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Copyright
© 2007
American Brandstand
All Rights Reserved
Patented and Patents Pending |
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Experiential
Marketing Defined
What is Experiential Marketing? Experiential
Marketing is a methodology, a concept that moves beyond the traditional
“features-and-benefits” marketing. Experiential Marketing
connects consumers with brands in personally relevant and memorable
ways.
Experiential Marketing is the next marketing methodology that
can bridge the disconnect between
consumers' increasing demand to engage marketers and brands on
their own terms, and the slow-footed reluctance of traditional
marketers to move away from mass-media marketing and the one-way,
command-and-control ways of building brands they have been accustomed
to for decades.
The idea of Experiential Marketing reflects a right brain bias
because it is about fulfilling consumers’ aspirations to
experience certain feelings – comfort and pleasure on one
hand, and avoidance of discomfort and displeasure on the other.
Experiential Marketing occurs in person. It is a direct interaction
one-on-one between a brand and an individual consumer. This experience
creates a stronger relationship with the consumer.
In contrast, traditional product centric marketing reflects a
left brain bias because it generally seeks to persuade consumers
by invoking rational factors that position the advertised brand
as better than competing brands. Product centric marketing presumes
a degree of rationality in consumers’ decision-making that
contemporary brain science refutes. Consumers’ decisions
are much more influenced by emotionally generated feelings than
by their rationally derived thought.
Category Growth
Experiential Marketing has become an accepted alternative marketing
methodology. The term "Experiential Marketing" now receives
327,000 hits on Google. Experiential Marketing continues to grow
in popularity as it becomes a more widely adopted methodology
by mainstream marketers.
Experiential Marketing is also termed as customer experience marketing
because the idea is to communicate the essence of the Brand through
a personalized experience.
The Need
With emerging media entering the marketplace on a regular basis,
vying for consumers’ attention is becoming increasingly
difficult. The 30-second spot is proving to be less effective
and
marketers are forced to look for alternatives. Consumers themselves
have even resorted to avoiding messages whenever possible by installing
pop-up blockers or fast forwarding their DVR (such asTiVo) to
avoid commercials.
Experiential Marketing was once seen as an alternative approach
to reaching the most media-savvy audience. It offers an engaging,
entertaining and interactive brand experience unmatched by traditional
marketing. In today's marketing landscape Experiential Marketing
is leading the way.
In the past ten years, Experiential Marketing has become a hot
topic in the branding world. Some of the most prominent brands
such as Levi’s, Nokia, Harley-Davidson, Wells Fargo, and
Volkswagon have implemented successful experiential programs to
reach their target. In larger examples, nationwide Experiential
Marketing campaigns have been launched by Starbucks, Proctor &
Gamble, General Motors, Cadbury Schweppes, Unilever, Kraft Foods,
Expedia, T-Mobile USA, and Direct TV.
Database Marketing, Data Capture and
Brandstand
Database marketing is a form of direct marketing using databases
of customers or potential customers to generate personalized communications
in order to promote a product or service for marketing purposes.
The method of communication can be any addressable medium, as
in direct marketing.
The distinction between direct and database marketing stems primarily
from the attention paid to the analysis of data. Database marketing
emphasizes the use of statistical techniques to develop models
of customer behavior, which are then used to select customers
for communications. As a consequence, database marketers also
tend to be heavy users of data warehouses, because having a greater
amount of data about customers increases the likelihood that a
more accurate model can be built.
The "database" is usually name, email and postal address,
and transaction history details from internal sales or delivery
systems, or a bought-in compiled "list" from another
organization, which has captured that information from its customers.
Typical sources of compiled lists are charity donation forms,
application forms for any free product or contest, product warranty
cards, subscription forms, and credit application forms.
The communications generated by database marketing may be described
as junk mail or spam, if it is unwanted by the addressee. Direct
and database marketing organizations, on the other hand, argue
that a targeted letter or e-mail to a customer, who wants to be
contacted about offerings that may interest the customer, benefits
both the customer and the marketer.
American Brandstand has developed and patented their unique concept
to achieve unprecedented results in the Experiential & Database
Marketing methodology of advertising.
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