Reevoo Reveals Social Commerce Benchmark Figures

October 22, 2012

London, UK

Ratings and Reviews provider launches offers enabling businesses to benchmark and improve current social commerce results

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 2015 (1), 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.”

-ENDS-

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