In Your Marketing We Trust (Or Maybe Not) [Research]
Without customer trust your marketing job of persuading prospects and customers to purchase from your organization is difficult at best.
In today’s hyper-connected social media, content marketing and mobile world, potential purchasers can access whatever purchase-related content they desire, whether it’s from your firm, your competitors’ organizations, and/or third party media entities, not to mention your past buyers.
If buyers don’t trust your firm or its representatives, it’s a sure bet they’ll seek other information and consider it more reliable than yours.
Message repetition builds customer trust
On average, two-thirds of customers need to hear a company’s message 3 to 5 times before they believe it based on Edelman’s 2013 Trust Barometer. This ratio has remained relatively constant for the past few years.
Media platform trust matters
Yet for your audience – it’s not just a matter of believing your message after they’ve heard it a number of times. The platform where your message appears is also crucial. If they don’t trust that, then they probably don’t trust your message.
- 65% of consumers believe content from traditional media and search engines. Third party media entities have more credibility with consumers.
- Roughly 45% of consumers believe information on social media or own (aka corporate) media. While not as trustworthy as media entities, social and owned media provide platforms where marketers can publish and distribute their messages more cost-effectively.
Customer trust in business? (There’s still work to be done!)
During the past year, consumers’ impressions of businesses have improved in general. Seen through a social media lens, where organizational honesty and consistency are vital, businesses still have work to do. Specifically, they must:
- Be transparent in customer interactions.
- Listen to employees.
- Act responsibly.
- Provide quality products and services.
- Be responsive to customer needs.
CEOs have a BIG customer trust issue
Senior business leaders have a problem. The public doesn’t trust them and it’s not a small matter. Even worse, their ratings have been flat over the last 2 years.
- About 80% of CEOs do NOT make ethical or moral decisions.
- About 80% of CEOs do NOT tell the truth.
While this is bad news, business executives can change these impressions. All they need to do is communicate openly, honestly and transparently. This requires support and coaching as well as input from your legal department to explain what they can and can’t say publicly.
Company spokespeople consumers trust
Fear not, you have the resources within your organization to increase your credibility with your target market. Of course, this requires honesty and transparency or you’ll be worse off.
Consumers trust academics and experts, technical gurus and ordinary people (think customers!)
Look across your organization for your thought leaders, technical whizzes and your customers. Encourage them to be part of your social media and content marketing efforts.
How can your business increase its customer trustworthiness?
Leverage the power of experts and influencers. Depending on your business’s focus, encourage your experts and technical gurus to become thought leaders. Let them become the face of your business at both business and consumer events. Get your PR department to submit speaking requests and to help craft their presentations.
Create owned media. Involve your employees and customers in developing epic content. Make sure that you provide the appropriate editorial support they need to remove the fear of looking bad.
Distribute your marketing messages via social media and your owned media with care. Regularly share your content including curated information on social media and owned media. Also, have employees who are trained to engage on social media to interact with your audience in a transparent way. To this end, make sure that you have social media guidelines and a PR crisis plan.
Since CEOs and other C-suite executives are often in the spotlight where they can make or break your brand’s promise, you must work with them to build their credibility with your key audiences including customers, prospects, employees, your board, your investors, the press, and the government.
Building customer trust takes honesty and transparency. It’s not just what you say on your own platforms but also what you say elsewhere.
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To compete in the new environment of always connected, highly informed consumers, retailers need to leverage five trends to realize higher conversions and larger transaction sizes.
Find out how you can apply these 5 trends to your business.
- Retailers that embrace and facilitate social where customers are discovering, considering, and buying, can increase wallet share.
- Millennials are driving the way retailers think about consumers and create shopping experiences.
- With mobile, consumers have become an always-on opportunity for retailers to tap.
- Retailers with a successful omni-channel strategy will experience less showrooming and achieve greater market share across all channels.
- Big data will allow retailers to change the consumer experience, boost conversions, and improve margins.
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