Brand storytelling involves the use of authentic, sustainable, and emotion-driven narratives that promote organizational growth and customer loyalty. Brand storytelling is a form of integrated marketing where a company’s brand content is streamlined across multiple media channels and market activities. This may include social media, content marketing, public relations, video, search engine optimization, sales collateral, messaging, and advertising.
Aspect
Explanation
Brand Storytelling
– Brand Storytelling is a marketing strategy that uses compelling and relatable narratives to convey a brand’s values, personality, and mission. It goes beyond traditional advertising by creating emotional connections with audiences and engaging them in the brand’s journey.
Narrative Elements
– Characters: Brands often feature relatable characters in their stories, which can be the founder, employees, or even customers. – Conflict: Stories may involve challenges or conflicts that the brand has overcome. – Resolution: There’s typically a positive resolution or outcome, highlighting the brand’s success or positive impact.
Emotional Connection
– Brand storytelling aims to evoke emotions such as empathy, inspiration, or nostalgia, fostering a deeper connection between the brand and its audience. This emotional bond can lead to increased brand loyalty and customer engagement.
Brand Values
– Through storytelling, brands can effectively communicate their values, ethics, and social responsibility initiatives. Consumers are more likely to support brands that align with their own values and beliefs.
Differentiation
– Effective storytelling can set a brand apart from competitors by creating a unique and memorable narrative. It helps consumers remember and identify with the brand on a personal level.
Channels
– Brand stories can be shared through various channels, including advertising campaigns, social media, websites, and even product packaging. The choice of channel should align with the target audience and the nature of the story.
Examples
– Nike: Nike’s “Just Do It” campaign tells stories of athletes overcoming challenges, inspiring consumers to push their own limits. – Coca-Cola: Coca-Cola’s holiday ads often feature heartwarming narratives that evoke feelings of joy and togetherness. – Apple: Apple’s brand story revolves around innovation, design, and simplicity, which has resonated with its audience for decades.
Measuring Success
– Success in brand storytelling can be measured through metrics like brand awareness, customer engagement, and sales. Ultimately, the goal is to create a positive and lasting brand image in the minds of consumers.
Conclusion
– Brand storytelling is a powerful marketing strategy that leverages the art of storytelling to connect with consumers on an emotional level, communicate brand values, and differentiate from competitors. By crafting compelling narratives, brands can leave a lasting impact and build strong, loyal relationships with their audience.
Brand storytelling is a sustainable way to communicate a brand based on the stories a company shares and the stories others share about the company based on its behaviors or actions. It’s important to note that brand storytelling does not encompass a company logo, catchphrase, timeline, or advertising commercial. Nor does it solely encompass the mission, vision, and values stated on the company website.
Instead, think of brand storytelling as the amalgamation of:
What a company stands for and what drives it toward success.
What differentiates the company from its competitors.
A company’s values, beliefs, and attitudes that comprise corporate culture.
A company’s history, failures, successes, reasons for being and the individuals responsible for playing a significant role.
The most skillful brand storytellers strike the right balance between commercial objectives – such as increasing brand awareness or revenue – and an audience-centric approach to the story itself.
Brand storytelling has become more popular in recent times as consumers actively avoid traditional advertising methods that are disruptive and repetitive. To that end, brands are now creating media content that is also entertaining and informative to appeal to the discerning consumer.
The foundational elements of brand storytelling
In truth, there are many approaches to telling brand stories that will resonate with consumers. Having said that, it is a good idea to incorporate the following foundational elements and then customize the narrative to suit the individual brand:
Plot and conflict – first, identify the antagonist who establishes a conflict and a protagonist that seeks to resolve it.
Characters – the antagonist and protagonist should be “built out” with character depth to allow consumers to become emotionally invested. This causes them to cheer for the good guy and admonish the bad guy.
Setting – the setting establishes the mood, influences character behavior, reveals conflict, and, in theory, elicits an emotional response in the consumer.
Theme – in other words, what is the purpose of the story? If a business does not understand why it is telling a story, there is no chance the story will have its intended purpose.
Form – or the medium with which the story will be told. These days, there are many options such as podcasts, webinars, spoken, video testimonials and success stories, animation, film, magazines, blog posts, articles, and social media content.
Brand storytelling and the marketing funnel
The sales funnel is a model used in marketing to represent an ideal, potential journey that potential customers go through before becoming actual customers. As a representation, it is also often an approximation, that helps marketing and sales teams structure their processes at scale, thus building repeatable sales and marketing tactics to convert customers.
