ASOS is an online fashion
retailer operating in the United Kingdom. It has become the number one
destination for millions of young adults in their twenties. The company has
enjoyed strong sales growth year on year since it was established in 2000. ASOSwon the marketing excellence award in the social media category organized by
the marketing society.
This blog post will examine how
ASOS has leveraged the McKinsey Value Levers using social technology tools to
achieve its corporate goals and objectives. It has developed its social media
strategy around three ambitious objectives: boost sales, deepen brand
engagement and encourage advocacy. A huge percentage of its client-base are
females in their twenties. Based on this, ASOS key insight inspired the
development of an interactive social media strategy – which focuses on the significance
of dressing up its age twenty –something female clients when getting prepared
for a party. This has led to a significant growth in engagement levels and
sales for ASOS.
ASOS use influencers to bolster
its social marketing effort by inspiring organic brand advocacy among its most
ardent customers. During ASOS’s first experiment on using influencers for its
social marketing, it recruited about 769 active brand advocates that are
high-reach, high-value customers from among 3,000 applicants to the program.
Within 3 months, the effort generated more than 7,500 positive brand mentions
that reached more than 12 million people within these influencers’ networks.
All these led to a 600% rise in spontaneous quotes and 800% growth in website
traffic referral. It can been seen that ASOS as successfully used McKinseyvalue Levers six and ten – generate and foster sales leads and use social
technology to match talent to tasks.
By gaining customer insights from
its social media efforts, ASOS decided to create specific social activations
designed based on insights gained from customer behavior. It created a theme
called ‘best night ever’ which has three key social activations on the most
popular social technology platforms such as Facebook, Twitter, Pinterest,
Youtube and Instagram. These three social activations are; Win Your ‘Best Night
Ever’, Be Inspired for Your ‘Best Night Ever’ and Celebrate Your ‘Best Night
Ever’. The celebrity videos created within these social activations generated
over one million views within the first two weeks. The twitter hashtag for the ‘Best
Night Ever’ has the most used hashtag across the campaign period versus competitors’
brand names and hashtags- beating TopShop ‘Whosthatgirl’ hashtag. In addition,
ASOS organize games on twitter to engage its customers and generate sales. Its
denim pair’s game on Twitter has led to increase in hourly sales of 774% during
the gaming periods. The latest game had an eight fold impact on the direct
sales generated from Twitter for its duration. The development of this social
activations and games has led to ASOS deriving customer insights and also
generating and fostering sales leads – which are Mckinsey Value levers four and
six.
Late last year, the company took
its social marketing strategy a step further by launching its UK sales
full-price Christmas party wear collection and promotional sales to clear stock,
using the power of social commerce to its full advantage. While retail giants
such as Walmart and Tesco have left their Google+ account, ASOS is taking full
advantage of every opportunity at its disposal by posting one or two updates
every day and uses unique content rather than repurposing its old updates.
Based on its consistent use of social technology platforms, ASOS has been able
to generate over 7,500 pieces of content and 200 blog posts. This shows ASOS’s
use of the McKinsey value levers five and seven – use social technologies for
marketing communication and social commerce.
ASOS is a true inspiration for
retailers online that aspire to use social technology tools to achieve their
corporate objectives. The McKinsey Value Levers identified above are just a few
of the value levers used by ASOS to execute its enterprise 2.0 strategy.
What fascinates you about what you have read on the social brilliance
of ASOS? Share your ideas and thoughts below in the comment area.
Reference
McKinsey (2013). The
social economy: Unlocking value and productivity through social technologies.
Was a good read, the 'best night ever' theme was a good idea it seems.
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