highly recommended: harnessing wom and social media to build your brand and drive business
DESCRIPTION
Presented by Paul Rand, President/CEO, Zocalo Group at the 2013 Racom IMC Roundtable. More info on this event at cadmef.org.TRANSCRIPT
Highly RecommendedHarnessing WOM & Social Media to Build Your Brand and Drive Business
PAUL M. RANDPresident/CEO of Zócalo Group@paulmrand
Coming Soon!September, 2013
1Develop a clear and purposeful
story of how you want people to
recommend you
2 Live your brand
3 Be human, transparent, and
live up to mistakes quickly
4 Stay engaging and interesting
5 Regularly evaluate and evolve –
but stay true to your core
Live a recommendable life
SocialBusiness
HighlyRecommended
Business
Stew Leonard’s and the30 minute recommendation
What Stew gets right…
� He makes the shopping experience
pleasant and fun
� His employees are in on the game
� His stores have personality and
celebrate local produce and the
seasons
� He’s committed to the community with
regular outreach services and a variety of holiday events.
Why Angie and her listare worth $650 million
“Marketing is dead,” says Saatchi & Saatchi CEO. The chief executive of one of the world’s largest marketing groups has today declared that marketing and strategy are dead.
Marketers are moving from accumulationto advocacy and engagement
Fixing what advertisinghas broken
Attention
Interest
Desire
Action
A whole new model for a whole new world…
A. I. D. A.McKinsey & Co.’s
Consumer Decision Journey
Duxler Tire and theloyalty loop
Moving Beyond NPS…
� Did you recommend?
� Where, how and why did you
recommend?
� Where those recommendations from
someone of influence in the category?
� How did others recommend?
� How do these recommendations
compare to competitors and the
industry?
� Did those recommendations make an
impact? If so, where and how?
The power of positive recommendations
Why people recommend…
First to Know & First to TellSelf-validation, letting others know that you are an “early elite product tester”
Favor BankingTrading currency, or sharing with others who share back with you
Credibility Rub-OffWhen a brand has a particularly good reputation, it can be recommended even before it is experienced
ProjectionRecommending something to project a desired image of oneself onto others
Genuine Brand LoveBrand fans, generally 100% sincere
Some recommendations are more valuable than others
15Proprietary & Confidential © 2012 Zócalo Group, LLC
Think of influencers as an ecosystem
Brand Ecosystem
Industry Eminents
Brand FansDetermined
Detractors
Peer Influencers
Understand where andhow your brand is talked about and recommended
17
Formalize a sharable story to reflect how youwant your brand talked about and recommended
Describes how brand addresses market need
Describes how brand addresses market need
Describes how brand leads its industry
Describes how brand leads its industry
Defines market demand/
customer need
Defines market demand/
customer need
Elaborates on market
expectations
Elaborates on market
expectations
Defines how brand is
positioned to succeed
Defines how brand is
positioned to succeed
Goal & Vision
Proof Points and Facts
Proof Points and Facts
Proof Points and Facts
Proof Points and Facts
Proof Points and Facts
Discover whose recommendations influence your brand’s purchase decisions
Create compelling content and experiences that engage
90When engaging with people across your social networks:
Follow the 90 / 10 Rule
90%of your time should be spent: informing them,
entertaining them, educating them, sharing with them,
asking for their input, and listening.
10% of your time should be spent marketing to them.
Protect your brand by identifying and neutralizing threats
The four factors empowering badonline behavior:
� No guilt
� The mob
� Relative anonymity
� No accountability
Customer service that gets you recommended
Seven strategies for success:
� Provide as many opportunities for feedback as possible
� Monitor all feedback avenues regularly
� Respond in a timely manner
� Respond with an open mind
� Make the appropriate apologies and explanations
� Solve the problem promptly
� Show the consumer that you’ve solved the problem promptly
Listen, and act on, what consumers are telling you
Become the most recommended place to work
Five ways social
media has changed
HR forever:
� Finding the Employee’s Voice
� True Transparency
� Recruiting
� Retention
� Organizational Branding
Creating products and offerings your customerstell you they will buy
The benefits ofco-creation…
� Frequent customer engagement
� Fresh ideas
� Customer loyalty
� WOM momentum
Built by Recommendation
OmniClean
Thank you!PAUL M. RANDPresident/CEO of Zócalo Group@paulmrand
Coming Soon!September, 2013