Advocate Marketing (1)

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Advocate Marketing (1)

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Advocacy Marketing has been on the rise for several years now, however experts in the field are betting that "2016 will be the year advocate marketing breaks through as a top priority for marketers. – PowerPoint PPT presentation

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Title: Advocate Marketing (1)


1
Advocate
Viral
Marketing

2
Presented by Swift
Marketing RAVE System
Referrals Advocates Viral Engagement
Software Our Mission Increase your referral
generation, improve your brand ambassadors
social sharing, increase your marketing
virality by systemizingcustomer satisfaction
surveys client reviews while also maximizing
your online reputation via positive customer
success story marketing reviews syndication
3
Did you know...
  • 94 of B2B buyers research online for purchasing
    decisions
  • 70 of shoppers base a purchase decision on
    reviews online
  • 63 of small business owners report over ½ their
    business is via referral, yet 79 have no formal
    system for getting referrals
  • People are 400 (4x!) more likely to buy when
    referred by a friend
  • 74 of consumers cite recommendations as key to a
    buying decision
  • If youre not controlling whats said about your
    brand, others are.

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What is Advocate Marketing Viral Marketing?
  • 2 Separate but Related Ideas
  • Advocate MarketingSystematically engaging happy
    customers to refer people to you, and market for
    you. This requires (1.) identifying your
    happiest, most successful customers, and (2.)
    getting them to share their stories online and/or
    via referrals, which requires both ability and
    motivation.
  • Viral MarketingA marketing strategy with
    supporting tactics to get people to share in a
    loop designed to exceed 100 virality, a phrase
    borrowed from biology. The K Factor is a
    mathematical expression of this, which is K
    number of invites sent by each user x of
    conversion of each invitee, where conversion
    means not only buying, but becoming a re-sharer.
    When this exceeds 1.0 (100), your idea / product
    / app / video / media will grow on its own - like
    Facebook, Hotmail.com, Twitter, and others.

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Why should I care?
  1. Going Viral The Holy Grail of BusinessImagine
    your clients self-duplicating more than once per
    customer, without you spending a dime on
    advertising. This is the 1 secret to massive
    growth.
  2. Referred Customers are Better for
    BusinessReferred customers cost less to win,
    cost less to service and maintain, are more
    grateful, share and tell others more, and are a
    joy to work with vs. cold traffic.
  3. Loop Positive Stories back into
    MarketingCustomer success stories should be a
    key part of every companys marketing, and this
    framework makes that easy.
  4. Online Reputation Management ProtectionUnhappy
    customers are 800 (8x!) more likely to share
    online, and every business gets an online
    reputation now like it or not. Shaping your
    online reputation is critical.

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Why should I care?
  1. Negative Feedback Learning OpportunityHopefully
    negative reviews never happen, but if they do,
    youll want to do something about it. Patterns
    especially deserve a close look at whether the
    profits or policies are worth the hit.
  2. Negative Feedback Damage Control OpportunityIf
    some customer is unhappy, ignoring them is likely
    to land you on sites like RipoffReport.com, and a
    single negative review is worth many positive
    reviews in potential damage / lost sales. Being
    the first point of review and making a customer
    feel heard, then reaching out to them to try and
    make it right can help with damage control before
    your reputation is further damaged online.
  3. Positive Feedback has Hidden BenefitsEmployee
    morale, employee performance reviews, help good
    ideas get recognized and implemented across your
    organization, and more.

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In a Transparent World,
the 1st Sale is Just The Beginning.
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How do I go viral?
  • Its simple, but not easy Math
  • Have a great product peopleget real value from.
    Note its not enough to just buy - people need
    to get the actual benefits, and not feel ripped
    off (upfront transparent pricing but usually
    not lowest prices - i.e. Apple iPhones)
  • Those people who get value then share at a rate
    above 100 Net-Acquisition Ratio.Example If you
    have 100 customers, and ½ are raving fans who
    share (50) and on average invite 10 of their
    friends (500 invitations) of which 50 accept
    (250 net signups) and repeat the cycle (50 of
    250 then become raving fans, so you now have 125
    new customers who repeat the cycle). This would
    be a viral coefficient of 1.25 / 125.

