8. ➡ 92%of people trust ‘earned media’, such as word-of-mouth or
recommendations from friends, above all other forms of advertising
➡ 71%of people claim reviews from family or friends exert a "great deal" or "fair
amount" of influence over decision to use or not a particular company/brand/product
Source: Nielsen Global, 2011; Harris Interactive, June 2010
WHY FRIENDS ARE KEY
9. Sources: TowerGroup, eMarketer, IFPI
US Paid Gift
Cards Market
= $100B per year
US Marketing
Spend
= $170B per year
Comparison: The GLOBAL
Music Industry = $17B per year
THE POTENTIAL OF THE IDEA
US market only!
11. “Wrapp has created an ingenious way to use mobile phones and social networks to get people online
that we want as customers, actually into our stores and making purchases. And one of the things we
like best is that with Wrapp, H&M is being recommended to you by your friends."
– Karl-Johan Persson, global CEO of H&M
WHO’S WRAPPIN’?