When the radio and television were invented, the cost to broadcast was MASSIVE, and programmers would struggle to afford it. The industry put their heads together to come up with a solution to mitigate costs. They decided that advertisers would underwrite the high costs of the programs by showing advertisements during the show.
Terry O’Reilly, a famous radio broadcaster, describes this feature of media as a contract between marketers and viewers:
“Sponsors gave programming, and in return, they took some of the listener’s time and attention.”
According to O’Reilly, part of this contract involved advertisers offering viewers something valuable for their time:
"(Media) must figure out a way to honour (sic) an implicit contract between advertisers and consumers which, simply put, promises that advertisers must give you something in exchange for their imposition on your time, attention, and space. An ad might offer useful information, an insight or a solution to a problem."
I believe that this excerpt from O'reilly's book holds the key to fixing marketing. Good marketing should provide value to a customer and offer more than it takes away; it shouldn't just try to extract value or treat them like a number.
I want to use the rest of this post to offer a framework on how to use marketing to build value with your customer.
As I’ve written in previous posts, I believe that marketing should be centered around building trust with your customer.
Researchers estimate that the average person sees around 5,000 advertisements per day. It's obvious that there isn't time to possibly time to pay attention to all of them.
So how do you create marketing material that is impactful for your customers and that cuts through the barrage of the other marketing they see?
Think of it this way: if you were to meet someone new, what would you want them to say? What could they say to you that would signal trust and make you want to invest in that relationship?
1. Demonstrate Expertise
People trust somebody that is a subject matter expert. For example, we invest so heavily in our Pro's Corner Blog because we believe that providing our customers with technical expertise is one of the best ways to build a relationship.
How to implement this:
2. Build a Giving Relationship
Are you giving to your customers, or are you always asking them for things?
According to Robert Cialdini Ph.D., author of the seminal work "Influence: The Psychology of Persuasion", one of the universal laws of persuasion is reciprocity. People are much more likely to give to someone that gives to them.
Think of that friend that’s always asking for money. This person is always showing up to talk to us when they need to buy something, but other than these occasions you never really hear from them. At some point, these occasions of somebody frequently asking for money gets old, yet oftentimes as marketers, people communicate with their customers only when they want them to buy something.
This is a mistake that many companies make, and it annoys customers.
Ideally, conversations with our customers should involve 70 percent relationship building and 30 percent selling.
How to Implement this:
3. Be Transparency in your Communication
Don't tell lies or speak in hyperbole about your service. I’ve written about this before. Not only do customers appreciate honesty, but honesty also helps customers to make better buying decisions and get more of what they need.
How to implement this:
4. Spending time engaging with your customers
Your relationship with your customers should be engaging. Don't just sell your service. Frequently share value with your customers and talk to them like a normal person. Your interactions with your customer allow your brand and personality to shine through, and your customers will remember this.
How to Implement this:
4. Create a community
Values are important. What does your business stand for, and what impressions do you want to leave with your customer? Community is all about building a connection with people. People build a relationship with others that share similar values, and they will naturally desire to be connected to these companies.
How to Implement this:
"The Age of Persuasion: How Marketing Ate Our Culture" by Terry O'Reilly and Mike Tennant (see Chapter 2)
"Influence: The Psychology of Persuasion" by Robert Cialdini, Ph.D.
"Marketing Rebellion: The Most Human Company Wins" by Mark Schaefer