SlideShare une entreprise Scribd logo
1  sur  14
Télécharger pour lire hors ligne
©PowerReviews. All Rights Reserved 												 		 2015 Retail Revolution | 1©PowerReviews. All Rights Reserved 												 2015 Amplify and Unify the Voice of the Consumer| 1
Unify and Amplify the
Voice of the Consumer
Improving products, services,
and shopping experiences
©PowerReviews. All Rights Reserved 												 		 2015 Retail Revolution | 2©PowerReviews. All Rights Reserved 												 2015 Amplify and Unify the Voice of the Consumer| 2
Vision: The Transparency Economy
©PowerReviews. All Rights Reserved 												 		 2015 Retail Revolution | 3©PowerReviews. All Rights Reserved 												 2015 Amplify and Unify the Voice of the Consumer| 3
PowerReviews believes in the transformative power of
authenticfeedbacktobenefitbothconsumersandbusinesses.
In the long history of commerce, the radical idea of asking
customers for feedback and then displaying that feedback
for all shoppers to read at the moment of purchase is a new
and disruptive idea. Amazon introduced customer reviews
and helped to popularize them nearly 20 years ago, and every
consumer marketer has been racing to catch up ever since.
Today people review nearly everything: recipes, hotels,
restaurants, movies, books, mobile apps, music, experiences,
and web sites, and in the future consumer demand will
drive educational institutions, healthcare organizations and
government agencies to collect and display reviews on their
sites. Consumers expect to see star ratings, questions and
answers, and increasingly images and videos—before making
purchase decisions.
As B2B marketers increasingly adopt B2C techniques and
technologies, reviews will transform the purchase journey for
businesses as well. Transparency is transforming our economy
and our lives.
Breaking down barriers
Consumers use smart devices to shop online and to enhance
the in-store experience, blurring the lines between digital and
real-world shopping. They bring their online expectations into
the store, where they seek promotions, product information,
and reviews to inform their purchase decisions while shopping
in-store. Stores that don’t bridge the online and in-store
experience with reviews and other relevant content drive
consumers to competitor sites, where they often complete
their purchases.
©PowerReviews. All Rights Reserved 												 		 2015 Retail Revolution | 4©PowerReviews. All Rights Reserved 												 2015 Amplify and Unify the Voice of the Consumer| 4
Hyper-personalized selling across channels
Smart sellers focus on generating the right content and
making it easily accessible to shoppers online and in-
store. Innovative sellers push hyper-relevant content to
the consumer at the moment of purchase. And they use a
consumer’s purchase and browsing data, along with feedback
on their online experience, to personalize a shopper’s in-store
experience and vice versa.
Personalized content has come a long way from an email that
included the shopper’s first name. Data and technology now
make it possible to understand a shopper’s habits and desires
based not only on demographics and cross-channel purchase
history, but also on rating and review history, web browsing,
email and social media interaction, location proximity to
specific stores and products, and even mood information
from wearable technology. Armed with this data, sellers and
brand manufacturers can push hyper-personalized offers to
shoppers to guide their purchase decisions, online or in-store,
delivering a seamless shopping experience across channels.
Insights to improve products,
services, and the bottom line
Consumersaregivingincreasinglyvisualanddetailedfeedback
about brands, sellers, services, locations and experiences,
creatingauniverseofdataforproviderstoshapeintoactionable
insights. What’s more, user-generated content provides real-
time feedback that focus groups and traditional surveys can’t
match. For example, product defects can be identified and
corrected before launch thanks to product sampling and
reviews. The data can also offer retailers the opportunity to
optimize their merchandise mix, minimize returns and even
address location-specific requirements. The Transparency
Economy is a hugely valuable and lucrative opportunity
for retailers and brands, as it helps them understand their
customers and act strategically based on proven data.
©PowerReviews. All Rights Reserved 												 		 2015 Retail Revolution | 5©PowerReviews. All Rights Reserved 												 2015 Amplify and Unify the Voice of the Consumer| 5
Redefining the “Review”
The role and concept of a review is changing. We think of
them as star ratings, keywords, descriptions, images and more,
but as the industry grows, reviews are becoming an ongoing
discussion between businesses and consumers. The latter are