Most businesses tell stories to influence consumer behavior. To do this effectively, brand storytelling should be in harmony with the four stages of a typical marketing funnel and the customer journey. This assumes the business has already identified a unique value proposition and has a detailed understanding of its target audience.
Let’s take a look at the four stages below. At each stage, the business should be telling stories that are relatable to the consumer in terms of their unique pains, struggles, or goals.
AIDA stands for attention, interest, desire, and action. That is a model that is used in marketing to describe the potential journey a customer might go through before purchasing a product or service. The AIDA model helps organizations focus their efforts when optimizing their marketing activities based on the customers’ journeys.
1 – Awareness (build intrigue)
In the awareness stage, it is important to mention shared values and interests. In other words, what can the business say about its passions, problems, or experiences to make consumers feel like it understands them?
Investment platform Wealthsimple featured the story of a customer who was saddled with debt in its digital magazine. Since the customer was someone the company’s target audience could relate to, the brand was able to build authority and intrigue about how their debt was reduced.
2 – Consideration (educate and inform)
In the consideration stage, the business should provide additional information to describe how it came to be founded and how it seeks to remedy the problems identified in the awareness stage.
Practical information that teaches, motivates, or engages is the most effective.
3 – Conversion (influence a purchase)
Now it is time to detail how the business can actually solve the problem. Customer stories and their associated social proof build credibility and trust. Ideally, these stories should clarify whether the product or service does what it says on the box. They should also describe its competitive advantage and why the customer should care.
Some brands also use customer testimonials to focus on emotional impact over product features. For example, Google featured a goat farming couple who had increased their milk sales by 6000% in four years using Google Ads. Instead of focusing on the features within the ad platform that were responsible for the success, Google painted it as a typical “rags to riches” story where the farmers started with a single goat and grew their flock to over 70.
4 – Retention (inspire engagement)
Customer retention is one of the most important metrics of any business. Here, it is important to share experiences that turn customers into fans and make them feel part of something special. The most adept marketing teams also realize that consumers are predisposed to making connections and attachments with others of a similar ilk.
To take advantage of this predisposition, Patagonia tells different stories that are segmented by the various preferences of their audience to make them feel like they belong, For example, the brand has devoted a section of its website to a place where climbers can come together and share stories, tips, and equipment reviews.
Advantages of Brand Storytelling:
Emotional Connection: Effective brand storytelling elicits emotions, fostering a strong bond between your brand and consumers. Emotional connections can lead to increased loyalty and brand advocacy.
Memorability: Well-told stories are more memorable than facts and statistics. They ensure that your brand remains top-of-mind, even in a crowded marketplace.
Differentiation: Stories set your brand apart from competitors by highlighting what makes you unique, whether it’s your history, values, or mission.
Relatability: Stories make your brand more relatable to consumers, helping them understand how your products or services fit into their lives.
Trust-Building: Sharing authentic stories builds trust with your audience, demonstrating transparency and authenticity.
Challenges of Brand Storytelling:
Consistency: Maintaining a consistent narrative across various channels and over time can be challenging, requiring meticulous planning and execution.
Audience Relevance: Crafting stories that resonate with diverse target audiences can require careful segmentation and adaptation to ensure they remain relevant.
Authenticity: Authenticity is crucial; if your stories come across as contrived or insincere, they can backfire, eroding trust rather than building it.
Competition: As more brands embrace storytelling, it becomes harder to stand out and create a unique narrative, necessitating creativity and innovation.
When to Use Brand Storytelling:
Brand Launch: Utilize storytelling to introduce your brand to the world, providing insights into your mission and values from the outset.
Rebranding: When undergoing a rebrand, storytelling can help explain the changes and connect with existing and new audiences, facilitating a smoother transition.
Product Launch: Craft a compelling narrative around the creation and features of your product, enhancing its market appeal.
Company Milestones: Celebrate achievements and milestones by sharing stories of growth and evolution, reinforcing your brand’s journey.
What to Expect from Using Brand Storytelling:
Increased Engagement: Expect to witness higher levels of engagement on your marketing campaigns and social media channels as your narratives resonate with your audience.
Customer Loyalty: Over time, brand loyalty and customer retention should improve as consumers connect with your brand’s narrative, becoming more emotionally invested.
Enhanced Reputation: Effective storytelling can boost your brand’s reputation and position you as an industry leader, leading to increased credibility.
Long-Term Expected Impact:
Sustainable Growth: Consistent and compelling brand storytelling can contribute to sustained business growth, as your brand becomes deeply ingrained in the minds of consumers.
