1 00:00:05,310 --> 00:00:09,090 Matt Edmundson: Well, hello there and welcome to the e-Commerce podcast 2 00:00:09,090 --> 00:00:11,430 with me your host, Matt Edmundson. 3 00:00:11,610 --> 00:00:15,210 Now, today's episode is a little bit different. 4 00:00:15,240 --> 00:00:15,760 Oh, yes. 5 00:00:16,470 --> 00:00:18,030 It is a little bit different. 6 00:00:18,240 --> 00:00:21,510 If you're a regular to the show, you will know or will have heard me talk 7 00:00:21,510 --> 00:00:25,410 about e-commerce cohort, which is a membership group for E-com entrepreneurs, 8 00:00:25,740 --> 00:00:28,980 uh, and owners that I, I think everyone in e-commerce should join. 9 00:00:28,985 --> 00:00:31,980 That's just me's personal thing, but you know, that's just the way it is. 10 00:00:32,370 --> 00:00:38,790 Uh, and so, uh, I thought today we would do a little bit of a mashup. 11 00:00:38,850 --> 00:00:43,650 Now this month we have been, uh, talking about Black Friday marketing in cohort. 12 00:00:43,680 --> 00:00:46,740 And so every month we kind of have this q and a section. 13 00:00:47,580 --> 00:00:51,720 And so I thought we'd do that as a podcast and then I thought, I need an expert. 14 00:00:52,050 --> 00:00:52,710 Oh, yes. 15 00:00:52,890 --> 00:00:57,480 And then I thought, who better to have in on the show then the amazing 16 00:00:57,480 --> 00:01:00,930 Chloe Thomas who has been on the guest, who has been on the eCommerce 17 00:01:00,930 --> 00:01:02,910 podcast several times already. 18 00:01:03,330 --> 00:01:06,300 Uh, and Chloe, we, a few years ago we did this sort of Black Friday 19 00:01:06,300 --> 00:01:11,075 chat, so I thought, let's get Chloe again, from e-Commerce Master Plan. 20 00:01:11,345 --> 00:01:14,285 Now I'll read your bio, Chloe, and then we'll get into it. 21 00:01:14,765 --> 00:01:20,675 Uh, Chloe is a globally recognized e-commerce marketing problem solver, 22 00:01:20,975 --> 00:01:26,225 author of several bestselling books, keynote speaker and host of both the 23 00:01:26,230 --> 00:01:31,145 award-winning e-commerce Master Plan podcast and keep optimizing podcast. 24 00:01:31,475 --> 00:01:34,205 Chloe is no round legend and actually Chloe. 25 00:01:34,835 --> 00:01:34,925 Mm-hmm. 26 00:01:35,164 --> 00:01:38,435 . What I'm really psyched about is this week we actually met for the first 27 00:01:38,435 --> 00:01:38,675 time. 28 00:01:39,305 --> 00:01:40,745 Chloe Thomas: WE did Yes. 29 00:01:41,735 --> 00:01:45,245 Full on in real life, in person chat. 30 00:01:45,755 --> 00:01:46,085 Yeah. 31 00:01:46,354 --> 00:01:48,995 Matt Edmundson: Rather than just Zoom or whatever software 32 00:01:48,995 --> 00:01:50,164 it is we're using these days. 33 00:01:50,975 --> 00:01:51,155 Chloe Thomas: It 34 00:01:51,335 --> 00:01:51,815 was, I 35 00:01:51,815 --> 00:01:53,215 know, I know how tall you are now. 36 00:01:53,854 --> 00:01:54,375 . I know that. 37 00:01:57,255 --> 00:01:57,945 Matt Edmundson: It's always a really 38 00:01:58,375 --> 00:01:58,664 interesting piece. 39 00:01:59,054 --> 00:02:04,335 Uh, what happened, uh, was Chloe arranged this week, uh, for several 40 00:02:04,335 --> 00:02:08,025 of us ecom podcasters in the UK to get together for breakfast in London. 41 00:02:08,115 --> 00:02:08,894 Uh, in London. 42 00:02:09,164 --> 00:02:12,855 In London, . And it was brilliant actually. 43 00:02:12,855 --> 00:02:14,595 It was really good to see everybody. 44 00:02:14,894 --> 00:02:16,775 Um, so there was Nick wasn't there was no, I trust that. 45 00:02:16,780 --> 00:02:16,935 Yeah. 46 00:02:16,935 --> 00:02:17,445 Nick was there. 47 00:02:17,445 --> 00:02:19,394 Tim was there and James was there. 48 00:02:19,394 --> 00:02:19,695 Right. 49 00:02:20,325 --> 00:02:22,454 All from various e-commerce podcasts. 50 00:02:22,454 --> 00:02:23,954 We links them all actually in the show notes. 51 00:02:23,954 --> 00:02:26,355 Give 'em all a good shout out cause they're all top blokes. 52 00:02:27,105 --> 00:02:29,175 And you were the only lady in the group. 53 00:02:29,175 --> 00:02:30,225 How was that for you? 54 00:02:30,355 --> 00:02:33,135 Chloe Thomas: Well, it Was pretty much my normal life really. 55 00:02:36,420 --> 00:02:40,650 No, it's, it's interesting cuz there aren't, there aren't that 56 00:02:40,650 --> 00:02:45,300 many women e-commerce podcast around podcasters around the globe. 57 00:02:45,360 --> 00:02:49,620 And, um, it was the first ever time we've done it and I am working on getting some 58 00:02:49,620 --> 00:02:53,550 women to come and join us next time, but there aren't that many to pick from. 59 00:02:54,060 --> 00:02:59,790 Um, and um, and I think, I think women have, um, more of a, will it 60 00:03:00,020 --> 00:03:02,780 be worth it, uh, filter than men do. 61 00:03:03,400 --> 00:03:04,620 Matt Edmundson: men are just like, there's food. 62 00:03:04,620 --> 00:03:05,040 I'm there. 63 00:03:05,040 --> 00:03:06,390 What's wrong with you people? 64 00:03:06,510 --> 00:03:07,180 Chloe Thomas: There's, 65 00:03:07,185 --> 00:03:07,620 there's food. 66 00:03:07,620 --> 00:03:08,130 It's fine. 67 00:03:08,130 --> 00:03:08,640 I'll, Yeah. 68 00:03:08,640 --> 00:03:08,850 Cool. 69 00:03:09,450 --> 00:03:12,990 Um, no, I, I think women have more of a, can I be bothered to 70 00:03:12,990 --> 00:03:14,579 go to London for this or not? 71 00:03:14,579 --> 00:03:16,890 Will this be worth it or should I just stay in the office? 72 00:03:16,890 --> 00:03:21,840 But I may be massively stereotyping that, but, um, but no, I, I grew 73 00:03:21,840 --> 00:03:26,220 up with, um, with brothers and, um, best mates at uni were all boys, so 74 00:03:26,220 --> 00:03:27,810 I'm I'm all right amongst the boys. 75 00:03:27,870 --> 00:03:28,890 Yeah, it was okay. 76 00:03:29,160 --> 00:03:30,480 Matt Edmundson: Yeah, it was lovely actually. 77 00:03:30,480 --> 00:03:31,110 It was lovely to see 78 00:03:31,110 --> 00:03:32,130 everybody and meet everybody. 79 00:03:32,130 --> 00:03:33,420 So thank you for arranging that. 80 00:03:33,780 --> 00:03:34,829 Uh, that's cool. 81 00:03:35,280 --> 00:03:37,530 And it was all quite coincidental in terms of timing. 82 00:03:37,530 --> 00:03:40,440 I thought to myself, what I should have done was taken like four or 83 00:03:40,440 --> 00:03:43,470 five microphones down and plonked them in the middle of the table, 84 00:03:43,950 --> 00:03:44,890 And I said right! 85 00:03:45,119 --> 00:03:46,380 We're gonna have a conversation. 86 00:03:46,649 --> 00:03:50,100 Uh, and then never did, uh, we never talked about podcasting, which was 87 00:03:50,100 --> 00:03:51,929 the irony of that, that meetup. 88 00:03:52,029 --> 00:03:52,380 Chloe Thomas: No, 89 00:03:52,739 --> 00:03:52,950 no. 90 00:03:52,950 --> 00:03:55,799 We did, we did manage to talk a little bit about eCommerce, but 91 00:03:55,799 --> 00:03:58,079 almost not at all about podcasting. 92 00:03:58,560 --> 00:04:00,600 Um, but I think it, I think very good. 93 00:04:00,605 --> 00:04:01,859 Was a good first meeting. 94 00:04:01,859 --> 00:04:03,179 And we'll do, we'll do more, 95 00:04:03,450 --> 00:04:03,750 I think. 96 00:04:03,820 --> 00:04:04,140 Matt Edmundson: Yeah. 97 00:04:04,290 --> 00:04:04,529 Yeah. 98 00:04:04,529 --> 00:04:04,950 We will. 99 00:04:05,040 --> 00:04:05,880 I'm looking forward to it. 100 00:04:06,750 --> 00:04:07,440 Right. 101 00:04:07,529 --> 00:04:11,459 Let's get into these questions cuz we have quite a few questions about Black Friday. 102 00:04:12,390 --> 00:04:16,769 Uh, and so thank you for being with me again in the, in the q and A section. 103 00:04:16,769 --> 00:04:19,320 So, um, Let, Are you good? 104 00:04:19,320 --> 00:04:20,370 Are you good to go with this? 105 00:04:20,370 --> 00:04:21,104 Jump straight in. 106 00:04:21,644 --> 00:04:23,195 Chloe Thomas: I'm ready to Go. 107 00:04:23,625 --> 00:04:26,880 I have been, I've been talking about Black Friday for probably 108 00:04:27,900 --> 00:04:30,030 two months now and Okay. 109 00:04:30,030 --> 00:04:34,620 I think this Black Friday has changed, or the tone of conversation has changed 110 00:04:34,620 --> 00:04:39,239 more this year from when we started talking about it to now than ever before. 111 00:04:39,239 --> 00:04:43,169 So, um, it's very cool to be doing something that's going out quite quickly. 112 00:04:43,590 --> 00:04:43,679 Yeah. 113 00:04:43,685 --> 00:04:45,719 To give people the, the right advice. 114 00:04:45,929 --> 00:04:47,580 As of now, 115 00:04:49,140 --> 00:04:50,070 , Matt Edmundson: it may change. 116 00:04:50,880 --> 00:04:51,750 Chloe Thomas: Yeah, you probably will. 117 00:04:53,140 --> 00:04:53,620 Matt Edmundson: probablyWill. 118 00:04:54,090 --> 00:04:55,979 It is funny isn't it, because it's time of the year. 119 00:04:55,979 --> 00:04:57,710 You, you're running your eCommerce site and you're 120 00:04:57,715 --> 00:04:58,799 thinking, Oh crap, Black Friday. 121 00:04:58,979 --> 00:05:02,429 And you, you've, I know a lot of people that have done that. 122 00:05:02,434 --> 00:05:04,710 I'm just putting it off, putting it off, putting it, and now they're going 123 00:05:05,340 --> 00:05:07,890 and it's getting closer and closer and they're starting, the cold sweats 124 00:05:07,890 --> 00:05:11,729 are starting and so, um, it, it, it tends to be a common theme around 125 00:05:11,729 --> 00:05:12,469 this time of year. 126 00:05:12,469 --> 00:05:13,630 Chloe Thomas: Well, it is. 127 00:05:14,160 --> 00:05:15,090 Difficult piece. 128 00:05:15,090 --> 00:05:17,790 You know, normally I, I always won't wonder when should we put 129 00:05:17,790 --> 00:05:19,200 out our Black Friday content? 130 00:05:19,200 --> 00:05:19,980 When should we put it out? 131 00:05:19,980 --> 00:05:23,040 Because to be honest, everyone should be starting to plan Black Friday 132 00:05:23,040 --> 00:05:24,810 from the week after Black Friday. 133 00:05:24,870 --> 00:05:25,200 Right? 134 00:05:25,380 --> 00:05:27,180 That's when your planning should start. 135 00:05:27,480 --> 00:05:27,540 Yeah. 136 00:05:27,540 --> 00:05:31,080 And you should by the end of August for, you know, not if 137 00:05:31,085 --> 00:05:32,670 you're not a massive retailer. 138 00:05:32,675 --> 00:05:35,430 By the end of August, you should have your plans locked down. 139 00:05:35,430 --> 00:05:37,740 Know what product you're discounting, what the discounts are gonna be, 140 00:05:37,740 --> 00:05:41,010 what the segments are, what the marketing methods are, and then 141 00:05:41,010 --> 00:05:44,940 you've got a solid foundation on which to twist and pivot, which you're 142 00:05:44,945 --> 00:05:46,950 inevitably going to do this year. 143 00:05:46,980 --> 00:05:50,700 Anyone who was, who was good in inverted coms and who had their plan 144 00:05:50,700 --> 00:05:54,855 in place by the end of August, It shouldn't be what you're putting in 145 00:05:54,855 --> 00:05:56,415 place, what you're actually gonna run. 146 00:05:56,415 --> 00:06:01,005 It should have changed by now, um, in one way or in one way or another. 147 00:06:01,095 --> 00:06:03,105 So it's kinda like that irony. 148 00:06:03,465 --> 00:06:06,345 If you have, you should start planning early. 149 00:06:06,345 --> 00:06:10,185 So you are in control, but being in control means changing 150 00:06:10,185 --> 00:06:11,355 your plans quite regularly. 151 00:06:11,355 --> 00:06:15,345 So this is one of those years where if you're not a planner, you've 152 00:06:15,345 --> 00:06:19,845 got quite a massive get outta jail free card because plans have been 153 00:06:19,845 --> 00:06:23,475 rewritten so many times, possibly come off better than the rest of us 154 00:06:25,425 --> 00:06:27,225 . Matt Edmundson: But it's not a strategy we advocate. 155 00:06:27,735 --> 00:06:27,935 Advocate. 156 00:06:27,945 --> 00:06:29,925 Maybe it's one of those things, isn't it? 157 00:06:29,975 --> 00:06:33,285 That the longer that we've been going on, the more Black Fridays 158 00:06:33,285 --> 00:06:34,875 we've done certainly as Brits. 159 00:06:34,875 --> 00:06:36,975 Cause it's not a common, it wasn't a common thing until 160 00:06:36,975 --> 00:06:37,875 a few years ago, was it? 161 00:06:38,565 --> 00:06:42,135 Um, and the, the sort of, the more we get used to it, the more comfortable 162 00:06:42,195 --> 00:06:44,865 we are, seem to be feeling with it. 163 00:06:44,865 --> 00:06:48,375 And I think the better off we are preparing for now. 164 00:06:48,645 --> 00:06:51,315 I think I feel more prepared for Black Friday than I ever have done. 165 00:06:52,995 --> 00:06:54,795 Chloe Thomas: Yeah, I think I, I think there's, there's 166 00:06:54,795 --> 00:06:56,115 kind of two reasons for that. 167 00:06:56,145 --> 00:07:01,755 One is that we've kind of realized, and Black Friday has evolved, so as 168 00:07:01,760 --> 00:07:03,915 it can be whatever you want it to be. 169 00:07:04,425 --> 00:07:07,125 So there's movements against Black Friday. 170 00:07:07,185 --> 00:07:11,715 There's definitely a movement against the big blanket discounts that only 171 00:07:11,715 --> 00:07:14,115 last for 24 hours and things like this. 172 00:07:14,115 --> 00:07:18,195 So there's definitely, um, I think everyone now feels like 173 00:07:18,200 --> 00:07:21,495 they have permission to create the promotion that works for them. 174 00:07:21,765 --> 00:07:27,015 And then the second side of it is, I think we as an industry have got much 175 00:07:27,015 --> 00:07:33,105 savvier, organizing the operations side of it, you know, um, changing the 176 00:07:33,105 --> 00:07:37,365 postage methods, changing the messaging on speed of delivery, working with 177 00:07:37,365 --> 00:07:42,885 our couriers, our three pls, our own in-house warehouses to be ready and 178 00:07:42,890 --> 00:07:45,615 to manage that bump when it comes and. 179 00:07:46,094 --> 00:07:53,295 Those third parties, we use couriers, um, uh, software, uh, the, um, simply 180 00:07:53,295 --> 00:07:58,065 the, you know, the three pls, et cetera, have become a lot better prepped for 181 00:07:58,065 --> 00:08:00,164 that being a very, very busy weekend. 