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10 things to make you think
FUTURE LAB We are Futurelab
WE ARE FUTURE LAB ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],FUTURE LAB
A flexible boutique: 2 partners – 3 support staff – 7 associates – 28 specialists/contributors  Athens – Barcelona - Brussels – (Bucharest ) – Johannesburg –  Hamburg – Moscow – Kiev - Munich - Shanghai Priviliged Relationships Futurelab Structure
Welcome to the Bolshoi FUTURE LAB
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Can  you Make the Light Shine on Your Product? WHY BOTHER? Source: G2 Shopper Marketing Survey, April 2008 FUTURE LAB
Crisis
Especially Now Times are Tough. WHY BOTHER? Consumer Behaviours During a Recession Changes Source: OgilvyOne, October 2008 Delay Purchases Plan Ahead Service & Rewards Social Circling Save & Splurge Deal Seeking FUTURE LAB
FUTURE LAB  RESEARCH Case Study: the US market In the last years, US consumers spent approximatively US $1 trillion on food, or almost 10% of the GDP. 1   The pie chart above describes the consumers’ reactions to the current economic situation. With food prices going up (see previous slide), brands are now facing a harsh truth: customers are disloyal.
FUTURE LAB  RESEARCH Case Study: the US market At the same time, consumer expectations have gone up, as shown in the above Accenture study. Compared to five years ago, 44% of US consumers surveyed have declared that they have higher customer service expectations. 23% have declared that their expectations have gone up since the last year. Furthermore, only 3% of consumers worldwide say that their CS expectations are always met.
FUTURE LAB  RESEARCH Case Study: the US market With the advent of new media and the ever-increasing awareness channels, US consumers now have increasingly higher expectations, with the CPG sector making no exception. Companies are now finding that issues such as sustainability, wellness and transparency are coming up more and more often. At the same time, the proven lack of effectiveness of traditional marketing methods is raising the stakes even higher. And, to top it all off, studies show that, even though companies are gathering huge amount of data about their customers, only a select few know how to interpret it properly.
Unlimited Choice
[object Object],[object Object],8 % of their customers agree  (Bain & Company) FUTURE LAB
How to make that light shine on you?
Your customers are  not a database –  and not a statistic
TRADITIONAL SEGMENTATION “ Look at the numbers” Elsa (Female/urban/mid-income) CASE STUDY: 25-30 year olds 25 29
[object Object],INSIGHT Understand the emotional needs of your customers
Most Marketers Don’t  Really  Know ... CHALLENGES/OPPORTUNITIES QUESTION WHEN DID YOU LAST “SPEAK” TO A SHOPPER?  WORK IN A STORE? P & G employees will need to get out of the office and talk with customers.  India Everyone should do every job in the store at least once in his career.  FUTURE LAB
Insights into Ideas The Greek Consumer
FUTURE LAB  RESEARCH Issues and challenges : lack of insight Retailers focus mainly on collecting and tracking data about “purchasing behaviors,” “geographics,” and “demographics.” All in all, Most food retailers know the “what” of their customers—what they buy, purchasing frequency, etc. But few know the  “why” .
10 things to make you think
10 Insights to make you think –  10 Questions to ask yourself
[object Object]
76% of consumers don’t believe that companies tell the truth in advertisements Yankelowich,2006
Transparency ,[object Object],Transparency?
FUTURE LAB  RESEARCH I&C: Transparency Transparency? You are being watched….
FUTURE LAB SAB Miller:  making a difference through beer Page  12   Our key priorities Discouraging irresponsible drinking Making more beer but using less water Reducing our energy and carbon footprint Packaging, reuse and recycling Working towards zero-waste operations Building supply chains that reflect our own values and commitment Benefiting communities Contributing to the reduction of HIV/Aids Respecting human rights Transparency in reporting our progress Source :  http://www.sabmiller.com/NR/rdonlyres/B5B9E625-8661-47E4-9EB3-783C2D977036/0/SABMiller_SDR_2008.pdf  FUTURELAB COMMENT Sustainability, CSR – do good and tell about it, in very straight forward ways. The ‘we employed this many people, and paid this much in taxes, etc” works well. Dont fall into the PR trap, but tell people what you do, and why you do it.  CSR
Transparency It doesn’t have to be complicated….
