Learn why loyal customers are more profitable, how customer referral through social media helps you to effectively attract new ones and the keys to success for a social referral platform.
8. Why would anyone recommend your brand to another?
WHY LOYAL CUSTOMERS ARE MORE
PROFITABLE
9. Why would anyone recommend your brand to another?
HIGHER CUSTOMER LOYALTY HELPS YOU
ACHIEVE YOUR COMPANY GOALS
• Deliver superior customer value
• Increase revenue and market share
• Higher contribution margins
• Increase customer share of wallet
• Better company or brand image
• Attract and retain the best employees
13. Effectiveness of social media and other marketing channels
METCALFE’S LAW
• The greater the number of users in a network the
greater the value of that network
• The greater its power of attraction for potential new
users
• It is an exponential curve
14. Effectiveness of social media and other marketing channels
SOME SOCIAL MEDIA STATISTICS
• More than half the population is under 30
• 96% of Millennials have joined a social network
• Facebook has more internet traffic than Google
• YouTube is the second largest search engine in the world
• 25% of search results for the World’s Top 20 largest brands
are links to user-generated content
• 34% of bloggers post opinions about products & brands
• 80% of companies use social media for recruitment
• Social Media is the #1 activity on the web
16. Effectiveness of social media and other marketing channels
SOCIAL MEDIA MARKETING ADVANTAGES
• Attract unique target groups
• Lower acquiring and retention cost
• More positive word of mouth
• Higher customer satisfaction
• Better customer knowledge
• Higher brand awareness
• Higher customer lifetime value
19. Fulfilling your brand promise
WHICH STORY IS CAPABLE OF MOVING THE
EMOTIONS OF YOUR PUBLIC?
• Brand – activation – conversation
• Start with company and brand strategy
• Delivering a consistent experience across all channels
and touch points is the new challenge
• Helping consumers to talk constructively about your
brand
• Turning loyal customers into brand ambassadors
• Every person is a medium
20. Fulfilling your brand promise
THE VALUE OF EXPERIENCES
• The experience element in the above formula is
critical
• Experience and conversations are the engine room of
learning, and conversation is the first learning
technology
22. Getting the conversation on your brand going
THE NEW FRAMEWORK EXPERIENCE TOOLS
• High connectivity with different social media
and platforms
• Platform for creating consistent and unique
digital customer experiences
• Using tailor-made incentives to boost
conversations and customer referral
• Generating customer intelligence - referral value
• Scalable and flexible for seizing every
opportunity instantaneously