|By Business Wire||
|October 22, 2012 04:00 AM EDT||
Reevoo, the cloud-based social commerce solutions provider, today reveals its benchmark figures for companies implementing social commerce and announces the launch of an offer that will enable brands to improve their current results with Reevoo.
Reevoo’s analysis indicates that the volume of user-generated content, including reviews and consumer conversations, should include a 75% coverage rate on products across page views. Considering that analyst firm Gartner, Inc recently predicted that companies will generate 50% of web sales via their social presence by 20151, companies falling short of these targets are missing on the benefits of social commerce.
In a specific like-for-like example, Reevoo helped an international retailer generate 59 times more value-added content in Europe across a higher number of products than the provider responsible for the company’s US site.
Reevoo is therefore announcing the launch of an offer to businesses wishing to improve on their current social commerce results. Companies will be able to swap their existing solution for Reevoo, at no additional service charge for the remaining period of their current contracts.
Steve Hurn, CEO of Reevoo says, “With analysts predicting that social commerce will lead a sizeable majority of large companies’ sales in the next few years to come, it’s clear that social commerce is an important part of the overall business strategy, essential to staying competitive. At Reevoo, our social commerce solution provides a 5 times higher response rate from consumers writing reviews on products than other providers. Reevoo’s solutions are based on a quick and seamless implementation process and we are able to start collecting large volumes of verified data from the very beginning. Our comprehensive, end-to-end solution is well placed to help companies stay agile and get an edge on the competition.”
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Notes to editors
1 Gartner, Inc: ‘Gartner Says Companies Will Generate 50 Percent of Web Sales Via Their Social Presence and Mobile Applications by 2015’ - Analysts Discuss the Future of E-Commerce at the Gartner Portals, Content and Collaboration Summit - March 12-14, 2012 - http://www.gartner.com/it/page.jsp?id=1826814
Conversations about your brand are already taking place, shaping consumer opinions. Reevoo (www.reevoo.com) enables you to join those conversations so you can attract, engage and retain more customers. Our social commerce suite provides reviews, recommendations and community solutions that have an immediate impact on your bottom line, and turn feedback into insights that can guide your business.
More than 750,000,000 Reevoo-collected reviews and conversations are used every month across 90 countries. Founded in 2005, Reevoo has pioneered a unique social commerce model that continues to deliver far better results than the industry standard for brands including Dixons, Ford Retail, Black & Decker, Kuoni, Orange, and Sony.