Listen up, consumers! If you have not already
realized it, we are in a new age of marketing. And if this new age could be
summed up by four words, it would be: “You’ve got the power!”
Roy Wollen spoke to us this week about how
marketers must use inbound marketing to (1) create trust (2) capture
information (3) deepen financial relationships and (4) create an emotional
connection between the customer with the product and brand. The consistent theme
throughout Wollen’s lecture and the idea of successfully using inbound
marketing is that the power is ultimately in the hands of the consumer.
We must therefore give consumers a customized
experience and a reason for those consumers to pass the message of the product
onto their social network. In order to do this, I argue that marketers should
use their product to help consumers build a story about how and why that product adds value to the
consumers’ lives. Stories are how we pass ideas and messages onto our friends
and stories are memorable. Thus, inbound marketing campaigns can be strengthen through
stories perpetuated by consumers.
A great example of the paradigm shift Wollen
spoke about and the power of storytelling is a marketing campaign held by Questus,
a 50-person agency that specializes in digital media. Jeff Rosenblum, co-founder of
Questus, created the company with a desire to end the trend of companies using
advertising to cover up the inadequacies of their products. Rosenblum
argues that the internet has given consumers a voice where they can “now
sink a brand with a blitz of online complaints.” His advice to big
brands is, “Instead of pumping millions of dollars into advertising, why not
invest that money into actually fixing your company? Don’t just say you’re
great—actually try to be great. Once you’ve done that, you can use social media
to spread the word.”
Rosenblum cites Questus’s recent marketing
campaign for the Suzuki
Hayabusa superbike as proof that this new marketing approach reaps in the
money. The Hayabusa is a super-fast motorcycle that costs around 14 grand.
Using social media “listening
tools,” Questus learned that the Hayabusa was very popular among two ethnic
groups, Latinos and African-Americans. Through Questus’s social media research,
it was also discovered that Hayabusa owners felt powerful emotional connections
to their bikes. According to Rosenblum, “The thing is that you can’t change
people’s behavior with social media, but you can use social media to understand
their behavior and to accelerate it.”
Questus
therefore launched Busa
Beats, a website that allowed visitors to create their own rap music over custom-made beats. Questus then created a competition where people
could vote for their favorite rap song and the winner received a customized
Hayabusa. Not only did Questus use social media to spread the word of the
Hayabusa, but dedicated consumers propelled the marketing campaign forward by
essentially telling their story of how their Hayabusas were a part of their
lives. And through each story, each consumer can relate to each other and
further spread the word of the product.
And
this is the new marketing communications technique that I foresee may take over
in the years to come. Instead
of using marketing money to buy ineffective ads on television or websites,
companies will start to find ways to highlight and propel the word-of-mouth
advertising that dedicated consumers are already doing for free. Who had the
power in the Hayabusa campaign? Suzuki? No. Consumers? Yes!
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