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knowing the
    NE W SUMER      consumer decision making
                            in a digital world

            with BEN GROSSMAN
        www.ben-grossman.com | @BenGrossman
Q:   how do you use digital
     media when you’re making
     a purchase decision?
A:
     brand websites
     social networks
     product reviews
     blogs/podcasts
     mobile price-checking
WHAT DO WE ALREADY
                     know?
8 0 %  A ME ED
      OF IAL M
                NS
            RICA IA.
                     USE


      SOC
             09
       TER 20
   RES
FOR
8 0 %  A ME ED
      OF IAL M
                NS
            RICA IA.
                     USE


      SOC


                           50M
             09
       TER 20
   RES
FOR




                             adults increased
                            their social media
                           use as a result of the
                             Great Recession.
                                             PEW 2010
S


                                    2 / 3         EB
                                               S W OK
                                                         SI

                                            0 U EBO ACEBOO
                                         10 AC
                                                           K
                                                            TE

                                                             20
                                                                10




   0 %                                               F
                                       P F        D
                                     TO VE ATE


 8      A
                NS
            RICA IA.
          ME ED
      OF IAL M
      SOC
                     USE
                                      HA EGR
                                       IN
                                          T




                           50M
             09
       TER 20
   RES
FOR




                             adults increased
                            their social media
                           use as a result of the
                             Great Recession.
                                              PEW 2010
A:
     brand websites
     social networks
     product reviews
     blogs/podcasts
     mobile price-checking
A:
     brand websites
     social networks
     product reviews
     blogs/podcasts
     mobile price-checking
     (notice a few things missing?)
banner ads
 broadcast spots
          print ads
pre-roll video ads
         radio ads
       direct mail
EVERYTHING
    has its place.


            banner ads
      broadcast spots
               print ads
     pre-roll video ads
              radio ads
            direct mail
EVERYTHING
                 has its place.
No matter how good you are at
tweeting or optimizing your blog’s
meta tags, you must rst know the
newsumer to know how to know
how to make the register ring.
EVERYTHING
         has its place.

But, what does that
mean to business and
marketing strategy?
GOAL OF BUSINESS
GOAL OF BUSINESS
   sell stuff. often.
GOAL OF MARKETING
GOAL OF MARKETING
 in uence consumers to
    buy stuff. often.
WHAT DO WE ALREADY
                     know?
WHAT DO WE NEED TO
                     know?
WHAT DO WE NEED TO
                     know?
     4
            THINGS
            NEWSUMERS
            WANT
NEWSUMERS WANT:



CLOUT
The advertising that has the most
clout is the advertising that already
has your consumer’s ear.
The advertising that has the most
clout is the advertising that already
has your consumer’s ear.


                                 MOST
                                       TRUST
                                 OF AD       ED FO
                                       VERTIS      RMS
                                              ING:
                                 #1  Family
                                 #2 Fr
                                       iends
           N
               IE
                 LS
                                #3 O
                    EN
                         20          nline P
                           10
                                             roduct Revie
                                                         ws
“The explosion in consumer-generated media (CGM) over
the last couple of years... means consumers’ reliance on
word-of-mouth in the decision-making process, either
from people they know or online consumers they don’t,
has increased signi cantly.”
                                                           Jonathan Carson
                                                        President of Online
                                            International Nielsen Company
YOUR BRAND
IS NOT
WHAT YOU
SAY IT IS.
YOUR BRAND   IT’S WHAT
IS NOT
WHAT YOU     THEY
SAY IT IS. SAY IT IS.
How much are ‘they’ really saying?
How much are ‘they’ really saying?




1.97T
  online advertising
impressions are created
      every year




                                       Forrester 2010
How much are ‘they’ really saying?




1.97T
  online advertising
impressions are created   500B
      every year          peer impressions
                            are created




                                             Forrester 2010
                             every year
How much are ‘they’ really saying?




1.97T
  online advertising
impressions are created   500B
                                     TR
                                       US
                                          TE
                                             D




      every year          peer impressions
                            are created




                                                 Forrester 2010
                             every year
How much are ‘they’ really saying?


                            1 /4n
                                      adve
                                           r
                                  line s are
                                             tisin

                            of o ession nerate
                                                   g

                                                     d
                                 r       e
                             imp umer g
                                  s
                              con



1.97T
  online advertising
impressions are created   500B
                                         TR
                                           US
                                              TE
                                                 D




      every year          peer impressions
                            are created




                                                         Forrester 2010
                             every year
YOUR BRAND   IT’S WHAT
IS NOT
WHAT YOU     THEY
SAY IT IS. SAY IT IS.
Universal Studios knew just the right people to
target... Harry Potter’s most in uential fans.
KEY TO CLOUT:
Choose the right messenger(s).