182 00:08:00,255 --> 00:08:02,565 So I think those for me are the two bits. 183 00:08:02,565 --> 00:08:07,065 We've become smarter at the op side of things and we've also started 184 00:08:07,065 --> 00:08:11,985 creating our own version of Black Friday rather than just doing something silly 185 00:08:15,315 --> 00:08:15,705 Matt Edmundson: I like that. 186 00:08:16,034 --> 00:08:17,414 Rather than just doing something silly. 187 00:08:17,414 --> 00:08:17,685 Yes. 188 00:08:18,164 --> 00:08:19,125 Uh, no, I think it's very 189 00:08:19,130 --> 00:08:19,245 true. 190 00:08:20,145 --> 00:08:23,445 There is nothing stupider as a business than going, Oh look, 191 00:08:23,445 --> 00:08:24,855 everyone else is doing that. 192 00:08:25,005 --> 00:08:26,145 I'd better do it too. 193 00:08:26,145 --> 00:08:26,825 Yeah, yeah, yeah. 194 00:08:28,365 --> 00:08:29,505 You know, nothing stupider. 195 00:08:29,505 --> 00:08:31,515 So, um, yeah, don't do the silly thing. 196 00:08:31,515 --> 00:08:32,804 Do what works for your business. 197 00:08:32,895 --> 00:08:33,194 Yeah. 198 00:08:33,194 --> 00:08:35,085 So first tip right there, right? 199 00:08:35,385 --> 00:08:38,115 Uh, . So question number one. 200 00:08:38,120 --> 00:08:40,275 These questions by the way, are in no particular order. 201 00:08:40,800 --> 00:08:44,670 So, uh, I've not, I've not done that due diligence and gone, I'll 202 00:08:44,670 --> 00:08:45,840 put these in a logical order. 203 00:08:45,840 --> 00:08:47,610 I've just whacked them on a piece of paper. 204 00:08:48,240 --> 00:08:49,230 Uh, and so 205 00:08:49,930 --> 00:08:52,800 Chloe Thomas: well, and Matt and that if this goes like any of our other chats, 206 00:08:52,800 --> 00:08:57,000 we'll probably be answering question 20, um, by accident in question one. 207 00:08:57,000 --> 00:08:58,050 Anyway, , so, you know, 208 00:08:59,370 --> 00:09:01,590 Matt Edmundson: yeah, more than likely, uh, and we probably 209 00:09:01,590 --> 00:09:02,820 won't get to question four. 210 00:09:02,970 --> 00:09:05,160 Uh, see the thing that will probably happen. 211 00:09:05,760 --> 00:09:11,580 So some of these are quite, uh, detaily type questions. 212 00:09:11,910 --> 00:09:13,110 Voucher codes. 213 00:09:13,500 --> 00:09:17,040 Should you do voucher codes, uh, for your Black Friday off for yes or no? 214 00:09:17,070 --> 00:09:20,210 Pros and pros and, uh, cons. 215 00:09:21,120 --> 00:09:25,199 Chloe Thomas: Pros are that it enables you to give the offers to the people 216 00:09:25,199 --> 00:09:26,699 you want to give the offers to. 217 00:09:26,729 --> 00:09:31,290 In theory anyway, you know, if you want to, If you've got limited stock 218 00:09:31,319 --> 00:09:35,040 and you wanna give the best discounts to a selected segment of customers, 219 00:09:35,069 --> 00:09:38,040 then a voucher code is a great way to do that because they're the only 220 00:09:38,040 --> 00:09:39,150 ones who've got the voucher code. 221 00:09:39,689 --> 00:09:45,209 It's also a good way of protecting a bit of margin, because even if you give the 222 00:09:45,209 --> 00:09:49,140 customer a voucher code, some of them will forget to use it and will pay full 223 00:09:49,140 --> 00:09:53,939 price or whatever it is anyway, so I think they have a really good role to play. 224 00:09:54,000 --> 00:09:59,750 The downsides of it, it will lower response rate because, People won't 225 00:09:59,840 --> 00:10:05,390 have a voucher code and it will inevitably get picked up on a voucher 226 00:10:05,390 --> 00:10:09,890 code website, which means all your carefully targeted segmentation and 227 00:10:09,890 --> 00:10:14,930 margin control and marketing channel control methods will go wrong. 228 00:10:15,290 --> 00:10:18,320 Um, and it will end up, you know, the sales will end up getting 229 00:10:18,320 --> 00:10:19,520 double count in different places. 230 00:10:19,520 --> 00:10:23,060 Now if you've got a massive overstock and you desperately want 231 00:10:23,060 --> 00:10:25,190 to clear it, then that's fine. 232 00:10:25,520 --> 00:10:30,440 But if you haven't got much extra product and you are trying to use what 233 00:10:30,440 --> 00:10:33,980 margin you can afford to give away in the best possible way, then you've 234 00:10:33,985 --> 00:10:35,750 just gotta be really careful with that. 235 00:10:35,750 --> 00:10:40,220 So, I, I definitely wouldn't be running in that scenario. 236 00:10:40,220 --> 00:10:42,440 I definitely wouldn't run a voucher code that lasts for 237 00:10:42,440 --> 00:10:43,640 the whole month of November. 238 00:10:43,880 --> 00:10:43,970 Mm-hmm. 239 00:10:44,450 --> 00:10:49,040 . But I might run a voucher code that's 24 hours only for this group of 240 00:10:49,450 --> 00:10:52,820 customers because when it's short time bounded like that, you've got 241 00:10:52,820 --> 00:10:55,070 less CPI to other marketing channels. 242 00:10:55,590 --> 00:10:56,910 Yeah, that's very true. 243 00:10:56,910 --> 00:10:57,810 It depends, Matt. 244 00:10:57,930 --> 00:10:58,490 Matt Edmundson: It depends. 245 00:10:58,490 --> 00:10:59,040 It depends as 246 00:10:59,040 --> 00:11:01,140 all these questions, this just answer all the questions. 247 00:11:01,140 --> 00:11:01,530 It depends. 248 00:11:02,040 --> 00:11:04,260 Uh um, no, it's totally right. 249 00:11:04,260 --> 00:11:07,740 I mean, I remember once we did a voucher code around Black Friday, uh, and it 250 00:11:07,740 --> 00:11:12,660 did get onto a voucher website and we came in and saw thousands of people 251 00:11:12,660 --> 00:11:17,880 had used this code and we were like, Oh my Lord, what on earth has happened? 252 00:11:17,910 --> 00:11:21,210 We didn't , I just didn't expect it. 253 00:11:21,510 --> 00:11:23,880 And so we spent days trying to pick up the pieces from that. 254 00:11:24,360 --> 00:11:27,990 The other thing that I've found with voucher codes, Chloe, I don't 255 00:11:27,990 --> 00:11:32,580 know if you've seen this, is, is actually people you can give out 256 00:11:32,580 --> 00:11:35,850 voucher codes and it does give you some more cuz people don't use them. 257 00:11:35,850 --> 00:11:39,900 But those people can then contact customer service and go, I'm terribly 258 00:11:39,900 --> 00:11:44,670 sorry I didn't use my voucher code, which increases around Black Friday. 259 00:11:44,675 --> 00:11:48,480 The workload on your already busy customer service team, yeah. 260 00:11:48,960 --> 00:11:50,400 Uh, quite dramatically. 261 00:11:50,880 --> 00:11:54,405 And um, And we've noticed actually with voucher coasts, not only does 262 00:11:54,805 --> 00:11:58,245 customer service increase, but customers can feel a little bit cheated. 263 00:11:59,745 --> 00:12:00,615 Chloe Thomas: Yeah, it can. 264 00:12:00,944 --> 00:12:03,885 They're one of those tricky things. 265 00:12:03,944 --> 00:12:08,385 These days I tend to advise against using them, um, generally because 266 00:12:08,390 --> 00:12:11,595 there's all these nuances that people miss, you know, extra work 267 00:12:11,600 --> 00:12:13,305 on customer services and so forth. 268 00:12:13,725 --> 00:12:19,755 Um, there are now, uh, apps like AI chat bots and negotiation chatbots, which can 269 00:12:20,895 --> 00:12:25,694 reference the database to give people back the va the coupon code so they can go, 270 00:12:25,845 --> 00:12:29,655 Hello, have you forgotten your voucher code, and then give you a voucher code. 271 00:12:29,655 --> 00:12:32,175 But of course, that's also gonna pop up to people who you never give 272 00:12:32,180 --> 00:12:33,765 about code to in the first place. 273 00:12:34,125 --> 00:12:36,615 And I've seen other retailers having in the check. 274 00:12:37,260 --> 00:12:40,410 You know, you've got the promo code or the voucher code box and then having 275 00:12:40,800 --> 00:12:43,770 a link underneath it that goes, Have you forgotten your voucher code? 276 00:12:43,830 --> 00:12:44,610 Click here. 277 00:12:44,790 --> 00:12:49,830 That just gives them a voucher code, which can be a good ploy if you are heavily 278 00:12:49,830 --> 00:12:53,310 embedded in voucher codes as a business to make sure you get the checkout. 279 00:12:53,310 --> 00:12:57,210 But if you don't usually use them, you're just giving margin away at that point. 280 00:12:57,230 --> 00:12:57,390 Yeah. 281 00:12:57,750 --> 00:13:03,330 So there are, they are a tricky little game voucher codes, I suppose. 282 00:13:03,330 --> 00:13:04,770 They're a tricky little game to play. 283 00:13:05,610 --> 00:13:06,570 Matt Edmundson: Yeah, they are. 284 00:13:06,670 --> 00:13:09,450 And I, and like you say, it depends, doesn't it, on what's right for 285 00:13:09,450 --> 00:13:10,740 your business in your customers. 286 00:13:11,340 --> 00:13:14,580 Um, like I say, for us, I just know over Black Friday, our customer 287 00:13:14,580 --> 00:13:18,210 service team are already rammed and whenever you use voucher codes, 288 00:13:18,360 --> 00:13:20,190 you are gonna add to that problem. 289 00:13:20,340 --> 00:13:23,670 Uh, and so you just have to think that through a, a little bit. 290 00:13:24,240 --> 00:13:24,360 Yeah. 291 00:13:24,390 --> 00:13:29,130 Um, so I think this year actually we decided not to do voucher codes. 292 00:13:29,520 --> 00:13:32,760 Um, you're just gonna, the offer is what the offer is, and actually we're 293 00:13:32,760 --> 00:13:33,870 gonna do different landing pages. 294 00:13:34,709 --> 00:13:36,890 . Um, and so we drive 295 00:13:36,890 --> 00:13:38,069 track the way of doing it. 296 00:13:38,339 --> 00:13:38,729 Yeah. 297 00:13:38,880 --> 00:13:39,180 Chloe Thomas: Yeah. 298 00:13:39,569 --> 00:13:41,430 A little bit more work up front. 299 00:13:41,490 --> 00:13:41,640 Yeah. 300 00:13:41,670 --> 00:13:45,270 But there's the message, one less box to fill in, which 301 00:13:45,275 --> 00:13:46,920 should increase conversion rate. 302 00:13:46,949 --> 00:13:47,040 Mm-hmm. 303 00:13:47,310 --> 00:13:50,760 , you can segment your marketing and point people to the correct landing pages. 304 00:13:50,765 --> 00:13:53,819 Then you can make it a little bit more exclusive, cuz you can put exclusive 305 00:13:53,819 --> 00:13:55,469 on the page, reiterate the deal. 306 00:13:55,800 --> 00:13:59,099 So yeah, I think that's, um, if you've got the time to set up the landing 307 00:13:59,099 --> 00:14:03,510 pages, a much more controllable way of running your offers. 308 00:14:03,990 --> 00:14:04,469 Matt Edmundson: Yeah. 309 00:14:04,709 --> 00:14:04,979 Yeah. 310 00:14:04,984 --> 00:14:05,849 Well, I'll let you know. 311 00:14:06,839 --> 00:14:09,750 Chloe Thomas: Well, and also presumably if you're doing it with landing 312 00:14:09,750 --> 00:14:14,640 pages, you can actually have a unique SKU on sale so you can limit the 313 00:14:14,640 --> 00:14:16,319 amount of stock you've got for each. 314 00:14:17,250 --> 00:14:20,150 So if you were only planning on selling a hundred of your thousand 315 00:14:20,155 --> 00:14:23,579 units at that discount, you don't come in and discover it's ended up on 316 00:14:23,829 --> 00:14:27,240 a voucher code site and you sold all a thousand, which was your stock to 317 00:14:27,240 --> 00:14:30,780 last you through toward May, February or something at that discount level. 318 00:14:30,780 --> 00:14:34,589 So, um, yeah, look, control is always good on Black Friday. 319 00:14:35,339 --> 00:14:35,760 Matt Edmundson: It is. 320 00:14:35,765 --> 00:14:38,579 And scarce actually doing things like we've only got a hundred 321 00:14:38,579 --> 00:14:41,609 and people can see a countdown on the website is very, very good. 322 00:14:41,640 --> 00:14:44,729 That sort of scarcity, is it, it isity, isn't it? 323 00:14:44,734 --> 00:14:45,270 Yeah, yeah, yeah. 324 00:14:45,270 --> 00:14:47,219 That sort of scarcity mentality type thing, isn't it? 325 00:14:47,219 --> 00:14:49,680 And you kind of, you do have those countdown times. 326 00:14:49,680 --> 00:14:52,410 So yes, landing pages give us a little bit more control. 327 00:14:52,680 --> 00:14:55,589 There is a little like, say a little bit more work up, up the front. 328 00:14:55,589 --> 00:15:00,150 Cause you have to think about who am I, who I do in this landing page for, Right. 329 00:15:00,150 --> 00:15:03,959 You have to segment, um, and then figure out the different offers, but. 330 00:15:05,520 --> 00:15:07,560 , it's actually a lot more straightforward for us cuz we've 331 00:15:07,650 --> 00:15:09,930 only got a small SKU catalog. 332 00:15:10,140 --> 00:15:13,410 Um, as opposed to, we don't have the beauty company anymore, so 333 00:15:13,410 --> 00:15:16,080 I've not got 10,000 beauty products that I need to think about. 334 00:15:16,530 --> 00:15:18,449 Um, it's, it's much more straightforward. 335 00:15:18,455 --> 00:15:21,510 So, um, so yes, uh, voucher codes. 336 00:15:21,515 --> 00:15:22,020 There you go. 337 00:15:22,620 --> 00:15:26,699 Okay, So sh here's a question for you. 338 00:15:26,699 --> 00:15:32,460 Why, why did this question, should I keep capturing emails during a site-wide sale? 339 00:15:33,360 --> 00:15:35,490 That's an interesting, I'm not quite sure they entirely mean, 340 00:15:35,495 --> 00:15:36,720 but have a go answering that. 341 00:15:38,085 --> 00:15:41,595 Chloe Thomas: I would assume that means should I turn off my email sign up 342 00:15:41,895 --> 00:15:45,885 or should I, should I go fully tunnel vision on getting the sale rather 343 00:15:45,885 --> 00:15:47,145 than try and get an email account? 