Psychology

What do consumers want from brands?

April 24, 2013

That’s the age-old question, isn’t it?

When you think about everything we’ve experienced in the last decade and a half – from the Y2K scare to 9/11, Iraq and then the recession – no wonder that a certain level of insecurity about the future has become a permanent part of our psyche as we ease into 2013.

What today’s consumers want most today is security and contentment. No doubt these wants are being shared by people’s economic outlook and circumstance, which most categorized as uneasy.

Interestingly, here are some other key needs that our consumers expect brands to help them fulfill. If you can help make one or more of these needs a reality – you will earn their business and their loyalty.

Security: Food, shelter, keep my house, increase my savings, bolster my retirement plan, a corporate job, being part of a movement but not a sole anarchist

Control: Frugality, effective money management, black and white answers that come from scientific pursuits, own business/entrepreneurship, self reliance (especially younger Millennials)

Consistency: Stable employment, stay at college, complete college

Proving self-worth: Value through charity work, striving to get promoted, finding a way to leave a legacy (Baby Boomers), training/learning something new rather than leisure time, constant resume buffering (especially Millennials), aggressive pursuit of success (older Millennial males in the US)

Honoring my needs first: Protecting my health, making healthier friendship and relationship choices, spending more time with people who have my genuine interests at heart, valuing private information more (Millennials)

Respect for others (but only if they show respect for me first): Rejection of greed and self-serving society as demonstrated by governments and corporations, helping others through volunteer pursuits

Liberty: Personal independence, time for me (Baby Boomers), take control of my investments (Baby Boomers), not oppressed/restricted by others schedules or technology

Progress: Pursuit of scientific invention and learning, further education, choice of foundations, supportive of organizations who take society forward in some way

Both Millennials and Baby Boomers believe leadership brands that are sincere and transparent have the ability to encourage them to bring out the best of themselves and progress society. In the absence of strong government and other institutional leaders, people anticipate, and may even demand, that brands step in and play the role of cultural reformers.

Here’s my take on this. Our marketplace is asking us to be much more than a seller of stuff. They’re expecting us to step up and inspire our internal team and our customers to work together to take charge of the problems facing our world. Think of it as corporate social responsibility – but on steroids. It’s not enough to write a check anymore – we have to also be willing to give our ideas, our passion and our sweat equity.

Think about how this might change the way you communicate about your company and the work you do. Think about how you could build a community of raving fans who don’t just talk about what you sell but more important – talk about what you believe.

Interesting times ahead.

 

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Selling shouldn’t equal annoying

February 13, 2013

There’s a Walgreens a few blocks from my house. It’s a convenient place to get just about everything, so I’m there a few times a week.  It seems like every week they are collecting money for some charity.

They have the cause of the week prominently displayed.  I can buy a paper boot, heart, ribbon or balloon. And when I go to check out, there’s a jug there — inviting cash donations.  When I run my credit card through — as I approve the charge, I am given the opportunity to donate.

So — I have ample opportunity to give.  But then, if all those efforts have failed to get me to donate — the clerk asks me — do you want to make a donation to XYZ?

Now I’m feeling cornered.  The people in the line are listening. The clerk is looking at me like I’m a cheap jerk and while I should not care about what these strangers think — I sort of do.

That’s not a comfortable position and we shouldn’t be putting that sort of squeeze on our prospects or clients.

There’s a fine line in marketing and sales.  We’ve talked about it before.  You can lead a horse to water but you can’t make it drink. If someone is not ready to part with their money, you can’t force or humiliate them into doing so.  And if you keep pushing — all you do is alienate them.

Sometimes this over the line behavior is overt, like my Walgreens friends.  Other times, it’s more subtle – like the passive aggressive voice mail messages or constant up selling or incessant follow up even when you’ve been told no.

Subtle or not — it’s not effective. It makes us question your motives (I am pretty sure Walgreens has some sort of contest among their stores…to see who can raise the most money) and it feels a little desperate.

I know this flies into the face of the sales motto — always be closing.  But the hard sell doesn’t work anymore (Did it ever?).

