MARKETING REINVENTED 2021 - EXPERT INSIGHTS: BRAND EDITION A PROPERTY OF - Prismic
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REINVENTION 2021: BRAND EDITION CONTENTS INTRODUCTION & METHODOLOGY……………………… MEET THE EXPERTS…………………………………………………… AUDIENCES………………………………………………… 2 ………………… 3 BRANDS………………………………………………………4 …………………. 9 CONTENT……………………………………………………14 …………………. 19 DATA……………………………………………………………24 ………………….. 29 ENTERPRISE………………………………………………… ………………. CONCLUSION……………………………………………… 1 ………………..
REINVENTION 2021: BRAND EDITION We are absolutely thrilled to partner with Meltwater to bring you Part 2 of our research "Marketing Reinvented 2021: Brand Edition,” which aims to provide you with a foundational understanding of where we are today and what we believe should be our priorities as we begin to think about rebuilding the systems of social media in 2021. You can download Part 1, the Agency Edition, here: https://bit.ly/37SEo1n We have created this research in collaboration with eight senior brand leaders who have generously provided us their time and more importantly their insights in response to a series of questions which underpin our global theme in 2021 “Reinvention: Rebuilding the Systems of Social Media Marketing.” The methodology behind this research is based on the work of Rishad Tobaccowala, who is the former Chief Growth Officer of Publicis and author of Restoring the Soul of Business. In an October 2020 article, “The ABCDE of Marketing Re-Invented,” Rishad provided a framework for how marketing has changed and is changing into the future. For the purposes of this research, and with Rishad’s permission, we have adapted his framework for reinvention and put a set of questions to a number of leading industry experts on both the agency and brand side. The questions map to each aspect of the framework in the following areas: AUDIENCES BRAND CONTENT DATA ENTERPRISE We hope that this report provides you with some actionable insights you can implement in your future strategies. 2021 will undoubtedly be a year of reinvention, and we very much look forward to working together, embracing invention, and designing new systems for how we do marketing. Sincerely, Toby Daniels Founder and Executive Director, Social Media Week 2
REINVENTION 2021: BRAND EDITION MEET THE EXPERTS Emma Martell Finian Sedgwick Emily Taylor Brand Manager, G.H.Mumm Champagne, Former Commercial and Marketing Manager, Head of Social, Avanti West Coast Pernod Ricard Disney Evan Weiner Andrew Rebhun Kristyn Clark Global Head of Social Marketing, Pro & Director of Brand Communications, Shake VP Digital Officer, El Pollo Loco Acquisitions, GoDaddy Shack Athar Abidi Eric Edge Head of Social Media, British Heart SVP, Marketing and Communications, Foundation Postmates& Theory A PROPERTY OF 3
REINVENTION 2021: BRAND EDITION AUDIENCES OVERVIEW As marketers, we face a new generation of consumers — one that is tech-savvy and whose digital expertise results in heightened expectations of experiences and instant gratification. In many ways, people are open than ever to new ways of interacting with brands, products and services. Over the past year, consumers more than ever have demanded that brands shift from traditional brand-to-consumer communications to a two-way digital dialogue. Consumers expect the in-person and online experience to be virtually interchangeable. This, in turn, has put a spotlight on the need for brands to humanize the digital experience. Brands who want to win with a human-centric approach to communication will apply an empathetic lens to their marketing strategy and find a balance between vulnerability, strength and transparency. Further, looking ahead expect a growing demand for faster transaction and response times in addition to smoother paths to purchase. It is paramount that brands factor this into their marketing and communication strategies. A PROPERTY OF 4
REINVENTION 2021: BRAND EDITION For brands to succeed in their transition into the personalized and humanized commerce world, they need to create a brand AUDIENCES experience that is crafted to what the consumer wants but use data and technology to take it to a level that the consumer EXPERT INSIGHTS doesn’t expect." - Emily Taylor, Former Commercial and Marketing Manager, Disney Personalization and hyper- targeting has been a much "With power comes responsibility. When exercising hyper-targeting, discussed topic in 2020, what do and thus leveraging the user’s precious information, it becomes the you think are the benefits to this brand’s duty to put their best foot forward and be deeply deliberate in their messaging and campaign." emerging practice and do you - Evan Weiner, Global Head of Social Marketing, Pro & Acquisitions, GoDaddy see any potential issues as the tools and ability to target customers in even more precise The potential issues I can see are when mistakes are made by ways becomes more brands utilizing the tech and when the novelty of hyper- targeting starts to wear off and it starts to feel a little more like sophisticated? a cold-call than a value add." - Finian Sedgwick, Brand Manager, G.H.Mumm Champagne, Pernod Ricard A PROPERTY OF 5
