Sunday, July 24, 2011

Creating Social Media Buzz with Tangible Rewards for Sharing


Tangible motivators are popular amongst today's "social media experts" for a few reasons.

First of all, there is a clear and definite correlation between the value of your reward and number of "likes" or "follows" your brand gets. If you guarantee users who "like" your page, a coupon or voucher, naturally, more people will "like" your page. Don't get too excited though because with these extrinsic motivators, you zap the element of engagement from the "like". You do not forge an emotional connection with the person, robbing you of precious brand loyalty and advocacy. In fact, if the customer is actually captivated by your brand, an extrinsic reward downplays the value of this relationship. It's almost like your friend paying you to do a good deed- it takes away all of the intrinsic value.

Also, tangible rewards require little creativity; it's just coupons, a "chance to win an iPad", or access to content. I'm not saying that innovation cannot exist in tangible rewards; it's very possible. However, it's not very abundant in today's social media situation.

Despite all this criticism that I have, tangible benefits do have a place in social media marketing plans. Tangible rewards are effective if they are given to loyal customers unexpectedly. This unexpectedness does not render the customer relationship meaningless; if they are unexpected, they are more like gifts of thanks for being loyal, rather than benefits to remain loyal. Also, these unexpected gifts can be combined with exclusive closed groups to maximize their power.

Moreover, a short-term campaign based on tangible rewards, can be viable for small brands that need a period of viral buzz. If executed correctly, this can explode brand recognition. On the other hand, be careful with this sort of campaign because customers may become "addicted" to your reward and flock away quickly if it is withdrawn. To combat this, ensure that your rewards are short-term or offered on an infrequent basis. As well, during and after you withdraw the rewards, present another meaningful way for the customer to connect and reap benefits from your brand (some sort of an engagement campaign).

Last but not least, occasionally, businesses need to boost the number of "likes" their page has, in order to "legitimize" the page. A tangible reward can do this very quickly.

All in all, it is generally a good idea to stay away from tangible rewards but every once in awhile, they may be able to supplement more meaningful marketing.

For more posts on promoting social media buzz, go to the sharing portal.

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