• Identify leaders within social circles.
• Consider tools that measure digital in uence (klout.com).
• Relinquish digital control of your brand so that
  consumers know you want them to help tell your story.
NEWSUMERS WANT:



CLOUT
NEWSUMERS WANT:



RELEVANT
There’s nothing worse than feeling
like you’re being yelled at...
There’s nothing worse than feeling
like you’re being yelled at...




...except being yelled at when it’s
interrupting something you’re really enjoying.
“It’s a no-blink environment for brands.
Consumers aren’t always paying attention to your
marketing message, but they are paying attention to each
other.”
                                                      Yael Taqqu
                                                         Principal
                                                   McKinsey & Co
TIP
      Think about how your initiative will
      support the consumer’s decision journey.
TIP
                Think about how your initiative will
                support the consumer’s decision journey.




    when
         2/3
     of bra
            nd to
                  uch p
    evalu consumer oints
         ate a        s acti
   consu        purch        vely
         mer d        ase a
                riven        re



MCKINSEY 2009
TIP
                Think about how your initiative will
                support the consumer’s decision journey.




    when
         2/3
     of bra
            nd to
                  uch p
    evalu consumer oints
         ate a        s acti
   consu        purch        vely
         mer d
                riven
                      ase a
                             re
                                          4-5
                                           A
                                              times
                                             S EXPEN
                                                     SIV E TO GE
                                                            ER
                                                                 T

                                           A NEW   CUSTOM NG
                                                              I
                                                     OF KEEP
                                           INSTEAD         NE
                                            A CUR RENT O
MCKINSEY 2009
TIP
                Think about how your initiative will
                support the consumer’s decision journey.

                                              20-50
         2/3
     of bra
    when    nd to
                  uch p
                                              of pur
                                                    ch
                                             made ases are
                                                    p
                                                              %
                                             on wo rimarily bas
                                                   rd of
                                                         mouth ed

    evalu consumer oints
         ate a        s acti
   consu        purch        vely
         mer d
                riven
                      ase a
                             re
                                          4-5
                                           A
                                              times
                                             S EXPEN
                                                     SIV E TO GE
                                                            ER
                                                                 T

                                           A NEW   CUSTOM NG
                                                              I
                                                     OF KEEP
                                           INSTEAD         NE
                                            A CUR RENT O
MCKINSEY 2009
Mini decided to market to its
preexisting owners... and wins.
KEY TO RELEVANT:
Think about what your consumers want to hear when.




• Map out your consumer’s journey.
• Align initiatives and messaging with the consumer’s
  decision journey and mindset.
• Sell a lifestyle or outcome, not your product.
NEWSUMERS WANT:



RELEVANT
NEWSUMERS WANT:



EASY
Do you make it easy for consumers
to love doing business with you?
Have you made it easy to nd your
products, services and information?




                                      SOCIALNOMICS 2009
Have you made it easy to nd your
products, services and information?




  25%     C
  OF SEAR 00 BRAND
         P1
                   TS
            H RESUL S
  FOR TO       ENERAT
                      ED
            -G
  A RE USER
                                      SOCIALNOMICS 2009
Have you made it easy to share
your content and experiences?




             TR
               US
                  TED




 500B
  peer impressions
    are created




                                 Forrester 2010
     every year
Have you made it easy to share
your content and experiences?




             TR
               US
                  TED




 500B
  peer impressions
    are created
                        62%


                                         Forrester 2010
     every year         are from
                        Facebook alone
Quick Chek made it easy (and fun)
to love them... and share it.
KEY TO EASY:
Make it a ‘no-brainer’ to love (and recommend) you.




• Implement a CRM (customer relationship management)
  program that rewards loyalty in a genuine way.
• Invest in your brand’s ndability.
• Make all of your content highly shareable.
NEWSUMERS WANT:



EASY
NEWSUMERS WANT:



DIFFERENT
“Be daring, be different, be impractical, be anything that
will assert integrity of purpose and imaginative vision
against the play-it-safers, the creatures of the
commonplace, the slaves of the ordinary.”

                                                            Cecil Beaton
                                                   Fashion Photographer
Trident got different... and resonated.
People are looking for a story to tell.
KEY TO DIFFERENT:
Be memorable and simple enough your story spreads.