asking businesses specific questions about their products,
and speaking to other consumers about their experiences.
With reviews, retailers and brands can listen and adjust their
offerings to ensure their customer’s needs are met with better
products, services and shopping experiences. Reviews are
becoming the primary tool that consumers and businesses use
to listen and learn.
Reviews Create the Brand
The transparency economy – where reviews exist as an
ongoing discussion between brand and consumer - is a reality.
For example, your airline won’t send you a survey about
your flight experience and then only share that feedback
internally. In the Transparency Economy, you and your fellow
passengers will publically rate the ticket buying, gate and flight
experience, plus the snacks and wine selection, or even the
inflight magazine, seat and reading light. The jokes of the flight
attendants may even come under scrutiny.
These public reviews help the airline improve its service to
passengers and helps passengers choose the right airline, flight,
and seat based on their needs and preferences. This feedback
also shapes public perception of the airline. With reviews,
airlines have the potential to differentiate themselves in many
ways beyond price. Companies don’t create the brand; reviews
create the brand.
Reviews are becoming the primary
tool that consumers and businesses
use to listen and learn.
©PowerReviews. All Rights Reserved 												 		 2015 Retail Revolution | 6©PowerReviews. All Rights Reserved 												 2015 Amplify and Unify the Voice of the Consumer| 6
The PowerReviews Mission:
Unify and Amplify the
Voice of the Consumer
©PowerReviews. All Rights Reserved 												 		 2015 Retail Revolution | 6©PowerReviews. All Rights Reserved 												 2015 Amplify and Unify the Voice of the Consumer| 6
©PowerReviews. All Rights Reserved 												 		 2015 Retail Revolution | 7©PowerReviews. All Rights Reserved 												 2015 Amplify and Unify the Voice of the Consumer| 7
The PowerReviews mission is to unify and amplify the voice of
theconsumerthroughouttheirjourney,acrossallchannelsto
help consumers make better purchase decisions and to help
businesses drive sales and improve products and services.
Unify. Unifying the voice of the consumer in an integrated
platform and database, PowerReviews delivers a streamlined,
mobile-friendly experience for consumers as they provide
feedback throughout their shopping journey and a product’s
lifecycle.
Consumers can read and provide feedback on products,
sellers,services,locationsandexperiencesbefore,during,and
after their purchase. And businesses can mine that feedback
for insights to improve their offerings, while optimizing and
personalizing the consumer journey, online and in-store.
Amplify. PowerReviews amplifies the voice of the consumer
by distributing reviews to its Open Syndication Network of
more than 2,500 retailers on more than 5,000 websites.
Consumer ratings also appear in Google Search results,
Product Listing Ads, and Seller Ratings and are leveraged
in media, social, and digital marketing campaigns. Advanced
fraud detection and moderation ensure the authenticity of
consumer feedback, extending not only the reach, but also
the power of reviews.
©PowerReviews. All Rights Reserved 												 		 2015 Retail Revolution | 8©PowerReviews. All Rights Reserved 												 2015 Amplify and Unify the Voice of the Consumer| 8
The Future of Reviews Today
Our heroine has set a threshold in her banking account that
says if she saves more than her goal for a month, she can
spend half of the excess on a treat. She loves handbags, and
likes to spend her hard-earned money on them. Black and
bright colors are her favorite; she never buys brown. She
reviews each one she buys, and shares a photo of her with her
handbag. If she has bad experience with the handbag, she
posts that too. She’s purchased two bags with chain straps
that have broken after wear. The faulty bags had no reviews
when she purchased them. She rated both bags one star and
shared the reviews on social media. She no longer buys any
product that has less than 10 reviews.
She’s been thrifty this month so her banking app alerts her
smartwatch that she’s earned a shopping spree. Taking a
break at work to look at handbags online, she narrows her
search to those that fit within her splurge budget. At the
end of the day, she opens an email from her favorite retailer
highlighting black and bright bags within her price range,
rated 4.2-4.5. She isn’t presented with any bags that don’t
have reviews. Individual bags are selected based on her
browsing, buying, and feedback history. There are no brown
bags and no bags with chains.
©PowerReviews. All Rights Reserved 												 2015 Amplify and Unify the Voice of the Consumer| 8