Stronger Brand Identity: Over time, your brand’s identity will become more distinct and recognizable, solidifying your position in the market.
Resilience: A well-established brand story can help your business weather challenges and crises, as consumers have a deeper emotional attachment and are more likely to stand by your side.
Related Business Frameworks:
Brand Architecture: Define how brand storytelling fits within your overall brand architecture and hierarchy to ensure a cohesive narrative.
Customer Journey Mapping: Understand where storytelling fits in the customer journey to create more relevant narratives at each touchpoint.
Content Strategy: Align your storytelling efforts with a comprehensive content strategy to maximize their impact and reach across various platforms and mediums.
Case Studies
Nike – “Just Do It” Campaign:
Story: Over the years, Nike’s “Just Do It” campaign has highlighted stories of athletes and ordinary people overcoming challenges and pushing their limits.
Impact: The narrative reinforces the idea that anyone, regardless of their background or abilities, can achieve greatness with determination.
Apple – “Think Different”:
Story: Apple’s iconic “Think Different” commercials showcased revolutionary figures from history, suggesting that people who use Apple products are also innovative and groundbreaking.
Impact: It positioned Apple as a brand for creative and forward-thinking individuals.
Dove – “Real Beauty” Campaign:
Story: Dove chose to showcase real women, not models, in their ads to redefine the standards of beauty.
Impact: The campaign resonated with women globally, leading to discussions about beauty standards and body positivity.
Airbnb – “Belong Anywhere”:
Story: Airbnb shares stories of hosts and travelers from around the world, emphasizing unique experiences and meaningful connections.
Impact: The narrative promotes a sense of community and belonging, making travelers feel they’re not just renting a space but becoming part of a global family.
Coca-Cola – “Share a Coke”:
Story: Coca-Cola personalized bottles with common names and encouraged people to share a Coke with someone special.
Impact: The campaign sparked personal stories and connections, reinforcing Coca-Cola as a drink that brings people together.
LEGO – “Rebuild the World”:
Story: LEGO’s “Rebuild the World” campaign focuses on the power of imagination and creativity in children, emphasizing how building with LEGO can inspire real-world change.
Impact: The narrative solidifies LEGO’s position as not just a toy, but a tool for imagination and innovation.
Spotify – “Year Wrapped”:
Story: At the end of each year, Spotify provides users with personalized summaries of their listening habits.
Impact: These personalized stories allow users to reflect on their year through music, making the brand more personal and relatable.
Starbucks – “Upstanders” Series:
Story: Starbucks created the “Upstanders” series, highlighting ordinary people doing extraordinary things in their communities.
Impact: The series reinforces Starbucks’ commitment to community and social impact.
Google – “Year in Search”:
Story: Google annually releases a “Year in Search” video, capturing the year’s most significant moments and trending searches.
Impact: These videos evoke emotion and remind users of the breadth and depth of human experiences, solidifying Google’s role in documenting our collective history.
TOMS – “One for One”:
Story: For every pair of shoes TOMS sells, they donate a pair to a child in need.
Impact: The narrative emphasizes TOMS’ commitment to social responsibility, encouraging consumers to make a purchase with purpose.
Key takeaways:
Brand storytelling involves the use of authentic, sustainable, and emotion-driven narratives that promote organizational growth and customer loyalty.
Brand storytelling endeavors to strike the right balance between commercial objectives and an audience-centric approach to the story itself. The foundational elements of a compelling story can be used to design strategies that attract consumers who are now averse to disruptive forms of marketing and advertising.
Brand storytelling is used to influence consumer behavior. This can be done by telling stories across the four-stages of the marketing funnel that includes awareness, consideration, conversion, and retention.
Key highlights on Brand Storytelling:
Introduction:
Brand storytelling involves authentic, sustainable narratives to foster organizational growth and customer loyalty.
It’s a form of integrated marketing across multiple media channels.
Understanding Brand Storytelling:
It’s more than logos, catchphrases, or mission statements.
It embodies a company’s values, beliefs, history, successes, and failures.
Successful brand storytelling combines commercial objectives with an audience-centric narrative.
Consumers prefer brands that offer engaging and informative content over disruptive ads.
Foundational Elements:
Plot & Conflict: A central issue introduced by an antagonist and resolved by a protagonist.
Characters: Deep, relatable characters that evoke emotional investment.
Setting: Determines mood, influences character behavior, and elicits consumer emotion.
Theme: The central purpose or message of the story.
