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Make Your Social Commerce
Experience More Trustworthy
 Part 4: Increase Trust, Intensify Loyalty
Why Trust is Important
                           “Tell me if you have ever done this
                           in relation to a company you do not trust”
                            Refused to buy
                            their products or                             84%
                            use their services

Lack of Trust               Criticized them
has serious                 to people                                   77%
                            you know
consequences
                            Refused to
for brands                  do business                                 76%
                            with them

                            Shared your opinion
                            and experiences            36%
                            on the Web
                             Edelman Trust Barometer




        © Demand Media 2013 All rights reserved                               2
Consumer Trust in Brands has Eroded


 Trust                                                       Percentage of
                                                              trustworthy
 is an essential                                                 brands
 ingredient of Social
 Commerce.                                         52%


 But trust in brands has
                                                                           22%
 fallen precipitously in
 the last decade.
                                                   1997                    2008
                                                     Young & Rubicam BrandAsset Valuator




         © Demand Media 2013 All rights reserved                                           3
Consumers Primarily Trust Those They Know
Nielsen asked 28,000
consumers about Trust and
Social Commerce
                                                Trust completely/             Don’t trust much/
                                                somewhat                                   at all
 Recommendations from people I know                                   92%                     8%
      Consumer opinions posted online                           70%                   30%
Editorial content e.g., newspaper article                    58%                  42%
                      Branded websites                       58%                  42%
                  Emails I signed up for                   50%                 50%
                              Display ads              16%                  84%
                          Mobile text ads             15%                   85%
                                                                                     Nielsen, 2012




                 © Demand Media 2013 All rights reserved                                             4
5 Factors that Influence Your Social Trustability

    IDENTITY                                                               OWNERSHIP
 When participants are
  encouraged to use                        ATTRIBUTES                       Verified product
                                         When product reviewers          ownership is critical as
 their real names, the
                                         and others are identified       consumers are diving
   trustability of the
                                         with structured attributes      deep into features and
   social experience
                                          or characteristics, their          experiences
        goes up
                                               relevancy and
                                             trustability grows

    RELATIONSHIP                                                      EXPERIENCE
      When it’s easy for
                                                                       Demonstrated product,
      participants to see
                                                                          category and skill
         how they are
                                                                       experience on the part
     connected they can
                                                                       of content contributors
       find trustworthy,
                                                                         is often even more
     personally relevant
                                                                      important to consumers
          information




              © Demand Media 2013 All rights reserved                                               5
Trust is Important at Every Stage
   1    TRAFFIC                                        ENGAGEMENT              2

  New consumers are more                               Trust that comes from
  attracted to your brand by                           consuming useful content in
  trusted connections and                              the company of likeminded
  content                                              people creates emotional
                                                       bonds

                                               TRUST

   4    LOYALTY                                        CONVERSION              3

  Rewarding contributors who                           Direct and detailed product
  are credible and helpful                             experiences, tied to known,
  surfaces your most                                   credible sources, inspire more
                                                       and bigger transactions
  trustworthy customers




           © Demand Media 2013 All rights reserved                                      6
Loyalty: Enduring Affinity, Long-lasting Value
True Loyalty is about consumers
forming a long-lasting connection
with your brand
Loyalty provides deep value for both
your customers and your brand
Trust is at the core of Loyalty that
consumers bestow upon you
Loyalty-focused brands identify their
loyalists and work with them
Certain Social Commerce features
can influence your trustworthiness



            © Demand Media 2013 All rights reserved   7
Gamification Surfaces your Loyalists
Use gaming features like
Points, Badges and Leader
Boards to reward consumer
behaviors that enhance the
level of Trust in your Social
Commerce experience




                                               The Cleveland Cavaliers reward fan participation,
                                               but the highest rewards go to contributors the
                                               community respects


