Cyber Weekend Benchmarking Information for 2023 Software, and SaaS Annual Report on Holiday Spend -
The Q4 numbers for sales usually surpass those from other months because of the holiday season's end as well as their associated season of shopping. But how does that trend translate to the software or SaaS sales? Do they improve B2B sales too, or are they more of a positive to B2C?
is a retailer who acts as a record-keeper for more than 3500 companies that use our platform every day to sell digital products globally. We've examined aggregate sales data to help you understand just how crucial Q4 is for your software, SaaS and other digital products commercial.
These latest trends for the holidays may have started by offering Black Friday deals and spread throughout Cyber Monday and the whole weekend is often referred to as Cyber Weekend -- and sales across the entire quarter have been generally good as shoppers are getting ready to celebrate Christmas with their friends and family. Are you optimizing all possible possibilities for sales during Q4 for your software business?
Below, we'll cover:
Our Data Our Data
What are the Data Sources?
The company is a partner to more than 3500 business owners who assist them in selling digital goods to over 200 regions and countries around the world However, we've refined our data used for the report in order to ensure it's suitable for software and SaaS businesses.
These details are unique to where the sales were conducted but not necessarily the area that the company is located.
For the global statistics We chose eight countries that comprise including The United States, Canada, Germany, Great Britain, India, Brazil, Australia as well as China for the full picture of global sales.
When you're using the data are from
The following data are compiled from 2018-2022 to give the most current information, providing trends that are constant for a period of 5 years and making sure that outliers are not skewing the information unnecessarily.
We further use an index of seasonality to reveal the amount of sales in each month or quarter against the year's weekly or monthly average.
US Trends at Year End for SaaS as well as Software Purchases
We first looked at U.S. software and SaaS sales figures from 2018 to 2022 in order to glean insights on the trends in monthly and quarterly sales in the past five years.
After calculating the monthly average after comparing sales for the month with that average, you'll get a percentage. In the example above If February has the percentage of 90percent, it signifies that it's 10 percent more costly in terms of sales compared to the average monthly. If, for example, the November sales percentage is 111% that indicates that it's sales are greater than by 11% the monthly average.
5YR Average US SaaS as well Software Monthly Sales
Although sales peak in November, with 11 percent higher than the monthly average, sales for the entire quarter are at their highest throughout the year. October is particularly high, having sales that have a 4 percent increase, and in December it's 8% more.
5YR on average US SaaS as well Software revenue by quarter
Comparing the average of quarterly sales, Sales for Q4 were more by 8 percent, which amounts to a difference that makes all three quarters are less than the mean.
Global Year-End Trends in SaaS as well as software purchases
Moving beyond the U.S., we combined information using the same traits of U.S., Canada, Germany, Great Britain, India, Brazil, Australia and China. This gives a clearer image of how software sales could change around all over the world.
The bump is actually increasing in dimensions.
5YR Global Average SaaS and software sales by Month
Global sales reached the highest level of 16% in November. This was in contrast to the monthly average. Similar to the U.S. data above, November and December complete with the highest quarter of the year with respective growth of 4 and 7 percent.
5YR average Global SaaS and Software Revenue per Quarter
In a year-end view, Q4 was 9percent higher than the quarter's average, once enough to bring the next three quarters at or below the average.
The sales for the quarter ended in Q4 were just 1percent greater than those from the U.S. for the same month, but the November month witnessed an increase of 16% more than the U.S.'s 11% increase for the same month- suggesting that November specifically represents a massive sales opportunity all over the world.
5YR average SaaS and Software Sales per month for each country
More information on the way each month is broken down according to country, we analyzed the information for eight nations that we incorporated into our global analysis. This is what monthly sales of software updates will look like if you use five years of data from these countries including that is the United States (US), Canada (CA), Germany (DE), Great Britain (GB), India (IN), Brazil (BR), Australia (AU), and China (CN).
The huge gains in nations such as China as well as Germany during November indicate the huge potential of SaaS as well as software companies to earn money during the fourth quarter of 2018 particularly if you're looking to make those markets part of your global expansion plan.
Additionally, even though U.S. data suggest a smaller increase of just 11% during November, remember this: North America accounts for a large portion of the world's software and SaaS revenues. large share of global software and SaaS revenue, with one study revealing 40% of the 2022's global software revenue due to North America, and an additional study reporting up to 57.5 percent of the world SaaS market which is due to NA. Therefore, a growth by 11% in November within NA U.S. could mean much more money in the event that it's part of a larger piece.
B2C vs. B2B
Many companies that use to sell software worldwide offer B2C in addition to B2B markets. Whatever your SaaS business is focusing exclusively on either or only one is, it's helpful to see how the performance of sales is different between the two segments of market. The resulting information can aid you in deciding how you should focus your marketing and sales efforts on these aspects especially when one has a better chance of success.
Data gathered from the study show similar patterns throughout the whole year. The fourth quarter was the most profitable quarter in both segments.
B2C sales recorded an average bump by 11% over what was the typical of the previous quarter. This could not come as a surprise at the time of year which is known for its promoting in consumerism"consumer "consumer" is in the name.
Do not put too much trust in B2B sales in Q4. Even though B2B sales appear marginally more stable over the course of the year in comparision to B2C revenues, a five percent increase during the fourth quarter is significant within a sometimes spending-driven segment which is taking advantage of sales towards the close of the year, regardless of whether the buyer is buying either for themselves or their business. Credit cards that are used for business remain in use by a lot of people -users of software, and may need to find an excellent deal, particularly if rigid departmental budgets influence the purchasing the purchase.
