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Managing the Site Experience

                             Rich Lesperance, Director Web Sales & Operations




The contents of this communication may not be reproduced, published, or disclosed to others without express authorization of Circuit City Stores, Inc.
Agenda

   •     4 Quadrants of the Customer Experience
   •     Real-life Examples
   •     The Impact of Personalization
   •     Conclusion




                                                                       2

Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
Running the Site

                                                        Credit /           Marketing
                                                       Financing

                                    Call Center                                               Legal




                                                                                                       Analytics
                            Merchants
                                                                   SITE


                                Strategy                                                              Usability

                                                                                      Retail
                                               Creative          Gift Card            Stores
                                                                  Team




      Challenge: Without process and a vision, there is chaos

                                                                       3

Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
The 4 Quadrants:
4 Things We Have to Do Right


                                              I.                                         II.
                                  Offers:                                      Functionality:
                               Have the right                                  Make the site
                               products and                                     easy to use.
                                promotions.



                                          III.                                          IV.
                             Creative:                                         Content:
                         Engage customers                                   Answer all their
                          with your brand.                                    questions.



                                                                       4

Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
Offers: Products and Promotions




                                                                       5

Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
Functionality: Make the site easy to use




                                                                       6

Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
Creative: Engage them with your brand




                                                                       7

Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
Content: Answer their questions




                                                                       8

Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
The 4 Quadrants:
4 Things We Have to Do Right


                                              I.                                         II.
                                  Offers:                                      Functionality:
                               Have the right                                  Make the site
                               products and                                     easy to use.
                                promotions.



                                          III.                                          IV.
                             Creative:                                         Content:
                         Engage customers                                   Answer all their
                          with your brand.                                    questions.



                                                                       9

Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
Example: How-To Videos
                                                                                                       Customers who
                                                                                                       watched the video
                                                                                                       had higher
                                                                                                       conversion rates
                                                                                                       and purchased
                                                                                                       12% more
                                                                                                       accessories
             Offerings:                                         Functionality:
  • Which products are the best                          • What is the ideal length?
    fit for how-to video?                                • Where should we place the
  • Which accessories are they                             video?
    most likely to buy?                                  • How should it be displayed?

              Creative:                                              Content:
  • How should the video convey                          • What unanswered questions
    our brand?                                             do customers have?
  • Should we film in a studio or                        • How does video complement
    a store?                                               current content?
  • Should we hire actors or use
    internal experts?                                                 10

Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
Example: Holiday Guide
                                                                                                                             42-fold
                                                                                                                             increase in
                                                                                                                             sales Y/Y


Creative
style guide
standardized
across the
company
                                                                                                                             Functional /
                                                                                                                             Operational
                                                                                                                             modules




  Offer
  Module


 Content
 Modules
                                                                      11

Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
Example: Home Page Evolution




    2005
Offer-centric
                                                     2007
                                               Better navigation,
                                                 more content,
                                                reduced offers                                          2008
                                                                                                   Improved balance

                                                                      12

Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
Example: Home Page Evolution
                                                                                                                             New &
                                                                                                                             improved
                                                                                                                             functional
                                                                                                                             elements
Creative is
simplified




Offers for
“deal-
hunters”




Content
space for
“learners”




                                                                      13

Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
Parallels between e-tail & retail




                                                                      14

Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
Parallels between e-tail & retail




                                                                      15

Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
Parallels between e-tail & retail




                                                                      16

Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
Personalization changes everything


                                                                                                           Customers who
                                                                                                           had a personalized
                                                                                                           home page offer
                                                                                                           were up to 10%
                                                                                                           more likely to
                                                                                                           complete a
                                                                                                           purchase




                                                                      17

Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
Personalization changes everything
   Personalization opens up the flood gates
   From one-to-many to group-based personalization, and eventually 1x1




          Offers       Functionality       Offers       Functionality        Offers      Functionality      Offers           Functionality

          Creative        Content          Creative         Content          Creative       Content         Creative            Content




           browser                            learner                             buyer                   post-purchase


   Just imagine if your site experience was personalized based on
   • Other websites you visited
   • Your visits and purchases in a brick and mortar store
   • Whether you called our 800 number
                                                                        18

Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
3 key takeaways
   •     Ensure you have identified the type of experience
         your customers want from you

   •     In-source the talent that is most crucial and create a
         strong internal process to enable your strategy

   •     Get ready, personalization will change everything




                                                                      19

Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.

