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Author: Franz Malten Buemann
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How Passionfroot’s Creator Akta Streamlines Content Scheduling with Buffer
We’re big fans of creators here at Buffer. We build products specifically for creators, and many of us working here at Buffer are creators. So we were beyond excited to see Passionfroot (another creator-focused company) using Buffer. Passionfroot simplifies the lives of creators by providing a one-stop-shop for managing sponsorships, collaborations, bookings, and payments. It’s essentially a storefront for fielding requests and managing back-office operations. But Passionfroot is more than just a tool; it’s a diverse community, with a team of second-generation immigrant founders and half of its angel investors from underrepresented minority groups.The Passionfroot teamAkta, the creator at Passionfroot, is a content creator, brand manager, and community builder, who hosts the Creators on Air podcast and writes the Frootful Creator newsletter. With Buffer, she’s been able to streamline her content scheduling process and grow her following on Instagram and LinkedIn. In this blog post, we’ll take you through Akta’s journey with Buffer. She shares how it has helped not only manage but expand her online presence.Setting Priorities and Facing ChallengesAs a content creator, Akta’s primary challenge is staying consistent across all platforms while delivering valuable content that caters to various creator types.Atka started her career as a dentist before becoming a creatorAkta wanted to set a publishing schedule for her podcast episodes and newsletters to prioritize her work effectively—but first, Akta needed to find a tool to help. When Akta began searching for a social media scheduling tool, she compared various options. Akta acknowledged that there’s a lot of different tools to pick from and finding the right one isn’t easy. She appreciated how Buffer offered a powerful yet free version of the tool to help creators like her figure out if it is right without breaking the bank. After reviewing the tools, Akta ultimately chose Buffer for its value. With it’s powerful free plan and reasonably priced paid plans.“I researched different tools for social media scheduling and Buffer offered the most for its value.”Integrating Buffer into Her WorkflowShe needed a tool that allowed her to batch-create content and schedule it over time, saving her valuable time. Buffer was there to help, however, Akta needed to tweak her workflow first. Akta has integrated Buffer into her workflow to manage her content on LinkedIn and Instagram. The process starts by uploading visuals and writing captions for each post in Buffer. She then chooses the most appropriate date and time to schedule the content, ensuring consistency and avoiding overwhelming her audience.“I try to make sure content is consistently being scheduled and spread out so it’s not overwhelming for audience but we’re still consistently getting a message across.”Using Buffer in Tandem with Other ToolsBuffer is a great social media management tool, but it’s not the only tool available to create and manage content. Akta leverages other tools such as Notion, Beehiiv, Final Cut Pro, and Riverside to create a well-rounded content creation and management workflow.For instance, Akta uses Riverside for recording podcasts, which ensures that the audio quality is always top-notch. Final Cut Pro is her preferred tool for editing podcasts to ensure that they are polished and professional. Beehiiv is the tool she uses to send newsletters to her subscribers, while Notion helps her write articles and create a content calendar to ensure that her content is well-planned and organized.By exploring and utilizing other tools that complement Buffer’s strengths, Akta creates engaging and high-quality content that builds your brand online.Achievements with BufferSince implementing Buffer, Akta has observed significant growth on Instagram and LinkedIn. Consistent content scheduling has helped Passionfroot establish a stronger presence and extend its reach. Additionally, Buffer has reduced the stress of manual posting for Akta, allowing her to focus on other aspects of her work.“We’ve been more consistent on Instagram and Linkedin which has helped us to grow our platforms. It’s also taken a lot of stress off my shoulders for posting.”Akta’s story with Buffer illustrates how a powerful social media scheduling tool can help content creators and brand managers grow their following, create better content, and save time, all without breaking the bank.Thanks to Buffer’s scheduling capabilities and other features, Akta has been able to maintain a consistent social media presence, which has been crucial to Passionfroot’s growth and success. If you’re looking for an affordable and efficient way to manage your content, Buffer might be for you. So, why wait? Get started today →
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Why the New York Logo Update Was A Rebranding Flop
Welcome to HubSpot Marketing News! Tap in for campaign deep dives, the latest marketing industry news, and tried-and-true insights from HubSpot’s media team.
Newer isn’t always better. At least that was the consensus among New Yorkers after the Partnership for New York rolled out its new logo for New York City last month.
The “We ❤️ NYC” mark debuted in late March and was intended to be a modern update of Milton Glaser’s iconic “I ❤️ NY” logo. The imagery coincides with a new campaign aiming to diffuse the “divisiveness and negativity” stemming from the COVID-19 pandemic.
Image Source
Notable changes to the logo include:Changing the “I” to “We”
Updating the heart so it appears more like a heart emoji
Replacing the typewriter-style font with a variation of Helvetica to match New York subway signage
Adding the “C” at the end of “NY” so the logo refers specifically to New York CityWhile the new logo was intended to bring people together, unfortunately, it has succeeded in helping people bond over how much they dislike it. This tweet asking folks to share what they think of the new logo has racked up over 2,200 responses that are overwhelmingly negative.
What went wrong with NYC’s new logo?
For starters, “I ❤️ NY” is a tough act to follow.
The original logo designed by Glaser was introduced in 1977 to reinvigorate tourism and morale in New York after a long economic and social slump. Over four decades, it became a beloved image and catchphrase for both the city and state of New York.I think the city that currently owns the most iconic branding in the entire world should not rebrand.— Allana Harkin (@AllanaHarkin)
March 20, 2023Much of the criticism of the new logo is directed at the design itself. Many people have questioned the lack of symmetry (We NYC ❤️?), the emoji-esque heart, and the font choice (Helvetica is very widely used).
These elements make the design look unprofessional and unoriginal which feels off-brand for a city known for being a hub of creativity and rich culture, ultimately causing the attempted rebrand to fall flat.
Elsewhere in Marketing
The latest marketing news and strategy insights.
Deepfakes: The use of AI is causing a rise in realistic-looking fake images. Learn what that means for marketers.
TikTok Ban: Pew Research conducted a study to see how Americans felt about the possibility of a TikTok ban and the results may (or may not) surprise you.
YouTube reports that fan-created Shorts can help some creators and artists double their audiences.
Reel-y? How photos are making a comeback on Instagram.
ChatGPT may be banned in Italy due to privacy and safety concerns.
Twitter continues to face roadblocks in recovering advertising revenue since its sale last year.
Biggest consumer behavior shifts: how consumer habits are changing in 2023. -
How AI Works: The Basics You Need to Know
Artificial intelligence technology has come a long way since the days of IBM’s Deep Blue, a computer designed to play chess against humans. Nowadays, AI software can improve existing workflows, predict customer behavior, and do much more.
AI is rapidly shaping the marketing landscape. Your team will need to adapt its tech stack to keep up with the competition.
Let’s look at what AI is and how you can use this technology to save time, improve the quality of your leads and, ultimately, make better sales.
