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Social Content:
benefits and best practices
Richard Anson
CEO and Founder
Reevoo in numbers




  750 million                     20
  pieces of Reevoo content        countries where Reevoo
  used by consumers each month    services are deployed


  3 million                       18%
  pieces of social commerce       average sales uplift
  content in the Reevoo network   from our services


  150
  businesses use our social
  commerce services


                                                           2
Agenda



         • Consumer demand for social content

         • Beyond the basics
           Optimising reviews to really work for your business



         • Social conversations
           Increasing customer engagement and sales



         • Social data
           Generating insight to improve your proposition



         • Where next?
Consumer demand
for social content
Demand for social content | Trusting our peers




    Friend’s recommendations
                                                                                     74%

    Consumer reviews
                                                                           65%
    The media
    (newspapers, magazines, blogs)                 34%
    Recommendations from
    shop assistants                               30%

    Advertising
                                                 26%
                                                         Source: Fly Research Online Survey September 2011


                                                                                                             5
Sales uplift with reviews
A new way to buy | The social purchase journey
A new way to buy | The social purchase journey




                                                 You can’t control the new
                                                 purchase journey.




                                                 You can influence it at key
                                                 junctures and touchpoints.
Social spheres | Your own website and beyond




                                                Your
                                               website
                  Offline
                                                           The web
                                                         & social web
                                        Mobile




                                                                        9
A new way to buy | The challenge



Your opportunity is to inject trusted social content
throughout the purchase journey to help you drive
revenue and customer loyalty.
Agenda




         • Consumer demand for social content

         • Beyond the basics
           Optimising reviews to really work for your business



         • Social conversations
           Increasing customer engagement and sales



         • Social data
           Generating insight to improve your proposition



         • Where next?
Beyond the basics
Optimising reviews to really work for your business
Beyond the basics | Optimised reviews increase traffic from all sources




                                                                          13
Beyond the basics | How reviews optimise your site for different traffic sources




    Organic traffic

    •Embeddable unique
    content

    •Refreshed daily

    •Expanded keyword
    reach


    Paid traffic

    •Cheaper PPC

    •Rich snippets drive click
    through rate




                                                                                   14
Beyond the basics | How reviews optimise your site for different traffic sources




                               • Compete on
                                 your reputation

                               • Greater engagement
                                 with customers




                                                                                   15
Beyond the basics | How reviews optimise your site for different traffic sources




                                                    • Improved engagement
                                                      with your brand

                                                    • Regular stream of
                                                      content for ‘customer
                                                      walls’

                                                    • Brand amplification




                                                                                   16
Beyond the basics | How reviews optimise your site for different traffic sources




                                                                            • Greater engagement
                                                                              with customers

                                                                            • Improved offering
                                                                              from executing
                                                                              against customer
                                                                              feedback

                                                                            • Increased return rate
                                                                              from loyal customers




                                                                                                      17
Beyond the basics | And once the traffic reaches your site…




                             • Greater engagement
                             • Improved on-site conversion
                             • Increased loyalty



                                                              18
Beyond the basics | Impact of optimised reviews on search engine traffic




       87 %                                                          34 %
                                       2x
        expanded                       more likely for               increase in
        keyword reach                  review-optimised              organic traffic
                                       pages to increase
                                       their rankings




                                                                                       19
Beyond the basics | Impact of optimised reviews on search engine traffic
Beyond the basics | Optimised product reviews increase conversion 3x
Beyond the basics | Optimised product reviews increase conversion 3x




                                                                       22
Beyond the basics | Social sharing drives traffic and brand engagement
Beyond the basics | Reputation reviews increase conversion 2.6x
Beyond the basics | Social content best practices




 Proactive harvesting                      Platform                        Trust




           Coverage      Depth        Speed         Leverage   Trust   Traffic




                                                                                   25
Beyond the basics | More content equals more conversions




                                                           26
Beyond the basics | Proactive engagement makes a huge difference




   Passive collection                             Proactive collection



           26 %                                               6 %
           of reviews are                                  of reviews are
         negative (below 5/10)                           negative (below 5/10)




                                                                                 27
Beyond the basics | Proactive engagement makes a huge difference




  Scores for the same product, on two different sites:


    One company waited for reviews              One company asked for reviews
         and the product scored                     and the product scored



                7.3                                         8.6
                out of ten                                  out of ten




                                                                                28
Beyond the basics | The importance of trust




                                              29
Agenda



         • Consumer demand for social content

         • Beyond the basics
           Optimising reviews to really work for your business



         • Social conversations
           Increasing customer engagement and sales



         • Social data
           Generating insight to improve your proposition



         • Where next?
Social conversations
Increasing customer engagement and sales
Social conversations | Reevoo Ask an Owner: confirmed owners help shoppers
Social conversations | Engagement and conversion increase on your site…




    4.8x                    3.5x                   1.1x                   1.8x
    time on site            pages viewed           visitor return rate    conversion
                            per visit              within 1 month         rate




                                                                                       33
Social conversations | … and across the social web
Agenda



         • Consumer demand for social content

         • Beyond the basics
           Optimising reviews to really work for your business



         • Social conversations
           Increasing customer engagement and sales



         • Social data
           Generating insight to improve your proposition



         • Where next?
Social data
Generating insight to improve your proposition
Social data | Actionable insights from customer feedback data




                                                                37
Social data | Reevoo Insight




              •   Specialist team within Reevoo

              •   Extensive experience analysing customer feedback

              •    Proprietary tools and analytical framework
                  developed in house