Are your campaigns truthful? Does the brand experience  match the promise? At every touchpoint?
Question: How transparent are we in dealing with out customers?
[object Object]
Local Food Authenticity
Authenticity Your own private sheep…
Dole Traceability Authenticity
Crop to Cup Traceability Authenticity
De Kas As authentic as it gets – self grown food restaurant Authenticity
FUTURE LAB Brewtopia - Custom branded beverages  Page  28 Since 2002, we've dedicated our tiny minds to customising Beer, Water & Wines online  You can now even create your own labels for delivery Worldwide We have no minimum order, no setup charges and 100% money back guarantee on all products. Source :  http://www.blowfly.com.au/ FUTURELAB COMMENT How about doing this yourself (in cooperation with a small printer with an entrepreneurial mindset)? Customised labels for parties, at an affordable price. Which 18-year old wouldnt love to have his personal bottles at his graduation or birthday party? How collectable would that make the bottles? A great tool for engagement, collectability, and straight forward sales improvement.  Customization
Question: How authentic  are we ?
“ The consumerism here is horrible – too many products, too much waste….”
Reduce waste and over-abundance 100 Calorie Packs
FUTURE LAB  RESEARCH Future trends Reduce waste and over-abundance Mini-packs
100 Calorie Packs
The ultimate give-away?
Show that you (really) care
FUTURE LAB  RESEARCH Future trends Functional food brand for pregnant women A French company has developed a new line of food products for pregnant women. Dubbed  Luna , the range consists of eight products made with organic ingredients, all aimed at ensuring women get the nutrients they need for a healthy pregnancy.  Included are honey & sesame biscuits that are rich in iron, calcium, magnesium, phosphorus and fibre; and a herbal infusion that promotes healthy circulation.
FUTURE LAB  RESEARCH Future trends Organic fast food - OBurger in Los Angeles Los Angeles-based OBurger is out to show consumers that organic, healthy fast food can be just as convenient as more calorie-clogging fast food options.  The 100% organic menu is equally dedicated to the organic and sustainable cause. Besides that, the logistics alone at OBurger are an impressive feat in restaurant innovation. They use non-toxic cleaning supplies and packaging that is recyclable, compostable or biodegradable.
Question: How can we (im)prove our green credentials?
“ I want you to really listen to me, understand me, engage with me”
Engage in the conversation – Buzz, WoM ,[object Object],[object Object]
FUTURE LAB A person like yourself or a peer Edelman Trust Barometer 2006 When forming an opinion of a company, how credible would the information be from … People Still Trust Humans % Academic 62 Doctor or similar 62 Person like yourself/peer 61 Financial Analyst 58 NGO Rep 58 Accountant  53 Lawyer 36 Regular employee 33 CEO 29 Union 19 Entertainer 17 PR person 16 Blogger 15
Cosmetic concerns
‘ Help us choose’ Start Listening
Listen in – and engage in the conversation!
Engage in the conversation!
Check yourself out regularly
And listen for the nasty bits….
And listen for the nasty bits….
Open your eyes FUTURE LAB
FUTURE LAB  RESEARCH Future trends Wine tastings via Twitter Bin Ends , which was started up earlier this year, is now gearing up for its second  Twitter Taste Live , which will be held this Thursday—the first one was in July. The project aims to give wine enthusiasts around the globe a chance to join the world's top wine personalities online for tastings via the popular social networking tool Twitter.
Question: Are we having a conversation?