©PowerReviews. All Rights Reserved 												 		 2015 Retail Revolution | 9©PowerReviews. All Rights Reserved 												 2015 Amplify and Unify the Voice of the Consumer| 9
As she leaves her office and walks toward the train, she gets
a push notification on her mobile phone from her favorite
retailer, letting her know that they have these bags in stock
just 2 blocks from her current location. She takes a detour
and goes to the store and looks at the bags and some wallets.
While trying on one of the handbags with her new jacket, she
receives another push notification with links to reviews on
the bag and offering her a discount on a matching wallet if
she purchases a bag today. She buys the bag. And the wallet.
After admiring how her bag complements her favorite dress
as she gets ready for work the following Monday, she opens
an email on her mobile requesting a review. She snaps a pic
with her and her new bag, selects 5 stars, writes a review
and shares it. Her friend in the next city sees the post and
goes bag shopping online. Meanwhile, the brand changes
manufacturers of the chain for handbags and replies to her
negative reviews of these bags, thanking her for her feedback
and letting her know of the change.
The brand improved its product. The retailer sold more
merchandise. And the increasingly loyal consumer is thrilled
with her purchase and the attention from the brand.
©PowerReviews. All Rights Reserved 												 2015 Amplify and Unify the Voice of the Consumer| 9
Unify and Amplify the Voice of the Consumer
throughout the consumer journey, across all channels
©PowerReviews. All Rights Reserved 												 		 2015 Retail Revolution | 11©PowerReviews. All Rights Reserved 												 2015 Amplify and Unify the Voice of the Consumer| 11
Delivering on the Mission Today with
Advanced Technology
©PowerReviews. All Rights Reserved 												 2015 Amplify and Unify the Voice of the Consumer| 11
©PowerReviews. All Rights Reserved 												 		 2015 Retail Revolution | 12©PowerReviews. All Rights Reserved 												 2015 Amplify and Unify the Voice of the Consumer| 12
A Unified Platform Drives Innovation
All of our software products are built on a single multi-tenant
SaaS platform. What does that mean? Faster Innovation.
Because we have only one platform to support, we can
focus on delivering new capabilities, rather than devoting
our resources to multiple platforms. And the PowerReviews
unified platform makes it easy for our clients to enhance their
implementation; when we release a new feature, it’s available
to everyone simply by turning the new feature on.
A Unified Database Drives Amplification, Insights.
A unified product catalog and advanced matching technology
means consumer feedback can be distributed to retailers
and Google Search and Shopping faster and with greater
accuracy, extending the reach of that content. And a unified
database of consumer feedback across the PowerReviews
network enables advanced analytics and actionable insights
to improve the consumer journey.
Mobile-Optimized
Whether purchasing online or using a mobile device to assist
in-store shopping, consumers are increasingly reading and
writing reviews on mobile devices. PowerReviews delivers
a mobile-optimized user experience for contributing and
reading feedback. With the industry’s smallest mobile
footprint for speedy page loads, PowerReviews ensures an
optimal consumer experience across all devices and channels.
©PowerReviews. All Rights Reserved 												 		 2015 Retail Revolution | 13©PowerReviews. All Rights Reserved 												 2015 Amplify and Unify the Voice of the Consumer| 13
Focus: More Reviews. Better Insights. Easy.
©PowerReviews. All Rights Reserved 												 2015 Amplify and Unify the Voice of the Consumer| 13
©PowerReviews. All Rights Reserved 												 		 2015 Retail Revolution | 14©PowerReviews. All Rights Reserved 												 2015 Amplify and Unify the Voice of the Consumer| 14
More Reviews
Morereviewsmeanmoretrafficandmoresales.PowerReviews
delivers Review Acceleration, Product Sampling and Social
Loyalty solutions to generate more of the user generated
content that turns browsers into buyers.
Better Insights
Reporting and analytics make it easy to measure impressions,
users, and clicks for ratings and reviews and Q&A as well
as the impact of content and engagement on conversions.
Innovative brands and retailers also use review data and
insights to improve their products, services, and operations.
Easy
Software providers should make things easier. At
PowerReviews, we’re committed to delivering software
solutions that are beautiful, intuitive for users, and easy to
implement, configure, and update with new capabilities. The
result is more consumer content, in less time, with less effort.
And from the first conversation to continued, personalized
support, you’ll see that we’re really easy to work with.