Form: The medium used for storytelling, such as blogs, videos, podcasts, etc.
Brand Storytelling & Marketing Funnel:
Storytelling should align with the marketing funnel stages – Awareness, Consideration, Conversion, and Retention.
AIDA Model:
Stands for Attention, Interest, Desire, and Action. It describes the customer’s potential journey before purchasing.
Account-based marketing (ABM) is a strategy where the marketing and sales departments come together to create personalized buying experiences for high-value accounts. Account-based marketing is a business-to-business (B2B) approach in which marketing and sales teams work together to target high-value accounts and turn them into customers.
Ad Ops – also known as Digital Ad Operations – refers to systems and processes that support digital advertisements’ delivery and management. The concept describes any process that helps a marketing team manage, run, or optimize ad campaigns, making them an integrating part of the business operations.
Venture capitalist, Dave McClure, coined the acronym AARRR which is a simplified model that enables to understand what metrics and channels to look at, at each stage for the users’ path toward becoming customers and referrers of a brand.
Affinity marketing involves a partnership between two or more businesses to sell more products. Note that this is a mutually beneficial arrangement where one brand can extend its reach and enhance its credibility in association with the other.
As the name suggests, ambush marketing raises awareness for brands at events in a covert and unexpected fashion. Ambush marketing takes many forms, one common element, the brand advertising their products or services has not paid for the right to do so. Thus, the business doing the ambushing attempts to capitalize on the efforts made by the business sponsoring the event.
Affiliate marketing describes the process whereby an affiliate earns a commission for selling the products of another person or company. Here, the affiliate is simply an individual who is motivated to promote a particular product through incentivization. The business whose product is being promoted will gain in terms of sales and marketing from affiliates.
The bullseye framework is a simple method that enables you to prioritize the marketing channels that will make your company gain traction. The main logic of the bullseye framework is to find the marketing channels that work and prioritize them.
Brand building is the set of activities that help companies to build an identity that can be recognized by its audience. Thus, it works as a mechanism of identification through core values that signal trust and that help build long-term relationships between the brand and its key stakeholders.
According to inbound marketing platform HubSpot, brand dilution occurs “when a company’s brand equity diminishes due to an unsuccessful brand extension, which is a new product the company develops in an industry that they don’t have any market share in.” Brand dilution, therefore, occurs when a brand decreases in value after the company releases a product that does not align with its vision, mission, or skillset.
The brand essence wheel is a templated approach businesses can use to better understand their brand. The brand essence wheel has obvious implications for external brand strategy. However, it is equally important in simplifying brand strategy for employees without a strong marketing background. Although many variations of the brand essence wheel exist, a comprehensive wheel incorporates information from five categories: attributes, benefits, values, personality, brand essence.
The brand equity is the premium that a customer is willing to pay for a product that has all the objective characteristics of existing alternatives, thus, making it different in terms of perception. The premium on seemingly equal products and quality is attributable to its brand equity.
Brand positioning is about creating a mental real estate in the mind of the target market. If successful, brand positioning allows a business to gain a competitive advantage. And it also works as a switching cost in favor of the brand. Consumers recognizing a brand might be less prone to switch to another brand.
Business storytelling is a critical part of developing a business model. Indeed, the way you frame the story of your organization will influence its brand in the long-term. That’s because your brand story is tied to your brand identity, and it enables people to identify with a company.
Content marketing is one of the most powerful commercial activities which focuses on leveraging content production (text, audio, video, or other formats) to attract a targeted audience. Content marketing focuses on building a strong brand, but also to convert part of that targeted audience into potential customers.
One of the first mentions of customer lifetime value was in the 1988 book Database Marketing: Strategy and Implementation written by Robert Shaw and Merlin Stone. Customer lifetime value (CLV) represents the value of a customer to a company over a period of time. It represents a critical business metric, especially for SaaS or recurring revenue-based businesses.
Customer segmentation is a marketing method that divides the customers in sub-groups, that share similar characteristics. Thus, product, marketing and engineering teams can center the strategy from go-to-market to product development and communication around each sub-group. Customer segments can be broken down is several ways, such as demographics, geography, psychographics and more.
Developer marketing encompasses tactics designed to grow awareness and adopt software tools, solutions, and SaaS platforms. Developer marketing has become the standard among software companies with a platform component, where developers can build applications on top of the core software or open software. Therefore, engaging developer communities has become a key element of marketing for many digital businesses.