Find your existing communities
1 year: 100.000 registered customers   Now: 2,800,000 registered customers  Enable your community Quickbooks – the best example
Provide them with the right tools
FUTURE LAB  RESEARCH Trends: Biocitizens “ Biocitizens” are people who join social networks (online or in person) based   on shared health interests. They organize around disease management or   chronic conditions; wellness practices like exercise, parenting, or aging;   or environmental health concerns. These new collectives are generating,   collecting, and sharing information, and they are becoming authorities in their   own right. Their influence on the marketplace is increasing: As shoppers, we   consult these social networks about healthy purchasing decisions ranging from   food to deodorants to cleaning products; as consumers, we leverage them to   demand a voice—not just a choice—in the products we are offered. Food retailers   need to be aware of the networks operating around them, and alert to opportunities   that help shoppers connect to each other.
FUTURE LAB  RESEARCH Trends: Biocitizens
FUTURE LAB  RESEARCH Trends: Biocitizens
FUTURE LAB  RESEARCH Trends: Biocitizens
FUTURE LAB  RESEARCH Trends: Biocitizens
A community site for every café?
The largest virtual world on the planet in less than a year April 2007: beta launch June 2007: 3,000,000 users July 2008: 15,000,000 users The ultimate community connect
Facebook connect – recycle the community
Question: Are we f ish ing  where the fish are ?
“ It’s all about my parea”
Empower the Tribal Leaders
Let them do your work
Create a movement
FUTURE LAB BeerBankroll   Others are taking the idea of crowdsouring a step further. Including US based brewery called  BeerBankroll , who are experimenting with involving the community to fund and manage their company.   How do they do it?   The first step is the  Crowdfunding .  Beerbankroll  are recruiting members (50,000 to start with), who will contribute $US 50 to get the project up and running.   Once  BeerBankroll  has raised $100,000, the  Crowdmanaging  kicks in. The  BeerBankroll  community will then be involved in actively running the business. Members can submit product ideas and vote on management decisions. They can have a say in everything from the brand name, company logo, product design, product mix, marketing plan, advertising and sponsorship.   The company profits are then divided by three: One third is paid to members. One third goes back to the company. One third goes to charity.   If the experiment works, BeerBankroll will have an army of 50,000 beer drinking brand evangelists to help them spread the word. Source :  http://digitaljury.wordpress.com/2008/07/03/crowdsourcing-for-beer/ FUTURELAB COMMENT We see more and more of these crowd-finance projects – from movies to footballclubs, to, indeed, micro-breweries.  While this of course does not work for your direct businessmodel, how about applying these principles to social projects? A joint undertaking by all Amstel drinkers of Greece to raise E250.000 for a social business in Botswana, that then will be managed jointly? An endless stream of PR and engagement with the consumers, and unleashing an army of promoters onto the market.  Crowd Finance
Question: Do I know what ‘tribes’ I can connect to?
“ I just love your products – and I would love to become involved. I actually have some good ideas!”
Let them improve your products
Let them build their own
Let them promote them
Or even innovate for you
Or even innovate for you
Finally, let them create your advertising
Finally, let them create your advertising
Question: Do we involve our fans enough?
“ None of my staff I can really trust – what if I get sick? Who runs the company?”
What could you do? Create a support mechanism.  Re-engage the wisdom of the retired
 
Question: Do we understand the human issues of our channel partners?
And finally…the most important question of all!
WHY FUTURE LAB
FUTURE LAB “ Today's marketing model is broken. We're applying  antiquated thinking  and work systems to a new world of possibilities." Jim Stengel, Global Marketing Officer P&G
Advertising Myths 1. Frequency is not a driver for action 2. There is no golden rule about OTS
[object Object],[object Object],[object Object]
 
Media Consumption Europe – 2006 % of total media consumption time Share of total adspend by medium (global) % 2008 forecast (March 2008) What’s wrong with these numbers?
Most influential information sources in purchasing electronic goods? (TOP 3) CMO Council’s Retail Fluency Report, 2005 FUTURE LAB Even more wrong…. Share of total adspend by medium (global) % 2008 forecast (March 2008) Newspaper Coupons 25 Internet 21 Product/Company Information 16 Retailer information 14 Other 14 Magazines 4 TV 4 Radio 3 Source % In-store Sales Associate 49 In-store demonstration 36 Word-of-mouth from family & friends 33
More wrong numbers
How about this for budget efficiency? £300 vs £40MM
Spend my budget on WHAT!?