• Create a unique selling point for your brand that your
  organization can get behind.
• Package your story and experiences so they’re ready for
  consumers to understand and re-tell.
NEWSUMERS WANT:



DIFFERENT
WHAT DO WE NEED TO
                     know?
    4
           THINGS
           NEWSUMERS
           WANT
            1. CLOUT
            2. RELEVANT
            3. EASY
            4. DIFFERENT
WHAT DO WE NEED TO
       1. CLOUT
                     know?
       2. RELEVANT
       3. EASY
       4. DIFFERENT
WHAT DO WE NEED TO
                1. CLOUT
                              know?
                2. RELEVANT
                3. EASY
                4. DIFFERENT
The newsumer is looking for brands with CREDIBILITY:
brands that add meaningful value to their lives.
Credible brands are the ones that will win the
newsumer... and get newsumers to virally spread
messages on their behalf.
knowing the
    NE W SUMER       consumer decision making
                             in a digital world




        BEN GROSSMAN
        COMMUNICATIONS STRATEGIST

        602 741 0314
        @BenGrossman
        www.ben-grossman.com
        ben@ben-grossman.com



        www.oxfordcommunications.com

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Knowing the Newsumer: Consumer Decision Making in a Digital World

  • 1. knowing the NE W SUMER consumer decision making in a digital world with BEN GROSSMAN www.ben-grossman.com | @BenGrossman
  • 2. Q: how do you use digital media when you’re making a purchase decision?
  • 3. A: brand websites social networks product reviews blogs/podcasts mobile price-checking
  • 4. WHAT DO WE ALREADY know?
  • 5. 8 0 % A ME ED OF IAL M NS RICA IA. USE SOC 09 TER 20 RES FOR
  • 6. 8 0 % A ME ED OF IAL M NS RICA IA. USE SOC 50M 09 TER 20 RES FOR adults increased their social media use as a result of the Great Recession. PEW 2010
  • 7. S 2 / 3 EB S W OK SI 0 U EBO ACEBOO 10 AC K TE 20 10 0 % F P F D TO VE ATE 8 A NS RICA IA. ME ED OF IAL M SOC USE HA EGR IN T 50M 09 TER 20 RES FOR adults increased their social media use as a result of the Great Recession. PEW 2010
  • 8. A: brand websites social networks product reviews blogs/podcasts mobile price-checking
  • 9. A: brand websites social networks product reviews blogs/podcasts mobile price-checking (notice a few things missing?)
  • 10. banner ads broadcast spots print ads pre-roll video ads radio ads direct mail
  • 11. EVERYTHING has its place. banner ads broadcast spots print ads pre-roll video ads radio ads direct mail
  • 12. EVERYTHING has its place. No matter how good you are at tweeting or optimizing your blog’s meta tags, you must rst know the newsumer to know how to know how to make the register ring.
  • 13. EVERYTHING has its place. But, what does that mean to business and marketing strategy?
  • 15. GOAL OF BUSINESS sell stuff. often.
  • 17. GOAL OF MARKETING in uence consumers to buy stuff. often.
  • 18. WHAT DO WE ALREADY know?
  • 19. WHAT DO WE NEED TO know?
  • 20. WHAT DO WE NEED TO know? 4 THINGS NEWSUMERS WANT
  • 22. The advertising that has the most clout is the advertising that already has your consumer’s ear.
  • 23. The advertising that has the most clout is the advertising that already has your consumer’s ear. MOST TRUST OF AD ED FO VERTIS RMS ING: #1 Family #2 Fr iends N IE LS #3 O EN 20 nline P 10 roduct Revie ws
  • 24. “The explosion in consumer-generated media (CGM) over the last couple of years... means consumers’ reliance on word-of-mouth in the decision-making process, either from people they know or online consumers they don’t, has increased signi cantly.” Jonathan Carson President of Online International Nielsen Company
  • 25. YOUR BRAND IS NOT WHAT YOU SAY IT IS.
  • 26. YOUR BRAND IT’S WHAT IS NOT WHAT YOU THEY SAY IT IS. SAY IT IS.
  • 27. How much are ‘they’ really saying?
  • 28. How much are ‘they’ really saying? 1.97T online advertising impressions are created every year Forrester 2010
  • 29. How much are ‘they’ really saying? 1.97T online advertising impressions are created 500B every year peer impressions are created Forrester 2010 every year
  • 30. How much are ‘they’ really saying? 1.97T online advertising impressions are created 500B TR US TE D every year peer impressions are created Forrester 2010 every year
  • 31. How much are ‘they’ really saying? 1 /4n adve r line s are tisin of o ession nerate g d r e imp umer g s con 1.97T online advertising impressions are created 500B TR US TE D every year peer impressions are created Forrester 2010 every year