344 00:15:47,150 --> 00:15:48,525 So I'm gonna assume it's that. 345 00:15:48,705 --> 00:15:48,885 Yeah. 346 00:15:48,885 --> 00:15:52,995 Um, no, you should still be, um, aiming to collect email addresses cuz there will 347 00:15:52,995 --> 00:15:58,605 still be people coming to your site who aren't yet ready to, uh, to purchase. 348 00:15:58,605 --> 00:16:01,725 And who do go, Oh no, the offer's not quite what I wanted 349 00:16:01,725 --> 00:16:02,846 it to be or No, I'm not sure. 350 00:16:02,851 --> 00:16:04,185 Julie would actually like that. 351 00:16:04,215 --> 00:16:07,005 I'll sign up and I'll get it because you might convert them later. 352 00:16:07,335 --> 00:16:12,825 Um, assuming you are still running that, I would just be careful of being aware 353 00:16:12,825 --> 00:16:17,235 of what codes or offers, if any, you've got on the email sign up and I might, 354 00:16:17,745 --> 00:16:21,944 um, I might pause a, a, um, signup popup. 355 00:16:22,485 --> 00:16:24,075 Might pause a signup popup. 356 00:16:24,075 --> 00:16:28,875 I might not, would depend on the brand, but if you are not pausing it, so you're 357 00:16:28,875 --> 00:16:33,285 expecting quite a few signups during that time period, I might change the 358 00:16:33,285 --> 00:16:36,165 first email in that welcome campaign to. 359 00:16:37,140 --> 00:16:41,250 It's Black Friday, amazing offers only last until Saturday 360 00:16:41,250 --> 00:16:42,449 evening or whenever it is. 361 00:16:42,449 --> 00:16:45,719 So you are just going, you'll get the rest of our welcome campaign 362 00:16:45,719 --> 00:16:48,719 later, but you need to know about our Black Friday office now. 363 00:16:48,989 --> 00:16:53,699 Um, and you know, and if you've got any restrictions on, you know, someone who's 364 00:16:53,704 --> 00:16:56,939 just signed up, doesn't get your normal broadcast, and you've got a load of 365 00:16:56,939 --> 00:17:01,469 normal broadcast about Black Friday going out, I'd remove that restriction as well 366 00:17:01,469 --> 00:17:05,069 because they are arguably your hottest, some of your hottest buyers at that point. 367 00:17:05,190 --> 00:17:05,220 Mm. 368 00:17:05,349 --> 00:17:08,010 But yeah, I would still be, I wouldn't turn off email collection. 369 00:17:08,730 --> 00:17:10,169 Matt Edmundson: Yeah, I'm, I'm with you on that. 370 00:17:10,169 --> 00:17:15,810 The one, the one thing maybe I would turn off is the popups that I, again, I 371 00:17:15,810 --> 00:17:19,740 see them a lot, you know, put your email address and get 10% off, especially if 372 00:17:19,740 --> 00:17:21,690 you're already discounting on the site. 373 00:17:22,230 --> 00:17:23,069 Um, you might just want. 374 00:17:24,415 --> 00:17:26,415 Rephrase that or, or re redo that. 375 00:17:26,564 --> 00:17:29,655 Um, but like, yeah, And again, this is where actually landing 376 00:17:29,655 --> 00:17:30,885 pages is really helpful. 377 00:17:30,885 --> 00:17:33,524 So you, if you're sending your existing customers to a different 378 00:17:33,524 --> 00:17:37,185 landing page or you know, the best customers to this landing page, you 379 00:17:37,185 --> 00:17:41,235 don't obviously need the email sign up, uh, because they're already there. 380 00:17:41,355 --> 00:17:41,685 Right. 381 00:17:42,075 --> 00:17:46,814 Um, but when you are using, uh, like with our paid media campaigns, we know 382 00:17:46,814 --> 00:17:48,225 where all the new customers are going to. 383 00:17:48,225 --> 00:17:50,774 So we might wanna make the email sign up a little bit more 384 00:17:50,774 --> 00:17:52,455 prominent maybe on that page. 385 00:17:53,325 --> 00:17:53,534 Chloe Thomas: Yeah. 386 00:17:53,534 --> 00:17:56,774 And you might, um, you know, if you've got specific landing pages for those 387 00:17:56,774 --> 00:18:02,415 new customer acquisition campaigns, you might, uh, run and be running a delay pop. 388 00:18:02,820 --> 00:18:06,930 So you or an exit popup so it doesn't come up unless they wanna leave 389 00:18:06,930 --> 00:18:08,670 that page and not take your offer. 390 00:18:09,060 --> 00:18:13,350 Um, so yeah, be a, being a little bit strategic about it and just thinking 391 00:18:13,350 --> 00:18:17,550 through, hold on, what, how does this campaign affect our activity? 392 00:18:17,640 --> 00:18:23,500 And um, and if, if you're only running a one day Black Friday and you're a small 393 00:18:23,505 --> 00:18:27,420 team, I'm just gonna put this out there, just, just so you know, you can just 394 00:18:27,420 --> 00:18:31,590 go, It would be really nice to rebuild our welcome campaign, but actually 395 00:18:31,710 --> 00:18:34,230 let's just turn it off for 24 hours. 396 00:18:34,380 --> 00:18:34,530 Yeah. 397 00:18:34,590 --> 00:18:37,770 Um, or it'll be really nice to rebuild all of that, but that's 398 00:18:37,775 --> 00:18:39,570 not gonna be worth it for us. 399 00:18:40,320 --> 00:18:43,830 Feel free to know, be as, do as much or as little of what Matt and 400 00:18:43,830 --> 00:18:47,280 I are talking through here, cuz some of this is quite big business. 401 00:18:47,610 --> 00:18:50,310 Um, crossing the i's and dotting the T stuff. 402 00:18:50,880 --> 00:18:51,090 Matt Edmundson: Yeah. 403 00:18:51,090 --> 00:18:56,550 Some of it you definitely need a team for, uh, would be, In fact, one of the things, 404 00:18:56,640 --> 00:18:58,980 um, Chloe that's come up in cohort. 405 00:18:59,370 --> 00:19:04,020 Uh, in the, in the, we do this workshop in cohort, and one of the things, in 406 00:19:04,020 --> 00:19:06,750 fact, this month I did the workshop, one of the things that we talked 407 00:19:06,750 --> 00:19:11,970 about in the workshop was you can have permission to not do Black Friday. 408 00:19:12,450 --> 00:19:12,600 Yes. 409 00:19:12,690 --> 00:19:17,640 You, you can, and you can just feel the weight just disappear off a number of 410 00:19:17,645 --> 00:19:20,400 shoulders, just kind of going, Oh, really? 411 00:19:21,570 --> 00:19:21,629 Yeah. 412 00:19:21,660 --> 00:19:22,290 Okay. 413 00:19:22,620 --> 00:19:26,790 So there are questions around that and, and you mentioned this at the start. 414 00:19:26,790 --> 00:19:32,040 So, um, what advice do you give to people who go and go, I don't 415 00:19:32,040 --> 00:19:33,390 know if I wanna do Black Friday? 416 00:19:35,070 --> 00:19:37,500 , Chloe Thomas: if you've got a good reason not to do it, don't do it. 417 00:19:37,620 --> 00:19:41,370 I mean, and a good reason could be it doesn't fit with our brand, it 418 00:19:41,370 --> 00:19:43,110 doesn't fit with our sales model. 419 00:19:43,170 --> 00:19:46,530 Um, we only have a limited amount of stock. 420 00:19:46,620 --> 00:19:50,520 Uh, during the pandemic, I was doing a lot of work with, uh, Wentworth Jigsaw 421 00:19:50,525 --> 00:19:56,010 Puzzles who manufacture their own jigsaws and who were really struggling for stock. 422 00:19:56,580 --> 00:19:58,740 So they didn't do Black Friday. 423 00:19:58,740 --> 00:19:58,830 Mm-hmm. 424 00:20:00,265 --> 00:20:02,595 . It's because that was the right decision for them. 425 00:20:02,685 --> 00:20:05,895 Um, other brands I've known haven't done it and they've still had great sales 426 00:20:05,895 --> 00:20:11,055 days on that day because the cus their customers were holding their spend waiting 427 00:20:11,060 --> 00:20:14,505 to see what the offers were and when there wasn't an offer they bought anyway 428 00:20:14,505 --> 00:20:16,215 because that was the product they wanted. 429 00:20:16,635 --> 00:20:22,905 There is a, there is a big, um, customer intention to spend money on that 430 00:20:22,905 --> 00:20:25,305 day, whether you run an offer or not. 431 00:20:25,725 --> 00:20:30,115 So you will probably see a sales uplift even if you don't do anything. 432 00:20:30,120 --> 00:20:30,255 Yeah. 433 00:20:30,525 --> 00:20:33,795 But you don't have to, or you might do something tiny. 434 00:20:33,795 --> 00:20:38,955 Like we've got, you know, we've got some, you know, you basically rebrand your sale 435 00:20:38,955 --> 00:20:42,585 as your Black Friday offers in, clear out some stock you wanna clear out or 436 00:20:42,585 --> 00:20:47,565 you, you know, you, you, you look at the dead stock in the back of the warehouse 437 00:20:47,565 --> 00:20:49,785 and you do some mystery boxes, you. 438 00:20:50,490 --> 00:20:54,090 Content's worth a hundred pounds, we'll charge you 20 pounds for it. 439 00:20:54,090 --> 00:20:58,230 And you, you know, your finance director's going, Yes, we finally cleared that 440 00:20:58,235 --> 00:20:59,820 dead stock and turned it into cash. 441 00:21:00,450 --> 00:21:04,110 You have permission to do it, to leverage that customer buying 442 00:21:04,110 --> 00:21:06,720 intent in whatever way you want to. 443 00:21:07,260 --> 00:21:12,060 Even if that means doing nothing and just feeling quite smug. 444 00:21:12,510 --> 00:21:16,080 Um, yeah, , whilst everyone else is running around 445 00:21:16,080 --> 00:21:16,230 going, 446 00:21:16,590 --> 00:21:17,790 Matt Edmundson: everyone's going utterly crazy. 447 00:21:18,180 --> 00:21:22,950 We actually ran some tests at Jersey, um, on Black Friday, some Black Fridays. 448 00:21:22,950 --> 00:21:24,870 We did stuff and some Black Fridays we didn't. 449 00:21:25,530 --> 00:21:29,700 And what we found was that yes, when you did Black Friday off sales 450 00:21:29,700 --> 00:21:34,320 increase, but when you didn't do Black Friday sales, sales also increased. 451 00:21:34,500 --> 00:21:37,170 Cuz like you say, that buying intent now, they increased more 452 00:21:37,170 --> 00:21:40,320 when you did do Black Friday office, but your margin was a lot less. 453 00:21:41,040 --> 00:21:44,820 Uh, and so we found actually, if we were protecting margin 454 00:21:44,850 --> 00:21:47,430 and also we were protecting. 455 00:21:48,825 --> 00:21:53,055 , um, cuz a lot of our customers that would buy on Black Friday would buy more. 456 00:21:53,325 --> 00:21:53,595 Right? 457 00:21:53,595 --> 00:21:55,965 So they'd increase the average order value then, but that means they wouldn't 458 00:21:55,965 --> 00:21:58,605 be buying in January, which is when we normally would expect them to buy. 459 00:21:58,605 --> 00:22:00,945 So I'm offsetting the future purchase a little bit. 460 00:22:01,485 --> 00:22:06,615 So when we weighed all of that, um, together, we actually, with the 461 00:22:06,615 --> 00:22:10,515 beauty company, stopped doing Black Friday because it was more profitable 462 00:22:10,515 --> 00:22:12,345 for us as a business not to do it. 463 00:22:12,345 --> 00:22:18,585 Now we, we did engage the customers leading up to Black Friday and let 464 00:22:18,585 --> 00:22:21,555 them know what was going on and we found actually doing offers closer 465 00:22:21,560 --> 00:22:22,695 to Christmas was better for us. 466 00:22:23,265 --> 00:22:26,625 Um, but yeah, it was a really, really interesting experiment for us to do. 467 00:22:26,625 --> 00:22:31,275 And so that permission to not do back Friday, as Chloe said, if it's not right 468 00:22:31,275 --> 00:22:33,135 for your business model, don't do it. 469 00:22:33,945 --> 00:22:34,215 There's no 470 00:22:34,435 --> 00:22:34,475 pressure. 471 00:22:34,475 --> 00:22:34,675 Yeah. 472 00:22:34,675 --> 00:22:37,785 There's no rule book that says you have to run Black Friday. 473 00:22:38,415 --> 00:22:38,625 No. 474 00:22:38,625 --> 00:22:39,525 It's your business. 475 00:22:39,735 --> 00:22:40,575 You make the rules. 476 00:22:41,355 --> 00:22:48,960 So what are some of the, um, campaigns that you think if you are gonna do 477 00:22:48,960 --> 00:22:51,570 Black Friday, some of the offers, some of the campaigns that you've 478 00:22:51,629 --> 00:22:54,330 heard talked about this year that you think actually they're, they're 479 00:22:54,330 --> 00:22:56,070 quite clever or they're gonna win or, 480 00:22:58,830 --> 00:22:59,580 Chloe Thomas: Yeah. 481 00:22:59,820 --> 00:23:04,980 Um, yeah, it's a difficult one this year in particular because I know there's 482 00:23:04,980 --> 00:23:13,020 a lot of businesses who have overstock because they weren't anticipate the 483 00:23:13,020 --> 00:23:14,190 point where they place the orders. 484 00:23:14,190 --> 00:23:18,179 They weren't anticipating the slowdown of the economy that they have 485 00:23:18,179 --> 00:23:20,399 experienced in some sectors already. 486 00:23:20,399 --> 00:23:20,460 Yeah. 487 00:23:21,270 --> 00:23:25,409 So they've got stock, they need to clear into cash, in which case going big and 488 00:23:25,409 --> 00:23:29,190 deep with Black Friday is good because you, you need the cash, even if the 489 00:23:29,190 --> 00:23:32,370 margin's bad, you need the cash or you're not surviving the year potentially. 490 00:23:33,030 --> 00:23:36,750 But then there's other brands who are doing, um, who are doing quite well. 491 00:23:38,040 --> 00:23:41,280 Or doing better than average who are having to make these decisions. 492 00:23:41,280 --> 00:23:43,770 So I think we're gonna see a really mixed up campaign. 493 00:23:44,190 --> 00:23:49,050 The piece of tech that I'm most interested in seeing the results of 494 00:23:49,110 --> 00:23:52,680 is one I only came across a couple of weeks ago at E-Commerce Expo. 495 00:23:52,950 --> 00:23:53,280 Hmm. 496 00:23:53,340 --> 00:23:54,480 Which is called Nibble. 497 00:23:54,485 --> 00:23:55,560 Have you come across Nibble? 