Create memorable experiences that
Let’s talk experiential marketing. Definitions of this relatively new term may vary, but Econsultancy’s David Moth nailed it pretty well:
“The premise to create a closer bond between the consumer and the brand by immersing them in a fun and memorable experience”.
If your brand is part of an event that evokes positive feelings within a consumer, the consumer is more likely to associate your brand with those positive feelings. Which opens the door to brand loyalty and increased customer lifetime value.
The Simpsons movie was released in 2007. In the US, distributors 20th century Fox transformed 12 7-Eleven stores into Kwik-E-Marts (the Simpsons’ 7-Eleven equivalent). Customers could buy products that appeared in the Simpsons movie, and “experience” being in the Simpsons.
In Sweden, Coca-Cola gave their customers the “experience” of a warm summer’s day… in the middle of winter. People waiting at a bus-stop were treated to projections of summery images, heat lamps and audio recordings of birdsong.
Or why not try out experiential marketing on yourself? Walk into one of the 453 Apple stores around the world. Experience the attentive staff, the ability to pick up and test products, the overall energy and excitement of visitors. Can you apply any of these elements to your event?
1.Establish the brief
Why do you want experiential marketing? What do you want to achieve, and how will you measure it? Do you have figures that will help demonstrate the ROI, or do you want the agency to make suggestions?
2. Know your audience
Experiential offers many options. What’s right for your audience? Will they respond to video games, or something something more cerebral, perhaps involving touchscreen quizzes? Will augmented reality engage them, or will it become the dominant feature and cloud your brand message? Your agency should be able to give examples of how they have helped previous clients.
3. Develop an exit strategy
How will you follow up leads? You probably already know the price of getting a new customer. Seven times as much as retaining an existing customer. So how do you keep delivering a positive “experience” to delegates after the event? You can’t continue with experiential marketing forever, but you can ensure you stay prominent in their minds. Create an inbound marketing strategy, emails, newsletters, special offers.