            © Demand Media 2013 All rights reserved                                           8
Topical Discussions are a Showcase
Encourage your loyal
customers to add their
voice to your Social
Commerce experience
with a conversation-
friendly features
Add Blogs, Forums, and
Comments to your site
And be sure to reward
and promote your most
highly regarded
contributors          HomeClick gives its most prolific and best regarded customers
                                   many opportunities to contribute, and acknowledges their efforts


             © Demand Media 2013 All rights reserved                                          9
Social Connections Create 1:1 Influence
Make it easy for your
most loyal customers to
influence others on a
personal level
Implement proven
features like Friending,
Following and
Messaging in your own
Social Commerce
experience

                                         UK home improvement chain Homebase has built social
                                         networking features into its Social Commerce experience



            © Demand Media 2013 All rights reserved                                        10
Social Media Bridges Enable WOM
Make it easy for your
loyal customers to go
where their friends and
family members are, to
talk about their great
experience with your
products and your
brand
Built bridges to popular
social media
destinations like                          Word of Mouth is core to SHOP.CA’s Social
Facebook and Twitter                       Commerce strategy. The online retailer encourages
                                           customers to share their experience off the site



            © Demand Media 2013 All rights reserved                                        11
Social Commerce, Trust and Loyalty

 Consumers demand Trust in                          Loyalty is about creating an
 their Social Commerce                              enduring customer connection
 experiences
                                                    You can accelerate and
 Trust influences every stage of                    increase conversions using
 the Social Commerce cycle
                                                    •   Gamification
 You can takes steps that build
                                                    •   Topical Discussions
 Trust into your Social Commerce
 experience                                         •   Social Connections
                                                    •   Social Media Bridges




          © Demand Media 2013 All rights reserved                                  12
About Pluck
Integrated customer interaction platform

Distinguished by its breadth of features
and versatility, with product reviews
and much more

Used by 600+ retailers and brands

Enables them to
• grow their audience
• accelerate product sales, and
• ensure customer delight




            © Demand Media 2013 All rights reserved   13
Pluck is the Choice of Market Leaders




       © Demand Media 2013 All rights reserved   14
This Presentation is Part of a Series
Look in SlideShare for the other presentations in Pluck’s
Trusted Social Commerce series:


Trusted Social Commerce Attracts More Traffic

Trusted Social Commerce Fosters Engagement

Trusted Social Commerce Increases Conversion




            © Demand Media 2013 All rights reserved         15
To Learn More…

  info@pluck.com
  www.pluck.com
  (+1) 512 457 5220
  twitter.com/Pluck




     © Demand Media 2013 All rights reserved   16

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Trusted Social Commerce Produces Loyalty

