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"To be successful, Web
sites need a loyal audience that returns
one of the best ways to keep people coming
back is to create a sense of community."
- S. Ryan, C-Net |
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| Why Community? |
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Its simple. To succeed in e-commerce, you need to succeed in e-community. Every site
is fighting to attract and retain users. By adding interactive community features, your
site can grab their attention, keep them on the site, and encourage them to return. The
ability for interactive sites to keep users on their sites longer (three times the average
according to Businessweek), extends the opportunity to get users interested in the
sites e-commerce initiatives. It is the combination of content and community that
will make your site "sticky".By engaging your customers with a
netVillage interactive community site, youll realize the following benefits:
- Increase Traffic. Community builds
relationships between people, and once they have relationships with other members of your
community, they come back. And traffic makes your online property a more valuable and
important place for advertisers
- Increase Advertising Revenue. Community
members segment themselves into interest groups, providing a ready-made audience for
focused advertisements and other messages. For sites that support themselves with
advertising and sponsorship, specialized communities provide the most powerful form of
targeted advertising.
- Increase E-Commerce Revenue. CD-Now has
found that return visitors buy 150 percent more product than first-time visitors.
According to Forrester Research, members of a community are 36% more likely to buy than
non-members.
- Build stronger customer relationships -Online
communities help companies create and maintain a two-way dialogue with their best
customers. Companies can use community to understand and respond to their wants and needs
on an ongoing basis.
- Increase Brand Loyalty - Reports show that
community members are more loyal to and remain customers of an e-business 50 percent
longer than people who choose not to join these virtual marketplaces.
- Tap Market knowledge - Community provides
an important source of consumer feedback on products and services, allow you to examine
trends, and learn more about the behavior of your customers. Forget about commissioning
expensive marketing research, communities are an opportunity to engage a real live focus
group.
- Viral Growth - Through word-of-mouth
marketing from community members your site acquires new users at no cost to you. Research
indicates people share their experiences with colleagues and friends, since it's not
uncommon for a community member to refer up to 20 new users to a business.
- Viral Marketing - Online communities bring
your company closer to loyal customers or partners who strongly identify with your product
or service, putting their energy and enthusiasm to helping you build your business faster.
- Higher Visitor-to-Customer Conversion Rates
- Highly Targeted E-marketing - Focused areas
allow delivery of targeted messages to just the right members.
- Realize Cost savings - Leveraging chat and
discussion forum technology for technical support can result in significant manpower cost
savings.
- Cost Effective Content Strategy -
Communities will generate its own relevant and authentic content. Member-generated content
includes such things as postings of text, images, and sounds by members, polls and
ratings, and shared best practices.
- Engage your customers - Forty percent of
visitors to your web site want to connect with other visitors to discuss your content,
services, and products, according to Jupiter Communications
Not convinced? See what the industry is saying about online
communities, check out the latest in our community news section. |
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