Monday, November 10, 2014

The Importance of Emotional Branding

Brands are built on the unconscious part of the brain

A couple of years ago the New York Times released an article that made it clear that "over the last fifty years the economic base has shifted from production to consumption. It has gravitated from the sphere of rationality to the realm of desire; from the objective to the subjective; to the realm of psychology."

Simple ideas have turned from being basic concepts to consumer-based concepts. Food is no longer about cooking or chores but about "home and lifestyle design". Airplanes are less about transportation vehicles and more about "travel organizations." We are operating within different sets of values and in order to be relevant brands must understand this changes and compete accordingly.

But what constitutes a great brand concept apt to compete in our new environment? Goods and services alone are not longer enough to attract or retain existing markets or clients. What drives consumers to buy and become loyal to a brand?

In his book Buy-Ology: Truth and Lies About Why We Buy, Martin Lindstrom talks about how we are deeply irrational beings. We make irrational decisions when selecting and purchasing products all the time, most of us are guilty of picking the second magazine instead of the first in a shelf and we can't explain why. He used FMRI methods to test how people react to objects belonging to their own religion and then compared to reactions of objects belonging to beloved brands, amazingly the same areas of the brain are lit on both scenarios, leading us to think that we feel just as strong about religion as we do about some brands.

What are the drivers behind such deep connection? We believe that emotional branding plays a big role. By emotional we  mean how a brand engages consumers on the level of the senses and emotions; how a brand comes to life for people and forges a deeper, lasting connection. This means that understanding people's emotional needs and desires is really, now more than ever, the key to success. Corporations must take definite steps toward building stronger connections and relationships and recognizing their customers as partners. Industry today needs to bring people the products they desire, exactly when they want them, through venues that re both inspiring and intimately responsive to their needs.

Emotional banding provides the means and methodology for connecting products to the consumer in an emotionally profound way. It focuses on the most compelling aspect of the human character: the desire to transcend material satisfaction and experience emotional fulfilment. A brand is uniquely situated to achieve this because it can tap into the aspirational drives that underlie human motivation.

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