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PowerReviews, Inc.
Mobile,
Wearable
Tech and Hyper-
Relevance
Transforming
Consumer
Behavior
and Retailer
Opportunities
PowerReviews, Inc.
Ask Questions
• Post them in the questions panel on the right
of your screen. We will answer at the end.
• You will receive a link to the recorded
webinar.
2
PowerReviews, Inc. 3
Speaker
Theresa O’Neil, SVP of Marketing
Theresa is responsible for building and leading the
PowerReviews marketing team in the development and
execution of programs that increase awareness of the
PowerReviews brand and technology. Theresa brings more
than 20 years of experience developing marketing, sales
and business development strategy.
PowerReviews, Inc. 4
Agenda
● The survey
● How shopper expectations have changed
● Technology
● Content and context
● What you can do now
● Q&A
PowerReviews, Inc.
Mission:
Help every business listen
and every consumer learn
PowerReviews, Inc. 6
Recap of Key Findings from November 2014
● Reviews are ubiquitous
● 95% of consumers use reviews
● All age groups use reviews
● Reviews drive traffic and sales online and in store
● Retailers and brands should develop strategies for
○ Mobile reviews
○ Omni-channel reviews
○ Generating reviews through engagement-based loyalty programs
PowerReviews, Inc.
Help every business listen and every consumer learn
● Changing consumer expectations
○ Mobile-optimized, visual content
○ Seamless experience across channels
○ Unified Voice of the Customer
● Help retailers listen
○ Optimize consumer and brand relationships
7
PowerReviews, Inc. 8
The Survey
1,201 US and 1,071 UK Consumers
Goal:
Help brands and retailers better understand the
impact of technology on consumer behavior and
the path to purchase.
Timing:
March, 2015
PowerReviews, Inc. 9
But how are shopper
expectations changing?
91%
of shoppers are already using technology
to make purchase decisions
9
PowerReviews, Inc.
30%
of consumers
either already own
or plan to buy a
wearable devices
within the next 12
months
10
We are a Culture of Early Adopters
Before the Apple Watch was even available...
PowerReviews, Inc. 11
34% of consumers
want a wearable device to make life easier
PowerReviews, Inc. 12
82%
of consumers want
technology to
enhance their
shopping
experience
PowerReviews, Inc. 13
Consumers are looking for reviews for...How does technology enhance your shopping experience?
20% 21% 22% 23% 24% 25% 26% 27% 28%
28%
Special event (birthday, anniversary, holiday) reminders
25%
Alerts to long lines in stores
22%
Touchless/one-click payment
20%
1313
Interactive maps
US Consumers
PowerReviews, Inc.
Consumers are looking for reviews for...UK consumers are focused on saving time and money
10% 15% 20% 25% 30% 35% 40%
32%
Queue alerts
45% 50%
27%
One-click payments
25%
Birthday & special occasion reminders
25%
Mood dependent offers and treats
14%
Interactive store maps
14
Health monitoring
13%
PowerReviews, Inc. 15
The Mobile, Visual Consumer
Online and in-store
54% of people use their mobile device
to look for product reviews while shopping in-store
PowerReviews customers saw a
237% growth of Mobile reviews
Holiday 2014 over 2013
PowerReviews, Inc. 16
How shoppers are using mobile in-store
30% 35% 40% 45% 50% 55% 60% 65%
55%
54%
50%
Researching product pricing
Researching ratings and reviews
Calling/texting a friend
PowerReviews, Inc.
Only price impacts purchases more than reviews
17
November 2014 Survey of US Consumers
Price
Ratings & Reviews
Brand
Recommendations
from family/friends
Retailer/Brand
Free Shipping
6.97
5.42
5.32
5.22
4.17
4.09
PowerReviews, Inc. 18
How shoppers want to access reviews in-store
10% 20% 30% 40% 50% 60% 70%
54%
21%
17%
Retailer’s mobile site
Retailer’s mobile app
In-store digital displays
18
PowerReviews, Inc. 19
Apps need to deliver real value to consumers
Otherwise mobile-optimized is prefered
Save
Money
Create
Community
Make it fun
Save
Time
PowerReviews, Inc. 20
49%
want technology to
save them time
while shopping
20
PowerReviews, Inc. 21
Consumers are looking for reviews for...Consumers are looking for reviews for...
