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Turn on the Lights in your Online Store
 

Turn on the Lights in your Online Store

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    Turn on the Lights in your Online Store Turn on the Lights in your Online Store Document Transcript

    • WHITE PAPERFebruary 2009 Turn on the Lights in yourOnline Store with LivePerson’sReal-Time Visitor Information
    • Turn on the Lights in your Online Store withLivePerson’s Real-Time Visitor InformationTable of ContentsIntroduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1Access Who is on your Site — Right Now. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2Segment Visitors and Determine Whom to Engage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3Optimize Marketing Initiatives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5Optimizing Websites, Web Processes and Content . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7Measure and Report on the ROI of the Chat/Voice Channel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8Prevent Fraud . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8Conclusion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
    • Turn on the Lights in your Online Store withLivePerson’s Real-Time Visitor InformationIntroductionNow that the Internet has evolved into a mainstream channel for doing business, site owners are seeking to apply best practiceslong relied upon by their brick-and-mortar counterparts to the online medium.Topping the list of best practices are visitor segmentation and targeting. Of all the visitors who come to your site, which ones shouldyou engage? Are there behavior patterns that indicate certain visitors could be encouraged to make a purchase, or increase their ordersize if engaged by a site representative? If so, how can you proactively identify and invite those visitors to chat at the mostopportune time?With the right chat service provider, ecommerce managers can watch what goes on in their online store in real time, and take stepsto positively affect the outcome of visitor sessions. They can also identify visitors who are valued customers, as well as prospectstargeted via an e-newsletter, banner ad or other marketing initiative. Moreover, watching visitors as they click through a site enablesretailers to evaluate their promotions, Web processes, and the efficacy of key marketing initiatives, such as pay-per-click campaigns.Why are these important differentiators? As Shop.org, a leading research firm specializing in Internet retailing, reports, most sites haveconversion rates that range between three and five percent. Chat initiatives should take care to stay out of the way of conversions thatwill happen naturally on the site. But without a proactive solution to illuminate who is on your site and pinpoint the right visitor toengage, chat agents are likely to spend a great deal of time either handling service chats or chatting with visitors who are likely to buyanyway. Worse, site owners miss out on the opportunity to truly optimize their site so that it attracts happy and loyal customers.This paper examines how site owners – using LivePerson services – can assess who is on their site; segment visitors based on interestand determine whom to engage; optimize both their marketing initiatives and website processes; measure and report on the ROI oftheir chat channel; and even prevent fraud. P1
    • Turn on the Lights in your Online Store withLivePerson’s Real-Time Visitor InformationAssess Who Is On Your Site – Right NowGone are the days when online retailers put up websites, spent lavishly to drive site traffic, and hoped for the best. Today, usingLivePerson services, site owners can assess who is on their site, how those visitors arrived there, visitor interests, and even visitorpropensity to buy – all in real time.The LivePerson Operator Console provides a chat agent with a wealth of real-time information about visitors, including city, state andcountry, whether they’ve previously chatted or purchased an item, and specific interests based on the product pages viewed, formscompleted, and items placed in the shopping cart.Additionally, the LivePerson Campaign Viewer tracks all of the many paths that lead to your site, enabling chat agents to instantlyidentify visitors who have responded to a marketing campaign (such as a Google AdWord or e-newsletter), typed the URL directlyinto their browser’s address bar, arrived by means of a link on a referring site, or reached it via an unpaid (organic) search.Most of these data points, including campaign details, are available at-a-glance in the Visitor List of the Operator Console. Detailedinformation, such as the sequence of pages visited or past interactions, are available with just a few clicks. The Visitor List provides a snapshot of who is on your site, the pages visited, and how they arrived. Chat agents can also capture visitor session data for later analysis if, for example, they want to analyze the click-stream of visitors who arrive via a specific AdWord. P2
