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David Meerman Scott - Fanocracy: turning fans into customers and customers into fans

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David Meerman Scott Fanocracy: turning fans into customers and customers into fans
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Fandom isnt just for actors, athletes, musicians, and authors anymore. It can be rocket fuel for any business or nonprofit that chooses to focus on inspiring and nurturing true fans. The most powerful marketing force in the world isnt social media, email blasts, search ads, or even those 15 second commercials before a YouTube video. Its fandom. David Meerman Scott and his daughter Reiko are very different - one is a baby boomer business strategist, the other a millennial medical student. But both noticed that the kind of enthusiasm they once reserved for pleasures like the Grateful Dead (David) and Harry Potter (Reiko) now extends to all sorts of companies and organizations. So they teamed up to explore a big question: Why do some brands, even in supposedly boring categories like car insurance and enterprise software, attract not just customers but raving fans? The key is creating what they call a fanocracy - an organization that puts the needs and wishes of fans ahead of every other priority. It can be scary, at first, to focus on intangibles like community, generosity, and fun, rather than squeezing every penny from each interaction. But those who apply the strategies in Fanocracy are more likely to dominate their categories. And beyond the financial benefits, fanocracies spread more joy and inspiration to the world at large--;Whats a fanocracy and why do you need one? Our story -- Strength through fandom -- The power of fan-centric business -- Nine steps to building your fanocracy. Get closer than usual -- Let go of your creations -- Give more than you have to -- Build identity to become more than the product -- Be smart about influencers -- Break down barriers -- Listen to rehumanize -- Tell the truth, especially when it hurts -- Develop employees who are fans -- Enjoying fanocracy. A passionate life -- Share your fandom.

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Praise for Fanocracy The single most important force in my business is the - photo 1

Praise for Fanocracy

The single most important force in my business is the relationship that I have with my fans. Yes, singing ability, songs, and industry support help tremendously, but the direct fan-to-artist friendship is the most coveted tool in the equation. Fanocracy truly emphasizes the importance and how-tos that are necessary to maximize that all-important friendship. I just read it, its FANTASTIC.

Ronnie Dunn of Brooks & Dunn

A focus on the customer is THE essential component for scaling up to build an industry-dominating organization. In Fanocracy, David and Reiko offer surprising insights into how to put the needs of people ahead of all else, so that your customers become passionate fans of all you do.

Verne Harnish, founder of Entrepreneurs Organization and author of Scaling Up

David and Reiko make the idea of fan culture real, accessible, and actionable for all businessbig, small, nonprofit, for-profit, B2B... and, yes, even yours! Most of all, they shine a light on the joy of growing a business when youre surrounded by customers who positively LOVE what you do.

Ann Handley, author of Everybody Writes and Content Rules

The most wonderful aspect of David and Reikos book is how wide-ranging the examples are; nobody can claim fanocracy does not apply to their line of work. And let me tell you, not only is it the most successful way Ive ever set up a company, its also the most fun.

Gerard Vroomen, cofounder of OPEN Cycle and Cervlo Cycles

Also by David Meerman Scott

The New Rules of Marketing & PR

The New Rules of Sales and Service

Marketing the Moon (with Richard Jurek)

Real-Time Marketing & PR

Marketing Lessons from the Grateful Dead (with Brian Halligan)

Newsjacking

World Wide Rave

Tuned In (with Craig Stull and Phil Myers)

Cashing In with Content

Eyeball Wars

Also by Reiko Scott

Phantom Limb

Portfolio Penguin An imprint of Penguin Random House LLC - photo 2

Portfolio Penguin An imprint of Penguin Random House LLC - photo 3

Portfolio / Penguin

An imprint of Penguin Random House LLC

penguinrandomhouse.com

Copyright 2020 by David Meerman Scott and Reiko Scott Foreword copyright 2020 - photo 4

Copyright 2020 by David Meerman Scott and Reiko Scott

Foreword copyright 2020 by Tony Robbins

Penguin supports copyright. Copyright fuels creativity, encourages diverse voices, promotes free speech, and creates a vibrant culture. Thank you for buying an authorized edition of this book and for complying with copyright laws by not reproducing, scanning, or distributing any part of it in any form without permission. You are supporting writers and allowing Penguin to continue to publish books for every reader.

