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8               Reasons Why You Need Better
                Online Self-Service in 2012

  Is 2012 the year that virtual assistant technology and other forms of next generation
  self-service dominate the customer service landscape? Here are 8 reasons why
  we think it’s time for online self-service to shine...



   1            Your customers PREFER to self-serve,
                despite what you might think
In their February 2012 article for Forbes.com1, Harvard Business Review Press authors
Frances Frei and Anne Morriss said it best:
                         “Excellence is being great at the things
                                                                                                                 72%
                              your customers value most.”
When it comes to online customer service, what customers value most is the ability to
self-serve for quick answers to their questions and move on. The preference for self-
reliance is strong, and proven.

Corporate Executive Board says 60.4% of surveyed customers attempt to use a              Up to 72% of consumers prefer to go online
company’s web self-service as the first method for resolving their customer service       first to resolve customer service issues3
issue.2 Forrester Research pegs the percentage even higher, at 72%.3




   2            You can seriously differentiate your brand
                with great self-service
90% of companies surveyed by Forrester Research say that customer service is
important to their business, yet only 34% of brands deliver a “good” customer
experience.4

The vast canyon between what companies say versus what they actually do to provide      Approximately 2 out of 3 brands fail to deliver
a positive customer experience is a significant “rhetoric gap.” It’s a tremendous             a “good” customer experience4
opportunity for companies to leverage online self-service as a differentiation play.




   3
               The Status Quo Sucks: Most online self-service                                   FAQ and Help tools fail to satisfy
                                                                                                  49% of consumers online4
               features just don’t cut it
Diane Clarkson, Analyst, eBusiness and Channel Strategy at Forrester Research,
describes the typical online self-service experience as being “too often a barrage of
irrelevant information” which customers are forced to navigate, begrudgingly.

Clarkson says the information customers are seeking is usually located somewhere on              51%                 49%
a web site, but it’s not often easy to find.

Case in point: traditional web site FAQ and Help pages. Forrester Research indicates
just 51% of consumers are ultimately satisfied when using these tools.4
8 REASONS WHY YOU NEED BETTER ONLINE SELF-SERVICE IN 2012                                                                                       2




  4             Other service channels are just plain expensive

Corporate Executive Board’s position is that there are huge cost savings in building                                      $7.50
out web self-service. It’s a position that’s impossible to argue against, given the
generally accepted numbers. On average, a web self-service transaction cost $0.10
                                                                                                  Web self-service             Phone
per transaction, while a live call can cost $7.50 and beyond.2
                                                                                                 Web self-service costs $0.10 per transaction
In addition to the direct costs, however, is the opportunity cost of lost revenue when
                                                                                                    versus $7.50 for a live support call2
your online self-service lets a customer down.




  5
                Poor online experiences cause customers to
                defect – and take revenue dollars with them
On the Internet, where alternatives and competitors are always just one click away, a
poor self-service experience also impacts top line revenue.

A significant portion of customers – as much as 25%, according to Forrester Research
– will simply abandon a web site or find another solution if they can’t find what they are               1 in 4 frustrated customers
looking for.5                                                                                                abandon or defect5




   6            Thanks to social media, customers can publically
                expose your online service shortcomings in seconds
With social media, it’s now easy, tempting, and increasingly common for customers to
publically flame organizations that let them down.                                                                      *#$!
A survey conducted in 2011 by NM Incite (a Neilson/McKinsey company) found that 51% of
social media users post negative feedback.6

Interestingly, social media expert Jay Baer points out that public gripes tend to be about the
experience with the particular customer service channel. “In almost every case, the people
complaining on Twitter are doing so because your company already failed to satisfy them in              51% of social media users post
one or more traditional customer service channels,” Baer explains.                                           negative feedback6




   7             A satisfied customer is more likely to be a loyal
                 customer – so its time to get self-service right
Kate Legget, Senior Analyst, Business Process at Forrester Research, says a satisfied
customer correlates to a loyal customer, and this correlation can have a direct impact on
the bottom line for your company.

“Loyal customers are more likely to stay true to your brand and more likely to recommend
your company to friends and colleagues,” Legget explained in the March 29, 2012
IntelliResponse webinar, The New Way to Measure Online Self-Service. “And a loyal                    Customer satisfaction positively impacts
customer ends up spending a larger wallet share over their engagement lifetime with a                      loyalty and wallet share 4
company.”
8 REASONS WHY YOU NEED BETTER ONLINE SELF-SERVICE IN 2012                                                                                                                       3




   8                 The rise of mobile devices means self-service
                     is more important than ever to consumers
Consumer desire to stay connected has reached epic proportions. More than three
quarters of the world’s population (5.3 Billion people) are mobile subscribers.7

Non-Internet enabled phones have all but disappeared in developed countries. And the                                                      77% of the world’s population
surging popularity of digital tablet devices are predicted to outpace PC sales by 2015.8                                                    are mobile subscribers7



