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Growing A Business With Online Reviews
Filling In The Gaps ,[object Object],[object Object],[object Object],What this presentation covers
Number of years each channel took to reach a market audience of 50 million? Radio: 38 Television: 13 Internet: 4 Souce: http://www.un.org/cyberschoolbus/briefing/technology/tech.pdf
87% of Australians have purchased something over the Internet. 53% of Australians made a purchase in the last month Source: ACNielsen Global Online Shopping Habits Study
Source: Consumer survey, JC Williams Group, 2006 91% of survey respondents cited consumer content as the #1 aid to a buying decision
The crowd is building a new channel to drive their buying decisions
Customers can get advice from each other directly
For many businesses, your actions speak louder than your advertising department
What Determines Reviews? ,[object Object],[object Object],[object Object]
Audience Factors ,[object Object],[object Object]
Market Factors ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Product Factors ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Hints For Small Business
Most Word Of Mouth Is Positive ,[object Object],Source: “J Curve,” Bazaarvoice and Keller Fay
  ,[object Object],[object Object],[object Object]
[object Object]
How Do You Encourage Reviews? Got a store? Add a point of sale reminder    Track how your customers find you:  Referrer logs Customer surveys    
Take Direct Action ,[object Object],[object Object],[object Object],[object Object]
How Do Reviews Fit Into Existing Channels? Channel Independent Expert Comes To You Based On Customer Experience Direct Advertising Indirect Advertising Professional Reviews Amateur Reviews
Crowdsourcing Is Powerful ,[object Object],[object Object],[object Object],[object Object]
What Makes A Good Customer Reference? ,[object Object],[object Object]
The internet lets your customers unionise against you But they don't strike, they just go your competitors.
Future Of Review Sites? ,[object Object],[object Object],[object Object],[object Object]
[object Object]
Example Australian Review Sites Review Space Site General Reviews  Yabble  Restaurants  Eatability Teachers  Rate My Teacher ISPs  Whirlpool Web Hosting Hosting Jury Wikis  Wiki Matrix Employers  Revyr
  Discussion Time Presented in Sydney, AU on 15 Nov 08 by David Soul Originally posted on david-soul.com

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Barcamp Talk: Growing A Business With Online Reviews

  • 1. Growing A Business With Online Reviews
  • 2.
  • 3. Number of years each channel took to reach a market audience of 50 million? Radio: 38 Television: 13 Internet: 4 Souce: http://www.un.org/cyberschoolbus/briefing/technology/tech.pdf
  • 4. 87% of Australians have purchased something over the Internet. 53% of Australians made a purchase in the last month Source: ACNielsen Global Online Shopping Habits Study
  • 5. Source: Consumer survey, JC Williams Group, 2006 91% of survey respondents cited consumer content as the #1 aid to a buying decision
  • 6. The crowd is building a new channel to drive their buying decisions
  • 7. Customers can get advice from each other directly
  • 8. For many businesses, your actions speak louder than your advertising department
  • 9.
  • 10.
  • 11.
  • 12.
  • 13. Hints For Small Business
  • 14.
  • 15.
  • 16.
  • 17. How Do You Encourage Reviews? Got a store? Add a point of sale reminder   Track how your customers find you: Referrer logs Customer surveys    
  • 18.
  • 19. How Do Reviews Fit Into Existing Channels? Channel Independent Expert Comes To You Based On Customer Experience Direct Advertising Indirect Advertising Professional Reviews Amateur Reviews
  • 20.
  • 21.
  • 22. The internet lets your customers unionise against you But they don't strike, they just go your competitors.
  • 23.
  • 24.
  • 25. Example Australian Review Sites Review Space Site General Reviews Yabble Restaurants Eatability Teachers Rate My Teacher ISPs Whirlpool Web Hosting Hosting Jury Wikis Wiki Matrix Employers Revyr
  • 26.   Discussion Time Presented in Sydney, AU on 15 Nov 08 by David Soul Originally posted on david-soul.com