Posts Tagged ‘Coremetrics’

Brett Hurt The “hidden” impact of 100 billion: the new textbook

February 28th, 2010 by Brett Hurt Founder and CEO

100 billion impressions servedThis week, you will see a series of Bazaarblog posts by our executive team about the achievement of our biggest milestone to date. As of late last week (the week that CNN profiled us!), we passed 100 billion impressions of user-generated content, including customer Reviews, Answers, and Stories! As of this writing, the real-time counter on our homepage is over 100.3 billion and climbing rapidly. Why count impressions? Well, in a world where 80% of consumers seek user-generated content while shopping, impressions of user-generated content are “the new advertising.” Actually, what is “new” is old – “the voice of the marketplace” (read the story behind our name) has always been with us, but this is the first time in human history that word of mouth is digital, and that’s more transformational than all of us can imagine today.

As we celebrate this milestone, we are also close to celebrating our 5-year anniversary (Brant and I founded Bazaarvoice on May 2, 2005). With 80% of consumers now looking for customer reviews, it is hard to appreciate now just how few U.S. retailers offered customer reviews on their websites in May of 2005. Would you believe only four? Today we serve more than 50 of the top 100 U.S. retailers, more than 25 of the top 50 U.K. retailers, and similar numbers in Australia, France, and Germany. And we serve many clients outside of retail, from health care to manufacturing to financial services. We have rapidly grown into a company of 750 clients and 515 employees globally, operating across 25 international languages. I do not take our success for granted one bit and I’m very proud of and thankful for our partnerships with our clients. I’m also proud of the culture we have created here. We spend the majority of our waking time at work, and we strive to make that time as fun and meaningful as possible. Our passionate culture impacts the way we serve our clients and also give back to the community.

Bazaarvoice School of C2C MarketingAs I look back to my first Bazaarblog post, I think back to my analytical roots, spending seven years building Coremetrics, and reflect on how much we have achieved on the analytical front at Bazaarvoice. The “hidden” impact of 100 billion impressions is how we are writing the new marketing and merchandising textbook together with our clients. In a world of increasingly fragmented media, a dramatic shift to time spent in the online channel vs. other channels, and a rise in the prominence of the voice of the customer, the “hidden” impact is felt in how marketers and merchandisers adopt new practices based on user-generated content. And, to be totally frank, I underestimated the impact in how Bazaarvoice would change the world in this way. The Bazaarvoice School of C2C Marketing Seal to the left is from our first Social Commerce Summit in 2008, which quickly sold-out and was a magical event, full of clients speaking about writing the new textbook together (our fifth Summit is coming up in Austin April 19-21 and is almost sold-out already).

So this blog is dedicated to some of the most dramatic changes I have seen on the path to 100 billion. Here is a look back on just a few of them:

It has been an amazing 4 years, 10 months, and I want to take this opportunity to sincerely thank all of our clients, employees, partners, investors, and advisors. We promise not to take our success for granted, and we are ramping up R&D and Client Services like never before. This quarter alone, we are attempting to hire at least 80 people, but our very high bar makes this difficult indeed (we have 14 full-time recruiters working in our office at Bazaarvoice today and there is nothing more important for our culture than its foundation: our people). If you know of someone that may be interested in joining us, see the many jobs available here and note our referral incentives.

The next 100 billion impression milestone will no doubt be achieved much faster than the first, but I expect our impact to be no less profound than with the first (see our many case studies, webinars, or whitepapers for more). Thank you, thank you, and thank you again for your support. And stay tuned to this blog as we continue this exciting journey. As I said in my first-ever blog post on Feb. 3rd, 2006 (and remains just as true today):

Welcome to the age of customer empowerment in our hyper-connected global village! We look forward to being your tour guide in this wild, wild ride.

Brant Barton Brett Hurt, Our CEO, Founder & Friend, Named Austin’s Entrepreneur of the Year

May 31st, 2009 by Brant Barton Co-Founder and Chief Innovation Officer

It’s been an exciting couple of weeks at Bazaarvoice. First, on May 21st, Bazaarvoice was named the #1 Best Place to Work in Austin. We got a great photo of our entire team, including international team members who were in town for our quarterly company offsite at the Alamo Drafthouse, in front of our massive 52-inch Sabian Chinese gong in the Austin Business Journal.

