Archive for April, 2008

Sam Decker How to LIVE RICH

April 29th, 2008 by Sam Decker Chief Marketing Officer

A good friend and ex-Dell colleague (and Bazaarvoice client) passed away on Friday, April 25, 2008, after a courageous and inspiring battle with brain cancer. I want to celebrate and share the piece of his life I knew, and the words of wisdom he left for all of us. Two months after I joined Dell in March 1999, a curly-haired Harvard grad moved into the cube next door. Over the next seven years Rich and I worked together to help build Dell’s consumer eBusiness to a $3.5B business, and then on Dell’s CRM and segmentation strategy (he worked on corporate strategy while I worked in Consumer division). But what he worked on is not as important as HOW he accomplished his goals.

Rich exemplified leadership. In fact, he had the rare quality of being a Level 5 Leader, as outlined by Jim Collins’ book, Good to Great. He excelled through confident humility amidst a (typical) corporate environment of politics, ego and alpha aggression. He always put decision in terms of what was right for the business, and helped others grow in the process. Everyone loved to work with Rich or for him.

So many of us were awestruck at Rich’s knowledge and wisdom. Rich often put up ‘observations’ on his small whiteboard in his cube. One time he made the observation that time and quality of mission statement are inversely related – graphed on the board, the more time spent on the mission statement the less it resonates. So true. And so funny.

Rich was a devoted father and husband. He excelled in this role as much as he excelled at work. We often played basketball together before work, but for a lot of the year, he also found time to teach children’s Bible study. Rich always left at 6pm to get home in time for dinner with his wife and growing family (now three children: David, Josh and James). Here you see pictures of him at my 30th birthday holding our new sons.

Occasionally we would joke in Spanish to each other, and I gave him the (inside joke) nickname of “El Bueno”, because in every way he was good. He was bound for greatness, and achieved it quickly at Dell accelerating his career to be Director for Global CRM and Customer Experience, reporting to Dell’s CMO.

Two months after I left Dell in early 2006 Rich called to seek advice about his decision to leave. He was interviewing to be President of Peruvian Connection in Kansas City. His Dell career was skyrocketing, and Rich could get a senior exec job at any other large company, but we agreed leading this growing multi-channel retailer (with much better margin than computers!) was his dream job.In February the recruiter responded to my endorsement of Rich:

Thanks for your endorsement of Rich Lloyd.  We had him tested, and the management testing center said he’s brilliant.  Rich seems to be a rare combination of raw intellect and leadership capability.  Off the charts in both categories.

They saw what I didn’t have to tell them. He got the job, and on March 28 he sent this email:

This is my final week here at Dell and I want to say thank you to all of the mentors, leaders, and colleagues, and truly, friends, that have meant a great deal to me in my nearly seven years here.  I am moving on to become President of Peruvian Connection, a private, direct-sales luxury apparel company based in the Kansas City area.

I came to Dell in 1999 seeking the world’s best post-graduate business education — and I got that, and then some. Along the way I met some truly remarkable people and was given some incredibly rewarding and enriching assignments.  I want to thank all of you for a great experience, and in particular, four great bosses/mentors in Mike George, Tom Vogl, Bobbi Dangerfield and Kurt Kirsch, who believed in me and in my potential…  People who were great business leaders, but even better people.

Many people would say the same good things about Rich; he was a great boss and mentor to many people I know. He impacted many others through the example he set at work and home.Rich and I kept in touch sporadically as he thrived at Peruvian. I saw him at a couple conferences and he was in great spirits. He was very happy in Kansas City and at his job, making a bigger impact on a smaller scale. I had to bottle some of his wisdom, and interviewed him on my blog here.

In August 2007 Rich was diagnosed with Brain Cancer. He moved back to Utah with his family to seek treatment, and kept everyone who knew him up to date through his CaringBridge journal. Like hundreds of others, I read every alert. Over the last 8 months he shared his ups and downs, but ALWAYS with a sense of hope, optimism, strength and gratitude. I never read or sensed despair from Rich or Marianne (his wife). He inspired hundreds (perhaps thousands) of people through his battle. Even up to –  especially up to – the very end.

