Have you stepped back from your brand to understand what value the
consumer has placed on it? The value of your brand is now in the hands of the
consumer and the click of their mouse. The amount of positive engagement that
you provide to your consumer will provide endless avenues of communications
[word-of-mouth] that will fuel the "brand" buzz to consumers before they even
know your product.
In the past, marketing campaigns created value around a brand, but
with the expanding access to information and the ability to ‘socially'
communicate every feeling the consumer now establishes the value of a brand. From
the esoteric to the familiar, the consumer's experience and connection with a
brand, including online and brick-and-mortar, will be freely communicated
across channels.
Value points will be established by the consumer, and in some cases,
they will define the brand. How a product is delivered, or how easy it is to
return a product, may generate more brand value than the actual product being
sold. The ability to tap into this consumer experience and focus these
emotional elements so that they connect with future consumers will be critical
for the growth and sustainability of a brand.
Every product or service wants to stand for something, and doing
what "the other guy is doing" is not the answer, nor is it sufficient to stand
on your laurels. A brand needs to connect with their consumer on a business and
personal level. The proliferation of socially driven media channels means that
emotions, both positive and negative, will find their course to like-minded
listeners.
If a brand wants to differentiate, they need to understand the
emotional connection that they have with the consumer, as well as the value
that the consumer has created regarding these connections. A brand needs to
understand that the consumer will socially communicate their feelings to others
before they communicate them with the brand. The values that the consumer
communicates about a brand will define the brand. Thus, there is a need to
track the social communications to understand what the consumer values [about a
brand].
If a Company finds negative communications then they know where to
address their attention, as well as they can drive positive feedback to show
that they heard about their faults and they are addressing them. The social
word-of-mouth can communicate a value faster than any company's marketing
message, so you need to use the channels wisely.
Trying to capture consumer loyalty is a very complex process and
with the proliferation of products and services across the Internet, a
consumer's loyalty is still only a click away. Monitoring the emotional
connection that a consumer has with a company and the value that the consumer
has placed on the connection is an essential process.
No matter how or when you engage your consumer (i.e. online, print,
or in-store) you need to monitor the experiences that the consumer
communicates. There may be a hidden gem for a company/brand; instead of
consumers raving about a company's products, they could be raving about the
company's smooth return policy, or a slick advertisement, or the consistency of
the brand's message. Once you understand where the positive connections are,
you can work to emphasis these values.
Engaging a customer online is not a fad, it has been a
differentiator in the brick-and-mortar world, and it is a differentiator in the
online world. The difference for the online world is that you may not get
immediate feedback, thus you need to change how you measure, manage,
communicate, and market. To attain a real brand engagement will require that
you listen to what the consumers are saying so that you can adjust your
communications and Internet Presence to match what
they value.
I thank you for your continued support of Luxury Experience, and as
always, your comments are welcome, so please send comments to
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