How branded online communities can boost your ROI
Jan 15 2016 | 05:17 PM | 5 Mins Read | Level - Intermediate | Read Mode
Sean Bryant Marketing Director, Inversoft
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As a digital marketing director and internet specialist at Inversoft, Sean is responsible for developing creative and engaging marketing strategies for online products. This includes social media, web development, analytics, email, content marketing, digital design, search engine optimization and Adwords campaign management.
Sean Bryant, Marketing Director at Inversoft explains through an infographic how creating branded online communities can boost sales and revenue for companies
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DownloadNearly two-thirds of companies with online communities report seeing an increase in total revenue due to strong community engagement. Building a branded online community does more than just impact revenue – it also helps brands improve product development, brand exposure, and create a more engaging web experience for users.
Inversoft created an infographic highlighting the ROI branded communities bring to businesses based on a market survey that Get Satisfaction (click here for full report) had conducted. The study had used responses of 800+ professionals in more than a dozen industries, ranging from technology to education to consumer hardware.
The research results indicated that the types of interactions branded online communities foster creates not just increased exposure for a company’s brand, but a deeper connection with the customer. Companies that have created their own online communities have reported a number of benefits, including improved quality of customer service and support, a deeper connection and understanding of customer / prospect needs, increased user engagement and more marketing / cross promotional opportunities.
Here are the top five reasons branded online communities matter:
1. Reduces support costs
Anything that increases revenue or decreases costs is a win for businesses of any size.
2. Increases retention and engagement
People love to be connected to brands and other customers. This connection builds loyalty and loyalty increases retention.
3. Product feedback and development
Forums are a great way for customers to tell you exactly what they want and also let you know if they are having any issues.
4. Increased sales
By building a branded online community, companies are able to establish a virtual marketplace where they can promote directly to their customers.
5. Brand integrity
When customers visit the online community, and find good information and hear positive comments, it immediately increases their overall impression of the brand.
