Word of Mouth Marketing - Past, Present & Future [Emerging Tech Conference 06.24.12]

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with your hosts @tonyfancorps & @gisanders Emerging Tech Conference ~ 06.24.12 #etcdallas

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Word of Mouth Marketing - Past, Present & Future [Emerging Tech Conference 06.24.12].

Transcript of Word of Mouth Marketing - Past, Present & Future [Emerging Tech Conference 06.24.12]

Page 1: Word of Mouth Marketing - Past, Present & Future [Emerging Tech Conference 06.24.12]

with your hosts@tonyfancorps & @gisanders

Emerging Tech Conference ~ 06.24.12#etcdallas

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He’s got the right idea!

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I Like to EAT and TELL

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Can you hear me now?

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Who’s hungry?

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Ring Ring...

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BBSFORUMS

Social Evolution

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100 MILLION LIKES

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Hell Yes!

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Listen Up!

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Speak Up!

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Lets Play!

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Pay Up!

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You’ve...Engaged

MonitoredCommunicated

GamifiedRewarded

What’s Next?

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Word Of Mouth Marketingis the most powerful form of

marketing. It builds brands, drives sales and sparks conversations. Both consumer to consumer, and

consumer to brand

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• Founded in 2004• Currently 400 Members• Quarterly Seminars & Events• Leading Companies such as AT&T, Edelman PR, American Express, Microsoft

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• How to Measure Word of Mouth• How to get People Talking Offline• How to Work with Influential Talkers• How to Stay Ethical & Out of Trouble• Case Studies From:• Southwest Airlines• Maker’s Mark• Louisville Slugger• Costco

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The average consumer mentions specific brands times per week with their

friends, family, and co-workers90

(Keller Fay, WOMMA)

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83%of online consumers are interested in sharing information about purchases with people they know

(Manage Smarter)

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90%of online consumers trust recommendations from people they know

(Econsultancy)

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Traditional Advertising Untrusted Overlooked Low impact Quantity

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Word of Mouth Marketing Credible Trusted Personalized Quality

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Status Update Example fromOfficial Fancorps Facebook Page

17K Likes

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Brand Advocacy Solutions

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Endorser

Advocate

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Endorser Solution

Short TermCampaign DrivenFocus on Market ResearchPolls, Offers, Surveys

Simple Sharing

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Advocate SolutionLong TermCapitalize on AffinityBuilds Loyalty & RelationshipsDeep EngagementContinuous Trusted Peer to Peer Recommendations

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Word of Mouth MarketingYou must unlearn what you have learned

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Multi-PlatformCustom BrandedCommunity EnvironmentDeep CommunicationCustomizable InitiativesQuantified Results & Impact

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“Chilihead Nation” Launched Aug. 2011 Over 6,000 Advocates Identified Advocates’ Combined “Social Reach” of over 1M Average Advocate Has 465 Friends/Followers Average Klout Score of 23 4,500 Social Recommendations/Reviews Created Total WOM Impressions: 2 Million

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Key Take Aways

Word of Mouth Marketing is the most powerful form of marketing

Engage your Consumers1. Monitor2. Communicate3. Gamify4. Reward

The First Steps

Brand Advocacy1. Endorsers2. Advocates

Two Types

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with your hosts@tonyfancorps & @gisanders

Emerging Tech Conference ~ 06.24.12#etcdallas

Page 47: Word of Mouth Marketing - Past, Present & Future [Emerging Tech Conference 06.24.12]

with your hosts@tonyfancorps & @gisanders