Get a fresh perspective on your budget ,[object Object],Invest in the call centre Simplify the form....
WHY?
And most importantly – focus on word of mouth – because Humans trust humans
% of people that are more likely to believe what they see, read or hear about a company if someone they know has already mentioned it. Source: Edelman Trust Barometer 2008 ,[object Object],[object Object],[object Object],RECOMMENDATIONS MATTER The Power of Recommendation
The Power of Recommendation Word-of-mouth is 7x more effective than newspaper advertising, 5x stronger than a personal sales pitch and 2x as effective as radio advertising Marketing Science Institute, 2006 1967 1983 2001 2007 1955 This is not exactly news....
Extremely unlikely Extremely likely NPS™= (Promoters-Detractors)/Total DETRACTORS PROMOTERS PASSIVES Net Promoter Score ™ is a registered trademark of Bain & Company, Satmetrix and Fred Reichheld HOW LIKELY ARE YOU TO RECOMMEND? The Power of Recommendation 0 1 2 3 4 5 6 7 8 9 10
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Net Promoter Score ™ is a registered trademark of Bain & Company, Satmetrix and Fred Reichheld The Power of Recommendation
This works for almost every industry The Power of Recommendation
Brands that built themselves with little or no traditional “advertising” Most advertising agencies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Or on a more modest level = the media value of your POP materials can be very high It is also measurable ® ® ® ® And something completely different:Retail as a Medium
No, it’s not...
[object Object],[object Object],[object Object],[object Object],[object Object]
Who will be the First Penguin? Where ARE the orcas?
Download an extended version of this presentation and a digital handout at: Futurelab.net/FB Read more on our blog at: Blog.futurelab.net
The Element of Surprise
If you want to know more about how to find true insights in the emotional needs of your target audience, and how to turn these into winning propositions and profit opportunities, give us a buzz Helena Chari [email_address] +30 210 72 60 600 www.tns-global.com TNS ICAP Futurelab Greece FUTURE LAB Futurelab Milton Papadakis [email_address]   +30 210 72 60 600 www.futurelab.net   Stefan Kolle [email_address]   +32 473 888 996 www.futurelab.net   About Futurelab

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10 things to make you think

  • 1. 10 things to make you think
  • 2. FUTURE LAB We are Futurelab
  • 3.
  • 4. A flexible boutique: 2 partners – 3 support staff – 7 associates – 28 specialists/contributors Athens – Barcelona - Brussels – (Bucharest ) – Johannesburg – Hamburg – Moscow – Kiev - Munich - Shanghai Priviliged Relationships Futurelab Structure
  • 5. Welcome to the Bolshoi FUTURE LAB
  • 6.
  • 8. Especially Now Times are Tough. WHY BOTHER? Consumer Behaviours During a Recession Changes Source: OgilvyOne, October 2008 Delay Purchases Plan Ahead Service & Rewards Social Circling Save & Splurge Deal Seeking FUTURE LAB
  • 9. FUTURE LAB RESEARCH Case Study: the US market In the last years, US consumers spent approximatively US $1 trillion on food, or almost 10% of the GDP. 1 The pie chart above describes the consumers’ reactions to the current economic situation. With food prices going up (see previous slide), brands are now facing a harsh truth: customers are disloyal.
  • 10. FUTURE LAB RESEARCH Case Study: the US market At the same time, consumer expectations have gone up, as shown in the above Accenture study. Compared to five years ago, 44% of US consumers surveyed have declared that they have higher customer service expectations. 23% have declared that their expectations have gone up since the last year. Furthermore, only 3% of consumers worldwide say that their CS expectations are always met.
  • 11. FUTURE LAB RESEARCH Case Study: the US market With the advent of new media and the ever-increasing awareness channels, US consumers now have increasingly higher expectations, with the CPG sector making no exception. Companies are now finding that issues such as sustainability, wellness and transparency are coming up more and more often. At the same time, the proven lack of effectiveness of traditional marketing methods is raising the stakes even higher. And, to top it all off, studies show that, even though companies are gathering huge amount of data about their customers, only a select few know how to interpret it properly.
