DiscoverThe MarTech MatrixThe Cost of Ignoring Website Friction in E-commerce
The Cost of Ignoring Website Friction in E-commerce

The Cost of Ignoring Website Friction in E-commerce

Update: 2024-03-09
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Description

In this episode, Yuri Strauss, the founder of WebEyez, discusses the importance of website experience on marketing and e-commerce. He shares how WebEyez addresses the need for robust tools in e-commerce analytics and monitoring, helping businesses identify and solve friction points in real time. Yuri explains the difference between WebEyez and traditional analytics tools, highlighting the active engagement and patching of issues that WebEyez offers. He emphasizes the significance of user experience in driving conversion rates and customer retention. Yuri also provides insights into the setup and ongoing support provided by WebEyez, as well as the impact it can have on recapturing lost revenue.




Takeaways



  • Website experience plays a crucial role in marketing and e-commerce, as a bad experience can lead to lost revenue and customer dissatisfaction.

  • WebEyez offers robust tools for e-commerce analytics and monitoring, helping businesses identify and solve friction points in real time.

  • WebEyez differentiates itself from traditional analytics tools by actively engaging with users and patching issues on the website.

  • Improving user experience is essential for increasing conversion rates and customer retention, leading to higher lifetime value.

  • WebEyez provides simplified setup and ongoing support, allowing businesses to recapture lost revenue and optimize their website experience.


Chapters


00:00 Introduction and Website Experience Impact


00:57 Founding of WebEyez


01:18 Identifying the Need for Robust E-commerce Analytics


03:48 Active Analytics and Real-time Problem Solving


04:12 Bridging the Gap Between Tech and Marketing


05:07 Differentiating from Traditional Analytics Tools


06:06 Active Engagement and Patching Issues


07:05 Triggering Actions and Working with Third Parties


08:11 Improving User Experience with Active Analytics


09:05 Detecting and Addressing Business and Tech Friction Points


09:59 Quantifying the Impact of Friction on Conversion Rate


10:59 The Importance of Lifetime Value and User Experience


11:33 The Impact of Friction on Customer Retention


12:08 Revenue Recapture and Savings from Friction


13:11 Case Study: Identifying and Fixing Friction Issues


19:06 The Importance of Conversion and Lifetime Value


20:15 WebEyez as a Solution for Rising CAC


23:30 Case Study: Navigating Internal Organization and Integration


28:23 The Role of A/B Testing in WebEyez


30:28 Simplified Setup and Ongoing Support


34:04 Takeaway: 10-40% Savings from Lost Revenue

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The Cost of Ignoring Website Friction in E-commerce

The Cost of Ignoring Website Friction in E-commerce

Sean Simon