Where to Buy Strategy
When branded manufacturers integrate Where to Buy functionality on their websites, the goal is to increase sales by pushing consumers to their products sold by resellers.
With ChannelAdvisor Where to Buy, brands install a widget on their websites that lists the retailers that currently have their products in stock. The question is how to specify the order of retailers, to maximize success.
There are four common ways to prioritize which retailer partners on your Where to Buy widget you send consumers.
How to Optimize the Leads Sent to Your Retail Partners
Pros: To be honest, there’s any real “pro” for sorting retailers by alphabetical order unless you’re a retailer that happens to have called itself Aardvark.
Cons: The obvious disadvantage here is that key retailers could appear lower on the list, despite being the largest account. This can get messy, so think carefully if you choose this method.
2. Price Ascending
Pros: Starting with the retailer with the lowest price will clearly help the customer find a bargain, but it won’t necessarily help them find the best service. It’s common for retailers to use only the price as their unique selling proposition. But this is often a sign that the retailer isn’t providing the highest level of service.
Cons: Seeing only the cheapest price can set unrealistic expectations if shoppers are looking to make the purchase offline. This can also create a price war between retailers as they compete for the top spot.
3. Price Descending
Pros: Not rewarding retailers that sell at the lowest price will reduce the risk of retailer partners looking to buy their way to the top of the results.
Cons: Setting the retailer with the highest price as the number one spot can cause problems, as it can set unrealistic expectations and essentially make the product look more expensive than it actually is. Seeing a high price first may cause customers to lose interest quickly.
4. Click-Through Rate
Pros: By using the click-through rate, you’re essentially ordering retailers by how likely shoppers are to click. This way, the most trusted retailer will appear at the top of the list.
Cons: For this to work, you need historical data. So a retailer that’s new to the program could find it hard to climb the ranks.
There’s no perfect science for how a brand should order its retailers in a Where to Buy solution. At ChannelAdvisor, we always encourage our customers to use testing to find the right order for their business.
*The majority of this content first appeared on ChannelAdvisor's Blog on November 16, 2015.