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Why Advocates Are Your Best Competitive Advantage In The Digital AgeLaura Ramos, Vice President & Principal Analyst
#Advocamp, @lauraramosMarch 9, 2016
Welcome to the digital age….
the Age of the Customer
How prepared are you to turn these empowered customers into advocates?
© 2016 Forrester Research, Inc. Reproduction Prohibited 4
Buyer empowerment creates a new age of competitive advantage
Source: “Winning In The Age Of The Customer” Forrester report.
© 2016 Forrester Research, Inc. Reproduction Prohibited 5
Digital shifts the balance of power to your customers
Image source: http://pixshark.com/door-to-door-salesman-1950s.htm and http://www.huffingtonpost.com/max-kolysh/5-advanced-strategies-for-saving-money-online_b_5003408.html
© 2016 Forrester Research, Inc. Reproduction Prohibited 6
Consumers trust people the most
Source: North American Consumer Technographics Online Benchmark Survey (Part 1), 2014
To what extent do you trust each of the following types of promotion?
(Answered 4 or 5 on scale of 5, where 5 = “trust completely, 1 = “Do not trust at all”)
© 2016 Forrester Research, Inc. Reproduction Prohibited 7
© 2016 Forrester Research, Inc. Reproduction Prohibited 10
AoC heightens importance of advocacy“Why is advocacy more important in B2B marketing today?”
Base: 26 B2B marketing professionals or technology providers (Qualitative research, open-ended responses, top 5 shown)
Source: “Advocate Marketing Creates B2B Customer Relationships That Last A Lifetime” Forrester report
© 2016 Forrester Research, Inc. Reproduction Prohibited 11
Greater brand reach at lower costAdvocates Reach
© 2016 Forrester Research, Inc. Reproduction Prohibited 12
The measurable impact of advocacy
$250 million in closed/won deals.
Influenced additional $500 million in pipeline.
REV = Reference Engagement Value
1,400 advocates tweet 400 to 500 times a week.
Generated 800 reviews from customers and partners.
Example courtesy of “Forrester Groundswell Award Winners Provide Hope To Struggling B2B Marketers” report
© 2016 Forrester Research, Inc. Reproduction Prohibited 13
The business value of advocacy
© 2016 Forrester Research, Inc. Reproduction Prohibited 14
Engaged relationships that last a lifetime
“Now I know what business books he's reading and we chat about those. The program helps our web of influencers work with every account in this way.” – Holly Zoba, SVP of sales, Signature Worldwide
© 2016 Forrester Research, Inc. Reproduction Prohibited 15
Great advocate marketing depends on:
Welcome to the digital age….
the Age of the Customer
forrester.com
Thank you
Laura [email protected]@lauraramoswww.linkedin.com/in/lauraramos2013
For further information see:“Advocate Marketing Creates B2B Customer Relationships That Last A Lifetime” Forrester report.