Instead — you have to find a way to know who your real audience is, capture their attention, market consistently and have something of value to share/teach often enough that you stay on their radar screen until they’re ready to buy.

If it was easy — everyone could do it.  Do you have the stamina to sell?

 

Photo courtesy of www.BigStockPhotos.com

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Touching my heart doesn’t necessarily touch my wallet

February 4, 2013

Two of the best Superbowl commercials from yesterday were by Budweiser (no shock) and Jeep (a little more surprising).  Lots of tweets and FB updates mentioned “tearing up” as they watched them.  I reacted the same way.

The Budweiser spot:

[youtube]http://www.youtube.com/watch?v=o2prAccclXs[/youtube]

 

The Jeep spot:

[youtube]http://www.youtube.com/watch?v=FadwTBcvISo&list=PL3420076D4A3ECC4D&index=1[/youtube]

 

Both spots were really well done and very heart tugging.  I will admit, I got a little teary-eyed during both of them too. But neither spot had me reaching for my wallet.  I really, really do not like Bud beer.  I love their brand, their Clydesdales and their lore.  But nothing they do could get me to become a regular Bud drinker.

I don’t have those same kind of feelings about a Jeep.  I like them and I’ve even test driven them in the past.  But, I’m not in the market for a new truck, so Jeep’s spot didn’t have me changing my shopping plans either.

The spot made me appreciate that they invested that kind of money to honor our country’s troops but even if I was in the market, that wouldn’t be the tipping point.

Both spots are a good reminder that playing the emotion card alone usually isn’t enough to earn a new customer. We buy based on emotion, that is true.  But we also need something more.  Features, facts and need.

Brand building ads like Bud’s and Jeep’s earn brand respect and affinity. The spots probably had more of an effect on their current customers (who now have their buying decision reinforced) than prospects.  But for some people who might not be in the market today — these spots certainly didn’t discourage interest.

For those of us who can’t afford a Super Bowl commercial the lesson is even more important.  On a more finite budget — we need to be sure we find a balance between emotion and facts. Either alone just won’t get the job done.

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Have we lost the art of storytelling in marketing?

November 5, 2012

As the buzz about content marketing, social media and all things digital continues to rise, one of the catch phrases that gets a lot of attention is storytelling in marketing.  We afford it incredible lip service but do we actually practice it?

As we give way to our USA Today sound byte style of sharing information, are we losing the emotional tug of telling a great story?  Even in our case studies where we’re trying to help the prospects see themselves in relation to someone we’ve already helped  — are we too focused on the facts and too willing to sacrifice that emotional tug?

I worry that we are so focused on making sure we communicate the facts that we don’t trust your audience enough to find them if they’re wrapped in the emotion of the brand. The danger of that is that buying is an emotional response.  We buy based on our emotions and justify the purchase with the facts offered. But we very rarely buy on facts alone. So it we don’t offer up both sides of the equation — we leave our prospects wanting and our cash registers empty. Storytelling in marketing isn’t just to entertain or be memorable.  It is to drive brand loyalty and increased sales.

What made me ponder this on a Sunday morning is a local phenomenon that put the spotlight on the potency of storytelling for me. A Dunkin’ Donuts opened up in my community (we may be one of the few cities in the country that didn’t already have one) and the line on opening day was literally around the block.  Seriously — who stands in line for an hour for a donut?

Well, they did. And when I thought about the brand…I too had a very warm reaction to it. When I hear “Dunkin’ Donuts” my mind immediately goes back to the wonderful story driven TV spots they did back in the early 80s.

They used a character (Fred the Baker) to tell the audience why Dunkin’ Donuts were better — fresher, more variety and certainly made with more love.  I still crack up when I think of Fred in his dress, covering up his mustache, trying to get some competitive intelligence.

[youtube]http://www.youtube.com/watch?v=BwO4B_pxI7s[/youtube]

That’s great storytelling.  I not only learn that Dunkin’ Donuts bakes their donuts all day so they’re always fresh, but I learn about the variety (5 kinds of jelly donuts) and their commitment to quality. And it was funny to boot.