REINVENTION 2021: BRAND EDITION “Our focus remains on the fact that today’s consumers want AUDIENCES higher value conversations, less frequent touch points and a clear understanding of how they can continue to interact with brands safely in every day interactions” EXPERT INSIGHTS - Andrew Rebhun, VP Digital Officer, El Pollo Loco How has the mindset of "Consumers more than ever demand that brands shift from traditional brand-to-consumer communications to a two-way digital dialogue. It is consumers shifted in the past 12 paramount that brands factor this into their marketing and communication strategies and how they approach their engagement months and how do you imagine tactics.’” their priorities changing in the - Emily Taylor, Former Commercial and Marketing Manager, Disney coming year? What are the trends you’re keeping a pulse on "We’ve seen a pretty amazing acceleration of adoption of new technology in particular? that helps connect people to the things they love in a stay-at-home world. On-demand food delivery is one great example of this -- we have been able to bridge small businesses with their customers at a time when they needed it the most. Or think of new ways of experiencing culture through digital platforms like Airbnb Experiences -- people want to connect with the things that they love and they’ve been open to doing so in new ways.” - Eric Edge, SVP, Marketing and Communications, Postmates A PROPERTY OF 6
REINVENTION 2021: BRAND EDITION “We’ve noticed that audiences want realistic portrayals of life right now rather just than displays of escapism, therefore it’s AUDIENCES more important than ever to listen to what the consumers are after rather than predict what they want from their previous EXPERT INSIGHTS patterns of purchase.” - Emily Taylor, Former Commercial and Marketing Manager, Disney If we have learned anything from “Brands have an immeasurable responsibility to treat their consumers as 2020 is that consumers want humans and not just data-points, particularly in the data-overload times that we live in. Data is not necessarily knowledge and, in the wine and brands to think of them as humans spirits industry, the fundamentally important element that can never be overlooked is how our brands make people feel." above all else, why do you think - Finian Sedgwick, Brand Manager, G.H.Mumm Champagne, Pernod Ricard this is and what is your brand doing to help your partners/clients take a more human-centric “Our customers are extraordinary and we position ourselves as a selfless host to their stories and conversation in social. approach to communication? This extends to our growing Pro segment of web designers and developers, represented both by GoDaddy and our rich subsidiary brands.” - Evan Weiner, Global Head of Social Marketing, Pro & Acquisitions, GoDaddy A PROPERTY OF 7
REINVENTION 2021: BRAND EDITION AUDIENCES TAKEAWAYS LOOK BEYOND THE DATA When thinking about personalization, aim to craft an experience that the consumer wants but use data and technology to take it to a level that the consumer doesn’t expect. At the end of the day, consumers don’t want to be limited by what a brand thinks it can predict about them through data analysis. Instead, they want their favorite brands to truly understand them and design experiences that enable them to interact and consume the product in their own way. PRIORITIZE REALISTIC PORTRAYALS AND AVOID PREDICTIONS Especially today, marketers simply can’t rely on a universal model, as every brand and its audience are different. It is vital to stay tuned in and listen to what your audience is after rather than predict what they want from their previous patterns of purchase. Ultimately, consumers have an appetite for realistic portrayals of life right now versus displays of escapism. WITH POWER COMES RESPONSIBILITY Consumer trust is more valuable than ever and there is no room for mistakes. Brands have to balance a display of vulnerability, strength and transparency and be deliberate in their campaign to gain not only the favoritism of consumers but most importantly, long-term respect. Allowing audiences a glimpse into the people behind the brand is a successful tactic- adding a sense of authenticity. A PROPERTY OF 8
