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Suzanne Fanning - BDI 9/19/12 Chicago Integrated Communications Forum

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Keynote Presentation by: Suzanne Fanning, President, Word of Mouth Marketing Association www.bdionline.com
27
Word of Mouth Marketing Association
Transcript
Page 1: Suzanne Fanning - BDI 9/19/12 Chicago Integrated Communications Forum

Word of Mouth Marketing Association

Page 2: Suzanne Fanning - BDI 9/19/12 Chicago Integrated Communications Forum

Proud to Call Our Members

Page 3: Suzanne Fanning - BDI 9/19/12 Chicago Integrated Communications Forum

The Shifting Marketing Landscape

Page 4: Suzanne Fanning - BDI 9/19/12 Chicago Integrated Communications Forum

Social Engagement— It’s not just a fun side project anymore

In the next 5 years, marketers expect to spend

19.5% of their budgets on social engagement, almost

three times more than the current level!

CMO Survey.com

CMO Survey

Page 5: Suzanne Fanning - BDI 9/19/12 Chicago Integrated Communications Forum

A Good WOMM Program is…

Page 6: Suzanne Fanning - BDI 9/19/12 Chicago Integrated Communications Forum

Why is it important to get people talking?

Nielson Wire 2012

Other Advertising

Friends and Family

Page 7: Suzanne Fanning - BDI 9/19/12 Chicago Integrated Communications Forum
Page 8: Suzanne Fanning - BDI 9/19/12 Chicago Integrated Communications Forum

Influencers

Prcouture.com

Page 9: Suzanne Fanning - BDI 9/19/12 Chicago Integrated Communications Forum

The New Influencers in the Emerging Spaces

Instagram and Pinterest

Pinterest is the fastest growing

network of 2012 with a growth of

Instagram boasts 100 million users

360i

Page 10: Suzanne Fanning - BDI 9/19/12 Chicago Integrated Communications Forum

2012 The Year of Visual Influencers

Social@Ogilvy

Page 11: Suzanne Fanning - BDI 9/19/12 Chicago Integrated Communications Forum

What’s the best way to reach YOUR influencers?

Page 12: Suzanne Fanning - BDI 9/19/12 Chicago Integrated Communications Forum

Content

The typical American mentions brand names 90 times a week in both online and offline conversations.

Keller Fay Research 2010

Content is not just king—it is social currency.

Hasbro

Page 13: Suzanne Fanning - BDI 9/19/12 Chicago Integrated Communications Forum

Deep, Meaningful Content

Unmetric

Page 14: Suzanne Fanning - BDI 9/19/12 Chicago Integrated Communications Forum
Page 15: Suzanne Fanning - BDI 9/19/12 Chicago Integrated Communications Forum

Baconbarter.com & 360i

Page 16: Suzanne Fanning - BDI 9/19/12 Chicago Integrated Communications Forum

C2C Marketing Through Consumer-to-Consumer (C2C) sharing and

awareness, marketers can actually harness the power of opinion.

Forrester Research

Page 17: Suzanne Fanning - BDI 9/19/12 Chicago Integrated Communications Forum
Page 19: Suzanne Fanning - BDI 9/19/12 Chicago Integrated Communications Forum

Listening is Good—Participating is Better

Page 20: Suzanne Fanning - BDI 9/19/12 Chicago Integrated Communications Forum

How to Handle Negative Content

Smart Car

Page 21: Suzanne Fanning - BDI 9/19/12 Chicago Integrated Communications Forum

Smart Car

Page 22: Suzanne Fanning - BDI 9/19/12 Chicago Integrated Communications Forum

Measurement beyond…

Page 23: Suzanne Fanning - BDI 9/19/12 Chicago Integrated Communications Forum

23

Activity Metrics Outcomes

• ↑ Likes • Number of “Talking About This” • Demographics • Reach

Face

bo

ok

• Number of Followers • Number of Retweets • Reach (available with third-party tool)

• Number of Registrants/members • Dwell time • Views • Sentiment

Twit

ter

Cam

pai

gn

Activity Metrics Alone Don’t Measure Business Results

© COPYRIGHT 2012, COMBLU, LLC. 23

• Tracks awareness • Indicates number of people creating

content related to your brand • Gives insight into general category of

viewers • Measures potential audience

• Tracks individuals receiving message • Indicates when content is shared • Measures potential audience

• Tracks number of participants • Shows general level and area of

interest • Tracks total number of visitors • Approximates participant attitudes

Page 24: Suzanne Fanning - BDI 9/19/12 Chicago Integrated Communications Forum

Activity Metrics Outcomes

• ↑ downloads of product information • Number of product pages shared • Number of product reviews shared • Number of inquiries about product on review sites • Number of views product demos/video • Number of views product reviews • Number of participation levels in contests/promotions

Ad

voca

cy KPI: Generate Product or Brand Consideration

KPI: Decrease Cost of Product Support • ↑ Number of creators/critics in support community

– Customers – FTEs

• Number of questions asked in community • Number of questions answered by customers • Number of questions answered by FTEs in community • ↓ cost per question answered • ↓ time to answer • ↓ open questions • ↑ positive ratings of content/answers

KPI: Drive Product Innovation • Number of ideas • Number of idea comments/refinements • High rating of ideas • Number of votes/ideas • Number of creators/critics • Number of actionable ideas

Sup

po

rt

Fee

db

ack

• ↑ brand/product consideration • ↑ NPS

• ↑ customer satisfaction • ↑ positive word-of-mouth • ↑ revenue • ↓ cost of support

• Faster time to market • ↓ cost of innovation • ↑ product success

Converting Activity Metrics into Performance Value

© COPYRIGHT 2012, COMBLU, LLC. 24

Page 25: Suzanne Fanning - BDI 9/19/12 Chicago Integrated Communications Forum

Putting It All Together…

Page 26: Suzanne Fanning - BDI 9/19/12 Chicago Integrated Communications Forum

• Solving the ROI Riddle • Influencer Handbook • Listening is Good, Participating is

Better • Social Media Disclosure Guide • All Things WOMM Blog

Additional Resources

Page 27: Suzanne Fanning - BDI 9/19/12 Chicago Integrated Communications Forum

Thank you!!

@suzannewomma


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