On the flip side of the emotional scale, there are few brands that tug at the heartstrings with their TV spots like Hallmark and Folgers.  Very different products but the same link to family and special times.  Check out these spots and see how you react to both the story and the brand.

[youtube]http://www.youtube.com/watch?v=I4kNl7cQdcU[/youtube]

 

[youtube]http://www.youtube.com/watch?v=37-r7Jtru8E[/youtube]

If you look at the dates on these spots — you’ll see that they’re all more than 20 years old.   I’m hard pressed to think of a company today that takes the time to tell the same sort of story (Budweiser may be the exception) today — in any media.

So here are some questions I’m pondering and wonder what you think:

• Has this sort of storytelling become passé?
• Are their any brands out there today who do this sort of storytelling in any media?
• Does social media and content marketing really lend itself to good storytelling?
• Do we need to go “old school” to really work storytelling into our marketing efforts?
• Are we equating storytelling to factual case studies rather than emotionally triggering customer stories?
• Is there a current brand that is really using storytelling to create an emotional connection with their audience?
• How can we better marry the digital marketing tools with the age old art of telling compelling stories?

Storytelling in marketing is hardly new. But it’s as effective today as it was when David Ogilvy and the other patriarchs of our field wove their compelling tales. The question is — how good are we at marrying the old and the new?

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Video can make a prospect’s concerns go away

October 8, 2012

Video is a very useful medium that most companies underuse. But when they are used…they’re typically used to sell or teach.  All of that is well and good.

But I think you might be missing the boat on an opportunity to make your prospects concerns go away.

I’m in Arizona for 10 days — a mix of working with clients and speaking at a conference. I didn’t want to pack enough clothes to cover all 10 days so I decided to pack for 5 or 6 and hit a laundromat on my day off, in between meetings.  I know…the glamours of business travel!

So now it’s Saturday and for me, it’s “find a laundromat” day.  I’m in a city I don’t know and I’m heading to a laundromat, which is usually not a high end consumer experience.  So I have some concerns.

• Will it be clean?
• What hours is it open – can I go during daylight?
• What’s the neighborhood like?
• Is it crazy expensive?
• How many machines do they have? Will I have to wait?

So I turn to the digital yellow pages.  Now I am really flying blind. But, on one of the listings — the laundromat had a video. They showed me how clean it was. They showed me the neighborhood.  They demonstrated that there’s always a staff person on-site.  They even showed me how much the detergent etc. would cost.  Their video made my concerns go away.

It wasn’t the closest laundromat. But, because of the video I was happy to pay for a longer cab ride to go to Ginny’s Washhouse. Why? They’d nullified my concerns.

All the laundromats had text in their ads that said they were clean and safe. But only Ginny’s proved it to me by showing me that it was true.

How is this relevant for you? Your potential customers have worries about you too.  They might worry that you’re too far away or hard to find. They might be concerned that you’re too expensive or you don’t understand their industry.  But deep down inside, every prospect has a worry or two about you.

Some of them will show up anyway.  Or pick up the phone and ask about their concern. But many will simply fade away, not ready to proceed with that nagging worry in the back of their head.

The old marketing model would have been to put the spotlight on all that you do right and ignore those worries, hoping they’d go away. Today, we know better.

Attack those buyer concerns and worries.  Pull them out into the light and deal with them.  And a really powerful way to do that is with video. Our brains may believe bullet points and text but our hearts believe what we see.  Video packs a multimedia punch that can use emotions, strong visuals and even music to create a tone of reassurance and confidence.

Keep in mind that sometimes their fears aren’t as easy to visually deal with as whether or not the floors are clean.  You may need to use a testimonial approach where a current client looks into the camera and says, “I thought AB&C was going to be way out of my budget range so I was pleasantly surprised when I found out it only cost $X.”

Get creative — but get to their worries and answer them right up front.

 

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Desperate makes us both feel cheap (pricing strategy)

October 5, 2012

Your pricing strategy should never be accidental.  It’s a vital element in your marketing mix.

Let me give you an example:  We use an outside vendor to provide extranet services for our clients.  We’d been with them for over five years.

