Transparency
in Social
Media
Agenda
Introduction
The importance of Transparency
Types of Transparency
Benefits
Story Telling
Community
Financial Benefits
Transparency Today and in the
Future
Introduction
• With access to more information, consumers have grown to expect a
certain level of trust with brands
• Creating behind-the-scenes, distinct content allows consumers to let
their guard down and connect
• Encouraging questions and providing thoughtful responses to enhance
audience participation creates community
• Transparency retains consumers and saves costs
• Story-telling captures audiences and lets them see within the company
Importance of Transparency
Strengthens loyalty through consistent communication and
results
Creating satisfying experiences inevitably creates returning
customers
Allowing customers to see behind the scenes creates a
competitive trust
Including consumers allows them to feel connected to the
company and it’s goals
Types of Transparency
• Blooper Reels
• Sneak Peaks
• Consumer Reviews
• Consumer Stories
• Q&A sections
• Introducing the team
• Live videos and social media stories
• Webinars and live Q&A sessions
• Online support section
• Testimonials
• Show the face behind the product
Benefits
 Build trust in
community
 Gain New Ideas
 Increase
Engagement
 Boost Economy
• Accountability
• Creates Openness
• Easier forgiveness if mistakes happen
• Helps your brand stand out
Building Trust
•
70% of consumers believe trust has never been more important than today
•
Brand Trust Factors:
o Product and service quality
o Public perception
o Brand reputation
o Customer service experience
•
Social media offers unprecedented opportunities to connect directly to their audience Storytelling is an intrinsically psychological
act designed to connect us to each other
•
Trust built through transparency
o Through genuine interactions with customers
o Open communication
o We've never had access to so much information and Consumers expect brands to share the truth about products and
services
•
How to leverage:
o Listening and responding to community
o Building authentic brand personality
o Influencer collaborations
o Crisis management and reputation building
Story Telling
• Creates Openness with audience
• Attracts influencer marketing
• Engages audience and makes them feel a
sense of self with the brand
• Creates authentic connections
• Connects with psyche and becomes
memorable
• Gives purpose to the product and brand
Story Telling Techniques
•Narrative techniques to engage and connect with audience
• Types:
• Anecdotes
• Testimonials
• Creative Visuals
•Allows influencers to share their experiences in a way that sparks emotion and builds connection
•Storytelling is an intrinsically psychological act designed to connect us to each other
•What does it build?
• Authentic connection
• Engagement
• Memorability
•Storytelling should include visual cues and scripts to make them compelling
Community
• Open forums for consumers to discuss the
brand and products
• Allows companies to receive first-hand
feedback
• Direct communication between the company
and consumer
• Influencer marketing provides a larger sense
of community and trust
• Mitigates Crisis’ and builds reputation
• Allows for connection with other consumers
Financial Benefits of Transparency
 Retains employees
 Puts company in favorable light with investors
 Assists companies in compliance
 Retains customers
 Attracts new customer through existing customers
 Creates ethical, reliable business practice
How does this apply to consumers today?
81% 86% 73%
Of people believe
social media increases
accountability for
businesses
Of Americans believe
transparency from
businesses is more
important now than
ever before
Of consumers are willing to
pay more for a product when
a brand guarantees
total transparency
Consumers connect more with brands when they feel a sense of connection and
openness to a brand. This allows brands to stand out to consumers and for consumers
to connect to each other and the brand.
Transparency in the Future
• Fueling Business Growth
• Innovative transparency business growth by creating brand awareness, setting apart
from competition, better conversion rates and customer retention
• Adopting AI
• Use AI to gather information about target markets and ways to connect better to them
• Personalizing consumer experiences
• Using chatbots to give customers information ASAP
• Creating Long-Term success
• Creating authentic engagement allows consumers to make more educated market
decisions, driving higher conversion rates in the future
• This also creates an open forum for consumers to give feedback for company
improvements and product improvements
References
#brandsgetreal: Social Media & The Evolution of Transparency. Sprout Social. (2024a, January
26). https://sproutsocial.com/insights/data/social-media-transparency/
#brandsgetreal: Social Media & The Evolution of Transparency. Sprout Social. (2024b, January
26). https://sproutsocial.com/insights/data/social-media-transparency/
Asendele, I. (2023, August 15). Navigating the art of transparency: Sharing marketing results
with stakeholders. LinkedIn. https://www.linkedin.com/pulse/navigating-art-
transparency-sharing-marketing-results-isaac-asendele/
Council, Y. E. (2020, March 2). 14 ways to be more transparent on social media. Influencive.
https://www.influencive.com/14-ways-to-be-more-transparent-on-social-media/
Gutierrez, C. (2024, August 13). Council post: The importance of transparent marketing. Forbes.
https://www.forbes.com/councils/forbesagencycouncil/2022/12/01/the-importance-of-
transparent-marketing/
Kozloff, J. (2024, August 12). Council post: Five reasons why transparency is good business.
