Introducing the Number 1 UGC-Dedicated Analytics Platform on the Planet
By now the value of User-Generated Content (or UGC for short) on website product pages is well known. Ratings, reviews and consumer imagery/video are all highly valued social proof points for shoppers as they progress through the customer journey on the path to purchase.
But despite the extensive positive impact the UGC they capture has on sales and traffic, and even the more qualitative benefits like shopper confidence, few brands and retailers analyze UGC on a deeper level. Either as insight to drive product portfolio improvements or enhance their customer experience.
They haven’t had access to an intelligence engine powerful enough to take all of the rich sentiment data (from the thousands of UGC they’ve collected across the web) and turn it into clear, actionable insights.
Well, we at PowerReviews can very confidently say: all that has changed now.
The High-Potential Analytics Power of UGC
UGC offers a ton of context-rich and actionable insight voluntarily provided by your customers. The sort of information organizations otherwise have to go to great lengths to capture through surveys or other methods. What makes UGC so powerful?
- You can easily map consumer feedback to specific products. Think about that for a second: most brands and retailers have extensive catalogs of hundreds or even thousands of products. Monitoring customer sentiment accurately across this sheer volume of items is literally impossible via any other methodology.
- Reviewers often provide demographic information (be this age, location, gender and – in some cases – use case). Being able to factor this insight in provides a highly valuable extra layer of context. No other type of customer feedback data captured digitally provides that level of specificity. With UGC, you can very precisely map product feedback and information about those who bought it to the actual product itself.
- Unlike other forms of customer feedback, UGC is almost always constructive and meaningful in its focus – whether it’s related to a specific product or your entire customer experience. Whether positive or negative, it typically includes extremely powerful, actionable and context-rich recommendations and suggestions for improvements.
UGC is a datasource with incredible potential but has up to now been completely underutilized. It’s time to unleash it.
What makes UGC Analytics a big deal?
We built UGC Analytics with input from today’s top brands and retailers. Over the past year, as we were building and improving upon this suite of analytics products, we asked for feedback from our customers — who also knew their review data was a goldmine of incredible insights just waiting to be discovered.
In fact, we did a thorough analysis of what other vendors in the space are able to offer. UGC Analytics is superior for a number of reasons. Check out our capability comparison chart for a deeper dive.
Here are a three things UGC Analytics does that no other UGC vendor does:
- Benchmarking: Enables consumer sentiment comparison at the product, product category and brand level. Any product, any product category and any brand.
- Product-Level Sentiment: Understand sentiment at the individual product level. Analysis of your entire product catalog in granular detail.
- Potential Syndication Partners Insight: Provides exceptional guidance on who you should partner with to ensure you maximize the reach, value and impact of your UGC content.
Keep reading for more on that.
What does UGC Analytics allow you to do?
UGC Analytics is a reporting and text analytics suite powered by AI and Natural Language Processing that enables you to drive positive change across your business. These include:
Optimize your overall product catalog and drive individual product improvements
Brands and retailers typically have extensive product portfolios. Knowing exactly where and how to make adjustments – both to individual products and at a more holistic level – to drive meaningful business impact is a huge challenge.
More specifically: how do you know how each product resonates with shoppers? What exactly do they like about each of your products? What don’t they like? Is the information provided at point of sale both accurate and detailed enough to generate realistic expectations?
UGC Analytics enables you to mine all the insight-rich customer feedback captured via your UGC program for the most actionable and impactful improvement opportunities. Our pilot customers used it to build specific evidence for their merchants about modifications they needed to make, make adjustments to product descriptions on their site and considered dropping entire product lines.
Benchmark product and website performance against competitors
To become a market leader, you need to know what you’re up against. How exactly do you compare to your competition?
But most brands and retailers are unable to compare product and brand performance in the detail they need and with the precision required to make the desired impact.
This information – in the form of UGC – is all over the internet. It’s on your site, your competitors’ sites and a whole host of big box retailer and ecommerce marketplace sites. And trying to combine all of this data (which is usually structured differently depending on its source) gets overwhelming very quickly.
UGC Analytics enables you to analyze all this UGC data from your site, your competitor’s sites and any other third-party site this information exists on. It then enables you to compare consumer sentiment at the product, product category and brand level.
For example, say you make razors and Gillette is your main competitor. UGC Analytics enables you to see how your brand stacks up against the overall Gillette brand, as well as compare any of your models to any Gillette model. Extremely powerful stuff.
Understand, dissect and improve consumer path to purchase
As we mention above, User-Generated Content (ratings, reviews and visual media from customers) is proven to have a huge impact on the online shopping journey. Often, it’s the driving factor in converting browsers to buyers along the path to purchase.
But most are unable to size or even define this impact. They have no way of knowing the extent of consumer interactions with UGC content and the precise nature of it.
What type of UGC content results in better outcomes? Does consumer imagery or video make purchasing a product more likely? What about product Q&A content? How big an impact do different star ratings have on purchase decisions?
UGC Analytics enables you to answer all these questions and more. How? By capturing very precise insight about how consumers interact with this content, along with their subsequent actions (i.e. do they go on to purchase or not).
For example, across all our data, we have established that online shoppers that interact with some form of UGC are 103% more likely to convert. Q&A is the most impactful content (153% increase in conversion), followed by reviews (115% increase in conversion) and imagery (81% increase in conversion). UGC Analytics enables you to understand UGC’s tangible impact on your specific buyer journey.
Understand how your customers talk about your products so you can ensure your messaging and branding is on point
UGC Analytics analyzes every single piece of ratings and reviews content submitted about each of your products anywhere on the internet.
Due to its NLP-powered text analytics capabilities, it’s therefore able to take all this data and then surface very specific trends and insights to the forefront.
As a result, you can very quickly understand how your product and brand messaging is resonating with shoppers. Are there expectations of your products accurate? Or do your products end up disappointing more often than not? What exactly is it that doesn’t hit the mark?
UGC Analytics enables you to establish answers to all these questions and more. In doing so, it delivers highly actionable insights that drive informed and strategic improvements – whether for an individual product or on a broader basis.
How can you credibly say it’s “the best UGC-dedicated analytics platform on the planet”?
Put simply, because it is. We knew this was a huge gap in the UGC marketplace. As we talk about above, UGC is an incredible datasource that most brands and retailers are simply not leveraging as they could for maximum benefits. But there’s no other vendor in the space that is enabling them to fully realize this incredible potential.
UGC Analytics stacks up favorably to all other analytics platforms offered by our direct competitors. Here are the main reasons why:
Today is a proud day for us at PowerReviews. We are excited to offer brands and retailers the opportunity to maximize the huge potential impact of their UGC data to drive broad and meaningful business change.