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SOCIAL INFLUENCE MARKETING AND THE BRAND-INFLUENCER-FAN CONNECTION




Julia Cantor, Engauge, Sr. Digital Publicist (@juliacantor)
Teresa Caro, Engauge, SVP, Social and Content Marketing (@teresacaro)




#enfluence
                                                                    ® 1999 THE LEGO GROUP TM AND ® INDICATE TRADEMARKS OF THE LEGO GROUP
ABOUT ENGAUGE

     •   A full-service agency
         for the social age.

     •   255 employees

     •   Columbus, Atlanta,
         Pittsburgh, Orlando and
         China




                                   #enfluence
2
WHAT WE DO


               Brand        Digital                 Rich and
            Planning &    Planning &    Email       Emerging
             Strategy      Strategy                Experiences




                                                   Innovation
              Social       Mobile      Analytics
                                                    Strategy




                             User
            Broadcast/
                          Experience                  Media
            Print/OOH/
                            & Web        CRM        Planning/
              DIrect/
                         Development                  Buying
             Packaging




                                                                 #enfluence
3
OUR PRESENTERS


            Julia Cantor, Senior Digital Publicist @juliacantor
            Engauge




            Teresa Caro, SVP, Social and Content Marketing @teresacaro
            Engauge



                                                                  #enfluence
4
Your brand isn’t what you say it is.
         It’s what they say it is.




                                           #enfluence
5
INFLUENCE MATTERS
    It only takes 10% of a population to convince the majority to adopt a belief. (RPI, 7/11)




                                                                              #enfluence
6
DEFINING SOCIAL INFLUENCE
    Brand evangelists spend 13% more than the average consumer and refer
    business equal to 45% of the money they spend. (Satmetrix)




                                                                    #enfluence
7
DEFINING SOCIAL INFLUENCE
    Finding those individuals and brand evangelists who can shape an audiences’
    awareness, actions and purchase decisions in a way that works for your brand.




                                                                       #enfluence
8
DEFINING SOCIAL INFLUENCE
    Finding those individuals and brand evangelists who can shape an audiences’
    awareness, actions and purchase decisions in a way that works for your brand.




                             Dakota’s Den http://dakotasden.wordpress.com
                                                                            #enfluence
9
DEFINING SOCIAL INFLUENCE
     Influence marketing is a land of richness, yet brands want a one-size-fits-
     all approach.




                                                                         #enfluence
10
THE AGENDA
     The Research Takeaways
       • Know the Four R’s
       • Understand the Influencer-Fan Relationship
       • Strive for Value Exchange
       • Know Your Influencer
     A Roadmap for Success




                                                     #enfluence
11
1.  KNOW THE FOUR R’S
     REACH, RELEVANCE, RESONANCE, RELATIONSHIPS




                                                  #enfluence
12
#1: REACH
     Choosing an influencer based solely upon reach is a missed opportunity at best,
     and a serious strategic misstep at worst.




                                                                         #enfluence
13
#2: RELEVANCE




       30        %
                   of influencers say the second most
                   important factor for considering a
                   relationship with a brand is the relevance of
                   the brand to their audience.




                                                       #enfluence
14
#3: RESONANCE

      Resonance and relevance are closely related. In fact, there can’t be
      resonance without relevance. Yet, while related, they are different.




          4        th most important factor among influencers for
                      considering a relationship with a brand is
                      social responsibility or other beliefs and
                      positions of the brand aligning with their own.




                                                                         #enfluence
15
INFLUENCERS’ PERSPECTIVE




16                              #enfluence
#4: RELATIONSHIP




                        39% of influencers have had a
                        bad experience with a brand,
                        primarily because the brand
                        didn’t follow through with the
                        deal they made (33%), or
                        because they were bad at
                        communicating (23.5%)


                                             #enfluence
17
TAKEAWAY
     FOUR R’S.


     • Social Influence Marketing is not one-size-fits all.
     • A true understanding and assessment of a social influencer requires
      you to take the time to do your homework.