  • 32. YOUR BRAND IT’S WHAT IS NOT WHAT YOU THEY SAY IT IS. SAY IT IS.
  • 33. Universal Studios knew just the right people to target... Harry Potter’s most in uential fans.
  • 34. KEY TO CLOUT: Choose the right messenger(s). • Identify leaders within social circles. • Consider tools that measure digital in uence (klout.com). • Relinquish digital control of your brand so that consumers know you want them to help tell your story.
  • 37. There’s nothing worse than feeling like you’re being yelled at...
  • 38. There’s nothing worse than feeling like you’re being yelled at... ...except being yelled at when it’s interrupting something you’re really enjoying.
  • 39. “It’s a no-blink environment for brands. Consumers aren’t always paying attention to your marketing message, but they are paying attention to each other.” Yael Taqqu Principal McKinsey & Co
  • 40. TIP Think about how your initiative will support the consumer’s decision journey.
  • 41. TIP Think about how your initiative will support the consumer’s decision journey. when 2/3 of bra nd to uch p evalu consumer oints ate a s acti consu purch vely mer d ase a riven re MCKINSEY 2009
  • 42. TIP Think about how your initiative will support the consumer’s decision journey. when 2/3 of bra nd to uch p evalu consumer oints ate a s acti consu purch vely mer d riven ase a re 4-5 A times S EXPEN SIV E TO GE ER T A NEW CUSTOM NG I OF KEEP INSTEAD NE A CUR RENT O MCKINSEY 2009
  • 43. TIP Think about how your initiative will support the consumer’s decision journey. 20-50 2/3 of bra when nd to uch p of pur ch made ases are p % on wo rimarily bas rd of mouth ed evalu consumer oints ate a s acti consu purch vely mer d riven ase a re 4-5 A times S EXPEN SIV E TO GE ER T A NEW CUSTOM NG I OF KEEP INSTEAD NE A CUR RENT O MCKINSEY 2009
  • 44. Mini decided to market to its preexisting owners... and wins.
  • 45. KEY TO RELEVANT: Think about what your consumers want to hear when. • Map out your consumer’s journey. • Align initiatives and messaging with the consumer’s decision journey and mindset. • Sell a lifestyle or outcome, not your product.
  • 48. Do you make it easy for consumers to love doing business with you?
  • 49. Have you made it easy to nd your products, services and information? SOCIALNOMICS 2009
  • 50. Have you made it easy to nd your products, services and information? 25% C OF SEAR 00 BRAND P1 TS H RESUL S FOR TO ENERAT ED -G A RE USER SOCIALNOMICS 2009
  • 51. Have you made it easy to share your content and experiences? TR US TED 500B peer impressions are created Forrester 2010 every year
  • 52. Have you made it easy to share your content and experiences? TR US TED 500B peer impressions are created 62% Forrester 2010 every year are from Facebook alone
  • 53. Quick Chek made it easy (and fun) to love them... and share it.
  • 54. KEY TO EASY: Make it a ‘no-brainer’ to love (and recommend) you. • Implement a CRM (customer relationship management) program that rewards loyalty in a genuine way. • Invest in your brand’s ndability. • Make all of your content highly shareable.
  • 57.
  • 58.
  • 59. “Be daring, be different, be impractical, be anything that will assert integrity of purpose and imaginative vision against the play-it-safers, the creatures of the commonplace, the slaves of the ordinary.” Cecil Beaton Fashion Photographer
  • 60. Trident got different... and resonated.
  • 61. People are looking for a story to tell.
  • 62. KEY TO DIFFERENT: Be memorable and simple enough your story spreads. • Create a unique selling point for your brand that your organization can get behind. • Package your story and experiences so they’re ready for consumers to understand and re-tell.
  • 64. WHAT DO WE NEED TO know? 4 THINGS NEWSUMERS WANT 1. CLOUT 2. RELEVANT 3. EASY 4. DIFFERENT
  • 65. WHAT DO WE NEED TO 1. CLOUT know? 2. RELEVANT 3. EASY 4. DIFFERENT
  • 66. WHAT DO WE NEED TO 1. CLOUT know? 2. RELEVANT 3. EASY 4. DIFFERENT The newsumer is looking for brands with CREDIBILITY: brands that add meaningful value to their lives. Credible brands are the ones that will win the newsumer... and get newsumers to virally spread messages on their behalf.
  • 67. knowing the NE W SUMER consumer decision making in a digital world BEN GROSSMAN COMMUNICATIONS STRATEGIST 602 741 0314 @BenGrossman www.ben-grossman.com ben@ben-grossman.com www.oxfordcommunications.com