Zero moment of truth
by Mohenesh Chamith Buthgumwa
The marketing world is plagued with buzzwords. But there's one
up-and-coming buzzword that may have more substance to it than most: the
"Zero Moment of Truth." Coined by Google in their 2011 eBook ZMOT.
Google partnered with Shopper Sciences, which talked to 5,000
consumers that had made a large purchase in major categories. Google
wanted to understand what sources of information these consumers used to
make their purchase decisions and which were most influential. Google
and Shopper Sciences gathered and analysed 50 different drivers
influencing purchase decisions, and categorised them by stimulus
(newspaper ad, radio ad), Zero Moment of Truth (online search), and
First Moment of Truth (in-store purchase). What Google discovered is
that the Zero Moment of Truth (ZMOT) between the stimulus and First
Moment of Truth is where buyers are conducting important research.
Buyers are using a higher average number of online sources in their
research (10.4 in 2011 versus 5.27 in 2010), and are spending more time
with these sources (17 percent of time in 2011 versus 9 percent in
2010).
The term "First Moment of Truth" (commonly called FMOT) was coined by
Procter and Gamble in 2005 to define the first interaction between a
shopper and a product on a store's shelf. This moment was considered one
of the most important marketing opportunities for a brand, as P and G
asserted - and others believed - that shoppers make up their mind about
a product in the first few seconds after they encounter that product for
the first time.
While this first moment of truth is still important, the rise of full
internet adoption and increased search engine use often lead to many
brand interactions taking place between a consumer and a brand before
that consumer ever sees a product on a shelf. This phenomenon is what we
are calling the "Zero Moment of Truth", or ZMOT. When consumers hear
about a product today, their first reaction is 'let me search for it
online.' And so they go on a journey of discovery: about a product, a
service, an issue, an opportunity.
As Google defines it: The Zero Moment of Truth (ZMOT) is that moment
when you grab your laptop, mobile phone or some other wired device and
start learning about a product/service you're thinking about trying or
buying. Consumers no longer want to just hear what you have to say about
your brand, they want to know that your brand is as good as you say it
is. With the amazing ease of access we have to information via smart
phones, tablets, laptops, and PCs, we can find incredible details online
about all possible brands in a matter of minutes. And when we're ready
to buy, we now buy with confidence. It is these Zero Moments of Truth
that determine whether we (the consumers) do business with you, or
don't.
As Jim Lecinski says about ZMOT, "It's a new decision-making moment
that takes place a hundred million times a day on mobile phones, laptops
and wired devices of all kinds.
It's a moment where marketing happens, where information happens and
where consumers make choices that affect the success and failure of
nearly every brand in the world." Your consumers are now learning from
search results, user reviews, ratings, text ads, image ads, news
headlines, friend's social media posts and good old-fashioned brand
websites. And they are learning before they reach your brand and even as
they are deciding. The buying decision journey has changed.
Here are some FMOT vs. ZMOT examples that illustrate how ZMOT has
turned conventional brand insight on its head:
Example 1
FMOT: Consumers arrived at a fast food restaurant and scoured the
menu on the spot to decide what to order.
ZMOT: Consumers go online to research their food options, perhaps
looking for health and value, in advance of getting in line to place an
order.
Example 2
FMOT: Consumers found out about a local brand's promotional event
(like free ice cream day) via stumbling upon it, or by seeing a flier
posted in the neighbourhood.
ZMOT: Consumers become aware of these events in advance either
through e-mail newsletters, becoming fans on social media sites, or
following brands on sites like Twitter. Not only that, but they can tell
hundreds of their friends and family all about it in real time with one
quick social networking status post.
Example 3
FMOT: Consumers waited for their monthly beauty magazine issue to
arrive, to learn about the next season's hot looks.
ZMOT: Consumers are going online to find inspiration for their own
looks, and to get tips and tricks from experts - or to take their cues
from a favourite celebrity.
Winning the ZMOT Game
How do you take advantage of ZMOT for your marketing? How should your
business embrace ZMOT principles? Here are some actionable examples you
can implement in your business immediately.
SEO:
Showing up in search engines is important, but for ZMOT, it goes
beyond picking the keywords that are relevant to your solutions.
Shoppers and browsers won't always remember your product exactly, but
they'll remember ancillary details you might not think to optimise for.
Social Media:
With social media results appearing in Google searches, connecting
your social media efforts to your other marketing efforts is
increasingly vital.
Ratings and Reviews:
Your customers are already talking. They're already writing reviews
on other websites. Other potential customers are seeing these reviews
before they buy. You can't stop it, but instead, choose to support it
and engage your customers. Here are some tips:
Feature positive reviews on your site in prominent places
Integrate a product review system on your site or pull in reviews
from other sites.
Keep an eye on reviews on other sites
Respond to negative reviews in a constructive way
Know what people are searching for
Would you put a billboard up before you know how many people will see
the ad? Similarly, why start a marketing campaign before you know if
anyone will see it? How do you determine what people want to see? The
answer is to find out what people are searching for in the first place.
It's the online equivalent of putting a billboard on a busy highway.
Proper Landing Pages:
Think about when someone clicks on the link in your ad or video or
other marketing pieces. Does the link go to your homepage that doesn't
speak to anything in your marketing, or does it go to an optimised
landing page that continues the messaging from your ad? |