The advancing & stalling of banking mobile sites (& why Tesco Bank needs to change their site)

The advancing & stalling of banking mobile sites (& why Tesco Bank needs to change their site)

When rating the current accounts landing page on mobile banking sites, Tesco Bank is comprehensively outscored and their product pages are not performing much better. Navigation, appealing visual design and information are all considered by consumers to be lacking from the Tesco Bank site compared to what competitor sites are delivering. These key areas are all contributing to a low average score for Tesco Bank for landing page impressions.Tesco bank scores 7.14 in customer audit

 

A recent study with 170 consumers looking at user experience across UK current account mobile banking sites revealed that Tesco’s unchanging site is falling further and further behind competitors who are continually evolving their site in order to match consumer needs.

Our webinar looked at where Tesco has stalled and how competitors are advancing their sites. These insights will not only help you to avoid making these same mistakes, but also show you what the top performing brands from around the world are doing to ensure they aren’t also falling behind.

Presented by: Rebecca Jennings – Principal Client Advisor

If you enjoyed this webinar you might also be interested in our previous webinar: Why are Santander losing so many potential customers and how can you learn from their mistakes

Let is know what you thought about the webinar and have your say as to what we deliver next!

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Why UK mobile providers are losing 29% of consumers who initially preferred them

68% of consumers have a preferred brand in mind before they begin their research into mobile phone providers. However, top mobile providers, EE, O2, Tesco Mobile, Three and Vodafone are losing an average of 29% of those consumers who had initially preferred them.

Where did this 29% go and why were they unable to retain them?

Recent research from Global Reviews looks at just how much these initial preferences influence which brand consumers eventually go on to select as their preferred provider to purchase though.

Although Vodafone were only able to retain 63% of those who initially preferred them, they were able to convert an impressive 17% of consumers who had no initial brand in mind prior to research. To make up for the loss of those who had initially preferred them, they were also able to steal 11% of those who had initially preferred someone else prior to research.

Firstly, we will look at why Vodafone are losing 37% of consumers between initial and final preference.

When researching mobile phone providers, 41% of consumers are using aggregator sites. Whilst this works in the favour of smaller brands such as GiffGaff and iD Mobile in that more consumers shortlist them if they’ve visited an aggregator, it seems that aggregator sites are having a negative effect on Vodafone to the point where far fewer people are shortlisting Vodafone if they went to an aggregator than if they just used search and brand websites.

Shortlist preferences

So why are Vodafone losing consumers through aggregators and what is helping them convert the consumers they were able to get?

The #1 reason consumers finally preferred a brand was because they had the best deal/offer(s) to meet their needs. However, this was not the case for those who selected Vodafone. Vodafone may not be able to match the deals offered by other brands, but they still need to be able to clearly communicate what they have to offer and why they should be chosen over another brand. Instead, previous use was the top reason why consumers finally preferred Vodafone over another brand. So whilst they may not have the best deal/offer, they are strong in the area of brand loyalty.

Vodafone final preference

Meanwhile, Tesco retained 73% of those who initially preferred them, but was only able to pick up 7% from other initially preferred brands and 9% from those who had no initial preference.

As can be seen in the following chart, Tesco has a lot going for it. They’re chosen for their deals, easy to understand products/offers and boosted along with their loyalty programme. The question then is why are they unable to convert more customers?

Tesco final preference

The reason is site visits.

Compared to the other big brands, Tesco are getting very few customers visiting their site during the initial research phase. They’re managing just a 14% visit rate compared to the 30% of EE and O2. If Tesco are not able to drive people to their website, of course consumers won’t choose them unless they’re already aware of all that they have to offer. Therefore, getting people on site should be a key priority for Tesco.

These are just two examples highlighting the ways in which consumers research and select a brand to purchase a mobile phone plan through. Each brand has its own unique story and Global Reviews is the only place that can tell you how each of these stories go. If you would like to know your brand’s story and see how it compares to your competitors, contact us today.

Global Reviews specialises in helping top brands worldwide convert more of their ideal customers online, through the use of the most advanced research methodologies. To find out more about how we can help you and your digital teams, or if your brand would like to be included in our next round of FRUITION research, please contact: 

Hannah-Rose Farrington – Commercial Director
T:         +44 (0) 203725 8260
M:        +353 (87) 1263043
E:         hannah.farrington@globalreviews.com

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Telco Blog Series: UK mobile providers losing customers at a critical stage, ‘online purchase’

UK mobile phone providers

Global Reviews recent Telco Digital Effectiveness study revealed that the two critical stages which cause customer frustration and abandonment are navigation  and online purchase.

