Wednesday, January 21, 2009

Marketing to the consumer, or consumering to the Marketer

Loyalty is the greatest thing to happen to marketing in a long time. How so? Most people look at loyalty as the chevron to the right of purchase on a purchase funnel diagram.

Loyalty is the most effective input into marketing that there is. When customers become loyal, not only do they want to repeatedly purchase a product or service, but they want to emotionally invest in it. For proof, look no further than www.flyertalk.com, a frequent traveler bulletin board site.

The people who post on FlyerTalk do it at all hours of the day and night, and go to great lengths to dissect and reverse engineer loyalty programs. My Starbucks Idea launched for people who love Starbucks so much that they want to help build it. REI builds its brand through a coop to drive member participation. So why are brands just now starting to understand the value of their consumers? Why are these brands in the minority?

Brands should solicit input from loyal customers whenever possible. Blogs, forums, social media participation should be cornerstones of marketing efforts. Driving and engaging in the conversation leads to greater emotional investment from the customers which in turn leads to greater product involvement with the company.

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