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BSI Word of Mouth Strategy – Insert the Right Shape Peg
1.
BSI Word of
Mouth Strategy – Insert the right shape peg Marketing 2.0 Conference, Amsterdam 2007
2.
Join the conversation MARKETING
2.0 CONFERENCE www.marketing2conference.com
3.
WoM Strategy: inserting
the right shape peg Matt Rowley, Managing Partner Central contact: matt.rowley@thecentralgroup.com
4.
attitudes to ‘word
of mouth marketing’ The new strategic focus of our marketing communication. A great new tactic. Where can I buy WoM units and what’s the ROI? A wild goose chase. What would we do differently anyway? © central 2007
5.
WoM in healthcare
The greatest influence on a physician adopting a new therapy is colleague recommendation* Contributing factors: • Complexity - the more information that needs to be processed, the more useful Word of Mouth becomes • Risk - higher levels of risk understandably increase our desire to learn from others' experience • Noise - the more promotional noise there is, the harder it can be to make purchasing decisions and the more important word of mouth becomes © central 2007 *Social Relations and Innovation in the Medical Profession - Public Opinion Quarterly, 19, 1955; Elihu Katz
6.
adoption decision cycle*
- the stages NEED KNOWLEDGE PERSUASION DECISION CONFIRMATION IMPLEMENTATION © central 2007 *Adapted from Diffusion of Innovations, 5th Edition, Everett M. Rogers
7.
adoption decision cycle*
- key modes of influence NEED KNOWLEDGE PERSUASION WoM PROMOTION WoM DECISION CONFIRMATION WoM IMPLEMENTATION © central 2007 *Adapted from Diffusion of Innovations, 5th Edition, Everett M. Rogers
8.
traditional “TV industrial
complex”* € Ads, reps, Customer and Promotional online, BTL, market insight strategy education etc WoM? © central 2007 *Seth Godin - The Purple Cow
9.
WoM centered strategy
€ How will Ads, reps, Customer and WoM work? online, BTL, Real WoM market insight WoM strategy education etc Framework fits - organisational impact? © central 2007
10.
the shift How
do I get the How do I optimise best ad and colleague sales aid? recommendation? • Ultimate from to © central 2007
11.
the word of
mouth interaction What they’re saying “ “ The WoM Story The talker and listener Opinion Leadership © central 2007
12.
theory into action
Word of Mouth Stories Strategic plan + Opinion Leader Strategy © central 2007
13.
stories stories
14.
the Three rules
of Epidemics* • The Power of Context - “An epidemic can be tipped by tinkering DISEASE STORY™ with the smallest details in the immediate environment” • The Stickiness Factor - “There is a simple way to package information that, under the right BRAND STORY™ circumstances, can make it irresistible.” • The Law of the Few - “The success of any kind of social epidemic is heavily dependent on the involvement of people with a rare set of social gifts” © central 2007 *From The Tipping Point - Malcolm Gladwell
15.
Disease and Brand
Story™ example Disease Story™ Brand Story™ “obesity is an epidemic in the “by targeting visceral fat in western world which is best patients with high waist identified using the hip/waist circumference, Acomplia both ratio measurement. There is reduces weight and improves a particularly dangerous sort multiple cardiovascular risk of metabolically active fat, factors” called visceral fat, which is distributed around the waist line. Visceral fat is a root cause of diabetes and cardiovascular disease” © central 2007 Please note this is dummy data synthesised through observation
16.
when creating Disease
and Brand Stories™…. • They need to be based in the future yet • realistic yet • ambitious © central 2007
17.
opinion leader strategy
18.
opinion leaders: a
change in paradigm An opinion leader is an “The success of any kind important customer that of social epidemic is heavily other customers listen to dependent on the involvement of people with a rare set of social gifts”* One dimensional view - Multi dimensional view - also focuses purely on their understands what makes influence them influential • Sphere of influence • Word of Mouth skills • Adoption of innovation © central 2007 *from The Tipping Point by Malcolm Gladwell
19.
characterising opinion leaders
WoM Skills Connectors “a special gift for bringing the world together” Mavens assimilators of vast amounts of information that they use to spot opportunities which they then enjoy passing on to others Persuaders the skills to persuade us even when we are initially skeptical of what we are hearing laggards early late innovators early majority majority adopters © central 2007
20.
planning
21.
22.
final thoughts
23.
a final reflection
© central 2007
24.
© central 2007