The less obvious reasons why consumers may choose your Super Fund over others!

As part of our intensive study of the superannuation industry and a consumer online behaviour when researching a superannuation provider, conducted in 2017, we asked users which super providers they initially preferred and why

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How to improve conversion on Motor Insurance websites (webinar 14 July)

Motor Insurance infographicGlobal Reviews is delighted to announce a webinar on Friday 14 Julyth at 10am BST utilising data from our recent Fruition study of the Irish Motor Insurance industry.

Join our webinar and find out:

– If you’re one of the brands losing over 75% of potential clients
– How your competitors are scoring
– What you can do to win clients
– How you can convince users that you have good online member services

Motor Insurance headerGlobal 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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Leading sports betting brands losing on average 74% potential customers

Leading sports betting brands losing on average 74% potential customers

Leading online sports betting providers are losing between 66% and 84% of their potential customers during their online orientation, results found in a recent study by Global Reviews.

In a fast-paced market where competitors could easily snap up a customer that should be yours, it’s key to understand what drives clients to choose a brand.

So why are online sports betting providers losing target online customers that they should be winning?

sports betting lost opp

Betting options that are easy to understand is one of the key drivers for potential bettors. This might seem obvious, yet we discovered that the majority of providers do not offer enough clarity at this key stage of the journey and as a result see prospective customers placing their bets elsewhere.

From the five leading brands in the UK, William Hill outshines its competitors by losing the least customers during their research phase. However, with a loss of 66% of prospects there are still huge opportunities to win more of these customers.

With our unique research programme, Fruition, we uncovered the reasons why.

We observed 360 regular bettors who researched over 32 sports betting providers during the discover stage of the journey, who then narrowed it down to a shortlist of preferred brands and ultimately a final preference.

We conducted a detailed analysis of the five most popular brands of those surveyed, outlining what impacts their success online and how well the providers are doing in-comparison to their competitors.

To find out what best practice in betting options looks like watch our webinar with exclusive insights that will help to optimise conversion.

  • What lost opportunities cause even The Big 5 to lose customers?
  • What are customers’ key drivers when choosing a provider?
  • Who’s losing customers to whom?

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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General Insurers – Simple Steps to Optimising Online Customer Conversion

General

Here at Global Reviews, we are fully focused on helping brands worldwide across multiple industries to increase their online acquisition ratios and conversion rates. One such industry is insurance and interestingly, our most recent data revealed that both home and motor insurance providers struggle at helping customers across each stage of the online customer sales journey.

The Sales Effectiveness Customer Journey 

The sales effectiveness customer journey follows the user through the four stages of consideration followed by the two stages of action.

Customer Sales Journey

  1. Initial Engagement – a user is introduced to the website
  2. Introducing Options – locating various insurance options
  3. Evaluating Options – considering different policies
  4. Facilitating Decisions – making a final decision on which insurance policy to choose
  5. Channel Selection – choosing how and where to purchase the insurance policy
  6. Application Form – purchasing the insurance online

It becomes apparent when we look at the scores across the stages for insurance providers in Ireland, UK and Australia, that there is a very common theme. The focus for insurance brands tends to gravitate towards the book ends of the customer sales journey,’Initial Engagement’ and the ‘Application Form’. As a result, insurance providers are failing to focus on their customers needs and wants when it comes to finding the correct insurance policy, ‘Evaluating Options’. It is at this stage we can see the scores drop across the various regions.

Motor Insurance Customer Journey

Drilling down further, and looking at the low ‘matching products to needs’ scores across a number of brands in Ireland, UK and Australia, it is evident that insurance customers struggle to find relevant product details to ensure product details matched their specific needs.

Matching products to needs

What steps can insurers take to increase online customer acquisition ratios? 

Simple improvements can make a big difference.

  • Highlight the value of the quote
  • Ensure that comparison tools and tables have a call to action.
  • Help customers differentiate between insurance covers. Ensure that customers have the right cover to suit their specific needs.
  • Highlight key product features but link to full detail pre-quote.
  • Ensure navigation is easy to follow. Clearly communicate the starting point for customers.
  • Calculators help users to make informed choices
  • Clearly communicate trust

To find out more, join our upcoming General Insurance webinar 

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

 

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Convert more of the Mobile Contract and PAYG Customers you could and should be winning!

Global Reviews have been the leaders for increasing online customer conversion in sectors such as Banking, Insurance, Energy, Online Gambling, Retail & Travel for over 16 years.