498 00:23:57,300 --> 00:23:57,570 Okay. 499 00:23:57,570 --> 00:24:03,590 So Nibble is an AI chatbot that negotiates with your customer. 500 00:24:03,590 --> 00:24:03,679 Matt Edmundson: Yes. 501 00:24:03,760 --> 00:24:07,470 I, This is why I was looking slightly conf, cuz I'm like, this sounds familiar. 502 00:24:07,740 --> 00:24:10,410 And I'm thinking, is that the negotiation software? 503 00:24:10,415 --> 00:24:10,810 It's 504 00:24:11,370 --> 00:24:12,210 Chloe Thomas: the negotiation one. 505 00:24:12,210 --> 00:24:12,570 Yeah. 506 00:24:13,410 --> 00:24:19,830 Which I think if it's deployed in the right way could be amazing. 507 00:24:19,830 --> 00:24:22,200 And there are some amazing case studies and they're, you know, 508 00:24:22,200 --> 00:24:25,590 they're busy gathering people to test this on Black Friday for them. 509 00:24:25,889 --> 00:24:28,290 And I think it could be, you know, we talked about, you know, 510 00:24:28,295 --> 00:24:29,399 is your voucher code missing? 511 00:24:29,399 --> 00:24:33,810 If you've got a chat bot going, do you, would you like a deal on this? 512 00:24:33,815 --> 00:24:33,930 Mm-hmm. 513 00:24:34,560 --> 00:24:38,970 And it knows the remit can go to, in that product, it should have a very positive 514 00:24:38,970 --> 00:24:41,820 impact on conversions and it should save a bit of margin here and there. 515 00:24:41,820 --> 00:24:46,170 If I wasn't doing Black Friday, you know, a big Black Friday event, I might deploy 516 00:24:46,170 --> 00:24:48,480 it just on Black Friday for a laugh. 517 00:24:49,139 --> 00:24:50,040 You know, not for a laugh. 518 00:24:50,040 --> 00:24:52,350 Sorry for a good, for a really interesting test. 519 00:24:52,350 --> 00:24:52,860 Yeah, yeah. 520 00:24:52,920 --> 00:24:53,490 And go. 521 00:24:54,420 --> 00:25:00,030 It can take 10% off if a customer delays for X amount of time on the site and 522 00:25:00,030 --> 00:25:03,420 isn't checking out, go, Were you hoping we were running a Black Friday deal? 523 00:25:03,420 --> 00:25:06,180 Sh don't tell anyone, but we could do something. 524 00:25:06,180 --> 00:25:07,830 What would you like type thing. 525 00:25:08,190 --> 00:25:11,909 So I'm, I'm very intrigued on that because I haven't seen that. 526 00:25:11,970 --> 00:25:13,860 I haven't ever seen that done effectively. 527 00:25:13,860 --> 00:25:16,290 I've seen dynamic pricing and that kind of stuff played around with, but 528 00:25:16,290 --> 00:25:20,399 I think that could be very interesting and I'm hoping we will see some 529 00:25:20,460 --> 00:25:24,389 good segmentation because there's no excuse not to do good segmentation. 530 00:25:24,389 --> 00:25:24,990 Not anymore. 531 00:25:25,409 --> 00:25:25,680 No. 532 00:25:25,770 --> 00:25:29,100 Um, but, We shall see. 533 00:25:29,770 --> 00:25:30,379 , I suppose 534 00:25:31,080 --> 00:25:34,080 Matt Edmundson: that's the, that's the crux of the matter, isn't it? 535 00:25:34,080 --> 00:25:36,990 So goods, so good segmentation, right? 536 00:25:38,040 --> 00:25:40,649 How would you de define good segmentation? 537 00:25:40,649 --> 00:25:42,810 What are some of the segments that you would be looking at? 538 00:25:43,169 --> 00:25:44,820 Uh, for e-commerce brands? 539 00:25:46,620 --> 00:25:47,669 Chloe Thomas: Caveating this with it. 540 00:25:47,669 --> 00:25:50,250 It depends on, you know, how much you've got to shift, how much 541 00:25:50,250 --> 00:25:53,790 margin you give away, what your overall business targets are. 542 00:25:53,790 --> 00:25:58,860 But I would be, you know, trying to, trying to find the offers which 543 00:25:58,865 --> 00:26:03,720 are gonna turn inquiries who haven't previously purchased into buyers. 544 00:26:03,899 --> 00:26:04,020 Mm-hmm. 545 00:26:04,320 --> 00:26:08,340 . So Black Friday's one thing, it's a chance to get the people who've been sitting 546 00:26:08,340 --> 00:26:12,179 on the fence all year to get off that fence and spend some money with you. 547 00:26:12,179 --> 00:26:12,240 Yeah. 548 00:26:12,870 --> 00:26:17,040 So I, and you know, and if you've, I was gonna say aggressively, if 549 00:26:17,040 --> 00:26:21,500 you've been cleverly gathering email addresses all year, then you 550 00:26:21,504 --> 00:26:24,750 should, you know, have a decent size list to be sending that out to. 551 00:26:25,110 --> 00:26:29,460 The other thing I would be doing at the moment is I would be focusing on, 552 00:26:29,610 --> 00:26:36,300 um, kind of reactivation campaigns, because when the economy's a bit tougher, 553 00:26:36,305 --> 00:26:39,300 people are more likely to spend money with businesses they already trust. 554 00:26:39,690 --> 00:26:45,240 And your past customers, those who've lapsed, should be ready to trust you. 555 00:26:45,240 --> 00:26:45,659 Mm-hmm. 556 00:26:46,065 --> 00:26:47,540 to, uh, buy again. 557 00:26:47,540 --> 00:26:49,409 So it should be an easier conversion. 558 00:26:49,409 --> 00:26:52,860 Therefore, you shouldn't need to use to give away so much 559 00:26:52,860 --> 00:26:54,240 margin to get that conversion. 560 00:26:54,240 --> 00:26:58,590 And if you can reactivate them now, it's the end of November when we hit Black 561 00:26:58,590 --> 00:27:01,740 Friday, you still theoretically got time to do another sale before the end of 562 00:27:01,740 --> 00:27:06,270 the year, and certainly to get them back in to help you with the sale clearance 563 00:27:06,270 --> 00:27:08,100 and everything that comes next year. 564 00:27:09,330 --> 00:27:13,980 those are the two pots I would focus on most heavily, getting that right for them. 565 00:27:14,460 --> 00:27:19,639 Um, and I would also make sure that within all those marketing messages, as 566 00:27:19,639 --> 00:27:23,940 well as working out the right promotion and the right products to be shifting, I 567 00:27:23,940 --> 00:27:29,040 would be using a lot of the kind of the neuro marketing language within it all. 568 00:27:29,040 --> 00:27:36,600 So, fomo, scarcity, deadlines, new exclusive, Yeah. 569 00:27:36,605 --> 00:27:36,629 Yeah. 570 00:27:36,720 --> 00:27:38,970 Social proof, all that kind of stuff. 571 00:27:38,970 --> 00:27:43,260 Because that's the, it's the grease that oils the checkout. 572 00:27:43,320 --> 00:27:48,210 And if you get those right, then I reckon I have no stats to back this up at all. 573 00:27:48,240 --> 00:27:51,450 I'm sure I could find them if I went and read a couple of books, but if 574 00:27:51,540 --> 00:27:56,680 you get them right, then you can, you should be able to protect a bit of 575 00:27:56,685 --> 00:27:59,639 margin and increase your conversion rate, because that's what they do. 576 00:27:59,639 --> 00:28:03,240 They are, they are things which we as humans are programmed 577 00:28:03,270 --> 00:28:04,650 to reactivate well to. 578 00:28:04,650 --> 00:28:04,740 Mm-hmm. 579 00:28:05,220 --> 00:28:07,160 , so they should. 580 00:28:08,520 --> 00:28:13,470 Theoretically you should be able to reduce, to reduce your promotion 581 00:28:13,470 --> 00:28:17,370 rate, save a few more percentage points of margin by using those 582 00:28:17,790 --> 00:28:19,860 rather than having to go deeper. 583 00:28:19,860 --> 00:28:23,520 So a bit of clever copywriting, a bit of decent design work, and you 584 00:28:23,520 --> 00:28:25,139 can protect a bit of margin as well. 585 00:28:25,139 --> 00:28:29,159 And I think that's the winners this year will be those who manage to 586 00:28:29,340 --> 00:28:32,159 get the sales whilst protecting as much margin as possible. 587 00:28:32,429 --> 00:28:33,419 Matt Edmundson: Yeah, no, I agree. 588 00:28:33,800 --> 00:28:34,330 I agree. 589 00:28:34,330 --> 00:28:36,149 It's um, I like that. 590 00:28:36,270 --> 00:28:36,870 I like that. 591 00:28:36,870 --> 00:28:40,919 So, And I like, I'm really curious actually, to see if I 592 00:28:40,919 --> 00:28:43,919 do go on any websites and come across that negotiating software. 593 00:28:43,919 --> 00:28:47,159 I've seen it work a couple of times and I've, I've tried my hand 594 00:28:47,159 --> 00:28:50,010 buying something once with it, just having, I was just totally crazy 595 00:28:50,010 --> 00:28:51,149 with it, but it was just good fun. 596 00:28:51,780 --> 00:28:54,000 Um, and it does create that talking point, doesn't it? 597 00:28:54,000 --> 00:28:54,990 That whole Yeah. 598 00:28:55,290 --> 00:28:56,340 Negotiation thing. 599 00:28:56,340 --> 00:29:00,449 So really keen to see if that comes, uh, a little bit more to the forefront. 600 00:29:00,540 --> 00:29:01,860 Very good, very good. 601 00:29:02,970 --> 00:29:06,540 Um, so on in cohort Chloe, one of the things that we talked about was 602 00:29:06,540 --> 00:29:09,870 building trust, uh, with your customer. 603 00:29:10,770 --> 00:29:14,669 Um, conversion rates, obviously for first and foremost all about trust. 604 00:29:14,669 --> 00:29:16,199 How much does this customer trust you? 605 00:29:16,730 --> 00:29:24,270 Um, what, 29:what are some of the ways that people can increase trust on the 606 00:29:24,274 --> 00:29:26,310 website for say, the first time buyers? 607 00:29:27,929 --> 00:29:30,600 Chloe Thomas: Social proof, most obviously. 608 00:29:30,689 --> 00:29:34,320 Um, but social proof comes in so many different flavors. 609 00:29:34,649 --> 00:29:35,459 You know, you've got. 610 00:29:36,330 --> 00:29:40,500 The overall score of the site, you know, four and a half stars out of whatever 611 00:29:40,679 --> 00:29:42,300 on whatever platform you're using. 612 00:29:42,300 --> 00:29:48,011 You've got actual quotes from actual customers to put in places and I would 613 00:29:48,015 --> 00:29:51,750 take some control over what appears on the homepage and what is on your emails. 614 00:29:51,750 --> 00:29:55,470 I know you can get widgets that just feed things through, but I would take 615 00:29:55,470 --> 00:29:59,939 a little bit of control over that and maybe go, this is a particularly 616 00:29:59,939 --> 00:30:03,240 good one we're gonna put on that banner when people land on the site. 617 00:30:03,720 --> 00:30:07,830 Um, I would also, you know, make sure you've got that on individual products. 618 00:30:07,835 --> 00:30:11,700 We hear from all the sources in the world that one review on a 619 00:30:11,705 --> 00:30:15,960 product page massively increases the conversion of that product page. 620 00:30:16,020 --> 00:30:17,129 Go find some of that. 621 00:30:17,669 --> 00:30:20,250 Um, make sure you know you've got it on product. 622 00:30:20,254 --> 00:30:23,159 If you've got best selling products or products you think should be best sellers 623 00:30:23,159 --> 00:30:27,720 that haven't yet got any reviews, work a bit harder on trying to get those in play. 624 00:30:29,024 --> 00:30:34,995 And then also, you know, we see increasing amounts of, uh, U GC or user 625 00:30:34,995 --> 00:30:37,274 generated content photography and video. 626 00:30:37,605 --> 00:30:38,325 You've got that. 627 00:30:38,325 --> 00:30:39,555 Use that in the marketing. 628 00:30:39,555 --> 00:30:44,325 Use it on the website as relevant to get that customer giving 629 00:30:44,325 --> 00:30:45,735 a real view of your product. 630 00:30:45,795 --> 00:30:48,524 So that's kind of the, the big kind of user generated content, 631 00:30:48,524 --> 00:30:51,264 the big social proof stuff that comes from your customers. 632 00:30:51,495 --> 00:30:54,825 Then you've got the social proof that comes from PR and places 633 00:30:54,825 --> 00:30:57,284 you've been featured, famous customers, that sort of thing. 634 00:30:58,274 --> 00:31:03,705 Um, I watched a presentation by Biscuit Tears last week who have a quote from 635 00:31:03,710 --> 00:31:08,295 Claudia Winkleman saying, um, if you don't like biscuit ears, there's something. 636 00:31:08,295 --> 00:31:10,965 Basically, I paraphrase, if you don't like biscuit ears, 637 00:31:10,965 --> 00:31:12,045 there's something wrong with you. 638 00:31:12,284 --> 00:31:14,955 Tell customer services, they have my number. 639 00:31:14,955 --> 00:31:18,315 We'll have a chat about your problems, , or something along those lines, 640 00:31:18,675 --> 00:31:23,175 which is just like, it's on brand Claudia Winkleman and yeah, totally. 641 00:31:24,000 --> 00:31:27,480 and she is so on brand for their cu for their, their company as well. 642 00:31:27,480 --> 00:31:29,880 I would have that all over their homepage and on every email. 643 00:31:29,880 --> 00:31:29,940 Yeah. 644 00:31:30,810 --> 00:31:34,260 Um, so, you know, famous customers, quotes, places you've been 645 00:31:34,260 --> 00:31:36,090 featured include some of that. 646 00:31:36,180 --> 00:31:41,100 And then, um, one of the things which gets kind of neglected on the trust 647 00:31:41,105 --> 00:31:43,200 front can often be founders story. 648 00:31:43,230 --> 00:31:46,350 How long you've been around, how many orders you've shipped, how 649 00:31:46,350 --> 00:31:47,850 many happy customers you've had. 650 00:31:48,570 --> 00:31:51,630 Cuz you know, if you are trying to commit, convince those new people, you 651 00:31:51,630 --> 00:31:55,260 need to do everything you can to show them that other people have purchased 652 00:31:55,260 --> 00:31:57,090 your products and been happy about it. 653 00:31:57,420 --> 00:31:57,750 Yeah. 654 00:31:58,620 --> 00:32:02,070 Anything you can do to show that and to reveal the humanity behind the 655 00:32:02,280 --> 00:32:04,350 business should work well for you. 656 00:32:04,800 --> 00:32:05,940 Yeah, but don't, Absolutely. 657 00:32:05,940 --> 00:32:07,800 Don't try and put it all on one page though. 658 00:32:09,210 --> 00:32:11,730 , you know, make it balanced. 