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Make Your Social Commerce
Experience More Trustworthy
Part 3: Increase Trust, Improve Conversion
Consumer Trust in Brands has Eroded


 Trust                                                       Percentage of
                                                              trustworthy
 is an essential                                                 brands
 ingredient of Social
 Commerce.                                         52%


 But trust in brands has
                                                                           22%
 fallen precipitously in
 the last decade.
                                                   1997                    2008
                                                     Young & Rubicam BrandAsset Valuator




         © Demand Media 2013 All rights reserved                                           2
Consumers Primarily Trust Those They Know
Nielsen asked 28,000
consumers about Trust and
Social Commerce
                                                Trust completely/             Don’t trust much/
                                                somewhat                                   at all
 Recommendations from people I know                                   92%                     8%
      Consumer opinions posted online                           70%                   30%
Editorial content e.g., newspaper article                    58%                  42%
                      Branded websites                       58%                  42%
                  Emails I signed up for                   50%                 50%
                              Display ads              16%                  84%
                          Mobile text ads             15%                   85%
                                                                                     Nielsen, 2012




                 © Demand Media 2013 All rights reserved                                             3
5 Factors that Influence Your Social Trustability

    IDENTITY                                                               OWNERSHIP
 When participants are
  encouraged to use                        ATTRIBUTES                       Verified product
                                         When product reviewers          ownership is critical as
 their real names, the
                                         and others are identified       consumers are diving
   trustability of the
                                         with structured attributes      deep into features and
   social experience
                                          or characteristics, their          experiences
        goes up
                                               relevancy and
                                             trustability grows

    RELATIONSHIP                                                      EXPERIENCE
      When it’s easy for
                                                                       Demonstrated product,
      participants to see
                                                                          category and skill
         how they are
                                                                       experience on the part
     connected they can
                                                                       of content contributors
       find trustworthy,
                                                                         is often even more
     personally relevant
                                                                      important to consumers
          information




              © Demand Media 2013 All rights reserved                                               4
Trust is Important at Every Stage
   1    TRAFFIC                                        ENGAGEMENT             2

  New consumers are more                               Trust that comes from
  attracted to your brand by                           consuming useful content in
  trusted connections and                              the company of likeminded
  content                                              people creates emotional
                                                       bonds

                                               TRUST
   4    LOYALTY                                        CONVERSION             3

  Rewarding contributors who                           Direct and detailed product
  are credible and helpful                             experiences, tied to known,
  surfaces your most trustworthy                       credible sources, inspire
  customers
                                                       more and bigger
                                                       transactions



           © Demand Media 2013 All rights reserved                                   5
Conversion: Customer Transactions
Conversion is the ultimate payoff
for your Social Commerce
investments
Successful Social Commerce
accelerates rates of purchase and
boosts your AOV
Trust gives consumers the
confidence to do business with you
Certain Social Commerce features
can influence the trustworthiness of
your shopping experience



            © Demand Media 2013 All rights reserved   6
Category Discussions Inform
Provide a place for consumers and
staff to talk about product
categories, features, selection and
usage, and you end up with
content that offers both SEO and
educational value
More consumers will find you
And your brand becomes more
credible and authoritative

                                                     Whole Foods uses Forums to involve
                                                     customers in discussions of dietary and
                                                     nutrition issues, by food product



           © Demand Media 2013 All rights reserved                                         7
Product Reviews Influence Purchases
Product Reviews serve up other
consumers’ experiences with a
product under consideration
Reviews are more trustworthy
when they can be filtered by
contributor type and when they
deliver feedback on particular
product attributes



                                                     Redbox injects Trust into its movie reviews
                                                     by allowing shoppers to filter for Friends’ or
                                                     Featured Reviewers’ contributions


           © Demand Media 2013 All rights reserved                                              8
Feature Answers Reassure Consumers
Surrounding your products
with Q&A experiences lets
shoppers gain confidence from
experienced customers and
subject matter in your product
features
Your Staff should ensure that
responses are timely and
accurate.


