cx-i

Insights into the online customer experience from Mike Baxter

online financial services - introduction

Isn't life strange sometimes! I spend months analysing and measuring sites that sell toasters and TVs and then get asked about sites that sell mortgages and credit cards. So, do I take a deep breath and start again? Well, yes and no. Let's start with the 'No'. A very distinct type of customer experience is needed if people are to be persuaded to commit to any sort of decision within an online environment. A lot of what is known about the sales of goods online also applies to the sales of services online (and vice versa). The sectors can, therefore, learn a lot from each other's best practices and examples of this will be explored here at cx-i over the coming months.

Okay, now for that deep breath! Although the principles of online sales may be common to both goods and service sectors, the actual sales process is often very different. Customers need to be informed, persuaded and reassured about different things, and in some cases, in different ways. The only way to get to grip with these differences is to get stuck in and analyse some leading financial services sites. So, in partnership with Anthony Thomson of the Financial Services Forum this is exactly what we'll be doing over the next few months. The preliminary results will be published at the end of May but more specific analyses will continue after that. If you have suggestions about particular aspects of customer experience that you think I should be including, please get in touch.

posted at 12.01pm on saturday 2nd april 2005 by mike baxter
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