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Phases of Negotiation .pptx
 Phases of Negotiation .pptx Phases of Negotiation .pptx
Phases of Negotiation .pptx
 

Managing the site experience

  • 1. Managing the Site Experience Rich Lesperance, Director Web Sales & Operations The contents of this communication may not be reproduced, published, or disclosed to others without express authorization of Circuit City Stores, Inc.
  • 2. Agenda • 4 Quadrants of the Customer Experience • Real-life Examples • The Impact of Personalization • Conclusion 2 Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
  • 3. Running the Site Credit / Marketing Financing Call Center Legal Analytics Merchants SITE Strategy Usability Retail Creative Gift Card Stores Team Challenge: Without process and a vision, there is chaos 3 Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
  • 4. The 4 Quadrants: 4 Things We Have to Do Right I. II. Offers: Functionality: Have the right Make the site products and easy to use. promotions. III. IV. Creative: Content: Engage customers Answer all their with your brand. questions. 4 Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
  • 5. Offers: Products and Promotions 5 Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
  • 6. Functionality: Make the site easy to use 6 Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
  • 7. Creative: Engage them with your brand 7 Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
  • 8. Content: Answer their questions 8 Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
  • 9. The 4 Quadrants: 4 Things We Have to Do Right I. II. Offers: Functionality: Have the right Make the site products and easy to use. promotions. III. IV. Creative: Content: Engage customers Answer all their with your brand. questions. 9 Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
  • 10. Example: How-To Videos Customers who watched the video had higher conversion rates and purchased 12% more accessories Offerings: Functionality: • Which products are the best • What is the ideal length? fit for how-to video? • Where should we place the • Which accessories are they video? most likely to buy? • How should it be displayed? Creative: Content: • How should the video convey • What unanswered questions our brand? do customers have? • Should we film in a studio or • How does video complement a store? current content? • Should we hire actors or use internal experts? 10 Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
  • 11. Example: Holiday Guide 42-fold increase in sales Y/Y Creative style guide standardized across the company Functional / Operational modules Offer Module Content Modules 11 Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
  • 12. Example: Home Page Evolution 2005 Offer-centric 2007 Better navigation, more content, reduced offers 2008 Improved balance 12 Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
  • 13. Example: Home Page Evolution New & improved functional elements Creative is simplified Offers for “deal- hunters” Content space for “learners” 13 Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
  • 14. Parallels between e-tail & retail 14 Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
  • 15. Parallels between e-tail & retail 15 Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
  • 16. Parallels between e-tail & retail 16 Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
  • 17. Personalization changes everything Customers who had a personalized home page offer were up to 10% more likely to complete a purchase 17 Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
  • 18. Personalization changes everything Personalization opens up the flood gates From one-to-many to group-based personalization, and eventually 1x1 Offers Functionality Offers Functionality Offers Functionality Offers Functionality Creative Content Creative Content Creative Content Creative Content browser learner buyer post-purchase Just imagine if your site experience was personalized based on • Other websites you visited • Your visits and purchases in a brick and mortar store • Whether you called our 800 number 18 Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.
  • 19. 3 key takeaways • Ensure you have identified the type of experience your customers want from you • In-source the talent that is most crucial and create a strong internal process to enable your strategy • Get ready, personalization will change everything 19 Copyright© 2008 Circuit City Stores, Inc. May not be used, copied, or distributed without permission. All Rights Reserved.