                                                     UK home improvement chain Homebase
                                                     lets customers and staff respond to
                                                     gardening product questions


           © Demand Media 2013 All rights reserved                                  9
Customer Experiences are Real Stories
Customers’ project journals,
enhanced with photos and videos,
are a great source of genuine,
trustworthy, product information
Blogs are a ideal platform for
Customer Experiences




                                                In Black & Decker’s Step By Step series, do-it-
                                                yourselfers share illustrated details of their home
                                                improvement projects and the tools they used


            © Demand Media 2013 All rights reserved                                             10
Gamification Motivates Influencers
Points and Badges capture
consumers’ participation,
credibility and
trustworthiness
Leader Boards can showcase
influencers and respected
contributors
Public display of these
achievements builds Trust in
your Social Commerce
experience                                           SHOP.CA rewards consumer purchases,
                                                     but also offsite word-of-mouth marketing
                                                     and return visits and purchases that result


           © Demand Media 2013 All rights reserved                                            11
Social Commerce, Trust and Conversion
Consumers demand Trust in                             Conversion is the ultimate goal of
their Social Commerce                                 e-Commerce
experiences
                                                      You can accelerate and
Trust influences every stage of                       increase conversions using
the Social Commerce cycle
                                                      •   Category Discussions
You can takes steps that build
                                                      •   Product Reviews
Trust into your Social Commerce
experience                                            •   Feature Answers
                                                      •   Customer Experiences
                                                      •   Gamification




            © Demand Media 2013 All rights reserved                                        12
About Pluck
Integrated customer interaction platform

Distinguished by its breadth of features
and versatility, with product reviews
and much more

Used by 600+ retailers and brands

Enables them to
• grow their audience
• accelerate product sales, and
• ensure customer delight




            © Demand Media 2013 All rights reserved   13
Pluck is the Choice of Market Leaders




       © Demand Media 2013 All rights reserved   14
This Presentation is Part of a Series
Look in SlideShare for the other presentations in Pluck’s
Trusted Social Commerce series:


Trusted Social Commerce Attracts More Traffic

Trusted Social Commerce Fosters Engagement

Trusted Social Commerce Produces Loyalty




            © Demand Media 2013 All rights reserved         15
To Learn More…

  info@pluck.com
  www.pluck.com
  (+1) 512 457 5220
  twitter.com/Pluck




     © Demand Media 2013 All rights reserved   16

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Trusted Social Commerce Increases Conversion

