Ah, yes. Black Friday Cyber Monday (BFCM)—the official kickoff to the holiday shopping season.
In 2021, consumer spending reached a new high with shoppers spending a whopping $275 billion in global online sales during the holiday weekend. In the US alone, nearly 155 million Americans shopped during BFCM in 2021.
Here's something you already know: the BFCM weekend is an opportunity for both physical and online stores to boost revenue. In fact, most of today’s shoppers expect stores to start promoting their BFCM deals starting November 1.
What you may not know is this: a killer bundle is one of the best deals you can offer eager shoppers on BFCM.
Product bundles aren’t just a great way to help shoppers save money during one of the peak sales periods of the year. They’re also a fast, easy way to increase your ecommerce sales and average order value (AOV).
Below, we’ll review the basics of product bundling, the benefits it brings, and five killer bundling tips to use this BFCM.
Product bundling happens when you group products together and sell them as a unit for a slightly lower price. Think shampoo with conditioner, razor with razor blades, flights with hotels, etc.
Bundling allows stores to earn more than they would from selling the products individually. And it can help maximize ROI on lesser-known or slow-moving products.
There are numerous types of product bundles and they’ll vary from store to store, but here are a few of the most common:
While product bundling yields numerous benefits during the rest of the year, these benefits are maximized during the BFCM weekend (aka Cyber Weekend). Shoppers are looking for the best value for their money, so if they can get two or three products for a lesser price, they’re more likely to make a purchase.
Benefits include:
So now you know what product bundling is and how it can increase sales and improve your BFCM strategy this holiday season. Below we’ll look at exactly how to craft product bundles that can turn your BFCM marketing ideas into a successful BFCM campaign.
First up, try grouping related products. For example, when someone purchases a new laptop they might also want a laptop case, extra USB cord, screen cleaner, or extra software.
Bundling relevant products together helps you meet the specific needs of your audience—needs they may not realize they have! This level of service increases the likelihood they’ll keep shopping with you after the BFCM weekend.
Primally Pure offers an excellent example with this mixed bundle of high-end complementary skincare products. There's no discount (likely because they know their shoppers are not cost-sensitive) yet it performs well. Why? Because they save time for their customers by conveniently packaging it in a way that highlights their common use case ("Skin Game Strong").
The variant selectors make it easy for the customer to quickly select their products and add all four items to the cart with a click..
This next strategy lets your online store’s sales data and your customers’ purchase behaviors determine what products to bundle. Let the data tell you what your customers are searching for and purchasing and then create a bundle based on that insight.
Let’s say you want to run a BFCM sale for your primary customer segment. If your data shows those customers love to buy two products separately, try bundling them together and offering the bundle with a small discount.
By offering data-driven bundles, you're more likely to convert your shoppers into loyal customers and attract new ones who are also searching for the same great deal.
One of the biggest attractions for Black Friday and Cyber Monday is the savings. And Bundle and Save promotions are a great way to emphasize savings since shoppers are getting more items for a lower price.
Highlighting those savings is also a great way to help shoppers see the value in the bundle and keep them coming back for more.
Here's a squeaky clean example of a mixed bundle from Promix, a maker of clean supplements and snacks for athletes.
Encouraging shoppers to purchase bigger bundles at a discounted price helps you sell more products while simultaneously providing customers with more value. Plus, it helps customers feel good about shopping at your online store, increasing customer loyalty and retention after Black Friday and Cyber Monday sales are over.
Go a step further than recommending products and let customers choose what they want in their bundle. This allows them to not only find something great for themselves but also the perfect gift for friends and family. Plus, this option provides that highly-personalized experience today’s shoppers crave.
If you’ve ever gone shopping on Black Friday or shopped online for Cyber Monday, you know how busy it is. Oftentimes, shoppers want to finish their shopping and be done with it. That’s why it’s so important to keep your product bundles simple. You don't want to overwhelm customers with excessively elaborate or confusing bundles. Smaller bundles that make sense to your customers and can be easily added to the cart are usually best.
Here's a fantastic example of Ritual Zero-Proof keeping it dead simple. They use a Rebuy Smart Link on a landing page with just one button. The page proudly advertises the Ritual Bart Cart Bundle and when a shopper clicks the Buy Now button, all 5 items immediately load into the cart flyout. The savings is clearly shown so the shopper knows they're getting a deal.
Convenience + Savings = Conversions
(See how Ritual Zero-Proof used Rebuy to increase AOV 46% and subscription revenue by 66%.)
The holiday rush represents a major opportunity for retailers that plan ahead. Remember, in order for your BFCM product bundles to be successful, they have to meet shoppers’ specific needs. And the best way to build and personalize product bundles just in time for the busiest shopping weekend of the year is with Rebuy.
Our AI-powered personalization engine instantly gathers, organizes, and presents customer information to you in an easily digestible format, allowing you to see which products your shoppers really want. To learn more about Rebuy, check out our demo site or drop us a line!
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