Today, consumers extensively research and evaluate products via websites, comparison and review portals, social media, and other digital customer touchpoints. Detailed product information is available to all interested parties, making it possible to compare services more quickly without having to call a sales consultant. A trend toward complete market transparency is developing, resulting in a shift of power from the retailer to the prospective buyer. The information asymmetries between supplier and customers are becoming smaller and smaller, and prospects know better than ever what they want and where they can get it. As a result, it is becoming increasingly difficult for manufacturers and retailers to differentiate themselves solely on the basis of the product or the price. To stand out from the competition, customer experiences are needed that provide additional, valuable information in the purchase decision process.
"90% of companies see expanding their customer experience as their biggest competitive advantage."
Source: Gartner Inc., Customer Experience Management Survey 2019
Marketing and sales managers are faced with the challenge of always providing their customers and prospects with relevant and useful information in their customer journey - at any time, at any place. The increasing merging of different brand contact points (website, webshop, social media, search engines, comparison and rating portals, online marketplaces, etc.) does not simplify this task.
To ensure consistent communications across channels, innovative digital media management and distribution technologies are becoming increasingly important. Brand messages must be consistent and complete to provide customers and prospects with a superior buying experience. Furthermore, the way products are presented in different channels is important. To delight customers, their expectations must be exceeded.
E-commerce doesn't involve personal contact, so there is no classic sales conversation. The online customer experience therefore differs fundamentally from the shopping experience in bricks-and-mortar retail, where the premises, ambience, product presentation, and personal advice play a major role. In e-commerce, the main question is how appealing, how clearly laid out and how easy to use an online store is. How are products presented? Is all relevant information easy to find? How is the ordering process designed and what payment options are available? By improving the online customer experience, prospective customers can find the right products faster and convert to buyers more quickly.
The usere xperience for an online store can be improved by the factors of design and personalization. In order to achieve the highest possible conversion rate, design and interaction possibilities should be created in such a way that they are always appealing, clear and user-friendly. Specifically, this means an appropriate color scheme, readable text, meaningful product displays, eye-catching call-to-actions, an intuitive and mobile-optimized user interface, and fast page load times. These factors must be checked and continuously optimized depending on the industry and business model. The monitoring of user behavior and the analysis of customer inquiries and complaints represent important empirical values.
In online product communication, users today expect extensive and high-resolution product images with detailed product descriptions as standard elements. In order to exceed these expectations as a retailer and to offer additional added value,multimedia content is particularly useful. This can be, for example, 360° product presentations or even augmented reality technologies. But short product videos are also ideal for increasing sales in e-commerce. Videos not only help users to make decisions, they also boost search engine optimization and improve the ranking of websites through additional relevant content. They can convey information more easily and elegantly than static text. At the same time, intimes of information overload, the attention span of customers is decreasing. Product videos help to increase the time spent in the online store and to transfer the important information within the attention span.
"Product videos improve organic ranking in search results by up to 157%. Plus, 64% of users say product videos directly influence their purchase decisions."
Source: HubSpot's Annual State of Marketing Report, 2020
To ensure a superior customer experience, the following efforts should be considered in product communications:
To manage the administration, production and distribution of media content as efficiently as possible, Digital Asset Management Systems (DAM) designed to meet the requirements of e-commerce are the best solution.
Personalization through Big Data provides further clues for optimizing the customer experience in e-commerce. Data-driven solutions are used to observe, analyze, and influence the shopping behavior of customers in real time. In this context, individual content can be played out in the store depending on needs and interests. This can be pop-ups, product suggestions or discount offers, for example. To create this type of personalization, customer data is required. This is collected and analyzed via cookies, registration data, social media or web server log data. But DAM Systems also provide store operators with valuable insights into how users interact with their product content. KPIs (How long was a product video viewed? What interaction rates do 3D/AR models deliver? How has the add-to-cart conversion changed?) continuously optimize the content strategy.
"86% of customers are willing to pay more for a good customer experience."
Source: Oracle, Customer Experience Survey
If brands and retailers exceed customer expectations, this can contribute to greater business success in the medium to long term. Positive customer experiences promote customer satisfaction and increase customer loyalty. As a result, cross-selling and up-selling potentials can be better exploited. At the same time, positive customer experiences make customers more willing to pay more for a product and also to engage in referral marketing. Retailers and brands also become more difficult to substitute for customers, which also has a positive impact on company growth in the long term.
Experience live and without obligation how DemoUp Cliplister's Product Experience Platform (PXM) delivers your multimedia content quickly, flexibly and in line with your brand to a wide variety of online channels, while accelerating the content creation and enrichment process. The PXM platform is particularly suitable for brands and retailers with an extensive product and branding strategy and multiple target markets.