  • 1. Make Your Social Commerce Experience More Trustworthy Part 3: Increase Trust, Improve Conversion
  • 2. Consumer Trust in Brands has Eroded Trust Percentage of trustworthy is an essential brands ingredient of Social Commerce. 52% But trust in brands has 22% fallen precipitously in the last decade. 1997 2008 Young & Rubicam BrandAsset Valuator © Demand Media 2013 All rights reserved 2
  • 3. Consumers Primarily Trust Those They Know Nielsen asked 28,000 consumers about Trust and Social Commerce Trust completely/ Don’t trust much/ somewhat at all Recommendations from people I know 92% 8% Consumer opinions posted online 70% 30% Editorial content e.g., newspaper article 58% 42% Branded websites 58% 42% Emails I signed up for 50% 50% Display ads 16% 84% Mobile text ads 15% 85% Nielsen, 2012 © Demand Media 2013 All rights reserved 3
  • 4. 5 Factors that Influence Your Social Trustability IDENTITY OWNERSHIP When participants are encouraged to use ATTRIBUTES Verified product When product reviewers ownership is critical as their real names, the and others are identified consumers are diving trustability of the with structured attributes deep into features and social experience or characteristics, their experiences goes up relevancy and trustability grows RELATIONSHIP EXPERIENCE When it’s easy for Demonstrated product, participants to see category and skill how they are experience on the part connected they can of content contributors find trustworthy, is often even more personally relevant important to consumers information © Demand Media 2013 All rights reserved 4
  • 5. Trust is Important at Every Stage 1 TRAFFIC ENGAGEMENT 2 New consumers are more Trust that comes from attracted to your brand by consuming useful content in trusted connections and the company of likeminded content people creates emotional bonds TRUST 4 LOYALTY CONVERSION 3 Rewarding contributors who Direct and detailed product are credible and helpful experiences, tied to known, surfaces your most trustworthy credible sources, inspire customers more and bigger transactions © Demand Media 2013 All rights reserved 5
  • 6. Conversion: Customer Transactions Conversion is the ultimate payoff for your Social Commerce investments Successful Social Commerce accelerates rates of purchase and boosts your AOV Trust gives consumers the confidence to do business with you Certain Social Commerce features can influence the trustworthiness of your shopping experience © Demand Media 2013 All rights reserved 6
  • 7. Category Discussions Inform Provide a place for consumers and staff to talk about product categories, features, selection and usage, and you end up with content that offers both SEO and educational value More consumers will find you And your brand becomes more credible and authoritative Whole Foods uses Forums to involve customers in discussions of dietary and nutrition issues, by food product © Demand Media 2013 All rights reserved 7
  • 8. Product Reviews Influence Purchases Product Reviews serve up other consumers’ experiences with a product under consideration Reviews are more trustworthy when they can be filtered by contributor type and when they deliver feedback on particular product attributes Redbox injects Trust into its movie reviews by allowing shoppers to filter for Friends’ or Featured Reviewers’ contributions © Demand Media 2013 All rights reserved 8
  • 9. Feature Answers Reassure Consumers Surrounding your products with Q&A experiences lets shoppers gain confidence from experienced customers and subject matter in your product features Your Staff should ensure that responses are timely and accurate. UK home improvement chain Homebase lets customers and staff respond to gardening product questions © Demand Media 2013 All rights reserved 9
  • 10. Customer Experiences are Real Stories Customers’ project journals, enhanced with photos and videos, are a great source of genuine, trustworthy, product information Blogs are a ideal platform for Customer Experiences In Black & Decker’s Step By Step series, do-it- yourselfers share illustrated details of their home improvement projects and the tools they used © Demand Media 2013 All rights reserved 10
  • 11. Gamification Motivates Influencers Points and Badges capture consumers’ participation, credibility and trustworthiness Leader Boards can showcase influencers and respected contributors Public display of these achievements builds Trust in your Social Commerce experience SHOP.CA rewards consumer purchases, but also offsite word-of-mouth marketing and return visits and purchases that result © Demand Media 2013 All rights reserved 11
  • 12. Social Commerce, Trust and Conversion Consumers demand Trust in Conversion is the ultimate goal of their Social Commerce e-Commerce experiences You can accelerate and Trust influences every stage of increase conversions using the Social Commerce cycle • Category Discussions You can takes steps that build • Product Reviews Trust into your Social Commerce experience • Feature Answers • Customer Experiences • Gamification © Demand Media 2013 All rights reserved 12
  • 13. About Pluck Integrated customer interaction platform Distinguished by its breadth of features and versatility, with product reviews and much more Used by 600+ retailers and brands Enables them to • grow their audience • accelerate product sales, and • ensure customer delight © Demand Media 2013 All rights reserved 13
  • 14. Pluck is the Choice of Market Leaders © Demand Media 2013 All rights reserved 14
  • 15. This Presentation is Part of a Series Look in SlideShare for the other presentations in Pluck’s Trusted Social Commerce series: Trusted Social Commerce Attracts More Traffic Trusted Social Commerce Fosters Engagement Trusted Social Commerce Produces Loyalty © Demand Media 2013 All rights reserved 15
  • 16. To Learn More… info@pluck.com www.pluck.com (+1) 512 457 5220 twitter.com/Pluck © Demand Media 2013 All rights reserved 16