Table of ContentsWhat is AI?
The Benefits of AI
How does AI work?
The Four Concepts of AI
How to Create Basic AI
AI Use Cases for MarketersAI can replicate human discernment and make real-time decisions. In other words, artificial intelligence is programmed to think, act, and respond just like a real, live human.
AI is not to be confused with automation. Although both automation and AI use real-time data to perform a function, the mechanics and output are vastly different.
For example, automation requires manual data input to perform a certain task. Using an algorithm, that task will repeat, regardless of what the data says or if there’s an error.
AI, on the other hand, is machine learning. Meaning it requires an input of data. As it processes the data, AI can recognize behavior patterns and errors, then adjust its functions and algorithms as needed.
AI is growing in popularity and can be used across a variety of industries. Let’s take a look at the benefits of using it.The Benefits of AI
Although AI is not exactly fool-proof, it is pretty close to it. There are many benefits to using AI in your workflow and processes. Here are just a few examples of its benefits.
1. It reduces human error.
Let’s face it. Sometimes people make mistakes. We are only humans, after all. The thing about making a mistake is that we can usually learn from it, process what we have learned, and attempt not to make the same mistake again.
Artificial intelligence operates in the same way. While AI acts and performs like a human, it can vastly reduce human error by helping us understand all possible outcomes and choosing the most appropriate one.
AI uses real-time data to predict alternative outcomes. Using data and predictions, we can better understand our options, the results, and the impacts of those outcomes.
This is particularly helpful in business. Decision-makers can consider all possibilities before moving forward.
2. It helps with research and data analysis.
Another benefit of AI is using technology for research and data analysis. AI technologies are smart and can gather necessary information and make predictions in minutes.
What would usually take a human months of research can now be done in significantly less time.
The data collected by AI and the analysis performed are invaluable. With the information collected by AI, your data analysts are better able to make smarter, more informed decisions in less time.
Use the data collected by AI alongside your data analysts’ work.
3. It can makes unbiased, smart decisions.
With the appropriate data, AI removes bias from decision-making. To get the best, unbiased results using AI technologies, you need to ensure you input the most accurate information and data set.
When AI is given the best data, it can accurately predict outcomes, solve problems, and properly perform its functions without human favor of a particular desired result.
However, if the data you feed your AI programs is flawed, you will likely have a biased outcome.
Be sure to check your data for accuracy to maximize this benefit of AI.
4. It performs repetitive tasks.
Although automation and AI are not the same technologies, AI can act like an advanced version of automation, meaning it can be used to perform repetitive tasks and suggest alternative outcomes.
Using AI to perform repetitive tasks gives your employees more time to work on other more complex matters, like closing a sale or checking in with current clients on your roster to retain customers.
AI can be used to perform a multitude of repetitive tasks. AI can perform tasks in HR, like employee onboarding.
AI can also integrate with a chatbot into your website. Although a chatbot might not provide a human touch when interacting with potential customers, using AI to automate interactions between your company and your clients can jump-start processes and move your clients through your pipeline.
For example, AI can help a would-be customer start a new inquiry and gather important customer information and behavior data. Then, that data can be entered into your CRM for later review.How does AI work?
AI technology is a complex and extremely useful for businesses. HubSpot has incorporated AI right into its software to augment already existing workflows.
HubSpot’s AI can uncover team performance by monitoring sales calls and providing insight to the team. It can also optimize content or create transcripts of recordings and calls.
If AI is a complex but necessary technology, how does it work?
To put it simply, AI works by combining large data sets with intuitive processing algorithms. AI can manipulate these algorithms by learning behavior patterns within the data set.
It’s important to understand that AI is not just one algorithm. Instead, it is an entire machine learning system that can solve problems and suggest outcomes.
Let’s look at how AI works step-by-step.
Input
The first step of AI is input. In this step, an engineer must collect the data needed for AI to perform properly.
Data does not necessarily have to be a text input; it can also be images or speech. However, it’s important to ensure the algorithms can read inputted data.
It’s also necessary to clearly define the context of the data and the desired outcomes in this step.
Processing
The processing step is when AI takes the data and decides what to do with it. While processing, AI interprets the pre-programmed data and uses the behaviors it has learned to recognize the same or similar behavior patterns in real-time data, depending upon the particular AI technology.
Data Outcomes
After the AI technology has processed the data, it predicts the outcomes. This step determines if the data and its given predictions are a failure or a success.
Adjustments
If the data set produces a failure, AI technology can learn from the mistake and repeat the process differently. The algorithms’ rules may need to be adjusted or changed to fit the data set.
Outcomes may also shift during the adjustment phase to reflect a more desired or appropriate outcome.
Assessments
Once AI has finished its assigned task, the last step is assessment. The assessment phase allows the technology to analyze the data and make inferences and predictions. It can also provide necessary, helpful feedback before running the algorithms again.
AI is extremely beneficial in business. However, choosing the right AI technology for your business needs is important.The Four Concepts of AI
Image Source
As previously mentioned, not every type of AI will be appropriate for your business, your processes, or your data set. In fact, there are four main concepts of AI that you should consider.
1. Reactive Machine
Reactive machines live up to their concept name. This type of AI can respond or react to real-time data. However, this AI is limited and can’t store information or build a memory bank.
Because it can’t store memories, the AI can’t use past experience to analyze data based on new data behavior.
Reactive machine technologies are best used for repetitive tasks designed for simple outcomes. Consider using reactive machines to organize new client information or filter spam from your inbox.
2. Limited Memory
Unlike reactive machines, limited memory technologies can store and use information to learn new tasks. A limited memory machine will need pre-programmed data to be set in motion.
Once it has processed that information, it can analyze real-time data to make predictions and observations.
Limited memory technology is the most common AI technology used in business. In fact, this is the technology that makes self-driving cars work.
A chatbot is an example of limited memory technology. Chatbots use pre-programmed data to interact with customers and predict their needs based on their actions and inquiries.
3. Theory of Mind
Theory of mind technology is more advanced than limited memory. Like limited memory, theory of mind technology can store information and make observations based on the real-time data it observes.
This technology is more advanced, though, meaning it can respond to human emotions.
Theory of mind technology must be designed to understand that humans are complex, with individual thought patterns and past experiences that affect how they respond to certain stimuli. Because of this, theory of mind technologies are not yet fully developed.
As it stands now, AI cannot fully respond to people in a human-like manner.
4. Self-Aware
Self-aware technology takes the theory of mind technology one step further. It can process information, store it, use it to inform decision-making processes, understand human emotions and feelings, and is also self-aware on a human level.
In other words, self-aware machines operate like human consciousness and can have their own thoughts and feelings.