Second, just one week later, our very own Brett Hurt was named Ernst & Young Entrepreneur of the Year in Austin – one of four regional winners. The E&Y Entrepreneur of the Year awards recognize entrepreneurs who demonstrate extraordinary success in the areas of innovation, financial performance, and personal commitment to their businesses and communities.

Bazaarvoice CEO Brett Hurt named Austin Entrepreneur of the Year

I can’t think of anyone who deserves this honor more than Brett. In the description above, the word that I would emphasize most in describing Brett’s motivation as an entrepreneur is community. An Austin native, Brett is very mindful of the positive, profound, and multi-generational impact that a single entrepreneur and business can have on the prosperity of a community. He sees Bazaarvoice’s success and his own as a win for all of Austin, and he sincerely hopes that Bazaarvoice’s success will bring prosperity to our community not just in terms of job and wealth creation but in the form of many future companies that our team members will one day start.

When I worked for Brett at Coremetrics, the company he founded prior to Bazaarvoice, he was expecting his first child and was in the process of shopping for a new stroller. Like many first-time parents (I recently went through this process myself), he did a ton of online research, finally landing at Amazon.com and finding an extremely long and detailed review contributed by an aerospace engineer who had methodically deconstructed and reconstructed the stroller in question, documenting the process and his observations on the stroller’s design, materials quality, and workmanship at every step. This experience had a profound effect on Brett, as he imagined the power of this content for every shopper and purchase decision if it were available for every product and website. The idea for Bazaarvoice was born a few months later. Fast forward four short years and here we are – we have served 50+ billion reviews for 525+ global brands in 36 countries and we continue to grow (and hire!) like wildfire.

Please join me in congratulating Brett for his many accomplishments as an entrepreneur (Bazaarvoice is his fifth start-up company!), for the positive impact he has had within the Austin business community, and for being a genuinely sincere and humble person. He never fails to show his appreciation for the team at Bazaarvoice, our customers and partners, and the many supporters that have helped the company and Brett personally along the way.

So far, 2009 has been a big year for us – and there’s still six months left to go!

Brett Hurt Another Major Win in Client Services: Heather Brunner

August 30th, 2008 by Brett Hurt Founder and CEO

In our Software as a Service (SaaS), or Application Service Provider (ASP), business model, nothing is more important to me than stressing the “S” (for “Service”).  And our services are quite complex.  While our entire company is very focused on client services, the front-line is covered by a wide range of teams on a global basis.  These teams are: Engineering Operations, Content Operations, Implementation, Support, Community Management, Analytics, and Consulting.  Engineering Operations rolls up under Engineering, obviously.  And that team has done an incredible job of having virtually impeccable up-time since we launched our initial solution, Ratings & Reviews, in beta three years ago.  Today, this isn’t easy with six (soon to be seven) solutions (three core solutions coupled with three amplifiers) live in twenty international languages.  Our clients often tell us that we are the best vendor they work with in this area, and we are very proud of that.  The other six teams roll up under Client Services.

Heather Brunner headshotIt takes a very talented and experienced person to manage a global team of such complexity to the level that our clients, our executive team, and I expect.  But we found her.  I am incredibly proud to announce that Heather Brunner has joined us as our Senior Vice President of Worldwide Client Services.  Her first day was Monday, and we put out the press release on Wednesday.  Her ability to rapidly ramp has impressed our entire team, and I have already had several important client-facing meetings with her during week one.

I have known Heather for many years, first working with her when she was a Regional Vice President for Concero while I was the CEO of Coremetrics.  I was impressed with her back then, and Concero did a great job for Coremetrics during a very important, foundational period.  But Heather has grown her career so much since then.  Most recently, she served as the CEO of Nuvo, a wholly owned subsidary of Trilogy.  Prior to Nuvo, Heather was the COO of B-Side.  In past jobs, she has served as a the VP of Client Services at Coremetrics, the VP of Client Delivery and Operations at Trilogy, a Practice Director at Oracle, and a Senior Manager at Accenture (where I also began my career).