659 00:32:11,760 --> 00:32:12,690 Matt Edmundson: Yeah, yeah, yeah. 660 00:32:14,400 --> 00:32:16,470 . Now this reviews thing is an interesting thing, isn't it? 661 00:32:16,470 --> 00:32:17,820 Because especially. 662 00:32:18,480 --> 00:32:23,640 . Um, if you are gonna be doing an offer on some stock that you've got 663 00:32:23,700 --> 00:32:28,110 and they, and you haven't got reviews on that stock, you, you've got a few 664 00:32:28,110 --> 00:32:30,480 weeks to go and get them, but not many. 665 00:32:31,110 --> 00:32:33,030 You need to, you need to go and get those. 666 00:32:33,030 --> 00:32:33,540 Really. 667 00:32:33,840 --> 00:32:36,150 And I think, I mean, it depend on your website, doesn't it? 668 00:32:36,150 --> 00:32:39,510 And my experience is you need probably at least between five 669 00:32:39,510 --> 00:32:41,850 and 15 to get going with, and 670 00:32:42,510 --> 00:32:46,740 Chloe Thomas: well, you say that, but um, at the same event that Biers were 671 00:32:46,740 --> 00:32:50,910 speaking at someone from John Lewis was speaking and she was saying they, if they 672 00:32:50,910 --> 00:32:55,350 had one review on a product, it increased the conversion rate of that page by 10%, 673 00:32:55,350 --> 00:32:56,730 I think was the number she was saying. 674 00:32:56,735 --> 00:32:56,760 Yeah. 675 00:32:56,760 --> 00:32:57,160 Yeah. 676 00:32:57,330 --> 00:33:03,420 And I had, uh, the person who was in charge of reviews at Argos on the podcast 677 00:33:03,960 --> 00:33:05,720 Oh, is that couple years back, back now. 678 00:33:05,780 --> 00:33:07,000 And Diane. 679 00:33:08,205 --> 00:33:09,764 Matt Edmundson: Joanna, Joanna Steel. 680 00:33:09,915 --> 00:33:10,125 Yeah. 681 00:33:10,125 --> 00:33:11,135 Yeah, so 682 00:33:11,135 --> 00:33:11,535 Chloe Thomas: not dianna. 683 00:33:11,535 --> 00:33:11,835 Brilliant. 684 00:33:11,980 --> 00:33:12,554 Joanna Steel. 685 00:33:14,145 --> 00:33:18,135 And she was saying how even a one star review on a product 686 00:33:18,655 --> 00:33:19,605 increase the conversion rate. 687 00:33:20,175 --> 00:33:24,735 So, so yes, there, there's certainly some, you know, a flywheel impact 688 00:33:24,735 --> 00:33:28,544 that happens after you get a certain number, but to get one is brilliant. 689 00:33:28,605 --> 00:33:31,605 If you've got a group, you know, if you've managed to build a community of 690 00:33:31,605 --> 00:33:36,585 some description of particularly great customers, loyal customers who you can 691 00:33:36,585 --> 00:33:41,804 talk to, sending out an email to that v i P group and saying, Oh, you know, if 692 00:33:41,810 --> 00:33:45,135 you've got 'em in a Facebook group or something else, um, or, you know, the 693 00:33:45,135 --> 00:33:48,375 founder's got a good Instagram following, put one out going, We're gonna be doing a 694 00:33:48,375 --> 00:33:51,014 great Black Friday offer on this product. 695 00:33:51,075 --> 00:33:53,985 If you've bought it, we'd really appreciate a review because it 696 00:33:53,985 --> 00:33:57,705 will help us sell more units and help the new customers understand 697 00:33:57,710 --> 00:33:59,115 the real benefits of the product. 698 00:34:00,230 --> 00:34:03,060 I bet that will work if you're build, you know, if you've got those 699 00:34:03,440 --> 00:34:05,100 customers who love it, direct them. 700 00:34:05,100 --> 00:34:06,389 Tell them you need their help. 701 00:34:06,389 --> 00:34:09,870 It's a very powerful way of getting people to do things over and above. 702 00:34:09,875 --> 00:34:16,280 Just ping out another boring review request email, you know, send it, read. 703 00:34:16,280 --> 00:34:17,460 Yeah, yeah, yeah. 704 00:34:17,670 --> 00:34:19,080 Send it from a good group of people. 705 00:34:19,259 --> 00:34:20,310 Don't fake it. 706 00:34:20,580 --> 00:34:21,690 Please don't fake it. 707 00:34:22,170 --> 00:34:26,009 Um, it's morally bad if nothing else. 708 00:34:26,100 --> 00:34:26,520 Wow. 709 00:34:26,790 --> 00:34:28,440 Matt Edmundson: Just, it's just wrong, isn't it? 710 00:34:28,440 --> 00:34:30,420 It's just, let's just, it's just wrong. 711 00:34:30,630 --> 00:34:31,170 Don't do it. 712 00:34:31,620 --> 00:34:36,300 Um, be genuine, be authentic, but just go and get people to review your product. 713 00:34:36,420 --> 00:34:38,310 Um, I would agree that one review is good. 714 00:34:38,310 --> 00:34:42,150 We found in our testing that the same sort of thing, actually one view 715 00:34:42,150 --> 00:34:43,710 makes a big difference to conversion. 716 00:34:43,920 --> 00:34:46,830 And then when we sort of, depending on the product is if we sort of 717 00:34:46,835 --> 00:34:50,070 hit five to 15, that would take it to the next sort of stage. 718 00:34:51,090 --> 00:34:55,630 Um, and so we always have the little groups, the little groups of hardcore 719 00:34:55,634 --> 00:34:59,970 fans, uh, and we're like, Right, let's go get these guys to write reviews. 720 00:34:59,970 --> 00:35:02,430 And if we were ever doing a new product, we would send the product out and 721 00:35:02,430 --> 00:35:05,040 go, Please review this product even before we've launched the product. 722 00:35:05,800 --> 00:35:09,840 Um, and so, yeah, all kinds of little tricks that you can do. 723 00:35:09,990 --> 00:35:11,910 But I like Jeff Founder's Instagram thing. 724 00:35:12,000 --> 00:35:12,570 Put it out there. 725 00:35:12,570 --> 00:35:14,130 People will review it, it's not a problem. 726 00:35:14,610 --> 00:35:16,050 Uh, but they get your reviews, 727 00:35:16,930 --> 00:35:18,450 Chloe Thomas: you know, you could even use it. 728 00:35:19,259 --> 00:35:23,910 Double bubble bump and send out an email to your VIPs going, We'll give you X 729 00:35:23,910 --> 00:35:28,470 percentage off this product if you can buy it and leave a review in the next week. 730 00:35:28,709 --> 00:35:28,830 Yeah. 731 00:35:28,859 --> 00:35:32,129 So you get like a little mini uplift before then you use 732 00:35:32,134 --> 00:35:33,600 that for the Black Friday bit. 733 00:35:33,990 --> 00:35:34,049 Yeah. 734 00:35:34,055 --> 00:35:36,689 And if you're gonna do that, don't bother tracking whether they get ran 735 00:35:36,694 --> 00:35:39,600 leaving your review or not, but do send them an email reminding them 736 00:35:39,600 --> 00:35:41,279 that they got a discount for a review. 737 00:35:41,279 --> 00:35:45,509 But you know, slapping your customer's knuckles for not having the time 738 00:35:45,509 --> 00:35:48,839 to put a review when you gave them some money off is not a good idea. 739 00:35:49,410 --> 00:35:52,109 I feel that at times of stress and everyone's tired 740 00:35:52,109 --> 00:35:52,979 like they are at the moment. 741 00:35:53,339 --> 00:35:56,149 It sounds obvious, but it needs to be said sometimes. 742 00:35:56,339 --> 00:35:57,209 Matt Edmundson: It it does. 743 00:35:57,209 --> 00:35:57,509 It does. 744 00:35:57,959 --> 00:35:58,200 Yeah. 745 00:35:58,200 --> 00:36:02,040 We don't need to police this, uh, to the crazy levels sometimes. 746 00:36:02,100 --> 00:36:02,609 Um, 747 00:36:05,850 --> 00:36:09,750 Okay, so question, another question here. 748 00:36:09,839 --> 00:36:10,259 Chloe. 749 00:36:10,290 --> 00:36:12,359 Tips for selling after Black Friday. 750 00:36:14,924 --> 00:36:18,765 , Chloe Thomas: all the normal stuff, guys, , all the normal stuff. 751 00:36:19,395 --> 00:36:24,375 Um, it's, I think this is one of the things which people who are newer to 752 00:36:24,379 --> 00:36:28,334 the industry get that kind of fear of, Oh my God, the customers will, 753 00:36:28,395 --> 00:36:31,665 will remember it was 20% off on Friday and they won't buy it on Monday. 754 00:36:32,595 --> 00:36:35,625 As a human being in your own buying, have you ever done that? 755 00:36:35,685 --> 00:36:36,194 No. 756 00:36:36,705 --> 00:36:38,625 , you've just gone, I'll just buy it on Monday. 757 00:36:38,924 --> 00:36:41,805 So business carries on as normal post Black Friday. 758 00:36:41,805 --> 00:36:45,765 But the good, the, the great thing is you should have some fresh buyers, 759 00:36:46,095 --> 00:36:50,325 maybe first time buyers, second time buyers, third time buyers who want 760 00:36:50,325 --> 00:36:54,075 and are ready to buy from you, who are having that good experience. 761 00:36:54,555 --> 00:36:56,745 So the first thing, I guess is make sure they have a good 762 00:36:56,745 --> 00:36:59,354 experience from, from that sale. 763 00:36:59,354 --> 00:37:03,825 So the parcel arrives on time, customer services ready to help them with delivery 764 00:37:03,825 --> 00:37:05,444 if they need it, et cetera, et cetera. 765 00:37:05,805 --> 00:37:08,834 And then carry on with all the normal marketing that you would normally, 766 00:37:09,134 --> 00:37:10,785 that you do in the run up to Christmas. 767 00:37:11,625 --> 00:37:12,305 And it's. 768 00:37:12,839 --> 00:37:13,890 Simple and straightforward. 769 00:37:13,890 --> 00:37:14,730 Is that really? 770 00:37:15,120 --> 00:37:15,299 Yeah. 771 00:37:15,299 --> 00:37:16,410 By mis you think, Matt? 772 00:37:16,415 --> 00:37:17,490 Is that too obvious? 773 00:37:17,759 --> 00:37:18,231 Matt Edmundson: No, no, no. 774 00:37:18,236 --> 00:37:20,310 Obvious is good, Chloe obvious is good. 775 00:37:20,310 --> 00:37:22,740 And I, I do wanna jump in here a little bit and say, Listen, if 776 00:37:22,745 --> 00:37:23,910 you're on cohort, don't worry. 777 00:37:23,910 --> 00:37:27,629 We're recovering this, uh, in next month's sprint. 778 00:37:27,629 --> 00:37:31,799 So, uh, we are gonna, you know, how do you write your welcome sequences 779 00:37:31,830 --> 00:37:34,890 and all that sort of stuff for your new customers post Black Friday. 780 00:37:35,400 --> 00:37:37,830 Um, but yeah, I think you're totally right. 781 00:37:37,830 --> 00:37:40,770 I think it's, it's all the straightforward, normal 782 00:37:40,770 --> 00:37:41,670 stuff is just do it. 783 00:37:41,670 --> 00:37:45,870 Well just treat people how you want to be treated and they'll keep coming back. 784 00:37:45,870 --> 00:37:51,145 Now you are gonna have some people who are, um, How can I call 'em? 785 00:37:51,145 --> 00:37:52,004 They're just the bargain hunters. 786 00:37:52,004 --> 00:37:53,355 They're just out for the bargain. 787 00:37:53,384 --> 00:37:55,694 They're gonna buy cuz it was super cheap or whatever. 788 00:37:55,964 --> 00:37:59,024 And after that they almost become a waste of space. 789 00:37:59,265 --> 00:37:59,895 That's fine. 790 00:38:00,254 --> 00:38:02,205 Just take 'em off your email list and leave 'em alone. 791 00:38:02,535 --> 00:38:04,274 They might come back black next Black Friday. 792 00:38:04,424 --> 00:38:05,955 Uh, and that's okay. 793 00:38:05,955 --> 00:38:06,375 You know, 794 00:38:07,095 --> 00:38:12,044 Chloe Thomas: the one thing I would do is I would have some postcards 795 00:38:12,044 --> 00:38:18,194 printed or some a five flyers that have a, an incentive to buy 796 00:38:18,200 --> 00:38:21,464 before Christmas that goes in all those parcels of the Black Friday. 797 00:38:21,975 --> 00:38:22,995 Um, lot. 798 00:38:23,355 --> 00:38:23,475 Yeah. 799 00:38:23,475 --> 00:38:27,165 It might be a free delivery on your next order or a, uh, you know, a 800 00:38:27,165 --> 00:38:29,385 free upgrade to Speedy Delivery. 801 00:38:29,385 --> 00:38:32,985 Or it might be a, here's five pounds off your next order. 802 00:38:32,985 --> 00:38:35,415 That looks like a fiver or something. 803 00:38:36,135 --> 00:38:42,195 But just to put that in there, to kind of, as they open it, they go, Oh yeah, I could 804 00:38:42,195 --> 00:38:43,845 buy more before Christmas, couldn't I? 805 00:38:43,845 --> 00:38:47,565 Just to remind them that they don't have to forget about you until January. 806 00:38:47,895 --> 00:38:50,715 They could do something that's got your last order dates for Christmas 807 00:38:50,715 --> 00:38:52,125 delivery and that sort of thing on it. 808 00:38:52,125 --> 00:38:55,635 And any key messages, you know, if you, if you find the Black Friday, people are 809 00:38:55,640 --> 00:38:57,405 mainly buying for themselves point out. 810 00:38:57,675 --> 00:38:59,115 You can do gift deliveries. 811 00:38:59,115 --> 00:38:59,175 Yeah. 812 00:38:59,175 --> 00:39:01,845 If you do gift deliveries and, and things like that. 813 00:39:01,845 --> 00:39:06,435 So a, a visual reminder in that unboxing experience that you are 814 00:39:06,435 --> 00:39:11,925 allowed to buy again from me this year is, um, a very, very cheap and 815 00:39:11,925 --> 00:39:13,755 highly cost effective marketing. 816 00:39:14,850 --> 00:39:15,450 Matt Edmundson: Very good. 817 00:39:15,480 --> 00:39:16,980 Very true as well. 818 00:39:17,250 --> 00:39:17,610 Very, very. 819 00:39:17,610 --> 00:39:18,060 I like that. 820 00:39:18,060 --> 00:39:18,840 Put it in the box. 821 00:39:18,840 --> 00:39:19,800 Let them know it's fine. 822 00:39:20,160 --> 00:39:23,850 I saw IKEA do this once, uh, really well, not online. 823 00:39:24,300 --> 00:39:29,760 Uh, but I, I remember a couple years ago they did this offer where if you bought 824 00:39:29,760 --> 00:39:33,330 a Christmas tree from them, and I can't remember the price of the Christmas tree, 825 00:39:33,330 --> 00:39:35,070 let's say it was like 70 bucks, right? 826 00:39:35,640 --> 00:39:40,830 If you bought the Christmas tree off them for 70 bucks, they gave you a 827 00:39:40,835 --> 00:39:45,000 70, uh, pound gift voucher, right? 