Archives for posts with tag: social discovery

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Hat tip to Kiss metrics for putting together this clear and concise infographic about mobile’s impact on B2C commerce in 2012 and near future.

Here are some key takeaways:

1. Velocity of adoption

Though according to allthingsd.com, only about 20% of all web traffic in the US originated from a mobile device (smart phone or tablet) in 2012, Gartner expects that over 50% of web traffic in 2013 will shift to smartphones and tablets. If both allthingsd.com’s and Gartner’s numbers are correct, that would be a pretty significant shift, especially given the sudden acceleration of that change.

Relevance: Whether Gartner is reading more into the web-enabled device mobile-to-computer curve or not (see infographic above), the shift to devices is coming. It doesn’t really matter if that change happens in 2013, 2014 or 2015: It will happen. Consumers are increasingly likely to search for, find, discover and access your website from a mobile device than from a laptop or desktop PC. Even if that number only increases to 35% in 2013, that is 35% of your potential market. How much is that worth to your business? How many consumers are you potentially turning off or not properly converting by pursuing a digital strategy that is better suited to work in a 2010 digital environment than a 2013 digital environment?

Fix: Companies currently thinking of and designing their brands’ digital experiences and/or e-commerce sites primarily for laptop and desktop users need to adjust their strategy asap. The web is no longer about computers. And we aren’t just talking about website design but search, purpose/utility, UX/UI, e-commerce and social features.

2. 2011-2013: Mobile Sales Explode

Speaking of e-commerce, key indicators like Black Friday sales show an increase of 40% in online purchases made from a mobile device between 2011 to 2012. The number of online shoppers using mobile devices to make a purchase on Black Friday increased by 166% between 2011 and 2012. Paypal also reported a 190% increase in mobile payment volume between 2011 and 2012.

Relevance: Consumers aren’t only accessing websites from mobile devices with greater frequency and in greater volume, they are also becoming increasingly comfortable making purchases from their mobile devices as well. If you are not actively working to make your products easy to purchase via mobile devices, you are leaving money on the table. E-commerce is now indivisible from mobile commerce. What’s your strategy?

Fix: You basically have two options to make this work. The first is to create simple, painless, even fun mobile shopping purchasing experiences for your customers (see Nespresso example below), or you can work with key retailers to ensure that they create simple, painless, even fun mobile shopping and purchasing experiences for your (their) customers. Two examples:

a) Direct-to-consumer sales: Nespresso.

Nespresso sells espresso machines and espresso capsules/pods for those machines. Though every Nespresso product can also be purchased via Nespresso’s website, the company also created a mobile/tablet app that allows customers to order items (especially the capsules) on the fly. The process is quick and easy and is a lot quicker than opening up a browser, looking for a website, navigating through it to find the right page and finally order products.

b) Distribution model: Amazon

Amazon’s web experience is already pretty stellar but their app also allows shoppers to scan bar codes, search for a product by snapping a photograph of it, and so on. Everything about Amazon is geared towards ironing out hurdles between the search/shopping phase of the digital experience and the purchase/order phase of the digital experience. In addition, Amazon has been known to experiment with themed, seasonal mobile and tablet apps like the Santa App they launched in December 2011 (see below) to help children help tell Santa what they wanted for Christmas.

3. Adjusting expectations

44% of mobile app users who will ultimately make in-app purchases take 10 visits to finally take that step. 33% will make a purchase between their second and ninth visit. 22% will become customers after using your app only once. 22% isn’t bad, but remember not to try and set unrealistic goals for your digital team. And remember to design your app around realistic consumer behaviors and not in opposition to them.

Relevance: If your mobile app doesn’t enable and drive some kind of transaction, you probably haven’t designed it with the right objectives in mind.  Also, if your mobile app doesn’t make your customers’ shopping experience easier or better than it was before you launched the app, then it probably doesn’t offer enough value to be effective. Don’t just focus on what you hope customers will do but on why they should want to do it in the first place.

Fix: Don’t create an app just “to be in mobile.” Create an app that improves your customers’ lives in some way and/or solves a problem for them. If you are a retailer, it could simplify the shopping/purchasing/ordering process. If you are a utility, it could help customers pay their bills, browse services they don’t currently know, manage their utility usage, etc. If you are an insurance company, it might (in addition to scheduling payments) provide tips, real-time assistance and even file claims. (Think about car accidents, unexpected visits to the emergency room, etc.).

Note: Having a presence on social media channels can play a crucial part in the process of value creation we just outline. Listening to your customers (and your competitor’s customers) with the help of digital monitoring tools (yes, like Tickr) can help you identify pain points/areas of improvement. These could be turned into your mobile app’s key value-add features and make the difference between your app just being there and your app being a commercial success. Ideally, your presence on social channels also drives a healthy dialog between your company and your customers (don’t just listen to what they’re saying: also respond, ask for their advice, acknowledge their contribution to their process and reward them for their help), but even if you haven’t built that type of social practice yet, active listening will make a world of difference in your app’s ideation process. Don’t just guess. Go find out. It’s easy to do now. All you need are the right tools.

