Epic chat
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Transcript of Epic chat
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The changing landscape in customer communication provides a unique opportunity to combine the assets of our outsource services division (call center and network) with our social media expertise (SocialStrategy1) to provide clients a best in class multi-faceted customer care and lead generation solution
Loyalty is now driven by a business’s interaction with it’s customer when & where the customer chooses to interact
Multichannel Customer Care
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Customer Life Cycle
Prospect Need Identified
OnlineResearch
PurchaseDecision
Customer Care / Loyalty
BrandAdvocates
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Internet Users of the World
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79% of North
America is Online
World Internet Percentage Rates
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Over 50% of US Internet Users Shop Online
• Last year, 167 million people in the U.S. made online purchases amounting to $200 billion in sales.
• Shopping cart abandonment rates normally average 72 percent.– Last year, shopping cart abandonment was at 70 percent.
• 2012 Black Friday – $1.04 Million in Online Sales– Online Sales Up 28% from 2011
• 2012 Cyber Monday– $1.47 Billion in Online Sales– Online Sales Up 17% from 2011
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US Internet Users’ Expectations of E-Commerce Sites
22.7%
32.5%
40.9%
45.5%
48.2%
59.1%
66.7%
70.8%
76.5%
95.5%
Pricing/shipping information clearly stated
Looks credible and trustworthy
Product displayed on homepage
Visually appealing
Total cost calculator (shipping, tax, etc.)
Search function
Privacy statement
Onsite customer reviews/testimonials
Online customer service (live chat)
Links to social networks (Facebook, Twitter, etc.)
Source: Oneupweb, ‘Revolutionizing Website Design: The New Rules of Usability’,
Online Users Have High
Expectations
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Shopping Cart Abandoners are Valuable
• Plan to conduct more online research before purchasing
• Online comparison shopping will become ever more commonplace
• 84% more likely to research online to ensure best price
• More likely to use voucher codes or look for them online
• Spending more online than those that do not abandon shopping carts
• Like to shop around before making a purchase
Source: Forrester Research
What this tells us is that visitors that abandoned shopping carts are very valuable: higher income customers that are more tech savvy, and use this knowledge to comparison shop and get better deals online.
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Top 5 Causes for Shopping Cart Abandonment
1. Shipping and handling costs were too high - 44%
2. I was not ready to purchase the product - 41%
3. I wanted to compare prices on other sites - 27%
4. Product price was higher than I was willing to pay - 25%
5. Just wanted to save products in my cart for later consideration - 24%
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Web Chat Services not only improve customer experience, it also helps improve shopping cart abandonment by answering
questions and providing peace of mind during the online experience.
Would you open a retail store with no sales clerks?
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Chat Advantages
• Customer satisfaction higher than other channels
• 25% decrease in operational cost
• 90% + “Top 2 Box” CSAT
• 90% First contact resolution
• 20% increase in online sales
• Agent productivity double than phone
• Preferred contact method
Sales
Service
CHATClients leveraging web chat solutions realize higher or more advantages than phone channel
Chat Advantages
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Chat interactions provide valuable insight to businesses to help improve marketing efforts, product development,
IT related challenges and existing business interactions.
• What obstacles are your customers experiencing?
• How are your customers and prospects responding to your promotional offers?
• Why are your customers not buying?
• What issues with service quality are your customers talking about?
• What are the primary customer objections (i.e. price, quality of the product, service experience)?
• What is the marketplace saying about your products and prices?
Quality Assurance and Data Analytics
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Reasons for Customers to Chat – Before Purchase
Top Reasons Why Customers Chat
•Product Questions
•Shipping Questions
•Return Policy Questions
•Promotional Offer Questions
35%
Product Ques-tions
30%
Shipping Questions
15% Return Policy
Questions
20% Promotional Of-fer Questions
Answering questions before purchase increases online sales by
20% or more!
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Reasons for Customers to Chat – After Purchase
36%
How do I track my order?
27%
Copy of my online receipt
6%Account in-formation
19%Delivery
policy
12%Return Policy
Top Reasons Why Customers Chat
•How do I track my order•Copy of my online receipt
•Delivery policy
•Return policy
•Account information
CSAT is higher and operational costs lower
with chat!
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Chat Transcripts Provide CSAT & DSAT
CSAT81%
DSAT19%
Average % CSAT vs.. DSAT - MTD
37%Coaching within
Agent con-trol
26%Alerts within Agent
control
37%
Reasons out of
Agent con-trol
Drill Down on the Negative Surveys
Coaching
Improved beyond canned response
Improved in discovering customer needs
Improved in product knowledge
Alerts
More effectively answer customers’ questions
Go above and beyond assisting customers
Customer interaction savvy
Out of Agent control
Unavailability of the package that customer wants
Unable to resolve customer questions
Existing customer
Average MTD CSAT is at 81% and DSAT at 19%
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Chat Strategy and Goals What business needs am I trying to address? Proactive vs.. Reactive chat? How will I define success?
Technology Selection Which chat technology meets our requirements?
Recruiting Implement internally or outsource? What characteristics make a good chat agent? (hint: they are very different than good voice
agents)Training
What is the most effective way to train new chat agents? Ongoing education and training?
Ongoing Operations How do I integrate my chat interactions into my quality program? How do I gather business intelligence from the chat interactions? How do I fix issues and continually improve?
Best-in-Class Performance Model
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71% Prefer to initiate the contact for customer care
57% Very likely to abandon site if they cannot find a quick
answer
44% Feel having their questions answered by a real person is
very important while on website
27% Like having an instant message/online chat box appear
and ask if they need help with research or purchases
What Chatters are Saying…
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Live Chat Can Extend Your Reach By:
Initiate Invitations Based on Rules or Behavior Metrics
Extending your hours and handling overflow
Providing sales and support service queues
Fulfilling the promise of the “platinum star service and Warranty”
Leads to higher customer satisfaction
Help attain business goals
Monitoring live website traffic
Customers that show higher propensity to make a “purchase” when
assisted
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Proactive Chat Can Transform Business
Improve Customer Satisfaction Increase Average Order Value Reduce Abandonment Rate Lower Costs Build Relationships
Did you know… Among
500 surveyed retailers,
only 5% offered
proactive chat. 21%
plan to launch in next
12 months.
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Poor Proactive Invitation Practices Can Annoy Customers
Avoid Annoyances By:Create a Clean Invitation
Easy to Decline Invitation
Unique Wording for Invite
Consider Images, Colors, and Design
Concerns with Proactive Chat
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Strategies for Success Create strategic rules that trigger a chat at a point of need or abandonment
Set triggers for opportunities
Consider starting small
Make evaluation of business rules an ongoing process
Rules to Implement Proactive Chat
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Customer Care & Reputation Management
Loyalty is Now Being Built When and Where the Customer Chooses
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Over 1,000 certified chat agents deployed worldwide
Considered an expert in the chat space with over 12 million interactions each year
Both chat and a knowledge base solution allows for a customer to receive real time help or answers to their questions, as they navigate your website
US presence available 24/7
WHY EPIC?