Self-aware technology is still a very long way off from being fully developed. But, scientists and researchers are making small strides in understanding how to implement human emotions into AI technology.How to Create Basic AI
AI does not have to be overly complicated in order for you to benefit. You can use AI to perform repetitive functions that drain your employees of their valuable time — time that could be spent strengthening client relationships or making a sale.
To use AI, consider the processes and workflows you can remove from your employees’ plates. Specifically, think about processes you can automate and will not have to tweak as AI does its job.
Let’s look at the basics of implementing AI in your workflow.
1. Define the problem.
Before you decide to incorporate AI into your workflow, consider the processes your teams use daily that are time-consuming and repetitive.
Does your team spend significant time sorting through data to find contact information for potential clients? Could they use their time better by speaking to potential clients and onboarding new customers?
Take some time to identify time-consuming workflows and make a list. From this list, pick a process that is straightforward and repetitive.
2. Define the outcomes.
AI should enhance your already established processes. After you have made a list of processes and workflows that can benefit most from AI, define the desired outcomes.
For example, AI can gather and sort customer data. But before AI can sort through your potential customer base, you need to tell it what to look for and how to sort the information.
Be sure to clearly define the outcomes of your AI processes. AI works best if you have an end goal in mind.
3. Organize the data set.
Having an extensive, organized data set to input into AI technologies is critical. If you do not already keep your data in a centralized location, it’s best that you do that before implementing AI. You don’t want your program to miss an essential data set because it was housed in a different system.
Use a CRM, like HubSpot’s, to organize your data. You’ll need clean data that the algorithm can read. That way, AI technology can understand the data set and recognize its patterns and behaviors.
4. Pick the right technology.
There are hundreds of AI algorithms to choose from, each performing a task with varying efficiency and quality. It’s important to understand that not every algorithm will suit your data set, problem, or desired outcome.
Spend time researching the best AI technology and choosing the one that best fits your needs. Once you have selected an AI technology, run the data to create a model.
5. Test, simulate, and solve.
Now that you have the appropriate technology and a model of what the data should do, rerun the data to test it. This will allow you to determine any kinks that need to be worked out. Once you’re ready to deploy AI, embed it into your workflows, and let it do its thing!
Now you and your employees have more time for more pressing and valuable matters.AI Use Cases for Marketers
AI technologies can significantly enhance marketing teams’ performance in various ways.
We already know AI can be used for the chatbots on your customer-facing websites. But there are many other ways to incorporate AI into your marketing game. Here’s how.
Sales Forecasting
Sales forecasting is like looking into a crystal ball. Only this crystal ball predicts the future margins of sales for your company.
Analysts must collect necessary data from various sources to make an appropriate forecast. Then, they’ll sort through the data and customer behaviors, compare it to historical data, and predict future sales.
Data analysts often use automated algorithms to help them sort through historical data and keep track of important new information. This process can take quite a while.
But the good news is it can be sped up significantly with the help of AI technology. AI can store data collected from chatbots, analyze which customers are most likely to make a sale, compare real-time data with historical data, and make predictions and assumptions about future sales.
AI uses predictive analytics and can predict forecasts that are up to 80% accurate.
Targeted Advertisements and Content Personalization
Targeted advertising and content personalization is Marketing 101. Every good marketer knows that to make the most sales, it’s necessary to put your brand in front of the eyes of the appropriate audience. AI technologies take targeted advertisements one step further.
You already know your target audience, but do you know exactly what they do after seeing your company’s ad? The reality is you might have a good indicator of customer behavior, but sometimes you may miss the mark. AI can help you make a better inference.
AI can use predictive analytics to determine customer behavior and potential customers’ actions after seeing your ad. The massive amount of advertising information and customer behavior data gathered by AI can also display the next appropriate ad to your customers.
Lead Generation
In the past, a marketer would need to run several advertisements, collect potential customer data, create a customer profile, establish a contact list, and begin contacting would-be clients. This process would likely take days to complete, cutting into sales time.
AI drastically reduces the time marketing and sales teams spend on lead generation. AI can gather customer data, create customer profiles, and generate a contact list of potential customers most likely to make a purchase.
With the time saved, salespeople can better use their time by contacting qualified leads, establishing relationships with new clients, and making the all-important sale.
Dynamic Pricing
AI isn’t just about saving time for your employees. AI can help maximize profits and margins by enabling dynamic pricing. Dynamic pricing is a marketing strategy many businesses use to adjust the prices of their products based on the current supply and demand.
AI technologies use dynamic pricing models to help predict customer behavior, supply, and demand to alert salespeople when to increase or decrease the price of a product or service.
Enhance your business with AI.
While AI can be a complicated technology, using it in your business doesn’t have to be. Artificial intelligence technologies can significantly improve your workflows by saving valuable time and making more accurate predictions.
Brainstorm with your team to list potential processes to automate with AI software. Then, find the appropriate AI technology that will work best for you and your employees. Start improving your business through AI today. -
Everything You Need to Know About Behavioral Segmentation [+ Examples]
Do you ever ask yourself why you act the way you do? Like why you venture out during a snowstorm to get an iced coffee?
For marketers, behavioral insights are not only interesting but key for understanding their audience, going beyond demographic and geographic data.
In order to understand your audience’s behaviors, marketers can implement behavioral segmentation, an analysis that groups prospects and customers into different segments based on how they behave.
Behavioral segmentation is a part of behavioral marketing, a set of methods to collect and analyze consumer behavior data to segment and target audiences with laser-like precision.
In this post, we will go over:What is behavioral segmentation
Why marketers need behavioral segmentation
Four types of behavioral segmentation
Behavioral segmentation examplesWith behavioral segmentation, marketers can gain a more comprehensive understanding of their audience’s motivations and needs, resulting in better tailoring of products and services to their customers.
Behavioral segmentation is interesting because it intersects with psychology — when we think about how someone behaves and why, we naturally think about their psychological motivations.
However, behavioral segmentation is distinct from psychographic segmentation.
Psychographic segmentation is rooted in lifestyles, interests, values, and even personality traits. Behavioral segmentation is about how a customer interacts with a brand and their products or services.
For example, marketers can segment people based on website behaviors like clicks, page views, social shares, and media plays.Why Marketers Need Behavioral Segmentation
Marketers need behavioral segmentation for learning about how prospects and customers are likely to use the business’ products and services and their level of engagement. Behavioral segmentation also fosters cross-functional collaboration between the marketing and product teams, helping them align messaging.
Identify Engaged Users
Behavioral segmentation helps marketers identify the most engaged users. It would be a waste of marketing budget and time to try to engage cold leads. By analyzing behavior like opens and clicks, marketers can cut through the noise and allocate efforts to engaging users who are already interested and likely to convert.
Personalize User Experiences With Your BrandHubSpot’s Behavioral Targeting tool helps you personalize messages.
Generic messages will not get the goods. Providing personalized experiences will go a long way for your brand. Behavioral segmentation helps you learn about your audience’s needs, enabling you to customize your messaging so that you’re making relevant offers. Tools like HubSpot’s Behavioral Targeting tool can help by enabling marketers to personalize marketing outreach at scale.