                                                                   #enfluence
18
2.  UNDERSTAND THE INFLUENCER-
     FAN RELATIONSHIP
     REWARDS. RELIABILITY. RAPPORT.




                                      #enfluence
19
INFLUENCER-FAN RELATIONSHIP




              Our success is dependent on an
             influencer’s audience satisfaction




                                                 #enfluence
20
INFLUENCER-FAN RELATIONSHIP




                                   #enfluence
21
INFLUENCER-FAN RELATIONSHIP




                                   #enfluence
21
INFLUENCER-FAN RELATIONSHIP




     92        % of influencers said giveaways are either
                 important or very important.




               3        % of fans say giveaways have any
                           influence on them




                                                           #enfluence
22
TAKEAWAY
     INFLUENCER-FAN RELATIONSHIP.



     • Remember, an influencer’s success
      relies on their audience                    73
                                                   % of fans have purchased a
                                                       product based on an
                                                       influencer’s recommendation




                                                  38
     • Give the audience reliable information
                                                   % of fans we surveyed have
                                                       been disappointed by
     • Ensure brand information feels authentic        recommendation




                                                                 #enfluence
23
3.  STRIVE FOR A ROBUST AND WELL-
     ROUNDED VALUE EXCHANGE
     MOVING BEYOND MONEY.




                             #enfluence
24
STRIVE FOR VALUE EXCHANGE




25                               #enfluence
STRIVE FOR VALUE EXCHANGE




                                 #enfluence
26
STRIVE FOR VALUE EXCHANGE




                                 #enfluence
27
TAKEAWAY
     STRIVE FOR VALUE EXCHANGE.



     • You get what you pay for
     • Don’t assume payment is always monetary
     • Ensure it makes good business sense




                                                 #enfluence
28
4.  EXTEND YOUR REACH BEYOND
     THE BLOG
     KNOW YOUR INFLUENCER AND HOW THEY TICK.




                                               #enfluence
29
EXTEND REACH BEYOND THE BLOG
     Bloggers aren’t just bloggers anymore... They are content marketers




                                                               #enfluence
30
TAKEAWAY
     WHAT WE CAN LEARN FROM INFLUENCERS.


     • Amplify: Use multiple social channels to extend reach, for convenience, to syndicate content
     • Engage: Speak in short form more frequently and to interact with audience on a daily basis
     • Show Value: Have a blend of original and curated content
     • Integrate and Optimize: Share, re-share and interact with followers while linking them back
      to blogs where followers can take a deeper dive into content




                                                                                     #enfluence
31
THE SOCIAL INFLUENCE MARKETING ROADMAP
                          STEPPING STONES FOR SUCCESSFUL CAMPAIGNS




                                                         #enfluence
  32
1.
     DEFINE GOALS & SET BENCHMARKS
      • Business Goals, Objectives
      • Strategy
      • Tactics
      • KPIs




                   2.
                        IDENTIFY YOUR AUDIENCE
                          • Organic Search
                          • Social Influence Identification Tools
                          • Influencer Networks
                          • Influencer Self-Identification
                          • Customer Databases
                                                           #enfluence
33
3.   ASSESS INFLUENCER QUALITY
     •
     •
     •
         Reach
         Relevance
         Resonance




               4.
     •   Relationship

                        PROFILE YOUR AUDIENCE
                        Inspire Action=Value Exchange
                        Use what you’ve learned to
                        determine compensation. How
                        are they most motivated.
                                                   #enfluence
34
DEVELOP RELATIONSHIPS



         5.
                                              LONG TERM
                                             RELATIONSHIP

                                         E
                                 F
                                O R   TIM
                               T E
                              N V
                             U O
                            O Y
                          M C
                        A A
                           C
                        V O
                     AD


          NEW
35
      RELATIONSHIP                                   #enfluence
DEVELOP RELATIONSHIPS




      6.   DETERMINE SUCCESS
            • Refer to your business objectives and
              benchmarks. How did it measure up?
              What could be done differently?
            • Don’t expect approach to remain the
              same — influence marketing is changing
              and evolving.


