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Market Mix 2012 - Creating Conversation Worthy Buzz

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What the difference between routine and remarkable? How would you turn touch points into talking points? Are you aware of the four key decisions that every marketer can make... or not? This presentation introduces answers to those questions and the five principles of great Word of Mouth Marketing. Enjoy.

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Page 1: Market Mix 2012 - Creating Conversation Worthy Buzz

• Integrity

• Responsibility

• Courage

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• Integrity

• Responsibility

• Courage

The act of

sharing something with someone else.

WOMMA

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• Integrity

• Responsibility

• Courage

Any business

action that earns a recommendation.

WOMMA

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• Integrity

• Responsibility

• Courage

WOMMA

A community of

marketers shaping how

businesses effectively

use WOMM.

Page 5: Market Mix 2012 - Creating Conversation Worthy Buzz

• Integrity

• Responsibility

• Courage Be the knowledge expert of the past

and thought leader of the future.

Teach

Advocate

Lead

Know

Serve as the community leader by

recognizing and rewarding great WOMM.

Share tips, tools, techniques and tactics in

approachable, practical ways.

Promote high quality standards,

legislation, and ethical WOMM.

Page 6: Market Mix 2012 - Creating Conversation Worthy Buzz

source | Nielsen study (August 2010)

PEMCO Insurance:

V.P. & CMO

WOMMA:

Board of Directors

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• Integrity

• Responsibility

• Courage

Brand attributes

Helpful

Relevant Curious

Engaging

Passionate Edgy

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Twitter: @NW_Mktg_Guy

Event Hashtag:

#MarketMix

source | Nielsen study (August 2010)

Let’s get connected!

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• Integrity

• Responsibility

• Courage

What do you see?

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• Integrity

• Responsibility

• Courage

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• Integrity

• Responsibility

• Courage

Touchpoint or Talking Point?

Touchpoint: the point of contact, especially

when products or services come

into contact with a customer

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• Integrity

• Responsibility

• Courage

Touchpoint or Talking Point?

Talking Point: interesting item for discussion: a

topic, or aspect of something, that

provokes a lot of discussion

Page 13: Market Mix 2012 - Creating Conversation Worthy Buzz

• Integrity

• Responsibility

• Courage

Routine or Remarkable?

Routine: the usual sequence for a set of

activities; something that is

unvarying or boringly repetitive

predictable, and monotonous

Page 14: Market Mix 2012 - Creating Conversation Worthy Buzz

• Integrity

• Responsibility

• Courage

Routine or Remarkable?

Remarkable: worthy of notice or commenting

on, unusual or exceptional and

able to attract attention

Page 15: Market Mix 2012 - Creating Conversation Worthy Buzz

• Integrity

• Responsibility

• Courage

Routine or Remarkable?

Page 16: Market Mix 2012 - Creating Conversation Worthy Buzz

• Integrity

• Responsibility

• Courage

Routine or Remarkable?

Page 17: Market Mix 2012 - Creating Conversation Worthy Buzz

• Integrity

• Responsibility

• Courage

Routine or Remarkable?

Tuned Pale Ale

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• Integrity

• Responsibility

• Courage

Routine or Remarkable?

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• Integrity

• Responsibility

• Courage

Word of mouth is the

most powerful form of

marketing there is!

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• Integrity

• Responsibility

• Courage

Most Powerful • Builds brands

• Drives Sales

• Sparks Conversations

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93% of US consumers have

at least one brand-related

conversation face-to-face

every day.

source | Keller Fay & Yahoo! study (June 2010)

Page 24: Market Mix 2012 - Creating Conversation Worthy Buzz

45% of US consumers have

at least one brand-related

conversation voice-to-voice

every day.

source | Keller Fay & Yahoo! study (June 2010)

Page 25: Market Mix 2012 - Creating Conversation Worthy Buzz

22% of US consumers have

at least one brand-related

conversation online

every day.

source | Keller Fay & Yahoo! study (June 2010)

Page 26: Market Mix 2012 - Creating Conversation Worthy Buzz

• Integrity

• Responsibility

• Courage

Power of WOMM

increases as

consumers become

more interconnected.

Page 27: Market Mix 2012 - Creating Conversation Worthy Buzz

23% of people’s time

spent on the Internet is on

Social Media websites

source | Nielsen study (August 2010)

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Four tools

connecting

relevant

content with

relationships

Page 30: Market Mix 2012 - Creating Conversation Worthy Buzz

Four tools

connecting

relevant

content with

relationships

Page 31: Market Mix 2012 - Creating Conversation Worthy Buzz

• Integrity

• Responsibility

• Courage

The people who

“link, like, and list”

us are among a

brands most valuable

marketing assets.

Page 32: Market Mix 2012 - Creating Conversation Worthy Buzz

• Integrity

• Responsibility

• Courage

The people who

“link, like, and list”

us are among a

brands most valuable

marketing assets.

Page 33: Market Mix 2012 - Creating Conversation Worthy Buzz

65% are on Twitter

54% are on Facebook

29% use YouTube

33% maintain a blog

2010 – Fortune 100 Companies…

source | Burson-Marsteller & Digital Media Study (February 2010)

Page 34: Market Mix 2012 - Creating Conversation Worthy Buzz

source | Burson-Marsteller & Digital Media Study (February 2011)

2011 – Fortune 100 Companies…

77% are on Twitter

61% are on Facebook

57% use YouTube

36% maintain a blog

Page 35: Market Mix 2012 - Creating Conversation Worthy Buzz

• Integrity

• Responsibility

• Courage

Product – Service - Experience

Page 36: Market Mix 2012 - Creating Conversation Worthy Buzz

• Integrity

• Responsibility

• Courage Awareness to Advocacy

Why Recs Matter

Page 37: Market Mix 2012 - Creating Conversation Worthy Buzz

• Integrity

• Responsibility

• Courage When “earned” they drive

preference, purchase & referral.