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Sam Decker Best New Band in Austin Joining us for Social Commerce Summit

April 25th, 2008 by Sam Decker Chief Marketing Officer

Austin, TX is the Live Music Capital of the World. So, it’s fitting we bring live music to the first annual Bazaarvoice Social Commerce Summit!

One of the nation’s hottest up-and-coming bands, the Band of Heathens, will be providing their authentic Austin brand of Country, Blues, and Soul music at the Bazaarvoice Social Commerce Summit, in May.  In 2007, the Band of Heathens was named Best New Band at the Austin Music Awards, no small feat for a band in the Live Music Capital of the World.  When you see them live, you will see why.  The Band of Heathens’ music brings to mind timeless acts like Little Feat, the Rolling Stones, Otis Redding, and the Band, with lots of 3 part harmony and foot stomping soul.

This year finds the Band of Heathens everywhere from brief appearances in Barack Obama Superbowl Commercials to touring across the country from the Sundance Film Festival in Park City, Utah, to Mountain Stage in West Virginia, to the CMA Music Festival in Nashville, and back home for the Austin City Limits Festival.  We are excited to have them at the Bazaarvoice Social Commerce Summit just one week after the release of their new self titled studio album.  Tune in to XM Radio channel 12 (X-Country) to hear the Band of Heathens regularly.

Also…there will be a special, exclusive surprise from the Band of Heathens and Bazaarvoice for everyone attending this year’s summit!

Sam Decker Living Social Commerce in London

April 24th, 2008 by Sam Decker Chief Marketing Officer

With the explosive growth of international markets, Bazaarvoice has expanded the Client Services team overseas starting with their first Community Manager, focused on the needs of its UK and European clients. Anna Skaya, our International Community Manager, gives us a quick look into the growing UK online community.

by Anna Skaya, International Community Manager

Londoners are huge talkers! On the mobile, at the tube stations, or in queue at the loo, there is a constant exchange of information on every level and in every direction. Plus – with the reputation of being the most international city in the world – it happens in every language! It is no surprise that I am finding that the online community in the UK to be just as vocal.

Word of mouth IS London. I know it firsthand – as a recent arrival, I already know where they serve the best Sunday Roast, or where to find the best tikka masala, or that I can get the coolest knickers at Primark (no kidding!) – all without ever opening a guidebook or patrolling the city.  Londoners LOVE to talk. On the tube and in the pub, as well as on blogs, and our client’s sites – everyone is doing their part to make me feel like a local.

So far, I have been genuinely impressed with my clients, and some of the biggest UK names like Screwfix, Wickes, Boden and Halfords are driving the UK online industry. Their fresh ideas and forward-thinking Ratings and Reviews and Ask & Answer branding is reaching the best audiences, and growing a fantastic online community. 
What I’ve learned so far…

Brits are positive about products! Our recent study proved that UK shoppers are even more positive than US shoppers when it comes to reviews. 88% of UK reviews have a  4 and 5-star ratings, and 80% of UK reviewers have written six or more online reviews – showing huge brand engagement. I love this stat – I think it shows that the market in the UK is smaller, allowing for more consumer loyalty with set brands. UGC makes that connection and loyalty with the brand even stronger! I knew this story really hit on something big when I saw it picked up in almost a dozen publications this week, including Internet Retailing, New Media Age, NetImperative, and more!

This is tremendous news for our client here – the need for word of mouth and the excitement generated by these stats truly show the importance and necessity of the customer voice in the industry. As we gear up for our Social Commerce Summit in Austin, look to the UK to be driving many of the new ideas on social media, blogging and consumer intelligence. And I’ll be bringing all the learnings back to the UK for our clients who can’t make the trip to across the Atlantic.