                                                      #enfluence
36
QUESTIONS?
                                                Julia Cantor: @juliacantor
                                                Teresa Caro: @teresacaro




© 2013 ENGAUGE. ALL RIGHTS RESERVED.
® 1999 THE LEGO GROUP TM AND ® INDICATE TRADEMARKS OF THE LEGO GROUP         #enfluence

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Engauge Enfluence - A Study On Social Influence Marketing (Columbus)

  • 1. SOCIAL INFLUENCE MARKETING AND THE BRAND-INFLUENCER-FAN CONNECTION Julia Cantor, Engauge, Sr. Digital Publicist (@juliacantor) Teresa Caro, Engauge, SVP, Social and Content Marketing (@teresacaro) #enfluence ® 1999 THE LEGO GROUP TM AND ® INDICATE TRADEMARKS OF THE LEGO GROUP
  • 2. ABOUT ENGAUGE • A full-service agency for the social age. • 255 employees • Columbus, Atlanta, Pittsburgh, Orlando and China #enfluence 2
  • 3. WHAT WE DO Brand Digital Rich and Planning & Planning & Email Emerging Strategy Strategy Experiences Innovation Social Mobile Analytics Strategy User Broadcast/ Experience Media Print/OOH/ & Web CRM Planning/ DIrect/ Development Buying Packaging #enfluence 3
  • 4. OUR PRESENTERS Julia Cantor, Senior Digital Publicist @juliacantor Engauge Teresa Caro, SVP, Social and Content Marketing @teresacaro Engauge #enfluence 4
  • 5. Your brand isn’t what you say it is. It’s what they say it is. #enfluence 5
  • 6. INFLUENCE MATTERS It only takes 10% of a population to convince the majority to adopt a belief. (RPI, 7/11) #enfluence 6
  • 7. DEFINING SOCIAL INFLUENCE Brand evangelists spend 13% more than the average consumer and refer business equal to 45% of the money they spend. (Satmetrix) #enfluence 7
  • 8. DEFINING SOCIAL INFLUENCE Finding those individuals and brand evangelists who can shape an audiences’ awareness, actions and purchase decisions in a way that works for your brand. #enfluence 8
  • 9. DEFINING SOCIAL INFLUENCE Finding those individuals and brand evangelists who can shape an audiences’ awareness, actions and purchase decisions in a way that works for your brand. Dakota’s Den http://dakotasden.wordpress.com #enfluence 9
  • 10. DEFINING SOCIAL INFLUENCE Influence marketing is a land of richness, yet brands want a one-size-fits- all approach. #enfluence 10
  • 11. THE AGENDA The Research Takeaways • Know the Four R’s • Understand the Influencer-Fan Relationship • Strive for Value Exchange • Know Your Influencer A Roadmap for Success #enfluence 11
  • 12. 1. KNOW THE FOUR R’S REACH, RELEVANCE, RESONANCE, RELATIONSHIPS #enfluence 12
  • 13. #1: REACH Choosing an influencer based solely upon reach is a missed opportunity at best, and a serious strategic misstep at worst. #enfluence 13
  • 14. #2: RELEVANCE 30 % of influencers say the second most important factor for considering a relationship with a brand is the relevance of the brand to their audience. #enfluence 14
  • 15. #3: RESONANCE Resonance and relevance are closely related. In fact, there can’t be resonance without relevance. Yet, while related, they are different. 4 th most important factor among influencers for considering a relationship with a brand is social responsibility or other beliefs and positions of the brand aligning with their own. #enfluence 15
  • 17. #4: RELATIONSHIP 39% of influencers have had a bad experience with a brand, primarily because the brand didn’t follow through with the deal they made (33%), or because they were bad at communicating (23.5%) #enfluence 17