A digital channel is a marketing channel, part of a distribution strategy, helping an organization to reach its potential customers via electronic means. There are several digital marketing channels, usually divided into organic and paid channels. Some organic channels are SEO, SMO, email marketing. And some paid channels comprise SEM, SMM, and display advertising.
Field marketing is a general term that encompasses face-to-face marketing activities carried out in the field. These activities may include street promotions, conferences, sales, and various forms of experiential marketing. Field marketing, therefore, refers to any marketing activity that is performed in the field.
interaction with a brand until they become a paid customer and beyond.
Funnel marketing is modeled after the marketing funnel, a concept that tells the company how it should market to consumers based on their position in the funnel itself. The notion of a customer embarking on a journey when interacting with a brand was first proposed by Elias St. Elmo Lewis in 1898.
Funnel marketing typically considers three stages of a non-linear marketing funnel. These are top of the funnel (TOFU), middle of the funnel (MOFU), and bottom of the funnel (BOFU). Particular marketing strategies at each stage are adapted to the level of familiarity the consumer has with a brand.
A go-to-market strategy represents how companies market their new products to reach target customers in a scalable and repeatable way. It starts with how new products/services get developed to how these organizations target potential customers (via sales and marketing models) to enable their value proposition to be delivered to create a competitive advantage.
The term “greenwashing” was first coined by environmentalist Jay Westerveld in 1986 at a time when most consumers received their news from television, radio, and print media. Some companies took advantage of limited public access to information by portraying themselves as environmental stewards – even when their actions proved otherwise. Greenwashing is a deceptive marketing practice where a company makes unsubstantiated claims about an environmentally-friendly product or service.
Grassroots marketing involves a brand creating highly targeted content for a particular niche or audience. When an organization engages in grassroots marketing, it focuses on a small group of people with the hope that its marketing message is shared with a progressively larger audience.
Growth marketing is a process of rapid experimentation, which in a way has to be “scientific” by keeping in mind that it is used by startups to grow, quickly. Thus, the “scientific” here is not meant in the academic sense. Growth marketing is expected to unlock growth, quickly and with an often limited budget.
Guerrilla marketing is an advertising strategy that seeks to utilize low-cost and sometimes unconventional tactics that are high impact. First coined by Jay Conrad Levinson in his 1984 book of the same title, guerrilla marketing works best on existing customers who are familiar with a brand or product and its particular characteristics.
Hunger marketing is a marketing strategy focused on manipulating consumer emotions. By bringing products to market with an attractive price point and restricted supply, consumers have a stronger desire to make a purchase.
Integrated marketing communication (IMC) is an approach used by businesses to coordinate and brand their communication strategies. Integrated marketing communication takes separate marketing functions and combines them into one, interconnected approach with a core brand message that is consistent across various channels. These encompass owned, earned, and paid media. Integrated marketing communication has been used to great effect by companies such as Snapchat, Snickers, and Domino’s.
Inbound marketing is a marketing strategy designed to attract customers to a brand with content and experiences that they derive value from. Inbound marketing utilizes blogs, events, SEO, and social media to create brand awareness and attract targeted consumers. By attracting or “drawing in” a targeted audience, inbound marketing differs from outbound marketing which actively pushes a brand onto consumers who may have no interest in what is being offered.
Integrated marketing describes the process of delivering consistent and relevant content to a target audience across all marketing channels. It is a cohesive, unified, and immersive marketing strategy that is cost-effective and relies on brand identity and storytelling to amplify the brand to a wider and wider audience.
The marketing mix is a term to describe the multi-faceted approach to a complete and effective marketing plan. Traditionally, this plan included the four Ps of marketing: price, product, promotion, and place. But the exact makeup of a marketing mix has undergone various changes in response to new technologies and ways of thinking. Additions to the four Ps include physical evidence, people, process, and even politics.
Marketing myopia is the nearsighted focus on selling goods and services at the expense of consumer needs. Marketing myopia was coined by Harvard Business School professor Theodore Levitt in 1960. Originally, Levitt described the concept in the context of organizations in high-growth industries that become complacent in their belief that such industries never fail.
Marketing personas give businesses a general overview of key segments of their target audience and how these segments interact with their brand. Marketing personas are based on the data of an ideal, fictional customer whose characteristics, needs, and motivations are representative of a broader market segment.
Meme marketing is any marketing strategy that uses memes to promote a brand. The term “meme” itself was popularized by author Richard Dawkins over 50 years later in his 1976 book The Selfish Gene. In the book, Dawkins described how ideas evolved and were shared across different cultures. The internet has enabled this exchange to occur at an exponential rate, with the first modern memes emerging in the late 1990s and early 2000s.
