The “Wisdom of Friends” Powers Brand Advocacy

We are hearing so much now about how social media is creating a shift from the wisdom of crowds’ to ‘the wisdom of friends’, but what does that really mean for brand advocacy?  A lot.  It’s this ‘wisdom of friends’ that brings a new “social power” to brand advocacy.

Social power (the ability to influence) used to be determined by who had the most money, was the most intelligent, or was the most effective at impressing their will on others, but that’s changing thanks to social media.  Now social power comes through connections of friends, or the “wisdom” of friends, so Advocates have much greater influence.

Numbers still hold some power, and they always will, but the strength of connection is becoming even more powerful.   Consumers care about reviews, evaluations and what other consumers say about your product, much more than advertisements… and that is great for a brand.  What they care about even more is what their friends think about your product.  One or two friends’ opinions — the “wisdom of friends” – carry more weight than many other opinions combined.

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Brand Survival for 2011: The socially-focused organization

It’s a whole new year – literally and figuratively.

Social media is quickly changing the way we need to think about our brands and marketing.  We can no longer expect to be successful if we just focus our marketing efforts on telling our target market how great our own brand is.  What we – the brand – say about ourselves is no longer what matters.  It’s what OTHER people say about our brand and their experience of our brand.

Brands have a challenge having effective external conversations with consumers and then truly activating them as Advocates unless they evolve internally into a socially-focused organization.

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