 
We are trusted by brands such as EDF, Scottish Power, nPower, British Gas, Three UK, William Hill, Ladbrokes, Lloyds, Tesco Bank and AIG.

 
As a result of our success, we are delighted to announce our launch into the Telecommunications Sector.


The Mobile Contract & PAYG programme uses the worlds most robust and advanced methodology that helps you to stop losing the ideal customers that you could and should be winning.

 
The programme will launch across both Mobile and Desktop platforms in August. Our valuable insights will solve the critical problems that Digital Leaders in telecommunications face with customer acquisition:

 
•WHY are we losing potential online customers who are actively considering buying from us but choose to buy from another company?

 
•WHAT actions can we take (based on learnings from companies around the world) that will enable us to win more of the customers that we are currently losing.

 
To help early adopters of the programme gain a competitive advantage, we are limiting the number of initial subscribers to the programme to just three companies.

 
If you would like to find out more information, please do not hesitate to contact us 

Or get in touch directly with:

Hannah Rose Farrington

Commercial Director

T: +44 (0) 203725 8260

E: hannah.farrington@globalreviews.com

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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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Blog Series: The first critical stage for an effective mobile sports betting site – Initial Engagement

Mobile Sports Betting

While the online sports betting sector is ahead of the game in being “mobile first”, a recent study by Global Reviews on the Mobile Sales Effectiveness in the sector found that top brands are losing target customers due to not fully aligning the mobile and desktop experience at certain points of the customer journey. In fact, almost a third of mobile bettors would leave the site if they encountered a problem.

mobile

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

In part one of this blog series, we look at the first critical stage, “Initial Engagement”.

What is Initial Engagement? 

Initial Engagement incorporates a number of factors relating to a bettor’s initial impression of the homepage including:

  • Communicating a clear value proposition in consumer-focused language
  • Building trust
  • Enhancing security and privacy features
  • Accommodates returning visits

 

Australian brand Sportsbet scored highest in our mobile study for “Initial Engagement”. The homepage on Sportsbet’s mobile site has mobile-optimised functions, security, convenient log-in and clear payment information.

Sportsbet

Best Practice for winning Initial Engagement 

Initial impression of the homepage:

  • Visually appealing design
  • Streamlined design – uncluttered, use of similarity and separation
  • Easy to navigate site
  • Create affinity with the target audience through colour, imagery and font

Communicating a clear value proposition in consumer centric language

  • Consider different messaging for homepage and product details page
  • Create a competitive advantage by going beyond just discounts and deals

Communicating security and privacy

  • Ensure access to supporting information
  • Use imagery to communicate privacy
  • Provide tips and assistance on how to protect your computer from security breaches and threats

Communicating trust

  • Transparency on pricing and quick access to key actions is important
  • Include testimonials, third party endorsements and a commitment to customers

 

Part two of this blog series will look at the second critical stage for an effective mobile betting site, Introducing Options. 

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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Top three tips for winning more of your ideal personal loan customers

A recent Global Reviews Digital Sales Effectiveness study (April 2016) revealed that financial services websites in the UK are not doing enough to help customers find the personal loan that is right for them. Simply put, the UK banking industry is failing to help customers match products to their specific needs online by not providing enough general information.

When we look at the top and bottom performers throughout the customer journey, it is apparent that no one brand is leading the market across all stages.

Loans Top Performers

We asked ‘in-market’ customers, i.e. those who are actively in the market for a new personal loan, to spend some time on the homepage of some of the leading banking brands in the UK, absorbing and actively looking for their desired information on personal loans. Voice of the customer feedback was captured and it is very apparent that customers found many of the homepages difficult to navigate, overloaded with information and interestingly, personal loans information was difficult to find.

VOC

So, what can financial service providers do to help their ideal customers find the correct information on the personal loan, effectively and with relative efficiency and ease? The following ‘Best Practice’ examples provide some insight:

Halifax – Addresses different needs on the homepage 

Halifax

Citigroup helps users understand the difference between overdrafts and loans 

citi

CBA includes a summary of each loan with key features and benefits 

CBA

Recommendations: 

  • Consider guided choice methods to help customers find the personal loan that is right for them.
  • Include links to ‘more information’ and ‘apply now’ for customers at different stages of the funnel.
  • Remember WHY customers are on the personal loans page, think like a customer and answer the big questions.
    • Why pick a personal loan?
    • Why choose a loan over an overdraft or a mortgage extension?
    • Which is more cost effective?