Contenu connexe

Tendances

Creating a Great Customer Experience Any Place with Tara and Anne
Creating a Great Customer Experience Any Place with Tara and AnneCreating a Great Customer Experience Any Place with Tara and Anne
Creating a Great Customer Experience Any Place with Tara and Anne
iQmetrixCorp
 
Building and Engaging a Loyal Customer Base - Minnix
Building and Engaging a Loyal Customer Base - MinnixBuilding and Engaging a Loyal Customer Base - Minnix
Building and Engaging a Loyal Customer Base - Minnix
Andy Larsen
 
Mobile Shopping Cliffhanger Research Paper
Mobile Shopping Cliffhanger Research PaperMobile Shopping Cliffhanger Research Paper
Mobile Shopping Cliffhanger Research Paper
John Hibel
 
Consumer decision journey HBR
Consumer decision journey HBR Consumer decision journey HBR
Consumer decision journey HBR
Sameer Mathur
 

Tendances (20)

Shoppers are Omni-Channel. Are you?
Shoppers are Omni-Channel. Are you?Shoppers are Omni-Channel. Are you?
Shoppers are Omni-Channel. Are you?
 
Creating a truly personalized Omni-channel customer experience
Creating a truly personalized Omni-channel customer experienceCreating a truly personalized Omni-channel customer experience
Creating a truly personalized Omni-channel customer experience
 
Consumer Decision Journey in the Digital Age
Consumer Decision Journey in the Digital AgeConsumer Decision Journey in the Digital Age
Consumer Decision Journey in the Digital Age
 
Digital Age & Its Effects On The Marketing model, Consumer Decision Journey a...
Digital Age & Its Effects On The Marketing model, Consumer Decision Journey a...Digital Age & Its Effects On The Marketing model, Consumer Decision Journey a...
Digital Age & Its Effects On The Marketing model, Consumer Decision Journey a...
 
The Evolution of the Omni-Channel Supply Chain Experience - N. Budzyn
The Evolution of the Omni-Channel Supply Chain Experience - N. BudzynThe Evolution of the Omni-Channel Supply Chain Experience - N. Budzyn
The Evolution of the Omni-Channel Supply Chain Experience - N. Budzyn
 
Creating a Great Customer Experience Any Place with Tara and Anne
Creating a Great Customer Experience Any Place with Tara and AnneCreating a Great Customer Experience Any Place with Tara and Anne
Creating a Great Customer Experience Any Place with Tara and Anne
 
Consumer Decision Journey
Consumer Decision JourneyConsumer Decision Journey
Consumer Decision Journey
 
Omni-channel Retail - Bridging the Digital and Brick & Mortar Divide
Omni-channel Retail - Bridging the Digital and Brick & Mortar DivideOmni-channel Retail - Bridging the Digital and Brick & Mortar Divide
Omni-channel Retail - Bridging the Digital and Brick & Mortar Divide
 
Mapping Manulife's Direct to Consumer Path-to-Purchase
Mapping Manulife's Direct to Consumer Path-to-PurchaseMapping Manulife's Direct to Consumer Path-to-Purchase
Mapping Manulife's Direct to Consumer Path-to-Purchase
 
How to win with Micro Moments
How to win with Micro Moments How to win with Micro Moments
How to win with Micro Moments
 
Beyond Omni-Channel Retailing
Beyond Omni-Channel RetailingBeyond Omni-Channel Retailing
Beyond Omni-Channel Retailing
 
2014 Retail Insight: The Impact of Omni-Channel Trends for 2014 and Beyond
2014 Retail Insight: The Impact of Omni-Channel Trends for 2014 and Beyond2014 Retail Insight: The Impact of Omni-Channel Trends for 2014 and Beyond
2014 Retail Insight: The Impact of Omni-Channel Trends for 2014 and Beyond
 
Evolution of luxury retailers in disruptive Omni-channel world
Evolution of luxury retailers in disruptive Omni-channel worldEvolution of luxury retailers in disruptive Omni-channel world
Evolution of luxury retailers in disruptive Omni-channel world
 
[VBCC 2021] Bernice Team
[VBCC 2021] Bernice Team[VBCC 2021] Bernice Team
[VBCC 2021] Bernice Team
 
Building and Engaging a Loyal Customer Base - Minnix
Building and Engaging a Loyal Customer Base - MinnixBuilding and Engaging a Loyal Customer Base - Minnix
Building and Engaging a Loyal Customer Base - Minnix
 
Mobile Shopping Cliffhanger Research Paper
Mobile Shopping Cliffhanger Research PaperMobile Shopping Cliffhanger Research Paper
Mobile Shopping Cliffhanger Research Paper
 
FASHION & BEAUTY TECH: 20 STARTUPS THAT ARE REINVENTING CUSTOMER EXPERIENCE
FASHION & BEAUTY TECH: 20 STARTUPS THAT ARE REINVENTING CUSTOMER EXPERIENCEFASHION & BEAUTY TECH: 20 STARTUPS THAT ARE REINVENTING CUSTOMER EXPERIENCE
FASHION & BEAUTY TECH: 20 STARTUPS THAT ARE REINVENTING CUSTOMER EXPERIENCE
 
mCommerce - A Frsh Look At Why It Matters
mCommerce - A Frsh Look At Why It Matters mCommerce - A Frsh Look At Why It Matters
mCommerce - A Frsh Look At Why It Matters
 
