Leading customer experience management firm CRM Metrix,
announced today the results of an eighteen month long analysis of leading
consumer branded websites audited by CRM Metrix's flagship product, SiteCRM.
The websites studied included brands from companies such as Levis, Procter
and Gamble, Kraft, and L'Oreal. The analysis revealed that, on average, 80%
of visitors to their websites are consistently high and medium value
customers, proving that websites are, in fact, a critical customer
touch-point and are effective in building brand, increasing purchase intent,
and streamlining marketing initiatives.
This data demonstrates that websites should be
leveraged as central reporting hubs for customer feedback, allowing forward
thinking firms to keep a continuous finger on the pulse of the market in
minutes, instead of months.
These are important findings as most sites still
measure success based mostly on traffic numbers and not on the value of the
customers visiting or their loyalty to the brand. The findings go on to
reveal that as consumers go deeper into a website and spend more time there,
purchase intent, lifetime value and brand affinity increase significantly. A
multi-channel retailer, for example, was thrilled to see their website
investments paying off as purchase intent increased from 27% to 42% after
individuals had spent increased amounts of time on the site.
This insight resonates with site managers, as they
have spent the better part of the last two years scurrying to track down
metrics that justified continued website investment and the Internet's role
in building business. "Leaders like Levis and Procter and Gamble have now
raised the bar in terms of truly leveraging the global reach and
interactivity of the web to drive solid bottom line results", says CRM
Metrix CEO Laurent Flores. For the first time the industry now has qualified
data to substantiate a shift from measuring just the quantity of visitors to
measuring the quality of visitors.
All told, the analysis confirms thinking that
websites are powerful brand builders and provide some of the strongest and
most cost effective opportunities of any medium to enhance customer
relationships, and increase retention on an ongoing basis. "Today's Fortune
class websites are already beginning to make the transformation from being a
mere spoke in the marketing wheel to the hub itself.", says CRM Metrix VP
Marketing, Anthony Cospito. "With the website at the core of marketing
strategy, firms can track effectiveness, centralize branding, experience
operational efficiencies and cost-effectively develop ongoing conversations
with high value customers."
Since January of 2001, CRM Metrix, Inc. has been
analyzing visitor data gathered from website entry/exit surveys on several
eCommerce, fashion and consumer packaged good sites. The surveys captured
standard demographics but also went several steps beyond to deliver such
metrics as satisfaction, brand affinity, category affinity, retention
drivers and purchase intent.
As the research shows, websites are not simply
one-way marketing tools like print or radio advertising. Considering how
valuable most website visitors are to the brand, leading firms should begin
to expand the role of their site to become an interactive forum that adds
value to every customer relationship. Ongoing analysis provides insight
beyond "what" visitors are doing to "why" they are doing it.
"Treating the website as a hub to track the
effectiveness of all marketing initiatives will provide companies with the
knowledge needed to enhance the advertising message and optimize the
marketing mix to drive maximum results and track ROI.", says Flores.
A leading CPG firm, for example, receives live data
through a web-based reporting platform, and in an effort to ensure that this
insight is integrated into the daily workflow they even began using a
"desktop streamer" application. The application (named "XStreamer") delivers
real-time visitor experience metrics in a ticker like fashion directly to
the desktop. If website satisfaction dips below an acceptable threshold, or
abandonment on key pages spikes, marketing managers simply click on the
highlighted information to access the supporting data to review the problem
immediately.
Multi-channel retailers are also quickly realizing
the value of continuous customer insight and are expanding their reach to
"in-store experience measurement" through leveraging technology that can
track and aggregate data from shoppers who agree to answer short surveys
through web connected PDAs, in-store kiosks or upon checkout. Corporate
managers can then monitor their customer's experiences and maximize profits
on a store, region or even country level directly from their own office. As
wireless customer experience data collection becomes commonplace, both
consumers and corporations will reap the benefits of a better connected
world.
About CRM Metrix
CRM Metrix is a leading provider of customer
experience management solutions specifically designed to guide marketing
executives in tracking key intelligence such as demographics, satisfaction,
purchase intent, retention, and brand affinity. A comprehensive range of
strategic and tactical offerings has won CRM Metrix accolades from the
Fortune 500 as well as clients such as Procter and Gamble, Kraft, Levis. For
more information visit:
www.crmmetrix.com