    • Turn on the Lights in your Online Store withLivePerson’s Real-Time Visitor InformationSegment Visitors and Determine Whom to EngageIn the brick-and-mortar world, segmenting customers can be very straight forward. If a woman walks into an electronics storepushing a baby stroller, the sales associates would safely assume that she’d have as much interest in an Xbox as a teenager witha skateboard under his arm would have in baby-monitoring devices.Fortunately, segmenting online visitors is now possible. LivePerson provides site owners with a variety of tools to help themdetermine the interests of specific visitors and select whom to engage. Some examples:Keyword SearchesNearly all consumers who are serious about making anonline purchase begin the process by entering a productterm into a search engine. Consequently, site ownersshould pay attention to these visitors, particularly if theysearch on a keyword that represents one of the site’ssweet spots. LivePerson flags all visitors who arrive on thesite via a search engine and provides the exact term used,enabling chat agents to monitor these visitors and engagethe hot leads. Get real-time insight into all marketing activities that drive traffic to your website, including search engines and paid and organic search terms.Repeat Visitors, Chatters, BuyersRepeat visitors and repeat chatters are highly qualifiedvisitors. Research conducted by LivePerson revealedthat consumers visit at least four sites prior to making apurchasing decision, and visit the site from which they will ultimately buy multiple times. Visitors who have chatted or purchasedpreviously from the site also show a high propensity to make additional purchases (assuming the experience was a positive one).By flagging repeat visitors, chatters and buyers, LivePerson gives agents an opportunity to identify and offer assistance to visitorswho are in the process of making a purchasing decision, or offer special incentives to valued customers.Recipients of Marketing CampaignsCompanies relying on e-newsletters, banner ads or email marketing to increase market share or encourage repeat business can linkthose efforts to chat initiatives. The LivePerson Campaign Viewer presents in-depth details on the campaign as soon as the prospectarrives on the site. Chat agents can offer a follow-up incentive relating to the promotion, or simply monitor their click-throughbehavior. The Campaign Viewer is completely integrated with Google Analytics, and automatically tracks all Google Campaigns. P3
    • Turn on the Lights in your Online Store withLivePerson’s Real-Time Visitor InformationValue of the Shopping CartAgents can opt to initiate a chat with visitors based on the value of the items placed in their shopping carts. For instance, agents cansend chat invitations to visitors who abandon their shopping cart, or offer free shipping to a visitor if his or her order meets a specificprice threshold. The agent console lets agents view the content of a visitor’s Shopping Cart in real time. Viewing the items in a visitor’s shopping cart enables agents to make decisions as to whom to engage.Geographic RegionAs CMOs will attest, geography provides strategic insight into a customer’s product preference and budget. Customers in wealthyregions are more apt to purchase higher-end products; visitors in urban areas tend to gravitate towards trendier product lines.By analyzing the regional characteristics of high-value customers, priorities can be set for agents to determine whom to engage. P4
    • Turn on the Lights in your Online Store withLivePerson’s Real-Time Visitor InformationOptimize Marketing InitiativesFor many years, ecommerce managers focused their marketing efforts on bringing traffic to a retail site. Vast sums were spentpublicizing a site’s Web address, and success was measured by the number of unique visitors a site received each month. Retailerssoon learned, however, that volume wasn’t nearly as important as qualification, and new focus was placed on bringing only thosevisitors who were most likely to have an interest in the site’s products and services.Today, most retailers have pay-per-click, referral and banner ad/online media strategies in place. While these refinements have donemuch to improve the quality of visitors, costs can be steep. Now, retailers are looking for ways to refine those marketing initiativesfurther to enable a greater return.A significant benefit of the LivePerson Campaign Viewer is its ability to help site owners make rational choices with regards tomarketing initiatives. For instance, the Campaign Viewer allows retailers to identify the specific keywords, site referrals, and bannerads that generate the most chats and sales. It also provides valuable insight for optimizing current initiatives, e.g., the Creative Fielddisplays which version of an ad is clicked by visitors and buyers.SEO/SEM Campaign OptimizationKeyword OptimizationThe Campaign Viewer can help retailers discover negative keywords, i.e., AdWords that are paid for on a monthly basis, yet bringvisitors who are not candidates for your product or service. It’s also helpful for spotting common negative terms that should be addedto a negative match list.Pay-Per-Click DeploymentsReal-time monitoring will help retailers quickly spot mistakes in pay-per-click deployments, such as setting a campaign globally whenit delivers better results targeted at a specific region. The ramifications of too wide a deployment can be severe: in a matter of hours,retailers can incur tens of thousands of dollars in costs attracting unqualified visitors to their sites.Email/Newsletter CampaignsSimply watching visitors in real time can alert retailers to problems with a promotion early in its launch. For example, let’s say a retailerintroduces an online promotion offering a 10 percent discount on product X for a limited time, and buys an AdWord to attract visitors.Do visitors respond? And what do visitors do once they’ve landed on the promotion page? If they leave the site immediately, theretailer is alerted to a problem and can take steps to address it. P5