UK clients embrace multi-channel marketing! While use of reviews overall continues to build in the UK, what really sets this market apart are the fresh ideas and new brand voices – there is just so much room for creativity and innovation here!  Boden’s post-purchase email is a great example of how they extend their personal voice beyond their site while collecting more reviews, and their “weekend getaway” email is terrific – and so innovative that Kelly Mooney (author of The Open Brand) blogged about them!

My favorite frills and lace client, Figleaves, recently blogged on their uber-fun blogleaves to encourage customers to become their lucky 10,000th reviewer. Way to get the whole community pumped up about your milestone! And check out the ultimate use of multi-channel far beyond the website, even on a double-decker bus! 

This is only the beginning! We are rocking it in the UK – the energy is high, and there is so much to do! My favorite part? Meeting my UK clients in person and helping them innovate with their customer-generated content. It makes the 300 days of rain all seem worthwhile!

Brant Barton Partner Interview: John Squire, Chief Strategy Officer, Coremetrics

April 22nd, 2008 by Brant Barton Co-Founder and Chief Innovation Officer

Apologies for the several week delay between posting partner interviews, but I am pleased to share the following interview with John Squire, Chief Strategy Officer of Coremetrics.  John has been quite busy recently, driving the launch of Connect and preparing for a major product release in May, but he took the time to share his outlook on a variety of industry issues.  We welcome your comments and invite you to suggest questions and topics for future partner interviews by emailing partners@bazaarvoice.com.

1. It’s 2008.  By now, every online business understands that without a web analytics solution, they are flying blind.  That said, not all businesses are sophisticated users of web analytics.  On average, how would you grade the industry overall?

I think it’s fair to say that most online business owners recognize that flying blind is far from ideal.  Understanding an issue and actually working to overcome it are two entirely different activities.  I would give the entire industry a C- overall.  That said, there’s certainly a class of businesses that are far and away excelling at their use of web analytics.

2. What are companies doing extremely well?

Looking at the leaders in the field of using web analytics to manage their business, a casual observer would likely conclude the secret to their success is that they are actively and constantly monitoring the Key Performance Indicators (KPI) of their web business.  That’s a common trait among each of these, but what we’ve seen that separates the high performing companies from the distant followers is that their organizations truly embrace the notion of data driven decisions.  I realize that is easy to say, but these companies look at both the macro trends of their business and constantly break down each KPI to understand the causal factors that drive those trends.  From that, they build business models that describe how a % increase or decrease in those causal factors will impact the value created servicing their online visitors and customers.  It isn’t easy!  Businesses that lead in this area work hard to map their online and offline investments to their topline objectives: Sales, Leads Generated, Advertising Revenue Generated, Bookings, Applications, and the many metrics for Customer Satisfaction, Engagement, and Service.

3. What big opportunities are routinely being overlooked and why?

The odd thing about the online business is that there are so many articles, case studies, and books available on the best practices online businesses are deploying, that it can be daunting to know where to start.  What I see is that many companies don’t start or don’t value the importance of constantly evaluating their business for improvement.  I think there are two areas where a majority of business owners have huge opportunities:

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Brett Hurt An Incredibly Transformational Time in History (Part 2)

April 19th, 2008 by Brett Hurt Founder and CEO

Part 1 of this post hit a nerve.  I received many emails from long-time industry friends as well as employees in our company.  It makes me happy to know that a lot of you are thinking about the same profound issues that I am.

As I promised, Part 2 is more focused on the forces shaping global commerce that we directly see in our business, working with our clients and partners.

5.    Digitally archived word-of-mouth: Blogs are here to stay (see BusinessWeek for a recap).  Word-of-mouth online is not a phase.  It’s a permanent shift.  Word-of-mouth has always been with us (that’s why I named our company Bazaarvoice).  More than 70 of the top 100 retailers in the U.S. have, or are launching, customer reviews today.  When Brant and I launched Bazaarvoice three years ago, only five retailers in the U.S. offered customer reviews, including Amazon.com.  Over the past three years, we have served 10 billion reviews to shoppers (see our recent celebration of this and real-time counter) and are on a current run-rate to serve another 20 billion over just the next year of our business.  Customer reviews are word-of-mouth.  People speak the same way about products online as they do offline.  We are literally seeing word-of-mouth for the first time in human history.