Telco brands in the UK are losing at the ‘online purchase’ stage, just as their ideal customers are about to buy from them.

Online Purchase

Once again the basic needs of the customer are not being met at the ‘Online Purchase’ stage.

  • Security
  • Help
  • Privacy

Best Practice: Carphone Warehouse and the need for a ‘consistent basket’ 

Carphone Warehouse was the top scorer for the ‘online purchase’ stage of the customer journey. Help is offered to the customer at every step of the online process. ‘What you will need’ at the checkout, encouragement to buy and also details about what you are buying are featured at every step of the process. The customer is reassured at every step of the process that they are buying the right thing.

Carphone Warehouse

A comprehensive FAQ section offers help and advice relating to the customers’ order, not just general help and FAQs.

What does Carphone Warehouse do to help their customers through the online process?

  • Help through the process
  • Reassurance
  • Encouragement to buy
  • What am I going to need? for the checkout

Global Reviews specialises in helping top brands worldwide convert more of their ideal customers online, through the use of the most advanced research methodologies. To find out more about how we can help you and your digital teams, or if your Telco brand would like to be included in our next round of research, please contact us: 

Hannah-Rose Farrington – Commercial Director

T:         +44 (0) 203725 8260

M:        +353 (87) 1263043

E:         hannah.farrington@globalreviews.com

 

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Telco Blog Series: Poor navigation frustrates UK mobile customers

UK mobile phone providers

Global Reviews recent study on the UK Telco market looked at how consumers research and buy a mobile phone, sim card or plan to suit their needs online. The Digital Effectiveness study found that UK mobile providers make the process difficult and confusing for consumers. Poor navigation is one area in which mobile providers are failing their customers.

How are UK Mobile Providers performing? 

Telco Industry Scores

The alarmingly low scores, the lowest being 48% shows us that there are key industry pains.

Where are the ‘Industry Pains’? 

Telco Industry Pains

‘Evaluating Options’ is a key pain for providers in the mobile industry. Essentially ‘Evaluating Options’ equates to “Have you got something to suit my specific needs”? for the mobile customer. In order for customers to be able to evaluate their options quickly and easily, and to find product and plan specifics, navigation needs to be addressed.

‘Online Purchase’ is also a key pain and is discussed further here. 

What do UK mobile customers want? 

  • A product to suit their specific needs at the end of the process
  • A phone on a contract that they can afford
  • An affordable PAYG contract
  • Simply want help to just understand their options

Poor navigation frustrates customers and hinders online purchases 

Task 1 – Consumers in our study were asked to find the cheapest 12 month SIM only contract with 2GB or more of data. This task can be replicated across all of the brands in the market.

Task One

  • Tesco Mobile had a 90% success rate, an 84% satisfaction rate and a 90% evaluation rate
  • In general, UK mobile providers perform poorly on this task.
  • The lowest performing brand had a 32% success rate, a 57% satisfaction rate and a 27% evaluation rate
  • 73% of customers for the lowest performing brand had an issue in finding what was asked in the task
  • Less than one third of customers managed to find the SIM only contract for one particular brand

Task 2 – Customers were asked to find the iPhone with the cheapest Pay Monthly price while having 16GB of storage and a front-facing camera

Task Two

With this task there was a lower success rate.

On average, 61 % of customers had problems finding the phone that matched the specified needs.

  • One brand had an 81% success rate, 70% satisfaction rate and interestingly a 52% evaluation rate
  • One brand in particular had a 0% success rate so nobody managed to find the iPhone on their plan

Voice of the customer suggests frustration 

UK mobile providers do not make it easy to find a particular phone or SIM plan and leads to much frustration amongst customers.

Voice of the customer

Best Practice – Tesco Mobile 

For task one, 90% of customers found the right plan on Tesco mobile with only 10% reporting they had problems doing so.

Tesco Mobile has a simple yet functional and informative table which can be ordered by the top tabs. Customers can decide what is most important and filter options in this way. The page also encourages completion by showing customers the steps along the way therefore encouraging them to buy and to compete the process.

Tesco Mobile

Best Practice – Spark Mobile 

Spark Mobile scored well when we conducted similar research in the Australian market. 52% of customers found success immediately.

A clear page title, relevant terms and labelling and prominent tabs all contribute to a greater task success. Plans and pricing were also clearly labelled from the homepage.