10% 20% 30% 40% 50% 60% 70%
84%
Electronics
80% 90%
68%
Appliances
60%
Computers
33%
Health & Beauty
25%
Home & Garden
21
PowerReviews, Inc. 22
What if consumers didn’t have to seek information?
PowerReviews, Inc. 23
Segmentation Personalization Hyper-
Personalization
PowerReviews, Inc.
Hyper-relevance: NFC, beacons and mobile phones
Location technology can boost in-store engagement
24
PowerReviews, Inc. 25
Are consumers ready for push notifications?
21% of US shoppers
are open to receiving push notifications
35% of UK shoppers
are open to receiving push notifications
PowerReviews, Inc. 26
Why consumers want push notifications
Save
Money
Enhance Shopping
Experience
Save
Time
PowerReviews, Inc. 27
Missed Opportunity (UK)
7%
say they’ve
received push
notifications about
products/services
when in-store or
near a store
4%
say they’ve been
‘push’ targeted
with reviews about
products they were
browsing in-store
PowerReviews, Inc.
50% of UK shoppers
will share data for treats
31% of US shoppers
will share data for treats
28
Will consumers share personal data for treats?
PowerReviews, Inc. 2929
Consumers are looking for reviews for...What data will UK shoppers share?
10% 15% 20% 25% 30% 35% 40%
38% Fitness/health info
45%
Location22%
Purchases17%
Photos/videos14%
Mood13%
Sleep info13%
Calendar
Task list9%
12%
Financial info5%
29
PowerReviews, Inc. 30
UK shoppers will share personal data for treats
25%
of women would
like retailers to
know when they
were having a
“down day” so they
could get a treat
14%
of women and
12% of men would
share Mood
data
PowerReviews, Inc. 31
95%
of shoppers
consult customer
reviews
42%
report (ever)
writing
reviews
The Content Gap
PowerReviews, Inc. 32
55% of consumers
not writing reviews cited needing
motivation to do so
32
PowerReviews, Inc. 33
What motivates consumers to share?
Save
Money
Create
Community
Save
Time
Better
Decisions
PowerReviews, Inc.
Push
notifications
What consumers are willing to share
Reviews
and
answers
34
for a better shopping experience
Personal
data
Photos
and
videos
Surveys
PowerReviews, Inc.
Mobile
online and in-
store
More
images,
more
videos
Helping the mobile, visual consumer learn
Changing Consumer Expectations
Loyalty
programs,
social,
advocacy
Technology to
make better
decisions,
save time,
save money
35
Personal
data shared
for rewards
PowerReviews, Inc. 36
Access
reviews via
mobile, smart
watchReviews on in-
store
display and
devices
Ask questions,
gets answer via
device as they
shop
Receives
product info via
hyperlocation,
hyper-
personalization
Help the in-store shopper learn
Consumers increasingly expect a consistent and
personalized experience across channels
36
PowerReviews, Inc.
What can you
do today?
37
PowerReviews, Inc.
● Reviews in-store
● Mobile friendly website
● App
● Digital display
● Display ads
Give shoppers relevant information
so they don’t leave your ecosystem
1
38
PowerReviews, Inc.
● Use online and in-store shopping data to market across channels
● Deliver context and content specific rewards-- promotions and coupons
● Send follow-up emails after in-store purchases to solicit reviews
● Implement engagement-based Social Loyalty programs
● Integrate transactional and engagement-based loyalty programs
Use data for a seamless experience
Online and in-store2
39
PowerReviews, Inc.
Innovate and personalize information delivery
Add key data to what you have:
● Personal data
● Mood data
● Social media engagement
● Reviews
● Location
To deliver personalized, location-specific offers and content
3
40
PowerReviews, Inc.
Don’t Wait.4
41
PowerReviews, Inc.
Evolve, grow, thrive.
42
PowerReviews, Inc. 43
For a full copy of the report
www.powerreviews.com/resources/
PowerReviews, Inc.
Ask Questions
• Post them in the questions panel on the right
of your screen. We will answer at the end.
• You will receive a link to the recorded
webinar.
44
PowerReviews, Inc.
Questions?
PowerReviews, Inc.