        Luxury retailers are still vigorously debating this – not wanting to give up control and open up their brand.  Like I do almost every week (it seems), I spent time on Wednesday in NYC debating this with the head of online marketing and merchandising of a luxury apparel retailer.  Meanwhile, Best Buy and Wal-Mart have been launching incredible multichannel campaigns (see them here and here), leveraging the power of customer reviews to drive sales online and offline.  Wal-Mart and QVC have all of their online merchandisers plugged into our reports.  They are having intense conversations with their suppliers to reduce returns, increase customer satisfaction, and ultimately evolve their offerings.  The end-game?  Better products and services for all of us.  I knew we were on to something big when we started Bazaarvoice.  But I had no idea it would affect this much change, this quickly.  The fact that Wal-Mart launched customer-review-focused, in-store nationwide campaigns only six months after they launched with us online has staggering implications for the retail industry.

        And it’s not just limited to retail.  Any market where word-of-mouth plays a significant role in driving the transaction are good markets for the type of transformation we offer.  We are, or soon will be (due to signed agreements), powering customer reviews for some of the largest manufacturers of consumer products, banks, credit unions, insurance companies, portals, travel sites, and healthcare companies.  We are doing this globally, in 20 international languages.  We have four offices now – Austin, London, Paris, and now Singapore.  This is a global movement.  As an entrepreneur, it is impossible for me to not be passionate about helping clients lead this transformation.  Word-of-mouth online is an incredibly disruptive force, and I mean this in a positive way if harnessed correctly.  Why did I start this company after seven years at Coremetrics?  Because I knew it worked – but I didn't realize that it worked as well as I know it does now. 

        Seven years ago, Michael Porter wrote about the Web’s incredibly disruptive impact on the five forces (standard material for any MBA program).  When I read this article in 2001, I thought, "Porter is late to the game".  Now when I re-read it in the context of the social media movement, I think he was incredibly visionary.  Smart companies are reaping the rewards of that disruption, while others have been too slow to change and are going out of business.

6.    Six degrees of separation (tip of the hat to my brilliant and passionate friend, Mitch): Millennials are growing up connected to social networks, namely Facebook.  Their network of friends is intact for as long as they’ve been in “the system”.  They will be able to track their friends’ progress throughout life’s many stages – forever.  I’ve been a programmer since I was 7 and have communicated online (via BBSs) since I was 8 (launching my own when I was 10).  So I can relate.  But I can’t imagine all of the implications of all of this connectedness.  What does it mean, as a human being, to be able to so easily track your friends evolution in life as they go from preteen to teen to college to career to marriage to parenthood and, ultimately, to death?  A typical Millennial is connected to hundreds of friends on Facebook.  By comparison, I personally keep in close touch with only one of my early childhood friends (a few more are reconnecting via Facebook, but I have missed decades of their life and its hard to relate to them anymore). 

        How will these Millennials be shaped by this as shoppers?  As people?  Obviously, social media everywhere will be an expectation.  Ubiquitous Web access, via mobile, is rapidly coming.  How will companies adapt?  Typical Facebook banner-ads are getting .005% click-thru rates, as reported on the Web 2.0 panel at Shop.org last week by those helping their clients experiment with them.  That’s pathetic performance!  Millennials don’t want the disruption by brands when they are in the modality of friending – unless they actually help them enhance that experience.  Being on Google, Yahoo!, or Live.com and clicking on a paid-search link when they are in a shopping modality is a whole different story, and obviously that works – ridiculously well.  Facebook applications, however, are performing when they give unique value to these consumers.  On that same Shop.org panel, the Victoria’s Secret PINK Facebook application was pointed as one good example. 

