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has driven a lot of new buyers into the direct-to-consumer space. As the shops shut their doors, consumers’ appetite for fresh inspiration didn’t go away, but it was forced to shift from off line to online.
At Wunderman Thompson Data we manage one of the UK’s largest D2C transactional data co-ops, iBehavior, helping some of the UK’s best D2C brands navigate a fast-changing environment. That gives us a unique view into the changing shopping behaviours of millions of people, giving us a front-row seat to witness a dramatic shift in consumer behaviour in real time.
Over lockdown, we saw a huge inf lux of new buyers into the D2C space, including into high-end verticals like fashion, homeware and jewellery. D2C is no longer a niche, and these buyers represent a modern
mainstream audience with money to spend.
Many D2C brands will know this for themselves - they will have seen transaction volumes rising and new users spending with them for the first time. But for many of these brands, these new customers will be little more than a name, an address, an email and the contents of their first basket.
Unless D2C brands act fast to start building relationships, they risk losing the new customers they have just acquired over lockdown. There are five actions that D2C brands need to take in order to turn a lockdown trend into permanent gain.
Get to know them as people Just because you’ve never seen them before, doesn’t mean you can’t get to know them. Identity resolution services can help you turn the few data points you have into a rich picture of your new customers - who they are, their lifestyles and interests, and what they spend on.
Find the true sources of value Not all your new customers are alike. Our transactional data co-op lets D2C brands create better lookalike and value prediction models by enriching their data with millions of data points from their customers’ purchase histories with other brands. We have rich data on the customers that you are just seeing now for the first time.
Find your next customers The new customers you have acquired over lockdown are
homeofdirectcommerce.com | Direct Commerce
just a fraction of the new buyers who have come into D2C during that period. Our audience acquisition data and modelling services mean you can find high-value prospects who are exploring the category but haven’t found your brand yet.
Don’t get lost in the digital noise In the post-COVID rush to retain customers, every brand will be using email and social media to re-contact the people they have just acquired. There’s a huge risk of your brand getting lost in a sea of digital sameness. Because co-op consumer data tells us about real people, including their home addresses, we can help you build winning direct marketing and advertising strategies (e.g. direct mail, addressable TV, outdoor advertising) that will reach and convert more new customers.
Start building D2C consumer confidence We’ve observed that for many D2C brands, the new customers they’re attracting are just as aff luent as their existing customers... but right now, they’re spending less. For many lockdown shoppers, D2C is an unfamiliar environment and they may not know your brand. Now is the time to begin active CRM outreach to your new buyers, to build your brand image and give them confidence to spend more and increase their average order value.
Best of luck to everyone for the remainder of the year, brace yourselves for a big finish!
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