A look at the discipline of experiential marketing and why, in the modern business setting it is becoming a significant consideration for all marketing managers.
Increasingly
customers and the consumer public more widely are changing the way that they
shop. Not purely are shopping habits changing, with a greater emphasis on
online rather than the high street but consumers are changing the way in which
they research products, talk to and trust brands and companies.
The
result of this changing behaviour is that brands must now work significantly harder
to earn consumer trust and instil purchasing behaviour. In the past this was traditionally
achieved through television advertising and print media although today online and
experiential marketing are playing an equally important role. Whilst the online
domain has been widely explored however, experiential marketing is becoming an
increasingly large consideration for all marketing managers.
The
reason experiential marketing has come to the fore is because such marketing activities
allow consumers to touch, feel and experience a brand and its products. This ‘experience’
provides valuable interaction, and because a brand is investing their time into
a single customer the sense of being offered something for nothing, and a more
personal, entertaining and worthwhile experience. Ultimately this perceived
value is delivered through the experience, with the potential outcome of a long
lasting brand/customer relationship.
To be
successful however an experiential marketing campaign must be effectively planned,
using key foundations and principles. First of these founding principles is
that effectiveness of a campaign relies upon targeting the right consumers
through holding your events in the right places, at the right time and with the
right people.
Equally
however, targeting must be backed up with a good idea and an experience that delivers
value to consumers. Finally, no experiential marketing campaign can be
considered successful or effective unless it is built upon foundations of
accurate measurement, using metrics and key performance indicators that are
relevant and worthwhile.
Experiential
should no longer be thought about as an add-on to your wider marketing campaigns
as simply an afterthought. The value that experiences can deliver, not purely
immediately but over time makes them highly worthwhile if used effectively. Subsequently,
experiential should be a consideration from the outset, an element within a
wider, integrated marketing campaign that combines online activities, traditional
advertising and of experiential.
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