REINVENTION 2021: BRAND EDITION BRANDS OVERVIEW Consumers, especially over the past year have shown significant increase in the number of brands they are connecting with emotionally in addition to transactionally. Brands now take a stance on political issues far more than in previous decades not only offering a platform for voices to be heard, but serving as powerful consumers advocates. In this vein, brand strategies must go beyond a tagline and mission. With a clearly defined brand purpose, it becomes much easier to evaluate opportunities and build better plans because you have a line in the sand by which to measure all your decision making. Commercially, consumers over the past year have shown significant increase in the number of brands they engage with. Brands that usually may have only been engaged with in an inconstant or disposable capacity have been bought into the home and interacted with as frequent sources of comfort, safety and entertainment. The smoother that brands can make the process from consideration through to transaction, coupled with an authentic and meaningful interaction the stronger position they will be in 2021 and beyond. A PROPERTY OF 9
REINVENTION 2021: BRAND EDITION “Purchasing alcohol online was something still wholly unfamiliar for most consumers meant that there was a mad BRANDS scramble to reposition dollars, activities, and priorities to the digital world as soon as COVID first started impacting EXPERT INSIGHTS the On-Premise and Events that traditionally give brands the best platforms to come to life for the consumer." - Finian Sedgwick, Brand Manager, G.H.Mumm Champagne, Pernod ”Evolving our mindset to a digital first strategy has been integral and in turn thinking clearly about the e-commerce path to purchase, and properly Brand evolution is key to survival and acknowledging the passion and pain points of the consumer and addressing them head on.” this year we learned that adaptability is - Emily Taylor, Former Commercial and Marketing Manager, Disney also crucially important in times of crisis. How has your brand adapted to the current consumer landscape? “Today’s brands have to be nimble. And to grow a consumer brand that intersects pop culture like we do, you have to be able to sometimes pivot based on what’s happening in the world at any given moment. While this may seem to be a challenge for many brands, if you have a very clear understanding of who you are as a brand, what you represent and what benefit you provide to the people who interact with your products or services, then when a time comes to pivot messaging, creative or your overall approach to marketing, it’s a more seamless effort.”" - Eric Edge, SVP, Marketing and Communications, Postmates A PROPERTY OF 10
REINVENTION 2021: BRAND EDITION BRANDS “As part of our pivot this year, we've placed emphasis on acknowledging interaction, making rewards more frequent, and shifted media buys significantly more towards digital and put our EXPERT INSIGHTS focus substantially more on delivery to keep our customers safe.” - Andrew Rebhun, VP Digital Officer, El Pollo Loco “We understood the importance of accessibility and choice and those were a catalyst for accelerating our digital investment and innovation. Things we were experimenting with in our Shacks like curbside pickup, quickly became What is your brand doing to improve permanent models in our overall business strategy and will remain important even with the return of in-person dining.” the experience that your customers - Kristyn Clark, Director of Brand Communications, Shake Shack have at every stage of the customer journey? “We’ve made great strides as a brand over the last few years in translating our brand personality and succinctly translating what we stand for – that only matters if you ensure that is consistent every single time the consumer interacts with your brand” - Finian Sedgwick, Brand Manager, G.H.Mumm Champagne, Pernod Ricard A PROPERTY OF 11
REINVENTION 2021: BRAND EDITION “This year is about about giving a voice the voiceless and BRANDS showing appreciate. During Hispanic Heritage Month we honored the defunct Latino artwork by enabling a new generation to experience it through Snapchat augmented reality. We also took EXPERT INSIGHTS nominations of deserving nurses to receive a surprise meal for them to enjoy at home during National Nurses Week.” - Andrew Rebhun, VP Digital Officer, El Pollo Loco “Rather than see our perception change in the market, our committed effort to championing the customer in every facet of our social execution over the past In what ways have your brand values two years was substantiated at an accelerated rate during the pandemic. We leveraged the opportunity to think deeply about our customers’ difficult personal and professional experiences, and manifest them in campaigns like enabled you to connect more deeply #OpenWeStand.” with your customers during the - Evan Weiner, Global Head of Social Marketing, Pro & Acquisitions, GoDaddy pandemic and how has their perception of your brand changed? “Automation and personalization. The smoother that brands can make the process from consideration through to transaction, coupled with an authentic and meaningful interaction the stronger position they will be in.” - Emily Taylor, Former Commercial and Marketing Manager, Disney A PROPERTY OF 12