  • 1. Make Your Social Commerce Experience More Trustworthy Part 4: Increase Trust, Intensify Loyalty
  • 2. Why Trust is Important “Tell me if you have ever done this in relation to a company you do not trust” Refused to buy their products or 84% use their services Lack of Trust Criticized them has serious to people 77% you know consequences Refused to for brands do business 76% with them Shared your opinion and experiences 36% on the Web Edelman Trust Barometer © Demand Media 2013 All rights reserved 2
  • 3. Consumer Trust in Brands has Eroded Trust Percentage of trustworthy is an essential brands ingredient of Social Commerce. 52% But trust in brands has 22% fallen precipitously in the last decade. 1997 2008 Young & Rubicam BrandAsset Valuator © Demand Media 2013 All rights reserved 3
  • 4. Consumers Primarily Trust Those They Know Nielsen asked 28,000 consumers about Trust and Social Commerce Trust completely/ Don’t trust much/ somewhat at all Recommendations from people I know 92% 8% Consumer opinions posted online 70% 30% Editorial content e.g., newspaper article 58% 42% Branded websites 58% 42% Emails I signed up for 50% 50% Display ads 16% 84% Mobile text ads 15% 85% Nielsen, 2012 © Demand Media 2013 All rights reserved 4
  • 5. 5 Factors that Influence Your Social Trustability IDENTITY OWNERSHIP When participants are encouraged to use ATTRIBUTES Verified product When product reviewers ownership is critical as their real names, the and others are identified consumers are diving trustability of the with structured attributes deep into features and social experience or characteristics, their experiences goes up relevancy and trustability grows RELATIONSHIP EXPERIENCE When it’s easy for Demonstrated product, participants to see category and skill how they are experience on the part connected they can of content contributors find trustworthy, is often even more personally relevant important to consumers information © Demand Media 2013 All rights reserved 5
  • 6. Trust is Important at Every Stage 1 TRAFFIC ENGAGEMENT 2 New consumers are more Trust that comes from attracted to your brand by consuming useful content in trusted connections and the company of likeminded content people creates emotional bonds TRUST 4 LOYALTY CONVERSION 3 Rewarding contributors who Direct and detailed product are credible and helpful experiences, tied to known, surfaces your most credible sources, inspire more and bigger transactions trustworthy customers © Demand Media 2013 All rights reserved 6
  • 7. Loyalty: Enduring Affinity, Long-lasting Value True Loyalty is about consumers forming a long-lasting connection with your brand Loyalty provides deep value for both your customers and your brand Trust is at the core of Loyalty that consumers bestow upon you Loyalty-focused brands identify their loyalists and work with them Certain Social Commerce features can influence your trustworthiness © Demand Media 2013 All rights reserved 7
  • 8. Gamification Surfaces your Loyalists Use gaming features like Points, Badges and Leader Boards to reward consumer behaviors that enhance the level of Trust in your Social Commerce experience The Cleveland Cavaliers reward fan participation, but the highest rewards go to contributors the community respects © Demand Media 2013 All rights reserved 8
  • 9. Topical Discussions are a Showcase Encourage your loyal customers to add their voice to your Social Commerce experience with a conversation- friendly features Add Blogs, Forums, and Comments to your site And be sure to reward and promote your most highly regarded contributors HomeClick gives its most prolific and best regarded customers many opportunities to contribute, and acknowledges their efforts © Demand Media 2013 All rights reserved 9
  • 10. Social Connections Create 1:1 Influence Make it easy for your most loyal customers to influence others on a personal level Implement proven features like Friending, Following and Messaging in your own Social Commerce experience UK home improvement chain Homebase has built social networking features into its Social Commerce experience © Demand Media 2013 All rights reserved 10
  • 11. Social Media Bridges Enable WOM Make it easy for your loyal customers to go where their friends and family members are, to talk about their great experience with your products and your brand Built bridges to popular social media destinations like Word of Mouth is core to SHOP.CA’s Social Facebook and Twitter Commerce strategy. The online retailer encourages customers to share their experience off the site © Demand Media 2013 All rights reserved 11
  • 12. Social Commerce, Trust and Loyalty Consumers demand Trust in Loyalty is about creating an their Social Commerce enduring customer connection experiences You can accelerate and Trust influences every stage of increase conversions using the Social Commerce cycle • Gamification You can takes steps that build • Topical Discussions Trust into your Social Commerce experience • Social Connections • Social Media Bridges © Demand Media 2013 All rights reserved 12
  • 13. About Pluck Integrated customer interaction platform Distinguished by its breadth of features and versatility, with product reviews and much more Used by 600+ retailers and brands Enables them to • grow their audience • accelerate product sales, and • ensure customer delight © Demand Media 2013 All rights reserved 13
  • 14. Pluck is the Choice of Market Leaders © Demand Media 2013 All rights reserved 14
  • 15. This Presentation is Part of a Series Look in SlideShare for the other presentations in Pluck’s Trusted Social Commerce series: Trusted Social Commerce Attracts More Traffic Trusted Social Commerce Fosters Engagement Trusted Social Commerce Increases Conversion © Demand Media 2013 All rights reserved 15
  • 16. To Learn More… info@pluck.com www.pluck.com (+1) 512 457 5220 twitter.com/Pluck © Demand Media 2013 All rights reserved 16