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Mobile Live Chat: Powering Sales & Service For Today's Consumer Sponsored by DON DAVIS (MODERATOR) Editor-in-Chief LAUREN FREEDMAN President ROSS HASKELL Director of Products BoldChat by LogMeIn

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Page 1: Mobile Live Chat: Powering Sales & Service Forimages.internetretailer.com/IR/2015/050615_BoldChat... ·  · 2017-02-08Mobile Live Chat: Powering Sales & Service For Today's Consumer

Mobile Live Chat: Powering Sales & Service For Today's Consumer

Sponsored by

DON DAVIS(MODERATOR)Editor-in-Chief

LAUREN FREEDMANPresident

ROSS HASKELLDirector of ProductsBoldChat by LogMeIn

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More U.S. consumers are using smartphones

U.S. smartphone users and % of mobile phone users

Source: eMarketer Inc. (April 2014)

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And more are using tabletsNumber of tablet users in the U.S. , in millions

156

162.7

167.8

172.6

2015 2016 2017 2018

Source: eMarketer

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More consumers visit retail sites only via mobile devices

How shoppers visit 10 leading retail web sites

Source: comScore

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And open email on mobile

40%

45%

15%

Percentage of email opens by device

Desktop Mobile phone Tablet

50%37%

12%

Percentage of clicks from email by device

Desktop Mobile phone Tablets

Source: Experian, Quarterly benchmark report Q3 2014 ; data for multichannel retailers

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Mobile accounts for most of the time consumers spend on retail sites

Time spent by device

40%

60%

Desktop Mobile

Dollars spent by device

87%

13%

Sales

Desktop Mobile

Source: comScore, 2015 US Digital Future in Focus

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More mobile holiday shopping

$7.2 $8.3 $10.7

$56.8$63.1

$72.1

Q4 2012 Q4 2013 Q4 2014

Desktop vs. mobile purchasing, Q4

Mobile Desktop

+29.0%

+14.3%

Source: comScore

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Top barriers to mobile purchasing• Don’t feel secure entering payment information on a mobile device

• Cannot see product detail

• Navigating between screens is difficult or slow

• Can’t easily comparison shop

• To difficult to enter name, address, payment data

• Connection speeds too slow to shop easily

• Cannot easily access coupons or discounts

Source: comScore, 2015 US Digital Future in Focus

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Mobile Live Chat: Powering Sales & Service For Today's Consumer

Sponsored by

DON DAVIS(MODERATOR)

Editor-in-Chief

LAUREN FREEDMANPresident

ROSS HASKELLDirector of Products

BoldChat by LogMeIn

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9© 2015, LogMeIn, Inc. | CONFIDENTIAL – FOR INTERNAL USE ONLY

Agenda

What is Mobile Engagement?

The Mobile Consumer

About the Research

Findings (growth, $$, IoT, device type, satisfaction)

A Guide To Respectful Mobile Engagement

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10© 2015, LogMeIn, Inc. | CONFIDENTIAL – FOR INTERNAL USE ONLY

What is Mobile Engagement?

Today’s definition of mobile engagement: • Reactive• “Customers contact us and we do our

best.”

Ideal definition:• Proactive• Mobile engagement is an operational

practice • Includes an intentioned set of actions,

processes, people, and technology

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The Mobile Consumer

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12© 2015, LogMeIn, Inc. | CONFIDENTIAL – FOR INTERNAL USE ONLY

The Phone is Indispensable

12

US adults spent an average of 43 hours and 31 minutes per month connecting with mobile content 1

91% say their mobile phone is just as important as their car (91%) and deodorant (91%), and significantly more important than television (76%) and coffee (60%) 2

With two thirds of U.S. smartphone users checking their phones within 15 minutes of rising and going to bed, the shopper’s attachment to their devices can’t be overstated 3

1. Nielsen; 2014 2. Bank of American Trends in Consumer Mobility Report; 2014 3. Toluna; 2014

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13© 2015, LogMeIn, Inc. | CONFIDENTIAL – FOR INTERNAL USE ONLY

Mobile Devices are Multi-Purpose Tools

Source: UPS Pulse of the Online Shopper; 2015

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14© 2015, LogMeIn, Inc. | CONFIDENTIAL – FOR INTERNAL USE ONLY