REINVENTION 2021: BRAND EDITION BRANDS TAKEAWAYS LEVERAGE YOUR PURPOSE TO REMAIN NIMBLE Whether someone decides to be a brand advocate or not, they appreciate being able to clearly understand what you stand for as they can make a more informed decision as to how you map onto their interests and values. As your advocates and audience grow, bring them into conversations and allow them to participate in the decisions around how you can bring the brand to life online and offline. In doing so, you’ll earn trust, but also have an easier time adapting and pivoting based on the ongoing feedback. YOU DON’T ALWAYS HAVE TO REINVENT THE WHEEL A misconception in the marketing world is that ‘innovation’ has to mean ‘new.’ In reality, enhancing consumers’ experiences doesn’t have to mean starting from scratch. More often than not, great experiences boil down to reimagining each consumer touchpoint and delivering a curated, genuine narrative that brings them on a journey into the brand. As a gut check in these scenarios, ask yourself: “What is the value to the consumer here?” or “does our brand have one, consistent voice in the world?” CELEBRATE THE LITTLE MOMENTS Rather than waiting for the big landmarks throughout the year, take advantage to celebrate the everyday milestones and victories of your audience and amplify the under-represented voices. In the digital age, interactions can feel redundant. Delivering something unique and bespoke that can bring a smile to someone's face is so important and impactful, but often undervalued and easily overlooked in the day-to-day. A PROPERTY OF 13
REINVENTION 2021: BRAND EDITION CONTENT OVERVIEW One of the most tactical ways to cut through the noise is through tight targeting and personalization, which we’ve addressed earlier in this report. Ultimately, brands can spend millions of dollars on content strategies but if it fails to be purposeful and relevant, it’s redundant and can result in lost credibility and visibility. On the other hand, If your message is tailored and reaching the right person at the right time, you’re no longer noise -- you’re a clear value proposition to the user and have a chance at earning their trust. Put differently, attention is a key investment in the marketings pace and should be regarded as a critical investment. Finally, clear articulation of what your brand stands for, consistency, and authenticity are integral to content creation and especially when working with creators. Seeing influencers simply as an add- on to campaigns is a big mistake. One of Postmates’ content programs, The Receipt, is a great example of how this comes to life. John Legend, Katy Perry, Patrick Mahomes, and The Weeknd are just a few examples of the partners Postmates worked with to authentically tell their stories about how and why they use the platform. A PROPERTY OF 14
REINVENTION 2021: BRAND EDITION “Find an original angle and don’t jump on every bandwagon that comes along. We try really hard to CONTENT tie our content closely to our product and brand – some brands shy away from this, but I think it can EXPERT INSIGHTS actually make the content stronger when done well – the best brand out there for this is Moonpie.“ - Emma Martell, Head of Social, Avanti West Coast “It is critically important for brands to balance quantity -- staying frequently engaged with your followers -- and quality -- what value does this content We’ve learned that social media affords you actually have -- not just for your fan base and brand but also for the broader category you represent within the industry.” new and unparalleled ways to tell stories, but - Finian Sedgwick, Brand Manager, G.H.Mumm Champagne, Pernod Ricard consumers are overwhelmed by the quantity of brand-led content that comes at them in the feed. How do you cut through the noise? “You know the saying, ‘someone decided they like you in the first 5 seconds of meeting you.’ The same goes for employing tight targeting in delivering your content.” - Evan Weiner, Global Head of Social Marketing, Pro & Acquisitions, GoDaddy A PROPERTY OF 15