Forbes. https://www.forbes.com/councils/forbestechcouncil/2019/11/04/five-reasons-
why-transparency-is-good-business/
Lange, C. (2023, March 29). Building Trust and credibility: How transparency in marketing can
boost your brand. Medium. https://medium.com/@charleslangeconsultant/building-trust-
and-credibility-how-transparency-in-marketing-can-boost-your-brand-8ec92a29dddf
Pertwee, F. (2024, November 14). The power of storytelling in social media - The influence
room. The Influence Room - Discover the influencer marketing platform that rewards
brands and advocates for being themselves. Learn more about Room Unlocked.
https://www.theinfluenceroom.com/the-power-of-storytelling-in-social-
media/#:~:text=With%20authenticity%20waning%2C%20being%20transparent%20and
References Sculpt, L., & Krakauer, J. (2024, August 6). Transparency in social media: 7 tactics to improve
it. Sculpt. https://wearesculpt.com/blog/transparency-in-social-media/
Top 10 benefits of transparency. icma.org. (n.d.). https://icma.org/articles/article/top-10-benefits-
transparency
Villasenor, J., Morar, D., Kurtis Nelson, D. M. W., & Darrell M. West, R. M. (2024, July 29).
Transparency is essential for effective social media regulation. Brookings.
https://www.brookings.edu/articles/transparency-is-essential-for-effective-social-media-
regulation/
Webster, J. (2024, August 1). Building Trust: The importance of transparency in brand
marketing. REVITY Marketing. https://gorevity.com/building-trust-the-importance-of-
transparency-in-brand-marketing/
Wong, J. (2023, August 2). How social media can build trust and engagement in your
community. Entrepreneur. https://www.entrepreneur.com/starting-a-business/how-social-
media-can-build-trust-and-engagement-in-your/454279

Transparency in Marketing - TESU - SOM -

  • 1.
  • 2.
    Agenda Introduction The importance ofTransparency Types of Transparency Benefits Story Telling Community Financial Benefits Transparency Today and in the Future
  • 3.
    Introduction • With accessto more information, consumers have grown to expect a certain level of trust with brands • Creating behind-the-scenes, distinct content allows consumers to let their guard down and connect • Encouraging questions and providing thoughtful responses to enhance audience participation creates community • Transparency retains consumers and saves costs • Story-telling captures audiences and lets them see within the company
  • 4.
    Importance of Transparency Strengthensloyalty through consistent communication and results Creating satisfying experiences inevitably creates returning customers Allowing customers to see behind the scenes creates a competitive trust Including consumers allows them to feel connected to the company and it’s goals
  • 5.
    Types of Transparency •Blooper Reels • Sneak Peaks • Consumer Reviews • Consumer Stories • Q&A sections • Introducing the team • Live videos and social media stories • Webinars and live Q&A sessions • Online support section • Testimonials • Show the face behind the product
  • 6.
    Benefits  Build trustin community  Gain New Ideas  Increase Engagement  Boost Economy • Accountability • Creates Openness • Easier forgiveness if mistakes happen • Helps your brand stand out
  • 7.
    Building Trust • 70% ofconsumers believe trust has never been more important than today • Brand Trust Factors: o Product and service quality o Public perception o Brand reputation o Customer service experience • Social media offers unprecedented opportunities to connect directly to their audience Storytelling is an intrinsically psychological act designed to connect us to each other • Trust built through transparency o Through genuine interactions with customers o Open communication o We've never had access to so much information and Consumers expect brands to share the truth about products and services • How to leverage: o Listening and responding to community o Building authentic brand personality o Influencer collaborations o Crisis management and reputation building
  • 8.
    Story Telling • CreatesOpenness with audience • Attracts influencer marketing • Engages audience and makes them feel a sense of self with the brand • Creates authentic connections • Connects with psyche and becomes memorable • Gives purpose to the product and brand
  • 9.