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Brett Hurt The Loss of a Great Friend, Mentor, and Total Leader

July 30th, 2008 by Brett Hurt Founder and CEO

Keith BenjaminWith the sudden passing of my father a month ago, this has been a tough Summer on the personal front.  And since Friday, I have been grieving for a great friend and mentor that has been in a deep coma.  Tragically, last night Keith Benjamin passed away.  Debra, Rachel, and I knew Keith and his wife and children.  We recently had dinner with them at their new San Francisco home in June on our way to Hawaii to celebrate our 12-year anniversary.  I made a point to call Keith to catch up over lunch on almost every visit to the Bay Area.  He was even kind enough to invite me and my co-founder, Brant, to stay at their home on our fundraising trips to the Bay Area when starting Bazaarvoice.

Keith’s partnership posted information on his passing on their home page today.

As a friend and mentor, Keith was a truly amazing person.

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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 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! 

Brett Hurt ClickZ Interview of Sam Decker on Our Strategy

March 6th, 2008 by Brett Hurt Founder and CEO

ClickZ logoYesterday, our CMO, Sam Decker, was interviewed on ClickZ by someone I greatly respect, Shane Atchison, co-founder of ZAAZ.  The interview is worth reading if you would like to learn more about our expansion and strategy.  We now have 6 solutions in 20 international languages across 12 industry verticals with over 200 employees working in four countries (soon to be five).

We are exhibiting at the Omniture Summit in Utah this week, and I'm amazed at how significant this event has become for the online industry.  There are over 2,000 people here making this event almost as large as Shop.org's Annual Summit in Las Vegas (disclosure: I serve on the Board of Directors at Shop.org), and Seth Godin just spoke.  Lance Armstrong spoke last night, and I had tears in my eyes after hearing his story (and not just because I am an Austinite).  I also heard that the Coremetrics Summit last week was strong (we were an exhibitor) but, unfortunately, could not attend.  Being a founder of the Web analytics space (as the founder of Coremetrics), I'm really impressed to see how much that industry has grown.  I hope to grow Bazaarvoice into just as large of a company, and we are well on our way to meeting that (current) goal.

Brant Barton Partner Interview: Matthew Seeley, President, Experian CheetahMail

January 14th, 2008 by Brant Barton Co-Founder and Chief Innovation Officer

Many thanks to Matthew Seeley and the Experian CheetahMail team for participating in this installment of the Bazaarvoice Partner Interview blog series.  As Matthew details below, Bazaarvoice and CheetahMail have collaborated with a number of shared clients, like Bath & Body Works, to leverage customer word of mouth in email marketing programs.  Matthew's perspective on our industry is especially insightful given the unique assets CheetahMail can bring to bear for their clients via their relationship with marketing innovator, Experian.  Enjoy this partner interview and don't hesitate to comment or contact me at brant@bazaarvoice.com with your suggestions for partner interview subjects and questions.

1. Email remains one of the highest ROI online marketing activities – it generates almost $60 of revenue per $1 spent (Direct Marketing Association).  With better analytics, content, and targeting, can email marketers expect even higher rates of return?  

Absolutely. The more that marketers use this channel responsibly the more effective it will become. No other channel provides this type of quantitative and qualitative data — leading marketers understand the inherent value of email marketing and recognize that its metrics provide the keys to delivering relevant communications. In addition to being a great channel by itself, email marketing combined with web analytics and advanced tools like Bazaarvoice enables marketers to identify customer purchase triggers and channel preferences.  Specifically, we’ve seen many clients attribute in-store traffic and revenue to an email campaign.  The direct effect that email has on the other channels is far greater than anyone ever anticipated.

