bazaarvoice
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Social Commerce
Trends and Innovation
May 25, 2010
The Last Year in Social Commerce
Confidential and Proprietary. © 2010 Bazaarvoice, Inc. 2
Interaction
Amplification
Intelligence
Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Stories GridView Hosted UI
“Read more” format
BrandVoice Syndication rules by-
Moderator Code
SocialAlerts Encrypted storage
Retention management Ratings & Reviews
Hyperlinks in Response 6+ pics, 5+MB pics
Ask & Answer Content Tagging
Video Answers
Workbench Scheduled/reccur.Reports Emailed Reports/deep link
New daily Alerts/ upgrades Real-time Alerts
Cust .service integration Next-gen management tools
Report upgrades
SearchVoice SearchVoice Inline
Stories Category nav
Comments
BrandVoice Inactive product-
management
SocialAlerts Expunge PII
Ratings & Reviews Filter by Attribute
Ask & Answer Deep linking to Q
Workbench Profile Management Tool
Comments in SMT Next-gen tools
Report upgrades
SearchVoice Keywords in URL Custom metatags
Moderation Platform Moderator auditing
BrandAnswers BVLabs pilot launch-
Samsung, Dell, Epson
Stories Social-
Recommendations Filter by Attribute
SocialAlerts CheetahMail
Ask & Answer AnswerZone
Badge filtering
Workbench Brand Picker/filtering Filter by Photo/Video
Major tool updates Report /Alert upgrades
SearchVoice Google Rich-
Snippets
Moderation Platform Fraud analytics core Reporting upgrades
SocialAlerts eCircle
Ratings & Reviews Filter by Badge Filter by Source
Most Helpful Pos/neg
Ask & Answer Social-
Recommendations
Workbench Security Upgrades
Multi-Locale reporting Filtering by Locale
Web Analytics Pre-built integration –
w/CoreMetrics
SocialConnect FB Connect
Profiles Profile Snapshot
SocialAlerts International –
features Ratings & Reviews
Social- Recommendations
Workbench Account lockout
Self-Mod enhancements Alerts upgrades
“By-Country” Report
Web Analytics Pre-built integration w/- Omniture & Webtrends
BrandVoice Syndication Reports
Moderation Platform Next-Gen workflow
Next-Gen assignment - framework
Fraud Analytics upgrade
Jan
Profiles Active Profiles
SocialConnect TweetConnect
FB Apps
BrandAnswers Core product
launch
Feb Mar Apr May
Stories Tags & Navigation
Workbench Password Expiration &-
Recovery Saved Views
Alerts Deep-linking
BrandVoice Syndication Filters
Platform Elastic computing -
infrastructure Self-Serve Data-
Feed Validation
Ratings & Reviews Stand-alone, hosted- submission process “I like this” feedback
Comments 2.0
BrandVoice Reporting upgrades
Ratings & Reviews Comments
Photo Gallery Hosted Video Feedback 2.0
Workbench Exec Summary 2.0
Trending Graphs
Ask & Answer Real-time- publishing
SearchVoice Google Product-
Search Integration SearchVoice Inline-
for Ask & Answer
Platform Social Alerts Open-API
Demandware – turn-key integration
Challenge of 2010: The funnel is no longer controlled by the brand
Confidential and Proprietary. © 2010 Bazaarvoice, Inc. 3
Source: Forrester
Brand-sponsored communities often overlay a traditional funnel on top of savvy, web-centric people
Effective communities rely heavily on network effects and social connections to spread word-of-mouth, working in tandem with brand-sponsored properties.
Traditional Funnel
Today’s Networked
Funnel
The shopping experience has gone social
YOUR BRAND SITE Category Pages
Product Pages Purchase Social
Profiles Ratings and
Reviews Answer
Zone
Social commerce profile is updated with purchase and shared
Stops by the store and reads a review on a mobile device
Review includes user uploaded video from YouTube
Syndicated Yahoo answers provide additional product info
Natural search (SEO) enhanced by social commerce content
UGC enhances search ratings (SEO) –again! (virtuous circle)
Customer Diggs product review from his mobile
Video Review is shared with friends on Facebook
Post-purchase email invites customer to write a review
Product page enhanced by user contributed photos
Emerging trends that drive our vision
Confidential and Proprietary. © 2010 Bazaarvoice, Inc. 5
» Brands are embracing customer voice
» Customers are being influenced by new media
» New ways of consuming information
» Customer loyalty is dissipating
» The rise of Social ROI
4 Areas of Social Commerce Innovation
Drive acquisition and conversion through contributor loyalty
Connect your brand to the social web
Harness the social supply chain
Transform your business through social analytics
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4 Confidential and Proprietary. © 2010 Bazaarvoice, Inc. 6
Opinions don’t just affect online purchases but
offline purchases as well
• The CEO of Macy’s, Terry Lundgren, told the audience at
Shop.org that “for every $1 spent online our site
influences $5.77 spent in the store over the
next 10 days.”
Offline (in store) impact
Confidential and Proprietary. © 2009 Bazaarvoice, Inc. 7
Creating the future of
Social Commerce Contact : Graham Jackson 02 9238 2097
graham.jackson@bazaarvoice.com
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