No one wants coal in their stocking from their CEO. That's why marketers spend vast time, money, and effort making Black Friday a great success. Approaching the holidays, brands typically pump up advertising, push promotions, discount products, etc. But if you want to hear a more innovative and cost-effective way to boost Black Friday sales, check out this sweet success story that leverages content marketing and brand advocacy.
After releasing a new version of their product, a software company wanted to get their customers to upgrade. Knowing that their customers are more effective salespeople, they got their Brand Advocates to create stories about the benefits of upgrading. These stories were sent to customers who hadn't yet upgraded, coupled with an exclusive promotional offer. The result? A whopping 68% sales conversion rate – about 50X higher than traditional online marketing conversion rates. (I'll wait for you to pick your jaw up off the floor....)
Here's the icing on the cake: The software company didn’t give Advocates any type of reward, perk, or incentive for creating stories. They simply made it easy for Advocates to create stories and then leveraged the content smartly. (You don’t need to pay or provide incentives to real Advocates. Their “reward” is helping others, studies prove.)
Don't wait until Black Friday rolls around next year to utilize this strategy. Start finding and activating your Brand Advocates today.
To learn more, register for our upcoming webinar "How to Super-Charge Content Marketing via Brand Advocates."