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In today's episode, we're having a conversation that's not getting the attention it deserves—brand advocacy. We all know the power of social media in extending the lifespan of ad campaigns, but have you ever thought about leveraging your own circle of influence to create raving fans? We're breaking down what brand advocacy really means and sharing actionable strategies to harness this powerful tool to grow your business and brand. We'll also discuss the startling statistics about consumer behavior and the importance of investing in a structured referral program.
Key Points:
- [0:22] – Introduction to brand advocacy and its significance in social media and advertising.
- [1:05] – Surprising stats: 84% of consumers trust recommendations from friends and family over formal ads.
- [2:16] – The gap in most companies' referral programs and why a $50 gift card isn't enough.
- [3:40] – Our own journey in creating an effective referral package with customized swag and resources.
- [5:13] – Developing a partner resources website for streamlined advocacy efforts.
- [7:31] – The undeniable power of word-of-mouth marketing and its impact on customer acquisition costs.
- [9:13] – Encouraging a budget for advocacy in your overall marketing strategy.
- [10:00] – Easy Advocacy by Agora Pulse: A tool to simplify crafting and sharing social media messages.
Links Mentioned:
- Easy Advocacy by Agora Pulse: https://www.easy-advocacy.com
- Beefy Marketing: https://www.beefymarketing.com
Thanks for tuning in to this episode of Business Growth Hacks! If you found value in today's discussion, please subscribe, rate, and review our podcast. Follow Beefy Marketing on Facebook, Instagram, and YouTube for more marketing tips and tricks. Let's take your business to the next level together!