THANK YOU
www.powerreviews.com
www.powerreviews.com/blog

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Mobile, Wearable Tech and Hyper Relevance: Transforming Consumer Behavior and Retailer Opportunities

  • 1. PowerReviews, Inc. Mobile, Wearable Tech and Hyper- Relevance Transforming Consumer Behavior and Retailer Opportunities
  • 2. PowerReviews, Inc. Ask Questions • Post them in the questions panel on the right of your screen. We will answer at the end. • You will receive a link to the recorded webinar. 2
  • 3. PowerReviews, Inc. 3 Speaker Theresa O’Neil, SVP of Marketing Theresa is responsible for building and leading the PowerReviews marketing team in the development and execution of programs that increase awareness of the PowerReviews brand and technology. Theresa brings more than 20 years of experience developing marketing, sales and business development strategy.
  • 4. PowerReviews, Inc. 4 Agenda ● The survey ● How shopper expectations have changed ● Technology ● Content and context ● What you can do now ● Q&A
  • 5. PowerReviews, Inc. Mission: Help every business listen and every consumer learn
  • 6. PowerReviews, Inc. 6 Recap of Key Findings from November 2014 ● Reviews are ubiquitous ● 95% of consumers use reviews ● All age groups use reviews ● Reviews drive traffic and sales online and in store ● Retailers and brands should develop strategies for ○ Mobile reviews ○ Omni-channel reviews ○ Generating reviews through engagement-based loyalty programs
  • 7. PowerReviews, Inc. Help every business listen and every consumer learn ● Changing consumer expectations ○ Mobile-optimized, visual content ○ Seamless experience across channels ○ Unified Voice of the Customer ● Help retailers listen ○ Optimize consumer and brand relationships 7
  • 8. PowerReviews, Inc. 8 The Survey 1,201 US and 1,071 UK Consumers Goal: Help brands and retailers better understand the impact of technology on consumer behavior and the path to purchase. Timing: March, 2015
  • 9. PowerReviews, Inc. 9 But how are shopper expectations changing? 91% of shoppers are already using technology to make purchase decisions 9
  • 10. PowerReviews, Inc. 30% of consumers either already own or plan to buy a wearable devices within the next 12 months 10 We are a Culture of Early Adopters Before the Apple Watch was even available...
  • 11. PowerReviews, Inc. 11 34% of consumers want a wearable device to make life easier
  • 12. PowerReviews, Inc. 12 82% of consumers want technology to enhance their shopping experience
  • 13. PowerReviews, Inc. 13 Consumers are looking for reviews for...How does technology enhance your shopping experience? 20% 21% 22% 23% 24% 25% 26% 27% 28% 28% Special event (birthday, anniversary, holiday) reminders 25% Alerts to long lines in stores 22% Touchless/one-click payment 20% 1313 Interactive maps US Consumers
  • 14. PowerReviews, Inc. Consumers are looking for reviews for...UK consumers are focused on saving time and money 10% 15% 20% 25% 30% 35% 40% 32% Queue alerts 45% 50% 27% One-click payments 25% Birthday & special occasion reminders 25% Mood dependent offers and treats 14% Interactive store maps 14 Health monitoring 13%
  • 15. PowerReviews, Inc. 15 The Mobile, Visual Consumer Online and in-store 54% of people use their mobile device to look for product reviews while shopping in-store PowerReviews customers saw a 237% growth of Mobile reviews Holiday 2014 over 2013
  • 16. PowerReviews, Inc. 16 How shoppers are using mobile in-store 30% 35% 40% 45% 50% 55% 60% 65% 55% 54% 50% Researching product pricing Researching ratings and reviews Calling/texting a friend
  • 17. PowerReviews, Inc. Only price impacts purchases more than reviews 17 November 2014 Survey of US Consumers Price Ratings & Reviews Brand Recommendations from family/friends Retailer/Brand Free Shipping 6.97 5.42 5.32 5.22 4.17 4.09
  • 18. PowerReviews, Inc. 18 How shoppers want to access reviews in-store 10% 20% 30% 40% 50% 60% 70% 54% 21% 17% Retailer’s mobile site Retailer’s mobile app In-store digital displays 18
  • 19. PowerReviews, Inc. 19 Apps need to deliver real value to consumers Otherwise mobile-optimized is prefered Save Money Create Community Make it fun Save Time
  • 20. PowerReviews, Inc. 20 49% want technology to save them time while shopping 20
  • 21. PowerReviews, Inc. 21 Consumers are looking for reviews for...Consumers are looking for reviews for... 10% 20% 30% 40% 50% 60% 70% 84% Electronics 80% 90% 68% Appliances 60% Computers 33% Health & Beauty 25% Home & Garden 21
  • 22. PowerReviews, Inc. 22 What if consumers didn’t have to seek information?