    Story Telling Techniques •Narrativetechniques to engage and connect with audience • Types: • Anecdotes • Testimonials • Creative Visuals •Allows influencers to share their experiences in a way that sparks emotion and builds connection •Storytelling is an intrinsically psychological act designed to connect us to each other •What does it build? • Authentic connection • Engagement • Memorability •Storytelling should include visual cues and scripts to make them compelling
  • 10.
    Community • Open forumsfor consumers to discuss the brand and products • Allows companies to receive first-hand feedback • Direct communication between the company and consumer • Influencer marketing provides a larger sense of community and trust • Mitigates Crisis’ and builds reputation • Allows for connection with other consumers
  • 11.
    Financial Benefits ofTransparency  Retains employees  Puts company in favorable light with investors  Assists companies in compliance  Retains customers  Attracts new customer through existing customers  Creates ethical, reliable business practice
  • 12.
    How does thisapply to consumers today? 81% 86% 73% Of people believe social media increases accountability for businesses Of Americans believe transparency from businesses is more important now than ever before Of consumers are willing to pay more for a product when a brand guarantees total transparency Consumers connect more with brands when they feel a sense of connection and openness to a brand. This allows brands to stand out to consumers and for consumers to connect to each other and the brand.
  • 13.
    Transparency in theFuture • Fueling Business Growth • Innovative transparency business growth by creating brand awareness, setting apart from competition, better conversion rates and customer retention • Adopting AI • Use AI to gather information about target markets and ways to connect better to them • Personalizing consumer experiences • Using chatbots to give customers information ASAP • Creating Long-Term success • Creating authentic engagement allows consumers to make more educated market decisions, driving higher conversion rates in the future • This also creates an open forum for consumers to give feedback for company improvements and product improvements
  • 14.
    References #brandsgetreal: Social Media& The Evolution of Transparency. Sprout Social. (2024a, January 26). https://sproutsocial.com/insights/data/social-media-transparency/ #brandsgetreal: Social Media & The Evolution of Transparency. Sprout Social. (2024b, January 26). https://sproutsocial.com/insights/data/social-media-transparency/ Asendele, I. (2023, August 15). Navigating the art of transparency: Sharing marketing results with stakeholders. LinkedIn. https://www.linkedin.com/pulse/navigating-art- transparency-sharing-marketing-results-isaac-asendele/ Council, Y. E. (2020, March 2). 14 ways to be more transparent on social media. Influencive. https://www.influencive.com/14-ways-to-be-more-transparent-on-social-media/ Gutierrez, C. (2024, August 13). Council post: The importance of transparent marketing. Forbes. https://www.forbes.com/councils/forbesagencycouncil/2022/12/01/the-importance-of- transparent-marketing/ Kozloff, J. (2024, August 12). Council post: Five reasons why transparency is good business. Forbes. https://www.forbes.com/councils/forbestechcouncil/2019/11/04/five-reasons- why-transparency-is-good-business/ Lange, C. (2023, March 29). Building Trust and credibility: How transparency in marketing can boost your brand. Medium. https://medium.com/@charleslangeconsultant/building-trust- and-credibility-how-transparency-in-marketing-can-boost-your-brand-8ec92a29dddf Pertwee, F. (2024, November 14). The power of storytelling in social media - The influence room. The Influence Room - Discover the influencer marketing platform that rewards brands and advocates for being themselves. Learn more about Room Unlocked. https://www.theinfluenceroom.com/the-power-of-storytelling-in-social- media/#:~:text=With%20authenticity%20waning%2C%20being%20transparent%20and
  • 15.
    References Sculpt, L.,& Krakauer, J. (2024, August 6). Transparency in social media: 7 tactics to improve it. Sculpt. https://wearesculpt.com/blog/transparency-in-social-media/ Top 10 benefits of transparency. icma.org. (n.d.). https://icma.org/articles/article/top-10-benefits- transparency Villasenor, J., Morar, D., Kurtis Nelson, D. M. W., & Darrell M. West, R. M. (2024, July 29). Transparency is essential for effective social media regulation. Brookings. https://www.brookings.edu/articles/transparency-is-essential-for-effective-social-media- regulation/ Webster, J. (2024, August 1). Building Trust: The importance of transparency in brand marketing. REVITY Marketing. https://gorevity.com/building-trust-the-importance-of- transparency-in-brand-marketing/ Wong, J. (2023, August 2). How social media can build trust and engagement in your community. Entrepreneur. https://www.entrepreneur.com/starting-a-business/how-social- media-can-build-trust-and-engagement-in-your/454279