Top 7 Retail Trends for 2017
Top 7 Retail Trends for 2017Top 7 Retail Trends for 2017
Top 7 Retail Trends for 2017
 
Consumer decision journey HBR
Consumer decision journey HBR Consumer decision journey HBR
Consumer decision journey HBR
 

Similaire à Unify & Amplify the Voice of the Consumer - Position Paper

Ultimate Guide to Online Reviews
Ultimate Guide to Online ReviewsUltimate Guide to Online Reviews
Ultimate Guide to Online Reviews
Rock & Bloom
 
Word of Mouth Marketing.pptx
Word of Mouth Marketing.pptxWord of Mouth Marketing.pptx
Word of Mouth Marketing.pptx
Marina Ibrahim
 
TranformationalMarketingForManufacturers_Final
TranformationalMarketingForManufacturers_FinalTranformationalMarketingForManufacturers_Final
TranformationalMarketingForManufacturers_Final
E3 Marketing Group
 
The growth of eCommerce: does it impact brand strategy?
The growth of eCommerce: does it impact  brand strategy?The growth of eCommerce: does it impact  brand strategy?
The growth of eCommerce: does it impact brand strategy?
Nurun
 

Similaire à Unify & Amplify the Voice of the Consumer - Position Paper (20)

Informe de PwC sobre las expectativas y hábitos de consumo del comprador online
Informe de PwC sobre las expectativas y hábitos de consumo del comprador onlineInforme de PwC sobre las expectativas y hábitos de consumo del comprador online
Informe de PwC sobre las expectativas y hábitos de consumo del comprador online
 
Informes PwC - Encuesta Total Retail Global
Informes PwC - Encuesta Total Retail GlobalInformes PwC - Encuesta Total Retail Global
Informes PwC - Encuesta Total Retail Global
 
Ultimate Guide to Online Reviews
Ultimate Guide to Online ReviewsUltimate Guide to Online Reviews
Ultimate Guide to Online Reviews
 
Online Reviews & Reputation Management
Online Reviews & Reputation ManagementOnline Reviews & Reputation Management
Online Reviews & Reputation Management
 
An Introduction to Aeenaa
An Introduction to AeenaaAn Introduction to Aeenaa
An Introduction to Aeenaa
 
Whitepaper on Customer Experience Management (CEM) perspectives in Retail (De...
Whitepaper on Customer Experience Management (CEM) perspectives in Retail (De...Whitepaper on Customer Experience Management (CEM) perspectives in Retail (De...
Whitepaper on Customer Experience Management (CEM) perspectives in Retail (De...
 
Get to Know ion interactive
Get to Know ion interactiveGet to Know ion interactive
Get to Know ion interactive
 
Word of Mouth Marketing.pptx
Word of Mouth Marketing.pptxWord of Mouth Marketing.pptx
Word of Mouth Marketing.pptx
 
2018 loyalty-guide-fnl
2018 loyalty-guide-fnl2018 loyalty-guide-fnl
2018 loyalty-guide-fnl
 
TranformationalMarketingForManufacturers_Final
TranformationalMarketingForManufacturers_FinalTranformationalMarketingForManufacturers_Final
TranformationalMarketingForManufacturers_Final
 
Online and In the Aisle in Australia, 3 Word of Mouth Strategies for Global R...
Online and In the Aisle in Australia, 3 Word of Mouth Strategies for Global R...Online and In the Aisle in Australia, 3 Word of Mouth Strategies for Global R...
Online and In the Aisle in Australia, 3 Word of Mouth Strategies for Global R...
 
Aimia Insights:Rewarding Interactions
Aimia Insights:Rewarding InteractionsAimia Insights:Rewarding Interactions
Aimia Insights:Rewarding Interactions
 
The growth of eCommerce: does it impact brand strategy?
The growth of eCommerce: does it impact  brand strategy?The growth of eCommerce: does it impact  brand strategy?
The growth of eCommerce: does it impact brand strategy?
 