Effective Mobile Engagement Research

Details• 2nd year we’ve conducted it• Over 5,000 consumers surveyed• Third-party panel

About the Sample• Global: US, Canada, UK, France, Italy, Spain, Germany, Chile, Columbia,

Mexico, Australia/New Zealand• All over 21• Had to own a mobile device (>80% incidence)

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15© 2015, LogMeIn, Inc. | CONFIDENTIAL – FOR INTERNAL USE ONLY

Why do Shoppers Engage Via Mobile?• It’s faster

• They can multi-task

• They can quickly get an answer to a question

• They can get educated about products

• They can gain the necessary confidence to make a purchase NOW

• There is a human element that is appealing to shoppers

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16© 2015, LogMeIn, Inc. | CONFIDENTIAL – FOR INTERNAL USE ONLY

Customers Seek Service All the Time

29% of shoppers are more likely to shop with a retailer that offers live chat on weekend

40% of shoppers are more likely to shop with a retailer who offers weekend customer service by phone

44% of shoppers are satisfied with the ability to find a retailer’s live chat to ask a question

UPS Pulse of the Online Shopper Survey; 2015

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Effective Mobile EngagementFinding #1

Mobile Engagement

Grew by up to 47%

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18© 2015, LogMeIn, Inc. | CONFIDENTIAL – FOR INTERNAL USE ONLY

Finding #1: Growth

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19© 2015, LogMeIn, Inc. | CONFIDENTIAL – FOR INTERNAL USE ONLY

Finding #1: Growth (cont…)

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20© 2015, LogMeIn, Inc. | CONFIDENTIAL – FOR INTERNAL USE ONLY

Finding #1: Growth (cont…)

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21© 2015, LogMeIn, Inc. | CONFIDENTIAL – FOR INTERNAL USE ONLY

Social Changes up the Dynamics

15% of shoppers have purchased products from a social media site

At least 30% will unlike/unfollow a retailer on social media when dissatisfied with the purchase

38% will do nothing but won’t purchase again when dissatisfied with purchase

UPS Pulse of the Online Shopper Survey; 2015

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Finding #2

Mobile Engagement is Worth Billions

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23© 2015, LogMeIn, Inc. | CONFIDENTIAL – FOR INTERNAL USE ONLY

Retailers Reap Benefits of Mobile

M-commerce already makes up 13% of total digital commerce dollars 1

Mobile search ads will be $12.85 billion in 2015, representing over 50% of the search market 2

In-store mobile payments in the U.S. are expected to grow from $3.7B in 2014 to $10B in 2014 3

1. ComScore; 2014; 2. eMarketer; 2014 ; 3. Nielsen; 2014

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24© 2015, LogMeIn, Inc. | CONFIDENTIAL – FOR INTERNAL USE ONLY

New technology adoption alters mobile’s role By 2017, two-thirds of all customer

service interactions will no longer require the support of a human intermediary (in 2014, comparatively, this was 55%) 1

By 2018, 5% of customer service cases will be initiated by Internet-connected devices 2

78% of organizations say mobile customer service is valuable to them (up significantly from 31% in 2013), and 67% are now doing something about it (compared to 59% in 2013) 3

1. Gartner Research, Why You Need to Rethink Your Customer Self-Service Strategy

2. Gartner Predicts 2015: Weak Mobile Customer Service Is Harming Customer Engagement

3. Thinkjar; 2014

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25© 2015, LogMeIn, Inc. | CONFIDENTIAL – FOR INTERNAL USE ONLY

Mobile Engagement = $Billions$

We asked respondents in Effective Mobile Engagement to tell us how much they spend annually on their mobile devices.• $0 | $1 – $500 | $500- $1,000 | $1,000-$1,500 | $1,500 + • 84% spend something

Mobile Math:• If you take the entire sample’s responses at both ends of the ranges above

(for those not saying “$0”), the total dollars transacted per year is between• $1,425,200 and $3,357,827• Just for this universe of 5,000 consumers

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26© 2015, LogMeIn, Inc. | CONFIDENTIAL – FOR INTERNAL USE ONLY

Finding #2: Mobile Engagement = $Billions$ (cont…)

We also asked respondents to think about their last mobile purchase.

We inquired if they contacted the retailer, with their device, before making the purchase.