Another valid point here, aside from the relevance factor, is that because email is so cost efficient, marketers aren’t as motivated to invest the same amount of analytical strategy into it as they do with catalogs or direct mail as they tend to carry higher costs for the marketers.  However, I do see more and more leading marketers becoming increasingly responsible with email and utilizing the tools available to develop highly relevant and response-driven marketing programs. These are the marketers who ultimately deepen customer loyalty and build positive brand equity.

2. As a best practice, Bazaarvoice recommends that our clients use email to capture customer word-of-mouth, often in the form of post-purchase review solicitation emails.  This essentially kickstarts a two-way conversation between our clients and their customers.  How do you see the brand-customer dialogue evolving over email and other messaging systems (SMS, etc.)?

We see post purchase reviews as yet another great way to engage your customer.  This type of campaign strategy not only benefits the organization but allows the marketer to show they value them by providing  an opportunity to evaluate the product or service.

This type of dialogue is evolving quickly, and we’ve seen very positive results with many of our large retailers that send post-review confirmation emails to all customers who have submitted a review.  We also have a number of clients planning to deploy post-purchase emails to recent buyers to solicit a product review. We promote this concept to many of the mutual clients we share with Bazaarvoice because it seems clear that there is a much higher long-term value to customers who are very engaged with their brands.  This, in turn, should result in better response to future emails and marketing campaigns.

3. Relevance is a constant focus for advertisers trying to reach consumers in an ad-saturated environment.  As part of Experian and through investments in tools like SiteClarity, what unique advantages does CheetahMail offer to drive increased relevance for your customers?  

Relevance is definitely the key, and one of the many advantages of being a part of Experian is the availability of rich data mining tools like Mosaic and TrueTouch for advanced consumer segmentation. Having access to the world’s largest data center and highly innovative data management tools coupled with the deep reporting capabilities of CheetahMail, ensures that our clients have the opportunity to send emails as individualized as their customers.

Additionally, web tools like SiteClarity give CheetahMail clients an advantage by allowing them to deploy web-based triggers (such as shopping cart abandonment messages) regardless of whether or not they’ve undergone a complete integration with a 3rd party web analytics provider.  The tags are very small and easy to set up so clients can choose to use them alone or with their existing analytics provider like Coremetrics or Omniture.

4. Our clients have seen remarkably higher email clickthroughs and conversions by marketing top-rated products and including compelling customer reviews in their email programs.  Any personal theories on why this works?

This works for the same reasons that running such reviews on-site should increase responsiveness – the credibility of the offer is enhanced by seeing actual ratings by other users.  The authenticity of reviews by consumers vs. marketing spin is incredibly powerful because these reviews put the power directly into the consumers’ hands. User reviews are one aspect of the overall social networking phenomenon we see everywhere now, and its power and uses are still being discovered.

5. As trust continues to rise in “someone like me”, consumers expect even more personalized and authentic content and offers.  UGC may play a leading role in this next wave of personalization.  What is CheetahMail’s strategy to support this trend?  

Our creative services team is examining different ways to include user ratings and reviews in email creative to test response levels. Several of our clients have taken the lead on this initiative and have already begun incorporating this level of authentic content. We are reviewing these programs very closely to identify commonalities in what works (and what doesn’t) in an effort to create strategy guides for our clients in this area. For example, does simply putting the number of stars a product or service receives fare better than including actual snippets of customer quotes? Is there a point at which too many reviewed items in one email dilutes overall effectiveness? We are still framing these questions and need more response data before we can accurately provide answers. 2008 will be a big year for these types of programs — testing standard “Marketing-speak” against versions of the same offers featuring more customer voices.

6. Can you share an example or two of well executed email campaigns that feature customer word of mouth or other “viral” content or offers?

A great example of this would be our client Bath & Body Works. For example, in mid-November we deployed one of their emails that featured “the sweetest, softest nap blanket on earth” – an actual description pulled from a Bazaarvoice review (see the first review listed). The email included the handle of the customer (“GRITS”, from Charleston, SC!) and an additional quote that highlighted some very compelling features of the product, followed by 5 red stars. In an analysis of one Bath & Body Works email campaign featuring ratings and review content, average order value increased more than 10%, session length jumped by 13%, and sales per visitor also saw an 11% increase. Since then, Bath & Body Works has continued to innovate with a variety of approaches featuring user-generated content.  