White Paper: Added Value Retail Services
White Paper: Added Value Retail ServicesWhite Paper: Added Value Retail Services
White Paper: Added Value Retail Services
 
Drive Revenue and Loyalty by Engaging Mobile and Social Consumers
Drive Revenue and Loyalty by Engaging Mobile and Social ConsumersDrive Revenue and Loyalty by Engaging Mobile and Social Consumers
Drive Revenue and Loyalty by Engaging Mobile and Social Consumers
 
PwC Canada Total Retail 2016
PwC Canada Total Retail 2016PwC Canada Total Retail 2016
PwC Canada Total Retail 2016
 
Marketing in the Era of the Connected Consumer
Marketing in the Era of the Connected ConsumerMarketing in the Era of the Connected Consumer
Marketing in the Era of the Connected Consumer
 
Customer Commitment Framework brochure
Customer Commitment Framework brochureCustomer Commitment Framework brochure
Customer Commitment Framework brochure
 
How to Map the Customer Journey and Improve Customer Experience
How to Map the Customer Journey and Improve Customer ExperienceHow to Map the Customer Journey and Improve Customer Experience
How to Map the Customer Journey and Improve Customer Experience
 
Online and in the Aisle in Australia: 3 Word-of-Mouth Strategies for Global R...
Online and in the Aisle in Australia: 3 Word-of-Mouth Strategies for Global R...Online and in the Aisle in Australia: 3 Word-of-Mouth Strategies for Global R...
Online and in the Aisle in Australia: 3 Word-of-Mouth Strategies for Global R...
 