We recently discovered a better solution.  Not only is it better, but it’s also less expensive. It wasn’t so much the fact that it was cheaper that sold us.  It was the ease of use for our clients.

But cheaper doesn’t hurt.  And this was cheaper by a couple hundred dollars a month.

When I contacted the old vendor to cancel our service, guess what their immediate response was. “We can match their price.”

What?  So you’ve been overcharging me for years?  Or you magically just had a price reduction to the very dollar amount of my new vendor and you were about to call and tell me about it?

We’re still leaving but now, instead of feeling a little guilty about leaving our old vendor, I’m feeling a bit used. If they’d valued our business – why didn’t they offer us this new price while we were still their customer?

Talk about leaving a bad taste in my mouth.

Dropping your price just to keep a customer is never a good strategy.  It makes everyone feel a little cheap. In the end, no one wins and you can kiss any sort of recommendation goodbye.

Your pricing strategy is one of the key components of your marketing message.

It speaks about things far beyond your cost.  It communicates value, customer attentiveness and how you view the relationship, both short and long term.  It’s not something you should just stumble into.  And it’s not something you should damage by mishandling a situation, like our old vendor did.

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They’ll buy when they trust

September 27, 2012

Here’s an equation that every business owner needs to understand.

Know + Like + Trust = Buy.

Whether you sell toothbrushes or multi-million dollar medical equipment and everything in between — until a customer:

• Knows who you are
• Likes who you are
• Trusts you

there is no purchase.  The depth of the trust required varies but there must be at least a base level of trust in place before anyone will spend a dime.

One of the things I love about social media/content marketing is that it is hard-wired to help savvy business people maximize this equation.

Know = search.  If I can’t find you, then I can’t know you exist.  Understanding how potential customers are using search when they want what you sell is vital to your business success today. Do you know what key words and phrases you should be mindful of? Are you creating content that will leverage that?

Like = social networks/blogs. When I hang out with you, in person or online, I get a sense of who you are and whether or not I like who you are.  When I read your blog, I begin to learn who you are and what you believe.  Are you out there, creating conversations and relationships?  If not — when are you going to start?

Trust = consistency online and off.  It’s easy to fake being nice, smart or helpful once or twice. But that’s tough to pull off on a consistent basis. We know that when it comes to our offline world.  And we’re learning it’s just as true online as well.  One of the greatest elements of having a digital presence is that it can quickly provide someone with a long term view of who/how you are.  That builds trust.

That equation lines up perfectly with how content marketing/social media is supposed to work.  When you create great, helpful content that aligns with how people search — you create that long tail effect that drives people to you. When you share it through your social networks and it’s done without being pushy or sleazy, people will come to like and respect you. Like and respect evolves into trust when you behave consistently in the same way.

Whether you actually sell online or you have a brick and mortar presence – using content marketing and your social media presence to move prospects along the spectrum of know, like, trust is just good business.

I’m curious — how are you building trust with what you do online?

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What clear signals do you suppose you’re missing?

August 8, 2012

I had a few little electrical projects that needed to be done around the house. So I turned to my Angie’s List favorites.

Once I found the right business, I had an array of choices in terms of how I wanted to connect with them.  I clicked on the email icon and jotted a quick note, describing exactly what I needed to have fixed.

Within a few hours the electrician emailed me back with this message: “Sounds good Drew, give me a call to discuss.”

Um, no.  I didn’t accidentally click on the email icon.  I made a conscious choice.  It’s not that I am anti-phone.  Heck…ask AT&T how pro-phone I am.  But, during business hours, I just don’t have time to talk to him.  I’m in meetings, on the phone with clients and on the run.  Which is why I emailed him to begin with.

What could have been an easy sale is now tangled up because he didn’t pay attention to the very clear signal I sent.  I don’t have time to call him…so odds are, the work just won’t get done for a little while.  A lost sale.

What clear signals do you suppose you’re missing?

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How do you create urgency?

June 6, 2012

I’ve been in several conversations with clients and other business owners of late all surrounding the issue of creating urgency in potential buyers.