Microtargeting is a marketing strategy that utilizes consumer demographic data to identify the interests of a very specific group of individuals. Like most marketing strategies, the goal of microtargeting is to positively influence consumer behavior.
Multichannel marketing executes a marketing strategy across multiple platforms to reach as many consumers as possible. Here, a platform may refer to product packaging, word-of-mouth advertising, mobile apps, email, websites, or promotional events, and all the other channels that can help amplify the brand to reach as many consumers as possible.
Multi-level marketing (MLM), otherwise known as network or referral marketing, is a strategy in which businesses sell their products through person-to-person sales. When consumers join MLM programs, they act as distributors. Distributors make money by selling the product directly to other consumers. They earn a small percentage of sales from those that they recruit to do the same – often referred to as their “downline”.
The Net Promoter Score (NPS) is a measure of the ability of a product or service to attract word-of-mouth advertising. NPS is a crucial part of any marketing strategy since attracting and then retaining customers means they are more likely to recommend a business to others.
Neuromarketing information is collected by measuring brain activity related to specific brain functions using sophisticated and expensive technology such as MRI machines. Some businesses also choose to make inferences of neurological responses by analyzing biometric and heart-rate data.
Neuromarketing is the domain of large companies with similarly large budgets or subsidies. These include Frito-Lay, Google, and The Weather Channel.
Newsjacking as a marketing strategy was popularised by David Meerman Scott in his book Newsjacking: How to Inject Your Ideas into a Breaking News Story and Generate Tons of Media Coverage. Newsjacking describes the practice of aligning a brand with a current event to generate media attention and increase brand exposure.
A microniche is a subset of potential customers within a niche. In the era of dominating digital super-platforms, identifying a microniche can kick off the strategy of digital businesses to prevent competition against large platforms. As the microniche becomes a niche, then a market, scale becomes an option.
We can define pull and push marketing from the perspective of the target audience or customers. In push marketing, as the name suggests, you’re promoting a product so that consumers can see it. In a pull strategy, consumers might look for your product or service drawn by its brand.
Real-time marketing is as exactly as it sounds. It involves in-the-moment marketing to customers across any channel based on how that customer is interacting with the brand.
Relationship marketing involves businesses and their brands forming long-term relationships with customers. The focus of relationship marketing is to increase customer loyalty and engagement through high-quality products and services. It differs from short-term processes focused solely on customer acquisition and individual sales.
Reverse marketing describes any marketing strategy that encourages consumers to seek out a product or company on their own. This approach differs from a traditional marketing strategy where marketers seek out the consumer.
Remarketing involves the creation of personalized and targeted ads for consumers who have already visited a company’s website. The process works in this way: as users visit a brand’s website, they are tagged with cookies that follow the users, and as they land on advertising platforms where retargeting is an option (like social media platforms) they get served ads based on their navigation.
Sensory marketing describes any marketing campaign designed to appeal to the five human senses of touch, taste, smell, sight, and sound. Technologies such as artificial intelligence, virtual reality, and the Internet of Things (IoT) are enabling marketers to design fun, interactive, and immersive sensory marketing brand experiences. Long term, businesses must develop sensory marketing campaigns that are relevant and effective in eCommerce.
Services marketing originated as a separate field of study during the 1980s. Researchers realized that the unique characteristics of services required different marketing strategies to those used in the promotion of physical goods. Services marketing is a specialized branch of marketing that promotes the intangible benefits delivered by a company to create customer value.
Sustainable marketing describes how a business will invest in social and environmental initiatives as part of its marketing strategy. Also known as green marketing, it is often used to counteract public criticism around wastage, misleading advertising, and poor quality or unsafe products.
Word-of-mouth marketing is a marketing strategy skewed toward offering a great experience to existing customers and incentivizing them to share it with other potential customers. That is one of the most effective forms of marketing as it enables a company to gain traction based on existing customers’ referrals. When repeat customers become a key enabler for the brand this is one of the best organic and sustainable growth marketing strategies.
360 marketing is a marketing campaign that utilizes all available mediums, channels, and consumer touchpoints. 360 marketing requires the business to maintain a consistent presence across multiple online and offline channels. This ensures it does not miss potentially lucrative customer segments. By its very nature, 360 marketing describes any number of different marketing strategies. However, a broad and holistic marketing strategy should incorporate a website, SEO, PPC, email marketing, social media, public relations, in-store relations, and traditional forms of advertising such as television.
Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.
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