828 00:39:45,005 --> 00:39:46,890 You kind of think, Well, I've got a free Christmas tree. 829 00:39:47,490 --> 00:39:52,170 But of course the gift voucher had to be used between, you know, 2:36 PM 830 00:39:52,170 --> 00:39:57,550 and 4:32 PM on whichever day they had their slowest sales throughout the year. 831 00:39:57,550 --> 00:39:59,640 I mean, there was, I mean, it wasn't quite that bad, but there were some 832 00:39:59,640 --> 00:40:01,020 strict terms and conditions with it. 833 00:40:01,830 --> 00:40:04,560 Um, and you can do things like. 834 00:40:05,160 --> 00:40:05,910 That. 835 00:40:06,300 --> 00:40:09,060 And we, we've done it in the past where it's like, well this is really clever. 836 00:40:09,060 --> 00:40:13,590 If you spend this, we will give you this sort of obscene amount of money in 837 00:40:13,840 --> 00:40:17,760 a gift voucher if you spend it between here and here and this time or that time. 838 00:40:18,270 --> 00:40:21,810 Um, and I've seen gifts with purchase work really well with this as well. 839 00:40:21,810 --> 00:40:29,310 So it's like if you buy from us before Christmas, um, then, uh, this gift 840 00:40:29,310 --> 00:40:31,200 voucher entitles you to get this. 841 00:40:31,440 --> 00:40:34,080 We did it with candles cuz candles were easy and everyone wants 842 00:40:34,080 --> 00:40:35,400 a candle at Christmas, right? 843 00:40:35,460 --> 00:40:35,550 Mm-hmm. 844 00:40:36,000 --> 00:40:38,430 , uh, the candles were sold on the site for like 30 bucks. 845 00:40:38,640 --> 00:40:39,440 I can't remember what it was. 846 00:40:39,440 --> 00:40:40,380 It was like 22, actually. 847 00:40:40,380 --> 00:40:41,520 22 pounds, something like that. 848 00:40:42,030 --> 00:40:44,280 Um, but we were like, If you use this gift voucher, we'll send you a 849 00:40:44,285 --> 00:40:46,020 candle free of charge with any order. 850 00:40:46,410 --> 00:40:49,920 Um, and they're like, But the candle's worth 22 pounds. 851 00:40:49,920 --> 00:40:52,230 I could buy something for 10 pounds and get a candle for 22 pounds. 852 00:40:52,235 --> 00:40:53,040 Yes, you could. 853 00:40:53,220 --> 00:40:55,560 I don't think you, I mean, there was maybe one or two people that 854 00:40:55,620 --> 00:40:56,820 the majority of people didn't. 855 00:40:57,480 --> 00:41:00,360 And um, and that worked really, really well as well. 856 00:41:00,390 --> 00:41:03,530 So yeah, those sort of added value things, I think work. 857 00:41:04,485 --> 00:41:05,445 Work insanely well. 858 00:41:06,075 --> 00:41:10,185 Chloe Thomas: Free Gifts are hugely powerful when you get the free gift right 859 00:41:10,185 --> 00:41:12,015 and when you buy the free gift, right? 860 00:41:12,015 --> 00:41:12,495 Mm-hmm. 861 00:41:13,115 --> 00:41:17,475 . So a free gift, you are in control of how much it's costing you. 862 00:41:17,585 --> 00:41:18,025 Mm-hmm. 863 00:41:18,031 --> 00:41:19,065 , which is awesome. 864 00:41:19,835 --> 00:41:24,945 Um, so the, so on that side of it, make sure it fits in your normal parcels. 865 00:41:25,185 --> 00:41:28,005 Cause you, it's not incredibly heavy either cuz that's 866 00:41:28,005 --> 00:41:29,085 gonna cost you more money. 867 00:41:29,175 --> 00:41:29,445 Yeah. 868 00:41:29,535 --> 00:41:31,515 You don't want some causes more delivery problems. 869 00:41:31,515 --> 00:41:34,125 So if your parcels usually go through the letter box, don't get 870 00:41:34,125 --> 00:41:38,385 a free gift that's the size of a mug, cuz that's gonna be a problem. 871 00:41:38,475 --> 00:41:41,685 Yeah, I know it worked for sports Direct, it's not gonna work for everybody. 872 00:41:41,895 --> 00:41:42,015 Yeah. 873 00:41:42,045 --> 00:41:44,925 Um, then you and you buy it. 874 00:41:44,925 --> 00:41:48,525 Well, so like a free gift if you, if it's should, should only 875 00:41:48,525 --> 00:41:49,965 cost you a couple of pounds. 876 00:41:50,145 --> 00:41:50,265 Yeah. 877 00:41:50,325 --> 00:41:52,065 Like literally one or two pounds. 878 00:41:52,245 --> 00:41:56,085 Find something really low cost so you are totally in control 879 00:41:56,265 --> 00:41:57,555 of how much that's costing you. 880 00:41:58,215 --> 00:42:03,660 And then, A free gift, like your candle mat should be something which 881 00:42:03,660 --> 00:42:06,090 can be re-gifted really easily. 882 00:42:06,090 --> 00:42:08,070 It's like a vanilla product. 883 00:42:08,490 --> 00:42:11,970 Anyone is interested you, you know, it's one of those things which you 884 00:42:11,970 --> 00:42:15,450 stash in the bottom drawer for when you've forgotten someone's birthday. 885 00:42:16,140 --> 00:42:21,240 Um, you know, it's back when I worked for PAs, it was stuff like draw liners 886 00:42:21,570 --> 00:42:26,700 and uh, pori and things like, it was just that really vanilla, Oh God, 887 00:42:26,700 --> 00:42:28,000 it's the mother-in-law's birthday. 888 00:42:28,005 --> 00:42:33,270 What am I gonna give to her type scenario Or that can be self used for yourself. 889 00:42:33,270 --> 00:42:38,430 So bath salts, um, candles, note look cards. 890 00:42:38,790 --> 00:42:41,800 I'm probably dating myself with my past times knowledge here. 891 00:42:41,805 --> 00:42:48,040 But, um, yeah, those sort of things or socks or hand warmers or, you know, yeah. 892 00:42:48,045 --> 00:42:52,230 All these things which can be used or can be regifted so the person's 893 00:42:52,235 --> 00:42:53,670 not going, Oh, but I don't want that. 894 00:42:54,300 --> 00:42:54,930 They're going. 895 00:42:55,995 --> 00:42:59,175 Or I could use that, or I could give it to X, Y, or Z person. 896 00:42:59,295 --> 00:43:00,645 So it's useful to them. 897 00:43:00,645 --> 00:43:02,685 Otherwise it's got, you know, no power at all. 898 00:43:02,685 --> 00:43:09,885 So yeah, cheap universal appeal and fits in the parcel and then go for it. 899 00:43:10,725 --> 00:43:12,015 Matt Edmundson: I like that fits in the parcel. 900 00:43:12,015 --> 00:43:12,885 The amount of times we've. 901 00:43:14,135 --> 00:43:15,725 Yeah, it's so easily done. 902 00:43:15,725 --> 00:43:18,755 We've, and you, you did, you've got this great offer, this give with 903 00:43:18,755 --> 00:43:22,835 purchase and you go, Oh bugger, this doesn't fit in this LA box. 904 00:43:23,105 --> 00:43:25,385 I now need a new box to go. 905 00:43:25,775 --> 00:43:26,345 Ah. 906 00:43:27,335 --> 00:43:30,035 Chloe Thomas: And he's gone off a bracket in the postage pricing 907 00:43:30,035 --> 00:43:31,625 and it just like, Oh, it costs 908 00:43:31,625 --> 00:43:33,395 Matt Edmundson: me, you know, whatever, a buck to buy it. 909 00:43:33,395 --> 00:43:37,055 But it's like 14,000 pounds to ship the blinking thing. 910 00:43:37,775 --> 00:43:38,705 I'm never doing that again. 911 00:43:39,395 --> 00:43:41,255 And that was always, that was one of the things actually 912 00:43:41,260 --> 00:43:42,215 we learned with the candles. 913 00:43:42,275 --> 00:43:44,855 Uh, you know, we gave decent size candles the first year and we're 914 00:43:44,855 --> 00:43:45,815 like, We're not doing that again. 915 00:43:45,815 --> 00:43:47,195 Cuz they weigh an absolute ton. 916 00:43:47,435 --> 00:43:51,245 So we, you go with the smaller ones and Okay, now that makes a bit more sense. 917 00:43:51,905 --> 00:43:53,345 Um, so these things you learn 918 00:43:54,995 --> 00:43:57,245 Chloe Thomas: and hopefully we are fast tracking that for everyone 919 00:43:57,250 --> 00:43:59,555 listening a little bit anyway. 920 00:43:59,615 --> 00:43:59,795 Yeah, 921 00:43:59,800 --> 00:44:00,395 Matt Edmundson: absolutely. 922 00:44:01,595 --> 00:44:03,005 Um, next question. 923 00:44:03,295 --> 00:44:06,635 Do you treat Black Friday differently to Cyber Monday? 924 00:44:09,815 --> 00:44:11,965 Chloe Thomas: Depends on what your objectives are. 925 00:44:12,795 --> 00:44:16,395 And how much time and effort you have within your business. 926 00:44:17,085 --> 00:44:21,585 Um, if you've got, if you're running, you know, promos that run 927 00:44:21,585 --> 00:44:24,675 on specific product lines and you're gonna try and keep it interesting. 928 00:44:24,675 --> 00:44:25,905 So you've got a lot of stock to clear. 929 00:44:25,905 --> 00:44:31,545 So, you know, like day one is product X, day two is product y, 930 00:44:31,575 --> 00:44:33,795 day three is Product Z and so forth. 931 00:44:34,155 --> 00:44:36,435 Then yeah, you're gonna be promoting a different product, moving it 932 00:44:36,435 --> 00:44:40,125 onto the homepage, focusing on that landing page, et cetera, to clear it. 933 00:44:40,125 --> 00:44:42,555 So you might cycle through offers in that way. 934 00:44:42,915 --> 00:44:45,915 Uh, you might change the banner on the homepage to switch it from 935 00:44:45,915 --> 00:44:47,835 Black Friday to Cyber Monday. 936 00:44:48,255 --> 00:44:51,525 Um, and you probably change the messaging in the emails. 937 00:44:51,585 --> 00:44:53,595 Do you need to run a totally separate promotion? 938 00:44:53,925 --> 00:44:54,255 No. 939 00:44:54,885 --> 00:44:56,115 Be kind to yourself. 940 00:44:56,565 --> 00:45:01,155 Um, , you know, fundamentally change a couple of graphics. 941 00:45:02,445 --> 00:45:05,355 You've gotta create a different email anyway, but don't feel 942 00:45:05,355 --> 00:45:08,445 like you need to come up with a whole raft of different deals. 943 00:45:08,465 --> 00:45:08,955 Yeah. 944 00:45:08,955 --> 00:45:13,215 You know, or, or you might do, you might have something in your back pocket, which 945 00:45:13,215 --> 00:45:16,695 is, if we've not cleared as much stock as we wanted to, or the sales haven't 946 00:45:16,700 --> 00:45:22,815 come in on Monday, we'll add a extra five pound off or an extra free delivery. 947 00:45:22,815 --> 00:45:24,855 Or an extra free gift Yeah. 948 00:45:24,855 --> 00:45:28,185 To every order just to get those who are sitting on the fence to move off. 949 00:45:28,185 --> 00:45:28,815 But no, you don't. 950 00:45:28,815 --> 00:45:31,215 You can do a Black Friday, Cyber Monday event, you can just do a 951 00:45:31,215 --> 00:45:34,095 Black Friday event and just have it lasting as long as you want. 952 00:45:34,485 --> 00:45:34,634 Yeah. 953 00:45:34,634 --> 00:45:36,615 It's your, your event. 954 00:45:36,945 --> 00:45:37,365 Do what you 955 00:45:37,365 --> 00:45:37,634 need to do. 956 00:45:38,174 --> 00:45:38,835 Matt Edmundson: Exactly. 957 00:45:39,015 --> 00:45:39,674 Exactly. 958 00:45:39,765 --> 00:45:40,904 Very good point. 959 00:45:40,965 --> 00:45:41,745 Very good point. 960 00:45:42,825 --> 00:45:46,815 So, I mean, not like for five hours, but Fair enough. 961 00:45:47,535 --> 00:45:54,165 So the, um, so be kind to yourself I thought was top advice, Right? 962 00:45:54,195 --> 00:45:58,035 Uh, uh, during this crazy busy period for me, Black Friday. 963 00:45:58,215 --> 00:45:58,665 Um. 964 00:46:00,180 --> 00:46:03,750 I think of it now as a two week event rather than just a one off event. 965 00:46:03,810 --> 00:46:06,810 And we, we plan for Black Friday according leads. 966 00:46:06,810 --> 00:46:10,319 It's like the week before and the week after, and we have to think about these 967 00:46:10,319 --> 00:46:14,310 sort of two weeks, um, rather than just thinking about Friday and Monday. 968 00:46:14,549 --> 00:46:17,490 Uh, for me, I, I, I do like to think of it as a much bigger thing. 969 00:46:19,109 --> 00:46:20,399 So here's a question. 970 00:46:20,399 --> 00:46:23,490 What are , So I've not actually read this question, but I should 971 00:46:23,490 --> 00:46:26,370 have read it before it came on , um, before I had the record one. 972 00:46:26,549 --> 00:46:30,870 What are some of the worst Black Friday fails you have seen? 973 00:46:32,490 --> 00:46:35,310 Chloe Thomas: Ah, I mean, there's, there's no one who specifically comes to mind. 974 00:46:35,310 --> 00:46:35,549 Okay. 975 00:46:35,549 --> 00:46:39,990 So I'm not naming and shaming here, but the ones that make my heart sink 976 00:46:40,049 --> 00:46:47,040 is when I see a, we've taken 40% off everything , and you're like, unless 977 00:46:47,040 --> 00:46:53,745 you are this close to going under, , there is no excuse for doing that. 978 00:46:53,745 --> 00:46:55,125 It's a bad idea. 979 00:46:55,125 --> 00:46:59,955 Yeah, because you will have some stock that you've got like three months coverage 980 00:46:59,955 --> 00:47:03,134 of, and some stock you've got one week's coverage of, and some stock you've 981 00:47:03,535 --> 00:47:07,875 accidentally got 12 months coverage of, you know, So the discount level shouldn't 982 00:47:07,875 --> 00:47:09,645 be the same across everything else. 983 00:47:09,674 --> 00:47:12,615 You know, which products you wanna clear, which ones you don't want to 984 00:47:12,620 --> 00:47:16,995 clear, you know, um, you know which customers you want to give the best 985 00:47:16,995 --> 00:47:21,225 offers to, or you, maybe you're in a big acquisition, so it is gonna be something 986 00:47:21,225 --> 00:47:22,754 that's, you know, open to everybody. 987 00:47:23,115 --> 00:47:26,444 But yeah, 40% of everything, not a good idea. 988 00:47:26,475 --> 00:47:29,774 The other one, which I've seen, I can't remember who did this, but someone did 989 00:47:29,774 --> 00:47:37,214 this, is they, they closed their website for the day as an anti-Black Friday piece. 990 00:47:37,935 --> 00:47:38,495 Matt Edmundson: Oh yeah. 991 00:47:38,495 --> 00:47:40,214 Ray, the outdoor clothing brand. 992 00:47:40,785 --> 00:47:43,694 And it just had the notice, didn't it, saying We're outdoors, 993 00:47:43,785 --> 00:47:44,805 Why don't you come and join us? 994 00:47:45,720 --> 00:47:46,050 Chloe Thomas: Yeah. 995 00:47:46,470 --> 00:47:48,210 It wasn't them, but that's a really good one. 996 00:47:48,360 --> 00:47:48,390 Okay. 997 00:47:48,390 --> 00:47:50,820 There was someone else who'd done something very similar and it's like 998 00:47:50,880 --> 00:47:57,270 you just destroyed your SEO and all your links and created a whole pile of work. 999 00:47:57,480 --> 00:47:57,600 Mm-hmm. 1000 00:47:58,020 --> 00:48:01,710 , you know, by all means, say if have a big banner that goes, We are 1001 00:48:01,710 --> 00:48:03,660 not doing any Black Friday deals. 