womma webinar with extole & j. hilburn
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WOMMA webinar featuring Extole and J. Hilburn discussing the power of social referrals and the impact of social on search. Learn how social referral programs increase new customer acquisition and sales, drive traffic, and improve SERP. J. Hilburn reviews its Extole social referral program and results.TRANSCRIPT
The Power of Social Referrals
Nichole Goodyear, Strategic Advisor, Extole @ngoodyear @ExtoleInc
Neal Patel, VP Technology, J. Hilburn @JHilburn
February 8, 2012
© 2012 Extole, inc. All rights reserved. Proprietary/Confidential.
AGENDA
2 © 2012 Extole, inc. All rights reserved. Proprietary/Confidential.
1. Introduction 2. Market Landscape
3. Consumer-to-Consumer Social Marketing
4. Social Referral Case Study – J. Hilburn
5. Key Takeaways 6. Q&A
Market Landscape
3 © 2012 Extole, inc. All rights reserved. Proprietary/Confidential.
THE MARKETING OPPORTUNITY
TRADITIONAL Brand Created One Directional – Push Marketing
NOW Customer Generated Two Directional – Social Marketing
Less Trusted, Becoming Less Effective
Trusted, More Effective, Wider Reach
4 © 2012 Extole, inc. All rights reserved. Proprietary/Confidential.
EVOLUTION OF SOCIAL
5 © 2011 Extole, inc. All rights reserved. Proprietary/Confidential.
Social 1.0
• Social Media Monitoring
• Social Profiles & Social Connections
Social 2.0 – Social Communities & Social Graph
• Facebook Brand Profile – Amass Likes
• Twitter Profiles - Followers/Customer Service response
Social 3.0 – Social Commerce
• Customers as a powerful marketing channel • Social signal creation • Social buying
6 © 2011 Extole, inc. All rights reserved. Proprietary/Confidential.
CONSUMERS TRUST PEERS
• 90% of consumers trust friends
• 70% trust consumer opinions
CONNECTION TO CONSUMERS
7 © 2011 Extole, inc. All rights reserved. Proprietary/Confidential.
Consumer
SOCIAL BY THE NUMBERS
8 © 2011 Extole, inc. All rights reserved. Proprietary/Confidential.
• Social networking sites reach 82% of the world’s online population; representing 1.2 billion users worldwide
• Facebook ~800M estimated 1 Billion users by Dec 2012
• Google + currently ~90M users; on track to reach 400M in year
• Twitter ~200M profiles
• LinkedIn ~135M members
• 1 in 5 minutes spent online is social networking; 3 in 4 minutes on social networking on Facebook
GOOGLE SEARCH BY THE NUMBERS
9 © 2011 Extole, inc. All rights reserved. Proprietary/Confidential.
• Google Searches – ~1 Billion per day; ~42M per
hour ; ~47K per second – ~15% all searches came from
mobile devices, Early 2011
• Google Revenue – $29B 2010 Digital $ – 97% from search – $10B Quarter Q4 2011
SEARCH IS BECOMING SOCIAL
10 10 © 2012 Extole, inc. All rights reserved. Proprietary/Confidential.
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WHAT’S NEXT
11 © 2011 Extole, inc. All rights reserved. Proprietary/Confidential.
• 82% of online world is spending time on social networks
• ~1 Billion Google searches per day
• Google’s digital revenue in 2010 was $29B; 97% from search
• Brands & consumers depend on search to find info & buy things
• Google doesn’t have access to Facebook data
Twitter & Google used to have a contract which allowed Google to have a “pipe” into Twitter
It makes sense that social & search would intersect AND…Google would include social signals (tweets, posts, shares, authority, relevancy) into
search algorithms affecting search results
So if…
Consumer-to-Consumer Social Marketing
12 © 2012 Extole, inc. All rights reserved. Proprietary/Confidential.
Extole is the leading Consumer to Consumer (C2C) Social Marketing Platform for brands and agencies to turn customers into social advocates, tapping into a powerful new marketing channel
• Powering 200+ leading brands & agencies • Founded in 2009 • Based in San Francisco with over 70 employees
COMPANY OVERVIEW
13 © 2012 Extole, inc. All rights reserved. Proprietary/Confidential.