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How Does RAVE Work?
We generate review forms for yourwebsite, in any
style you choose If the reviews are Positive,
we then trigger automation - based on your rules
- asking for referrals, social sharing, work to
syndicate the reviews, and trigger marketing
automation. Links to be shared can optionally
have unique tracking URLs, so you can attribute
results and optionally reward advocates.
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How Does RAVE Work?
If the reviews are Negative, we open a trouble
helpdesk ticket, and ask for additional info to
helptry and make the situation better so you
both (1.)maximize damage control before the
customer shares online, and (2.) you notice any
patterns and thus may update policies, retrain
workers, etc.You can also trigger different
automation i.e. thanking the customer for
bringing the matter to your attention.
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How Does RAVE Work?
Reviews can be as specific or general as you
like, and support hidden fields such as purchase
date, agent ID, location of a franchise,
etc. Data can optionally be auto-published for
all, or Positive reviews only, none at all, or
just a givencategory i.e. specific agent,
location, product, or service. One major goal of
positive reviews is to usethese in marketing.
Well also generatemicroformat stars based on
your rules and reviews.
12
Why Wait? Get Started Today
If youve read this far, just double down and you
can get started in minutes. Click through to
SwiftMarketing.com/RAVE
90 Day Satisfaction Guaranteed Pro help
services available Custom integration
programming available
13
Further Reading
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What is Net Promoter Score?
Net Promoter or Net Promoter Score (NPS) is a
leading management system that can be used to
gauge the loyalty of a firm's customer
relationships. It serves as an alternative to
traditional customer satisfaction research and
claims to be correlated with revenue growth. -
Source Wikipedia Net Promoter is one of several
systems of measuring customer satisfaction and
loyalty. Each has their own merits liabilities
we encourage you to investigate further.
Net Promoter, Net Promoter System, Net Promoter
Score, NPS and the NPS-related emoticons are
registered trademarks of Bain Company, Inc.,
Fred Reichheld and Satmetrix Systems, Inc.
SwiftCloud is not endorsed by nor affiliated with
the Net Promoter System as of January 2017.
15
Important Considerations
  1. What people say theyll do, and what they
    actually do are very different things. If they
    say a customer says theyd refer you, but dont
    actually do it, your business doesnt grow, and
    the data is not as statistically valid.We
    believe the ideal system measures not just what
    people say theyll do, but (1.) actual repeat
    purchase behavior and specifically up-sells, and
    (2.) actual online sharing and (3.) tracks actual
    referrals made.
  2. Some systems do not reflect actual behavior of a
    customer journey from a cautious probationary
    buyer (who may refund if things dont go well),
    to a repeat buying raving fan.

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Implementation Outcomes
  1. Real, actionable insight into customer
    satisfaction
  2. Connect happy customer stories to marketing
  3. Act on unhappy customer patterns
  4. Engage happy customers into actual direct
    referrals
  5. Motivate empower positive reviews to socially
    share online
  6. Automatically segment positive customers for
    upsell cross-sell
  7. Automatically thank negative reviewers for
    feedback reduce damage
  8. Connect positive stories to employees to reward
  9. Connect positive stories to policies to make
    repeatable
  10. Automate requests for additional referrals from
    the people likely to do so

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Specific Segmentation Options
  1. Categories can be hierarchical - for example, a
    given worker nested under a specific franchise or
    location
  2. Hidden / invisible tracking variables can be
    added for tracking private data (say, purchase
    price, product purchased, date purchased, sales
    rep, service rep, etc.) and will show on
    reporting (can be exported as CSV or to Excel)
  3. Separate taxonomies such as service, products are
    allowed, and workers reviewing the workplace
    (i.e. for Glassdoor recruiting efforts, etc.)
  4. Rolling averages keep a constant score for a
    given data segment

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Enterprise Options
  1. Scheduled Purging (for site performance large
    scale data, as well as medical HIPAA data
    handling rules)
  2. Variable Rolling Averages, or time-window based
    averages i.e. 90 day average or last 30 votes
    averages.
  3. API to track nonresponders a non-response score
    varies by organization but is usually somewhere
    passive or lower. By tracking non-responders
    with those who do, youll have more accurate
    insight into real-world stats.
  4. Scheduled Reporting automatically receive a
    PDF, with recipient specific to category i.e. for
    multiple locations or varied stakeholders
  5. Repeat-Reviewer Trend Tracking auto-merging
    repeat reviewers to compare history
  6. SMS Conversational Reviews unified with your web
    and/or phone stats
  7. Twilio Phone API for Voice-based reviewing
    unified with your web stats

19
Why Wait? Get Started Today
If youve read this far, just double down and you
can get started in minutes. Click through to
SwiftMarketing.com/RAVE
90 Day Satisfaction Guaranteed Pro help
services available Custom integration
programming available
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