Franchise Update Magazine Issue II, 2016 | Page 58

GROWING YOUR SYSTEM BY KEITH GERSON & TIM JOHNSON FRANCHISE DEVELOPMENT2016 YOUR ONLINE PRESENCE IS A CRITICAL COMPONENT OF SUCCESS 56 arketing isn’t what it used to be. Your once tightly controlled brand identity is a thing of the past. We live in an era dominated by social media, where literally everyone can share their opinion on what your franchise brand stands for. Supporters, detractors, activists… like them or loathe them, if you want to grow your franchise system you must know how this model works. One of today’s most critical keys to growing a franchise system is evolving into a brand that can honestly demonstrate the answer to the question: “Do they love you, or just know who you are?” The difference has proven to be critical in providing a franchise candidate with the confidence needed to move to close—as well as in improving metrics from historically lackluster closing effectiveness rates (typically about 1.5 percent of total leads generated) to levels more akin to those reserved for when a brand has been “referred” (typically at or above 5 percent of total leads generated). M Successful franchise development hinges on proactive validation— what a candidate discovers before completing your lead generation form. A case in point As part of a recent keynote speech on behalf of an emerging brand in the home services category, we set out to demonstrate how traditional content on franchise websites fails to demonstrate brand superiority (if it ever could). We took the online language describing how the brand differentiated itself from its top competitors and stripped it of all of its branding and references to who specifically said it by name. We presented it to the audience, asking executive management and franchisees alike to identify which was theirs. Among the 50-plus franchisees, all corporate executives, and team members in attendance, fewer than 3 in 10 (28 percent) could identify their brand from the competition in this simulated test. This raises a critical question: If you can’t identify yourself out of a lineup, how can you expect your customers and prospects to do so? This illustrates our point that it’s no longer who you say you are, but who they say you are. The truth is that your brand promise is no longer owned by corporate marketing. It is instead molded, refreshed, and propagated daily by your customers and others. Online reviews, smartphones, and social media are not passing fads. But can they be useful to your franchise recruiting and development efforts? Or are they just distractions from the true work of sales and recruiting, and best left to the marketing department? We believe that effective management of your online presence, including social media, is a critical component of your franchise development strategy. Why? Your franchise brand will be made or lost based on its local and network’s “social proof.” There also is no better way to illustrate that your organization knows how to get found and manage customers at the local level, which is where it really counts. At the conference mentioned above, we found a very marketing-savvy CEO and founder looking to accelerate the brand’s growth of new licensees, as growth had stalled in recent years. We offered to conduct an analysis of the strength of the brand’s online presence to determine influencing factors. To that end, we were offered approximately 10 franchisees to study the effectiveness of their online campaigns and social presence. Here’s a sample of what we discovered. • Of the online sites where they desired to have a presence (e.g., LinkedIn, Instagram, Google Maps, Google+, Yelp, Facebook), they were missing from 20 of their 30 preferred online social sites and search engines. • Significant issues and errors in their franchise listings, with a rating of 23 percent out of 100. • Brand inconsistencies from location to location as franchisees either had their own websites or multiple sites, given that the franchisor had provided microsites in an effort to create brand consistency. • Keywords that showed very little symmetry or consistency. • A search engine share of “voice” versus that of local competitors showed that they were barely being discussed in social media circles in their own markets against keywords they hoped to dominate. Franchiseupdate ISS U E II, 2 0 1 6 fu2_grow_development(56-57).indd 56 5/9/16 9:57 AM