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The nature of social media is that it's driven by the behavior of consumers, whose decisions are in turn influenced by other people online. The real question is how do you leverage these influencers? Brought to you by Social Media Today and Wildfire
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Brought to you by
Social Media Today presents:
What Does an Influencer Really Look Like? How to Measure Online Influence that Makes a
Difference
&
How to Participate
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About the Moderator
Maggie Fox is the founder and CEO of Social Media Group, established in 2006 and one of the world’s most highly respected independent agencies helping business navigate the socially engaged Web. Pioneers in their field, Social Media Group has developed social media strategies for some of the best-known brands in Europe and North America, including; Ford Motor Company, SAP Global Marketing, Norwegian Cruise Line, 3M and Thomson Reuters. Maggie has been interviewed about social media by The Washington Post, CBC Radio, The Globe and Mail, CBC News, CTV News, AdAge and The Financial Post, among others. She was also named one of the Top 100 Marketers in the 100th anniversary edition of Marketing Magazine and sits on the Board of the Empire Club of Canada.
About the Panel
Nick Hayes, President, Influencer50Nick is a marketing pioneer having previously founded and run successful marketing services firms for fifteen years, including an award-winning international technology PR agency & network for tech clients including IBM, HP, Adobe, Sun and BT. He founded Influencer50 in 2003 and since 2005 has run its US operation from San Francisco. He began his career at the European headquarters of EDS (now part of HP). Nick lives in the Bay Area.
Rob Fuggetta, Founder/CEO, ZuberanceRob Fuggetta is the world’s leading expert on brand advocacy. Fuggetta is the author of the ground-breaking new book, “Brand Advocates: Turning Enthusiastic Customers into a Powerful Marketing Force.” www.BrandAdvocateBook.com. Published by John H. Wiley & Sons, Inc., a major business publisher, Brand Advocates shows how companies are leveraging Brand Advocates to build their brands and businesses – and how you can too! Fuggetta is the Founder & CEO of Zuberance, a social media marketing company that powers Brand Advocate programs for top consumer and business brands
Vanessa DiMauro, CEO, LeaderNetworksVanessa DiMauro is the CEO of Leader Networks. A pioneer in business-to-business community building, Vanessa has been creating successful social strategies for more than fifteen years. Vanessa is a popular speaker, researcher and consultant on online communities and organizational social strategy and operations best practices. She has founded and run award-winning online professional communities such as Cambridge Information Network (CIN) for Cambridge Technology Partners, Computerworld Executive Suite and CXO Systems' Peer Visibility Network.
A Research Study By Society Of New Communications Research Senior Fellows Vanessa DiMauro – CEO of Leader Networks, Peter Auditore - Principal of Asterias Research Don Bulmer – VP Of Communication Strategy Of Royal Dutch Shell
The Social Mind - Survey Results
Highlights from The Social Mind Study (2012)
• There is a shift in information flow – traditional media is no longer an authoritative source of information
• People participate in information exchange online to help each other• The role of the online expert is rising in importance• The need for expert content is high among content consumers online• People are looking to peers and experts to discover what they need to
know and learn• People are directly influenced online by the people they trust
Focus of the study: Examination of the interrelationships created by the consumption of information across social media channels and influence flow.
Sample composition: The survey was administered online to 390 participants
Enjoy interacting using social games
Persuade others adopt my POV, buy product/service
I am a passive participant & prefer to observe others dialog
I want to be seen as someone knowledgeable
To belong to an active community of friends & family
To participate in a professional community of colleagues & peers
To help others by sharing information, ideas & experiences
0% 20% 40% 60% 80% 100%
3%
19%
31%
39%
41%
66%
78%
People Participate Online To Help Others & Be Part of a Community
Question: Why do you participate in groups and communities online? Select the top three responses
OtherProduct, service or innovation site
Accessing others social bookmarks Q & A sites
Viewing online photosListening to Podcasts
Reading content on customizable social media appsWatching videos
Information from community ranking & rating sitesDirect email message to me
Information exchanged in online groups or forumsReading Microblog streams (Twitter)
Reading blogsVisiting websites
0% 20% 40% 60% 80% 100%8%
1%3%4%7%9%11%
17%18%
40%41%41%
45%48%
Online Networks Are Disrupting Traditional Channels
Question: What online information sources are the most meaningful to you? Select the top three responses
Yes; 94%
No; 6%
Search for Experts ; 49%
Ask trusted peers; 12%
Attend con-ferences /
webinars; 6%
Rely on news & info sources;
19%
Rely on info shared via online social networks;
14%
Rely on customizable social media apps; 1%
Most Participate Online To Learn From Experts
Question: Do you use online networks to learn about topics?