Is Your Online Self-Service Up to Par?
All 8 of these reasons point to one truth: your company’s success in terms of the                                                  FREE EVALUATION OF YOUR WEB
customer experience will be largely won or lost online. Effective web self-service is the                                          SELF-SERVICE CAPABILITIES
cornerstone of these online service interactions.
                                                                                                                                               Send an email to:
How does your web site measure up? Find out by taking the Forrester/IntelliResponse                                                            eval@intelliresponse.com
Online Self-Service Assessment Survey. To get started, book your FREE evaluation of
your organization’s web self-servce capabiliites by sending an email to
eval@intelliresponse.com



SOURCES:
1
  http://www.forbes.com/sites/forbesleadershipforum/2012/03/02/to-offer-great-customer-service-dare-to-be-bad/
2
  http://cccbuzz.exbdblogs.com/2012/03/13/three-reasons-to-show-your-support-page-a-little-love/
3
  “Selecting Online Customer Service Channels To Satisfy Customers And Reduce Costs”, Forrester Research Inc., June 25, 2010,
4
  “The New Way to Measure Online Self-Service,” Forrester Research Inc.-IntelliResponse (Webinar), March 29, 2012
5
  “Web Sites That Don’t Support Customers’ Goals Waste Millions”, Forrester Research Inc., February 17, 2010
6
  http://www.nmincite.com/?p=6051
7
  http://www.onlinemarketing-trends.com/2011/12/53-billion-mobile-users-reach-77-of.html
8
  http://techcrunch.com/2010/06/17/forrester-tablets-outsell-netbooks/




About IntelliResponse Systems
IntelliResponse enhances the multi-channel sales and customer service capabilities of hundreds of enterprise businesses
and financial institutions. The company’s Answer Suite technology is an award-winning On Demand software platform that
allows customers and service agents to ask questions in natural language, and get one right answer - regardless of the
hundreds of ways the question may be asked.

With more than 500 live customer-facing implementations answering 100 million+ questions, IntelliResponse is the gold
standard in first line customer experience management. With the IntelliResponse Answer Suite, your company web site,
mobile application, social media channels and agent desktop can all be transformed by an engaging virtual concierge,
empowering customers to ask questions using normal, conversational language. The correct and complete answer is then
instantly served to them in a variety of engaging ways.

For more information about IntelliResponse, visit www.IntelliResponse.com.


                                                                  Twitter.com/IntelliResponse                                   To learn more about taking online self
                                                                  Facebook.com/IntelliResponseInc                               service to the next level for your customers,
                                                                  YouTube.com/IntelliResponseInc                                visit www.IntelliResponse.com.

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8 Reasons Why You Need Better Online Self-Service in 2012