Retain Customers
You’ve done all the hard work converting leads into customers. Now how do you retain them?
Behavioral segmentation helps businesses retain customers because marketers know how to personalize the experience to different users. Tailoring experiences so that users feel like their needs are being prioritized increases customer loyalty.Four Types of Behavioral Segmentation
1. Purchasing Behavior
Look at a customer’s purchase behavior and transaction history. This provides insight into how and why they decide to convert as well as which stages of the buyer’s journey go smoothly whereas where a prospect may come to a bit of a roadblock along the way. It also gives you an idea of which behaviors are likely to accurately predict a conversion.
2. Benefits Sought
Identify what your customers are looking to get out of your product or service — of all of your features, which do they need most to resolve the challenge(s) that they’re experiencing? What specific benefits do they get out of your product and which of those benefits are most important to them? Determine which of those benefits are influencing their decision to use your product/service most.
3. Buyer Journey Stage
Understanding which stage of the customer journey leads to the most conversions or which stage prospects get hung up on most frequently is beneficial information when predicting behavior and segmenting customers based on those behaviors. However, it’s important to note that using customer journey stages in behavioral segmentation can be difficult because there are so many stages — and within those stages are multiple touch points that contribute to behavior or decision to remain in a stage or move forward to a new stage, of the buyer’s journey. That’s why it’s recommended to use a platform like your CRM or an AI/machine learning tool — they record and track all interactions throughout the buyer’s journey to ensure you’re getting a complete view of your customer’s buyer’s journey behavioral data.
4. Usage
Usage-based segmentation enables you to segment your customers based on how they actually use the product or service, how frequently they use it, how long they use it in a single session, or which features they use most.
For example, if you sell software, you might choose to segment your customers further into more specific usage categories — for instance, heavy users versus average users versus light users. Then, heavy-user messaging could highlight advanced features and upselling campaigns, while low-usage messaging could encourage more usage by discussing the key program features or how to use them.Behavioral Segmentation Examples
1. OccasionIn 2020, Taco Bell launched a taco e-gifting service in time for the holidays. (Image Source)
Was it a specific occasion that influenced your customer’s decision to convert? Is a purchase decision based on the time of day or even life stage
Occasion-based segmentation can help cater your messaging to a specific point in time during the year when certain audiences interact with your brand.
For example, if you’re an online greeting card service, you may get repeat customers around the winter holiday season every year. For those customers, your Q4 messaging could amp up holiday deals and offers.
2. Customer LoyaltyStarbucks Rewards offers customers perks. (Image Source)
Customer loyalty provides a solid look at customer behavior — loyalty relates directly to a customer’s habits, actions, needs, usage, and the timing of their actions.
To use customer loyalty when segmenting customers based on behavior, think about:Which parts of the buyer’s journey are so delightful that they result in loyalty?
How you currently keep loyal customers feeling delighted.
Which prospects are most likely to become loyal?
Which attributes do your loyal customers share?3. Engagement
Sephora offers unique benefits for highly engaged customers. (Image Source)
Engagement refers to the type and frequency of interactions you see from certain customers.
These interactions can include site views, clicks, and social media activity. You might segment your customers based on high engagement versus average engagement versus occasional engagement.
Highly engaged individuals are those who’ve incorporated your brand into their lives regularly. Average users may engage with your brand or product/ service fairly regularly but may not take advantage of its full potential and capabilities.
Occasional users may just engage with your brand or product/service randomly based on their specific need but don’t rely on it. For example, Sephora offers a community for BeautyINSIDER members.
Grow Better With Behavioral Segmentation
Behavioral segmentation is critical to your business’ success in identifying and understanding target audiences, and tailoring your marketing strategy accordingly. It helps drive leads, convert them into customers, and increase brand loyalty.
Be sure to keep behavioral segmentation variables in mind and incorporate a tool like HubSpot for further support throughout the process. -
2023 Customer Service Statistics for Contact Centers
Customer service expectations in the contact center continue to increase, and only the best businesses keep up. Customer service statistics show that superior CX generates more return customers, increases loyalty, and helps generate higher profits.
Here’s a comprehensive list of the most important customer service statistics you need to know in 2023. These stats cover everything from interaction channel preferences, customer expectations, and attitudes towards the current state of customer service to guide your strategy moving forward.
Statistics That Demonstrate the Value of Great Customer Service
Excellent customer service in the contact center has always been job one. It matters more than ever in an era where your customers will compare the experience they have with your brand against the biggest labels in the world. These stats demonstrate the value of offering excellent customer service.
Customers who receive excellent, effortless customer service are 94% more likely to buy the product or service again.
Source: Gartner
56% of customers say they would pay more for a product if it came with a guarantee of excellent customer service.
Source: ArenaCX
Customers are 5.1 times more likely to recommend your product or service after a positive experience.
Source: Qualtrics
A customer evangelist or promoter has a lifetime value 600 – 1,400% higher than a detractor.
Source: Bain&Co
Across the globe, 96% of consumers say customer service is an important factor in their choice of loyalty to a brand.
Source: Microsoft
As little as a 5% lift in customer retention can produce 25% more profits.
Source: Bain&Co
2023 Contact Center Trends
64% of people find customer experience more important than price when making a purchase.
Source: Gartner
If a company’s customer service is normally excellent, 78% of consumers will do business with them again after a mistake.
Source: Salesforce Research
52% of consumers say they have made an additional purchase from a company after a positive customer service experience.
Source: Dimensional Research
Americans will pay 17% more to do business with firms with great reputations in customer service.
Source: American Express
Companies that excel at customer experience delivery have revenues 4% to 8% higher than the rest of their market.
Source: Bain&Co
68% of customers say they will pay more for products and services from brands known to offer good customer service.
Source: HubSpot
5 Metrics Every Medical Call Center Should Know
93% of customers say they are more likely to purchase again from companies that provide excellent customer service.
Source: Hubspot
Consumers who rate a company’s service as “good” are 38% more likely to recommend that company.
Source: Qualtrics XM Institute
83% of customers agree that they feel more loyal to brands that respond and resolve their complaints.
Source: Khoros
70% of the customer’s journey is based on how they feel treated.
Source: McKinsey
Reducing your customer defection rate by 5% can increase profits by 25 to 125%.
Source: Leading on the Edge of Chaos, Emmet Murphy and Mark Murphy
62% of organizations view customer experience provided through contact centers as a competitive differentiator.
Source: Deloitte: Contact Center Survey
Increasing customer retention by just 2% has a similar impact as decreasing costs by 10%.
Source: Leading on the Edge of Chaos, Emmet Murphy and Mark Murphy
5 Popular Customer Service Benchmarks
On average, a 1% improvement in First Call Resolution (F.C.R.) will result in a $276,000 reduction in annual operational costs.