Question: When learning about a topic, I most frequently…Select One
Use to Learn About Topics
Most Frequently
Ideas from authoritative sources (newspapers / journals) must be true because they are unbiased
Organizations I buy / partner with are the best sources of in-formation because they specialize
Information that has buzz reinforces the wisdom of the crowd
Information with pictures & video are more believable/ power-ful than written words
Information shared by friends/colleagues & is more believable, likely to be true
I need to hear details of a story to understand what is happen-ing
I seek expert opinion that is researched & well-documented
0% 20% 40% 60% 80% 100%
18%
6%
4%
5%
1%
0%
0%
43%
23%
19%
27%
9%
9%
1%
26%
42%
38%
30%
28%
17%
7%
9%
26%
35%
30%
53%
51%
41%
4%
4%
4%
8%
9%
23%
50%
Strongly Disagree Disagree Neither Agree Strongly Agree
Online Learners Trust Traditional Media Less, Look To Validate Information Independently
Question: Which of the following statements do you feel most applies when looking for information about a topic of interest?
I prefer online information to be audio and/or visual over text-based
I prefer short content snippets over longer ar-ticles or information sources
I prefer longer, thought leadership content that explores content in depth
I prefer curated content sources links and bookmarks on a topic so I can choose what to
explore
I prefer online information that uses graphics and easy to understand
0% 20% 40% 60% 80% 100%
23%
43%
48%
61%
62%
Online Information That Is Well Organized Or Curated Is Preferred
Question: What kind of online information do you prefer? Select up to three
3 Take-ways That Have a Big Impact on Business
1. Influence is earned.– Online can extend it but does not create it (typically).– Invest in thought leadership, not in buying fans!
2. Content is the new currency of influence.– Turn the marketing megaphone around!– Focus on creating content of value for your audience and engage around it.
3. Social Media makes influencers accessible.– Enable your orgs thought leaders to respond /engage online.– Be finable and approachable virtually.
More Information
Get the study on Amazon.com
Ask the Authors
Vanessa DiMauro, Leader [email protected]@vdimauro
Peter Auditore - Principal of Asterias Research Don Bulmer – VP Of Communication Strategy Of Royal Dutch Shell
Brand Advocates:The True Influencers
Rob Fuggetta, Zuberance Founder & CEO
September 18, 2012
Social Media Today Webinar
17
• Brand Advocate Platform Company• Powering advocacy for leading B2C & B2B brands• Approach: authentic advocacy
About Zuberance
18
Zuberance Definitions
Journalist, professional blogger, guru, industry analyst, celebrity
Highly-satisfied customer who recommends your brand or product without pay or incentives
Influencers Advocates
19
Motivations
Key Differences
Loyalty
Influencers Advocates
Low/none Very high
Build audience & personal brand
Help others
Incentives In some cases No
Trust 30% 92%
Source: Nielsen, Global Trust in Advertising survey, April 2012
Source: Forrester, NACTAS Q3 2006 Media & Marketing Online Survey
20
CDW Advocate Justin Dorfman
Drove $400K for CDW
CDW paid him: $0
21
Don’t Confuse Reach with Influence
# Twitter Followers: 27.9M
Influence over IT purchase decisions: None
# Twitter Followers: 647Influence over IT purchase decisions in his social network: Very high
Justin Bieber Justin Dorfman
22
Source: Multiple
Advocates are Highly Influential
Advocates50%All other Marketing Tactics
50% Ads, paid search, email marketing, billboards, etc.
50% of Business from Advocates
80% of Intuit Business ($3.2M) from Advocates Source: Intuit
23
50% Customers Likely to Recommend
How likely are you to recommend our brand or products to your friends?
“Ultimate Question” for Customer Loyalty
50%Source: Zuberance customer data
0 1 2 3 4 5 6 7 8 9 10
Very UnlikelyHighly Likely
AdvocatesDetractors Passives
24
Massive “Advocate Armies”
200,000 Advocates
75,000 Advocates
60,000 Advocates
25
100K Advocates Reach 60M Prospects
100,000 Advocates
60 Million Prospects
Source: Zuberance analysis using Forrester peer influence analysis. 100,000 Advocates x 4 actions per 12-month period. Each Advocate post reaches 150 people.
26
Each energized Advocate gets you 3 new customers
Advocates are Persuasive Salespeople
Source: Zuberance analysis
27
Turn Advocates into Marketers
Identify Amplify Track
How likely are you to recommend our brand to your friends?
Advocate ReviewsAdvocate StoriesAdvocate AnswersAdvocate Sharing
Advocate ActionsIn-bound referralsSalesAdvocate Influence
Re-Mobilize Advocates
28
Learn More“Brand Advocates: Turning Enthusiastic Customers into a Powerful Marketing Force”
“The ultimate guidebook to brand advocacy”-- Porter Gale, former VP Marketing, Virgin America
Rob Fuggetta, founder & CEO, Zuberance
“Shows you exactly how to energize Advocates.”-- Jeremiah Owyang, Altimeter Group
“...brilliant ”-- Erin Hintz, VP Global Marketing & GM eCommerce, Citrix
Thanks for Joining Us
• This webinar will be available on-demand at www.SocialMediaToday.com. Stop by to learn more and share your comments.
• Connect with our panelists on Social Media Today using the search function:
Join us September 25th for…
Mad Men in 2013: What's the New Role of the Advertising and PR Agency?
• http://socialmediatoday.com/new-role-advertising-pr-agency-