Why? The Right Question that Builds Brands in Social Media

Post on 07-Nov-2014

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In my five years of research, consulting and managing social media, I have been asked thousands of questions. Where? (Where do I post? Where do I engage?), How? (How do I listen? How do I measure? How do I find influencers?) and today's hot topic, given the need for content to feed the social media beast, What? (What do I say? Do I post pictures, videos, text? Am I funny or serious? Am I professional or casual? Should I offer discounts and contests to lure new fans?) What I almost never hear asked is Why? Not simply the "small whys" such as "Why is my brand on Facebook" and "Why should anyone care to engage with my brand?," but also the "great, bit whys," such as "Why does my business exist?," "Why should people buy from me and not my competitors?," and most importantly, "Why should anyone care about my brand?" I present an approach to driving both social media and business success: 1. Discover a higher purpose 2. Make it Real 3. Live it in Social Media I present five brands that have succeeded following this recipe: Secret Clinical Strength, U bu Kotex, Barclaycard Ring, USAA and Chipotle. For more information non this presentation, please visit my blog: http://www.experiencetheblog.com/2013/10/why-right-question-that-builds-brands.html

Transcript of Why? The Right Question that Builds Brands in Social Media

Why?The Right Question that Builds Brands in Social MediaAugie Ray

Where?

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How?

What?

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Why

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Start With WhySimon Sinek

http://amzn.to/StartWithWhy

Can’t Buy Me

LikeBob Garfield & Doug Levy

http://amzn.to/CantBuyMeLike

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What

How

Why

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What

How

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What

How

Why

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WhyLinux

Mac

Windows

Source: http://www.asymco.com/2013/04/16/escaping-pcs/

70%

39% 40%

63%

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Why

Cash: $11.2BShort-term Securities: $31.4B

Meaningful Brands, US

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Only 9% of brands are perceived as making a meaningful difference in people's lives.

Consumers would not care if 92% of brands disappeared

GoogleSamsungMicrosoftNestleSonyIkeaDoveNikeWalmartDanone

PhilipsP&GAdidasMercedesSpriteVolkswagenHondaLeroy Merlin

UnileverL’OrealStarbucksActiviaCoca-colaToyotaH&MAudiAppleEvian

ZaraHeinekenLG

Meaningful Brands

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STOXX Global 1800

Index 

MBiMeaningful

Brands Index 

$

Sto

ck P

erf

orm

ance

AmazonHondaSouthwestBMWIDEOStarbucksCarMaxIKEATimberlandCaterpillarJetBlue

ToyotaCommerce BankJ&JTrader Joe'sContainer StoreJordan's FurnitureUPSCostcoLL BeanWegmans

eBayNew BalanceWhole FoodsGooglePatagoniaHarley-DavidsonREI

Index: 1996 to 2011

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S&P: 157% 

Firms of Endearment

1,646% 

$

Sto

ck P

erf

orm

ance

AmazonHondaSouthwestBMWIDEOStarbucksCarMaxIKEATimberlandCaterpillarJetBlue

ToyotaCommerce BankJ&JTrader Joe'sContainer StoreJordan's FurnitureUPSCostcoLL BeanWegmans

eBayNew BalanceWhole FoodsGooglePatagoniaHarley-DavidsonREI

Index: 2009 to 2012

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S&P: 3.3% 

Firms of Endearment

21.06% 

$

Sto

ck P

erf

orm

ance

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People don’t buy what you do, they buy why you do it.

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People don’t buy what you do, they buy why you do it.

“1. Discover a higher purpose

3. Live it in social media

2. Make it real

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DISCOVER A HIGHER PURPOSE

http://www.flickr.com/photos/calsidyrose/

U by Kotex Takes a Stand

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Our Mission

Over three-quarters of girls feel like they shouldn’t talk about their vagina or vaginal health in general.

We’re working to put an end to all of that by bringing girls together to drive real social change about one of the most important aspects of being a girl. We believe that when girls have a shared voice, the myths, misinformation and embarrassment lose power. And truth, pride and facts gain strength.

Barclaycard Lets Customers Decide

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Secret Tackles Bullying

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HOW ARE WE PUTTING A STOP TO BULLYING?

We’re here to say that being Mean Stinks! What kind of Mean? Girl-to-girl bullying, face-to-face, text-to-text, whatevs. This is the place for undoing it. Grab your friends and #gangupforgood with anti-bullying tips, tools, and challenges to help end girl bullying at your school!

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Chipotle wants food with integrity

What is Food with Integrity?

Food with integrity is our commitment to finding the very best ingredients raised with respect for the animals, the environment and farmers.

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USAA Serves Those Who Serve

USAA's mission is to facilitate the financial security of its members, associates, and their families through provision of a full range of highly competitive financial products and services; in so doing, USAA seeks to be the provider of choice for the military community.

Our Mission

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MAKE IT REAL

http://www.flickr.com/photos/strupey/

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Whymake it real

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Old New

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Old New

Supply rising, demand steady

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Pri

ce

Quantity

SupplyDemand

Equilibrium

Consumers Pay with Trust and Attention (and price is dropping)

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Ads on websites

Posts by companies or brands on social networks

Emails from companies or brands

Information on company or brand websites

Consumer-written online reviews

Professionally written online reviews

Brand/product recommendations from friends & family

10%

15%

18%

32%

46%

55%

70%

To what extent do you trust each of the following types of advertising/promotion?

Source: Forrester, Q2 2012

Consumers Pay with Trust and Attention (and price is dropping)

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Source: MarketingWeek, July 2013

Global Facebook page engagement rate by industry

U by Kotex Takes a Stand

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"This is more than a Web site. This is a social movement aimed at changing the conversation."

Barclaycard Lets Customers Decide

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“It’s your card, why should we have all the say in how it works?”

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Secret Tackles Bullying

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Chipotle wants food with integrity

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USAA Serves Those Who Serve

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LIVE IT IN SOCIAL MEDIA

http://www.flickr.com/photos/fbouly/

U by Kotex Takes a Stand

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• 4 million interactions• 3 million sample

requests • Increased market share

from 4% to 7.8%

Barclaycard Lets Customers Decide

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“I've been learning from other cardmembers every time I login to my account.”

• Over 50 crowd-sourced ideas implemented

• 50% fewer customer complaints and 25% greater customer retention

• Annualized benefit of over $10 million

Secret Tackles Bullying

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#GangUpForGood

• 1.3 million impressions in users’ newsfeeds

• Total brand dollar share up 8% in one year

• Clinical family of SKUs, the products associated with Mean Stinks, grew 20% YOY.

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Chipotle wants food with integrity

• Chipotle same-store sales increased 5.5% in Q2 2013, more than double the restaurant industry average.

• By comparison, in 2013 Qdoba is shuttering 67 stores—20% of its company-owned stores.

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USAA Serves Those Who Serve

• USAA earns the most trust from its customers across 246 companies in 19 industries - Temkin Trust Ratings.

• USAA Bank's Net Promoter Score of 83% is the highest score among more than 200 brands across 22 sectors.

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Why

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THANK YOU

http://www.flickr.com/photos/orinrobertjohn/