Global Reviews excels at solving the critical problems digital leaders face in customer acquisition.

  • WHY are we losing potential online customers who are actively considering buying from us (taking out a quote and shortlisting us) but then buy from another company?
  • WHAT can we learn from other companies around the world that will enable us to stop losing customers that we should and could be winning?
  • HOW do we independently validate, in such a fast-moving and disruptive digital environment, that the development decisions we are making are the right ones?

To find out how we can help you, please contact us. 

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The influential role of aggregators in converting online energy customers

energy

In our latest wave of research into the energy market, we have seen some interesting trends in how ‘in-market’ customers are researching and choosing their energy supplier. To begin with, let’s look at what is driving final preference. When UK consumers are choosing a preferred energy brand, what exactly are they driven by?

Drivers of final preference

Figure 1: Drivers of final preference Nov ’15 – Jan ’16 

Energy consumers in the UK, similar to those in Ireland, are primarily driven by price with 41% of UK consumers looking for the best value. In the Irish market, a higher majority of consumers choose the energy provider that has the ‘best plan to suit my needs’ at 42% versus 20% in the UK, demonstrating the gap between the two markets. Consumers are looking for the right deals and prices however energy provider websites need to communicate and demonstrate their value proposition clearly. Perhaps a brand that offers more in terms of rewarding loyalty will be best placed in the market? A ‘non-price’ value proposition could indeed offer something new and different. Energy providers will stay ahead by ‘adding value’ beyond just offering the cheapest energy in the market, through rewards schemes and loyalty incentives. Aside from price, other elements such as ‘trust’ (30%) and plans that are easy to understand (23%) are also drivers of final preference for UK consumers.

The role of aggregator websites

Relevant price messaging is important as consumers who are looking for a new energy provider actively research and use a number of means in order to weed out the best deal online and aggregators play a key role here.

Consumers are using aggregators to filter and create a shortlist but then go to the brand website to purchase. The implication here is that if your brand does not feature on an aggregator, it will not be considered. Aggregator websites capture consumer interest through key messaging at the search phase of the online journey, more so than the brands! A stark reminder then to established brands and even new entrants, that the role of aggregators in the online journey should not be underestimated. These lesser known brands are actively increasing market share due to search engine results pushing consumers toward the aggregator site where they are able to easily compare prices across a variety of brands but ultimately consumers will opt to purchase through the brand website as they believe it is more trustworthy.

What terms are energy consumers searching for in the UK?

Over 95% of consumers start their journey on a search engine when looking for the best energy deal or a new energy provider. Aggregator websites such as uSwitch, Compare the Market and Money Supermarket dominate visits from search engines, primarily Google.

Search terms

Figure 2: Search terms – UK consumers Nov ’15 – Jan ’16 

If we look at the most used search terms in the UK, the top 4 are brands, namely, British Gas, E.ON, EDF Energy and nPower, followed closely by comparison site uSwitch. In fact, the most visited domain from a search engine is uSwitch at 37% of visits; this is worth noting given that only 6% of consumers searched for uSwitch as an actual search term. Clearly at some point on the online journey there is a diversion to aggregators even though consumers set out in search of a brand name.

Just over a third of UK consumers only visit aggregators

Search to Aggregators

Figure 3: The role of search Nov ’15 – Jan ’16 

A third of consumers in this research only visited aggregator websites when considering what brands to put on their shortlist. A fifth only go to a brand’s website and make a decision from there.

Our research shows that consumers go back and forth between

Search –> aggregator –> brand

Search –> brand –> aggregator

Aggregator sites are used to find the best deal but application forms are normally completed on the brand’s website due to a higher perceived trust with the brands website.

Global Reviews excels at solving the critical problems digital leaders face in customer acquisition.

  • WHY are we losing potential online customers who are actively considering buying from us (taking out a quote and shortlisting us) but then buy from another company?
  • WHAT can we learn from other companies around the world that will enable us to stop losing customers that we should and could be winning?
  • HOW do we independently validate, in such a fast-moving and disruptive digital environment, that the development decisions we are making are the right ones?

To find out how we can help you, please contact: 

Hannah Rose Farrington – Commercial Director

T: +44 (0) 203725 8263

M: +353 871263043

E: hannah.farrington@globalreviews.com

 

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