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humanising the online experience



                               Andy Farquharson
                       Vice President Asia Pacific
Vendors are not the enemy
1   © 2012, LogMeIn, Inc. | CONFIDENTIAL - FOR INTERNAL USE ONLY
2
Evolve with your customer

              Enhance the online CX
              Customers are impatient and connected
4   © 2012, LogMeIn, Inc. | CONFIDENTIAL - FOR INTERNAL USE ONLY
Australian Market is evolving



                                9% of all Australian
                                retail spend in 2015
                                   will be online
Australian Market is evolving




2010                            $16.9b




2015                                     $33.3b
Australian Market is evolving


online presence                 selling online



                                       43%
   75%
Australian’s are spending more


                                                                35%

         26%                         25%         26%

                      21%                               22%
 20%
               18%            19%




       $750-$999          $1000-$1499                  >$1500
                     US     Europe   Australia
Australian are spending more




                        54%
Australian are spending more




I’m 30 if you
round down.
Australian are spending more
Internet access is expanding
86%
     stop doing business
     with an organisation
        after one bad
         experience

13   © 2011, LogMeIn, Inc.
Changing consumer
Changing consumer




      Vendors are not the enemy
15   © 2012, LogMeIn, Inc. | CONFIDENTIAL - FOR INTERNAL USE ONLY
Changing consumer




      Vendors are not the enemy
16   © 2012, LogMeIn, Inc. | CONFIDENTIAL - FOR INTERNAL USE ONLY
Changing consumer



              12,000
       175,000,000
          #1
Changing consumer




                                                                    #QantasLuxury




                                                                    #McDstories


18   © 2012, LogMeIn, Inc. | CONFIDENTIAL - FOR INTERNAL USE ONLY
26%
      of customers posted a negative
     comment on a social networking
         site after a poor customer
                 experience



19
20
     79%
     © 2011, LogMeIn, Inc.
                             of complaints on social
                              channels are ignored
The value of finding a solution

       Better Customer Experience drives MILLIONS in revenue

                           $44
          Hotels                                                                                $825
                                                                  $495


Wireless Service                                                                           $788
                                                               $450
   provider                     $60

                             $65
         Airlines          $44
                                                                 $481
                                                                                Additional purchases
       Insurance          $24
                                               $203                             Churn reduction
       providers                                 $225                           Word of mouth
                         $12
          Banks                   $90
                                        $150

                    $-                   $200           $400             $600            $800
  21
humanising online engagement
    communication channels are evolving
customer engagement is evolving

     Phone is a dying engagement channel
     Today’s youth aren’t talking and we are still listening


                              Seniors                      75%                        3% 9%      6% 3%5%


                         Baby Boomers                56%                 9%      15%        4%   14%     3%

      Phone
      Email                    Gen-X           43%               13%            28%          3% 12% 2%
      Web self-service
      Web Chat                 Gen-Y           45%               12%      15%    4%          23%         3%
      Web search
      Peers
                     New Silent Gen     16%   8%       22%         26%                22%          16%



23
customer engagement is evolving

     Phone is a dying engagement channel
     Today’s youth aren’t talking and we are still listening


                              Seniors                      75%                        3% 9%      6% 3%5%


                         Baby Boomers                56%                 9%      15%        4%   14%     3%

      Phone
      Email                    Gen-X           43%               13%            28%          3% 12% 2%
      Web self-service
      Web Chat                 Gen-Y           45%               12%      15%    4%          23%         3%
      Web search
      Peers
                     New Silent Gen     16%   8%       22%         26%                22%          16%



24
customer engagement is evolving

     Phone is a dying engagement channel
     Today’s youth aren’t talking and we are still listening


                              Seniors                      75%                        3% 9%      6% 3%5%


                         Baby Boomers                56%                 9%      15%        4%   14%     3%

      Phone
      Email                    Gen-X           43%               13%            28%          3% 12% 2%
      Web self-service
      Web Chat                 Gen-Y           45%               12%      15%    4%          23%         3%
      Web search
      Peers
                     New Silent Gen     16%   8%       22%         26%                22%          16%



25
customer engagement is evolving

     Phone is a dying engagement channel
     Today’s youth aren’t talking and we are still listening


                              Seniors                      75%                        3% 9%      6% 3%5%


                         Baby Boomers                56%                 9%      15%        4%   14%     3%

      Phone
      Email                    Gen-X           43%               13%            28%          3% 12% 2%
      Web self-service
      Web Chat                 Gen-Y           45%               12%      15%    4%          23%         3%
      Web search
      Peers
                     New Silent Gen     16%   8%       22%         26%                22%          16%



26
Customers preferred engagement channel

70%         68%
60%
      54%
50%

40%

30%
                  23%
                                 21%
20%                     18%
                                         12%
10%                                                     3%
                                               2%
0%
        Email     Telephone        Live Chat   Social media
                   US   Europe   Australia
Customers preferred engagement channel