Source: Bluewolf
Companies that prioritize providing a great experience saw a 10-15% increase in revenue and a 20% increase in customer satisfaction.
Source: McKinsey
Customers will spend up to 40% more with a company when satisfied with its customer service.
Source: Bain & Company
86% of customers are happy to pay more for a better experience, but only 1% think that businesses meet their expectations consistently.
Source: Forbes
$62 billion is lost by U.S. businesses each year following bad customer experiences.
Source: New Voice Media
40% of consumers start buying from a competitor because they hear about their reputation for excellent customer service.
Source: ZendeskStatistics that Show the Impact of Poor Customer Service
Businesses today know that excellent customer service is required. On the other hand, having poor CS can have a measurably negative impact on your business. These statistics demonstrate the high cost of neglecting your customers.
69% of customers report having stopped doing business with a brand because of poor customer service.
Source: ArenaCX
9.5% of your revenue is at risk due to bad customer experiences.
Source: Qualtrics
When customers experience a high-effort customer service interaction, they are 81% more likely to share negative word-of-mouth information about the brand.
Source: Gartner
Acquiring new customers costs between 5 and 25 times more than retaining existing customers.
Source: Harvard Business Review
42% of Americans will stop shopping with a brand after only two bad experiences.
Source: Vision Critical
The Complete Guide to Improving Customer Perception
54% of people shared their bad customer service experiences with more than five people.
Source: Zendesk
33% of customers say they would consider switching brands after just one bad customer service experience.
Source: American Express
The average American tells 15 people when they’ve had a poor customer service experience.
Source: American Express
Men tell the most people (21 people) when they have had a poor customer service experience.
Source: American Express
8 Worst Ways to Handle Angry Customers
On average, women tell about ten people when they have had a poor customer service experience.
Source: American Express
91% of customers unhappy with a brand will just leave without complaining.
Source: Kolsky
78% of customers have backed out of buying due to a poor customer experience.
Source: Glance
47% of consumers have switched to a different brand due to bad customer service within the last year.
Source: Microsoft
After a bad customer service experience, 39% of customers will avoid a company for the next two years.
Source: Dimensional Research
It can take up to twelve positive customer experiences to make up for one bad experience.
Source: Business Insider
Only 20% of consumers will forgive a bad experience at a company whose customer service they rate as “very poor.”
Source: Qualtrics XM Institute
Nearly 80% will forgive a bad experience if they rate the service team as “very good.”
Source: Qualtrics XM Institute
Only 1 in 26 customers will tell a business about their negative experience; the other 25 will simply leave without explaining or complaining.
Source: Esteban Kolsky
Feeling unappreciated by a company is the #1 reason customers switch brands.
Source: New Voice Media
10 Tips for Reducing Customer ComplaintsThe State of Customer Service in Statistics
Overall, customer service is looking good these days. Thanks to the rise of AI and other emerging technologies, contact centers can provide personalized experiences and resolve issues quickly. Businesses that offer great CX will notice an uptick in customer loyalty.
63% of US customers expect brands to offer customer service on their social media channels.
Source: Microsoft
63% of customers said companies need to get better at listening to their feedback.
Source: Qualtrics
89% of consumers have switched to doing business with a competitor following a poor customer experience.
Source: Harris Interactive
67% of people worldwide believe that customer service is improving as a whole.
Source: Microsoft
81% of Americans report that businesses either meet or exceed their expectations in customer service.
Source: American Express
46% of decision-makers expect their contact centers to grow between 5%-10% over the next year. 14% of contact center leaders predict growth of more than 10%.
Source: Forrester
6 Secrets for Boosing Customer Satisfaction in Your Contact Center
80% of companies use customer satisfaction scores to analyze customer experience and improve it.
Source: Harvard Business Review
The customer experience management market worldwide is worth as much as $7.6 billion in 2020, up 16.9% from $6.5 billion in 2019.
Source: Grand View Research
53% of shoppers believe their feedback doesn’t go to anyone who can act on it.
Source: Microsoft
More than 89% of companies see customer experience as a key factor in driving customer loyalty and retention.
Source: invespStatistics on Customer Expectations of Service
Today’s customers expect companies to understand their needs and expectations – and they are becoming less patient with companies that don’t.
65% of people have higher expectations of customer service today than they did five years ago.
Source: Netomi
33% of people consider the most important aspect of good customer service to be having their problem solved in a single interaction, regardless of how long it takes.
Source: Statista
59% of customers believe that companies should offer cutting-edge digital experiences.
Source: Salesforce
Contact Center Trends 2023
Globally, 54% of all consumers say that they have higher customer service expectations than one year ago.
Source: Microsoft
48% of consumers expect specialized treatment for being a good customer.
Source: Accenture
52% of people around the globe believe that companies need to take action on feedback provided by their customers.
Source: Microsoft
72% of consumers say that they expect customer service agents to “know who they are, what they have purchased, and have insights into their previous engagements.”
Source: Microsoft
77% of consumers view a brand more favorably when they proactively ask for and collect customer feedback.
Source: Microsoft
Contact Center Trends 2023
68% of customers believe the key to great customer service is a polite customer service representative.
Source: American Express
Service insight and knowledge are also key to a good experience, according to 62% of consumers.
Source: American Express
67% of customer churn could be prevented if companies resolve problems the first time they happen.
Source: Ameyo
12% of Americans rate their number one frustration with customer service as “lack of speed.”
Source: Statista
A customer is four times more likely to switch to a competitor if the problem they’re having is service-based.
Source: Bain and Company
27% of Americans report “lack of effectiveness” as their number one frustration with customer service.
Source: Statista
11 Common Misconceptions About Customer Service
72% of consumers see explaining their problem to multiple people as poor customer service.
Source: Dimensional Research
90% of consumers expect an online portal for customer service.
Source: Microsoft
79% of millennials are more inclined to buy from brands with a mobile-responsive customer support portal.
Source: Microsoft
90% of consumers worldwide consider issue resolution their most crucial customer service concern.
Source: KPMG
71% of consumers under the age of 24 think that a fast response from the customer support team can significantly improve their customer experience.
Source: Comm100
80% of customers say a company’s customer experience is just as important as its products or services.
Source: Salesforce
33% of consumers would recommend a brand that provides a quick but ineffective response.
Source: Nielsen-McKinsey
Contact Center Trends 2023
Only 17% of consumers will recommend a brand that provides a slow but effective solution.
Source: Nielsen-McKinsey
72% of customers say that explaining their problems to multiple people is poor customer service.
Source: Dimensional Research
70% of people favor brands that proactively notify customers about service interruptions or potential issues.
Source: Microsoft
82% of customers expect to solve complex problems by talking to one person.