REINVENTION 2021: BRAND EDITION “A good content strategy empowers the whole team and even CONTENT the wider business to come up with ideas because they have such a clear framework, so you end up with more bang for your buck. This is particularly important when it comes to EXPERT INSIGHTS reactive content, where speed is of the essence.” - Emma Martell, Head of Social, Avanti West Coast “We’ve really made a profound effort to understand what consumers want to view or listen to. A big piece of advice from our experience: pay attention to The cost of content creation has come down historical engagement levels as these can identify important trends or themes you should keep top of mind as adapt over time. ” considerably in recent years, but this doesn’t necessarily mean that campaign efficiency is - Andrew Rebhun, VP Digital Officer, El Pollo Loco the same as campaign effectiveness. What has been the most important driver of content marketing success for your brand in the past 12 “We have a very clear idea of the style of content we are looking for but we make sure to take time to refine months? the brief based on who we are working with and setup time (if needed) to chat through every question, detail, and element in advance of any creation.” - Finian Sedgwick, Brand Manager, G.H.Mumm Champagne, Pernod Ricard A PROPERTY OF 16
REINVENTION 2021: BRAND EDITION “Whether against dedicated efforts for businesses weathering the storm, BLM empowerment, LBGTQ+ championing, and CONTENT much more, looking at influencers not just via their clout and consumer profile, but via their unique stories, is something EXPERT INSIGHTS we've emphasized this year at GoDaddy. - Evan Weiner, Global Head of Social Marketing, Pro & Acquisitions, GoDaddy Creator partnership and influencer marketing continue to stake greater claims “You have to create a purpose driven story, and focus on how your brand on social media marketing budgets, what purpose can be communicated through their delivery and for their audience to see beyond a commercial partnership.” has been your biggest takeaway from - Emily Taylor, Former Commercial and Marketing Manager, Disney working with creators and influencers this year? “It boils down to picking the right talent. This critical in understanding the nuances of exclusivity versus multi brand influencers. Associating engagement back with purchase behavior should be foundational to strategies so brands can remain nimble.” - Andrew Rebhun, VP Digital Officer, El Pollo Loco A PROPERTY OF 17
REINVENTION 2021: BRAND EDITION CONTENT TAKEAWAYS SOCIAL CONTENT AND AD FATIGUE ARE REAL In a time where consumers are flooded with brand messages, it has become more important to make every customer interaction matter otherwise you risk becoming white noise. To combat this, factor in social media within the purchase funnel itself, but also as a vital step in the communication path from consideration through to the transaction, and also for repeat purchase. GIVE EXTRA LOVE TO YOUR CREATIVE BRIEF The brief is one of the most important drivers of content marketing success. Take the time to refine your vision based on who you are working with as well as the platform. Long gone are the days where brands merely post their ads in square format, rather it’s all about creating content that is social media specific and that complements a comprehensive story told across all marketing channels. SUSTAINABLE PARTNERSHIPS BOIL DOWN TO QUALITY OVER QUANTITY The best influencers today have built their own brand empires, and, just like brands, not all are in the same league. Use their unique perspective and experience to accurately understand the cultural landscape and how the gap between brands and consumers can be meaningfully filled with authentic storytelling. When choosing to go with a micro influencer over a nano influencer, for instance, choose the the talent that will deliver everything the brand stands for. It’s not just about "street cred” and hopping on every bandwagon. A PROPERTY OF 18
REINVENTION 2021: BRAND EDITION DATA OVERVIEW One of the greatest challenges marketers face is is the sheer volume of data that exists and how they marry that with the more impersonal metrics that sometimes arise from social media. Put differently, there’s a responsibility to draw the line between meaningful metrics and vanity metrics and a need to understand which are directly contributing to tangible business growth. Consumers aren’t only wary about the truthfulness of a brand’s communications, but they are also concerned about their personal data being used improperly. What does this mean? Ultimately, brands must be very clear throughout the entire funnel to detail the various ways consumer data is vital to long-term exchange. Behind data are people and this simple acknowledgement can go a long way in paving a path to a human-first approach to marketing. With 2020’s unprecedented effects, it’s important to resist the natural tendency to make attributions based solely on data outcomes. There may be moments where you don’t have data that can easily influence your decision making process, and in these instances it is beneficial to turn to the fundamentals of your marketing and brand strategy to drive your playbook and make decisions that are on on-brand and equipped to stand out in a crowded space. A PROPERTY OF 19
