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Secrets of Your
Social Marketing Strategy
Erin Defosse, Director of Product Strategy
Bazaarvoice
Sources: eMarketer, February 2009; Forrester, March 2010; Silicon Alley Insider, 2010; Channel Advisor, August 2010.
1995 - 500 million digital consumers
2010 - 3 billion connected digital consumers
By 2014, 53% of total retail sales will be affected by the
Web (online and Web-influenced), as consumers
increasingly use the Internet to research products before
purchasing
US Web Users spend more time on Facebook than any
other site, including Google - 3 years ago it didn’t register
in the top 10
83% of all holiday shoppers are influenced by customer
reviews
The social explosion
Join the conversation
“These conversations are going to occur
whether you like it or not. Do you want to be
part of that or not? My argument is you
absolutely do.
You can be a better company by listening
and being involved in that conversation.”
Michael Dell,
BusinessWeek, Oct. 2007
Begin with the end in mind
Customer reviews drive results
Source: "Even if there is no alternative, reviews drive conversion," Bazaarvoice case study August 2007
Reviews = more satisfied customers
Source: Bazaarvoice case study
NO
REVIEWS
WITH
REVIEWS
25+
REVIEWS
20%
LOWER
RETURN
RATES
45%
LOWER
RETURN
RATES
Customer Q&A drives results
Source: Bazaarvoice case study, August 2008
CONVERSION RATE 72%
ORDERS/SESSION 100%
PAGE VIEWS 90%
Customer insights fuel credible
marketing
Email
Banner Ads
Catalog
Receipts
Box StuffersCirculars
In-Store Ad
Social Networks50% higher click through rates on
emails that feature customer review
content!
UGC improves business
OTC worked with manufacturer
to improve product quality
OTC communicates in-line to
update consumers about
product improvements
71% would recommend it to a
friend
Reviews drive operational decisions
Drive change across the
organization with your
customers help
» Popular and pricey table was
commented as being “too soft”
» The Land of Nod modified the
table and sent free
replacements to reviewers
» Built stronger customer
relationships and created a
word-of-mouth event
Source: Bazaarvoice case study
Drive UGC beyond your site
Social Trends to Watch
UGC is going mobile
Reviews, Q&A, and Transactions
Social Merchandising
Summary
•  The social web is exploding
•  UGC is a proven and measurable driver to
achieve business results
•  The social web, mobile, and social
merchandising are areas to watch
•  Start with the goal in mind and focus on
measurable programs that tie Social and
Commerce together
Thank you
Erin Defosse, Director of Product Strategy
Bazaarvoice
Erin.Defosse@bazaarvoice.com

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Social Marketing Strategy Secrets

  • 1. Secrets of Your Social Marketing Strategy Erin Defosse, Director of Product Strategy Bazaarvoice
  • 2. Sources: eMarketer, February 2009; Forrester, March 2010; Silicon Alley Insider, 2010; Channel Advisor, August 2010. 1995 - 500 million digital consumers 2010 - 3 billion connected digital consumers By 2014, 53% of total retail sales will be affected by the Web (online and Web-influenced), as consumers increasingly use the Internet to research products before purchasing US Web Users spend more time on Facebook than any other site, including Google - 3 years ago it didn’t register in the top 10 83% of all holiday shoppers are influenced by customer reviews The social explosion
  • 3. Join the conversation “These conversations are going to occur whether you like it or not. Do you want to be part of that or not? My argument is you absolutely do. You can be a better company by listening and being involved in that conversation.” Michael Dell, BusinessWeek, Oct. 2007
  • 4. Begin with the end in mind
  • 5. Customer reviews drive results Source: "Even if there is no alternative, reviews drive conversion," Bazaarvoice case study August 2007
  • 6. Reviews = more satisfied customers Source: Bazaarvoice case study NO REVIEWS WITH REVIEWS 25+ REVIEWS 20% LOWER RETURN RATES 45% LOWER RETURN RATES
  • 7. Customer Q&A drives results Source: Bazaarvoice case study, August 2008 CONVERSION RATE 72% ORDERS/SESSION 100% PAGE VIEWS 90%
  • 8. Customer insights fuel credible marketing Email Banner Ads Catalog Receipts Box StuffersCirculars In-Store Ad Social Networks50% higher click through rates on emails that feature customer review content!
  • 9. UGC improves business OTC worked with manufacturer to improve product quality OTC communicates in-line to update consumers about product improvements 71% would recommend it to a friend
  • 10. Reviews drive operational decisions Drive change across the organization with your customers help » Popular and pricey table was commented as being “too soft” » The Land of Nod modified the table and sent free replacements to reviewers » Built stronger customer relationships and created a word-of-mouth event Source: Bazaarvoice case study
  • 11. Drive UGC beyond your site
  • 13. UGC is going mobile
  • 14. Reviews, Q&A, and Transactions
  • 16. Summary •  The social web is exploding •  UGC is a proven and measurable driver to achieve business results •  The social web, mobile, and social merchandising are areas to watch •  Start with the goal in mind and focus on measurable programs that tie Social and Commerce together
  • 17. Thank you Erin Defosse, Director of Product Strategy Bazaarvoice Erin.Defosse@bazaarvoice.com