User Generated Content: "Strategies for Driving Sales Online & In-Store"
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Transcript of User Generated Content: "Strategies for Driving Sales Online & In-Store"
Speakers
2
Matt Moog CEO, PowerReviews CEO Matt Moog has more than 20 years of experience scaling technology companies, both public and private. He has launched several successful startups, hired hundreds of employees and raised over $200 million in outside investment. Matt is passionate about entrepreneurism and the transformative role that technology can play in our lives, especially when it allows people to share their experiences and brings transparency and accountability to all facets of life.
Kimberly Ruthenbeck Director of Web Customer Experience, Room & Board Kimberly Ruthenbeck has been with national home furnishings retailer Room & Board since 1994, serving in a variety of strategic roles and leading teams in the following areas: stores, vendor management, inventory management and merchandising. Her breadth of experience and passion for the customer has led her to her current role as Director of Web Experience.
Session Highlights
Discover how ratings and reviews impact the consumer purchase journey online and
in-store
Explore the impact of mobile on the role of user generated
content in commerce across channels
Learn how Room & Board integrated reviews in multiple sales channels and increased
sales
3
4
Consumer Expectations
Consumers expect on demand information
Consumers demand transparency
Consumers trust other consumers
6
Mobile shoppers more likely to purchase with reviews
of consumers specifically
seek out websites with
product reviews
of Millennial consumers
specifically seek out
websites with product
reviews
57%
77%
7
Only price impacts purchases more than reviews
6.97
5.42
5.32
5.22
4.17
4.09
PRICE
RATINGS
& REVIEWS
BRAND
RECOMMENDATIONS
FROM FAMILY/FRIENDS
RETAILER/BR
AND
FREE
SHIPPING
8
Growth of mobile Holiday 2014
of all online traffic
was mobile
increase in mobile
sales
of online holiday
sales were mobile
48%
40%
29%
Company Profile:
• 14 retail locations across the US
• Emphasis on seamless customer experience
Requirements:
• Find new ways to differentiate products from other online furniture
retailers
• Providing best customer experience in quality and service
• Take advantage of Brand advocates
16
Case Study:
19
average page views
than site average
greater
likelihood of
purchase after
reading a
review
average time on
site than site
average
Case Study:
2X 160% 144%