  • 1. 8 Reasons Why You Need Better Online Self-Service in 2012 Is 2012 the year that virtual assistant technology and other forms of next generation self-service dominate the customer service landscape? Here are 8 reasons why we think it’s time for online self-service to shine... 1 Your customers PREFER to self-serve, despite what you might think In their February 2012 article for Forbes.com1, Harvard Business Review Press authors Frances Frei and Anne Morriss said it best: “Excellence is being great at the things 72% your customers value most.” When it comes to online customer service, what customers value most is the ability to self-serve for quick answers to their questions and move on. The preference for self- reliance is strong, and proven. Corporate Executive Board says 60.4% of surveyed customers attempt to use a Up to 72% of consumers prefer to go online company’s web self-service as the first method for resolving their customer service first to resolve customer service issues3 issue.2 Forrester Research pegs the percentage even higher, at 72%.3 2 You can seriously differentiate your brand with great self-service 90% of companies surveyed by Forrester Research say that customer service is important to their business, yet only 34% of brands deliver a “good” customer experience.4 The vast canyon between what companies say versus what they actually do to provide Approximately 2 out of 3 brands fail to deliver a positive customer experience is a significant “rhetoric gap.” It’s a tremendous a “good” customer experience4 opportunity for companies to leverage online self-service as a differentiation play. 3 The Status Quo Sucks: Most online self-service FAQ and Help tools fail to satisfy 49% of consumers online4 features just don’t cut it Diane Clarkson, Analyst, eBusiness and Channel Strategy at Forrester Research, describes the typical online self-service experience as being “too often a barrage of irrelevant information” which customers are forced to navigate, begrudgingly. Clarkson says the information customers are seeking is usually located somewhere on 51% 49% a web site, but it’s not often easy to find. Case in point: traditional web site FAQ and Help pages. Forrester Research indicates just 51% of consumers are ultimately satisfied when using these tools.4
  • 2. 8 REASONS WHY YOU NEED BETTER ONLINE SELF-SERVICE IN 2012 2 4 Other service channels are just plain expensive Corporate Executive Board’s position is that there are huge cost savings in building $7.50 out web self-service. It’s a position that’s impossible to argue against, given the generally accepted numbers. On average, a web self-service transaction cost $0.10 Web self-service Phone per transaction, while a live call can cost $7.50 and beyond.2 Web self-service costs $0.10 per transaction In addition to the direct costs, however, is the opportunity cost of lost revenue when versus $7.50 for a live support call2 your online self-service lets a customer down. 5 Poor online experiences cause customers to defect – and take revenue dollars with them On the Internet, where alternatives and competitors are always just one click away, a poor self-service experience also impacts top line revenue. A significant portion of customers – as much as 25%, according to Forrester Research – will simply abandon a web site or find another solution if they can’t find what they are 1 in 4 frustrated customers looking for.5 abandon or defect5 6 Thanks to social media, customers can publically expose your online service shortcomings in seconds With social media, it’s now easy, tempting, and increasingly common for customers to publically flame organizations that let them down. *#$! A survey conducted in 2011 by NM Incite (a Neilson/McKinsey company) found that 51% of social media users post negative feedback.6 Interestingly, social media expert Jay Baer points out that public gripes tend to be about the experience with the particular customer service channel. “In almost every case, the people complaining on Twitter are doing so because your company already failed to satisfy them in 51% of social media users post one or more traditional customer service channels,” Baer explains. negative feedback6 7 A satisfied customer is more likely to be a loyal customer – so its time to get self-service right Kate Legget, Senior Analyst, Business Process at Forrester Research, says a satisfied customer correlates to a loyal customer, and this correlation can have a direct impact on the bottom line for your company. “Loyal customers are more likely to stay true to your brand and more likely to recommend your company to friends and colleagues,” Legget explained in the March 29, 2012 IntelliResponse webinar, The New Way to Measure Online Self-Service. “And a loyal Customer satisfaction positively impacts customer ends up spending a larger wallet share over their engagement lifetime with a loyalty and wallet share 4 company.”
  • 3. 8 REASONS WHY YOU NEED BETTER ONLINE SELF-SERVICE IN 2012 3 8 The rise of mobile devices means self-service is more important than ever to consumers Consumer desire to stay connected has reached epic proportions. More than three quarters of the world’s population (5.3 Billion people) are mobile subscribers.7 Non-Internet enabled phones have all but disappeared in developed countries. And the 77% of the world’s population surging popularity of digital tablet devices are predicted to outpace PC sales by 2015.8 are mobile subscribers7 Is Your Online Self-Service Up to Par? All 8 of these reasons point to one truth: your company’s success in terms of the FREE EVALUATION OF YOUR WEB customer experience will be largely won or lost online. Effective web self-service is the SELF-SERVICE CAPABILITIES cornerstone of these online service interactions. Send an email to: How does your web site measure up? Find out by taking the Forrester/IntelliResponse eval@intelliresponse.com Online Self-Service Assessment Survey. To get started, book your FREE evaluation of your organization’s web self-servce capabiliites by sending an email to eval@intelliresponse.com SOURCES: 1 http://www.forbes.com/sites/forbesleadershipforum/2012/03/02/to-offer-great-customer-service-dare-to-be-bad/ 2 http://cccbuzz.exbdblogs.com/2012/03/13/three-reasons-to-show-your-support-page-a-little-love/ 3 “Selecting Online Customer Service Channels To Satisfy Customers And Reduce Costs”, Forrester Research Inc., June 25, 2010, 4 “The New Way to Measure Online Self-Service,” Forrester Research Inc.-IntelliResponse (Webinar), March 29, 2012 5 “Web Sites That Don’t Support Customers’ Goals Waste Millions”, Forrester Research Inc., February 17, 2010 6 http://www.nmincite.com/?p=6051 7 http://www.onlinemarketing-trends.com/2011/12/53-billion-mobile-users-reach-77-of.html 8 http://techcrunch.com/2010/06/17/forrester-tablets-outsell-netbooks/ About IntelliResponse Systems IntelliResponse enhances the multi-channel sales and customer service capabilities of hundreds of enterprise businesses and financial institutions. The company’s Answer Suite technology is an award-winning On Demand software platform that allows customers and service agents to ask questions in natural language, and get one right answer - regardless of the hundreds of ways the question may be asked. With more than 500 live customer-facing implementations answering 100 million+ questions, IntelliResponse is the gold standard in first line customer experience management. With the IntelliResponse Answer Suite, your company web site, mobile application, social media channels and agent desktop can all be transformed by an engaging virtual concierge, empowering customers to ask questions using normal, conversational language. The correct and complete answer is then instantly served to them in a variety of engaging ways. For more information about IntelliResponse, visit www.IntelliResponse.com. Twitter.com/IntelliResponse To learn more about taking online self Facebook.com/IntelliResponseInc service to the next level for your customers, YouTube.com/IntelliResponseInc visit www.IntelliResponse.com.