Showing posts with label word of mouth. Show all posts
Showing posts with label word of mouth. Show all posts

Wednesday, February 12, 2014

Social Media Is The New Word of Mouth




As marketers, we must find a way to capitalize on the opportunity that social media provides.  It’s not enough to just communicate with potential consumers and hope they happen to click to your brand, like it, and interact with it.  We sometimes look at social media as something that is connecting people around the world to our brand but we have to look deeper than that.  Social media is connecting consumers with people in their own communities and personal spheres.  It is through interacting with other individuals talking about your company that consumers will engage, search, and find the specific brands and products that will be the best fit for them.  

The New Marketer

Traditional avenues of communications and advertising are important in attracting attention and brand resonance but social media has added a new wrinkle to the communication mix.  Powerful tools of communication are in the hands of the public now and they can at once hurt and help your brand in an instant, depending on their own personal experiences with it.  The power of word-of-mouth is hundred times more potent and powerful in this digital age.  “Social media has evolved from a mere post it-answer it model…to instantaneous publish-subscribe models,” providing an instantaneous call and response to an individual’s followers regarding what to purchase and where to purchase.   An excellent example of this kind of connection between consumers is when an individual “stands in front of a refrigerator in a store and check out reviews of that model; the consumer can Twitter his network to get advice on all models, this brand, and this store instantaneously…buying hesitancy is removed and the purchase takes place.” (Qualman, 2013, p. 83)

This is an extreme example but illustrates a great opportunity for marketers and companies to track how people are discussing the brand and allows them the ability to interject and take part in that conversation.  Word-of-mouth has always been an important tool that marketers were never able to take full advantage of until now.  Word-of-mouth now exists in the digital realm and happens in an instant.  Marketers can now physically watch and interact as it happens and spreads.  This video shows one small company, without the resources of a major corporation, finding great success in connecting with the word-of-mouth conversation already happening around the subject of wine.

Jared & Subway

So how can marketers take advantage of these conversations occurring without them?  Like the people at the Wine Library, they can jump into that conversation, searching for where people are talking about their product and comment and interact with consumers.  Subway is a major example of a company that nearly missed the boat on an opportunity where people were already talking about their sandwiches.

Jared’s Subway weight loss story was a major marketing win for the company.  His story presents the sandwich maker and its low-fat sandwiches in a positive light.  Since Jared started as a Subway spokesman, sales have grown at an incredible rate.  However, when the Jared idea was first introduced to the company, Subway rejected the entire idea behind it.  Jared was someone who “was an avid user of [Subway’s] product and service” that the company dismissed out of hand.  However, once they turned around on the idea, the company found unprecedented success.


Subway’s Jared experience, though not taking place through social media, demonstrates a great overall lesson that is vital we learn as marketers in this new digital age.  Essentially, companies “need to be comfortable in knowing that not everything related to the brand will be owned by them; their customers will take ownership.” (Qualman, 2013, p. 85)  Conversations about their products and brands are already happening on the Web and will continue to happen with or without their input.  Marketers need to watch this conversation happen and help guide it towards a positive view of the company and/or brand in order to achieve success. 

How can businesses use social media to steer the conversation?  Great, immediate customer service over Twitter and commenting on blogs is a great way to increase their own interaction with consumers talking about their brand.   But how else can companies interject themselves into conversations already happening in regards to their company/brand?

Works Cited
 
Qualman, E. (2013). Socialnomics: How Social Media Transforms the Way We Live and Do Business. Hoboken, NJ: John Wiley & Sons, Inc.