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Mastering
the
Marketing Funnel
in the Social Age
  presented by:


Copyright © 2012 108 degrees, llc. All rights reserved.
contents

                           what is the                    awareness   consideration   preference   action
                           funnel?




                                                                      loyalty         advocacy     your funnel




Copyright © 2012 108 degrees, llc. All rights reserved.
what is the funnel
                                                          the marketing funnel
                                                          Sometimes referred to as the
                                                          ‘purchasing funnel’, it is a model that
                                                          illustrates the theoretical customer
                                                          journey towards the purchase of a
                                                          particular product or service
                                                          Developed in 1898, it has evolved today
                                                          to a 6-step process that is enhanced by
                                                          today’s social media and digital
                                                          revolution



Copyright © 2012 108 degrees, llc. All rights reserved.
what does your funnel look like?
                                                          your marketing funnel
                                                          As we go through this presentation, think
                                                          about what YOUR marketing funnel looks
                                                          like. Ask yourself:
                                                           • How is my marketing process
                                                             represented in each area of the funnel?
                                                           • Does my process in this area of the
                                                             funnel contribute to the end goal?
                                                           • What could I do to make my funnel
                                                             more effective?




Copyright © 2012 108 degrees, llc. All rights reserved.
awareness


 brand




Copyright © 2012 108 degrees, llc. All rights reserved.
brand awareness
Where prospects find your brand
   broadcast                                               search           In the old world, broadcast or
                                                    website, mobile, seo
     tv, radio, outdoor
                                                                            “outbound” marketing was the
                                                                            only way to build awareness
                             where is
                             your first                                      Today, you have many more and
                              touch?                                        more effective options for
                                                                            building prospect brand
                                                             direct         awareness
   buzz                                               blogs, rss, inbound
     social media, pr                                          campaigns




Copyright © 2012 108 degrees, llc. All rights reserved.
search is king (even with social )
                                                          search engines
                                                          are the first source of information
                                                          for nearly all of today’s consumers,
                                                          both B2B and B2c
                                                           • As social and search become
                                                             even more interconnected,
                                                             your funnel needs to take
                                                             advantage of the opportunities
                                                             that search offers.
                                                           • Think about how SEARCH
                                                             affects awareness of your
                                                             brand




Copyright © 2012 108 degrees, llc. All rights reserved.
consideration


direct
touch




Copyright © 2012 108 degrees, llc. All rights reserved.
experience with your brand
As a prospect considers a purchase, they begin to research the
product or service, this is generally done online, especially with
reviews from trusted sources, even if the review is done by a stranger




                          consideration                   research



Copyright © 2012 108 degrees, llc. All rights reserved.
where is this consideration done?
online
Websites like
Amazon.com that                                                                                                                       online marketing




                                                                                        information




                                                                                                                        interaction
                                                          discovery
                                                                                                                                      materials
provide independent                                                   online research                 anonymous user
                                                                                                      reviews
evaluations, Yelp that                                                product sites                                                   email
                                                                                                                                      newsletters
showcases member                                                                                      independent
                                                                                                      review websites
reviews and others                                                    consumer
                                                                      groups online
                                                                                                                                      blogs and
                                                                                                                                      support forums
where a prospect can
anonymously research                                                                                                                  user forums

the opinions of others




Copyright © 2012 108 degrees, llc. All rights reserved.
where is your presence
as the customer is considering brands?

                                                          twitter                      facebook

           search                                                            blog
         presence                                                             or
                                                                            articles

                                           youtube                  email              linkedin




Copyright © 2012 108 degrees, llc. All rights reserved.
preference


 comparison




Copyright © 2012 108 degrees, llc. All rights reserved.
comparisons lead to brand attachments
                                                                       Customers now turn to
                                       brand                           known sources for
                                                                       information:
                                                                        • Social media platform
                                right                                    connections

                               choice                                   • Local search opportunities
                                                                        • Seeking perspective of trusted
               trusted
                                                          individual     sources about the brand
              contacts
                                                                        • Brand attachments formed based
                                                                         on informed, trusted opinions




