The Bankwatch

Community ROI - a sensible view

Thursday, 24 May 2007 · No Comments

Will Pate and colleagues have put together a good summary, researched online, of metrics that could be developed into something. I think the term ROI is a stretch for some of these items, and have said so before, but the concept of new metrics to respond to this space is highly valid.

Some examples that I liked:

- Community users remain customers 50% longer than non-community users. (AT&T, 2002)
- Community users spend 54% more than non-community users (EBay, 2006)
- 56% percent of online community members log in once a day or more (Annenberg, 2007)
- Customers report good experiences in forums more than twice as often as they do via calls or mail. (Jupiter, 2006)

For the full list, go to Wills post here.

Categories: Banking Strategy · Business Models · Profitability

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