Pitney Bowes’ New Post-Purchase Marketing Solution Connects Retail Brands with Consumers in The Moments That Matter Most
STAMFORD, Conn.--(BUSINESS WIRE)--Mar 4, 2019--Pitney Bowes (NYSE: PBI), a global technology company that provides commerce solutions in the areas of shipping and mailing, data, and ecommerce, today launched Consumer Connect, a new self-service post-purchase marketing solution for retailers and brands. Pitney Bowes is demonstrating Consumer Connect, and its ability to drive new revenue after the ‘buy’ button, in booth 3704 at Shoptalk, March 3-6 at the Venetian in Las Vegas, Nevada.
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Consumer Connect from Pitney Bowes enables retailers to create a branded tracking and post-purchase experience (Photo: Business Wire)
“Retail marketers spend a tremendous amount of time and money attracting consumers and getting them to click the ‘buy’ button, only to leave them in the hands of third-party shipping partners for tracking and notifications until the package is delivered,” said Lila Snyder, EVP and President, Commerce Services, Pitney Bowes. “This created the opportunity to introduce Consumer Connect - a self-service marketing tool to engage consumers during the critical post-purchase experience. For the first time, we are putting control of that experience fully in the hands of retail marketers.”
“We know from industry data that a package will receive an average of eight tracking requests between shipment and delivery. In most cases, that experience is basic, boring and off-brand. Consumer Connect addresses this issue, transforming shipment tracking into a dynamic extension of a retailer’s brand experience, ultimately driving more meaningful consumer engagement and new revenue opportunities.”
Consumer Connect allows consumers to:
- track shipments
- stay informed by email and SMS updates;
- receive relevant promotions and product offers;
- initiate returns with ease; and
- continue to engage with retail brands in meaningful ways in the moments when the brand promise matters most
Retailers benefit from:
- converting tracking moments to merchandising moments;
- on-brand tracking experiences;
- targeted post-purchase consumer engagement;
- seamless returns ( according to thePitney Bowes Global Ecommerce Study, 92% of consumers will buy again from a brand if returns are easy ); and
- “The Publisher” – a 24/7 self-service CMS (content management system) that allows retailers to customize their branded post-purchase experience in minutes.
“Consumers are going to love Consumer Connect for the brand-consistent immersive experience,” said Snyder. “Retailers will love Consumer Connect because it will help to drive sales, decrease call center volumes, and increase customer loyalty.”
Why post-purchase matters and the consequences of getting it wrong
According to the Pitney Bowes Global Ecommerce Study, 90% of online shoppers in the US will take an action that can hurt a retailer’s brand in response to a bad post-purchase experience. Their reactions range from sharing their frustrations on social media to never purchasing from the offending site again. Among millennials, 30% will go public about their poor experience, complaining in an online review or social media post, potentially affecting the buying decisions of their entire social networks.
The importance of the post-purchase experience to consumers was further validated by retailers. According to the study, successful high-growth retailers (25% or greater YoY revenue growth) place a greater emphasis on the post-purchase consumer experience than their slower-growth competitors. This includes providing services like free returns and day-definite guaranteed delivery. 54% of high-growth retailers offer 2-3 day free shipping, while 60% of low- growth retailers (10% or less YoY revenue growth) offer 4-7 day free shipping. High-growth retailers also tend to meet or exceed consumer demands for accurate, real-time tracking, free and fast shipping, easy returns with preprinted labels, prompt refunds and even attractive branded packaging.
“Successful high-growth retailers and brands not only exceed their customers’ expectations on the post-purchase experience, but they leverage every consumer touchpoint to build brand awareness, further strengthening customer loyalty,” said Snyder.
About Pitney Bowes
Pitney Bowes (NYSE:PBI) is a global technology company providing commerce solutions that power billions of transactions. Clients around the world, including 90 percent of the Fortune 500, rely on the accuracy and precision delivered by Pitney Bowes solutions, analytics, and APIs in the areas of ecommerce fulfillment, shipping and returns; cross-border ecommerce; presort services; office mailing and shipping; location data; and software. For nearly 100 years Pitney Bowes has been innovating and delivering technologies that remove the complexity of getting commerce transactions precisely right. For additional information visit Pitney Bowes, the Craftsmen of Commerce, at www.pitneybowes.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190304005310/en/
CONTACT: Brett R. Cody, Pitney Bowes
(203) 218 1187;Brett.Cody@pb.com
KEYWORD: UNITED STATES NORTH AMERICA CONNECTICUT
INDUSTRY KEYWORD: TECHNOLOGY CONSUMER ELECTRONICS ONLINE RETAIL DATA MANAGEMENT HARDWARE OFFICE PRODUCTS RETAIL
SOURCE: Pitney Bowes Inc.
Copyright Business Wire 2019.
PUB: 03/04/2019 09:00 AM/DISC: 03/04/2019 09:01 AM