Why Recs Matter

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• Integrity

• Responsibility

• Courage

BIG HAIRY AUDACIOUS GOAL

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• Integrity

• Responsibility

• Courage

Referral Based Growth

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• Integrity

• Responsibility

• Courage

Five Principals: Word of Mouth Marketing

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1. Word of Mouth Marketing . . .

Honest and

authentic. Brands to consumers

and consumers to

consumers.

. . . is Credible

Page 42: Market Mix 2012 - Creating Conversation Worthy Buzz

2. Word of Mouth Marketing . . .

Listen,

participate,

respond and

engage in conversations

. . . is Social

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3. Word of Mouth Marketing . . .

Transparent

& trustworthy Protects privacy

among all parties.

. . . is Respectful

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4. Word of Mouth Marketing . . .

Defined,

monitored, & evaluated

. . . is Measurable

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5. Word of Mouth Marketing . . .

Easy to share. Over and over.

. . . is Repeatable

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54% of US adults identified

old-fashioned Word of Mouth

as most important influencer

of purchase decisions.

source | “Digital Marketer Report, Experian – 2011

Page 47: Market Mix 2012 - Creating Conversation Worthy Buzz

• Integrity

• Responsibility

• Courage

Four decisions

every marketer,

every brand

. . . all of us,

can make.

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1. Decide to listen

2. Decide to be affected

3. Decide to respond

4. Decide to be engaged

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Listening

is a company’s

greatest

opportunity.

Page 50: Market Mix 2012 - Creating Conversation Worthy Buzz

Use the

available

search

functions

Page 51: Market Mix 2012 - Creating Conversation Worthy Buzz

• Integrity

• Responsibility

• Courage

Page 52: Market Mix 2012 - Creating Conversation Worthy Buzz

source | http://www.flickr.com/photos/boudster/3716337113/

Public Displays of Affection

Page 53: Market Mix 2012 - Creating Conversation Worthy Buzz

source | http://www.flickr.com/photos/

Public Displays of Aggravation

Page 54: Market Mix 2012 - Creating Conversation Worthy Buzz

22% of US consumers have

at least one brand-related

conversation online every

day. Public Displays of Affection

Page 55: Market Mix 2012 - Creating Conversation Worthy Buzz

22% of US consumers have

at least one brand-related

conversation online every

day. Public Displays of Affection

Page 56: Market Mix 2012 - Creating Conversation Worthy Buzz

22% of US consumers have

at least one brand-related

conversation online every

day. Public Displays of Aggravation

Page 57: Market Mix 2012 - Creating Conversation Worthy Buzz

Customer

reviews and

stories affect

operations.

• Start every meeting with a

customer story!

Page 58: Market Mix 2012 - Creating Conversation Worthy Buzz

Create a

place to

welcome

feedback

Page 59: Market Mix 2012 - Creating Conversation Worthy Buzz

Create a

place to

welcome

feedback

Page 60: Market Mix 2012 - Creating Conversation Worthy Buzz

Respond with timely

appreciation, empathy,

sincerity and authenticity.

Page 61: Market Mix 2012 - Creating Conversation Worthy Buzz

“When you hit a wrong

note, it’s the next

note that makes it

good or bad.”

source | Slide used with permission of John Moore, BrandAutopsy

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Two great ways to respond

to even the most

challenging assertions.

Page 63: Market Mix 2012 - Creating Conversation Worthy Buzz

Thank You

and

We’re Sorry

Page 64: Market Mix 2012 - Creating Conversation Worthy Buzz

Feb 22nd - 3:18 to

Feb 23rd - 4:05 p.m.

24 hours

47 minutes

Sorry!

Page 65: Market Mix 2012 - Creating Conversation Worthy Buzz

Use humor

that gives,

not takes!

Page 66: Market Mix 2012 - Creating Conversation Worthy Buzz

Use humor

that gives,

not takes!

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• Integrity

• Responsibility

• Courage

Social engagement mantra

“PEMCO’s success

depends on the

positive opinion of

people like me.

They listen,

participate,

encourage and

enable me to

share with others.”

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source | Scott Adams Dilbert Cartoons @dilbert.com | 09-13-10

Page 73: Market Mix 2012 - Creating Conversation Worthy Buzz

source | Scott Adams Dilbert Cartoons @dilbert.com | 09-13-10

Page 74: Market Mix 2012 - Creating Conversation Worthy Buzz

source | Scott Adams Dilbert Cartoons @dilbert.com | 09-13-10

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Don’t let your first day of social be “not so good”

source | Scott Adams Dilbert Cartoons @dilbert.com | 09-13-10

Page 76: Market Mix 2012 - Creating Conversation Worthy Buzz

• Integrity

• Responsibility

• Courage

Let’s connect!

Twitter:

@NW_Mktg_Guy

Facebook:

Rod Brooks

Linked In:

Rod Brooks

Blog:

www.rodbrooks.com

Page 77: Market Mix 2012 - Creating Conversation Worthy Buzz