Harness Influence, Boost Sales Did you know that brand advocates spend twice as much and are up to four times more likely to recommend products than the average customer?
NEW YORK, Feb. 3, 2014 /PRNewswire/ -- Harvard Business Review's "How Valuable is Word of Mouth" study quantified what many brand marketers already know: brand advocates and evangelists spend—and recommend—more. With more and more of a brand's target audiences turning to social channels for research during the buying cycle, it would not be an understatement to say that digital engagement has revolutionized Word of Mouth marketing.
New Channels: New Authority
Consumers are no longer relying solely on advice from family, friends, neighbors and coworkers—they are sourcing advice from strangers on the Internet, whom they "trust" based on the person's expertise or personal brand. Brands are making use of these social influencers to promote their products—but are they missing out on growing dedicated brand advocates from their existing customer base? Satisfied clients can be transformed into brand advocates, and increase brand reach and credibility with new audiences.
Create Influencers from Existing Customers
PR Newswire & Business Development Institute's upcoming Influencer Marketing Forum, on February 6, 2014, at 8:30AM ET at The McGraw-Hill Conference Center, will demonstrate how leading brands are incorporating influencer marketing into their larger strategy. Expert speakers will offer best practices for harnessing brand advocates for ROI beyond retweets, likes and other social shares to actually boost sales.
To register for the event, click here: http://prn.to/InfluencerMarketing
PR Newswire is offering members a special discounted rate of $175 with promo code PRN.
The summit will address the following questions:
- How do brands identify and activate untapped social advocates?
- How do you distinguish between key influencers and those that generate less impact?
- How do you measure engagement, influencer activity, reach, and sentiment?
- What is the difference between amplification metrics and ROI?
- How do you create an influencer marketing strategy?
- What are the best influencer marketing tools and technologies?
About PR Newswire
PR Newswire (www.prnewswire.com) is the premier global provider of multimedia platforms that enable marketers, corporate communicators, sustainability officers, public affairs and investor relations officers to leverage content to engage with all their key audiences. Having pioneered the commercial news distribution industry 60 years ago, PR Newswire today provides end-to-end solutions to produce, optimize and target content — from rich media to online video to multimedia — and then distribute content and measure results across traditional, digital, mobile and social channels. Combining the world's largest multi-channel, multi-cultural content distribution and optimization network with comprehensive workflow tools and platforms, PR Newswire enables the world's enterprises to engage opportunity everywhere it exists. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and the Asia-Pacific region, and is a UBM plc company.
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