Source: SalesforceContact Center Customer Service About AI and Automation
AI-enabled systems and software are having a moment. These computer-driven technologies boost customer service in the contact center, and provide measurable results and significant financial benefits to businesses.
99% of respondents reported an increase in customer satisfaction resulting from using virtual agent technology.
Source: IBM
Speech analytics can increase customer satisfaction by 10% or more.
Source: McKinsey
90% of customers expect an immediate response (in under 10 minutes) when they contact customer service. AI-assisted communications are one of the best ways to get there.
Source: HubSpot
IBM found that virtual assistants led to 15% reduction in call handling time and a 9% and 12% increased customer and agent satisfaction (in two different studies.)
Source: IBM
High-performing service teams are 3.2 times more likely than underperformers to have a defined A.I. strategy.
Source: Salesforce
51% of agents without A.I. say they spend most of their time on mundane tasks, versus 34% of agents with A.I.
Source: Salesforce
More financial services firms have adopted A.I., with 41% using some form of A.I. compared to other sectors. For example, only 13% of education institutions are using A.I.
Source: Salesforce
How to Create a Customer Service Strategy
Only 9% of governments use A.I. chatbots compared to 42% of media and communications companies.
Source: Salesforce
The travel and hospitality industry expects the use of Artificial Intelligence tools in customer interactions to grow 187% over the next two years.
Source: Salesforce
Ameyo estimated that by 2020, 85% of customer service interactions will be automated.
Source: Ameyo
30% of U.S. consumers rate chatbot interactions as “very effective” in dealing with customer support problems.
Source: Microsoft
37% of customers report using a chatbot on a website. Nearly that many again have used a virtual agent or chatbot on their smartphone.
Source: Forrester
More than 50% of customers say the main reason they can’t resolve an issue on their own is there is not enough information available online.
Source: Microsoft
30% of consumers say not reaching a real human is the most frustrating part of a bad customer service experience.
Source: Microsoft
77% of consumers report having used a self-service support portal.
Source: Microsoft
Only 12% of Americans say they cannot find the information they need in self-service portals.
Source: Microsoft
Contact Center Trends 2023
American consumers do not find bots effective, with 40% relying on other channels to reach out to service teams.
Source: Microsoft
75% of consumers will still choose to interact with a real person even as the technology for automated solutions improves.
Source: PwC
69% of high-performing service agents actively look for situations to use Artificial Intelligence compared to only 39% of underperformers.
Source: Salesforce
34% of sales and marketing leaders believe that artificial intelligence will cause the biggest improvement in customer experience.
Source: OracleStatistics About Customer Service Communication Channels
Customers can choose from multiple channels to receive service, including phone, email, chat, social and more. It’s important that contact centers understand which channels people prefer, and provide a seamless experience across all of them.
40% of consumers say they have used three or more channels to communicate with customer service reps.
Source: Airkit
66% of customer service teams use knowledge bases, compared to 82% of customers who use knowledge bases (e.g., online F.A.Q.s).
Source: Salesforce
64% of customer service teams use customer portals, compared to 84% of customers who use customer portals.
Source: Salesforce
63% of customer service teams use text messaging, compared to 78% of customers who use text messaging for communicating with a company.
Source: Salesforce
81% of customers use online chat for communicating with a company, but only 52% of customer service teams use live chat.
Source: Salesforce
5 Tips for a Great Social Media Strategy
63% of online consumers said they were more likely to return to a website that offers live chat.
Source: Forrester
51% of customer service teams use mobile apps, compared to 82% of customers who use mobile apps for communicating with a company.
Source: Salesforce
20% of customer service teams use voice-activated personal assistants, compared to 54% of customers who use voice assistants to communicate with a company.
Source: Salesforce
Millennials prefer live chat for customer service over every other communication channel.
Source: Comm100
57% of customers would rather contact companies via digital media such as email or social media than voice-based customer support.
Source: Ameyo
40% of customers prefer talking to a real person over the phone for more complicated interactions, such as payment disputes.
Source: American Express
50 Quick Tips for Improving the Customer Experience
52% say Facebook is the most effective social channel for customer service. Twitter follows at 25%, then LinkedIn at 8%.
Source: Salesforce
23% of consumers look for face-to-face interaction when they have a complicated customer service issue like troubleshooting.
Source: American Express
75% of customers want a consistent experience, regardless of the channel they use to communicate with a company.
Source: Salesforce
76% of all consumers prefer phone calls to reach customer support representatives.
Source: CFI Group
More than 50% of customers use the phone to contact customer support, making it the most-used channel for customer service.
Source: Zendesk
63% of customer service teams use text messaging, compared to 78% of customers who use text messaging for communicating with a company.
Source: Salesforce
72% of consumers have a more favorable view of a company if they provide a customer service app.
Source: Nuance
69% of American adults online say that they shop more with businesses whose online and offline customer service is consistent.
Source: Forrester
87% of consumers say brands need to be doing more to provide a seamless experience for their customers.
Source: ZendeskCustomer Service Statistics About the Importance of Personalization
Personalization in customer service is increasingly important as customers demand tailored experiences that meet their specific needs and preferences. In 2023, businesses that can leverage technology to personalize interactions and anticipate customer’s preferences will have a competitive edge.
80% of business leaders say customers spend more when they get a personalized experience.
Source: Segment
63% of consumers expect businesses to know their unique needs and expectations
Source: Salesforce Research
Your online conversion rate can improve by roughly 8% when you include personalized consumer experiences.
Source: Trust Pilot
79% of customers are willing to share relevant information about themselves in exchange for personalized interactions where they are immediately identified and understood.
Source: SalesforceStatistics that Show the Importance of Speed and Short Wait Times
Short wait times have become a crucial factor in providing excellent customer service and today’s customers expect immediate responses from brands they interact with.
80% of customers say they want quicker responses from companies.
Source: Shopify
47% of adults say they will abandon their online purchase if they can’t find a quick answer to their question.
Source: Freshworks
64% of customers expect to receive real-time support, regardless of which channel they use.
Source: Zendesk
90% of consumers regard immediate responses as important when they have a query.
Source: Hubspot
Nearly 70% of customers are irritated when their call is transferred between agents or departments.
Source: Zendesk
21% of people waiting at a hospital pharmacy decided to fill their prescriptions elsewhere because they had to wait too long.
Source: Sage Journals
How to Eliminate Hold Time in Your Call Center
33% of customers are most frustrated by having to wait on hold.
Source: HubSpot Research
33% of customers are most frustrated by repeating themselves to multiple support reps.
Source: HubSpot Research
Nearly 60% of customers feel that long holds and wait times are the most frustrating parts of a service experience.
Source: Zendesk
90% of customers rate an “immediate” response as important or very important when they have a customer service question. 60% of customers define “immediate” as 10 minutes or less.
Source: HubSpot
12% of Americans rate their number one service frustration as “lack of speed.”