70%         68%
60%

50%

40%   35%
                  33%
30%                              27%

20%                     18%
                                         12%
10%
                                               5%       3%
0%
        Email     Telephone        Live Chat   Social media
                   US   Europe   Australia
Australian customers




 Have you ever engaged live chat?
Australian customers


                             YES

                       38%
              62%
  NO
Live chat has reached a tipping point


 70%

 60%

 50%

 40%

 30%

 20%
            2009          2010              2011   2012
                                 Yes   No

31
Chatters are good people to like

       1 in 5 online shoppers are demographically desirable
      INCOME



                                                                       74%
More than $50k
                                                             64%



                                     26%                     Prefer Chat
 Less than $50k
                                           33%               Survey Sample


                        0%    10%   20%    30%   40%   50%   60%      70%    80%



 32   © 2011, LogMeIn, Inc.
Chatters shop more frequently

                                      Shopping Frequency
                                     10%
Survey Sample
                                                                     32%
                                                                                   42%
                                                                                   v.
                                       12%
      Prefer Chat
                                                                           35%
                                                                                   47%
                        0%      5%     10%     15%       20%   25%   30%     35%   40%
                                      More than weekly     Monthly


 33     © 2011, LogMeIn, Inc.
The danger of chat




90% of successful
                     Decrease in   Produces MORE
   chats with
                      Efficiency    calls, not less
  Live Agents
Business value - Efficiency



         A phone operator can
          only handle one call



35
Business value - Efficiency


        Average chat rep can handle
           3 chats simultaneous




36
Business value - Efficiency


         Skilled chat rep can handle
          6-10 chats simultaneous




37
Case Study


               INDUSTRY: Gaming/Telecommunications

              Why Online Chat?

Reduced costs Service response time
                            24 hours
  25%                          to
                         12 minutes
Business value – Increased Revenue


                 believe chat is more
                 efficient than email   86%
74%        believe chat is more
           efficient than phone




39
     50%                    reduction in
                            abandonment rates
Case Study


                 INDUSTRY: Financial Services

                 Why Online Chat?

Leads generated               “credit specialists can
                              now work with several
56%                          clients at once, slashing
Sales increase                   response time to
                               seconds from hours.”
22%
replicate bricks & mortar online




More intelligent than Bricks & Mortar
Case Study – Dreams Retail


                                           INDUSTRY: Retail

                 Why Online Chat?

“we communicate with customers as they
shop, equivalent to being helped in person
       in a brick and mortar store.”
                                                   Kevin Bates
                         President, e-Commerce & Retail Divisions
Case Study


             INDUSTRY: Apparel/Online Retail

              Why Online Chat?


  “BoldChat is enabling us to provide more
  detailed information consumers need in a
    very concise and customised matter.”
Thank you!
Questions?
if conferences make you thirsty…….
Thank you!

