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1 IN AN OMNI-CHANNEL WORLD BUILDING BRAND TRUST

BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

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Page 1: BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

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IN AN OMNI-CHANNEL WORLDBUILDING BRAND TRUST

Page 2: BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

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Page 3: BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

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MEDIA SCEPTICISM

DECLINING

DATA OVERLOAD

SOCIAL MEDIA

Why study trust now?

Page 4: BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

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The more trusted you are…

The more of a price premium you can charge

+10%

+13%

Page 5: BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

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ONFOCUS FEATURES

How to study brand trust

Page 6: BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

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Five factors to promote trust

Page 7: BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

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EXPERIENCE

Five factors to promote trust

Page 8: BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

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Only Positive:

6x

Mostly Positive:

5x

Mostly Negative:

-3x

To err is human, but being responsive to mistakes can help build brand trust

Page 9: BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

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“I don't think the difference [between the appeal of Zappos and the Amazon brand] is in the UI. It's in how we build a

personal connection, primarily on the phone. We’re actually experimenting with ways to get more people to call because

it’s such a valuable marketing and brand builder for us."

Page 10: BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

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EXPERIENCE

You only have so much leeway with mistakes –invest in mechanisms that truly are responsive to issues.

Page 11: BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

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CONSUMER VOICE

Five factors to promote trust

Page 12: BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

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3x

Operations and customer service are the foundation of trust marketing

Impact on Trust

ExpertReco

Online Reco

In-PersonReco

NoReco

Page 13: BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

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Consumer Voice

Investing in operations leads to good word of mouth for your brand. Leverage consumer voice and consumer credentials.

Page 14: BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

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TRANSPARENCY

Five factors to promote trust

Page 15: BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

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Being seen as a transparent brand is more important than being a long-term brand

Longevity

Transparency

2x

Page 16: BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

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Page 17: BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

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Transparency

Don’t hide the negative, embrace it. Put it out front and not in the small print.

Page 18: BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

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OMNI-CHANNEL

Five factors to promote trust

Page 19: BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

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Online Only

In-Store Only

Omni-Channel

X

Impact on Trust

Omni-channel presence not only drives access, it drives reputation and trust

3x

Page 20: BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

2020

Page 21: BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

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Omni-Channel

Encourage cross channel interaction. Move the consumer from your digital to physical and vis versa.

Page 22: BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

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ALIGNMENT

Five factors to promote trust

Page 23: BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

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Aligning values not only improves brand saliency, but also improves brand trust

Impact on Trust

Established BrandNo Causes

New BrandSupports Causes

Unaligned

New BrandSupports Local Causes

Aligned

Page 24: BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

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Page 25: BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

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Alignment

Ask your consumers where your should put your support – be local and relevant.

Page 26: BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

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Know where you stand and price accordingly

Page 27: BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

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Invest in issue resolution – it matters

Always leverage consumer voice and credentials when you can

Don’t hide the negative, embrace it

Encourage omni-channel interaction

Be local and relevant with your causes

Page 28: BUILDING BRAND TRUST - INSIGHT INNOVATIONinsightinnovation.org/iiex-presentations/NA18/Scott.pdf · SOCIAL MEDIA Why study trust now? 4 ... mouth for your brand. Leverage consumer

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THANK YOU!