Copyright © 2012 108 degrees, llc. All rights reserved.
what comparisons can be made
about your brand online
                                                                               As the customer compares
                                                          • known users        your brand to others, the
                                                  your
                                                 brand
                                                          • online opinions
                                                          • brand reputation
                                                                               opportunity for brand
                                                                               preference arises
                                                                               Your online presence,
                                                                               especially as it relates to
                                                 other
                                                          • known users        social connections to the
                                                          • online opinions
                                                 brand
                                                          • brand reputation   customer, can greatly
                                                                               influence that preference
                                                                               decision




Copyright © 2012 108 degrees, llc. All rights reserved.
action


 purchase




Copyright © 2012 108 degrees, llc. All rights reserved.
purchase
Today purchases can happen in many places:
    • In a store or physical location
    • Via online store access on the
       computer

    • From the smartphone
    • Via a tablet device
    • Through a social action service
       like Groupon or LivingSocial




Copyright © 2012 108 degrees, llc. All rights reserved.
where can customers purchase from you?

The easier it is                                          Online                 Smart
                                                          Store                  Phone
to purchase,                                              Quick                  Impulse buys
                                                          Convenient             Busy users

the more likely                                           Private                Social Sharing




the customer                                              Brick &                Social
                                                          Mortar                 Action
will take that                                            Traditional
                                                          Easily understood
                                                                                 Discounts/deals


action
                                                                                 Social = Volume
                                                          Personal brand touch




Copyright © 2012 108 degrees, llc. All rights reserved.
loyalty


 reward




Copyright © 2012 108 degrees, llc. All rights reserved.
rewarding loyalty
the relationship with the customer doesn’t
end with the sale...


          crm                            online
                                       community
                                                             rewards
                                                              loyalty-based
                                                                                  email             follower
                                                                                      ongoing        encouraging social
    database marketing                     allow users to     programs than      communication to
     to keep ongoing                                        incentivize repeat                      follows with benefit
                                          connect to each                             develop            programs
         touches                               other            purchases          relationships




Copyright © 2012 108 degrees, llc. All rights reserved.
how do you reward customer loyalty?

      post-sale                         satisfaction        programs            email              social


  • Thanks for                        • Satisfaction      • Incentivize    • Tips, tricks,     • Follower
    business                            surveys            repeat           ideas and           specials
                                                           purchases        advice for users
  • Post-sales                        • Ongoing                                                • Incentives to
    follow up                           opinion           • Encourage      • Regular            share
                                        solicitation       frequent         promotions          information
  • Regular touches                                        upgrades with                        with their
                                                           rewards                              contacts

                                                                                               • Lead toward
                                                                                                advocacy




Copyright © 2012 108 degrees, llc. All rights reserved.
advocacy


brand
advocates




Copyright © 2012 108 degrees, llc. All rights reserved.
what is a brand advocate?
                                                          brand advocates
                                                          are customers who talk
                                                          favorably about a brand,
                                                          product or service and then
                                                          pass that positive word of
                                                          mouth message to other
                                                          people




Copyright © 2012 108 degrees, llc. All rights reserved.
why do you want advocates?


          Highly                                            Large                               Impact
          Active                                           Networks                            Purchases
      Advocates                                           Advocates have more                Advocates use online
  recommend brands                                             contacts                        tools that drive
        more                                                Advocates average 200 - 450          purchases
                                                           people in their social networks
32% rec more than 10 brands/year                                                             Advocates use email the most (57%)
                                                           18% have over 500 contacts        but also use social media, blogs and
  Average advocate rec’s 26x/year
                                                                                                third party sites to rec brands




Copyright © 2012 108 degrees, llc. All rights reserved.
how advocates impact a brand
percentage of users that take action when an advocate recommends
brands to them


consider buying rec’d brand                                                   61

             buy the rec’d brand                               22

          don’t know/no action                            17

                                            0              18       35   53        70




Copyright © 2012 108 degrees, llc. All rights reserved.
who are your brand advocates?
do you                                                    Bobby                  Amanda
currently                                                 Doe
                                                          Company Executive
                                                                                 Doe
                                                                                 Homemaker


have any
                                                          Long time customer     Has referred 3 new
                                                          who has repeat         customers this year
                                                          purchases              alone



brand                                                     Jesse                  Marvin
advocates to                                              Doe                    Doe
                                                          Small Business Owner   Consultant


work with?
                                                          Blogs about how your   Recommends your
                                                          product/service has    product/service to
                                                          helped his business    clients




Copyright © 2012 108 degrees, llc. All rights reserved.
your marketing funnel
How do you:

  • Build brand AWARENESS in online media?
  • Ensure that your brand makes it to the
     CONSIDERATION phase for a potential
     customer?

