Share this
How Key Social Listening Metrics Can Drive Your Brand
by Infegy Research Team on July 16, 2020
Our friends at Interbrand just launched their powerful new research report, Breakthrough Brands.
The report highlights the next generation of world-changing brands—the startups, upstarts, challengers, problem solvers, innovators, and category creators. The Interbrand Breakthrough Brands are changing the way we see and interact with the world.
During the process to determine their ultimate list of brands, Interbrand and Infegy worked closely together to analyze how consumers viewed each brand with the help of social listening. Overall year-over-year change in social volume, sentiment, and key emotion analysis of social posts played a vital role in determining how consumers view each of the brands.
In looking at some of the key social metrics that contributed to their ranking, we identified some profound insights that reveal just what a breakthrough brand is and how it is consumers who decide if your brand breaks through.
Let’s take a deeper look at why consumers and their voice matter and the data that backs it up.
Evangelists’ Social Conversations Power
Breakthrough Brands
Many companies focus on achieving quick growth and building an ill-defined brand awareness. But the data says that the brands that break through succeed by tapping into a core group of impassioned followers.
We call this group evangelists. These people are early adopters-- experienced users or buyers of whatever it is you sell. But more than that, they promote you positively. They leave positive reviews. They tell their friends. They believe in you. Best of all, they talk about you online.
When they do this, it creates a snapshot in time of when, where and how they talk about you. Analyzing these conversations will help you understand your path to breaking through.
Trust and Love are Milestone Social Listening Metrics
Your base of fans and followers act as a case study to model your growth. They offer insight on what works, what your customers’ needs and pains are, and what satisfies them. What keeps them coming back for more?
Emotions expressed online, like trust and love, are key indicators in how consumers might view you and whether they might choose to buy. When you look at all social conversations across the web, only 4% of them express trust and 8% express love. Here’s where our breakthrough brands stand out.
Non-alcoholic cocktail spirit brand Seedlip is the top in garnerging consumer trust with 40% of conversations expressing trust. Mirror, Oatly and Milk Beauty closely followed.
Consumers “love” Milk Beauty the most, followed by ThirdLove, The RealReal, and The Citizenry. These brands have inspired high trust and love from their loyal fans, and this helped them break through.
The Formula for Breaking Through
With so much noise and each industry crowded by competitors vying for consumer attention and dollars, it’s critical to track your growth with data.
It all goes back to the consumer and using the consumer voice to drive brands towards breakthrough status. Here’s the formula: Consumer love and trust earned + Listening to consumer voices = breakthrough brand achievable.
" Brands that break through succeed by tapping into a core group of impassioned followers. "
Do consumers understand your brand? Do they trust you? Do they talk about their positive vibes with their tribe?
An early yes to these questions will be key. Their voice matters most. If they show affinity towards your brand and what it represents, they will naturally amplify you and propel your brand into breakthrough stage and beyond.
You can look at fickle measurements like “brand awareness” as a way to determine if you're catching on, but that is difficult to define and even more difficult to quantify. Instead, inspire your most vocal tribe, even if they belong to a small niche, to speak on your behalf. Then analyze what they say about you using social listening to understand how well your brand is breaking through.
You can read Interbrand’s full Breakthrough Brands 2020 report here.
Interested in how these social listening insights could be beneficial to your team? Get in touch with us here.
FURTHER READING:
Share this
- October 2024 (2)
- September 2024 (3)
- August 2024 (4)
- July 2024 (2)
- June 2024 (1)
- May 2024 (2)
- April 2024 (2)
- March 2024 (3)
- February 2024 (3)
- January 2024 (2)
- December 2023 (3)
- November 2023 (4)
- October 2023 (3)
- September 2023 (3)
- August 2023 (4)
- July 2023 (4)
- June 2023 (2)
- May 2023 (4)
- April 2023 (4)
- March 2023 (4)
- February 2023 (4)
- January 2023 (1)
- December 2022 (3)
- November 2022 (4)
- October 2022 (3)
- September 2022 (3)
- August 2022 (2)
- July 2022 (1)
- June 2022 (1)
- April 2022 (1)
- March 2022 (1)
- January 2022 (1)
- December 2021 (1)
- November 2021 (1)
- October 2021 (1)
- June 2021 (1)
- May 2021 (1)
- April 2021 (1)
- March 2021 (1)
- February 2021 (1)
- January 2021 (2)
- November 2020 (1)
- October 2020 (2)
- September 2020 (1)
- August 2020 (2)
- July 2020 (2)
- June 2020 (2)
- April 2020 (1)
- March 2020 (2)
- February 2020 (2)
- January 2020 (2)
- December 2019 (2)
- November 2019 (1)
- October 2019 (1)
- September 2019 (2)
- August 2019 (2)
- July 2019 (1)
- June 2019 (1)
- May 2019 (2)
- March 2019 (2)
- February 2019 (2)
- January 2019 (1)