Word of Mouth: Harnessing the Voice of Customers to Grow Business
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Transcript of Word of Mouth: Harnessing the Voice of Customers to Grow Business
Word of Mouth: Harnessing the voice of customers to reach a Millennial audience
1. 2016 outlook
2. Word of Mouth
3. Millennials
4. Case studies
5. Your questions!
In 30 minutes…
2016
Photo? Stats?
Trust
Credibility
Influence
Recommended reading
Word of Mouth
1. WOM: sharing something interesting and valuable
2. WOMM: Business action that earns a recommendation
In short, be remarkable.
WOMM: what’s it worth?
• Drives average 13% sales
• Offline produces 2/3 impact; online 1/3
• Amplifies paid media by 15%
• Impacts immediately
• Valued at 5+ paid impressions
• MAKES YOU BETTER!
WOMM readiness
1. Listen
2. Be affected by what you hear
3. Respond to what has affected you
4. Engage, equip and empower
WOMM activations
Advocates, Influencers and Ambassadors
Roche PharmaceuticalsRoche Pharmaceuticals
Parelli Natural Horsemanship
Megabus.com
millennials
Megabus.com Student Ambassador Program
• First bus company with brand ambassadors
• Increase brand awareness
• Engagement
Rationale & Goals
• Strategically select locations
• Recruit college ambassadors
• Events/activations• Incentives
Tactics
Objectives and metrics aligned with goals1. Email addresses2. Impressions3. Polling
Measurement
2014 Program Results
77
4,878,216
10,115
202
1,332
64,287
• Hiring/management
• Accurate/consistent
• Measurement/ROI
• Campus roadblocks
Challenges
Takeways
• Flexibility is key• Listen to feedback from ambassadors• Measure and record everything
1. WOM is important
2. Marketers should make friends with PR ;)
Summary
Word of Mouth: Harnessing the voice of customers to grow business