        What are the long-term implications of this connectedness?  I don’t know, but we’re determined to help figure this out by working with all of our clients.

Thank you again for an amazing three years in business.  It is a true honor to work with such smart clients, and I look forward to seeing you soon at our Social Commerce Summit

Brett Hurt An Incredibly Transformational Time in History (Part 1)

April 17th, 2008 by Brett Hurt Founder and CEO

I’ll warn you upfront that this is my most personal post on this blog and may not have much to do with the word-of-mouth industry.  I would argue, however, that it has a lot to do with the mindset of consumers.  And, of course, they carry word-of-mouth.  You decide, should you decide to read on.

We’re approaching our 3-year anniversary (May 2) at Bazaarvoice, and I’ve been restless thinking about this incredibly transformational time in history.  I’m on my way back from an exhilarating week in Philly and NYC, and I’ve literally had 12 hours of sleep over the past three days.  My journey has included a $320 taxi ride from NYC to Philly at 1:30am and many other moments of craziness that I may share with you one day over beers.  Here are some of the forces of transformation I have been churning on:

1.    Civic duty: Bill Gates leaving Microsoft to focus, with his wife, on spending his mindboggling billions on the most important causes in the world.  The places where their money can affect the most impact.  Like Andy Grove recommended in High-Output Management (one of my favorite beginning management books), you should spend your time on the highest leverage activities – those that impact and empower that greatest number of people in your organization.  With Warren Buffett being one of the smartest people in history and realizing his own strengths and weaknesses, knowing that Bill and Melinda Gates would do a better job than him on impacting change through charity, entrusting them with 85% of his equally mindboggling billions – this was the most incredible personal initiative that I can think of in my lifetime.

        Civic duty is very powerful, and I believe we are in a transformational period where more people are getting involved.  From the beginning of Bazaarvoice, we have focused on charity, and this has nourished the soul of our company.  I’m convinced that our usual involvement in this area has led to faster and more profitable growth than our peers (fellow rapid-growth companies our age).  In Judaism, we call this tzedakah.  Perhaps the Web connects us and creates more accountability in this area, where a virtuous cycle of giving kicks in.

2.    Free-market regulation: I have always been a Republican.  I am also Jewish and most of my fellow Jews are not Republicans.  I am also an Austin native, where most people are Democrats.  And I am a Wharton MBA alum, where I presented all day Tuesday, on my own dime, on the subject of leadership and teamwork (teaching is giving and learning).  If there was ever a free-market focused school, it's Wharton.  This whole mortgage mess has great people, such as the Board of Directors at Shop.org, talking about free-market regulation in a way that I never heard in my professional career.  The exotic instruments created, the ignorant (or knowingly false) assumption that housing prices would climb forever, the forced sale of Bear Stearns, the sleepless nights for Paulson and Bernarke, and the near collapse of our economy.  It’s hard to sleep when I feel an obligation to study and learn from this period in history.  I grok business.  And it really has me thinking about the wisdom of unregulated capitalism.  As a result, for the first time in my life I will be voting for a Democrat in this presidential election (not my only reason for the switch).  The dot-com bubble bursting, which was personally so painful for me as an early pioneer as the founder of Coremetrics with 100 of our dot-com clients going out of business, pales in comparison to the trillions that will be lost globally as a result of our mortgage bubble.  I know from my conversations in the industry that many of us are rethinking unregulated capitalism.  I think this will mess will lead to greater consumer involvement in government, and the Web will be an extremely powerful force in that.  Just wait until everyone can vote online.

3.    The health of our planet: To be transparent with you up-front, I drive a 2008 Audi S8, which has a 10-cylinder, 450-horsepower motor.  It is an incredible machine, a real dream car for me and a reward for my entrepreneurial success, but it’s also a gas-guzzling monster.  So you can either skip this paragraph, or read on. 

