May 6, 2015
Call Intelligence Index Finds Mobile Ads Are Driving Calls, Not Just Clicks
Analysis of 32 Million Phone Calls Shows Education Industry Ahead of Overall Mobile Marketing Trends, Auto Industry Has Potential to Grow
SANTA BARBARA, Calif. – May 6, 2015 – Mobile marketing is driving high-intent buyers to call businesses at a rapid rate, according to the Call Intelligence Index published today by Invoca, the call intelligence company. For its first annual index, Invoca analyzed more than 32 million phone calls placed to businesses across 40 industries in 2014.
The index uncovers the factors that influence customers along their path to purchase as the lines continue to blur between online and offline interactions. The findings validate the rise in mobile calls to businesses and underscore their value to marketers. As cited in the index, industry commentary indicates voice conversations are the most influential yet overlooked interactions in a buyer’s journey. For instance, 75 percent of consumers say a phone call is the quickest way to get a response from a company, but many businesses still rely on online form fills for inbound leads.
“We know that phone conversations are important, but we wanted to really dig in to our data to determine what actions motivate inbound calls to businesses, and how those conversations impact businesses on the other end of the line,” said Eric Holmen, president at Invoca. “Our data shows that industries emphasizing the call channel and making it easy for their customers to move seamlessly from digital to voice interactions will come out substantially ahead.”
Mobile use initiates billions of consumer phone calls to businesses each year, and findings show that mobile marketing efforts spur more than half (54 percent) of all calls to businesses. Industries that use mobile advertising to drive call volume, not just clicks, drive more conversions. The education industry, for example, brings in 66 percent of calls from mobile search and display ads, while the automotive industry – one that has historically relied on offline marketing like TV and newspaper ads – receives only 16 percent of calls from mobile marketing – suggesting an opportunity for automotive companies.
Key findings from Invoca’s 2015 Call Intelligence Index include:
The Digital Relationship with Calls
With the rise in mobile device usage, and particularly mobile search, digital marketing is driving phone calls. Marketers need to optimize their mobile strategies to take advantage of the inbound calls.
Key Caller Trends
As call volume increases, so do the opportunities for marketers and ultimately, salespeople. Calls are high intent interactions, so it’s important that marketers understand who is calling, and how and when they are dialing, to make the most of those conversations.
Calls by Industry
Because call trends vary by industry, marketers must pay attention to those that specifically impact their industry and adjust their strategy to ensure they increase the volume of quality calls.
Call Intelligence Drives Sales
Call intelligence helps marketers turn phone calls into marketing and sales opportunities by providing information about the source of the call, as well as deep insight into the caller and the conversation, so they can trigger optimal interactions across any channel. As consumers switch channels, devices and screens multiple times during the buying cycle, marketers and sales professionals must be armed with intelligence about these interactions to facilitate a more effective customer path to purchase.
Invoca found that customers increased the number of calls to their businesses by an average of 205 percent and increased the length of those calls by seven percent from Q1 to Q4 2014. With call intelligence from Invoca, businesses across industries are driving more high quality calls and more sales: in 2014, businesses converted more than $2.2 billion in sales over the phone through Invoca’s platform.
“Inbound phone inquiries for our higher education clients have an 11 percent conversion rate to application — almost double the conversion rate for all sources combined — so increasing call volume is always a focus,” said Akeel Haider, director of cross-channel marketing at Sparkroom. “With Invoca, we can generate an unlimited number of call interactions from multiple marketing sources, ensure call quality, and integrate data into Sparkroom Marketing Software to get a complete picture of our marketing performance.”
The full 2015 Call Intelligence Index is available for free download here: https://www.invoca.com/data/
Invoca helps the modern marketer optimize for the most important step in the customer journey: the phone call. With Invoca’s Call Intelligence platform, marketers can get granular campaign attribution to understand why customers are calling, gain real-time intelligence about who’s calling and analyze what’s being said in conversations. Marketers can put this data to work directly in the platform by automating the ideal customer experience before, during and after each call. With an ecosystem of over 30 technology partners, marketers can inject call intelligence into their existing technology stack, giving them the ability to orchestrate a true omnichannel customer journey. Invoca is backed by Accel Partners, Upfront Ventures, Rincon Venture Partners, and Salesforce. For more information, please visit www.invoca.com.