Spark Mobile

  • Tabs labelled according to needs – helps customers to quickly identify each plan type
  • Alternate colouring and bold text used on tabs makes them clear
  • Big, bold text to communicate price – an important factor when matching a plan to needs
  • Clear, consistent headings makes comparing the options quick and easy
  • Insight: Spark visitors encountered the least problems during the match plans to needs task
  • Good comparison tables assist with ‘needs matching’

Best Practice – EDF Energy 

We know that from previous Global Reviews studies, other markets, particularly those with complicated products such as energy retail perform well in these type of tasks. EDF Energy can be used as a ‘Best Practice’ example outside of the Telco industry.Navigation needs to be clear and also needs based. Mobile providers can learn from Energy Retail on how to easily help customers through the process.

EDF Energy

Global Reviews specialises in helping top brands worldwide convert more of their ideal customers online, through the use of the most advanced research methodologies. To find out more about how we can help you and your digital teams, or if your Telco brand would like to be included in our next round of research, please contact us: 

Hannah-Rose Farrington – Commercial Director

T:         +44 (0) 203725 8260

M:        +353 (87) 1263043

E:         hannah.farrington@globalreviews.com

 

 

 

 

 

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Blog Series – The third critical stage for an effective mobile sports betting site – Adding a Bet

Mobile Sports Betting

Earlier in this blog series we discussed the first and second critical stages that need to be in place for a sports betting provider to have an effective mobile site.

Our Mobile Sales Effectiveness research, conducted in April 2016, put a sample of 450 “in market” bettors on the mobile websites of 16 different sports betting websites across Ireland, UK and Australia. The study highlighted that there are three critical stages along the mobile customer journey that need focus in order to decrease the level of lost opportunity that sports brands suffer from.

The three stages are:

  1. Initial Engagement
  2. Introducing Options
  3. Application i.e. Adding a Bet

The third and final critical stage is the application stage, or in the case of sports betting, ‘Adding a Bet’.

Adding a Bet 

Once a mobile customer has chosen their preferred betting provider and has found the event and odds relevant to them, the process of adding a bet is the final step on their online journey. It is at this stage that Global Reviews measures how easy it is for the bettor to add a bet to the betslip and the quality of support in place.

In our recent audit, Betfred scored highest for the task which was to add a £20 4-fold match result accumulator bet to a betting slip. Betfred scored 65% and had a satisfaction rate from bettors of 75%.

Why is Betfred winning? 

Betfred makes it quick and easy for bettors to add a bet to the betslip. Betfred navigates bettors to all of the upcoming matches and provides a simple process to select the accumulator.

Betfred

To sum up this blog series, here are some key recommendations for each of the three critical stages for an effective mobile sports betting site:

Stage 1: Initial Engagement 

  • Drive attraction and confirm you will meet bettors needs by building trust

Stage 2: Introducing Options 

  • Allow bettors to quickly compare betting options

Stage 3: Adding a Bet 

  • When bettors are adding a bet to the betting slip, feeding forward information is critical
  • Due to screen size restrictions it is very easy for bettors to become lost and abandon the journey
  • The colour and text of the betslip needs to stand out and clearly change when the betslip is amended

 

Global Reviews is a recognised world leader at providing leading companies with unique intelligence that helps increase their online customer acquisition ratios.

To find out more about our research programmes and how we can help you convert more of your ideal customers online, please contact:

Hannah-Rose Farrington – Commercial Director

T:         +44 (0) 203725 8260

M:        +353 (87) 1263043

E:         hannah.farrington@globalreviews.com

Download the full Mobile Sports Betting report here 

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Blog Series – The second critical stage for an effective mobile sports betting site – Introducing Options

Mobile Sports Betting

In the first post of this three-part blog series, we looked at ‘Initial Engagement’ as the first critical stage for an effective sports betting site.

Our Mobile Sales Effectiveness research, conducted in April 2016, put a sample of 450 “in market” bettors on the mobile websites of 16 different sports betting websites across Ireland, UK and Australia. The study highlighted that there are three critical stages along the mobile customer journey that need focus in order to decrease the level of lost opportunity that sports brands suffer from.

The three stages are:

  1. Initial Engagement
  2. Introducing Options
  3. Application i.e. Adding a Bet

The second critical stage is ‘Introducing Options’.

What does Introducing Options cover? 

Simply put, ‘Introducing Options’ refers to a bettor’s ability to:

  • Learn about event options
  • Locate betting options

Forming part of the ‘Consider’ phase of the customer journey where online bettors are actively considering placing a bet on their preferred site. Bettors want to find the relevant odds quickly and easily. This is critical on a mobile device.

As part of April’s Mobile Sales Effectiveness study, we set consumers the following task:

Task: Find the odds for Gallant Oscar to win the Aintree Grand National. 

