Monday, November 9, 2009

Brand Attitudes and Behavior ARE Affected by Social Media!

The headline in the IAB newsletter says that “product chatter is getting louder on social media.” The article in MediaPost quotes data from a study by Performics that includes:
• 30% of their respondents had learned about a product, service or brand on a social site.
• 25% go directly to the site after hearing about it on a social site.
• 44% of respondents have recommended and 39% have discussed a product on Twitter.
• 46% have talked about or recommended a product, service or brand on Facebook.

Ok, so consumers are talking. Does it make a difference? The 2009 Razorfish FEED report says it does. That’s a big majority who say they are influenced!

How? The Razorfish data confirms that brand activity on the web can influence all stages of the consideration process. Attending events is powerful. Participating in a brand-sponsored contest or contest is even more so. These data also give support to the argument that social media have differential impact at different stages in the consideration process. Contests and sweepstakes have more impact on awareness; brand events have more impact on actual purchase. Wonder why the purchase impact. . .is it that brand events provide more content/information? Perhaps, but for sure the implication is that different types of promotion, even on the same platforms, may have impact at different stages. That’s important!

A study from Cone, recently reported by eMarketer, emphasizes the positive impact on brand attitudes that comes from brand interaction.

Razorfish says that the bottom line is: “Digital brand experiences create customers” (p. 11). Can you look at these data and doubt the truth of that statement?

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