Brett Hurt Bazaarvoice Research Discovers a New Holiday Tradition, and 71 Million Reviews Served on Cyber Monday

December 1st, 2007 by Brett Hurt Founder and CEO

NY Times photo of Black FridayThis has been a busy week for Bazaarvoice Research.  At 9:25pm EST on Thanksgiving Day, we witnessed a new traffic peak across our client base.  As consumers read retailer circulars to prep for a busy "Black Friday", they also read reviews online.  At that time (9:25pm EST), we peaked at 1,400 reviews read per second across our client base of over one hundred retailers.  On Cyber Monday (November 26), we served 71 million reviews to holiday shoppers, up over 370% over last year's Cyber Monday figure.  In the last 30 days, our systems have seen 7.4 billion hits and delivered 40 terabytes of traffic.

There have been many exciting research moments for our industry in the past two years:

And this new holiday tradition is another major finding.  It shows just how much influence reviews online are having on offline shopping behavior.  This especially hits home for me because when Brant and I started this company in May of 2005 only around 10 retailers in the U.S. (including online-only, like Amazon.com) had reviews.  Now MarketingSherpa reported that 43% of retailers do (as of Feb-07).  That is having a broad impact on consumer expectations – reviews are quickly become a must-have for retailers and a norm for online shopping.

Most of these are intuitive findings and could be easily dismissed as "obvious".  But data informs strategy, as I learned so many times while working with clients as the founder of Coremetrics.

So, what do you do with this new data?  Here are a few ideas:

  • Promote reviews for the same products featured in your Thanksgiving circular on your home page the week of Thanksgiving – this will make it easy for the 70 to 77% that are seeking reviews (and the 82% that are influenced when they read them) to realize that you have them

  • Send an email about reviews on Thanksgiving morning with a subject line like, "Read Thousands of Customers' Reviews Before You Go Shopping on Friday".  In that email, feature the same products or categories of products that you have in your Thanksgiving circular
  • Create distinct shopping paths linked for your home page such as "Our Best Friday Deals on Customer Top-Rated Holiday Gifts" and so on for all of your major categories featured in your in-store (and online) sale
  • Push reviews again on Cyber Monday – both in email and on your home page – but with a distinct focus on online shopping
  • Put top-rated circulars in your stores for greeters and category managers (like HD TV) to hand out to help in-store shoppers
  • Feature reviews in your print circulars so that readers know that your site has reviews before they go online to research them

Want more?  Watch the holiday webinar that our Community Management team recorded.  And please don't forget to tell us your ideas as well!

Ray M. GreenlyAnd, finally, please support the Ray M. Greenly Scholarship Fund this holiday season by shopping at Shop.org's Cyber Monday portal.  All proceeds go to honor a great man that I had the pleasure of working with.  He helped grow Shop.org into the great organization that it is today.  And you will be helping to fund the future visionaries of the eCommerce industry.

Brett Hurt The Emotional Difference in Reviewing People vs. Products

June 15th, 2007 by Brett Hurt Founder and CEO

Avvo logoRecently, one of our clients, Avvo, launched ratings and reviews.  You can now rate and review lawyers online.  I know because I was emailed by one of ours, Clay Arendes, as soon as Avvo went live.  I gladly wrote a review on the wonderful service we have received from him for almost two years now.  Although I marinate in Web 2.0 daily, the act of writing a review on Clay made me realize something: I write more reviews on people than I do on products.

It is always dangerous to make any conclusions based on only your own behavior.  You need to look no further than the failure of Webvan, which raised $1 billion based on the premise that everyone in the U.S. was like San Franciscans.  But I still find it fascinating that I am more compelled to write about people than products.  Perhaps it is the nature of my job or personality type.  Or perhaps most of us talk more about people (i.e., generating more word of mouth) than products in everyday life.  Let’s not forget how many Americans voted on the last American Idol (74 million in the last round).

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