Marketing in a ‘Post-Trust’ World
Transcript of Marketing in a ‘Post-Trust’ World
#inTC17
Penry PriceVP, Marketing Solutions
Marketing in a ‘Post-Trust’ World
WHY ?
Trust in Media and Marketing is in Flux
The Tech Industry is not Excluded
Trust in Tech Flat While Other Sectors Rise
2012 2013 2014 2015 2016 2017
Source: 2017 Edelman Trust Barometer Q45-429. Please indicate how much you trust businesses in each of the following industries to do what is right. Again, please use the same nine-point scale where one means that you “do not trust them at all” and nine means that you “trust them a great deal”. (Top 4 Box, Trust) General Population, 25-country global total.
Trust in each industry sector, 2012-2017
Industry 2012 2013 2014 2015 2016 20176 yr.
Trend
NeutralDistrust Trust
Technology 76% 73% 75% 73% 74% 75% 1
Food & Beverage 63% 63% 64% 63% 64% 66% 3
Automotive 62% 65% 69% 66% 60% 65% 3
Consumer PackagedGoods
57% 60% 61% 60% 61% 63% 6
Telecommunications 58% 60% 61% 59% 60% 63% 5
Energy 53% 57% 57% 56% 58% 62% 9
Financial Services 43% 47% 48% 48% 51% 54% 11
Importance vs. performance of behavior in building trust in a technology company
Tech Falling Short on Transparency, Data Protection and Inclusiveness
79
76
73
68
71
68
82
85
83
81
85
84
Develops innovations that have a positive impact on my life and theworld
Ensures quality control
Contributes to the greater good
Has leadership that effectively represents the interests of all stakeholders
Protects consumer data
Is transparent and authentic in how it operates
Importance
Performance
16
Performance Gap
14
13
10
9
3
Largest performance gaps among values—openness and inclusion—that tech sector historically embodies
Source: 2017 Edelman Trust Barometer. Q336-657. How important is each of the following behaviors to building your TRUST in a company? Use a 9-point scale where one means that behavior is “not at all important to building your trust” and ninemeans it is “extremely important to building your trust” in a company. (Top 4 Box, Importance) Q348B- 348M. How well do you think the technology industry is performing on the behaviors listed below. Use a 9-point scale where one means they are“performing extremely poorly” and nine means they are “performing extremely well”. (Top 4 Box, Performing), question asked of one-fifth the sample. General Population, 28-country global total.
Percent trust in various technology industry sub-sectors, 2016 vs. 2017Technology Innovations Yet to Earn Trust
76
49 4954 54 55
60 63
Cloud storage Internet ofThings
Virtual/augmented/mixed reality
Autonomous/self-driving
vehicles
TechnologySector
Blockchaintechnology
Sharingeconomy
businesses
Telecoms/mobile
NeutralDistrust Trust
5 of 7 tech sub-sectors not yet trusted
+1 +3 +17+5+2
+ Y-to-Y Change-
n/a n/a n/a
Source: 2017 Edelman Trust Barometer. Q45-429. Please indicate how much you trust businesses in each of the following industries to do what is right. Again, please use the same 9- point scale where onemeans that you “do not trust them at all” and nine means that you “trust them a great deal”. (Top 4 Box, Trust) Q63E-71E. Now thinking about specific sectors within the technology industry, please indicate howmuch you trust businesses in each of the following sectors to do what is right. Again, please use the same 9-point scale where one means thatyou “do not trust them at all” and nine means that you “trust them a great deal”. (Top 4 Box, Trust), question asked of one-fifth of the sample. General Population, 28-country global total.
Reach the right audience, in the right environment, to drive effective engagement
Quality Professional
Context
Quality User Experience +
Ad Placements
Brand Safety
Trusted Platform
ENVIRONMENT
It’s Important to Understand Customers’ Mindsets
1 – The Mindset Divide research study, TNS, September 2012
Personal Networks
“Spend Time”
Info on friendsInfo on personal interests
Entertainment updates
Professional Networks
“Invest Time”
Career infoUpdates on brands
Current affairs
Mindset Means the Quality of Engagement is Very Different
vs
The Professional Mindset is Markedly Different
Trending topics by social media platforms – 8th Nov, 2017
• Raghuram Rajan
• Hyderabad City Police
• Ryan International Schools
• Prakash Raj
• Yamuna Expressway
• Delhi Metro
• Is the 40-hour work week dead?
• Uber is getting a big makeover
• How popularity works at the office
• Amazon Key Service launched
• Political’ skill needed in tech now
• Workplace surveillance on rise
• #KetchupBan
• #Breathofdeath
• #Twitter280characters
• #ChaloKerala
• #Tom-Mayo
• #RyanMurderCoverup
LinkedIn – AN IDEAL PLACE TO ESTABLISH A TRUSTED VOICE
Differences in Platform Trust
70%
32% 30%
0%
10%
20%
30%
40%
50%
60%
70%
80%
BII Digital Trust Rankings
LinkedIn Facebook Twitter
Source: Business Insider Intelligence ‘Digital Trust Report’ June 2017
Trusted for: Reliability, content, safest to post and least annoying ads
99%Find LinkedIn to have the least annoying ads
Source: Business Insider Intelligence ‘Digital Trust Report’ June 2017
0%
10%
20%
30%
40%
50%
60%
Platform with most confidence into protect your privacy and data?
Platforms least likely to showyou deceptive content, fakenews, scams, or click bait?
Platform do you feel the safestparticipating in or posting on?
Platform has the most annoyingads?
LinkedIn Facebook Twitter
Source: Business Insider Intelligence ‘Digital Trust Report’ June 2017
15% 17%21%
45%
55% 55%
43%
1%
9%7%
13%
6%
LinkedIn can triangulate all three sources of trust in one place
60%For the first time, “a person like yourself” is now as credible a source of information as an expert.
55%55% say individuals are more believable than institutions. Trust in mainstream media has also fallen to a 17 year low.
25%A company’s social media is seen to be 25% more believable than its advertising
So what are the practical steps organizations can
take?
Activate the 5 Pillars of Digital Trust
Sources: ‘How Thought Leadership supports B2B Demand Generation’, Edelman/LinkedIn. June 17, Source: Business Insider Intelligence ‘Digital Trust Report’, June 2017. Source: http://kapost.com/content-marketing-facts/
ADD VALUE AT THE MOMENTS THAT
MATTER
83%Of business decision makers say Thought Leadership builds trust in an organization1
CONTENT
COMMUNICATE WITH A HUMAN
VOICE
60%Of consumers say their peers are the most trusted voices
COMMUNICATE
BE A PARTOF THE
COMMUNITY
61%Say a company’s social media is more believable than its adverts
COMMUNITY
BE PRESENT, BE CONSTANT
70%Of consumers say they prefer to get to know a brand through constant content than campaigns
CONTINUITY
THINK CONTEXT AS WELL AS
CONTENT
3xLinkedIn is a trusted platform to post and engage
CONTEXT
THANK YOU