REINVENTION 2021: BRAND EDITION “There’s a lot to be said for continuous qualitative data – for us, that means dipping into our DATA notifications every day for a continuous feedback loop of what our customers are saying about the EXPERT INSIGHTS content we’re putting out there and their experience of our brand.” - Emma Martell, Head of Social, Avanti West Coast “It’s important to find the reasoning behind the data, and the lurking variables in the market that had just as good a chance to influence your Marketers are awash with data and the metrics as your deliberate tactics did. With 2020’s unprecedented effects, it’s important to resist the natural tendency to make attributions based industry still puts a premium on solely on data outcomes.” measurement, KPIs and using data to - Evan Weiner, Global Head of Social Marketing, Pro & Acquisitions, GoDaddy drive decision making. What is the one thing that you have learned this year that serves as a counter to this argument? “Every campaign should be driving a different conversion. Thinking of conversions purely as completed transactions is the wrong approach to social media. If the campaign objective is to drive reach then a RT is a valid conversion. Set key metrics to record but choose KPIs based on the true goal of the activity.” - Athar Abidi, Head of Social Media, British Heart Foundation A PROPERTY OF 20
REINVENTION 2021: BRAND EDITION “Transparency is key, so being very clear throughout the purchase funnel and also proving to the consumer through DATA accurate, desired, and also positively unexpected communication delivery that the sharing of their data is positive and beneficial to them is vital to long-term EXPERT INSIGHTS exchange.” -Emily Taylor, Former Commercial and Marketing Manager, Disney With privacy issues and consumer trust “Our infosec and data due diligence processes are pretty watertight. being very much in the spotlight this year, Fundraising compliance is a big deal in the sector so we take no chances ” what measures are you taking to ensure - Athar Abidi, Head of Social Media, British Heart Foundation that your consumers' data and personal information is not only protected but also that they understand how the data you “Ensuring maximum quality and relevance in the collect on them is being used? messaging against which you’re leveraging the user’s data is the first step. If they are delighted and find value in your message, the skepticism is almost a non-issue. ” - Evan Weiner, Global Head of Social Marketing, Pro & Acquisitions, GoDaddy A PROPERTY OF 21
REINVENTION 2021: BRAND EDITION “There is a really exciting and colorful story around the customer experience to create and showcase through social insights, and DATA sometimes directly attributable conversions and website goals, but the general story of attributing segments of brand social data to acquisition and conversion can sometimes be hard to complete with EXPERT INSIGHTS an epic conclusion." - Evan Weiner, Global Head of Social Marketing, Pro & Acquisitions, GoDaddy "First-party data is the single most valuable asset you can turn to when What are the biggest challenges you face as creating a content strategy. However, one of the greatest challenges is the sheer volume of data that exists and how you marry that with quite a brand in terms of connecting first-party impersonal metrics that sometimes arise from social media.” data with social media metrics to better - Emily Taylor, Former Commercial and Marketing Manager, Disney understand how to impact and improve the customer experience? “The eternal issue is rationalising a social media account to a CRM record. In order for this to work, it has to scale all the way up to be applied across the millions of records on our system and that remains the holy grail." - Athar Abidi, Head of Social Media, British Heart Foundation A PROPERTY OF 22