  • Help your prospect compare your brand to
     the competition to find their PREFERENCE?

  • Let your customer take ACTION to
     purchase?

  • Build LOYALTY with customers that have
     purchased your brand?

  • Develop ADVOCACY with your existing
     customer base?




Copyright © 2012 108 degrees, llc. All rights reserved.
Looking for more ideas?

                                                          Private Consults                              Profile Customization
              One-on-one consults including evaluation,                      Professional review, editing and/or creation of your
              recommendations and tutorials for social media                 online profiles and business pages


                                               Social Media Services                                           Website Design
              Partial and full profile and campaign management,               Professional design and development of business
              including strategy and execution                               websites, including ecommerce and web applications


                                                               Consulting                                                Training
              Evaluation of and assistance with online marketing             On site and remote training for social media for
              programs, strategies, budgeting and plans                      marketing and sales teams, executives and businesses




Copyright © 2012 108 degrees, llc. All rights reserved.

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Mastering the Marketing Funnel in the Social Media Age

  • 1. Mastering the Marketing Funnel in the Social Age presented by: Copyright © 2012 108 degrees, llc. All rights reserved.
  • 2. contents what is the awareness consideration preference action funnel? loyalty advocacy your funnel Copyright © 2012 108 degrees, llc. All rights reserved.
  • 3. what is the funnel the marketing funnel Sometimes referred to as the ‘purchasing funnel’, it is a model that illustrates the theoretical customer journey towards the purchase of a particular product or service Developed in 1898, it has evolved today to a 6-step process that is enhanced by today’s social media and digital revolution Copyright © 2012 108 degrees, llc. All rights reserved.
  • 4. what does your funnel look like? your marketing funnel As we go through this presentation, think about what YOUR marketing funnel looks like. Ask yourself: • How is my marketing process represented in each area of the funnel? • Does my process in this area of the funnel contribute to the end goal? • What could I do to make my funnel more effective? Copyright © 2012 108 degrees, llc. All rights reserved.
  • 5. awareness brand Copyright © 2012 108 degrees, llc. All rights reserved.
  • 6. brand awareness Where prospects find your brand broadcast search In the old world, broadcast or website, mobile, seo tv, radio, outdoor “outbound” marketing was the only way to build awareness where is your first Today, you have many more and touch? more effective options for building prospect brand direct awareness buzz blogs, rss, inbound social media, pr campaigns Copyright © 2012 108 degrees, llc. All rights reserved.
  • 7. search is king (even with social ) search engines are the first source of information for nearly all of today’s consumers, both B2B and B2c • As social and search become even more interconnected, your funnel needs to take advantage of the opportunities that search offers. • Think about how SEARCH affects awareness of your brand Copyright © 2012 108 degrees, llc. All rights reserved.
  • 8. consideration direct touch Copyright © 2012 108 degrees, llc. All rights reserved.
  • 9. experience with your brand As a prospect considers a purchase, they begin to research the product or service, this is generally done online, especially with reviews from trusted sources, even if the review is done by a stranger consideration research Copyright © 2012 108 degrees, llc. All rights reserved.
  • 10. where is this consideration done? online Websites like Amazon.com that online marketing information interaction discovery materials provide independent online research anonymous user reviews evaluations, Yelp that product sites email newsletters showcases member independent review websites reviews and others consumer groups online blogs and support forums where a prospect can anonymously research user forums the opinions of others Copyright © 2012 108 degrees, llc. All rights reserved.
  • 11. where is your presence as the customer is considering brands? twitter facebook search blog presence or articles youtube email linkedin Copyright © 2012 108 degrees, llc. All rights reserved.
  • 12. preference comparison Copyright © 2012 108 degrees, llc. All rights reserved.
  • 13. comparisons lead to brand attachments Customers now turn to brand known sources for information: • Social media platform right connections choice • Local search opportunities • Seeking perspective of trusted trusted individual sources about the brand contacts • Brand attachments formed based on informed, trusted opinions Copyright © 2012 108 degrees, llc. All rights reserved.
