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
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