C2C MARKETING DRIVES MEASURABLE RESULTS
Trusted Referrals from Friends
Social Advocates Promote Brand
Social Content Amplifies Awareness
Acquisition & Sales
Traffic & Awareness
Social ROI & Insight
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Measurable Social Results
© 2012 Extole, inc. All rights reserved. Proprietary/Confidential.
Grow Acquisition
& Sales
• Increased volume of new leads
• Higher AOV (Average Order Value) & LTV
• 3-5x conversion over other channels
Increase Traffic &
Awareness
• New referral traffic to brand.com
• Increased shares in the social graph
• Improved Social SEO rankings
Gain Social Insight & Measure ROI
• Understand your brand’s social graph
• Track advocates & influence across channels
C2C MARKETING BENEFITS
15 © 2012 Extole, inc. All rights reserved. Proprietary/Confidential.
Social Referral Case Study J. Hilburn
16 © 2012 Extole, inc. All rights reserved. Proprietary/Confidential.
J. HILBURN OVERVIEW
• Custom luxury menswear, online ordering • Network of over 1,000 style advisors to measure for a
proper custom fit • No direct marketing
17 © 2012 Extole, inc. All rights reserved. Proprietary/Confidential.
J.HILBURN – THE CHALLENGE
• Historically relied on stylist referrals for new customers • Customer base organically referring new customers • Needed way to track, amplify & optimize customer referrals • Wanted to reward advocates, increase the brand’s social
presence, and gain insight into its customers’ social behaviors
18 © 2012 Extole, inc. All rights reserved. Proprietary/Confidential.
J. HILBURN – THE SOLUTION
• Launched Social Referral program in Sept 2011 • $50 voucher to social advocates for every referred friend
who purchases • Referred friends get $50 discount on first order of $100+ • Easy-to-use share tools to refer friends via Facebook,
Twitter, email and personal URLs
19 © 2012 Extole, inc. All rights reserved. Proprietary/Confidential.
J. HILBURN – PROMOTING THE PROGRAM
20 © 2012 Extole, inc. All rights reserved. Proprietary/Confidential.
• Promoted referral program via owned channels such as blog, Twitter, email, website and Facebook
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J. HILBURN – SHARING WITH FRIENDS
21 © 2012 Extole, inc. All rights reserved. Proprietary/Confidential.
• Easy-to-use share tools • Consumer to Consumer referrals via Facebook, Twitter,
email and personal URLs • Default messages social advocates can personalize
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J. HILBURN – PERSONALIZED FRIEND LANDING PAGE
22 © 2012 Extole, inc. All rights reserved. Proprietary/Confidential.
• Personalized friend referral landing page • Ensures highest level of friend trust, engagement,
and conversion
J. HILBURN – THE RESULTS
45 Days After Launch
• Identified over 1,000 brand social advocates • Averaged 12 shares per social advocate • Generated 10,000+ social shares via Facebook, Twitter,
and email • Drove 600+ new transactions and $250,000 in sales • Not only increased sales, it also improved overall
customer experience
23 © 2012 Extole, inc. All rights reserved. Proprietary/Confidential.
ü Social referrals amplify word-of-mouth ü Referral program improved customer experience ü Drove new and repeat sales ü Drove average order value up ü Must re-market program keeps users engaged & encourages
sharing (ongoing) ü Strategize on how referrals can tie into other social efforts
TAKE AWAY POINTS J. HILBURN KEY TAKEAWAYS
Key Takeways & Q & A
25 © 2012 Extole, inc. All rights reserved. Proprietary/Confidential.
TAKE AWAY POINTS CONCLUSION
26 © 2012 Extole, inc. All rights reserved. Proprietary/Confidential.
ü Consumer behavior has drastically changed, consumers trust content from friends and peers
ü Social is becoming an integral part of search ü Social advocates can be top marketing channel ü Consumer to consumer referrals drive results ü Social referral programs encourage the creation and sharing of
consumer-generated content
Thank you so much for your time today. We look forward to your questions! Resources: • J. Hilburn Case Study
– http://extole.com/case-study/j-hilburn/ • Extole Social Referral Best Practices
– http://extole.com/bp_guide/ For any additional questions, please contact us at [email protected]
Q & A
The Power of Social Referrals
Nichole Goodyear, Strategic Advisor, Extole @ngoodyear @ExtoleInc
Neal Patel, VP Technology, J. Hilburn
February 8, 2012
© 2012 Extole, inc. All rights reserved. Proprietary/Confidential.