In his presentation, 'Reviews in 2016', Feefo CCO, Matt Eames, shares how businesses are evolving to take advantage of new technology, innovation and trends to provide quick and easy shopping solutions, while still ensuring they have opportunities to harness the benefits of collecting genuine feedback.
4. Latest from BrightLocal
92%of consumers now read reviews (vs. 88%
in 2014)
44%
40%of consumers form an opinion after reading just 1-
3 reviews (vs. 29% in 2014)
38%of customers are impressed with a mobile
optimised website (vs. 25% in 2013)
say a review must be written within a
month to be relevant
5. And fake reviews?
“Do you trust online reviews as much as personal
recommendations?”
2013 20152014
31%
21%
22%
“Yes, if I believe they’re
authentic”
• Real reviews are increasingly important
• Authenticity is the most important factor in trusting
online reviews
• Positive reviews are less influential (7% decrease
year-on-year)
Source: BrightLocal Consumer Report 2015
6. In a nutshell
Consumers are increasingly using reviews to make buying decisions
Reviews need to be recent, relevant and reliable
Shoppers make buying decisions more quickly
Mobile is an increasingly popular platform for shopping
8. Who are ‘millennials’ ?
Born between
1980 2000
“A different world, a different worldview.
Millennials have grown up in a time of rapid
change, giving them a set of priorities and
expectations sharply different from previous
generations.”
Source: Goldman Sachs
9. Convenience is king
1/3of millennials agree that
smartphones will become their
main purchasing tool
Source: PwC
10. The power of feedback
29%Of millennials age 18-24 cite reviews as
one of their most important decision
factors
Source: Barclays Feedback Economy Report
12. McDonalds are moving with the times
Source: McDonalds
“To improve the overall customer and
employee experience:
…self-ordering kiosks, handheld terminals
and cashless payments.”
41. Benefits to your business
17%boost to CTR on ads on average…
…building trust with potential
customers and driving qualified
traffic…
…and increasing traffic and
conversions by as much as
35% as a result
Verified reviews contribute to
seller ratings (stars) in search
listings…
Source: Google Source: Google
Source: Kiss Metrics
42. What to do tomorrow…
• Make sure your reviews improve your website traffic, on-site
conversions and sales
• Ensure customers can read, leave and trust reviews on the move
43. What to do tomorrow…
• Use reviews to gain actionable insights
• Identify trends and themes in feedback
• Ask custom questions for targeted responses
• Create reports across multiple levels
• Ensure you are investing in genuine reviews – and maximising
the benefits!
Burberry launched The Art of the Trench website in 2009, where users could upload and comment on pictures of people wearing Burberry products. Burberry’s ecommerce sales surged 50% year-over-year following the launch of the site.
Starbucks’ White Cup Contest launched in April 2014. Customers across the country were asked to doodle on their Starbucks cups and submit pictures as entries. The winning entry would be the template for a new limited edition Starbucks cup. Nearly 4,000 customers submitted entries in a three week span. The contest was a great way for Starbucks to earn publicity and prove that it strongly valued customer feedback.
To help boost top-of-mind awareness, Coca-Cola created the “Share a Coke” campaign, throughout which the company produced Coke bottles with customers’ names on the labels and handed them out throughout different cities, in order to increase its exposure on Twitter. Customers were then asked to share the pictures of their personalized coke bottle on Twitter and other social media platforms. The company attributes the campaign to a 2% increase in U.S. sales after over a decade of declining revenues.