Ad Agencies Need to Obsess About Loyalty

The company, Access Development, tracked and recorded, and recently shared every publicly available piece of data available concerning customer engagement and loyalty. They call it the Ultimate Collection of Loyalty Statistics. These data points, insights and themes are interesting unto themselves but add up to one big fat fact they did not note…any marketing business is in the business of loyalty.

I mean advertising agencies, marketing consultancies, public relations firms, market research bureaus, digital agencies, performance marketing shops, telemarketers, brand consultancies, social media marketers, media buying services, promotional material providers, influencer and celebrity marketing 200464106-001advisors…well, you get the idea. Any agency, firm or service that is in the business of marketing exists for one purpose. Of course, this includes those prescient to be specifically in the business of loyalty marketing.

The past, present and future of marketing has and will always hinge on loyalty. No company wants a one-time customer. Even businesses selling bomb shelters in the 1950’s wanted a client’s second home or to upgrade the first. Apple wants to sell customers a new cellphone every time there is a new release or every 22 months which is the smartphone adoption average.

Agencies and consultancies continue to talk about brand positioning, awareness, consideration and trial. Important stuff for sure but only the start. All efforts and spend should have loyalty as the end goal. Anything else is a dodge, a feint, a run from the real focus and fight.

Not one single advertising agency, brand consultancy, PR firm, media buyer is really talking about loyalty.

I see not one single advertising agency, brand consultancy, PR firm, media buyer talking about loyalty. This leads to churn, inefficiency, ineffectiveness and the regurgitation of the same ideas whose only result is a client’s frustration and dissatisfaction…and poor results.

Why spend money on branding and advertising if not to have repeat customers?

Let me say it again, no company wants a one-time customer. That is why marketing’s purpose is loyalty. You only need to give a cursory examination of Access Development’s aggregation to arrive at the same conclusion. We thank them for the following…and for also proving loyalty programs are a tactic not a strategy.

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What’s Happening in Brand Storytelling?

Storytelling has its sceptics and detractors in the business world. I fear the word and practice is both being overused and misapplied much like “business design” and “branding”. The only way to conclude its effectiveness is to give it a try. That starts with understanding by reading the latest thinking on the subject.

Moving From Fiction to Non-Fiction
Many brand and product stories “are just pretty commercials made to wear beat up sweatpants to try to boost authenticity and believability”. Jay Baer recently admonished such efforts saying, “Storytelling has to shift from an emphasis on the story to an emphasis on the truth.” He goes as far to suggest that this “will be the big content and social story in 2017.”

The Resurgence Of Storytelling
Devishobha Ramanan writing in The Huffington Post suggests that oral storytelling is needed in company leadership. Her introduction is an eloquent example of storytelling, “Stories are powerful. imageThey can teach us to be moral or immoral. They can help us cut through a situation analytically. They make us cry for someone else we didn’t know. They make us happy for someone we only wished we had met.” She calls for business leaders to draw on ancient practices. India’s Harikatha is an oral storytelling tradition with a primary storyteller and two other storytellers in support. China’s Shuosh and Japan’s Rakugo are other examples whose use can motivate and educate audiences.

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The Real Reason Clients Hire You

I have spent my career in professional services. From Price Waterhouse to Interbrand to DDB to now running my own agency. Over that time I have become an expert in branding and marketing professional services. At least that is what peers and clients say. To make that claim myself is analogous to me telling you that “I’m cool” or “I’m funny” or “I’m smart”. The credibility is in others saying it. Having others speak well of you is the goal of branding.

This specialty allows me to work with law firms, management and marketing consultancies, advertising and digital agencies, and accounting firms. An engagement with an investment management firm led to an insight about how and why clients truly decide on one professional over another.

screen-shot-2016-09-20-at-8-58-40-pmFor a long period we assumed that clients first and foremost chose expertise. This assumption led ad agencies to talk about themselves way too much, law firms to numb clients with superior high-minded jargon, and management consultancies to dazzle with mysterious black boxes of proprietary processes. To their credit many professionals identified this as a problem but mistakenly identified the solution. They chose to switch emphasis and focus on the prospective client’s situation.

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