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  • 1. humanising the online experience Andy Farquharson Vice President Asia Pacific
  • 2. Vendors are not the enemy 1 © 2012, LogMeIn, Inc. | CONFIDENTIAL - FOR INTERNAL USE ONLY
  • 3. 2
  • 4. Evolve with your customer Enhance the online CX Customers are impatient and connected
  • 5. 4 © 2012, LogMeIn, Inc. | CONFIDENTIAL - FOR INTERNAL USE ONLY
  • 6. Australian Market is evolving 9% of all Australian retail spend in 2015 will be online
  • 7. Australian Market is evolving 2010 $16.9b 2015 $33.3b
  • 8. Australian Market is evolving online presence selling online 43% 75%
  • 9. Australian’s are spending more 35% 26% 25% 26% 21% 22% 20% 18% 19% $750-$999 $1000-$1499 >$1500 US Europe Australia
  • 11. Australian are spending more I’m 30 if you round down.
  • 13. Internet access is expanding
  • 14. 86% stop doing business with an organisation after one bad experience 13 © 2011, LogMeIn, Inc.
  • 16. Changing consumer Vendors are not the enemy 15 © 2012, LogMeIn, Inc. | CONFIDENTIAL - FOR INTERNAL USE ONLY
  • 17. Changing consumer Vendors are not the enemy 16 © 2012, LogMeIn, Inc. | CONFIDENTIAL - FOR INTERNAL USE ONLY
  • 18. Changing consumer 12,000 175,000,000 #1
  • 19. Changing consumer #QantasLuxury #McDstories 18 © 2012, LogMeIn, Inc. | CONFIDENTIAL - FOR INTERNAL USE ONLY
  • 20. 26% of customers posted a negative comment on a social networking site after a poor customer experience 19
  • 21. 20 79% © 2011, LogMeIn, Inc. of complaints on social channels are ignored
  • 22. The value of finding a solution Better Customer Experience drives MILLIONS in revenue $44 Hotels $825 $495 Wireless Service $788 $450 provider $60 $65 Airlines $44 $481 Additional purchases Insurance $24 $203 Churn reduction providers $225 Word of mouth $12 Banks $90 $150 $- $200 $400 $600 $800 21
  • 23. humanising online engagement communication channels are evolving
  • 24. customer engagement is evolving Phone is a dying engagement channel Today’s youth aren’t talking and we are still listening Seniors 75% 3% 9% 6% 3%5% Baby Boomers 56% 9% 15% 4% 14% 3% Phone Email Gen-X 43% 13% 28% 3% 12% 2% Web self-service Web Chat Gen-Y 45% 12% 15% 4% 23% 3% Web search Peers New Silent Gen 16% 8% 22% 26% 22% 16% 23
  • 25. customer engagement is evolving Phone is a dying engagement channel Today’s youth aren’t talking and we are still listening Seniors 75% 3% 9% 6% 3%5% Baby Boomers 56% 9% 15% 4% 14% 3% Phone Email Gen-X 43% 13% 28% 3% 12% 2% Web self-service Web Chat Gen-Y 45% 12% 15% 4% 23% 3% Web search Peers New Silent Gen 16% 8% 22% 26% 22% 16% 24
  • 26. customer engagement is evolving Phone is a dying engagement channel Today’s youth aren’t talking and we are still listening Seniors 75% 3% 9% 6% 3%5% Baby Boomers 56% 9% 15% 4% 14% 3% Phone Email Gen-X 43% 13% 28% 3% 12% 2% Web self-service Web Chat Gen-Y 45% 12% 15% 4% 23% 3% Web search Peers New Silent Gen 16% 8% 22% 26% 22% 16% 25
  • 27. customer engagement is evolving Phone is a dying engagement channel Today’s youth aren’t talking and we are still listening Seniors 75% 3% 9% 6% 3%5% Baby Boomers 56% 9% 15% 4% 14% 3% Phone Email Gen-X 43% 13% 28% 3% 12% 2% Web self-service Web Chat Gen-Y 45% 12% 15% 4% 23% 3% Web search Peers New Silent Gen 16% 8% 22% 26% 22% 16% 26
  • 28. Customers preferred engagement channel 70% 68% 60% 54% 50% 40% 30% 23% 21% 20% 18% 12% 10% 3% 2% 0% Email Telephone Live Chat Social media US Europe Australia
  • 29. Customers preferred engagement channel 70% 68% 60% 50% 40% 35% 33% 30% 27% 20% 18% 12% 10% 5% 3% 0% Email Telephone Live Chat Social media US Europe Australia
  • 30. Australian customers Have you ever engaged live chat?
  • 31. Australian customers YES 38% 62% NO
  • 32. Live chat has reached a tipping point 70% 60% 50% 40% 30% 20% 2009 2010 2011 2012 Yes No 31
  • 33. Chatters are good people to like 1 in 5 online shoppers are demographically desirable INCOME 74% More than $50k 64% 26% Prefer Chat Less than $50k 33% Survey Sample 0% 10% 20% 30% 40% 50% 60% 70% 80% 32 © 2011, LogMeIn, Inc.
  • 34. Chatters shop more frequently Shopping Frequency 10% Survey Sample 32% 42% v. 12% Prefer Chat 35% 47% 0% 5% 10% 15% 20% 25% 30% 35% 40% More than weekly Monthly 33 © 2011, LogMeIn, Inc.
  • 35. The danger of chat 90% of successful Decrease in Produces MORE chats with Efficiency calls, not less Live Agents
  • 36. Business value - Efficiency A phone operator can only handle one call 35
  • 37. Business value - Efficiency Average chat rep can handle 3 chats simultaneous 36
  • 38. Business value - Efficiency Skilled chat rep can handle 6-10 chats simultaneous 37
  • 39. Case Study INDUSTRY: Gaming/Telecommunications Why Online Chat? Reduced costs Service response time 24 hours 25% to 12 minutes
  • 40. Business value – Increased Revenue believe chat is more efficient than email 86% 74% believe chat is more efficient than phone 39 50% reduction in abandonment rates
  • 41. Case Study INDUSTRY: Financial Services Why Online Chat? Leads generated “credit specialists can now work with several 56% clients at once, slashing Sales increase response time to seconds from hours.” 22%
  • 42. replicate bricks & mortar online More intelligent than Bricks & Mortar
  • 43. Case Study – Dreams Retail INDUSTRY: Retail Why Online Chat? “we communicate with customers as they shop, equivalent to being helped in person in a brick and mortar store.” Kevin Bates President, e-Commerce & Retail Divisions
  • 44. Case Study INDUSTRY: Apparel/Online Retail Why Online Chat? “BoldChat is enabling us to provide more detailed information consumers need in a very concise and customised matter.”
  • 47. if conferences make you thirsty…….