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Internet Travel Monitor - Marketing & Research
January 23, 2008
Content Meets the Purchase Funnel
NEW YORK, NY – This traditionally slow post-holiday lull is a good time for online retailers to improve their marketing. One area of opportunity is enriching content to support the purchase process. Content consumes 47 percent of users' time online, more than three times the amount spent online with actual commerce sites, according to 2007 research from the Online Publishers Association and Nielsen Net//Ratings. Examples of major e-commerce sites augmenting their sites with customer-friendly content are 1-800 Flowers' Celebrations and Amazon's High-Def 101.
Content Meets the Purchase Funnel
E-commerce marketers should define content broadly and consider customers' information needs at each point in the purchase process. Remember, customers are looking to buy the optimal product at the best price within their purchasing timeframe.
Because consumer's needs vary based on where they are in the decision process, use the purchase funnel's five major phases to better understand the content needed. Some types of content may serve multiple purposes.
Phase 1: Research
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Customer's goal: Collect information and determine the consideration set. Regardless of the channel used for a purchase, many consumers start the shopping process online. From a content perspective, this translates to:
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Product information related to the broad product category or specific to a brand or model number
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Company information so customers know with whom they're dealing, especially if the merchant isn't a major brand name
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FAQs related to the product
Phase 2: Engage
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Customer goal: Assess purchase options, specific products, and potential retailers. In this phase, customers look for information that distinguishes one product, brand, or merchant from another in ways they consider important, including:
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Deeper product information, including pricing and specific brand or model details. They may review information provided in the initial phase or supplement it by seeking answers to additional questions or needs. Information can come from other forms of communication, such as newsletters and catalogs.
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Customer reviews on your site and third-party sites. Amazon was one of the trailblazers on this front.
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Company or dealer specific information, such as "about us" sections, to better understand the company, including phone numbers, physical addresses, and maps.
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Customer service related to specific needs. Include an "e-mail us" option to answer any open questions.
Phase 3: Conversion/Purchase
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Marketer's objective: Close the sale. Remember, your competition is just a click away! Whether the sale is online or off-, track whether customers did preliminary research online. Consider providing a toll-free phone number to let customer talk to a person to close the purchase.
Phase 4: Post-Purchase Support
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Marketer's objective: Continue enhancing the relationship and ensure the customer is happy with the product. While many marketers view this support as a cost, use this process to enhance the customer experience, reduce returns, and up-sell customer-related products. Premium customer support can yield revenues. Assess the following:
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Returns. Consider whether enhanced information helps customers better use products, reducing returns.
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Customer service. Examine whether additional content reduces the amount of customer service needed, especially from representatives.
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Related products. Use this process to sell additional or related products. Track sales of these referrals. Also, assess the potential for developing new information products to support your core offering.
Phase 5: Advocacy
Copyright 2008 Incisive Interactive Marketing LLC. All rights
reserved. From http://www.clickz.com. By Heidi Cohen.
To view the Internet Travel Monitor Archive, click http://www.tripinfo.com/ITM/index.html.
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