REINVENTION 2021: BRAND EDITION DATA TAKEAWAYS FIND THE REASONING BEHIND THE DATA Data is crucial and a beautiful, shiny key that can unlock the next step in your marketing program. But, it can also be deeply misleading. With each campaign, establish key metrics to record, but choose KPIs based on the true goal of the activity. This will help you clearly define the what and why you’re measuring and avoid getting lost in the clutter of other data points that aren’t contributing meaningfully to the objective. REACH AND ENGAGEMENT ARE EXPIRING METRICS This year we’ve realized that above all else, taking a human-first approach to digital marketing is more important now than ever including the creation of creating content that helps solve real-life problems and creates experiences that changes consumers’ lives in meaningful ways. As the landscape continues to evolve and attention spans dwindle even more, traditional KPIs such as reach and engagement are expiring metrics -- they say little about consumer sentiment which more often is an accurate predictor of success. ENSURING MAXIMUM QUALITY, TRANSPARENCY, AND RELEVANCE Brands that demonstrate a continued commitment to transparency will ultimately be the ones that thrive as we navigate the new humanistic- focused landscape. Ensuring maximum quality and relevance in the messaging against which you’re leveraging the user’s data is the first step. Metrics aside, marketing, at the end of the day, is about having your brand go beyond a purchase. A PROPERTY OF 23
REINVENTION 2021: BRAND EDITION ENTERPRISE OVERVIEW In an age where messaging and engagement is so frequent and diverse, empathy is a substantiated duty for brands. To succeed in this regard, it is essential that leadership acknowledge and utilize social media as a valuable channel to understand first-hand the wants and needs of their audience -- which in turn influences strategy. The more inclusive groups of employees, stakeholders and creators the better, especially when stepping outside of your comfort zone and determining when to enter or sit back when it comes to cultural conversations. Those that realize the power of social media beyond a place to be seen, rather as a place to be heard, a platform that acts as an extension of the brand and as the easiest and the most relatable way to interact with a consumer, will have the greatest success and longevity. Further, the unparalleled degree of access and expectation afforded by social media will remain the driving force behind the demand for greater brand accountability. This will accelerate as businesses continue to be viewed as organizations built and run by real people rather than just as a seller of a usable product or service. A PROPERTY OF 24
REINVENTION 2021: BRAND EDITION We use social listening extensively to help us understand not just our consumers but the public conversation in general around our key topics. We need to generate health content that answers the ENTERPRISE questions that people need answering, a lot of our work throughout the pandemic has been myth busting and social EXPERT INSIGHTS listening has really helped us find the predominant myths and reflect the natural language used by the public.” - Athar Abidi, Head of Social Media, British Heart Foundation Social media has given a voice to many, “We take social listening very seriously as a business, with regular reports from our real-time response team. These are shared around the whole both at a societal level but also in terms business and it’s great to see so much change happening off the back of these insights.” of giving power back to consumers. How - Emma Martell, Head of Social, Avanti West Coast have you embraced this fact to better understand your role in your clients’ lives and how you can better serve their needs? “Our digital communities are rich with guest feedback and our social team feeds that information to our broader organization – menu items they’re loving, their thoughts on spice levels or a particular LTO. All of that is important for us to understand so we can serve a product that really resonates.” - Kristyn Clark, Director of Brand Communications, Shake Shack A PROPERTY OF 25
REINVENTION 2021: BRAND EDITION “Social media is really important at Avanti and it’s definitely something that our leadership team is ENTERPRISE passionate about. An exciting project we’re currently working on is focused around how our employees, EXPERT INSIGHTS particularly the Exec team, can be a force for good on social media themselves. So watch this space!” - Emma Martell, Head of Social, Avanti West Coast “Our leadership kicked off the 'Engage Responsibly' initiative as a follow up to the ‘Stop Hate for Profit’ boycott that happened this July. The multi-prong How has your leadership embraced initiative encourages consumers to flag hate speech more often and offers brands ways to offset their use of social platforms.” social media to help inform their - Finian Sedgwick, Brand Manager, G.H.Mumm Champagne, Pernod Ricard decisions at the executive level, both in terms of providing better support to their employees and as well as its clients? “Our social team works closely with our customer support team to ensure that we are collating and sharing feedback more holistically. The kind of person who leaves a nasty comment on a Facebook ad is very different to the sort of person who picks up the phone but all of those voices need to help shape our decisions.” - Athar Abidi, Head of Social Media, British Heart Foundation A PROPERTY OF 26