That’s it for today. We hope this post was helpful. And if you aren’t using Tickr Command Center yet, check out what we can do for you here.

You can also come say hello on Facebook and Twitter. We won’t spam you with useless marketing content. Scout’s honor.

Cheers,

The Tickr Team.

Here’s a quick tour of where things stand with key social media platforms today. Hat tip to HuffPo and iStrategyLabs for putting this together:

 What jumped out at us:

23% of Facebook users check their accounts 5x or more per day. That isn’t far from how often the average person accesses an email account every day, and most likely a lot more time than anyone spends on your company website. Give that some thought.

Also, 80% of users prefer to interact with brands on Facebook (than on other social channels). The value they get out of that interaction is 100% up to you though, so make it worth their while. (Most brands don’t make it worth anyone’s while. Work harder at this.) 77% of B2C companies and 43% of B2B companies report having acquired customers from Facebook. [source]

By the way, 488 million users regularly use Facebook mobile. (See our previous posts that touch on mobile statistics.)

34% of companies have generated leads from Twitter. Or should we say “only” 34%? It should be 100%. (See our previous two posts. They touch on that and explain how to turn that around.) The magic word: monitor.

Bear in mind that about 0.05% of the total Twitter user population attracts almost 50% of attention on the channel. Without getting into discussions about the validity of “influencer scoring,” (Klout, Kred, etc.) understand that not all Twitter users are created equal. Some will amplify your reach while others will not. Seek to understand this process better. Test and map it if you can.

This also means that if you fail to understand how Twitter works, your content will go nowhere. 71% of the millions of tweets each day attract no reaction whatsoever. They may be seen, you may be able to estimate total “impressions,” but your audience’s reaction will be zero. Keep that in mind when designing content and evaluating its impact on your audience. (Content relevance/value matters.) Impressions are not behavior. There’s a missing link there that you need to provide.

Conversely, 56% of tweets from customers are still being ignored by companies. (Also see our two previous posts.) If every company had a mature social business program, that number would be zero. In the business, the technical term for this kind of insight is called an “opportunity.” Better get on that. (It’s so easy to fix that too. All you need is a decent monitoring tool. Ahem.)

635,000 people join Google+ every day. (Wow! That’s a lot. Really?) Look, even if Google+ is still a little odd and you don’t understand its value or purpose, start using it anyway. If anything, it’s a great platform for seamless collaboration between project teams inside your own organization. As Google+ continues to grow and evolve, you will grow and evolve with it.

Active users spend upwards of 60 minutes per day across Google products. (That’s email, Google search, G+, etc.) Compare that to the average 15-20 minutes per day spent on Facebook. We expect that the value of Google+ becomes clearer, usage will increase.

The average Instagram user spends more time there than on Twitter. And you may not know this, but Instagram is searchable. (Check out how Tickr incorporates Instagram images into its monitoring dashboard.) Here’s a screenshot if the link doesn’t work:

If there is one thing you should know about Pinterest, let it be this: Pinterest is social sharing on steroids. 80% of the content posted to Pinterest boards is repinned (like a share on Facebook or a retweet on Twitter). What this means: Pinterest is a strong vehicle for a) social discovery (from recommendations) and b) product bookmarking. Take a step back and consider opportunities for your business. If you’re a retailer of any kind, Pinterest should be on your radar. (You can post your products there, with back-links to an e-commerce site, for instance.) Same thing if you’re a hotel or a restaurant operator. Car manufacturers? Same deal. From summer camps to gyms and from cruise lines to media outlets, Pinterest might not be a bad investment. Create visual content that you can seed Pinterest with.

Remember: Social Discovery and (aspirational) product bookmarking. Bonus: 50% of Pinterest users have children,and 80% of these users are women. If you know your key target demos already, that’s pretty relevant information.

 So the moral of this post is that there’s still a ton of room for improvement in your social business program. No matter if you are a small little startup or a giant global brand, not only could you be doing better with social, but with a few small (and smart) changes, you might be able to see BIG results fairly quickly.

Our piece of that pie obviously deals with monitoring and listening. Just by combining the right focus and the right tools, you can increase lead generation virtually overnight. You can improve customer service (and consequently improve customer retention, loyalty and recommendations) in a very short timeframe as well, and perhaps even turn your social customer service practice into an overall cost savings project (it won’t be the first time). By being aware of where people spend their time, what they do there and how long they spend on these platforms each day, you can also improve brand awareness, product discovery, product recall, and even positively influence purchase intent (that whole product bookmarking thing is pretty effective).

So don’t get stuck on that whole “content is king” thing. It has value, but it turns out to be a small piece of a much bigger social business puzzle. Start focusing on the other pieces. The ones that actually create value, drive business, and boost loyalty. (Ironically, they may be cheaper than content creation.) Properly monitoring channels for threats, opportunities, reactions and consumer queries would be a great place to start.

Cheers,

The Tickr team.

As always, feel free to like us on Facebook, follow us on Twitter (we promise never to spam you with junk), and of course try the free version of Tickr. You can always upgrade to Pro or Enterprise later, but only if you want to.)