Last week Hostway (one of our UK Service Provider License Agreement (SPLA) partners) released a note on the wires highlighting the results of research that they had commissioned with us, which was conducted by independent research company TNS.
Lost revenues
In a nutshell the research highlights that UK retailers are potential losing up to £5.65 billion per year in lost sales due to their websites performing poorly. According to the research, consumers are abandoning online transactions and the survey of some 2,033 consumers highlighted that on average they abandoned 5.5 online transactions per person over the last 12 months.
Much of this abandonment seems to be down to frustrations of respondents wasting time waiting for page or image loading to take place, compounded further by many retailers websites containing multimedia content.
Brand reputation and customer loyalty
An additional topic merits some discussion at this point. This is the impact a poor performing website can have on the retailers brand reputation and its customers loyalty. Shoppers, whether purchasing from the bricks and mortar stores or online will have expectations that are set by high profile retail brands. The last thing any retailer operating online needs is to fail to meet these expectations because of a poor performing website, let alone the thought that customers would leave the site to go to a competitor site. Shoppers have always been an impatient bunch. Last year, research conducted by Forrester Consulting and Akamai Technologies in the US concluded that the new threshold in terms of an average online shopper's expectation for a web page to load was two seconds, and then shoppers are off to the competitions’ site.
High profile website downtime issues
Unfortunately, a poor performing website is not the end of the story. In recent times some organizations (Harrods, Ryanair, Paypal and Barclaycard for example) have experienced some rather high profile website downtime issues damaging brand reputation and calling into question the importance some of those businesses have placed on the technologies used to support their online presence. Any planned or unplanned downtime will have a huge impact on an organization and its customers. With the rise in use of social networking sites such as Twitter a business should not think others will not find out about their misgivings.
Intelligently manage your web traffic
The good news is that there are flexible software technologies out there that can intelligently manage web traffic and can help to mitigate poor performing websites or unplanned downtime. Retailers - in-fact any organization - that operates online, can ensure the delivery of a robust and reliable service to its online customers without the worry of damaging brand, reputation and ultimately revenues.
'Web-stress'
It’s not just business that is adversely affected by poor performing websites. According to Neurological research provided by software firm CA and customer experience consultants Foviance, volunteers found the process of searching for products and paying for them particularly stressful. The research also proved that websites that were slow and difficult to use meant visitors had to increase concentration levels. Catriona Campbell, director at Foviance and a behavioural psychologist, said: "When online expectations aren't met, people quickly become agitated, confused and have to concentrate 50 per cent more than normal."
Worried that your poorly performing website is just losing you revenue...then think again. It might be making your customers sick too!
If you're a retailer and would like to find out more about how Zeus can help you deliver on your customer expectations and ensure your online presence is fast, secure and available. We are co-hosting a webcast on March 18th with Retail Week, Quocirca and 'I Want One of Those'. Full details and registration can be found here.
Mark Gyles
