Forrester’s Word of Mouth Marketing statistics
Just after having written The super power of Word-of-Mouth Marketing post, Forrester analysts Josh Bernoff and Augie Ray presented statistics on the state of Word of Mouth Marketing.
A summary of the presentation can be read on Mashable, where it also explains the three different Word of Mouth Influencers.
In the so-called Peer Influence Pyramid the Social Broadcasters (at the top), Mass Influencers (middle), and Potential Influencers (bottom of the pyramid) define the three types of Influencers which, as a brand, you need to take into account. First to understand the dynamics how these three types of Influencers spread messages and influence.
Secondly, the create and reach the best as possible these three types in order to address all three.
The article further reports that people are making a staggering 500 billion influence impressions on one another. This is massive, business-driven advertising and influence is being challenged by these outside influences which bypass the brand but talk about that specific brand.
Why?
Because the Web is transparent, it centralizes content which has effect that in increases the influence of comments, ratings and such, much more than the offline equivalent Word of Mouth messages. These are fragmented and not “eternalized”. The Potential Influencers are the group of people where the real trust can be found. It’s also the largest portion of people. Exactly this group of Influencers can create a chain reaction, triggering friends’ friends and further on.
Mashable ends with
In summary, Bernoff and Ray’s advice to marketers includes:
- Build a strategy for reaching all three types of influencers.
- Allocate your budget in light of a potential 500 billion impressions of peer influence.
- Analyze and reach out to your mass influencers specifically for maximum reach.
To make a step back, before building a strategy, reach mass influencers and allocate budget, brands first need to identify their Influencers. Without the identification, it’s harder to effectively reach and empower them.
What do you think of the Peer Influence Pyramid, are there types of Influencers that miss?
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