  • 23. PowerReviews, Inc. 23 Segmentation Personalization Hyper- Personalization
  • 24. PowerReviews, Inc. Hyper-relevance: NFC, beacons and mobile phones Location technology can boost in-store engagement 24
  • 25. PowerReviews, Inc. 25 Are consumers ready for push notifications? 21% of US shoppers are open to receiving push notifications 35% of UK shoppers are open to receiving push notifications
  • 26. PowerReviews, Inc. 26 Why consumers want push notifications Save Money Enhance Shopping Experience Save Time
  • 27. PowerReviews, Inc. 27 Missed Opportunity (UK) 7% say they’ve received push notifications about products/services when in-store or near a store 4% say they’ve been ‘push’ targeted with reviews about products they were browsing in-store
  • 28. PowerReviews, Inc. 50% of UK shoppers will share data for treats 31% of US shoppers will share data for treats 28 Will consumers share personal data for treats?
  • 29. PowerReviews, Inc. 2929 Consumers are looking for reviews for...What data will UK shoppers share? 10% 15% 20% 25% 30% 35% 40% 38% Fitness/health info 45% Location22% Purchases17% Photos/videos14% Mood13% Sleep info13% Calendar Task list9% 12% Financial info5% 29
  • 30. PowerReviews, Inc. 30 UK shoppers will share personal data for treats 25% of women would like retailers to know when they were having a “down day” so they could get a treat 14% of women and 12% of men would share Mood data
  • 31. PowerReviews, Inc. 31 95% of shoppers consult customer reviews 42% report (ever) writing reviews The Content Gap
  • 32. PowerReviews, Inc. 32 55% of consumers not writing reviews cited needing motivation to do so 32
  • 33. PowerReviews, Inc. 33 What motivates consumers to share? Save Money Create Community Save Time Better Decisions
  • 34. PowerReviews, Inc. Push notifications What consumers are willing to share Reviews and answers 34 for a better shopping experience Personal data Photos and videos Surveys
  • 35. PowerReviews, Inc. Mobile online and in- store More images, more videos Helping the mobile, visual consumer learn Changing Consumer Expectations Loyalty programs, social, advocacy Technology to make better decisions, save time, save money 35 Personal data shared for rewards
  • 36. PowerReviews, Inc. 36 Access reviews via mobile, smart watchReviews on in- store display and devices Ask questions, gets answer via device as they shop Receives product info via hyperlocation, hyper- personalization Help the in-store shopper learn Consumers increasingly expect a consistent and personalized experience across channels 36
  • 37. PowerReviews, Inc. What can you do today? 37
  • 38. PowerReviews, Inc. ● Reviews in-store ● Mobile friendly website ● App ● Digital display ● Display ads Give shoppers relevant information so they don’t leave your ecosystem 1 38
  • 39. PowerReviews, Inc. ● Use online and in-store shopping data to market across channels ● Deliver context and content specific rewards-- promotions and coupons ● Send follow-up emails after in-store purchases to solicit reviews ● Implement engagement-based Social Loyalty programs ● Integrate transactional and engagement-based loyalty programs Use data for a seamless experience Online and in-store2 39
  • 40. PowerReviews, Inc. Innovate and personalize information delivery Add key data to what you have: ● Personal data ● Mood data ● Social media engagement ● Reviews ● Location To deliver personalized, location-specific offers and content 3 40
  • 43. PowerReviews, Inc. 43 For a full copy of the report www.powerreviews.com/resources/
  • 44. PowerReviews, Inc. Ask Questions • Post them in the questions panel on the right of your screen. We will answer at the end. • You will receive a link to the recorded webinar. 44