Objective -
Improving Meesho's standing as a value-driven platform by strategically showcasing premium GOLD listings through entire shopping journey while mitigating any negative impact on platform conversion.
View opportunity teardown -
Gold VC stands at 0.71% with primary program discovery through dedicated CLP which contributes to ~85% of the Gold’s view share.
Key issues leading to low visibility -
Diving deeper into view penetration and CTR for Gold HP widget exposes -
Under utilisation of views surfacing from search - Key discovery challenge - While feed in feed widgets are available for use, manual intervention to setup for all relevant PSTs is an operational overhead which limits overall coverage potential, Reference - Under utilisation of views surfacing from PDP - Key discovery challenge - Non availability of a dedicated PDP widget Ref - PDP widget is scrolled by 40% high intent traffic landing onto PDPs. CLP entry limited to a single widget touch point on home page Relatively lower CTR for Gold HP widget compared to other HP widgets Low CTR for HP widget leading to limited view share accumulated via CLP / collections CTR for Gold stands at 4%. For reference, TrendZ CTR stands at 8% Low awareness / recall and comprehension for the program’s value proposition - LoDs WIP
Learnings from outside in
Looking at different apps and user journeys, two key approaches are seen in improving visibility, awareness and comprehension for programs through on-app flows:
Differentiating and contextually making users aware of the program at every step of the core shopping flow helps in building a clear identity for the program Strong onboarding or first time user experiences at key touch-points across the app creates an effective first impression and encourages users to explore the program's offerings Largely our on-app strategy would be focused on these two approaches.
Roadmap phasing -
We would need 5pp VC coming in from Gold to achieve our NMV goals. Keeping same in mind, the roadmap for Gold has been bifurcated into the following parallel streams -
Short / Med term solve(s) - Increasing view share of Gold catalogs from current baseline of 0.7 pp to 1.3 pp through short - med term measures (Some existing capabilities and others requiring dev) Long term solve - Identifying long term solutions to bridge the program recall / awareness gaps through structural discovery fix for Gold by - Concluding on program’s identity - Co-existence of multiple programs leading to any user recall issues Identifying challenges with awareness / comprehension and perceived recall for the program Identifying / prioritising solves specific pertaining to above in from short / med / long term window.
Prioritised discovery product solves / status -
Key objective (Basis user insights and intent)
Key objective (Basis user insights and intent)
Expected impact - VC lift (abs)
Other non linear business ideas (Sizing / Prioritisation WIP)
Pushing exploit catalogs in under utilised explore feeds with low selection depth Non gold transactors - Off panel nudges over Whatsapp / PN Collaborating with creator / live commerce team specifically for Gold products for visibility push Post order pamphlet - Marketing QR scan to land to Gold homepage for non gold orders Differentiated Packaging / Branding
Next steps for med / long term roadmap -
Understanding user problems around low awareness, comprehension and recall for the construct through - Conclude on program identity decision by validating co-existence of multiple programs and any downsides on net user recall Identifying challenges with program’s comprehension / awareness across shopping journey Aligning on key metrics and levers for program awareness (Utilise learnings from Mall WS) Build comprehensive outside-in understanding Status - Product solutioning picked up, closure - ~4th week of Feb
Org strategy / Guiding principle -
Improving Meesho’s perception as a low cost / low quality platform through discovery push, as an output improving NMV Differentiated discovery push based on user’s affinity / stickiness for specific initiatives to minimise platform conversion downside Leverage cross learnings from other programs to drive awareness / comprehension i.e. Malls