        An Inconvenient Truth was just that – too inconvenient.  Hybrids haven’t really made a dent (well less than 5% of all cars sold are hybrids), and the truth is they are mostly gas-powered anyways – more of a symbolic gesture really.  The Tesla (see my previous post on them) and the Chevrolet Volt – that’s real change (but generating electricity also consumes resources).  I keep reading about the two-stroke cheap motors in China spewing massive emissions.  These small motors are even worse than huge ones. 

        Companies are moving toward green, both for attracting a new age of green-aware consumers as well as to ensure their longevity.  I have blogged about this many times over the past three years (see Aug-06, Dec-06, Jan-07 for three insightful examples).  It is a huge trend.  But I’m restless because we’re not making progress as fast as I thought we would.  I sometimes feel like we have a freight train speeding towards us, with rapid worldwide population growth not helping.  As I’ve blogged about previously, I’m ultimately hopeful that entrepreneurs will successfully affect real change by capitalizing on the multi-trillion dollar opportunities.  The venture capitalists are all over it, and that's because the entrepreneurs are all over it.  One only needs to look at the rapidly rising price of oil and commodities to realize that there are ridiculous amounts of money to be made if you can find real alternative sources of energy.  But I’m pretty sure it is going to take government regulation to get there, as my faith in unregulated capitalism has been somewhat shattered (see #2 above).        

        The implications for companies is obvious – attract green-aware consumers through their actions and affect real change to ensure their longevity (e.g., are they dependent on gasoline or other diminishing resources to survive?).

4.    The war on terrorism: This is too thorny to really dig into publicly, and I’m not educated enough about all of the issues to feel confident in my proposed solutions.  I pray that our government is.  In any case, this is a huge problem for the human race, not just the U.S., and I have no idea what happens if we stop being vigilant.  It is pretty obvious that the actions of our current President are easy to criticize in hindsight, and there has never been a costlier war.  As I travel throughout Europe, it is clear to me we need a President that will be able to repair our relationships with other countries.  I look forward to seeing solutions vigorously debated in the upcoming Presidential campaign (and I’m sure it will continue for long afterwards) and being open-minded to solutions proposed then.  I’m hopeful that the Web will bring us together, as the human race, to debate these issues and find reconciliation through understanding each other.  Given the increasingly global nature of business, this is incredibly important to businesses as well as the disruption could be exponential.

I would love to hear your perspectives on my rants above.  After almost three years in business, having much pride for what we have accomplished as a business and team, I can tell you that the best part of my job is working with our incredibly smart clients.  Thank you!

I'll post Part 2 (update: Part 2 is live now) of this trend piece soon, and I promise to make it more focused on word-of-mouth and our business.  And I'll end on a better note, too.

And now I’m going to catch up on some sleep! 

Sam Decker Mitch Joel Podcast Reveals Key Stats on User Generated Content

April 17th, 2008 by Sam Decker Chief Marketing Officer

Mitch Joel, President of Twist Image, saw Brett (CEO of Bazaarvoice) at Shop.org and did his 99th "Six Pixels of Separation Podcast". In this podcast, Brett reveals many of the key statistics and findings we've had over the years, both from research and analyzing the data from user generated content from our client base (190+). This was really well done and wanted to share it with you. Click to hear the interview…the interview starts just about half way into this podcast.. 

Wayne Stribling Mighty Leaf Tea Means Business

April 11th, 2008 by Wayne Stribling Former VP of Client Services
Mighty Leaf Tea Logo

We recently launched a new client, Mighty Leaf Tea, a specialty tea company “born for the sole purpose of infusing life into an ancient indulgence by creating tea products that reach new heights of quality and innovation.” They are truly passionate about finding the best handcrafted teas in the world – just try some and you’ll see.

While not a huge company, they are very hands-on when it comes to maximizing their Ratings & Reviews solution. They’re already very engaged with their Community Manager, who is helping them create campaigns to build review volume, setting up analytical reporting to track ROI, and talking about using customer feedback in their marketing campaigns.

