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Social shopping explosion:  Behaviours of the UK online consumer #socialshopper
46% are seeking advice and information when they go online to buy
Social retail ecosystem & the new customer journey Who are the social shoppers? Recommendation and reward  Today’s presentation
2000 active UK internet users August 2010 Nationally representative Independent research by Trendstream Methodology
Social retail & the new customer journey
The UK: a nation of online shoppers. 72% have purchased in last month
Bye, bye, funnel
Hello loyalty loop
The social retail ecosystem
Search & product info are important...   ...but it’s only half the story
Experts vs consumers
Happy customers!
Consumers trust other online          consumers more than retail staff
Post purchase conversation: balance between online and offline
Blippy: Users sharing $1.5m of  purchases a week
Negative reviews more likely on blogs. Positive ones on product site.
Who are the social shoppers?
The social shopper: hunter “I look for the  best  price “
The social shopper: gatherer “I research for product information and comparisons”
Social shopper: collaborator “I search for advice and ideas from consumers”
Kaboodle:  16 m unique monthly visitors
Women are hunting in packs
Recognition and reward
Untapped advocates. 60% want to recommend & review
Recognition: not all about the money  How would you like to be rewarded for recommending a brand or product?
Feeling the online love Try before I buy: 73% Access to products first: 70% Exclusive competitions: 39% Involved in product dev: 25%
Addoway: using virtual currency to incentivise recommendations
Rewards and credibility
Summary The social shopper is changing the retail environment Nearly 50% of consumers are looking for information and advice before buying Huge opportunity to influence them
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