  • 13.
  • 14. How to make that light shine on you?
  • 15. Your customers are not a database – and not a statistic
  • 16. TRADITIONAL SEGMENTATION “ Look at the numbers” Elsa (Female/urban/mid-income) CASE STUDY: 25-30 year olds 25 29
  • 17.
  • 18. Most Marketers Don’t Really Know ... CHALLENGES/OPPORTUNITIES QUESTION WHEN DID YOU LAST “SPEAK” TO A SHOPPER? WORK IN A STORE? P & G employees will need to get out of the office and talk with customers. India Everyone should do every job in the store at least once in his career. FUTURE LAB
  • 19. Insights into Ideas The Greek Consumer
  • 20. FUTURE LAB RESEARCH Issues and challenges : lack of insight Retailers focus mainly on collecting and tracking data about “purchasing behaviors,” “geographics,” and “demographics.” All in all, Most food retailers know the “what” of their customers—what they buy, purchasing frequency, etc. But few know the “why” .
  • 21. 10 things to make you think
  • 22. 10 Insights to make you think – 10 Questions to ask yourself
  • 23.
  • 24. 76% of consumers don’t believe that companies tell the truth in advertisements Yankelowich,2006
  • 25.
  • 26. FUTURE LAB RESEARCH I&C: Transparency Transparency? You are being watched….
  • 27. FUTURE LAB SAB Miller: making a difference through beer Page 12 Our key priorities Discouraging irresponsible drinking Making more beer but using less water Reducing our energy and carbon footprint Packaging, reuse and recycling Working towards zero-waste operations Building supply chains that reflect our own values and commitment Benefiting communities Contributing to the reduction of HIV/Aids Respecting human rights Transparency in reporting our progress Source : http://www.sabmiller.com/NR/rdonlyres/B5B9E625-8661-47E4-9EB3-783C2D977036/0/SABMiller_SDR_2008.pdf FUTURELAB COMMENT Sustainability, CSR – do good and tell about it, in very straight forward ways. The ‘we employed this many people, and paid this much in taxes, etc” works well. Dont fall into the PR trap, but tell people what you do, and why you do it. CSR
  • 28. Transparency It doesn’t have to be complicated….
  • 29. Are your campaigns truthful? Does the brand experience match the promise? At every touchpoint?
  • 30. Question: How transparent are we in dealing with out customers?
  • 31.
  • 33. Authenticity Your own private sheep…
  • 35. Crop to Cup Traceability Authenticity
  • 36. De Kas As authentic as it gets – self grown food restaurant Authenticity
  • 37. FUTURE LAB Brewtopia - Custom branded beverages Page 28 Since 2002, we've dedicated our tiny minds to customising Beer, Water & Wines online You can now even create your own labels for delivery Worldwide We have no minimum order, no setup charges and 100% money back guarantee on all products. Source : http://www.blowfly.com.au/ FUTURELAB COMMENT How about doing this yourself (in cooperation with a small printer with an entrepreneurial mindset)? Customised labels for parties, at an affordable price. Which 18-year old wouldnt love to have his personal bottles at his graduation or birthday party? How collectable would that make the bottles? A great tool for engagement, collectability, and straight forward sales improvement. Customization
  • 39. “ The consumerism here is horrible – too many products, too much waste….”
  • 40. Reduce waste and over-abundance 100 Calorie Packs
  • 41. FUTURE LAB RESEARCH Future trends Reduce waste and over-abundance Mini-packs
  • 44. Show that you (really) care
  • 45. FUTURE LAB RESEARCH Future trends Functional food brand for pregnant women A French company has developed a new line of food products for pregnant women. Dubbed Luna , the range consists of eight products made with organic ingredients, all aimed at ensuring women get the nutrients they need for a healthy pregnancy. Included are honey & sesame biscuits that are rich in iron, calcium, magnesium, phosphorus and fibre; and a herbal infusion that promotes healthy circulation.
