Don't ever underestimate the power of commonality and endorsement. --Bill Cates
I recently splurged on a digital SLR (define) camera. As a responsible shopper, I spent several weeks researching cameras and had my mind set on the Nikon D40. Then, something happened. On a Yahoo parenting group, one member had her blog address in the signature. Upon visiting this mom's blog, I noticed she had fantastic photos of her children accompanying each of her entries. I wanted her camera. Through correspondence via the comments field of her blog, I found out she had a Canon EOS Rebel xTi; she also let me know the lens, flash, and camera bag she owned (and loved). Twenty-four hours later, I'd ordered all the above (and spent about a grand more than originally budgeted).
As marketers, we know word of mouth's power, but online it takes on new meaning because of the medium's social nature. In the last year, Yahoo and comScore Networks have been exploring the connection between social media and purchase behavior. In a joint study, "Engaging Advocates Through Search and Social Media," released last December, Yahoo and comScore discovered brand advocates have tremendous influencing power and are heavy online users. Additional key findings included the following.
Who Are Brand Advocates?
Brand advocates are adventurous opinion leaders who are socially well connected (50 percent versus 12 percent of nonadvocates), express their opinions and viewpoints (65 percent versus 33 percent), and continually discover new content online.
Brand Advocates Embrace Research
Brand advocates are heavier searchers (48 percent vs. 39 percent for nonadvocates) and use search engines more prior to purchase than nonadvocates (76 percent vs. 64 percent).
By investing in the research process, brand advocates feel more satisfied with their decisions and use social media to spread the word.
Brand Advocates Spread the Word
Brand advocates believe good brands are worth talking about (60 percent vs. 25 percent of nonadvocates). Approximately 90 percent of advocates will write something positive about the purchase they made and are more often promoting than negating it. They have a near 2-1 impact on conversion compared to nonadvocates.
Social Media Is Interwoven Into Advocates' Daily Lives
Post purchase, half of all advocates megaphone (to friends, family, and strangers) through a variety of online and offline channels.
Now that we understand the power of advocates, how does this impact our planning? What role does behavioral targeting play? To reach advocates, advertisers must think beyond traditional targeting criteria to focus on the attributes and behaviors that motivate advocates:
Behavioral targeting has an important role in this schematic. Through the use of technology, publishers and advertisers can create a profile on key advocates, then use this information to identify others with a similar DNA. Messaging to this audience should be unique and cater to the characteristics described above.
This is a fresh way of thinking about behavioral targeting. In the past, if you asked most marketers who was more important, the consumer who just looked up a trip to Italy or the consumer who actively posts on a group regarding Italy, most would say the former because she's in market. However, the person who actively posts in the Italy group is much more likely to affect the purchase behavior of others.
Furthermore, building a DNA on these advocates can also guide strategy. For example, if a high propensity of members on Italy tourism groups are also searching for ski trips and items, that may prompt an interesting sponsorship, promotion or placement on a ski site. Thereby, behavioral targeting begins to take on new meaning beyond just a targeting tool; it serves also as a research tool. For now, we'll save that for another column.
Meet Your Favorite ClickZ Contributors
Many of ClickZ's leading expert contributors will be at ClickZ Live, the new online and digital marketing event kicking off in New York (March 31-April 3). Hear from the likes of: Jeremy Hull, Lisa Raehsler, Andrew Goodman, Bryan Eisenberg, Mathew Sweezey, Aaron Kahlow, Stephanie Miller, Simms Jenkins, Jeanne S. Jennings, Dave Hendricks and more!
Based in New York, Anna Papadopoulos has held several digital media positions and has worked across many sectors including automotive, financial, pharmaceutical, and CPG.
An advocate for creative media thinking and an early digital pioneer, Anna has been a part of several industry firsts, including the first fully integrated campaign and podcast for Volvo and has been a ClickZ contributor since 2005. She began her career as a media negotiator for TBS Media Management, where she bought for media clients such as CVS and RadioShack. Anna earned her bachelor's degree in journalism from St. John's University in New York.
Anna's ideas and columns represent only her own opinion and not her company's.
March 19, 2014