Rescue Your Brand from Captivity
Our world is an amalgamation of stories, worldviews and beliefs, and our current industrial model was created to manufacture wants and needs. Since the first days of commerce, brands have been investing oceans of energy and resources to build substance and meaning to their offering using storytelling (like P&G's recent "Pick Them Back Up" campaign) and to promote those benefits.
At the same time, the massive proliferation of television and online, the transformation of the PC into a retail channel, the explosive rise of mobile and social media, and as a result a constant battle for the consumer's attention. Every day there are 3.3 billion searches on Google and nearly as many updates on social media. Understanding the consumer's decision journey and creating one-to-one conversations is critical to identifying battlegrounds to either win new customers or keep existing ones from defecting to competitors.
To make it worse, the "storytelling" that brands have been so carefully crafting, and spending what is approaching an annual $1 trillion globally, is being trapped and diluted in this 'prison' and "fences" formed through retailers, media and networks standing between them and their target consumers. Even the world's top marketers using big data and emerging technologies are struggling to solidify the emotional connection between people and brands.
No wonder that all this results in mediocre outcomes. In a survey of 600 CEOs and decision makers conducted by the Fournaise Marketing Group, 73% of CEOs think marketers lack business credibility and that they can't prove they generate business growth.
In a recent interview published in McKinsey Quarterly, Lorraine Twohill, Google's senior vice president of global marketing, describes what has and hasn't changed for marketers trying to connect with customers. "It means marketing needs to raise its game. Engineers look at the world in a different way than the rest of us. They're big visionaries, big thinkers, because they have huge imaginations. You have to be as good as that. You have a seat at the genius table with people that can code, people that are creative, and are extraordinarily talented. To have a seat there, you need to raise your game."
You and your brand need to be sitting at that table – and escape the prison that your storytelling is being trapped in. Doing so is recreating the brand-to-consumer experience with a customer-centric approach to reach engage, and inspire customers to buy. Companies and product vendors now have to collaborate to offer purchasable products and services directly to the customer at the right place and most influential time.
The pivot-point moment for brands is upon us, and marketers are seeking new ways to provide authentic substance to their customers, while controlling the end-to-end storytelling. This approach means moving away from the "usual way of doing things."
Communication is still key, but context and actual intent matters more than ever.
The better you engage with your customer directly, the stronger your customer's experience going forward. Amidst the confusion and changing retail landscape, the clear thinkers can break through the barriers and drive revenues through the use of innovative marketing technology partners.
To learn more, schedule a demo or get started with Epteca's Marketplace Ecosystem, please visit http://www.epteca.com.
About Epteca
Epteca is the pioneer of context marketing in the world of merchandising of branded products and ancillary services within the aviation and travel industry, a USD 280 billion market. The unique end-to-end platform with predictive algorithms matches customers context and intent, creating new service opportunities while enhancing the customer experience in all the phases of their journey. Since 2013, Epteca has been working with over 60 leading travel and consumer brands helping engage and inspire their customers with contextual, highly relevant and timely information and offerings. Epteca can accurately anticipate not only what customers require, but also what they are likely to want or do during their trip. Epteca delivers on what until now has been an elusive dream: the right offering, presented to the right customer, at the right place and the right time – guaranteed.