Source: Statista
4 Tips to Reduce Abandoned Calls in Your Contact Center
66% of U.S. adults said the most important thing a company can do to provide a good customer experience is to value their time.
Source: Forrester
71% of consumers under 25 believe quick responses from customer service representatives improve their experience.
Source: Comm100
73% of customers say that time is critical in determining a good customer service experience from a poor one.
Source: Hubspot
Proactive customer service messaging can result in a 20-30% reduction in call center calls. That can lower contact center costs by as much as 25%.
Source: Enkata/MyCustomer
75% of online customers expect help within five minutes.
Source: McKinsey
33% of customers said they’re not willing to wait on hold at all. 27.6% said they would wait 1 minute, and only 4.1% said they’d wait as long it took.
Source: Plum Voice
Customer expectations for chat response times are high, and are willing to wait just 45 seconds to speak to an agent.
Source: Com100Customer Service Statistics About Personal Data and Security
In an age where data breaches and cyber-attacks are becoming increasingly common, customers are more cautious about sharing their personal information. Ensuring the security and privacy of customer data is crucial for building trust and maintaining a loyal customer base in the contact center industry.
Two-thirds of global consumers feel that tech companies have too much control over their data.
Source: YouGov
80% of companies store sensitive data in the cloud.
Source: Netwrix
92% of customers appreciate companies giving them control over what information is collected about them.
Source: Salesforce
90% of people are more likely to trust a company if they have a firm privacy policy.
Source: Salesforce
56% of customers don’t have a problem sharing their personal information in exchange for better customer service.
Source: Salesforce
Customer service agents only ask for a customer’s name 21% of the time.
Source: GlanceStatistics About Customer Service and Social Media
Providing excellent customer service on social media helps businesses maintain a positive brand image and reputation. Customers expect it and take note when it isn’t available. Providing great CX on social can also turn dissatisfied customers into loyal ones, and improve retention rates.
Customers spend 20 to 40% more time with brands that respond to customer service requests on social media.
Source: McKinsey
48% of consumers expect a response to social media questions and complaints within 24 hours.
Source: Statista
33% of consumers in the United States do not expect an answer when asking a question of a company’s social media.
Source: Statista
33% of people aged 18-34 have contacted a company’s customer service via social media.
Source: Microsoft
55% of people age 18-34 have praised a brand or its customer service over social media.
Source: Microsoft
Both in the United States and worldwide, 18% of customers expect a response from a company’s social media within one hour.
Source: Statista
65% of people aged 18-34 believe social media is an effective channel for customer service, while 75% of people aged 55 and over do not.
Source: Microsoft
One-third of Americans have used social media to complain about a brand or its customer service.
Source: Microsoft
It’s estimated that companies only acknowledge around 45% of customer service requests over social media.
Source: Kolsky
33% of customers have contacted a company using Facebook and similar social channels.
Source: Forrester
23% of businesses use social media as a tool to collect and analyze data.
Source: GartnerStatistics on Customer Service Representatives and Agent Satisfaction
Employee satisfaction and engagement are critically important to a contact center’s ability to deliver great customer service. Happy agents equal happy customers.
73% of contact center leaders report that agent turnover is one of the most significant customer service problems in their contact center.
Source: Cisco
The customer service industry has the highest employee turnover rate of all businesses. Call center statistics have placed it as high as 45%!
Source: QATC
The Human Resource Institute estimates that turnover costs about $10k-$15k for a frontline employee.
Source: QATC
31% of consumers consider a knowledgeable agent the most crucial factor for a positive customer experience.
Source: Thomasnet
83% of high-performing service agents say they get the training they need to do their job well compared to only 52% of underperformers.
Source: Salesforce
73% of customers fall in love with a brand because of friendly customer service representatives.
Source: RightNow
10 Proven Call Center Training Methods
Engaged, knowledgeable employees deliver a better customer experience and close 33% more deals.
Source: Bluewolf
Only 31% of businesses reward employees for improving the customer experience.
Source: Forrester Research
65% of organizations that focus on frequent training see advantages in First Call Resolution.
Source: Aberdeen Group
Companies that excel at customer experience have 1.5x more engaged employees than companies with poor customer experience.
Source: Customer Contact Mind XchangeThe post 2023 Customer Service Statistics for Contact Centers first appeared on Fonolo. -
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Leverage is brittle
Debt is a financial miracle.
If you buy a property for 20% down, with the bank financing the rest, and it goes up in value by just 10%, your profit is 50%. (I’ll wait while you do the math.)
If you have a factory and can buy a machine that increases productivity, the money you borrow to pay for that machine creates enough profit that you get to do it again. And again.
Alas, the ratchet can also go the other way.
If that property goes down in value a little bit, you lose everything.
If your competitors buy better and more expensive machinery than you have, they can sell for less than you can, and your investment disappears.
Farming is difficult. It always has been. But leverage and debt make it a persistent challenge. If the weather is better than anyone expects and the markets are just right, you do really well for a season. But if conditions change, if fertilizer is hard to get, if there’s a glut–well, the bank still does fine, but the farmer can get wiped out.
The reason that supply chain issues were so bad is that leveraged organizations needed to figure out how to extract every penny from their cash flow, and having less inventory on hand seemed like a smart way to eke out a bit more leverage. Until a shipment is late and then it all grinds to a halt.
And… when a bank or an investor is considering two power plants, and they discover that the coal plant is 1% more profitable in the short run but 100x worse for the community, they go for pennies instead of resilience. Because leverage multiplies the value of a short-term penny so much that they feel as if they have no choice but to choose the fragile, selfish, short-term path.
Leverage accelerates everything. Learning to see it is a key step in understanding how to fix it.
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How to make eCommerce more convenient for customers? 5 pillars of convenience
Convenience is innate in eCommerce and one of its key advantages. After all, it all started with the possibility of diving into a shopping frenzy without leaving home. Thus, the natural evolution of ambitious eCommerce is to be the most convenient online shopping experience possible. How can we stay ahead of the competition? We identified the five most obvious and important pillars of online shopping convenience.
Delivery options, omnichannel communication, frictionless eCommerce, social media presence, and entertainment as a part of the shopping experience – improvement in these areas may lead you to some quick yet significant wins.
Here are some tips on what you can implement through eCommerce to enhance customer convenience and make shopping a more enjoyable and smooth experience.
More delivery options
Buy online, pick up in store (BOPIS)
The Shopper Experience Index found that shoppers’ biggest pain points in online and offline shopping are long checkout lines in-store and slow online order fulfillment. BOPIS is the solution to these issues. In fact, 50% of consumers base their shopping decisions on whether they can buy online and pick up in store or not.
Buy online pick up in store (BOPIS) is a popular delivery method in ecommerce that allows customers to shop online and then pick up their purchases in store. BOPIS eliminates shipping costs and wait time for home delivery, while also providing the convenience of online shopping.