Library of Congress Cataloging-in-Publication Data

Names: Scott, David Meerman, author. | Scott, Reiko, author.

Title: Fanocracy: turning fans into customers and customers into fans / David Meerman Scott & Reiko Scott; foreword by Tony Robbins.

Description: [New York, New York] : Portfolio/Penguin [2020] | Includes index.

Identifiers: LCCN 2019027344 (print) | LCCN 2019027345 (ebook) | ISBN 9780593084007 (hardcover) | ISBN 9780593084014 (ebook)

Subjects: LCSH: Relationship marketing. | Customer relationsManagement. | Consumer behavior. | Customer loyalty. | Fans (Persons)

Classification: LCC HF5415.5 .S446 2020 (print) | LCC HF5415.5 (ebook) |

DDC 658.8/12dc23

LC record available at https://lccn.loc.gov/2019027344

LC ebook record available at https://lccn.loc.gov/2019027345

Penguin is committed to publishing works of quality and integrity. In that spirit, we are proud to offer this book to our readers; however, the story, the experiences, and the words are the authors alone.

Cover design by Catherine Casalino

Cover images: (T-shirts) Kir_Prime / Shutterstock; (hats) Taek-sang Jeong / iStock / Getty Images Plus

Version_1

CONTENTS
FOREWORD

Tony Robbins

The core strategy behind any remarkable organizationone that dwarfs the competition and creates massive customer loyaltyis to provide so much value that customers cant help but share their enthusiasm and excitement. This is what I call Creating Raving Fan Customers and is one of the 7 Forces that I teach at my Business Mastery seminars around the world.

Those whom David and Reiko term fandom customers are loyal. They know who you really are, and they stick around even when you move in new directions because youve added value to them in a way that nobody else can.

Customers who are merely satisfied can leave you. You and everyone on your team must be obsessed with doing whatever it takes to create a fanocracy in your organization. You need to create a culture in which your entire reason for being is to make sure that your clients are continuously blown away.

This obsession with adding more valuedoing more for your clients than anyone else on earthhas been the secret sauce for the thirty-three companies that I have the privilege to own and help grow. We now have over twelve hundred employees with combined revenues of over $5 billion, and together our teams have grown because, for us, customer satisfaction is not enough! We dont make the mistake of falling in love with our products and serviceswe fall more in love with our clients.

And it all starts with you. When you live an extraordinary life and have a mission of serving a purpose higher than yourself, you radiate energy and passion that draws others to youwhether its customers, business partners, or employees.

Every single person in your entire business culture is part of a team of enthusiasts who have the power to create more enthusiasts. If you are a company of two people, then both of you get to build the culture, your fandom. If you are an army of ten thousand or one hundred thousand, then each of you plays a part in building the culture. You empower and motivate your team to take the initiative and make the tough decisions that inspire lifetime loyalty, and when you do, you create fanocracy.

Any organization can succeed by implementing the ideas in Fanocracy. And by reading it, you are taking the steps necessary to differentiate your business by cultivating fandom.

David Meerman Scott is a dear friend and Ive followed his ideas for years. More than a decade ago, he was among the very first people to identify the social media revolution as it was beginning. Now he is the lead marketing speaker at my Business Mastery seminars, and audiences from around the world love his informative, entertaining, and inspiring talks. No one knows more about new ways to reach buyers. Hes introduced strategies to the Business Mastery community, like newsjacking, that reinvent the way entrepreneurs engage the marketplace and grow business.

In Fanocracy, David and Reiko are together breaking new ground. Fanocracy is a deep dive into the strategies to build a powerful culture that drives business success. Fanocracy also explores the thinking of a new generationone that values community and sharing. David and Reiko share surprising ideas you can implement immediately, such as letting go of your work and allowing people to make it their own, seeing the world as a gift and giving gifts in return, and celebrating your customers stories.

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