Unify & Amplify the Voice of the Consumer - Position Paper

  • 1. ©PowerReviews. All Rights Reserved 2015 Retail Revolution | 1©PowerReviews. All Rights Reserved 2015 Amplify and Unify the Voice of the Consumer| 1 Unify and Amplify the Voice of the Consumer Improving products, services, and shopping experiences
  • 2. ©PowerReviews. All Rights Reserved 2015 Retail Revolution | 2©PowerReviews. All Rights Reserved 2015 Amplify and Unify the Voice of the Consumer| 2 Vision: The Transparency Economy
  • 3. ©PowerReviews. All Rights Reserved 2015 Retail Revolution | 3©PowerReviews. All Rights Reserved 2015 Amplify and Unify the Voice of the Consumer| 3 PowerReviews believes in the transformative power of authenticfeedbacktobenefitbothconsumersandbusinesses. In the long history of commerce, the radical idea of asking customers for feedback and then displaying that feedback for all shoppers to read at the moment of purchase is a new and disruptive idea. Amazon introduced customer reviews and helped to popularize them nearly 20 years ago, and every consumer marketer has been racing to catch up ever since. Today people review nearly everything: recipes, hotels, restaurants, movies, books, mobile apps, music, experiences, and web sites, and in the future consumer demand will drive educational institutions, healthcare organizations and government agencies to collect and display reviews on their sites. Consumers expect to see star ratings, questions and answers, and increasingly images and videos—before making purchase decisions. As B2B marketers increasingly adopt B2C techniques and technologies, reviews will transform the purchase journey for businesses as well. Transparency is transforming our economy and our lives. Breaking down barriers Consumers use smart devices to shop online and to enhance the in-store experience, blurring the lines between digital and real-world shopping. They bring their online expectations into the store, where they seek promotions, product information, and reviews to inform their purchase decisions while shopping in-store. Stores that don’t bridge the online and in-store experience with reviews and other relevant content drive consumers to competitor sites, where they often complete their purchases.
  • 4. ©PowerReviews. All Rights Reserved 2015 Retail Revolution | 4©PowerReviews. All Rights Reserved 2015 Amplify and Unify the Voice of the Consumer| 4 Hyper-personalized selling across channels Smart sellers focus on generating the right content and making it easily accessible to shoppers online and in- store. Innovative sellers push hyper-relevant content to the consumer at the moment of purchase. And they use a consumer’s purchase and browsing data, along with feedback on their online experience, to personalize a shopper’s in-store experience and vice versa. Personalized content has come a long way from an email that included the shopper’s first name. Data and technology now make it possible to understand a shopper’s habits and desires based not only on demographics and cross-channel purchase history, but also on rating and review history, web browsing, email and social media interaction, location proximity to specific stores and products, and even mood information from wearable technology. Armed with this data, sellers and brand manufacturers can push hyper-personalized offers to shoppers to guide their purchase decisions, online or in-store, delivering a seamless shopping experience across channels. Insights to improve products, services, and the bottom line Consumersaregivingincreasinglyvisualanddetailedfeedback about brands, sellers, services, locations and experiences, creatingauniverseofdataforproviderstoshapeintoactionable insights. What’s more, user-generated content provides real- time feedback that focus groups and traditional surveys can’t match. For example, product defects can be identified and corrected before launch thanks to product sampling and reviews. The data can also offer retailers the opportunity to optimize their merchandise mix, minimize returns and even address location-specific requirements. The Transparency Economy is a hugely valuable and lucrative opportunity for retailers and brands, as it helps them understand their customers and act strategically based on proven data.
  • 5. ©PowerReviews. All Rights Reserved 2015 Retail Revolution | 5©PowerReviews. All Rights Reserved 2015 Amplify and Unify the Voice of the Consumer| 5 Redefining the “Review” The role and concept of a review is changing. We think of them as star ratings, keywords, descriptions, images and more, but as the industry grows, reviews are becoming an ongoing discussion between businesses and consumers. The latter are asking businesses specific questions about their products, and speaking to other consumers about their experiences. With reviews, retailers and brands can listen and adjust their offerings to ensure their customer’s needs are met with better products, services and shopping experiences. Reviews are becoming the primary tool that consumers and businesses use to listen and learn. Reviews Create the Brand The transparency economy – where reviews exist as an ongoing discussion between brand and consumer - is a reality. For example, your airline won’t send you a survey about your flight experience and then only share that feedback internally. In the Transparency Economy, you and your fellow passengers will publically rate the ticket buying, gate and flight experience, plus the snacks and wine selection, or even the inflight magazine, seat and reading light. The jokes of the flight attendants may even come under scrutiny. These public reviews help the airline improve its service to passengers and helps passengers choose the right airline, flight, and seat based on their needs and preferences. This feedback also shapes public perception of the airline. With reviews, airlines have the potential to differentiate themselves in many ways beyond price. Companies don’t create the brand; reviews create the brand. Reviews are becoming the primary tool that consumers and businesses use to listen and learn.
  • 6. ©PowerReviews. All Rights Reserved 2015 Retail Revolution | 6©PowerReviews. All Rights Reserved 2015 Amplify and Unify the Voice of the Consumer| 6 The PowerReviews Mission: Unify and Amplify the Voice of the Consumer ©PowerReviews. All Rights Reserved 2015 Retail Revolution | 6©PowerReviews. All Rights Reserved 2015 Amplify and Unify the Voice of the Consumer| 6
