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The New Economy Powered by Fans

Branded Ltd
17. Nov 2014
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The New Economy Powered by Fans

  1. The New Economy Powered by Fans 14 Oct 2014
  2. In the future, only brands who can successfully harness fans value will survive 2
  3. Most valuable company in the world 3
  4. Fastest growing technology company in China 4
  5. #1 market share in sports category globally 5 *  Transparency  market  research  2013  
  6. These brands have effectively unlock fans value to create a “fans economy” 6
  7. What is Fans Economy? A community of fans, with strong affinity for a brand, cultivated and invested by a brand that eventually drives business value. 7 Spark Innovation Increase Revenue Enhance Loyalty Reduce Cost
  8. Understanding what fans want? 8 Unlocking the value starts with…
  9. Service New BMW interior part is falling off! @BMW China Not very good quality, is it? 9
  10. Reciprocity 10
  11. Product Information 11
  12. To be part of the experience 12
  13. 3 things to build a fans economy 13 Then brands have to do…
  14. 1. Establish a fans-centric eco-system 14
  15. Transform the organization from within Product Marketing Sales Supply Chain Service Consumer centric Social Brands Social marketing Social E-Commerce Custom- made Service focused Social Customer vs Function oriented Traditional Brands Repeated impression Detailed distribution Warehouse Telephone hotline Traditional Customer 15
  16. Innovators Early adopters Early majority Late majority Laggards Big scary chasm Social fuels the leap across the chasm * Geoffrey Moore, Crossing the Chasm Broad Reach High Engagement Brand Fanatics Early-adopting Fans Mass Fans 16
  17. 20+ accounts; 53+ million fans Be in-sync externally & internally 17 Service PersonnelMarketing SalesProduct
  18. Social enhances the service experience After sales Transactional follow up within social VIP response Xiaomi CEO, Leijun, responded to a fan in a short 22 mins Social support Customizable self-serve service 18
  19. Partner right       Brands  Agencies  Media  •  Brand custodian •  Branded assets, i.e. celebrities, content, etc •  Strategic partnerships •  Product innovation •  Brand guardian •  Media strategies & planning •  Delivery 19
  20. 2. Build a social brand 20
  21. Brands need to behave like idols 21
  22. Recruit brand fanatics Fans quantity is important, only to an extent More importantly, fans have relationships, interests, engagements and conversations 22
  23. Celebrity News Faye Wong reunites with ex Sponsored HTC launches new mobile phone Desire 820 Sponsored Adidas supports Beijing marathon 2014 Sports News Support China in the Asia Games 2014 Participate in trending hot topics 23
  24. News report Brand In-feed advertising Research brandBrand campaign Buy exclusive product Discuss a #Hot Topic# Establish a total experience 24
  25. 3 methods to build a social brand on weibo 25
  26. a. Leverage Weibo UGC Campaign Pfizer: Red Packet Flies Chinese New Year Gifting Campaign Join conversation & reward fans 26
  27. 27
  28. Accelerate brand exposure quickly 28 1. Craft #UGC# hot topic à 2. Promote hot topic à 3. Reward users Red packet flies (Q1) Snap along (Q2) Travel with Weibo (Q3) Charity together (Q4) Fans quantity Brand influence Engagements Increase
  29. b. Amplify brand on TV via social engagements Yili QQ Star - Daddy, where are we going? (Season 2) Expose & engage fans on & off-line 29
  30. 30
  31. Increase brand affinity with social amplification TV + Weibo Watch then interact online; Brand exposure & engagement TV Broadcast Watch alone; Brand exposure only 31
  32. Sustain brand exposure & engagement Warm up; increase viewership Weibo interaction to increase branded contents influence   Extend/Amplify the contents During program After programBefore program Re-usable framework for each episode 32
  33. c. Create brand owned experience Lenovo - Exclusive smartphone for you & your S.O. Tell the story & hand it off to fans 33
  34. 34
  35. Right tool for each moment Awareness Content Distribution Engagement •  Loading screen •  Announcement banner •  Feed advertising Video / Image Card •  Hot topics •  Lite app landing page Warm Up Launch Amplify 35
  36. 3. Unleash fans value 36
  37. 0 to 100M RMB revenue in 2 years via fans economy 2 years old Chinese skincare brand 20 types of skincare products Loyal fans through KOLs & frequent engagements 100+M RMB revenue (2013); Top 20 in sales on Taobao beauty category 37
  38. Bring down your fever, switch to a Meizu Meizu MX3 Debut Launch on Weibo (2099 sets in 8 mins) Sell a conversation starter 38
  39. Meizu MX4 The Even Better Mobile Phone Weibo Exclusive Launch (500 sets in 2 mins) Sell a desired product 39
  40. Sell as a family 40
  41. 41 Sell, quickly & simply
  42. 42 Tier 1: Basic Tier 2: Personas Tier 3: Precision Increase performance with actionable data
  43. BMW X1 launch campaign on Weibo, generated more leads than other digital channels 50x more leads with precision targeting Core auto- lovers Lookalike auto-lovers Engaged users Registered users 43
  44.             Sales funnel Social selling is more than just a sale 44 Sale Direct monetary benefits Opportunity Opportunity to attract & provide peripheral services/ products Lead Potential to convert leads
  45. Future economy is a fans economy 45 1. Establish a fans-centric eco-system 2. Build a social brand 3. Unleash fans value
  46. Thank you
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