"Managing User-Generated Reviews" - Jed Nachman (Yelp) - 2009 AIM Conference

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    "Managing User-Generated Reviews" - Jed Nachman (Yelp) - 2009 AIM Conference - Presentation Transcript

    1. The train has left the station… Page
    2. We started with user reviews in 2005 Page Consumers value online reviews… … which is why every major site and local guide has them.
    3. Page
      • 61% of searchers find reviews and ratings to be important on the local level
      • 92% of Internet users have researched a product or service online, then purchased offline from a local business at least once
      • Source: WebVisible and Nielsen//NetRatings Survey, September 2007
      ROBO (research online buy offline)
    4. Page Online reviews second only to word of mouth in purchase influence Source: Rubicon Consulting Influence of various sources of information on purchasing
    5. Local search influences purchasing decisions Page The web isn’t just for ecommerce, 78% have researched a product or service online, only to make a purchase offline from a local business. 4% strongly disagree 55% somewhat agree 23% strongly agree 18% somewhat disagree Source: WebVisible and Nielsen//NetRatings Survey, September 2007
    6. Page Consumers actively seeking local information
    7. In Web Search the problem too much content… in Local Search the problem is too little content. Page Sources: Google’s official blog, Yelp Index, Analyst Greg Sterling August 2008, Yelp analysis
    8. It all starts with the your customers Page your customers readers reviews
    9. Search engine optimization
    10. Case study: chain store profiles on Yelp
        • Average Monthly Traffic & Reviews by Store
        • (24,000 customers last month)
    11. 5 million local reviews and counting Page Local Reviews (millions) Business Categories
    12. Small businesses value online reviews
    13. 85% of Yelp reviews are positive Page
      • Negative reviews play an important role too
        • A variety of experiences is consistent with real life
        • You can’t please 100% of your customers 100% of the time
      Distribution of All Reviews
    14. You can bury your head in the sand… Page
    15. Or you can embrace the new reality Page
    16. What not to do: argue with your customers Page
      • Your reviewers are your paying customers
      “ I received the following PM from the owner of this place: 'dont eat out' I've never met you but after reading your review I don't want to. You seem boring and have none of the qualities I request in a human. If I was introduced to you on the street I guess I would say hi, nice to meet you, but I would not mean it”
      • Your reviewers are human beings with (sometimes unpredictable) feelings and sensitivities
      • Your reviewers are vocal and opinionated (otherwise they would not be writing reviews!)
    17. What to do: be authentic and friendly
      • Subject: Sorry about your visit with us...
      • Hello Jen,
      • I know there are no excuses for bad service... I am working hard at fixing our current problems. Thanks for the helpful review...most owners would never say that, but I need constructive input from our "real" customers. I don't know who the other reviewers are but I would hope it is how the people really feel about my business. I hope you give us another shot as I am in the process of getting more beers and better bartenders. Please feel free to contact me with any constructive input anytime.
      • Thanks
      • Bill XXXXXX(owner)
      • 415-283-6764
      Page Ah! You acknowledge upfront that I was in the right. Wow! You really care about what I thought and wrote. And you even made changes . This seems like a really thoughtful and pleasant business owner. Maybe I did just catch them on a bad day…..
    18. Good customer service pays for itself Page Amount Consumers Willing to Spend for 5-Star Service October 12-18, 2007 Source: comScore, Inc./The Kelsey Group Service (Suggested Average Price) Excellent (5 Stars) Good (4 Stars) Lift   Restaurant Meal ($20) $37.95 $25.44 49%   Restaurant Meal ($50) $59.93 $41.40 45%   Hotel ($100) $137.36 $99.73 38%   Home ($250) $252.15 $209.50 20%   Travel ($350) $366.72 $299.81 22%   Legal ($60) $104.36 $52.51 99%   Medical ($15) $29.67 $23.54 26%
    19. Central dashboard
    20. Privately message your customers. It’s free. Page
    21. Page Publicly comment on a review. New free feature.
    22. Local search advertising Page
    23. The opportunity
      • Be aware of all the places where your customers are talking about you online.
      • Read all of the feedback and look for trends
      • Engage in constructive conversation with your customers
    SlideShare Zeitgeist 2009

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