Companies sell products and services. Customers buy promises of experiences.
Dyson sells vacuum cleaners. Customers buy "absolutely no loss of suction."
Porsche sells performance vehicles. Customers buy "the ultimate status symbol in the passing lane."
Uber sells transportation. Customers buy "rides on demand, at the touch of a button."
What companies sell is rationale. What customers buy is emotional.
Customers are buying something that transcends what companies sell. They are buying experiences. And that's what a brand is: a PROMISE of an experience. A successful brand promise transcends rationale business strategy, to provide an emotional experience. An emotional experience that differentiates a brand from its competitors , who offer similar (if not identical) products.
Coke is a master at it. There are countless options in the product category of carbonated soda. But Coke is the only brand to promise "happiness."
This transcendent promise distinguishes Coke from its primary rival: Pepsi, which promises "refreshment." While the concept of being refreshed is relevant and important in this product category, it is hard to argue that the concept of being happy isn't more important. What Coke promises is a powerful one-word brand concept that links to the single-most aspirational human emotion. That's why Coke is the category leader.
Think beyond the product or service your company sells. Focus on the emotional experience your customers are seeking to buy. Then build it into your brand promise in a way your competitors don't.
These are my thoughts on how companies can connect more strongly with their target audiences. I would love to hear yours.
Thanks for reading.
p.s. If you'd like to connect more strongly with your target audience, I'd love to help. Please message me at Todd@LINKTrainingAndConsulting.com, or call me at (513) 240-8383.