Based on Edelman's Trust report, only 4% of consumers trust that marketers are acting and advertising with integrity. Only 4%...
So, how can you grow your business from advocacy marketing? Also, what would you say are the flaws in influencer marketing?
I had the pleasure to talk about this with Nick Stagge, which has a ton of experience with his heart beating for marketing, and he has recently shifted companies to build the marketing team from ground up as CMO for Wooly Inc, besides having his own side business Grounded.
We discussed a remarkable case study of advocacy for Reebok; Nick has said the future of marketing is focusing on personalization at scale, what does this mean; where does he see influencing marketing heading to; and his takeaways for you as a business owner to go out there and start implementing straight away
Here are the excellent takeaways from the episode:
✏️ People are turning to other people for advice, and they don't trust marketing anymore. They are turning to their friends, family members, especially those that have experience in that product category. They are still turning to retail sales associates, and also asking industry professionals and influencers online
✏️ The concept of a general market is a melting pot. There are so many different types of people, and to think one general message works for all of us is absolutely absurd
✏️ A brand needs to figure out who they are, and have a strong sense of their core DNA and how does it translate to different types of people
✏️ Historically we know that relationships have been transactional, buy my product, buy my product, did you buy my product? Then post funnel marketing is buy more of my product, and we become fatigued and exhausted
✏️ We need to approach relationships by saying who are you, what is your story, let's connect and let's see where we have similarities and shared interests and passions and let's tell one another stories. When you do this and get to create a relationship, it becomes more personal, and that is emotional, which you then develop customers for life, who will help you bring new customers into your fold
✏️ Content and authenticity matters; it's all about the voice of your brand. The future of influencer marketing lies in brands truly connecting with the influencer
You can find Nick in all the below:
https://www.linkedin.com/in/nbstagge
https://twitter.com/NickStagge
https://getgrounded.carbonmade.com/about