BetVictor ‘s mobile site scored highest in our study scoring 83%. Here’s why…

Bet Victor

 

  • Customers can easily locate the link for all key events easily on the homepage
  • The hamburger menu is a simple A-Z function with clear icons to find an event
  • The event page is clearly laid out making it easier to filter races

Common problems encountered by consumers 

Below are some of the common problems experienced by consumers at the ‘Introducing Options’ stage, with ease of navigation and the time involved to find relevant information being the most significant pains.

Common Problems

The final critical stage of an effective sports betting mobile site is ‘Adding a Bet’ which we will look at in the third and last post of this blog series.

Global Reviews is a recognised world leader at providing leading companies with unique intelligence that helps increase their online customer acquisition ratios.

To find out more about our research programmes and how we can help you convert more of your ideal customers online, please contact:

Hannah-Rose Farrington – Commercial Director

T:         +44 (0) 203725 8260

M:        +353 (87) 1263043

E:         hannah.farrington@globalreviews.com

Download the full Mobile Sports Betting report here 

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Is the ACCC set to change which mobile providers we choose?

accc mobile phone review

Author: Suzy Coulson

Australia’s competition regulator, the Australian Competition and Consumer Commission (ACCC), released a discussion paper in August aimed at finding a way to lower the costs Australian consumers are currently paying for their mobile phone services. Whilst this is great news for mobile phone users, this does mean a potential shift in which providers we choose.

In July, Global Reviews conducted a marketing effectiveness study into the ways in which consumers research and select mobile phone providers to meet their needs. It was found that of those who didn’t have a preferred provider before they began their research, 54% would go into their research specifically looking for the provider with the best prices i.e. rates and fees. Once consumers had commenced their research, 60% built their shortlist of providers based on them having good rates and fees.

As it currently stands, Optus and Telstra are the most shortlisted brands at 68% and 66% respectively. Whilst Optus and Telstra are the dominant players, there is room for other brands given that consumers said that they would research an average of 4.7 providers. Even so, they still hold quite a lead on the next most shortlisted brands, Vodafone (40%) and Virgin (34%).

Being the largest telecommunications companies in the country, Optus and Telstra can perhaps afford to play around with the rates and fees they charge their customers. Smaller companies, however, most likely don’t have such freedoms which is an issue considering that on an importance scale of 1-5 (1=not at all important, 5=very important), customers rated low fees and charges as a 4.5 in importance when it comes to choosing a preferred provider. This was made evident when Optus, who was originally only preferred by 17% versus Telstra at 35%, managed to finish just one point behind Telstra in final preference thanks discovering their “good plan options” during the research and discovery phase.

With the amount that service providers are charging each other to receive phone calls and text messages now under scrutiny by the ACCC, the costs between providers is set to drop from May 2015, which will in turn allow for a drop in the fees charged to the consumer, opening up the competition to the smaller companies.

So as fees and rates begin to get more competitive, will we begin to see a change in which brands consumers prefer? Will the criteria in which we shortlist and choose providers change? In the coming weeks, Global Reviews will be running a sales effectiveness benchmark to evaluate the digital sales experience of the major telco’s and see just how prepared they are for this potential shift in how consumers will select a provider. The complete website journey will be assessed to see if providers can cater for the full range of customer needs, not just the pricing.

Download our free report for more insights from the study.

For information about our upcoming research please contact:

Jane Robertson
Commercial Director
T: +61 3 9982 3417
M: +61 400 560 652
E: jane.robertson@globalreviews.com

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Mobile banking – why? why? why?

Today’s business section of the Melbourne daily newspaper The Age ran an article by Clancy Yeates about the nature of mobile banking. The brief article cites that 40% of all digital log-ons were from mobile but only constituted 9.6% of total digital transactions. This article however did not articulate ‘why’ this is so, or explain the behaviour of those 30.4% that use mobile banking for non-transactional reasons.

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Online hotel booking providers told to instil trust and confidence with consumer

Around 250 attendees at the “No Vacancy” conference in Sydney today were provided with some key insights into understanding consumer behaviour when it comes to online hotel booking.

The top take-away from “The Good, The Bad and The Ugly” presentation by Greg Muller, Global Reviews CEO, was that these sites needed to instil trust and confidence with the consumer in three main areas:

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Apple iPhone 5 sales – reaping the results of 35 years of investment in its brand

The staff at Global Reviews love their technology.

On the announcement of the new iPhone 5, an office contest was sparked up to submit your estimate as to how many Iphone5’s would be sold in the first week.

In quick order, a spare whiteboard was scrubbed clean, and staff queued up to record their guestimate (in millions of units of course).

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