a little less conversation slideshare

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A Little Less Conversation, A Little More Action FUTURELAB Feel free to re-use or mash-up this presentation under Creative Commons 2.0 licence (non-commercial, attribution) For more information on this topic, subscribe to: http://blog.futurelab.net

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this is a presentation I gave at Marktplein 2.0 in which I challenged the perspective that WOM was something "new". In stead of talking about "conversations" all the time, marketers should just "get on with it" and start structurally building relationships with customers beyond the P of promotion.

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Page 1: A Little Less Conversation Slideshare

A Little Less Conversation, A Little More Action

FUTURELAB

Feel free to re-use or mash-up this presentation under Creative Commons 2.0 licence (non-commercial, attribution)

For more information on this topic, subscribe to: http://blog.futurelab.net

Page 2: A Little Less Conversation Slideshare

The central theme for Marktplein DM is Marktplein 2.0: A little less action, a little more conversation. A theme that comes from the

current developments in DM and online. The consumer is ever more in charge. Only he seldomly talks with the companies he buys from. And ever more with others about the brands he buys. Positive and negative.

During Marktplein 2.0: A little less action, a little more conversation you

will hear stories from companies who recognise this new situation and act upon it.

FUTURELAB

From the conference brochure

Page 3: A Little Less Conversation Slideshare

Word-of-mouth is 7x more effective than newspaper advertising, 5x stronger than a personal sales pitch and 2x as effective as radio advertisingMarketing Science Institute, 2006

1967 1983 2001 20071955

FUTURELAB

Page 4: A Little Less Conversation Slideshare

After 52 years of facts and research stating that WOM is key

… do marketers still need to learn how to deal with it

FUTURELAB

Page 5: A Little Less Conversation Slideshare

WE FOCUS ON THE SYMPTOMS, RATHER THAN

THE DISEASE

WE DON’T GIVE PEOPLESOMETHING ENOUGH TO

TALK “ABOUT”

WE PREFER A ONE NIGHTSTAND OVER A COMMITTED

RELATIONSHIP

FUTURELAB

Page 6: A Little Less Conversation Slideshare

WE FOCUS ON THE SYMPTOMS, RATHER THAN

THE DISEASE

WE DON’T GIVE PEOPLESOMETHING ENOUGH TO

TALK “ABOUT”

WE PREFER A ONE NIGHTSTAND OVER A COMMITTED

RELATIONSHIP

FUTURELAB

Page 7: A Little Less Conversation Slideshare

What drives conversations?

FUTURELAB

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EXPERIENCE – EMOTION – WOM

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Source: SRD Group, Customer Satisfaction Averages, New Zealand, 2006

“44% of consumers say the majority of their Customer Experiences are “bland”

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Customer Satisfaction Averages, New Zealand, 2006

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And most wouldn’t recommend a brand

BTW: The same often applies to the people working for the brand themselves

Telecom Europe = - 48%

Profusion, 2005

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80% of CEO’s believe their brand provides a superior customer experience

8 % of their customers agree

(Bain & Company)

FUTURELAB

Page 12: A Little Less Conversation Slideshare

Do you talk about brands that leave you indifferent?

FUTURELAB

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Does your brand systematically delight customers?

FUTURELAB

TO AFFECT THE CONVERSATIONDON’T FOCUS ON WOM AS A SYMPTOMYET START DELIGHTING CUSTOMERS

Page 14: A Little Less Conversation Slideshare

WE FOCUS ON THE SYMPTOMS, RATHER THAN

THE DISEASE

WE DON’T GIVE PEOPLESOMETHING ENOUGH TO

TALK “ABOUT”

WE PREFER A ONE NIGHTSTAND OVER A COMMITTED

RELATIONSHIP

FUTURELAB

Page 15: A Little Less Conversation Slideshare

In a million channel world,brands whose consumers tell the best stories, win

FUTURELAB

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Tell me storiesthat make my conversations more interesting

Don’t Just Tell Me Anything

Page 17: A Little Less Conversation Slideshare

FEATURES - BENEFITSVALUES - PROPOSITIONS

WHERE ARE THE STORIES ???

