Word of Mouth: Harnessing the Voice of Customers to Grow Business

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Word of Mouth: Harnessing the voice of customers to reach a Millennial audience

Transcript of Word of Mouth: Harnessing the Voice of Customers to Grow Business

Page 1: Word of Mouth: Harnessing the Voice of Customers to Grow Business

Word of Mouth: Harnessing the voice of customers to reach a Millennial audience

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1. 2016 outlook

2. Word of Mouth

3. Millennials

4. Case studies

5. Your questions!

In 30 minutes…

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2016

Photo? Stats?

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Trust

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Credibility

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Influence

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Recommended reading

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Word of Mouth

1. WOM: sharing something interesting and valuable

2. WOMM: Business action that earns a recommendation

In short, be remarkable.

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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!

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WOMM readiness

1. Listen

2. Be affected by what you hear

3. Respond to what has affected you

4. Engage, equip and empower

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WOMM activations

Advocates, Influencers and Ambassadors

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Roche PharmaceuticalsRoche Pharmaceuticals

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Parelli Natural Horsemanship

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Megabus.com

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millennials

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Megabus.com Student Ambassador Program

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• First bus company with brand ambassadors

• Increase brand awareness

• Engagement

Rationale & Goals

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• Strategically select locations

• Recruit college ambassadors

• Events/activations• Incentives

Tactics

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Objectives and metrics aligned with goals1. Email addresses2. Impressions3. Polling

Measurement

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2014 Program Results

77

4,878,216

10,115

202

1,332

64,287

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• Hiring/management

• Accurate/consistent

• Measurement/ROI

• Campus roadblocks

Challenges

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Takeways

• Flexibility is key• Listen to feedback from ambassadors• Measure and record everything

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1. WOM is important

2. Marketers should make friends with PR ;)

Summary

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Word of Mouth: Harnessing the voice of customers to grow business