  • 46. FUTURE LAB RESEARCH Future trends Organic fast food - OBurger in Los Angeles Los Angeles-based OBurger is out to show consumers that organic, healthy fast food can be just as convenient as more calorie-clogging fast food options. The 100% organic menu is equally dedicated to the organic and sustainable cause. Besides that, the logistics alone at OBurger are an impressive feat in restaurant innovation. They use non-toxic cleaning supplies and packaging that is recyclable, compostable or biodegradable.
  • 47. Question: How can we (im)prove our green credentials?
  • 48. “ I want you to really listen to me, understand me, engage with me”
  • 49.
  • 50. FUTURE LAB A person like yourself or a peer Edelman Trust Barometer 2006 When forming an opinion of a company, how credible would the information be from … People Still Trust Humans % Academic 62 Doctor or similar 62 Person like yourself/peer 61 Financial Analyst 58 NGO Rep 58 Accountant 53 Lawyer 36 Regular employee 33 CEO 29 Union 19 Entertainer 17 PR person 16 Blogger 15
  • 52. ‘ Help us choose’ Start Listening
  • 53. Listen in – and engage in the conversation!
  • 54. Engage in the conversation!
  • 55. Check yourself out regularly
  • 56. And listen for the nasty bits….
  • 57. And listen for the nasty bits….
  • 58. Open your eyes FUTURE LAB
  • 59. FUTURE LAB RESEARCH Future trends Wine tastings via Twitter Bin Ends , which was started up earlier this year, is now gearing up for its second Twitter Taste Live , which will be held this Thursday—the first one was in July. The project aims to give wine enthusiasts around the globe a chance to join the world's top wine personalities online for tastings via the popular social networking tool Twitter.
  • 60. Question: Are we having a conversation?
  • 61. Find your existing communities
  • 62. 1 year: 100.000 registered customers   Now: 2,800,000 registered customers Enable your community Quickbooks – the best example
  • 63. Provide them with the right tools
  • 64. FUTURE LAB RESEARCH Trends: Biocitizens “ Biocitizens” are people who join social networks (online or in person) based on shared health interests. They organize around disease management or chronic conditions; wellness practices like exercise, parenting, or aging; or environmental health concerns. These new collectives are generating, collecting, and sharing information, and they are becoming authorities in their own right. Their influence on the marketplace is increasing: As shoppers, we consult these social networks about healthy purchasing decisions ranging from food to deodorants to cleaning products; as consumers, we leverage them to demand a voice—not just a choice—in the products we are offered. Food retailers need to be aware of the networks operating around them, and alert to opportunities that help shoppers connect to each other.
  • 65. FUTURE LAB RESEARCH Trends: Biocitizens
  • 66. FUTURE LAB RESEARCH Trends: Biocitizens
  • 67. FUTURE LAB RESEARCH Trends: Biocitizens
  • 68. FUTURE LAB RESEARCH Trends: Biocitizens
  • 69. A community site for every café?
  • 70. The largest virtual world on the planet in less than a year April 2007: beta launch June 2007: 3,000,000 users July 2008: 15,000,000 users The ultimate community connect
  • 71. Facebook connect – recycle the community
  • 72. Question: Are we f ish ing where the fish are ?
  • 73. “ It’s all about my parea”
  • 75. Let them do your work
  • 77. FUTURE LAB BeerBankroll Others are taking the idea of crowdsouring a step further. Including US based brewery called BeerBankroll , who are experimenting with involving the community to fund and manage their company.   How do they do it?   The first step is the Crowdfunding . Beerbankroll are recruiting members (50,000 to start with), who will contribute $US 50 to get the project up and running.   Once BeerBankroll has raised $100,000, the Crowdmanaging kicks in. The BeerBankroll community will then be involved in actively running the business. Members can submit product ideas and vote on management decisions. They can have a say in everything from the brand name, company logo, product design, product mix, marketing plan, advertising and sponsorship.   The company profits are then divided by three: One third is paid to members. One third goes back to the company. One third goes to charity.   If the experiment works, BeerBankroll will have an army of 50,000 beer drinking brand evangelists to help them spread the word. Source : http://digitaljury.wordpress.com/2008/07/03/crowdsourcing-for-beer/ FUTURELAB COMMENT We see more and more of these crowd-finance projects – from movies to footballclubs, to, indeed, micro-breweries. While this of course does not work for your direct businessmodel, how about applying these principles to social projects? A joint undertaking by all Amstel drinkers of Greece to raise E250.000 for a social business in Botswana, that then will be managed jointly? An endless stream of PR and engagement with the consumers, and unleashing an army of promoters onto the market. Crowd Finance
  • 78. Question: Do I know what ‘tribes’ I can connect to?