1002 00:48:04,230 --> 00:48:07,140 Um, but don't, don't shut the website. 1003 00:48:07,145 --> 00:48:07,920 That's just silly. 1004 00:48:08,000 --> 00:48:08,480 Yeah. 1005 00:48:08,480 --> 00:48:11,520 And it will pay, It won't pay you, pay you back. 1006 00:48:11,670 --> 00:48:13,920 It will be a plane in the net, in the neck. 1007 00:48:13,920 --> 00:48:16,710 You'll be going, Oh, well, our Google traffic's disappeared. 1008 00:48:17,010 --> 00:48:17,730 Yes, it has. 1009 00:48:18,030 --> 00:48:21,450 And then someone will have forgotten to turn off the ad spend, so you'll 1010 00:48:21,450 --> 00:48:24,660 have spent a load of money sending people to a landing page that will 1011 00:48:24,660 --> 00:48:28,470 have an impact on your algorithmic performance in your ad campaigns as well. 1012 00:48:28,470 --> 00:48:29,670 Is just, Yeah. 1013 00:48:29,880 --> 00:48:30,750 Don't, don't do. 1014 00:48:31,575 --> 00:48:34,695 And to be honest, if you wanna take a stand against Black Friday, do 1015 00:48:34,695 --> 00:48:37,515 something like, we're not running Black Friday, but we're gonna plant 1016 00:48:37,515 --> 00:48:39,225 a tree for everyone who orders today. 1017 00:48:39,445 --> 00:48:39,645 Mm-hmm. 1018 00:48:39,725 --> 00:48:43,065 . Or if you've got a high aov, we're gonna, you know, for every 10 orders we get, 1019 00:48:43,070 --> 00:48:44,985 we're gonna save an acre of rainforest. 1020 00:48:45,705 --> 00:48:47,805 You know, do something like that. 1021 00:48:47,805 --> 00:48:49,875 Or we're gonna give money to local food bank. 1022 00:48:50,595 --> 00:48:53,645 Do something more interesting than just going, We're not, Yeah. 1023 00:48:53,650 --> 00:48:57,015 If you are gonna make a point of not, if you're just gonna carry on 1024 00:48:57,015 --> 00:48:58,965 as per normal, that's totally cool. 1025 00:48:58,965 --> 00:49:02,235 But if you're gonna go, We're not doing Black Friday stays, There's no discount. 1026 00:49:02,625 --> 00:49:03,915 Do something good. 1027 00:49:04,290 --> 00:49:05,640 Instead of discounts. 1028 00:49:05,709 --> 00:49:05,910 Matt Edmundson: Yeah. 1029 00:49:05,970 --> 00:49:06,240 Yeah. 1030 00:49:06,240 --> 00:49:06,450 Come. 1031 00:49:06,569 --> 00:49:06,899 Yeah. 1032 00:49:06,899 --> 00:49:07,470 I like that. 1033 00:49:07,649 --> 00:49:10,620 I like that we, we often talk about promoting charity. 1034 00:49:10,770 --> 00:49:13,020 You know, if you're gonna not do Black Friday, just use it as an 1035 00:49:13,020 --> 00:49:14,549 opportunity to promote charity. 1036 00:49:14,779 --> 00:49:15,270 Yeah. 1037 00:49:15,274 --> 00:49:18,029 Um, and, and, you know, help, help some good causes. 1038 00:49:18,029 --> 00:49:18,509 Why not? 1039 00:49:18,600 --> 00:49:21,089 You know, the world needs everyone to help out. 1040 00:49:21,089 --> 00:49:24,959 So, um, so that's, that was one question. 1041 00:49:24,959 --> 00:49:27,299 So what are some of the worst Black Friday fair You've seen? 1042 00:49:27,419 --> 00:49:31,259 And I would agree right, the, the 40% offsite wide thing I just think is lazy. 1043 00:49:31,410 --> 00:49:32,310 It's just lazy. 1044 00:49:33,209 --> 00:49:33,479 Yeah. 1045 00:49:33,479 --> 00:49:35,759 It's just lazy marketing and it's, it's just like, ugh. 1046 00:49:36,810 --> 00:49:39,089 Although I am personally quite tempted to buy that 1047 00:49:40,799 --> 00:49:41,069 Chloe Thomas: Yeah. 1048 00:49:41,069 --> 00:49:43,109 I will take advantage of your stupidity 1049 00:49:45,000 --> 00:49:45,870 Matt Edmundson: if that's what you want. 1050 00:49:45,870 --> 00:49:47,069 I'm, I'm, I'm all for it. 1051 00:49:47,229 --> 00:49:47,589 Yeah. 1052 00:49:47,595 --> 00:49:48,029 Chloe Thomas: I'm there. 1053 00:49:48,209 --> 00:49:48,359 I'm 1054 00:49:48,359 --> 00:49:48,720 Matt Edmundson: there. 1055 00:49:49,169 --> 00:49:49,709 Yeah. 1056 00:49:49,770 --> 00:49:51,149 So I, No, I agree. 1057 00:49:51,270 --> 00:49:52,350 I, I agree with you. 1058 00:49:52,350 --> 00:49:56,910 Some of the other things that I've seen, which just in just beggar's 1059 00:49:56,910 --> 00:50:01,259 belief, things like, um, you know, where they've put an offer. 1060 00:50:01,785 --> 00:50:04,485 Uh, for a product which they don't actually have in stock. 1061 00:50:05,895 --> 00:50:06,255 Yeah. 1062 00:50:06,755 --> 00:50:08,835 Why, why, why, why, why, why? 1063 00:50:08,835 --> 00:50:09,615 I can't buy it. 1064 00:50:10,245 --> 00:50:11,745 Email me when it's back in stock. 1065 00:50:11,745 --> 00:50:14,445 No, but today is the day I get the 40% off. 1066 00:50:14,445 --> 00:50:15,799 Why can I not buy this now? 1067 00:50:16,400 --> 00:50:16,740 Chloe Thomas: Exactly. 1068 00:50:16,755 --> 00:50:19,935 If you are gonna put products up that you think might go out of stock 1069 00:50:19,935 --> 00:50:24,195 during the day, then you need someone there ready to shift that product down 1070 00:50:24,195 --> 00:50:27,315 the page, remove it from the Black Friday deal, put something else in. 1071 00:50:27,735 --> 00:50:31,515 If you're doing that, do not send out an email that details the products. 1072 00:50:31,725 --> 00:50:34,755 Send out an email that says CR Black Friday offers on our 1073 00:50:34,755 --> 00:50:36,315 special Black Friday offer page. 1074 00:50:36,375 --> 00:50:36,495 Mm-hmm. 1075 00:50:36,535 --> 00:50:36,855 . Mm-hmm. 1076 00:50:36,861 --> 00:50:40,275 . That just, that's where the one source of information is. 1077 00:50:40,405 --> 00:50:45,645 It's, you know, it's depressing all year round to see outta stock 1078 00:50:45,650 --> 00:50:47,115 product at the top of a page. 1079 00:50:47,505 --> 00:50:51,795 It's even more depressing on Black Friday when you and your team 1080 00:50:51,795 --> 00:50:53,505 are put in a load of work Yeah. 1081 00:50:53,505 --> 00:50:59,175 To try and sell stuff and then you've put the wrong product or you put Yeah. 1082 00:50:59,445 --> 00:50:59,935 Yeah. 1083 00:51:01,350 --> 00:51:05,790 Matt Edmundson: There is something, um, that I call the mum test. 1084 00:51:06,060 --> 00:51:09,930 And this is where whenever we put together our landing pages or our 1085 00:51:09,930 --> 00:51:12,750 offers, I'll send them to my mum and I'll say, Mum, do me a favor. 1086 00:51:12,870 --> 00:51:14,490 Buy this and tell me what you think. 1087 00:51:15,150 --> 00:51:16,110 Just to see if she can do it. 1088 00:51:16,140 --> 00:51:17,640 Cuz my mum, God love her. 1089 00:51:17,640 --> 00:51:19,890 She's not the most technically smart person in the world. 1090 00:51:20,010 --> 00:51:22,770 Um, but she's, she's a beautiful person, right? 1091 00:51:22,770 --> 00:51:25,560 So, you know, she has giftings in other areas, let's put it that way. 1092 00:51:25,560 --> 00:51:27,810 She makes a mean Sunday roast. 1093 00:51:28,260 --> 00:51:35,370 Now, the reason we do this is because the amount of times we've come to 1094 00:51:35,370 --> 00:51:39,630 Black Friday and something doesn't work because it's not been tested 1095 00:51:39,630 --> 00:51:42,220 thoroughly or properly is unbelievable. 1096 00:51:42,240 --> 00:51:42,660 Right? 1097 00:51:42,900 --> 00:51:45,960 And so these are, I don't think they're the worst Black Friday fails, 1098 00:51:45,965 --> 00:51:49,020 but they are, The common Black Friday fails is actually, there's just 1099 00:51:49,025 --> 00:51:52,650 not been enough adequate testing done on the offers that you've got. 1100 00:51:53,190 --> 00:51:55,380 And it just, for whatever reason, doesn't work. 1101 00:51:55,410 --> 00:51:59,640 And the, and the poor boys and girls sat there and customer service are just going. 1102 00:52:01,800 --> 00:52:04,800 Chloe Thomas: Like, like a voucher code that only works with caps 1103 00:52:04,800 --> 00:52:07,740 lock on . That's when that happen. 1104 00:52:08,850 --> 00:52:13,320 Um, a voucher code where there's lots of zeros and and os Yeah. 1105 00:52:13,325 --> 00:52:15,060 And no one's quite sure which one you put 1106 00:52:15,060 --> 00:52:17,120 Matt Edmundson: in os and ones Yeah. 1107 00:52:17,120 --> 00:52:17,200 Yeah. 1108 00:52:17,200 --> 00:52:18,120 And all that sort of stuff. 1109 00:52:18,120 --> 00:52:18,900 You Oh, come on. 1110 00:52:18,900 --> 00:52:19,260 Chloe Thomas: Yeah. 1111 00:52:19,260 --> 00:52:23,910 And all those kind of bits or, uh, you've created some smart links. 1112 00:52:24,120 --> 00:52:24,900 Clever idea. 1113 00:52:24,900 --> 00:52:27,570 You can track it all, but no one checked the smart links. 1114 00:52:28,380 --> 00:52:29,100 Um. 1115 00:52:30,735 --> 00:52:32,415 So many things. 1116 00:52:32,415 --> 00:52:32,695 It's just 1117 00:52:32,695 --> 00:52:34,155 Matt Edmundson: All the fundamentals, isn't it? 1118 00:52:34,155 --> 00:52:37,605 All the basics that people just forget because life is 1119 00:52:37,605 --> 00:52:40,155 so busy around Black Friday. 1120 00:52:40,875 --> 00:52:41,115 Um, 1121 00:52:41,125 --> 00:52:42,326 Chloe Thomas: but oh, because you, you've done it a hundred 1122 00:52:42,331 --> 00:52:44,235 times this year, so it'll be fine. 1123 00:52:44,325 --> 00:52:45,825 And then you're like, Oh dear. 1124 00:52:46,125 --> 00:52:46,305 Matt Edmundson: No. 1125 00:52:46,305 --> 00:52:49,725 And the one day isn't is Black Friday and you, Yeah. 1126 00:52:50,175 --> 00:52:51,195 You don't want that, do you? 1127 00:52:51,385 --> 00:52:52,125 You don't want that. 1128 00:52:52,125 --> 00:52:52,565 We've all 1129 00:52:52,565 --> 00:52:52,925 Chloe Thomas: done it. 1130 00:52:55,875 --> 00:53:01,935 , Matt Edmundson: uh, question I, uh, so internationally, um, so not just to 1131 00:53:01,940 --> 00:53:03,555 the UK but to international markets. 1132 00:53:03,585 --> 00:53:05,865 Does Black Friday work in international markets? 1133 00:53:05,925 --> 00:53:07,125 Should I do this internationally? 1134 00:53:08,745 --> 00:53:09,975 Chloe Thomas: Depends on the countries. 1135 00:53:10,365 --> 00:53:13,965 Um, I, I don't know if it works in all countries. 1136 00:53:13,965 --> 00:53:17,295 I would have a look at what your competitors in those countries are doing. 1137 00:53:17,655 --> 00:53:21,705 Fundamentally though, people like a discount, so I suspect 1138 00:53:21,705 --> 00:53:23,535 it will work to some extent. 1139 00:53:24,135 --> 00:53:25,455 Um, yeah. 1140 00:53:27,180 --> 00:53:30,240 Yeah, I wouldn't go to the effort of creating separate homepages, you know, 1141 00:53:30,240 --> 00:53:36,930 unless you are like 80% sales in country that hates Black Friday and 20% sales 1142 00:53:36,930 --> 00:53:41,669 in the uk, then I might do separate landing, you know, separate homepages. 1143 00:53:41,850 --> 00:53:43,710 But otherwise I'd just keep it simple. 1144 00:53:43,830 --> 00:53:44,730 Don't over complicate. 1145 00:53:44,734 --> 00:53:44,839 Yeah, 1146 00:53:45,450 --> 00:53:45,750 Matt Edmundson: yeah. 1147 00:53:45,779 --> 00:53:47,069 No, I'd agree totally. 1148 00:53:47,100 --> 00:53:49,830 I, I would assume it works since nationally and just like, 1149 00:53:49,830 --> 00:53:50,879 I would assume it works here. 1150 00:53:51,210 --> 00:53:52,080 Um, I dunno, it's not 1151 00:53:52,240 --> 00:53:55,830 Chloe Thomas: like, I mean, Mother's Day you have to care about, because 1152 00:53:55,830 --> 00:53:57,299 it happens on different days. 1153 00:53:57,359 --> 00:54:00,250 And yeah, people will go, Why are you sending me a Mother's Day 1154 00:54:00,256 --> 00:54:03,029 offer if you send it out at the wrong time to the wrong country? 1155 00:54:03,390 --> 00:54:03,660 Yeah. 1156 00:54:03,839 --> 00:54:04,890 This isn't Mother's Day. 1157 00:54:05,279 --> 00:54:07,770 Matt Edmundson: Yeah, not Mother's Day is not, and Father's Day 1158 00:54:07,770 --> 00:54:10,920 actually, the amount of people that write in and go, I hated my dad. 1159 00:54:11,040 --> 00:54:12,240 Why are you sending me this offer? 1160 00:54:12,620 --> 00:54:13,049 Oh yeah. 1161 00:54:13,620 --> 00:54:14,730 He was like, Oh, okay. 1162 00:54:15,150 --> 00:54:20,940 Anyway, maybe that's the subject for another podcast, , but yes, 1163 00:54:20,940 --> 00:54:23,850 uh, Black Friday's, Black Friday, all over the world, isn't it? 1164 00:54:23,850 --> 00:54:25,589 I'm just going down my questions here, Chloe. 1165 00:54:25,589 --> 00:54:28,350 I think we are all, Have we covered them all? 1166 00:54:28,500 --> 00:54:29,400 I think so. 1167 00:54:29,549 --> 00:54:35,940 Um, oh, one question here, someone sent in, uh, I'll let you answer this one. 1168 00:54:36,450 --> 00:54:39,660 Um, are you planning on buying anything this Black Friday? 1169 00:54:39,690 --> 00:54:43,560 Are you an avid Black Friday purchaser or are you too busy checking out 1170 00:54:43,560 --> 00:54:44,819 what everyone's doing to buy. 1171 00:54:46,050 --> 00:54:51,480 Chloe Thomas: I'm, I'm not, I, I , I tend to not buy anything on Black Friday 1172 00:54:51,480 --> 00:54:53,820 because I'm in the office for the day. 1173 00:54:53,850 --> 00:54:55,290 So I don't think of anything. 1174 00:54:55,295 --> 00:54:59,130 If I see any great software deals, I'm a sucker for a good software deal. 1175 00:54:59,640 --> 00:55:01,740 I may, um, I may spend on that. 1176 00:55:02,430 --> 00:55:09,540 Um, but I tend, I think thinking now, there's nothing on my list of things I 1177 00:55:09,540 --> 00:55:17,100 want to buy at the moment that I will be organized enough to buy on Black Friday. 