  • 18. TAKEAWAY FOUR R’S. • Social Influence Marketing is not one-size-fits all. • A true understanding and assessment of a social influencer requires you to take the time to do your homework. #enfluence 18
  • 19. 2. UNDERSTAND THE INFLUENCER- FAN RELATIONSHIP REWARDS. RELIABILITY. RAPPORT. #enfluence 19
  • 20. INFLUENCER-FAN RELATIONSHIP Our success is dependent on an influencer’s audience satisfaction #enfluence 20
  • 21. INFLUENCER-FAN RELATIONSHIP #enfluence 21
  • 22. INFLUENCER-FAN RELATIONSHIP #enfluence 21
  • 23. INFLUENCER-FAN RELATIONSHIP 92 % of influencers said giveaways are either important or very important. 3 % of fans say giveaways have any influence on them #enfluence 22
  • 24. TAKEAWAY INFLUENCER-FAN RELATIONSHIP. • Remember, an influencer’s success relies on their audience 73 % of fans have purchased a product based on an influencer’s recommendation 38 • Give the audience reliable information % of fans we surveyed have been disappointed by • Ensure brand information feels authentic recommendation #enfluence 23
  • 25. 3. STRIVE FOR A ROBUST AND WELL- ROUNDED VALUE EXCHANGE MOVING BEYOND MONEY. #enfluence 24
  • 26. STRIVE FOR VALUE EXCHANGE 25 #enfluence
  • 27. STRIVE FOR VALUE EXCHANGE #enfluence 26
  • 28. STRIVE FOR VALUE EXCHANGE #enfluence 27
  • 29. TAKEAWAY STRIVE FOR VALUE EXCHANGE. • You get what you pay for • Don’t assume payment is always monetary • Ensure it makes good business sense #enfluence 28
  • 30. 4. EXTEND YOUR REACH BEYOND THE BLOG KNOW YOUR INFLUENCER AND HOW THEY TICK. #enfluence 29
  • 31. EXTEND REACH BEYOND THE BLOG Bloggers aren’t just bloggers anymore... They are content marketers #enfluence 30
  • 32. TAKEAWAY WHAT WE CAN LEARN FROM INFLUENCERS. • Amplify: Use multiple social channels to extend reach, for convenience, to syndicate content • Engage: Speak in short form more frequently and to interact with audience on a daily basis • Show Value: Have a blend of original and curated content • Integrate and Optimize: Share, re-share and interact with followers while linking them back to blogs where followers can take a deeper dive into content #enfluence 31
  • 33. THE SOCIAL INFLUENCE MARKETING ROADMAP STEPPING STONES FOR SUCCESSFUL CAMPAIGNS #enfluence 32
  • 34. 1. DEFINE GOALS & SET BENCHMARKS • Business Goals, Objectives • Strategy • Tactics • KPIs 2. IDENTIFY YOUR AUDIENCE • Organic Search • Social Influence Identification Tools • Influencer Networks • Influencer Self-Identification • Customer Databases #enfluence 33
  • 35. 3. ASSESS INFLUENCER QUALITY • • • Reach Relevance Resonance 4. • Relationship PROFILE YOUR AUDIENCE Inspire Action=Value Exchange Use what you’ve learned to determine compensation. How are they most motivated. #enfluence 34
  • 36. DEVELOP RELATIONSHIPS 5. LONG TERM RELATIONSHIP E F O R TIM T E N V U O O Y M C A A C V O AD NEW 35 RELATIONSHIP #enfluence
  • 37. DEVELOP RELATIONSHIPS 6. DETERMINE SUCCESS • Refer to your business objectives and benchmarks. How did it measure up? What could be done differently? • Don’t expect approach to remain the same — influence marketing is changing and evolving. #enfluence 36
  • 38. QUESTIONS? Julia Cantor: @juliacantor Teresa Caro: @teresacaro © 2013 ENGAUGE. ALL RIGHTS RESERVED. ® 1999 THE LEGO GROUP TM AND ® INDICATE TRADEMARKS OF THE LEGO GROUP #enfluence