Winning the eCommerce Game with AI

Do you feel like your online shopping experience is lacking? Are you tired of being recommended the same products over and over again?

Tune in to today's episode of eCommerce Podcast where our special guest Alan Gormley from Shopbox shares the secrets for your retail business to achieve success through the power of AI. In this episode, we explore how AI is revolutionizing the e-commerce game and creating personalized experiences for customers. From curating products to understanding price elasticity, discover how AI can change the way your customers shop online and help your business win big!

ABOUT ALAN:

Meet Alan Gormley, the mastermind behind Shopbox AI! With a superhero's cape made from 25 years of AI and retail wisdom, Alan swooped into the eCommerce arena to level the playing field. His mission? To arm David-sized retailers with Goliath-beating AI tools, opening a world where every retailer gets a shot at the big league!

Here’s a summary of the great stuff that we cover in this show:

• Shopbox AI creates a unique store for each customer that comes onto a website, aiming to level the playing field for all retailers and put the store back at the center of e-commerce. The AI helps retailers by understanding a customer early and building a path for them to feel serviced, get suggestions, stumble across stuff, and naturally buy more items at times even more expensive.
• Alan advises that e-commerce retailers start selling through service and create a unique store per customer rather than managing their store like they manage a shelf. By introducing AI technology such as a curated homepage and creating a personal shopping space for each customer, retailers could make everything about the customer and ensure they don't go back to a generic store competitor.
• The strategy is to constantly draw customers deeper into the website in order to increase conversion rates, similar to how shop assistants guide customers in physical stores. The focus is on inspiring customers and suggesting better products to create value, rather than just providing easy access to products with lower prices.
• Alan also discusses strategies to improve the customer experience in e-commerce, including the use of an AI shop assistant to help customers quickly find interesting products, curation of a variety of products with context, and a fuzzier approach to cross-selling by showing related items earlier in the shopping process rather than at the end. These strategies aim to create a better overall experience for the customer and ultimately lead to increased sales.
• AI can help eCommerce websites combat the long tail problem by showing customers products from their favorite brand that they may not have considered before. He emphasizes that AI can enhance the customer experience without requiring website changes, as AI can dynamically suggest products based on merchandisers' inputs. Additionally, he warns against vendors who claim to offer automated AI solutions, as AI still requires human input and intelligent data analysis.

For complete show notes, transcript and links to our guest, check out our website: www.ecommerce-podcast.com.