Many firms value customers primarily based on how much they spend with them. However, in this super-connected world of Social Computing, influential consumers drive purchase decisions and have an enormous value for a brand. Marketers should now include the social value of consumers in their valuation algorithms — using the social value scorecard — and offer sophisticated award systems to the most valuable consumers: the Ambassadors.
TABLE OF CONTENTS
Customer Value Needs A Makeover
Social Value: Take Consumer-To-Consumer Connections Into Account
Recognize Your High-Value Customers
RECOMMENDATIONS
Marketing: Value What's Social
WHAT IT MEANS
Social Value Will Only Grow In Value
Supplemental Material
Related Research Documents
This is an excerpt
Buy Risk-Free
Price: US $499
Our Service Guarantee: If you are not completely satisfied with this document, notify Forrester within 24 hours of purchase for a full refund.
Already a Forrester Client? Log in to read this document.