  • 14. what comparisons can be made about your brand online As the customer compares • known users your brand to others, the your brand • online opinions • brand reputation opportunity for brand preference arises Your online presence, especially as it relates to other • known users social connections to the • online opinions brand • brand reputation customer, can greatly influence that preference decision Copyright © 2012 108 degrees, llc. All rights reserved.
  • 15. action purchase Copyright © 2012 108 degrees, llc. All rights reserved.
  • 16. purchase Today purchases can happen in many places: • In a store or physical location • Via online store access on the computer • From the smartphone • Via a tablet device • Through a social action service like Groupon or LivingSocial Copyright © 2012 108 degrees, llc. All rights reserved.
  • 17. where can customers purchase from you? The easier it is Online Smart Store Phone to purchase, Quick Impulse buys Convenient Busy users the more likely Private Social Sharing the customer Brick & Social Mortar Action will take that Traditional Easily understood Discounts/deals action Social = Volume Personal brand touch Copyright © 2012 108 degrees, llc. All rights reserved.
  • 18. loyalty reward Copyright © 2012 108 degrees, llc. All rights reserved.
  • 19. rewarding loyalty the relationship with the customer doesn’t end with the sale... crm online community rewards loyalty-based email follower ongoing encouraging social database marketing allow users to programs than communication to to keep ongoing incentivize repeat follows with benefit connect to each develop programs touches other purchases relationships Copyright © 2012 108 degrees, llc. All rights reserved.
  • 20. how do you reward customer loyalty? post-sale satisfaction programs email social • Thanks for • Satisfaction • Incentivize • Tips, tricks, • Follower business surveys repeat ideas and specials purchases advice for users • Post-sales • Ongoing • Incentives to follow up opinion • Encourage • Regular share solicitation frequent promotions information • Regular touches upgrades with with their rewards contacts • Lead toward advocacy Copyright © 2012 108 degrees, llc. All rights reserved.
  • 21. advocacy brand advocates Copyright © 2012 108 degrees, llc. All rights reserved.
  • 22. what is a brand advocate? brand advocates are customers who talk favorably about a brand, product or service and then pass that positive word of mouth message to other people Copyright © 2012 108 degrees, llc. All rights reserved.
  • 23. why do you want advocates? Highly Large Impact Active Networks Purchases Advocates Advocates have more Advocates use online recommend brands contacts tools that drive more Advocates average 200 - 450 purchases people in their social networks 32% rec more than 10 brands/year Advocates use email the most (57%) 18% have over 500 contacts but also use social media, blogs and Average advocate rec’s 26x/year third party sites to rec brands Copyright © 2012 108 degrees, llc. All rights reserved.
  • 24. how advocates impact a brand percentage of users that take action when an advocate recommends brands to them consider buying rec’d brand 61 buy the rec’d brand 22 don’t know/no action 17 0 18 35 53 70 Copyright © 2012 108 degrees, llc. All rights reserved.
  • 25. who are your brand advocates? do you Bobby Amanda currently Doe Company Executive Doe Homemaker have any Long time customer Has referred 3 new who has repeat customers this year purchases alone brand Jesse Marvin advocates to Doe Doe Small Business Owner Consultant work with? Blogs about how your Recommends your product/service has product/service to helped his business clients Copyright © 2012 108 degrees, llc. All rights reserved.
  • 26. your marketing funnel How do you: • Build brand AWARENESS in online media? • Ensure that your brand makes it to the CONSIDERATION phase for a potential customer? • Help your prospect compare your brand to the competition to find their PREFERENCE? • Let your customer take ACTION to purchase? • Build LOYALTY with customers that have purchased your brand? • Develop ADVOCACY with your existing customer base? Copyright © 2012 108 degrees, llc. All rights reserved.
  • 27. Looking for more ideas? Private Consults Profile Customization One-on-one consults including evaluation, Professional review, editing and/or creation of your recommendations and tutorials for social media online profiles and business pages Social Media Services Website Design Partial and full profile and campaign management, Professional design and development of business including strategy and execution websites, including ecommerce and web applications Consulting Training Evaluation of and assistance with online marketing On site and remote training for social media for programs, strategies, budgeting and plans marketing and sales teams, executives and businesses Copyright © 2012 108 degrees, llc. All rights reserved.