  • 7. ©PowerReviews. All Rights Reserved 2015 Retail Revolution | 7©PowerReviews. All Rights Reserved 2015 Amplify and Unify the Voice of the Consumer| 7 The PowerReviews mission is to unify and amplify the voice of theconsumerthroughouttheirjourney,acrossallchannelsto help consumers make better purchase decisions and to help businesses drive sales and improve products and services. Unify. Unifying the voice of the consumer in an integrated platform and database, PowerReviews delivers a streamlined, mobile-friendly experience for consumers as they provide feedback throughout their shopping journey and a product’s lifecycle. Consumers can read and provide feedback on products, sellers,services,locationsandexperiencesbefore,during,and after their purchase. And businesses can mine that feedback for insights to improve their offerings, while optimizing and personalizing the consumer journey, online and in-store. Amplify. PowerReviews amplifies the voice of the consumer by distributing reviews to its Open Syndication Network of more than 2,500 retailers on more than 5,000 websites. Consumer ratings also appear in Google Search results, Product Listing Ads, and Seller Ratings and are leveraged in media, social, and digital marketing campaigns. Advanced fraud detection and moderation ensure the authenticity of consumer feedback, extending not only the reach, but also the power of reviews.
  • 8. ©PowerReviews. All Rights Reserved 2015 Retail Revolution | 8©PowerReviews. All Rights Reserved 2015 Amplify and Unify the Voice of the Consumer| 8 The Future of Reviews Today Our heroine has set a threshold in her banking account that says if she saves more than her goal for a month, she can spend half of the excess on a treat. She loves handbags, and likes to spend her hard-earned money on them. Black and bright colors are her favorite; she never buys brown. She reviews each one she buys, and shares a photo of her with her handbag. If she has bad experience with the handbag, she posts that too. She’s purchased two bags with chain straps that have broken after wear. The faulty bags had no reviews when she purchased them. She rated both bags one star and shared the reviews on social media. She no longer buys any product that has less than 10 reviews. She’s been thrifty this month so her banking app alerts her smartwatch that she’s earned a shopping spree. Taking a break at work to look at handbags online, she narrows her search to those that fit within her splurge budget. At the end of the day, she opens an email from her favorite retailer highlighting black and bright bags within her price range, rated 4.2-4.5. She isn’t presented with any bags that don’t have reviews. Individual bags are selected based on her browsing, buying, and feedback history. There are no brown bags and no bags with chains. ©PowerReviews. All Rights Reserved 2015 Amplify and Unify the Voice of the Consumer| 8
  • 9. ©PowerReviews. All Rights Reserved 2015 Retail Revolution | 9©PowerReviews. All Rights Reserved 2015 Amplify and Unify the Voice of the Consumer| 9 As she leaves her office and walks toward the train, she gets a push notification on her mobile phone from her favorite retailer, letting her know that they have these bags in stock just 2 blocks from her current location. She takes a detour and goes to the store and looks at the bags and some wallets. While trying on one of the handbags with her new jacket, she receives another push notification with links to reviews on the bag and offering her a discount on a matching wallet if she purchases a bag today. She buys the bag. And the wallet. After admiring how her bag complements her favorite dress as she gets ready for work the following Monday, she opens an email on her mobile requesting a review. She snaps a pic with her and her new bag, selects 5 stars, writes a review and shares it. Her friend in the next city sees the post and goes bag shopping online. Meanwhile, the brand changes manufacturers of the chain for handbags and replies to her negative reviews of these bags, thanking her for her feedback and letting her know of the change. The brand improved its product. The retailer sold more merchandise. And the increasingly loyal consumer is thrilled with her purchase and the attention from the brand. ©PowerReviews. All Rights Reserved 2015 Amplify and Unify the Voice of the Consumer| 9
  • 10. Unify and Amplify the Voice of the Consumer throughout the consumer journey, across all channels
  • 11. ©PowerReviews. All Rights Reserved 2015 Retail Revolution | 11©PowerReviews. All Rights Reserved 2015 Amplify and Unify the Voice of the Consumer| 11 Delivering on the Mission Today with Advanced Technology ©PowerReviews. All Rights Reserved 2015 Amplify and Unify the Voice of the Consumer| 11
  • 12. ©PowerReviews. All Rights Reserved 2015 Retail Revolution | 12©PowerReviews. All Rights Reserved 2015 Amplify and Unify the Voice of the Consumer| 12 A Unified Platform Drives Innovation All of our software products are built on a single multi-tenant SaaS platform. What does that mean? Faster Innovation. Because we have only one platform to support, we can focus on delivering new capabilities, rather than devoting our resources to multiple platforms. And the PowerReviews unified platform makes it easy for our clients to enhance their implementation; when we release a new feature, it’s available to everyone simply by turning the new feature on. A Unified Database Drives Amplification, Insights. A unified product catalog and advanced matching technology means consumer feedback can be distributed to retailers and Google Search and Shopping faster and with greater accuracy, extending the reach of that content. And a unified database of consumer feedback across the PowerReviews network enables advanced analytics and actionable insights to improve the consumer journey. Mobile-Optimized Whether purchasing online or using a mobile device to assist in-store shopping, consumers are increasingly reading and writing reviews on mobile devices. PowerReviews delivers a mobile-optimized user experience for contributing and reading feedback. With the industry’s smallest mobile footprint for speedy page loads, PowerReviews ensures an optimal consumer experience across all devices and channels.
  • 13. ©PowerReviews. All Rights Reserved 2015 Retail Revolution | 13©PowerReviews. All Rights Reserved 2015 Amplify and Unify the Voice of the Consumer| 13 Focus: More Reviews. Better Insights. Easy. ©PowerReviews. All Rights Reserved 2015 Amplify and Unify the Voice of the Consumer| 13
  • 14. ©PowerReviews. All Rights Reserved 2015 Retail Revolution | 14©PowerReviews. All Rights Reserved 2015 Amplify and Unify the Voice of the Consumer| 14 More Reviews Morereviewsmeanmoretrafficandmoresales.PowerReviews delivers Review Acceleration, Product Sampling and Social Loyalty solutions to generate more of the user generated content that turns browsers into buyers. Better Insights Reporting and analytics make it easy to measure impressions, users, and clicks for ratings and reviews and Q&A as well as the impact of content and engagement on conversions. Innovative brands and retailers also use review data and insights to improve their products, services, and operations. Easy Software providers should make things easier. At PowerReviews, we’re committed to delivering software solutions that are beautiful, intuitive for users, and easy to implement, configure, and update with new capabilities. The result is more consumer content, in less time, with less effort. And from the first conversation to continued, personalized support, you’ll see that we’re really easy to work with.