Introducing Word of Mouth MarketingPresentation Transcript
BA (Hons) Advertising Word of Mouth Marketing
What is Word of Mouth Marketing?
Word of Mouth The act of consumers providing information to other consumers. Word of Mouth Marketing Giving people a reason to talk about your products and services, and making it easier for that conversation to take place. It is the art and science of building active, mutually beneficial consumer-to-consumer and consumer-to-marketer communications. http://womma.org/wom101/ http://www.slideshare.net/1000heads/whatis-wom
Why is this important?
The average person sees over 3,000 advertising messages every day…
But how much are these messages Seen? Trusted?
Where is the trust in advertising? http://www.bigmouthmedia.com/live/articles/british-public-putting-more-trust-in-advertising.asp/7820/ 2011 ComRes Study 2010 Alterian Study www.alterian.com/brands-at-risk Only 5% (4% UK, 6% US) trusted advertising and 8% (9% UK, 6% US) ‘what the company says about itself
But realistically - who do you trust more? Brands OR People
The power has shifted to the consumer… … people trust people - not marketers or adverts
It’s all about conversations… … ..conversations are the drivers of growth
And people like to share their thoughts and opinions… … .it’s what makes us human
Recommendations matter! How are you most likely to share your opinions to your friends and acquaintances? It’s time for brands to join the conversation! 2010 Alterian Study www.alterian.com/brands-at-risk
The Anatomy of a Recommendation… WHO said WHAT
Remember this old chestnut?
The Peer Influence Pyramid http://blogs.forrester.com/interactive_marketing/2010/02/my-first-forrester-report-tapping-the-entire-online-peer-influence-pyramid.html
Mass Connectors and Mass Mavens http://blogs.forrester.com/augie_ray/10-04-20-peer_influence_analysis_what_it_how_marketers_use_it Mass Influencers come in two flavours: Mass Connectors , who create a great number of impressions about brands and services in social networks, like Twitter and Facebook, and Mass Mavens , who create and share content about products and services in other social channels such as YouTube, blogs, forums, or ratings and review sites.
So do people really talk? • The average British consumer discusses around 10 brands per day • 81% of word of mouth takes place face-to-face, 10% is via phone, 9% is online (including e-mail, texting, and social networking sites) • Around two-thirds of conversations about brands are “mostly positive,” with more than one-third of WOM with an active recommendation to buy or try a brand/product • Food/dining and media/entertainment are the top two categories discussed by consumers. http://www.ipa.co.uk/content/IPA-endorses-first-UK-WOM-study
But where are these conversations taking place? 9% Online 91% Offline Source: Keller Fay Group 2011 TalkTrack® Britain study
A few things we seem to have forgotten…
A great customer experience will go the furthest
Your brand is how your customer experiences it
A happy customer is your greatest advocate
Recommendations are the most powerful form of marketing
It all comes down to trust…
“ Advertising is only effective if consumers trust the messages they see and hear” James Best, Chairman of CAP (Committees of Advertising Practice)
So what can we do as marketers to enhance word of mouth conversations?
Give people something that’s worth talking about
Provide tools that make it easier for people to share their opinions
Empower your customers and employees so they become your advocates
Establish two way communication channels
Listen to your customers then respond promptly and honestly
“ Social business isn’t a state, it’s an acknowledgement that culture and technology has changed , and that organizations can leverage these changes to solve the same business problems that they have always had and will always have” http://www.jmorganmarketing.com/evolving-into-a-social-business/
Social Media Vs Social Business http://www.fastcompany.com/1779375/move-over-social-media-here-comes-social-business
What came first???
Business as we know it is changing… http://www.flickr.com/photos/dionh/4322802524/
The shift towards social business http://www.slideshare.net/EdelmanEtc/smart-business-social-business-by-michael-brito
Social Business Case Study: IBM http://www.1000heads.com/2011/07/ibm-a-social-business-case-study/ http://www.vimeo.com/23061709
But what makes people talk?
Why do people talk? YOU Experienced great products, experiences and service Consumer experiences are the starting point of many brand conversations THEM Sharing knowledge and expertise empowers people The feeling of having ‘insider information’ is a great catalyst to conversation US Being part of a collective or group Driven by passion for a company, product or activity
Organic WOM is natural and occurs when happy customers have a natural desire to share their experiences of a product or service with others
Practices that enhance organic word of mouth activity include: * Focusing on customer satisfaction
* Improving product quality and usability
* Responding to concerns and criticism
* Opening a dialog and listening to people
* Earning customer loyalty
Organic vs Amplified Word of Mouth Marketing
Amplified WOM occurs when marketers launch campaigns designed to encourage or accelerate WOM in existing or new communities.
* Creating communities
* Developing tools that enable people to share their opinions
* Motivating advocates and evangelists to actively promote a product
* Giving advocates information that they can share
* Using advertising or publicity designed to create buzz or start a conversation
* Identifying and reaching out to influential individuals and communities
* Researching and tracking online conversations
Some Types of Word of Mouth Marketing Buzz Marketing Using high-profile entertainment or news to get people to talk about your brand http://womma.org/wom101/2/
Viral Marketing Creating entertaining or informative messages that are designed to be passed along in an exponential fashion, often electronically or by email. http://womma.org/wom101/2/ http://www.youtube.com/watch?v=qg1ckCkm8YI&feature=player_embedded
Community Marketing Forming or supporting niche communities that are likely to share interests about the brand - providing tools, content, and information to support those communities. http://womma.org/wom101/2/ http://www.facebook.com/Marmite
Product Seeding Placing the right product into the right hands at the right time, providing information or samples to influential individuals. http://womma.org/wom101/2/ http://www.youtube.com/watch?feature=player_embedded&v=jgxVsxbhYhs
Influencer Marketing Identifying key communities and opinion leaders who are likely to talk about products and have the ability to influence the opinions of others. http://womma.org/wom101/2/ http://www.youtube.com/watch?feature=player_embedded&v=0cpLps-DTUw# !
Conversation Creation Interesting or fun advertising, emails, catch phrases, entertainment, or promotions designed to start word of mouth activity. http://womma.org/wom101/2/ http://www.youtube.com/watch?feature=player_embedded&v=jIfV2OYpyJo
Brand Blogging Creating blogs and participating in the blogosphere, in the spirit of open, transparent communications; sharing information of value that the blog community may talk about. http://womma.org/wom101/2/
Referral Programs Creating tools that enable satisfied customers to refer their friends. http://womma.org/wom101/2/
Forrester POST Method http://forrester.typepad.com/groundswell/2007/12/the-post-method.html
Developing a WOM marketing plan
Focus on the 5 T’s says Andy Sernovitz ( http://wordofmouthbook.com )
Find people who will talk about you
Give people a reason to talk
Help the message spread faster and farther
4. Taking Part
Join the conversation
Measure and understand what people are saying
How does social media fit in with WOMM?
Back to the beginning… “ The increasing impact of Social Media and how it facilitates conversations between businesses and customers highlights the importance of Word of Mouth Marketing”
Back to the beginning… Social Media connects people and allows them to share their thoughts, opinions and media content Imagine if those thoughts, opinions and media content related to your brand Every time someone shares your content or mentions your brand, it acts as a personal recommendation for your product or service to their own network Now, that’s powerful…
Social Media describes a set of tools & platforms…
… NOT a phenomenon
Social Media Module on SlideShare http://www.slideshare.net/UCFadvertising