turbo tax case study social media

15
innovation “Social”ism vs. Capitalism The Convergence of Social Media, Communities and Technology Gravity Summit – August 31, 2009 Scott Gulbransen– Sr. Manager, Communications/Social Media

Upload: gravity-summit

Post on 21-Jan-2015

2.007 views

Category:

Business


1 download

DESCRIPTION

Turbo Tax: Social Media: Gravity Summit at Harvard

TRANSCRIPT

Page 1: Turbo Tax Case Study Social Media

innovation

“Social”ism vs. CapitalismThe Convergence of Social Media, Communities and Technology

Gravity Summit – August 31, 2009Scott Gulbransen– Sr. Manager, Communications/Social Media

Page 2: Turbo Tax Case Study Social Media

Intuit Confidential

TurboTax: The Power of 20 Million People

Page 3: Turbo Tax Case Study Social Media

Intuit Confidential

Freeloader Nation – Campaign Overview

Objective: Leverage social media to engage new friends and followers of our brand and encourage them to create conversations around our brand in a way that drives awareness and acquisition for TurboTax

Page 4: Turbo Tax Case Study Social Media

Intuit Confidential

Freeloader Nation – Campaign Ecosystem

One-Two Punch:1.Make them aware of free2.Get them talking about TurboTax

Page 5: Turbo Tax Case Study Social Media

Intuit Confidential

MySpace Secret Shows

How it Works

• Become of a friend of MySpace Secret Shows and TurboTax and get notified of Secret Shows 48 hours in advance

• Friends of Freeloader Nation get a chance for VIP access at each show

• TurboTax will sponsor 5 shows in major cities nationwide from Jan-Mar

Secret Shows Integration into Freeloader Nation

• Leverage Secret Shows (427K friends) to friend TurboTax

• TurboTax MySpace Community page acts as Freeloader Nation hub

• Tay Zonday as campaign host will conduct interviews, be present at shows, and will promote thru his network

• PR integration in each of the 5 cities

Past Secret Shows Include:

• Tenacious D

• Maron 5

• Lily Allen

• The Killers

• Method Man

• James Blunt

• Ice Cube

• Gnarls Barkley

• Franz Ferdinand

• NOFX

• Offspring

• The Cure

• Ting Tings

• All American Rejects

• Neil Diamond

Page 6: Turbo Tax Case Study Social Media

Intuit Confidential

Freeloader Nation - MySpace

6 “free” concerts in 5 Cities

Page 7: Turbo Tax Case Study Social Media

Intuit Confidential

SuperStatus Social Experiment: buy vs earned

Contest Big Y:Create a conversation that connects the TurboTax brand to FREE

How:Leverage the traffic and friends from MySpace, Facebook, and Twitter to engage with TurboTax to win amazing prizes for FREE utilizing an innovative contest concept that’s never been done before

Page 8: Turbo Tax Case Study Social Media

Intuit Confidential

SuperStatus Challenge: Grand Prize

Page 9: Turbo Tax Case Study Social Media

Intuit Confidential

SuperStatus Challenge:Twitter, Facebook or MySpace, your favorite & why?

And the winner of $10,000 is…• LuckyCat7 via Twitter:

i like twitter because people can follow me ~ just don't follow me to the bank when i win the $25k from turbotax!

• Other great entries…– Facebook is the favorite, the mother of social

media & TurboTax is that crazy aunt that buys you great gifts and slips you extra desserts.

– Michelle prefers Facebook because her love for TurboTax can't be restrained to 140 characters; it needs to overflow like her TurboTax refund

Campaign Exposure:• >6000 entries•Through syndication across tens of thousands of Friends & Followers, we reached over 1M Friends of Friends

Engagement:• Campaign had a Click Thru Rate 5 times higher than our average CTR for entire display campaign.• Average Entries per Respondent = 5

Page 10: Turbo Tax Case Study Social Media

Intuit Confidential

Twitter & SS: Targeting the right audience

Page 11: Turbo Tax Case Study Social Media

Intuit Confidential

“TurboTron” utilized Social in Rich Media

JumboTron Screen Engagement

Screen Name Imp CTR Clicks % of TotalReviews 198,041 3% 6,920 19%Super Status 34,598 11% 3,860 11%Freeloader 24,309 76% 18,503 50%Tax Answers 20,770 20% 4,256 12%Videos 15,176 21% 3,189 9%TOTAL 292,894 13% 36,728

TurboTron Screen Engagement

Page 12: Turbo Tax Case Study Social Media

Intuit Confidential12

Super Status – A Social Experiment

Exposure:

• Through syndication across tens of thousands of Friends & Followers, we reached over 1M Friends of Friends

Engagement:

• Campaign had a Click Thru Rate 5 times higher than our average CTR for entire display campaign.• Average Entries per Respondent = 5

Page 13: Turbo Tax Case Study Social Media

Intuit Confidential13

SuperStatus created Purchase Intent

Unaided Awareness

Total Awareness

Avg. Positive Attributes

Purchase Intent

Familiarity

• Friends: (+10) pts lift• Friends: (+10) pts lift

PURCHASE FUNNEL

• Increased brand equity and purchase intent among those who participated in the campaign

• Friends: (+5) pts lift• Friends: (+5) pts lift

TurboTax Brand Image Attributes - Top Two Box Pt Diff.

Is the easiest way to get the biggest refund +8 pts

Is the easiest way to prepare my taxes +2 pts

Does the work for me +1 pts

Gets me the most deductions +6 pts

Covers all my tax needs no matter what my situation +10 pts

Is a good value for the money +13 pts

Makes tax preparation easier than other brands of software -

Is a brand I trust -

Gives me confidence to do my own taxes +1 pts

Is worth paying a higher price for given its superior features +10 pts

Average Brand Image Attributes +5 pts

What About FRIENDS OF FRIENDS???Increased awareness of Friends of Friends but did not necessarily increase intent to purchase.

Non-ExposedFriends

Source: Marketing Evolution Custom Study

Page 14: Turbo Tax Case Study Social Media

Intuit Confidential14

Who Are The Game Players?

• Facebook users are much more active: 1 in 4 visitors from Facebook.• Update their status more than once per week.

• Strong Word of Mouth - Like to tell friends about brands they use (+11pts).

• Seek recommendations on products and services before they conduct formal research.

• Like to enter contests with the potential of winning prizes.

• Want to play the game their friends are playing (don’t want to be left out).

7 – 11pt difference compared to non-exposed group across all Behavioral Statements

Page 15: Turbo Tax Case Study Social Media

Intuit Confidential15

Contests and Entries

It’s unclear as to what types of questions will optimize engagement (Contests)

Contests Average No. EntriesIf you were the new president, what would you make tax deductable? 8What is something you’ve had to prove yourself innocent of? 7What's the funniest way you've kissed up to your boss? 6If your life had a soap opera plot twist with taxes, what would it be? 6If you won the Big Game, what would you do with your $25,000 SUPER REFUND GRAND PRIZE? 5Where’s the weirdest place you’ve found money? How much? 3What music do you listen to when you do your taxes? 3If you were a tax Hero with superhuman abilities, what would your Hero identity or power be? 3If you were a rock star, what about your rock-n-roll lifestyle would you make deductible? 2