In addition, B2B buyers might be seeking to make use of more budgetary funds before the end of the year, to ensure their budget is not cut the following year. These could be departments or teams set up with the right technological tools before the beginning of the new year. These kinds of business-related incidents could result in increased business for B2B in Q4 despite the numerous interruptions for work over the Christmas period.
Cyber Week Strategies for SaaS and Software Companies
Are you wondering how to make the most of this increase in Q4? What ever your goals are, whether you're looking for B2C or B2B customers These are a few ways to boost the number of software and SaaS sales before the end the year.
Partner Coupon Coupons Customized
In addition, you'll have the ability to more accurately track how the sale coupon was able outperform other coupons.
Do You Not Have Any Partners To Give Special Coupons to? Locate Some!
If you're still not taking advantages of partnerships with promotional partners this season of giving could provide new contacts. Look for SaaS and software-based companies that provide products that complement your existing. (For example, suppose you build a database software, search for companies who produce the front end software.)
Alongside custom coupon codes provide the opportunity to trade Cyber Weekend promotions to each of their target audiences via the use of emails Web banners, online banners, mentions on social media and various other ways to assist each business increase sales by the end of the year.
Send Your Own Contact Email to Prospects
Even if you decide not to take part in promotions that are partnership-related for instance, if it's an additional project you'll need additional time to plan sending out email to your client list is a simple and easy method to carry out.
Prospects aren't able to benefit from offers they're not aware of So don't depend only on banners to your site to draw potential customers' attention whenever they go to your site. Get the visitors on your website with smart mailers about coming as well as actual sales in order to grab the attention of those that are.
Email Your Current Customers an Email
Just like prospects, customers shouldn't be over-sold when they're not informed about sales for the holidays, neither.
There are several potential opportunities for earning money that you can pursue within the current users you have
- Add-ons for upselling. Review user statistics for users who utilize your products often or frequently, as they could be the ones most likely to want further features or accessibility.
- Increase subscriptions by giving additional options. Similar to downloading, if you can identify your product's most powerful customers, you can focus your efforts on the people who are most likely to purchase more of your service.
- Switch users who are free to paying subscribers with an enticing offer. If freemium is an essential part of your strategy for business, offering a substantial holiday sale may be a good incentive for you to switch users who love what they are able to access, however, they realize they'd gain a lot from more of them.
- upsells from individual subscriptions to group subscriptions and from team-based to enterprise subscriptions. It's often difficult to identify which of your customers also serve as evangelists of the products you offer within their businesses, however if you have the ability to collect contextual information about users (such such as those that could be obtained by your sales force within your internal system) during the 4th quarter 2018 could be a great moment to focus on companies with at least some customers, yet you can gain several more.
- Cross-sells into completely different items. If your business model includes a range of separate products, there's a big possibility to market the users of the product through deals to buy the product as well or vice versa. The more products you're able to own, the better segmentation you can do and the greater opportunities that you can take advantage of.
- Switch users between monthly and annual subscriptions. The English saying "A bird in the hand is worth a bush" typically applies to business because the revenue you can earn for your business right now could be higher than some slightly greater revenue dispersed in a progressive manner throughout the following. Benefit from customers looking for bargains during Q4 by appealing to buyers with an attractive offer to reduce costs in the future by switching their monthly subscription to a year-long one.
Leverage Social Media
Social media sites can provide an the perfect platform for celebrating the holidays and share festive content from your company can perform well.
Most social media platforms come with advertising features that allow you to target users by geographies or by interests. Consider taking advantage of this feature to show regional holiday ads in the regions of interest or even the capability to show ads to those who have expressed a wish to be celebrating this holiday through the platform.
Yet, genuine postings on social media are usually able to be seen by anyone who follows your account, no matter where they are. They is a good way to increase sales while not restricting views to a tiny part. Make sure that if you have viewers or fans are diverse the holiday-related posts you post are also likely to be so.
Give More Discounts on The Target Geos
If you have higher profitability in a particular region or you are looking to break into a new market, then pushing for aggressive discounts in specific regions will help you take advantage of Cyber Weekend sales increases.
In order to implement this, make use of GeoIP-based elements on your marketing site to promote region-specific discounts.
It is then possible to utilize your Store Builder Library to make it easier to apply the coupons during checkout. This can help improve your conversion rates.
Localize Christmas Promotions
Even though Cyber Weekend has become popular across the globe but there are some local holidays that may be more lucrative in the region or country you're targeting. Holidays like Boxing Day can rival more U.S.-centric campaigns (such like Black Friday and Cyber Monday) across countries including Australia and Canada. UK, Australia, and Canada.
Make sure you tailor your Christmas season promotions according to geography, so you don't miss big opportunities in key regions.
What can I do?
Global Payments: Localized languages currencies as well as Payment methods
Be aware that making your product available in more countries doesn't suffice. It has to be effortless for the customer to decide to purchase.
Global Tax Management don't have to worry about taxes
Customer Support Management Contact Us!
One of the most important aspects of we are responsible for includes managing customer service. Your clients can begin by contacting us for assistance when they have issues with purchase and checkout, taxes or subscriptions, billing and downloadings, and many other issues.
Katie Stephan Katie Stephan is the Senior Content Strategist at . In addition to her many years of experience working in this field having earned an MFA in creative non-fiction writing and has been a part of her community as a university writing instructor.
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