Monday, November 26, 2007

Cyber Monday - Survey data with some interesting notes

Spurred by study saying that up to 3/4 of web shoppers were unsatisfied with the experience, Future Now designed a survey to see who was leading in online retail. They then sent out an army of mystery shoppers to rate the sites. There were some very interesting results.

To analyze the extent to which websites focus on the customer experience, Future Now sent mystery shoppers and Conversion Analysts to over 300 retail websites to gather information for our 2007 Retail Customer Experience Study.

What the Customer Focus Study Reviewed

The study consisted of visiting a retailer’s website and answering a series of Yes/No questions about the availability of 69 different factors that reflect a focus on customer experience. These factors were weighted based on our 10 years of optimizing retail website experiences and totaled to arrive at an eventual score for each site. The features we asked our shoppers and analysts to address include:

• Quality and detail of images (e.g., “Could the shopper zoom in?,” “Did the retailer provide product images from multiple angles?”)
• Product copy description answering the shopper’s implicit questions
• Whether the retailer offers customer reviews
• How the retailer met the shopper’s gift buying needs (e.g., “Did the retailer offer gift wrapping, messaging or gift certificates?”)
• Ease and simplicity of checkout (e.g., “How many pages did it take to check out?” “Did the retailer provide a progress indicator?”)
• Retailer’s ability to address the shopper’s concerns (e.g., return policies, guarantees, third-party seals and security assurances)
• Ease and clarity of retailer return policies
• Providing of shipping and tax totals early in the checkout process
• Offering multiple payment options (e.g., pay-by-check, PayPal, etc.)
• Offering estimated delivery times and showing in-stock availability for items
• Offering in-store pick-up where physical stores exist

We specifically asked the mystery shoppers to ignore:

• price points (inclusive of tax, shipping and handling);
• the ease in locating the products;
• the efficacy of the brand in conveying confidence;
• the impact of overall design on credibility and sales;
• the entire customer experience from search to purchase fulfillment.

Rather than evaluating the entire customer experience, this study provides a benchmark for retail sites based on more objective criteria. Therefore, our 2007 Retail Customer Experience Study provides a thumbnail view of how businesses speak to the needs of their customers.

There’s much work still to be done and plenty of opportunity for improvement. The top-rated site in this study scored only 67 out of a possible 100. Even the top-rated company has plenty of room to grow before it has thoroughly delighted its customers and improved its bottom line.

More data can be found here:
http://www.grokdotcom.com/2007/11/26/cyber-monday-future-nows-2007-retail-customer-experience-study/

Interestingly, a whopping 35% had a checkout process with more than 4 steps.... As we all go online to buy presents, helping us speed through the process should be a priority...

3 comments:

The Gift Goddess said...
This comment has been removed by the author.
The Gift Goddess said...

It's somewhat unbelievable that in this day and age, when the internet and e-commerce as we know it has been around for almost a decade, that a majority of online shoppers still rate their experience as poor. It never fails to blow my mind how major e-tailers have yet to pick the low hanging fruit (from minimizing checkout steps to offering product complements), let alone offer things like seamless shopping experiences - and don't get me started on luxury retailers just now finding their way to the 'world wide web'!! The thing is that there are so many incredible sites these days (amazon, shopbop, etc.) to copy that all it would take is paying a computer science major from some local college a few bucks and a couple of days to whip their stores into shape. Doing so would ensure their continued relevance in the eyes of their customers, which we all know leads to continued sales...

Doc_Roc said...

i do all my shopping online

who has time to go browsing by foot when you can cover so much more SKU's via the web

notch one up for the digital age