24% said that they did.

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Apply the same 24% “Mobile Engagement

Factor” to the entirety of mCommerce and it very

easily reaches the billions of dollars in

potential.

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28© 2015, LogMeIn, Inc. | CONFIDENTIAL – FOR INTERNAL USE ONLY

Mobile Engagement = $Billions$ (cont…)

For those who said they had a preceding mobile engagement before buying, we asked what channel they used.

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Finding #3:

The Internet of Things is

Driving Mobile Engagement

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30© 2015, LogMeIn, Inc. | CONFIDENTIAL – FOR INTERNAL USE ONLY

Finding #3: IoT and Mobile Engagement

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31© 2015, LogMeIn, Inc. | CONFIDENTIAL – FOR INTERNAL USE ONLY

Finding #3: IoT and Mobile Engagement (cont…)

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32© 2015, LogMeIn, Inc. | CONFIDENTIAL – FOR INTERNAL USE ONLY

Finding #3: IoT and Mobile Engagement (cont…)

We looked at everything:

Gender, age, income, education, preferred device type, shopping frequency…

But nothing was a better predictor than owning an IoT device.

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33© 2015, LogMeIn, Inc. | CONFIDENTIAL – FOR INTERNAL USE ONLY

Nothing – nothing – is a better predictor for being a frequent mobile engager than

participation in the Internet of Things.

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34© 2015, LogMeIn, Inc. | CONFIDENTIAL – FOR INTERNAL USE ONLY

Finding #3: IoT and Mobile Engagement (cont…)

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35© 2015, LogMeIn, Inc. | CONFIDENTIAL – FOR INTERNAL USE ONLY

Finding #3: IoT and Mobile Engagement (cont…)

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Device Type Matters

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37© 2015, LogMeIn, Inc. | CONFIDENTIAL – FOR INTERNAL USE ONLY

Mobile Research and Buying=Satisfaction 41% of shoppers used smartphone to research an

online purchase and 30% made a purchase

1 in 3 purchases are made on smartphones among those who own both devices

22% expect to do more shopping on smartphone vs. 14% last year/24% expect to do more shopping via tablet vs. 20% last year

24% used a retailer’s mobile app on their smartphone or tablet weekly

45% used a mobile app to check store inventory

Satisfaction for smartphone (65%) and tablet (74%) both exceed physical store satisfaction (62%)

37

Source: UPS Pulse of the Online Shopper; 2015

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38© 2015, LogMeIn, Inc. | CONFIDENTIAL – FOR INTERNAL USE ONLY

Finding #4: Device Type Matters

We asked respondents to tell us if they:

• “primarily use their tablet”

• “primarily use their phone”

• “use both equally”

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39© 2015, LogMeIn, Inc. | CONFIDENTIAL – FOR INTERNAL USE ONLY

Finding #4: Device Type Matters (cont…)

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Finding #5:

Mobile Engagement Satisfaction

Levels Remain Low

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41© 2015, LogMeIn, Inc. | CONFIDENTIAL – FOR INTERNAL USE ONLY

Finding #5: Mobile Engagement Satisfaction

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42© 2015, LogMeIn, Inc. | CONFIDENTIAL – FOR INTERNAL USE ONLY

A Guide To Respectful Mobile Engagement

Be available as customers prefer to depend on reliable companies (ideally 24x7). If not, then publish hours. You must have weekend hours.

Empower your associates providing them with the right tools to best service the customer.

Listen well and be responsive to the needs of every customer.

Use the customer’s native language wherever possible.

Be quick to answer and even quicker to solve the issue at hand.

Be concise in your answers as speed is of the essence in mobile engagement.

Think “agile” and make adjustments and accommodations throughout the course of the conversation.

Lend an empathetic ear where a pleasant, friendly demeanor goes a long way.

Attempt to resolve every communication on the initial encounter only escalating concerns when absolutely necessary.

Personalize the experience tailoring the communication accordingly.

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43© 2015, LogMeIn, Inc. | CONFIDENTIAL – FOR INTERNAL USE ONLY

Is Your Brand Mobile Ready?

Benchmark Your Mobile Engagement

e-tailing group/Bold Chat Mobile Minded Index

CONTACT

Lauren [email protected]

Ross [email protected]

Q & A