    • Turn on the Lights in your Online Store withLivePerson’s Real-Time Visitor InformationVisitor PathMonitoring visitors in real time enables retailers to see how every visitor on their site arrived, who referred them, and what theydo upon arrival. This data can be leveraged to identify details about visitor paths for entry, purchase, and exit.It is important to note that visitors do not need to chat in order for retailers to analyze their behavior. The Capture Visitor featureallows chat agents to select any visitor on the site – perhaps one who arrived via an unfamiliar referring site – and capture that visitor’ssession data for later analysis.LivePerson helps retailers add efficiency to their online marketing initiatives by enabling them to discover which efforts bringthe best results. Ecommerce managers can use their observations to tweak their marketing programs. LivePerson Campaign Viewer provides real-time insight into all marketing activities that drive traffic to a website. Chat agents can select any visitor and capture his or her session data for later analysis. P6
    • Turn on the Lights in your Online Store withLivePerson’s Real-Time Visitor InformationOptimizing Websites, Web Processes and ContentHow friendly is your site to visitors eager to make purchases? Can first-time visitors easily find what they need? Are product accessorypages easy to locate? Does your site have an unusually high shopping cart abandonment rate?Assessing your site’s processes and flows is as important as assessing your company’s pricing and shipping strategy. Sites need tobe optimized so that busy consumers can find what they’re looking for quickly and efficiently.Site & Content ErrorsMonitoring visitors in real time helps retailers identify site errors and other obstacles that prevent visitors from accomplishing theirgoals for coming to a site. All sales promotions are essentially Web processes: visitors should click from point A to point B to point C.If a significant portion of visitors are stopping at point B, the retailer will know there is a problem with the process, and can take stepsto address it.The errors may be wide-ranging, from a bug in the software to messaging that confuses or fails to resonate with the visitor. Whateverthe cause, real-time monitoring will alert the retailer of the presence of an issue so that remedial steps may be taken. P7
    • Turn on the Lights in your Online Store withLivePerson’s Real-Time Visitor InformationMeasure and Report on the ROI of the Chat/Voice ChannelLivePerson Google Analytics integration enables retailers to incorporate live chat and/or voice statistics with the powerful GoogleAnalytics reporting engine. The benefit of this integration is that it allows retailers to measure and report on the ROI of chat and/orvoice channels.By integrating Google Analytics with LivePerson, the retailer gains strategic insight into those visitors who engage with an agent andgo on to make purchases. This intelligence can then be leveraged to further finesse ongoing marketing initiatives and drive revenues.For instance, retailers can easily generate reports on keywords and marketing campaigns that result in the most chats; measure andtrack the impact of LivePerson services on online sales and lead generation; as well as access a wealth of statistical reports that trackcharacteristics of visitors who chat (or talk) and make purchases. Live Chat Conversions per Search Engine.Prevent FraudRetailers can leverage LivePerson’s geo-location feature to prevent fraud by flagging and blocking suspicious transactions andcomparing a credit card billing address to an actual IP domain location. By discovering non-matching information, sites can haltfraudulent transactions and reduce their attendant losses.Click fraud occurs when publishers who receive a commission for referring traffic to a site flood that site with visitors in an effortto drive up their earnings. Such fraud can be detected by monitoring sites in real time. If multiple hits are coming in from a pool ofusers, each of whom click on the site repeatedly, it is most likely a case of click fraud. P8
    • Turn on the Lights in your Online Store withLivePerson’s Real-Time Visitor InformationConclusionA broad swath of consumers have fully embraced online shopping, which is good news for all companies seeking to do businesson the Web. But it also means that competition online will continue to increase as more retailers seek to take advantage of onlineshopping’s popularity. Success in online retailing in 2009 and beyond will come to those who are able to implement the bestpractices long used in the offline world to the online medium. That means knowing who your visitors are, and responding to themas individuals. And it also means honing online marketing programs so that they reach your target audience, not the online worldat-large.Fortunately, the tools that retailers need to accomplish these tasks are now available. They include the LivePerson Agent Console,Campaign Viewer and Google Analytics Integration. With these tools, retailers can segment visitors, determine who to engage,finesse their online marketing programs, Web processes, content, and even detect fraud. Contact: LivePerson, Inc. T: 212.609.4200 462 7th Avenue F: 212.609.4233 3rd Floor info@liveperson.com New York, NY 10018 www.liveperson.comAbout LivePersonLivePerson is a provider of online engagement solutions that facilitate real-time assistance and trusted expert advice. Connectingbusinesses and experts with consumers seeking help on the Web, our hosted software platform creates more relevant, compellingand personalized online experiences. Every month, LivePerson’s intelligent technology helps millions of people succeed online;more than 7,000 companies, including EarthLink, Hewlett-Packard, Microsoft, Qwest, and Verizon, rely on LivePerson to maximize theimpact of the online channel. LivePerson is headquartered in New York City. P9