Brands are in a constant quest to discover their most
valuable target consumers. They do this through a variety of methods, from
measuring attention and affection to length of tune-in and sharing of messages,
for example.
But it is becoming clear that one of the pivotal attributes to a
brand’s success is its Emotional Attachment. This form of attachment to a brand
holds significant power to affect sales and profitability. Studies have shown
that emotionally attached consumers form the most highly profitable sector of a
customer base. According to Jami
Oetting, Hubspot’s Content Marketing Strategy Manager, “emotional responses
to ads are more influential on a person’s intent to buy than the content of an
ad.”
Gary Reisman, CEO and Founder, LEAP Media Investments, notes
that, “Emotional Attachment is the top of the consideration pyramid that drives
other behaviors to happen.” His company holds the key to emotional attachment
for 410 brands across all major marketer categories. “Someone who is highly
attached is three times more likely to engage with the brand,” he adds, “They
are less price sensitive, go deeper into the product line and have a higher
lifetime value to an advertiser.” Studies have shown even brand extensions
benefit from positive emotional attachment. Per the often cited neurologist,
Donald B. Calne: “... emotion leads to action, while reason leads to
conclusions.”
Those actions, by emotionally attached consumers, drives
brand success in the form of higher ROI by spurring more sales, greater
retention and resonance of the advertising message and increased loyalty
because the brand is perceived as “speaking to” the consumer, which in turn ups
engagement.
LEAP has identified three core groups of
consumers for any particular brand. According to Reisman:
·
Enthusiasts are highly attached to the brand.
They are extremely engaged, very responsive to ads, and dedicated brand
advocates. This group can be easily leveraged to drive increased sales as well
as positive and potentially viral social sharing and engagement.
·
Conquests are slightly less attached to a brand
than Enthusiasts, though they remain highly engaged and responsive to ads. This
group can drive incremental sales volume. Because their allegiance is not as
steadfast as Enthusiasts, many marketers target Conquests Audiences of
competitive brands to steal share.
·
Expansions are the least attached to a brand.
Brands that wish to expand their consumer base beyond their traditional brand
footprint turn to Expansion Audiences to expand and build their brand effectively.
Riesman’s company has developed a way to build scaled
audiences of those core groups that can be activated in media based on their
predicted level of Emotional Attachment to specific brands. Reisman claims it has been proven time and
again that simply re-allocating a media buy to reach a brand’s Enthusiast and
Conquest audiences can deliver multiple improvements on ROI in terms of
increased sales. “We’ve seen brands we’ve worked with increase ROI and sales
growth as much 50-100% by using this approach. Everyone talks about engagement
and what is engaging,” he explains, “in actuality, engagement is symptomatic of
emotional attachment. If you find and target people who are emotionally
attached, they will be more engaged – that is – more ad responsive and
profitable.”
“What is so exciting
in today’s market is the advent of true audience-based targeting”, says
Reisman. “We are now able to build
audiences that are predicted to engage – which is much more effective than
running a campaign with optimization on the backend. Why not optimize the audience before you
spend hard earned media dollars?”
This article first appeared in www.MediaBizBloggers.com
No comments:
Post a Comment