REINVENTION 2021: BRAND EDITION “GoDaddy’s senior leadership team is a really fantastic bench of empathetic and realistic executives that have ENTERPRISE taken decisive action to support our entire global team in this unexpected year, and social’s broadening slice of EXPERT INSIGHTS the MarComm mix has likely influenced this.” - Evan Weiner, Global Head of Social Marketing, Pro & Acquisitions, GoDaddy “We try and be as transparent as possible about the key concerns of our audiences but on social we have to avoid entering debates on contentious Would you say that your organization issues such as animal testing in research. We generally signpost people to relevant pages on our website but we do make sure that those pages are kept operates in a more or less transparent up to date and answer all the questions we get including the difficult ones.” way now that social media is so deeply - Evan Weiner, Global Head of Social Marketing, Pro & Acquisitions, GoDaddy embedded into the larger communication landscape? “More transparent. Our CEO has been very active and transparent on her personal social media platforms. This helps put a human face on all the great initiatives that have been PR USA run throughout the year -- letting people see behind the scenes to the PR USA community and family.” - Finian Sedgwick, Brand Manager, G.H.Mumm Champagne, Pernod Ricard A PROPERTY OF 27
REINVENTION 2021: BRAND EDITION ENTERPRISE TAKEAWAYS BE A SELFLESS HOST OF YOUR AUDIENCE’S ENDEAVORS The most empowering brands today recognize that they're better and most effectively serving consumer needs by retreating a bit into the background. What does this actually entail? Allow the consumer’s stories to take center stage as the main driver of value versus your own. Make them the hero in the narrative. ALWAYS WALK THE TALK This year has shown us that the most successful brands are those who put action behind their mission and values. Brands have to double down on social listening and properly evaluate consumer sentiment to create a new standard around the importance of using one’s platform for good and advocating for positive change in the world. By amplifying these voices brands get the added bonus of understanding their audiences more intimately and a sense of how, when and where to participate in cultural conversations. DON’T OVERLOOK THE POWER OF SOCIAL TO PUT A FACE TO THE BRAND AND FUEL EMPATHY Aside from a place to upload content, social channels are a valuable and often overlooked place to put a face to the brand and practice empathy. In addition to those at the executive level, businesses should empower colleagues to share their own stories across these channels and incite innovation from within the organization. In 2021 and beyond, these simple actions will have a ripple effect, driving a deeper awareness around social’s place in business and in society. A PROPERTY OF 28
REINVENTION 2021: BRAND EDITION CONCLUSION Following a year of reduced socialization, expect consumers to prefer a humanized approach to interactions. Hyper-targeting and personalized messages will continue to be fueled by the progressive development of data functionality and emerging software, but should not be an excuse for neglecting social listening. When selecting metrics to measure across campaigns, consumer sentiment will remain a more accurate predictor of success versus expiring metrics such as reach and engagement. In this vein, prioritize purpose and relevance in order to fully understand what consumers want, genuinely align with broader cultural conversations, and develop an astute awareness around social media's place in both business and society. Attention is one of the world’s most valuable resources, so it’s a brand's responsibility to make every piece of content meaningful and make the consumers’ time interacting with it worthwhile. Allowing their stories to take center stage will remain the main driver of value in addition to creating smoother paths to purchase, and regular display of brand authenticity and empathy. A PROPERTY OF 29
REINVENTION 2021: BRAND EDITION Meltwater provides an integrated suite of social listening, analytics, and community management tools, trusted by global brands and innovative agencies to help them get more from their investment in social media. A PROPERTY OF 30
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