Tuesday, 6 May 2014

Increase Purchase Intent Through Social Media Responsiveness

Increase-Purchase-Intent-Through-Social-Media-Responsiveness
If you’re a ‘set it and forget it’ kind of social media marketer, recent statistics published on Inc. (via Column Five, survey data from Bazaarvoice) may have you thinking more strongly about getting involved in audience-initiated conversations and reviews.
To cut to the chase, investing in social media customer service support and responding to consumer feedback can have a dramatically positive influence on purchase intent, not just for the consumers you interact with, but also the consumers that later view those interactions.
Following are a few stats to support the importance of responding to your audience:

Shoppers who read brand responses that offer to refund, upgrade, or exchange products are 92% more likely to purchase

Offering refunds, upgrades or exchanges reduces the perceived risk of making a purchase decision.
WHAT YOU CAN DO: Invest time in social listening to identify opportunities to provide customer service, and have a plan in place to resolve issues as quickly and directly as possible (you’ll see the benefit of this in the next stat).

Shoppers who see brand responses that provide closure to an issue, versus requiring additional actions, are 27% more likely to purchase

If prospective consumers can be witness to customer service issues through to resolution, it will give them an increased level of confidence that the brand will stand behind and support their products and/or services into the future. It will also give consumers insight into your customer service process, assuring them that if they have any future need for service that they will be well taken care of.
WHAT YOU CAN DO: Provide the fastest and most direct customer service solutions possible, even if it costs more at a per-interaction level (of course you will need to calculate real costs and make a proper judgment for your business). This can ultimately yield greater returns by way of increased customer acquisition and reduced human resources required for customer service issues. If you can resolve an issue directly online or on social media and bypass a more traditional customer service phone line, do it.

When brands respond to product misuse with guiding explanations, shoppers who see the review responses are 186% more likely to purchase

Responding to reviews that exhibit common cases of product misuse can reassure otherwise trepidatious prospective customers that the quality of your product is sound.
WHAT YOU CAN DO: Don’t let reviewers who are misusing your product negatively sway the purchase intent of future consumers. Offer those reviewers top-tier customer service to resolve their issues, but also take time to explain how proper use of your product can avoid recurring problems for any prospective consumer that could later be perusing reviews.
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Clearly, there is tremendous opportunity to be had by responding to your customers’ reviews and providing top-tier customer service support, not just for purposes of customer retention, but also for acquisition.
What efforts do you make to set the record straight in negative reviews of your products?
How do you monitor what your customers are saying about your products online and on social media?
Do you have any success stories to share of when responding to a customer complaint yielded a positive result?


Amazon Now Lets You Tweet Products Into Your Shopping Cart


Today Amazon introduced #AmazonCart, a new hashtag that lets Twitter users add potential purchases to their Amazon shopping cart with a tweet. 
The new feature requires you to connect your Twitter account to Amazon. Then, when you see someone tweet out a link to an Amazon product, you can simply reply with the #AmazonCart hashtag (#AmazonBasket in the UK), and the linked product will appear in your online shopping cart.
Unfortunately, #AmazonCart doesn’t actually simplify the buying process. It’s mostly a way to bookmark an item you want to purchase later. You still have to log in to Amazon to complete the purchase; using the hashtag doesn't commit you to an impulse buy. And since Twitter is public, anyone can see what you’ve added to your shopping cart. 
While this sort of deal might seem to bring Twitter one step closer to pulling in the e-commerce big bucks, the social network doesn’t actually make any money from sales that started with #AmazonCart, as Recode notes
It's also not clear that similar deals have done much for Twitter in the past. American Express and Starbucks have both tried to get customers to use Twitter hashtags and spend money. Neither program has really taken off. While Starbucksboasted about $180,000 in sales in the first three months of the #tweetacoffee campaign, a cursory Twitter search shows just a handful of tweets in the last few weeks. 
Image via Amazon

Google Wallet Is Coming To Glass


Google Wallet is coming to Glass soon. According to a source close to the company, Google is currently testing a way for Glass users to send money to their friends through Wallet by simply using their voices to ask Glass to “send money.” The company is testing this service internally right now, but chances are it will launch to all Glass users in the near future.
To install the Wallet service on their devices, Glass users currently have to be signed in to a computer on Google’s corporate network. From there, they can install the Wallet glassware, and after setting the service up from there, they are ready to send money from Glass.
Given that Google has also rolled out a similar feature for Gmail users, it’s not a huge surprise that the company would also want to bring the ability to send money from Glass. The use cases, after all, are pretty much identical. Imagine you’re at a restaurant and you want to send your share of the bill to a friend. You simply ask Glass to “send money,” swipe through the interface a few times and you’re done (that’s assuming your friends let you wear your Glass while having dinner with you, of course).
By default, Google takes a 2.9 percent fee for these Wallet transactions or 30 cents — whichever is higher.