You’ve probably found yourself in the same situation. You know your product or service has incredible value but no one seems in a big hurry to buy it.

How do you move someone from “that might be nice” to “I need to have it now?”  Especially if you don’t consider yourself a sales person.

The canned sales training answer to this question would be to create an artificial incentive or fear that can be relieved by making a purchase.  These might include:

Limited quantity — Hurry, because we only have 20 of these left in the warehouse and once they’re gone…. they’re gone!

Limited time — These grand opening prices will never be seen again so get in here before Sunday or say goodbye to these incredible savings!

The bonus — If you buy the cookware set today, you’ll also get the matching knife set and a year’s subscription to Foodies Magazine.

Each of those techniques can and does work.  But…you have to be careful.  Your customers and prospects are:

• Pretty jaded
• Pretty smart
• Pretty onto the tricks

If the limited quantity, time or bonus items are legit — then give it a whirl.  But recognize that your audience is still going to smell promotional trickery, even if it isn’t there.  (Remember, pretty jaded).

If people just aren’t buying as quickly — maybe you’re talking about the wrong things.  Are you still talking features rather than benefits?  Or have you dug deeply enough to get at the real “why they’d buy?”

I think in many cases…we get a little lazy here.  We think that people want to come to a home show because they like looking at new ideas for re-decorating their home.  But if you dig a little deeper and push through another couple “whys” you might take this path:

• I’m thinking about going to the home show because it’s fun to get re-decorating ideas.
• I’ve been in my house for 10+ years now and things are feeling boring/stale.
• We can’t afford to move to something newer/bigger because we’re upside down on our mortgage.
• I feel stuck in our house and it’s making me notice everything that’s wrong, dated and old about it.
• By investing in some paint and elbow grease, my old house will feel new again and I’ll  fall back in love with living there.  I’ll go from feeling like I have no choice to being happier with the choice I do have.

This is a simplistic example…but you can see I drilled down about 4 “why” levels to get to a very human truth. If I were writing ad copy or blog posts about the home show — rather than just pointing out all the booths that were touting re-decorating ideas, I’d focus on the idea that everyone’s home could use a little help here and there…and the result is that you’ll fall back in love with your home.

My point — before you create an urgency gimmick, drill down a few more ‘why” layers and see if you can find a human truth that will serve as a much better urgency creator.

 

Photo courtesy of www.BigStockPhoto.com

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What is the next step?

April 25, 2012

That’s the question you should ask yourself as you create any marketing piece.  “What is the next step I want the prospect to take?”

Whether it’s a Facebook fan page, an enewsletter, a TV spot or a blimp with your logo on it — you have earned their momentary attention.  What are you going to do with it?  Where do you want to take the conversation/connection from here?

• Do you want to give them the opportunity to contact you?
• Do you want them to share your content?
• Do you want them to ask you a question?
• Do you want them to laugh so hard that they have to tell someone about it?
• Do you want them to try a sample?
• Do you want them to redeem a coupon?
• Do you want them to click, text or call to give you a donation?
• Do you want them to sign up for your enewsletter or blog?
• Do you want them to stop by the store?
• Do you want them to recognize your name when you call?

There is no magic right answer other than — you should have an answer.  Sales is a series of tiny baby steps.  But you always have to be asking…what is the next step.

After you know what the next step should be — you need to help your audience know what the next step is.  And by help I mean — tell them.  Don’t be shy or subtle.  Tell them.

Last week, I was fortunate to speak at a conference held by the Oklahoma Restaurant Association*and as part of their event — they hosted a reception where many of their members got to show off their best entrees as guests mingled through a large ballroom — nibbling on snack sized portions of all these good eats.

One of the restaurants, The Rib Crib,  had clearly asked the question “what do we want them to do next” because as they gave you the sample-sized sandwich, they also handed each person a wooden coin that offered them a free entree at their next visit.  They were clearly telling us what to do next.  “Come experience our restaurant” is what they were saying to us.

Start looking at all of your marketing materials.  If you can’t clearly identify the next step — how do you expect your prospects to?

 

* Many thanks to my friend Scott Townsend for paving the way to the invitation to speak.

 

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