              •    Support provided in the form of standardized reports
                  or tailored project work

              •   A highly tailored, collaborative approach

              •   Information not data
Agenda



         • Consumer demand for social content

         • Beyond the basics
           Optimising reviews to really work for your business



         • Social conversations
           Increasing customer engagement and sales



         • Social data
           Generating insight to improve your proposition



         • Where next?
Where next?
Where next? | A vision of the future




                                       41
Thanks

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The quantitative importance of Social Commerce - Richard Anson - Reevoo

  • 1. Social Content: benefits and best practices Richard Anson CEO and Founder
  • 2. Reevoo in numbers 750 million 20 pieces of Reevoo content countries where Reevoo used by consumers each month services are deployed 3 million 18% pieces of social commerce average sales uplift content in the Reevoo network from our services 150 businesses use our social commerce services 2
  • 3. Agenda • Consumer demand for social content • Beyond the basics Optimising reviews to really work for your business • Social conversations Increasing customer engagement and sales • Social data Generating insight to improve your proposition • Where next?
  • 5. Demand for social content | Trusting our peers Friend’s recommendations 74% Consumer reviews 65% The media (newspapers, magazines, blogs) 34% Recommendations from shop assistants 30% Advertising 26% Source: Fly Research Online Survey September 2011 5
  • 7. A new way to buy | The social purchase journey
  • 8. A new way to buy | The social purchase journey You can’t control the new purchase journey. You can influence it at key junctures and touchpoints.
  • 9. Social spheres | Your own website and beyond Your website Offline The web & social web Mobile 9
  • 10. A new way to buy | The challenge Your opportunity is to inject trusted social content throughout the purchase journey to help you drive revenue and customer loyalty.
  • 11. Agenda • Consumer demand for social content • Beyond the basics Optimising reviews to really work for your business • Social conversations Increasing customer engagement and sales • Social data Generating insight to improve your proposition • Where next?
  • 12. Beyond the basics Optimising reviews to really work for your business
  • 13. Beyond the basics | Optimised reviews increase traffic from all sources 13
  • 14. Beyond the basics | How reviews optimise your site for different traffic sources Organic traffic •Embeddable unique content •Refreshed daily •Expanded keyword reach Paid traffic •Cheaper PPC •Rich snippets drive click through rate 14
  • 15. Beyond the basics | How reviews optimise your site for different traffic sources • Compete on your reputation • Greater engagement with customers 15
  • 16. Beyond the basics | How reviews optimise your site for different traffic sources • Improved engagement with your brand • Regular stream of content for ‘customer walls’ • Brand amplification 16
  • 17. Beyond the basics | How reviews optimise your site for different traffic sources • Greater engagement with customers • Improved offering from executing against customer feedback • Increased return rate from loyal customers 17
  • 18. Beyond the basics | And once the traffic reaches your site… • Greater engagement • Improved on-site conversion • Increased loyalty 18
  • 19. Beyond the basics | Impact of optimised reviews on search engine traffic 87 % 34 % 2x expanded more likely for increase in keyword reach review-optimised organic traffic pages to increase their rankings 19
  • 20. Beyond the basics | Impact of optimised reviews on search engine traffic
  • 21. Beyond the basics | Optimised product reviews increase conversion 3x
  • 22. Beyond the basics | Optimised product reviews increase conversion 3x 22
  • 23. Beyond the basics | Social sharing drives traffic and brand engagement
  • 24. Beyond the basics | Reputation reviews increase conversion 2.6x
  • 25. Beyond the basics | Social content best practices Proactive harvesting Platform Trust Coverage Depth Speed Leverage Trust Traffic 25
  • 26. Beyond the basics | More content equals more conversions 26
  • 27. Beyond the basics | Proactive engagement makes a huge difference Passive collection Proactive collection 26 % 6 % of reviews are of reviews are negative (below 5/10) negative (below 5/10) 27
  • 28. Beyond the basics | Proactive engagement makes a huge difference Scores for the same product, on two different sites: One company waited for reviews One company asked for reviews and the product scored and the product scored 7.3 8.6 out of ten out of ten 28
  • 29. Beyond the basics | The importance of trust 29
  • 30. Agenda • Consumer demand for social content • Beyond the basics Optimising reviews to really work for your business • Social conversations Increasing customer engagement and sales • Social data Generating insight to improve your proposition • Where next?
  • 32. Social conversations | Reevoo Ask an Owner: confirmed owners help shoppers
  • 33. Social conversations | Engagement and conversion increase on your site… 4.8x 3.5x 1.1x 1.8x time on site pages viewed visitor return rate conversion per visit within 1 month rate 33
  • 34. Social conversations | … and across the social web
  • 35. Agenda • Consumer demand for social content • Beyond the basics Optimising reviews to really work for your business • Social conversations Increasing customer engagement and sales • Social data Generating insight to improve your proposition • Where next?
  • 36. Social data Generating insight to improve your proposition
  • 37. Social data | Actionable insights from customer feedback data 37
  • 38. Social data | Reevoo Insight • Specialist team within Reevoo • Extensive experience analysing customer feedback • Proprietary tools and analytical framework developed in house • Support provided in the form of standardized reports or tailored project work • A highly tailored, collaborative approach • Information not data
  • 39. Agenda • Consumer demand for social content • Beyond the basics Optimising reviews to really work for your business • Social conversations Increasing customer engagement and sales • Social data Generating insight to improve your proposition • Where next?
  • 41. Where next? | A vision of the future 41