1178 00:55:18,810 --> 00:55:20,610 there's nothing I've got like on a wait list. 1179 00:55:20,610 --> 00:55:23,610 There's, I won't be doing my Christmas shopping that week. 1180 00:55:24,330 --> 00:55:29,100 Um, yeah, I will just, I will mainly on Black Friday, I will mainly be 1181 00:55:29,100 --> 00:55:32,730 going, Gosh, I'm so glad I'm not running Black Friday marketing 1182 00:55:32,730 --> 00:55:35,070 campaigns , because I know. 1183 00:55:36,715 --> 00:55:41,565 Unbelievably hard work that is, so I will be trying to be very quiet 1184 00:55:41,565 --> 00:55:44,955 and not annoying my audience by giving them things to think about 1185 00:55:44,955 --> 00:55:49,605 when they've got far too much to do is to be paying attention to me. 1186 00:55:50,715 --> 00:55:52,185 Matt Edmundson: Yeah, I'm with you. 1187 00:55:52,190 --> 00:55:53,205 I'll be in the office. 1188 00:55:53,210 --> 00:55:56,385 We'll be working really hard on the e-commerce websites. 1189 00:55:56,805 --> 00:56:00,995 I, I tend to try and avoid, unless there's, I have a really specific 1190 00:56:01,000 --> 00:56:07,335 purchase, I tend not to browse Black Friday looking for bargains because I'm, 1191 00:56:08,175 --> 00:56:12,825 I'm a sucker impulse purchasing and so I'm gonna come home and smacked in the head 1192 00:56:12,825 --> 00:56:16,785 by my wife for spending way too much money on stuff that we didn't actually need. 1193 00:56:17,445 --> 00:56:21,495 Um, and so I, I've learned to safeguard myself and, and not, 1194 00:56:21,555 --> 00:56:22,875 uh, browse on Black Friday. 1195 00:56:22,875 --> 00:56:26,025 If there's something specific, which I don't think there is this year actually, 1196 00:56:26,445 --> 00:56:29,475 if there's something specific that I'm looking to buy, I might look at it. 1197 00:56:30,105 --> 00:56:34,530 Um, . But other than that, I, I personally am too focused in on, 1198 00:56:34,530 --> 00:56:39,480 on work and, uh, and, and try not to spend our hard earned money on 1199 00:56:39,480 --> 00:56:40,680 stuff that we don't actually need. 1200 00:56:41,820 --> 00:56:42,330 Chloe Thomas: Yeah. 1201 00:56:42,570 --> 00:56:42,870 Yeah. 1202 00:56:42,875 --> 00:56:45,540 That is, um, that's the thing. 1203 00:56:45,540 --> 00:56:47,790 It's like, I'm thinking there's not, there's nothing we really need at 1204 00:56:47,790 --> 00:56:51,180 the moment that I need to go, um, Black Friday crazy about, I mean, 1205 00:56:51,180 --> 00:56:54,780 I've gone Black Friday crazy in the past when it first started happening. 1206 00:56:54,780 --> 00:56:54,840 Matt Edmundson: Yeah. 1207 00:56:54,840 --> 00:56:55,620 We all did, didn't we? 1208 00:56:55,800 --> 00:56:59,060 What are some of the, uh, can I ask, what are some of the impulse purchases that you 1209 00:56:59,065 --> 00:57:00,240 made that you regretted on Black Friday? 1210 00:57:00,240 --> 00:57:01,260 Do you remember any of them? 1211 00:57:01,860 --> 00:57:02,430 I don't. 1212 00:57:03,240 --> 00:57:05,070 Chloe Thomas: Oh, can I remember any that I regret? 1213 00:57:06,180 --> 00:57:07,320 I don't think so. 1214 00:57:07,380 --> 00:57:11,790 I mean, like the, I clearly remember the back in, back in the early two 1215 00:57:12,220 --> 00:57:15,360 thousands, Amazon was d did kinda like countdowns to Christmas just before 1216 00:57:15,360 --> 00:57:19,500 Black Friday came here, and we would sit in the office and we all got utterly 1217 00:57:19,505 --> 00:57:21,420 obsessed with what Amazon was selling. 1218 00:57:21,840 --> 00:57:26,340 And I, I still have a, um, a ceramic black rotary watch. 1219 00:57:27,135 --> 00:57:29,475 That I bought, which, I mean, it's a lovely watch. 1220 00:57:29,535 --> 00:57:30,615 I don't wear black. 1221 00:57:30,765 --> 00:57:32,385 Didn't really wear black at the time. 1222 00:57:32,625 --> 00:57:33,735 Dunno why I bought it. 1223 00:57:34,185 --> 00:57:36,015 . Um, it's very shiny though. 1224 00:57:36,375 --> 00:57:37,755 It's quite nice and shiny. 1225 00:57:38,085 --> 00:57:42,165 But yeah, there's been, and I've come, come quite close 1226 00:57:42,170 --> 00:57:43,155 to buying some other things. 1227 00:57:43,160 --> 00:57:44,565 I don't, Yeah. 1228 00:57:45,705 --> 00:57:49,455 Oh, and a, a uh, a Sony MP3 player. 1229 00:57:49,605 --> 00:57:49,725 Oh. 1230 00:57:49,725 --> 00:57:54,525 They got a lot of use for a couple of years and then, um, I 1231 00:57:54,525 --> 00:57:55,425 don't even know where it is now. 1232 00:57:55,485 --> 00:57:56,145 You just don't need 1233 00:57:56,145 --> 00:57:56,775 Matt Edmundson: it anymore, do you? 1234 00:57:57,135 --> 00:58:00,405 Last year, I, I bought, and I know I bought it, uh, cause 1235 00:58:00,405 --> 00:58:01,665 it's still set on the cupboard. 1236 00:58:01,695 --> 00:58:05,925 I never, for whatever reason, I bought a Snow Globe bottle of gin, which 1237 00:58:05,925 --> 00:58:07,285 I thought make a great gift for. 1238 00:58:07,915 --> 00:58:08,335 Wow. 1239 00:58:08,335 --> 00:58:09,464 Dunno what I was thinking. 1240 00:58:09,794 --> 00:58:13,254 Dunno what I was thinking because the gin is awful. 1241 00:58:14,145 --> 00:58:14,694 , is it? 1242 00:58:14,845 --> 00:58:15,335 Yeah. 1243 00:58:15,765 --> 00:58:20,595 It's like, Oh, it was, I suckered in by the novelty factor. 1244 00:58:20,774 --> 00:58:24,285 Like here, Chloe, I have, I have a watch, which I've never really 1245 00:58:24,290 --> 00:58:27,345 worn because it looked better on the screen than it did on my wrist. 1246 00:58:27,734 --> 00:58:28,415 Uh, yeah. 1247 00:58:28,419 --> 00:58:29,294 And does this bit like, ugh. 1248 00:58:30,615 --> 00:58:32,444 So I had a little bit of buyer's remorse on that. 1249 00:58:32,444 --> 00:58:34,964 So there are definitely a few things that I've purchased on Black 1250 00:58:34,964 --> 00:58:37,575 Friday that I kind of went, Yeah, 1251 00:58:38,265 --> 00:58:39,134 Chloe Thomas: it's very easily done. 1252 00:58:39,134 --> 00:58:46,095 I mean, and not being to sound too, too soy, but I do, a little bit of 1253 00:58:46,095 --> 00:58:51,105 me goes co you're trying to help eCommerce businesses, so buying 1254 00:58:51,105 --> 00:58:54,734 when they've discounted to the max, probably the wrong thing to do. 1255 00:58:55,935 --> 00:58:57,174 Matt Edmundson: That's very true actually. 1256 00:58:57,174 --> 00:58:57,455 Yeah. 1257 00:58:57,455 --> 00:58:57,694 Yeah. 1258 00:58:57,694 --> 00:59:00,375 But remember a week later when their prices are back up to. 1259 00:59:01,004 --> 00:59:03,464 Chloe Thomas: Yeah, but then I also am like, Yeah, but it 1260 00:59:03,854 --> 00:59:05,134 discounts a discount, discounts. 1261 00:59:05,134 --> 00:59:05,475 Don't we all 1262 00:59:05,475 --> 00:59:06,825 Matt Edmundson: need to save the money, don't we? 1263 00:59:07,365 --> 00:59:08,504 Chloe Thomas: If they put it out there, 1264 00:59:08,984 --> 00:59:09,495 Matt Edmundson: Yeah. 1265 00:59:09,500 --> 00:59:09,615 Yeah. 1266 00:59:10,365 --> 00:59:11,145 They must be happy. 1267 00:59:11,504 --> 00:59:12,404 It's one of those, isn't it? 1268 00:59:12,404 --> 00:59:17,205 And I, wherever possible, and this is not me being moralistic, but 1269 00:59:17,205 --> 00:59:21,705 wherever possible, I will try and buy from a local, I won't say local, 1270 00:59:21,705 --> 00:59:25,064 I mean British based e-com website. 1271 00:59:25,064 --> 00:59:29,024 That's not Amazon, and that's not, you know, one of the big chains kind of 1272 00:59:29,024 --> 00:59:33,165 thing, because I like to, to support businesses like mine, if that makes sense. 1273 00:59:33,165 --> 00:59:35,805 So, um, I, I idealized to do that. 1274 00:59:35,805 --> 00:59:40,245 So if you can do that, buy for whatever country you are in and buy 1275 00:59:40,245 --> 00:59:43,875 off a smaller guy than Amazon and Walmart and all the big guys, right? 1276 00:59:43,875 --> 00:59:46,334 Just be different this Black Friday. 1277 00:59:46,395 --> 00:59:47,384 Just putting that out there. 1278 00:59:49,305 --> 00:59:51,555 Well, Chloe, I think we've got through all the questions. 1279 00:59:51,615 --> 00:59:56,805 Um, for those that don't already know, uh, that don't already 1280 00:59:56,805 --> 00:59:58,064 listen to the podcast, one. 1281 00:59:58,890 --> 01:00:02,580 , why not to, uh, you know, the four people on the planet that 1282 01:00:02,580 --> 01:00:04,140 don't actually know about you. 1283 01:00:04,140 --> 01:00:06,240 Chloe, how do people reach with you? 1284 01:00:06,240 --> 01:00:07,350 How do people connect with you? 1285 01:00:08,010 --> 01:00:08,340 Chloe Thomas: Cool. 1286 01:00:08,400 --> 01:00:11,580 So you can find everything I'm up to via e-commerce master 1287 01:00:11,580 --> 01:00:13,740 plan.com or find me on LinkedIn. 1288 01:00:13,740 --> 01:00:17,010 I'm, uh, Chloe Thomas, and you'll, you'll probably fail. 1289 01:00:17,910 --> 01:00:19,259 Fail to not find me. 1290 01:00:19,259 --> 01:00:21,540 If you search Chloe Thomas on LinkedIn, I'm quite easy to find. 1291 01:00:22,080 --> 01:00:25,770 Um, and, uh, I've got the two podcasts, e-Commerce Master Plan, which is an 1292 01:00:25,770 --> 01:00:29,790 interview with a different e-commerce, uh, person every Monday and keep 1293 01:00:29,790 --> 01:00:34,590 optimizing where we focus on a different marketing method for a month at time and 1294 01:00:34,650 --> 01:00:36,540 interview a different expert each week. 1295 01:00:36,840 --> 01:00:39,600 So, um, yeah, you can find that on all the user podcast players. 1296 01:00:39,600 --> 01:00:42,509 But eCommercemasterplan.com is where you'll find all the 1297 01:00:42,509 --> 01:00:43,680 details about everything. 1298 01:00:44,400 --> 01:00:45,000 Matt Edmundson: Absolutely. 1299 01:00:45,000 --> 01:00:46,399 And do check out Chloe's podcast. 1300 01:00:46,415 --> 01:00:47,190 It is great. 1301 01:00:47,610 --> 01:00:51,210 Uh, and you do, I mean, you do learn lots, which is, this is the whole point 1302 01:00:51,210 --> 01:00:52,150 of the whole thing, isn't it, really? 1303 01:00:52,150 --> 01:00:52,549 It is. 1304 01:00:53,130 --> 01:00:55,560 So, Chloe, thank you so much for being. 1305 01:00:56,325 --> 01:00:56,895 The show. 1306 01:00:56,895 --> 01:01:00,225 We will, of course, link to you and all your info in the show notes as 1307 01:01:00,225 --> 01:01:03,945 well, which you can get along, Uh, you can get on the website for free. 1308 01:01:04,335 --> 01:01:06,135 Uh, I've, I've just lost the ability to talk now. 1309 01:01:06,435 --> 01:01:09,125 Uh, eCommercepodcastnet. 1310 01:01:10,935 --> 01:01:12,405 Oh, it's descending quickly. 1311 01:01:12,675 --> 01:01:14,955 Uh, Chloe, I'm on that bombshell. 1312 01:01:14,960 --> 01:01:17,055 I think I'm gonna, I'm gonna read the sign out stuff. 1313 01:01:17,055 --> 01:01:18,255 So thank you for joining me. 1314 01:01:18,585 --> 01:01:21,315 Uh, you've been an absolute legend. 1315 01:01:21,975 --> 01:01:23,325 Chloe Thomas: Uh, it's been brilliant to be here. 1316 01:01:23,325 --> 01:01:27,075 I always love chatting with you, Matt, and, um, I think we've helped everyone a 1317 01:01:27,075 --> 01:01:27,285 Matt Edmundson: lot. 1318 01:01:27,884 --> 01:01:28,665 Yeah, absolutely. 1319 01:01:28,665 --> 01:01:29,355 We totally have. 1320 01:01:29,775 --> 01:01:30,944 So there you have it. 1321 01:01:31,065 --> 01:01:32,955 Uh, what a great conversation. 1322 01:01:32,984 --> 01:01:33,315 Huge. 1323 01:01:33,315 --> 01:01:35,265 Thanks again, Chloe, for joining me today. 1324 01:01:35,625 --> 01:01:40,665 And also don't forget to check out, uh, the show sponsor e-commercecohort.com, 1325 01:01:40,935 --> 01:01:44,295 uh, for this sort of more information about this new type of community, 1326 01:01:44,295 --> 01:01:46,575 which you can and probably should join. 1327 01:01:46,580 --> 01:01:47,595 If you're an eCommerce. 1328 01:01:47,955 --> 01:01:51,975 Uh, be sure to follow the eCommerce podcast as well as e-commerce master plan 1329 01:01:52,335 --> 01:01:56,325 wherever you get your podcast from because we've got lots of great conversations 1330 01:01:56,325 --> 01:01:57,615 lined up leading up to Christmas. 1331 01:01:57,620 --> 01:02:00,674 And I don't want to, I don't want you to miss a single one of them. 1332 01:02:01,005 --> 01:02:04,995 And in case no one has told you yet today, let me be the first person 1333 01:02:04,995 --> 01:02:07,055 to tell you, dear listener, you are. 1334 01:02:08,865 --> 01:02:09,795 Uh, yes you are. 1335 01:02:10,125 --> 01:02:13,605 Uh, the E-Commerce podcast is produced by Aurion Media. 1336 01:02:13,605 --> 01:02:17,715 You can find our entire archive of episodes on your favorite podcast app. 1337 01:02:18,105 --> 01:02:21,325 The team that makes this show possible is Sadaf Beynon, Josh Catchpole, 1338 01:02:21,350 --> 01:02:23,205 Estella Robin and Tim Johnson. 1339 01:02:23,715 --> 01:02:27,225 A theme song was written by Josh Edmundson and My Good Self. 1340 01:02:27,285 --> 01:02:31,065 And as I mentioned, if you would like to read the transcript or show notes, head 1341 01:02:31,065 --> 01:02:37,155 over to the website eCommercepodcast.net, where coincidentally you could also sign 1342 01:02:37,155 --> 01:02:42,015 up for our newsletter and get all of this good stuff delivered direct to your inbox 1343 01:02:42,015 --> 01:02:44,865 totally free, which is also amazing. 1344 01:02:45,195 --> 01:02:46,455 So that's it from me. 1345 01:02:46,455 --> 01:02:47,385 That's it from Chloe. 1346 01:02:47,385 --> 01:02:49,365 Thank you so much for joining us. 1347 01:02:49,665 --> 01:02:51,465 Uh, have a great week. 1348 01:02:51,465 --> 01:02:52,905 Have a great Black Friday. 1349 01:02:53,175 --> 01:02:54,315 Uh, I'll see you next time. 1350 01:02:54,585 --> 01:02:55,035 Bye for now.