BOPIS can benefit both retailers and customers. Retailers can save on shipping costs, reduce delivery times, and increase foot traffic to their stores. Customers can save on shipping costs and receive their purchases faster than with home delivery. Overall, BOPIS is a convenient delivery option that offers customers more control over their online shopping experiences while also benefiting retailers.
BOPIS has already been embraced by major retailers like Target, Walmart, Home Depot, and Tesco. This year, 90% of retailers are expected to offer BOPIS, according to Digital Commerce 360.
Carside delivery
Carside delivery is a fulfillment option for customers who place an order online and have their purchases brought out to their vehicle at the retailer’s location. This option meets consumers’ need to research and purchase products online but still pick them up without paying shipping fees.
With carside delivery, customers can typically select a specific pickup time slot and then park in designated spots at the retailer’s location. When they arrive, they notify the retailer via phone call or an app that they have arrived and are ready for their orders. A store associate then carries the order out to the customer’s vehicle, verifies their identity, and places the items in the car trunk or back seat.
Carside delivery has become increasingly popular due to COVID-19, as many customers sought contactless pickup options to minimize the risk of exposure to the virus. Curbside orders increased 208% during the pandemic, and those numbers show no signs of slowing down. About 59% of customers say they are likely to continue curbside pickup after the pandemic.
Omnichannel communication
Brands with top omnichannel customer engagement see a 9.5% yearly increase in annual revenue, compared to 3.4% for poor omnichannel brand strategies. Furthermore, research has confirmed that solid omnichannel brands enjoy a 7.5% annual drop in cost per contact.
Omnichannel communication means using multiple channels to communicate with customers and provide a seamless, consistent experience across all touchpoints. This includes channels such as email, social media, live chat, SMS, web push notifications, and in-store interactions.
With omnichannel communication, customers can interact with a retailer or brand through whichever channel is most convenient for them, and the retailer can provide a unified and consistent experience across all channels. A customer might browse products on your website, receive an email with personalized product recommendations, chat with a customer service representative on social media, and then make an in-store purchase, all while receiving a seamless and consistent experience.
Omnichannel communication in 2023 is the way to go if you want to keep up with the competition, as customers expect to be able to interact with eCommerce on their own terms and through their preferred channels. By meeting this need, you can build stronger relationships with customers, strive to go a little bit further toward Customer Intimacy, and improve customer loyalty and satisfaction.
Frictionless commerce
The term frictionless commerce is used to describe a seamless online shopping experience. In short, it is the process of making a purchase as quickly and easily as possible for the consumer. This involves reducing the number of steps required to make a purchase, removing unnecessary information requests, and streamlining the payment process.
One of the most popular examples of frictionless commerce is Amazon’s 1-click ordering. This feature allows customers to make a purchase with just one click without having to enter any payment or shipping information. It has been credited with driving significant growth in Amazon’s sales and customer base.
Other examples of frictionless commerce include mobile payments, digital wallets, and one-click checkout. These convenient enhancements have made it easier for consumers to make purchases online, ultimately driving growth in the e-commerce industry. One, however, caught our attention some time ago, and it keeps booming!
Buy now pay later (BNPL)
Recent data show that 60% of people have tried a Buy Now Pay Later service.
BNPL is a payment option that allows customers to make purchases and pay for them at a later date. It is an alternative to traditional payment methods, such as credit cards and loans. BNPL services have become increasingly popular in recent years due to their convenience and flexibility. Consumers can make purchases without having to pay the full amount up front, making it easier to budget and manage their finances.
BNPL services work by partnering with eCommerce retailers to offer their customers a payment plan that allows them to pay for their purchases in installments. The payment plan usually includes an initial deposit followed by a series of payments over a set period of time. The service typically charges interest and fees, but these are often lower than those charged by credit card companies.
The choice of payment method is highly valued by your customers, and they will appreciate delaying payment a bit. But to fully benefit from the frictionless commerce idea, you can’t forget about one thing…
Simple checkout
Don’t lose out on CXM – streamline your cart process! One of the biggest mistakes online retailers make is ignoring the importance of a simple and hassle-free checkout experience. Your customers are ready to spend their money, so make sure they can do so with ease. Keep it straightforward and user friendly to boost your sales!
Social media presence
From 2020 to 2021 alone, the volume of consumers who preferred using social messaging for customer service jumped an impressive 110%.
Social media platforms can and should be used, first and foremost, to provide quick and easy customer service. By having dedicated customer service representatives who monitor social media channels, businesses can quickly respond to customer inquiries and complaints. This can help build trust with customers and ensure that they have a positive experience with your brand.
But it is called “social”—not “helpdesk”—for a reason. So, get social with your customers! Encouraging them to share their experiences with your products on social media can help build brand loyalty and trust. Sharing user-generated content can also promote your products to a wider audience and provide validation.
Overall, social media platforms can be used to provide convenience to customers in a number of ways. You can definitely leverage it to build stronger relationships with customers.
Entertaining eCommerce
Another trend booming in eCommerce now is gamification. Gamification takes traditional loyalty and reward programs one step further and helps brands and retailers get more customer attention and engagement.
According to Reflectdigital, 91% of UK consumers aged 16–24 would be open to playing games with brands, 84% would buy from a brand they enjoyed playing a game with, and 61% would keep buying from that brand.
One of the most popular forms of gamification is prize wheels. A brand or retailer sends a consumer an email or shows them a pop-up with a wheel on it. The customer then spins the on-screen wheel to reveal their discount code or a free item with purchase.
Another popular type of gamification is the point program. Point programs are similar to traditional loyalty programs but offer customers various other ways to get more points for certain behaviors, such as purchasing a specific product, leaving a review, or buying something on a particular day.
A well-known example of a point program is Starbucks Rewards. The brand encourages customers to return to the store by offering extra stars for a certain number of purchases per week, and stars add up to rewards.
Wrapping up
In 2023, joyful browsing of hundreds of products from the comfort of your couch is just the beginning of the customer experience in eCommerce. A seamless experience complete with convenient payment and delivery options is driven via your favorite channel. With a bit of fun, a calculated transaction turns into a more playful experience, making us forget that we’re spending money. And we don’t shop just because we want to spend money—we want our desired products; if we have some fun, especially in troubled times, it’s a better experience.
In a more practical sense, the brand that is open to customers, reachable in communication channels the customers are used to using in everyday life, like social media, makes the retailer or brand just a bunch of friendly humans, eager to talk to you and help you on the spot, no problem. After years of hiding eCommerce behind one customer service phone line, where you always find yourself “4673rd in line,” this is truly a breath of fresh air for customers.
All the trends and solutions described in this article seem small when considered separately. Together, they change the stressful situation of spending money on something you can’t touch into a very human, enjoyable experience that offers trust and personal contact. This is probably the biggest value to aim for in planning convenience enhancements in your online store.
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