Word of Mouth Marketing Relies on Reputation Not Branding
Todd over at the A Penny For Blog, shares some great insights on word of mouth marketing (WOM). Check it out.
The premise of my post is that B2B marketing and B2C marketing are different. We B2B marketers must to stop copying our B2C peers – we’re not Coca-Cola, Disney or McDonald’s – so let’s stop acting like it!
When it comes to WOM, I’ve observed that many B2B marketers, marketing blogs and the media seem overly concerned about brand building. They have it wrong. Instead they should focus more on reputation building especially, if they have a complex sale.
Why? Word of mouth is all about our reputation. Our reputation leads others to make conclusions about our brand but our brand doesn’t create our reputation.
Recent research shows that reputation makes a huge difference for B2B companies in the following areas; demand creation, lead generation and overall revenue growth.
Sirius Decisions, a leading B-to-B research firm concludes,
“While brand isn’t dead, we believe it has become a byproduct of reputation, the first of three overall outputs today’s b-to-b organizations must systematically produce in order to be successful. Reputation has a direct link to the second output – demand creation – and indirectly helps to drive the third output (revenue) by building a foundation of trust and credibility that should be revisited as needed throughout a sales cycle.”
Read my post on defending thought leadeship.
So if you want to build a WOM marketing program, you must look at your reputation first – not your brand.
“Build it and they will come.” – Field of Dreams.
Should reputation take a back seat to branding? What do you think?
Brian authors the very interesting B2B Lead Generation Blog which focuses on B2B lead generation, sales leads, and marketing for the complex sale.