Are Marketers Too Consumed With The Consumer?

Are Marketers Too Consumed With The Consumer?

February 13, 2020 Off By administrator

So much talk in marketing today is about the customer—consumer centricity, consumer experience, consumer data and personalization. But are we too consumed with the consumer? Don’t get me wrong: I’m a geek’s geek when it comes to mining for audience insights. But to truly understand who our highest potential customers are, don’t we really need to know ourselves first? Our organization? Our co-workers? Our brand? How often are we looking internally to inspire what we say and do externally? For all the virtues and benefits of a strong customer focus, it’s easy to lose sight of who we are and what makes us special.

That brings us to brand purpose.

A recent study from Harvard Business Review confirmed what many studies have shown: A strong, clear and compelling brand purpose drives business growth. Previous studies by Millward Brown and Meaningful Brands showed that purpose-driven brands outperformed their competitors by 200% to 400%. Additionally, consider that, according to Gallup Poll, less than 30% of employees believe in the brand that employs them.

Purpose is powerful. Purpose is profitable. And purpose comes from within. Consumers can inform and inspire it, but purpose is all about passion, and no one can give you passion. No one can define your purpose for you.

How to find your brand’s purpose: soul searching.

You can’t sell from an empty soul, so start internally, and prepare to dig in. Deep. The HBR study suggests that there are two approaches: internal and external. However, both start and largely center around an internal focus. So perhaps more than internal and external, we should recast these approaches as inspirational and aspirational, meaning you can dive in and be inspired by your history, or you can dream about your future and what you aspire to be. I’d recommend both.

So here are five tips to get started:

1. Start with your company’s creation story. Who was there at the beginning? Why did they do it? What passion was driving them, and what problem were they trying to solve? All brands and organizations were new at some point. Brainchildren. Passion projects. “Aha” moments. True, not every company started romantically, in a garage by a scrappy young person with a dream in their heart and a sparkle in their eye. But building new brands and bringing new products/solutions to market is hard work. Someone somewhere poured every ounce of their blood, sweat and tears into the cause. Look back before you look forward. Find inspiration in your company’s legacy and lore. And be sure to hear them from as many points of view as possible.

2. Work to understand all those within your walls, from every angle, throughout your organization. What gets them out of bed? What drives them? What brings them the most satisfaction? Don’t just rely on employee surveys or a few focus groups. Become an anthropologist within your own organization. Use observation, interaction, inference and intuition.

3. Get dreaming.

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