Monday, 26 august 2019 | Redacción CEU
You are likely to have found yourself in front of your TV secreen, cell phone or laptop thinking more than once: What series can I watch now? Series lovers know that one of the best ways to succeed in choosing new series to watch is through recommendations. Certainly, this recommendation will always be more useful when the person who gives it is closer to you, as friends and family know your tastes, what you are like and what may surprise you. There is so much to see and so little time to do it that nobody wants to risk making a bad decision. It is when the "word of mouth" strategy becomes one of the best guarantees of success. But people not only learn about new shows by asking, but by listening as well. When a series go beyond your expectations, you are the first person who wants to share your find. The rest of the people do the same. In fact, social networking sites now enable messages to go viral. The same thing happens with brands.
When analysts study what leads consumers to learning about a new brand, product or firm, they usually come to the same conclusion: "word of mouth" continues to be one of the key strategies to take into consideration. For example, this is the main conclusion of an analysis carried out by the company Yes Marketing. This study claims that there is a perceptible difference between the influence exerted by friends and family and the one exerted by other channels. In particular, 45% of consumers learn about new brands thanks to their inner circle. The rest of them find them out through other formulas such as searching for information on Google (16%), watching traditional advertisements (14%), reading users reviews and via recommendation (8%) or listening to the messages of influencers and celebrities (4%).
For a long time, "word of mouth" has been presented as one of the most powerful tools to win customers over. However, the technological development, new techniques and, in short, the passing of time have ended up eclipsing this humble strategy. According to a study conducted by Data & Marketing Association (in partnership with Mention Me), only 23% of companies now have referral programs to promote customer acquisition. Marketers understand what the potential of recommendations is, as is evidenced in their interest in influence marketing, but sometimes they forget that old maxim that says: "The closer the person who gives you a recommendation is, the greater capacity to influence they have". That is the reason why, today, in CEU IAM's Blog, we offer a series of tips for boosting the "word of mouth" strategy in your company:
Build your strategy on the power of truth
You should never pay a consumer to speak highly of your brand. You can always use the help of an influencer to promote a campaign. However it is crucial that celebrities are convinced of the brand's benefits and that their profiles fit with the brands' values. Otherwise, campaigns may fail. In the short term, someone may manage to pretend they are keen on a product or brand, but, at the end, truth will out. As time goes by, if their interest is false, consumers may notice the trick and, consequently, the reputation of influencers and firms will be in danger. Turning around such a situation is almost impossible. Likewise, a firm that hires fake consumers to generate positive comments risks losing its credibility. The best formula to persuade and promote conversations is to bet on quality and truth. Find out what makes your brand different and what is best about it, as well as work on its continuous improvement!