FUTURELAB

Page 18: A Little Less Conversation Slideshare

Brands must become storytellers

FUTURELAB

So it is possible for customers to talk about them.

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THE GREATEST MARKETING STORY EVER

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Origins

Pope Innocent IIIFourth Lateran Council (1215)

Birthstones

Page 21: A Little Less Conversation Slideshare

BUT WHY THE DIAMONDS?

Page 22: A Little Less Conversation Slideshare

1938: Harry Oppenheimer meets Gerold M. Lauk of N.W.Ayer

FUTURELAB

Page 23: A Little Less Conversation Slideshare

1938 19531948 1990s

Cullinan IX

Cullinan III & IV

Europe

FUTURELAB

Page 24: A Little Less Conversation Slideshare

FUTURELAB

Video http://www.youtube.com/watch?v=p0FDGnAIWpk

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1967 The Beers Goes Japan (occasional)1972 Diamonds = 27%1981 Diamonds = 60%2007 Second largest diamond market (after US)

Stories replace 1,500 years tradition

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HemingwayVan GoghChabrolSartre

...

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What is the story of your brand?

FUTURELAB

TO AFFECT THE CONVERSATIONTELL STORIES WHICH CUSTOMERS CAN

AND WANT TO TALK ABOUT

Page 28: A Little Less Conversation Slideshare

WE FOCUS ON THE SYMPTOMS, RATHER THAN

THE DISEASE

WE DON’T GIVE PEOPLESOMETHING ENOUGH TO

TALK “ABOUT”

WE PREFER A ONE NIGHTSTAND OVER A COMMITTED

RELATIONSHIP

FUTURELAB

Page 29: A Little Less Conversation Slideshare

Renault vs. SonyStyle

Are You a One Night Brand?

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How often do you really talk to your customers?

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We show that we value our customers by serving them well, putting their needs and interests at the center of everything we do. (AOL mission statement)

Do you keep your promises?http://

www.youtube.com/watch?

v=xaaAYVUWP0I

Page 32: A Little Less Conversation Slideshare

TO AFFECT THE CONVERSATIONYOU WANT ME TO CARE

If you want me to care …

Call me

Write me

Buy me flowers

But don’t dare take me for granted

FUTURELAB

Page 33: A Little Less Conversation Slideshare

FOCUS ON THE DISEASE, BY MAKING

THE TOTAL EXPERIENCE UNIQUE

TELL STORIES SO PEOPLEACTUALLY HAVE SOMETHING

TO TALK ABOUT

IF YOU WANT CUSTOMERSTO COMMIT TO YOU,

SHOW SOME COMMITMENTFIRST

FUTURELAB

Page 34: A Little Less Conversation Slideshare

But I’m just a marketerThat is not my department …

FUTURELAB

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YES IT IS …

Your brand communicates every time it touches a customer.

As a marketer you need to manage this communication.

This makes you responsible for each“moment of truth”

FUTURELAB

Page 36: A Little Less Conversation Slideshare

1. Identify every touchpoint of your brand

2. Prioritise it’s (emotional) importance to the customer

3. Determine what your brand promise means at this touchpoint

4. Enlist support of your colleagues, retailers, …

5. Measure and manage

Consider Each Moment of Truth as a Brand Expression

Source: DAVIS S., LONGORIA T., “Harmonising Your Touchpoints”, Brand Packaging, Jan/Feb 2003

FUTURELAB

Page 37: A Little Less Conversation Slideshare

TO MANAGE WORD-OF-MOUTH

YOU NEED TO MANAGE THE EMOTION

TO MANAGE THE EMOTION, YOU NEED TO TAKE CONTROL OF THE EXPERIENCE

THIS MEANS GETTING INVOLVED IN EVERYTHING YOUR BUSINESS DOES

FUTURELAB

Page 38: A Little Less Conversation Slideshare

A Little Less Conversation, A Little More Action

FUTURELAB

Feel free to re-use or mash-up this presentation under Creative Commons 2.0 licence (non-commercial, attribution)