This innovative company is also adopting several  Ratings & Reviews features, including…

TagShare, where their customers can summarize their opinions with searchable  tags
QuickTake, so their customers can quickly scan tags, pros and cons for a more cursory view of reviews
SearchVoice Reviews creates a single portal where all product  reviews can be found and maximizes SEO value. See theirs here.
ShoutIt! allows their customers to share their reviews, products and profiles on social networking sites like Facebook, Digg, and Del.icio.us
Ratings snapshot – allows customers to visualize the distribution of ratings across products

Brett, our CEO, has long been a big fan of Mighty Leaf Tea and we’re proud to welcome them into the Bazaarvoice family….and to serve their teas in our kitchen. They’ve been a big hit both in our Austin and London offices and their positive word of mouth is spreading fast. They even create fun green tea leaves to denote their ratings, instead of stars…

Overall Rating:Five Leaves

Sam Decker AdAge: Family, Friends Most Influential on Shoppers

April 10th, 2008 by Sam Decker Chief Marketing Officer

Ad Age reported resutls from a study by ZenithOptimedia

  • Recommendations from family and friends trump all other consumer touchpoints when it comes to influencing purchases, according to new data from Publicis media network ZenithOptimedia. The data comes from ZenithOptimedia's Touchpoints ROI Tracker, a comprehensive project comprising over 300,000 interviews across 34 countries and covering more than 4,000 brands in 126 product and service categories.
  • Consumer touchpoints were each given a "contact clout factor," a number on a scale of 1 to 100 that indicates the relative influence of the touchpoint on purchasing.
  • Recommendations from family and friends led the pack with an average score of 84. TV ads and Internet search were next, with an average score of 69 and 67, followed by magazine ads at 60, newspaper ads at 55, outdoor ads at 45, radio ads at 42, and Internet banner ads at 41.

Here's an interesting quote:

  • Though word-of-mouth may be one of the greatest influences on brand choice, marketers still face a great challenge is making it scalable, said Bruce Goerlich, ZenithOptimedia's president of strategic resources, North America. "Word of mouth is incredibly powerful, but we as an industry are not doing as good a job as we could do in generating it," he said.

Maybe he hasn't heard of Bazaarvoice :-)

Chad Bockius Manufacturers – are you helping your customers buy?

April 7th, 2008 by Chad Bockius Former Director of Product Marketing

Lately we’re talking a lot about how product questions create roadblocks to sales. A recent Vizu poll showed us that 61% of the people surveyed received answers from retailers less than half the time. What do they do when they can’t find their answers? They abandon their purchase or go elsewhere.

So where do consumers turn? Our Vizu poll results told us…

49% start with a search engine
So, if you don’t have search engine-friendly content, your customers won’t find you. User-generated content is quickly capturing top billing on search engines like Google. Nielsen BuzzMetrics found that 26% of search results link to user-generated content, and this number will continue to grow.

13% start with a friend or family member
Word of mouth is already filling this information gap offline. Manufacturers and retailers must bring this discussion to the point of purchase and preserve the conversation for future visitors

 13% start with a manufacturer site
To consumers, a manufacturer should have the answers. Unfortunately, most manufacturers don’t allow consumers to ask them questions directly, forcing them to work to find the data. This may lead to their abandoning the sale (or choosing a competitor who can answer the question).

Less than 11% turn to a retailer, either online or in-store
Consumers struggle to find answers at retail sites and don’t seem to have confidence that in-store associates have the answer. Retailers should heed this call to help facilitate Q&A online, allowing customers to help themselves. Manufacturers must take action as well. Facilitating this dialogue on their site creates an invaluable asset that can be syndicated to the retail channel.  

Facilitate active, user-generated Q&A online and make it easy for manufacturers and retailers to respond. Succeed here and, regardless of the point of purchase, consumers will have all the information they need to click the “buy” button.

-Chad