We all do it. We all read online reviews to help pick what restaurant to eat at, select the new TV for our living room, or choose a new dry cleaner. We look at likes and user comments on music and video sites to identify emerging artists and get a sense of whether the next Hollywood blockbuster is really that good.
And we often rely on search rankings to tell us which pages have the most informative and valuable content. People have more access to and more frequently rely upon the recommendations of their peers than ever before. The feedback of others we believe to be like us has the power make or break goods and services.
This begs the question: does the market have an obligation to safeguard the authenticity of user-generated content?
6. #nofakeCGC
@geneaustin_atx
•What is Consumer Generated
Content (CGC)?
•How has trust in CGC evolved?
•What are the big issues keeping us
from a desired state?
•What are the best practices to
ensure authenticity?
Today we’ll answer
12. #nofakeCGC
@geneaustin_atx
By 2018,59% of all retail sales
in the U.S.will be influenced by
web content,accounting for
more than $2 trillion in sales.
Forrester Research, Inc., “US Cross-Channel Retail Sales Forecast: 2014 to 2018”
Sucharita Mulpuru, Sept. 3, 2014
18. #nofakeCGC
@geneaustin_atx
9out of 1010-15%
reviews fakereviews are genuineTruth:
People are actually getting
savvier about CGC.
— Gartner, “"The Consequences of Fake Fans, 'Likes' and
Reviews on Social Networks”, 2012
27. #nofakeCGC
@geneaustin_atx
Consumers who saw brands’ responses to
product misuse, with guiding instructions,
were more likely to buy the product and felt
more positively about the product.
Increase in intent
to purchase
Increase in product
sentiment
Truth:
A blend of sentiment in content is more credible!
186% 157%
32. #nofakeCGC
@geneaustin_atx
Altering content
We have all visited websites and seen perfectly written 4-5 star reviews on a particular
product or service, and then visited a different site with much more “honest” reviews.
Mockup of coffee example
Actual
Edited
39. #nofakeCGC
@geneaustin_atx
Be aware! Look for:
•Badging (membership, verified purchase,
incentivized)
•Assurances (i.e.: trust mark or published
authenticity policy)
•How the brand responds to negative feedback
•A blend of volume and sentiment, combined with
consideration of how established the brand is
Consumers: How to protect
yourselves from fraud