Closing the sales gap:
Rescuing $5 billion with exit intercept surveys.
The goal.
It’s a hole.
You know it’s there. Every day, a group of non-buyers exit your stores. And, as they leave with empty hands, your revenue runs out the door with them, right between your fingers.
And into your competitor’s hands.
Don’t let that happen. You can’t afford to lose. Protect your sales. Take a moment to look at how this retailer did it, by using non-buyer data to defeat lost sales. Their insights can help you, too.
Research was required.
To fill the hole.
With a loss prevention plan. For this retailer, it meant talking to validated store shoppers. It’s the only way to ask intenders why they’re not buying your brand.
So, you can fix the shopper experience.
Spoiler alert: it’s do-able. By honing in on non-buyer needs, this retailer pulled sales from their competition.
Here’s how they did it…
Our approach.
We used Surveys On The Go® (SOTG).
It’s 24/7 access to your in-store + online shoppers. These consumers have given their informed consent to share all their data — all the time. That means, you can run analysis on everything.
And, because it’s an app, the client got:
- OmniTraficTM data: Behavior Data® validated both online + in-store visit.
- Every touch point: Digital data was collected before, during + after the store visit.
- Accurate data: Only first-party panelists were used with informed consent (as always).
The results.
- They found a $5 billion dollar hole.
- 8% of shoppers left completely empty-handed.
- $5 billion dollars, roughly was being lost in annual sales.
- 16% of intended shoppers weren’t actually buying anything.
- 29% of intended shoppers couldn’t find items, so they didn’t buy.
- But, here’s how they fixed it—for good.
- After quantifying the issue (~$5 billion/year).
- They talked to non-buyers about what to stock.
- Then, refined their market, demo + geographic areas.
- And, with the data, they were able to get buyers what they wanted.
About MFour.
MFour offers a revolutionary end-to-end platform that delivers validated consumer data. Recognizing the pervasive issues of data fraud and industry commoditization undermining data quality, MFour provides a robust solution.
Through the Surveys On The Go® app, MFour collects and validates consumer behaviors, offering deep insights into consumer journeys. This data collection method enables the platform to trigger survey invitations targeted at verified audiences, providing a comprehensive understanding of consumer motivations.
The gathered and validated data is then presented on MFour Studio. As the industry’s only end-to-end platform to build, field then analyze insights, MFour Studio seamlessly integrates validated consumer surveys with real-time app, web, and location data. This integration empowers businesses to gain holistic consumer understanding then make informed decisions.
MFour stands at the forefront of consumer data analytics, combining validated survey and behavior data on a unified platform to enhance business decision-making.
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