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New Frameworks for Marketing
in the Digital Economy
Marketing Management: MGMT 361
Instructor: Theofanis Varvoglis
Student: Liana Ghalumyan
THE EVOLUTION OF THE CUSTONER PATH
AIDA:
 Attention
 Interest
 Desire
 Action
Four A’s:
 Aware
 Attitude
 Act
 Act again
Five A’s:
 Aware
 Appeal
 Ask
 Act
 Advocate
The rise of social influence
Loyalty as the willingness to advocate a brand
Ask and advocate relationships
01
02
03
Reasons for the New 5 A’s Customer Path Shaped
by Connectivity
FLUCTUATIONS DURING 5 A’s CUSTOMER PATH
 Customers might skip a certain phase along the customer path
 The new customer path might be a spiral
 Spent time variance depending on the industry
 The level of customers’ experience
DRIVING FROM AWARENESS TO ADVOCACY:
THE ZONE O (O3)
Marketing Communication ActivitiesMarketing Community ActivitiesPost Purchase Customer Experience
THE O ZONE ACROSS THE CUSTOMER PATH
MARKETING PRODUCTIVITY METRICS
The level of consumer consciousness of a company
Awareness
Emphasizes getting existing customers to talk
about the company and its product
Advocacy
Measures how well companies “convert” brand
awareness into brand purchase
Purchase Action Ratio (PAR)
01
02
03
Measures how well companies “convert” brand
awareness into brand advocacy
Brand Advocacy Ratio (BAR)
04
4 Potential Bottlenecks Occurred Across The 5 A’s
Low Commitment Level
Low Affinity Level
Low Attraction Level
Too Low or Too High
Curiosity Level
Add Contents Title
The result of low conversion rate from ask to act
The result of low conversion rate from act to advocate
The result of low conversion rate from aware to appeal
The result of poor conversion from appeal to ask
CUSTOMERS’ CONVERSATION
Not costly way to increase the level
of awareness. The risk is the
uncontrollable direction of the
conversation’s content
Strategies to Overcome 4 Potential Barriers
Occurred Across 5 A’s
Increase Attraction
Optimize Curiosity
Increase Commitment
Increase Affinity
Some Ways to Increase Attraction
Human-centric
brands
Social and
Environmental Values
Lifestyle Brands
Personalized
Products and
Services
Optimize Curiosity
INCREASE COMMITMENT
 Channel Availability
 Ability to deliver superior experience
Customer Service Interfaces
Social-Media Interactions
Gamification
01
02
03
Customer Engagement Programs for the Affinity Growth
Thank You For Your Attention!
Any Questions?

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Liana Ghalumyan_Marketing Presentation

  • 1. New Frameworks for Marketing in the Digital Economy Marketing Management: MGMT 361 Instructor: Theofanis Varvoglis Student: Liana Ghalumyan
  • 2. THE EVOLUTION OF THE CUSTONER PATH AIDA:  Attention  Interest  Desire  Action Four A’s:  Aware  Attitude  Act  Act again Five A’s:  Aware  Appeal  Ask  Act  Advocate
  • 3. The rise of social influence Loyalty as the willingness to advocate a brand Ask and advocate relationships 01 02 03 Reasons for the New 5 A’s Customer Path Shaped by Connectivity
  • 4. FLUCTUATIONS DURING 5 A’s CUSTOMER PATH  Customers might skip a certain phase along the customer path  The new customer path might be a spiral  Spent time variance depending on the industry  The level of customers’ experience
  • 5. DRIVING FROM AWARENESS TO ADVOCACY: THE ZONE O (O3) Marketing Communication ActivitiesMarketing Community ActivitiesPost Purchase Customer Experience
  • 6. THE O ZONE ACROSS THE CUSTOMER PATH
  • 7. MARKETING PRODUCTIVITY METRICS The level of consumer consciousness of a company Awareness Emphasizes getting existing customers to talk about the company and its product Advocacy Measures how well companies “convert” brand awareness into brand purchase Purchase Action Ratio (PAR) 01 02 03 Measures how well companies “convert” brand awareness into brand advocacy Brand Advocacy Ratio (BAR) 04
  • 8. 4 Potential Bottlenecks Occurred Across The 5 A’s Low Commitment Level Low Affinity Level Low Attraction Level Too Low or Too High Curiosity Level Add Contents Title The result of low conversion rate from ask to act The result of low conversion rate from act to advocate The result of low conversion rate from aware to appeal The result of poor conversion from appeal to ask
  • 9. CUSTOMERS’ CONVERSATION Not costly way to increase the level of awareness. The risk is the uncontrollable direction of the conversation’s content
  • 10. Strategies to Overcome 4 Potential Barriers Occurred Across 5 A’s Increase Attraction Optimize Curiosity Increase Commitment Increase Affinity
  • 11. Some Ways to Increase Attraction Human-centric brands Social and Environmental Values Lifestyle Brands Personalized Products and Services
  • 13. INCREASE COMMITMENT  Channel Availability  Ability to deliver superior experience
  • 14. Customer Service Interfaces Social-Media Interactions Gamification 01 02 03 Customer Engagement Programs for the Affinity Growth
  • 15. Thank You For Your Attention! Any Questions?