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How to stimulate brand recommendationsResearch organisations are constantly updating figures tallying how many branded messages are being pushed at consumers. In South Africa, we are currently being bombarded with around 900 branded messages per week. What is even more staggering is that only four of those messages break through the increasing advertising clutter to generate top-of-mind awareness. However, those advertising messages that do break through generally create a lot of impact. 22% of all brand-related conversations are initiated through advertising. A great example being the Darth Vader VW ad, which now, due to social media, is the most watched ad in the country - with almost 60 million hits online and growing. What starts brand-related conversations?This article focuses on what starts the other 78% of brand-related conversations while looking at what we as brand custodians can do to further stimulate this area. It's a given that, on average, one out of every three recommendations will be acted upon. Theoretically then, for every three recommendations that you can stimulate, you could generate a new sale. Say, for example, that you have a consumer base of 100 000 customers and 30% are real fans of your business, with each of the fans spreading a recommendation to a friend. Statistically, you should be able to generate 10 000 new sales. If the cost of the product is R100, that would then be worth R1 million in sales - purely based upon Word of Mouth recommendations. This is in theory, yet by tracking purchasing behavior, we are able to assign real Rand amounts to the value of a recommendation. Recommendations are powerfulRecommendations should be the Holy Grail for marketers. They are infinitely more powerful than advertising messages, purely for the reason that they are trusted and people act upon trust. We have plenty of qualitative research backing this up and statistics show that 76% of consumers believe that companies are not telling the truth via conventional advertising. Consumers rate their trust in advertising at only 15% versus their trust in Word of Mouth at a draw-dropping 92%! So measurement metrics should not only look at 'cost per thousand' or 'impression rates' but also include a value weighting according to the Trust in that message - showing the propensity for action that that message generates. This makes the measurement more robust, slightly more two-dimensional and can illustrate potential pull through to sales (similar to Facebook's Edge Ranking that looks at Weight, Affinity and Time). How to stimulate recommendations:
About Jason StewartJason Stewart is the co-founder and MD of HaveYouHeard (www.haveyouheard.co.za), a communications agency immersed in culture to influence it. With 11 years' trading experience and offices in Johannesburg, Cape Town and London, HaveYouHeard uncovers unique insights to create innovative ideas that influence the audience by bringing the brands it partners with to the centre of culture. View my profile and articles... |