  • 79. “ I just love your products – and I would love to become involved. I actually have some good ideas!”
  • 80. Let them improve your products
  • 81. Let them build their own
  • 83. Or even innovate for you
  • 84. Or even innovate for you
  • 85. Finally, let them create your advertising
  • 86. Finally, let them create your advertising
  • 87. Question: Do we involve our fans enough?
  • 88. “ None of my staff I can really trust – what if I get sick? Who runs the company?”
  • 89. What could you do? Create a support mechanism. Re-engage the wisdom of the retired
  • 90.  
  • 91. Question: Do we understand the human issues of our channel partners?
  • 92. And finally…the most important question of all!
  • 94. FUTURE LAB “ Today's marketing model is broken. We're applying antiquated thinking and work systems to a new world of possibilities." Jim Stengel, Global Marketing Officer P&G
  • 95. Advertising Myths 1. Frequency is not a driver for action 2. There is no golden rule about OTS
  • 96.
  • 97.  
  • 98. Media Consumption Europe – 2006 % of total media consumption time Share of total adspend by medium (global) % 2008 forecast (March 2008) What’s wrong with these numbers?
  • 99. Most influential information sources in purchasing electronic goods? (TOP 3) CMO Council’s Retail Fluency Report, 2005 FUTURE LAB Even more wrong…. Share of total adspend by medium (global) % 2008 forecast (March 2008) Newspaper Coupons 25 Internet 21 Product/Company Information 16 Retailer information 14 Other 14 Magazines 4 TV 4 Radio 3 Source % In-store Sales Associate 49 In-store demonstration 36 Word-of-mouth from family & friends 33
  • 101. How about this for budget efficiency? £300 vs £40MM
  • 102. Spend my budget on WHAT!?
  • 103.
  • 104. WHY?
  • 105. And most importantly – focus on word of mouth – because Humans trust humans
  • 106.
  • 107. The Power of Recommendation Word-of-mouth is 7x more effective than newspaper advertising, 5x stronger than a personal sales pitch and 2x as effective as radio advertising Marketing Science Institute, 2006 1967 1983 2001 2007 1955 This is not exactly news....
  • 108. Extremely unlikely Extremely likely NPS™= (Promoters-Detractors)/Total DETRACTORS PROMOTERS PASSIVES Net Promoter Score ™ is a registered trademark of Bain & Company, Satmetrix and Fred Reichheld HOW LIKELY ARE YOU TO RECOMMEND? The Power of Recommendation 0 1 2 3 4 5 6 7 8 9 10
  • 109.
  • 110. This works for almost every industry The Power of Recommendation
  • 111.
  • 113.
  • 114. Who will be the First Penguin? Where ARE the orcas?
  • 115. Download an extended version of this presentation and a digital handout at: Futurelab.net/FB Read more on our blog at: Blog.futurelab.net
  • 116. The Element of Surprise
  • 117. If you want to know more about how to find true insights in the emotional needs of your target audience, and how to turn these into winning propositions and profit opportunities, give us a buzz Helena Chari [email_address] +30 210 72 60 600 www.tns-global.com TNS ICAP Futurelab Greece FUTURE LAB Futurelab Milton Papadakis [email_address] +30 210 72 60 600 www.futurelab.net Stefan Kolle [email_address] +32 473 888 996 www.futurelab.net About Futurelab