The ongoing COVID-19 pandemic has changed everything, and continues to affect our everyday lives.
One result is a significant global decrease in trust in institutions like governments and media. This has led people to have higher expectations for businesses to step up and fill the gaps.
In fact, a majority of people across all generations agree that, “companies and brands are an essential part of the solution for the challenges facing humanity today”.
As brands consider how their messaging reaches audiences, they must consider how to continuously adapt, and even step away from their pre-pandemic assumptions.
YouTube creator Microsoft Sam compiled TV ads that aired in spring 2020 called, “Every COVID-19 Commercial is Exactly the Same.”
Notice the many things in common between these ads from 60+ companies:
Viewers noticed these eerily similar commercials, and felt like companies were just hopping on a trend.
This is one observation about a point in time at the beginning of the pandemic, but consumers’ responses reflect larger, ongoing attitudes that began years before 2020 and continue now.
Advertising used to focus more on pushing consumers to try to attain the unattainable: the perfect outfit, the perfect car, and more, in an effort to live the perfect life.
💡 However, over the past few years, consumers have been overwhelmingly seeking authenticity from brands. They want to trust brands to make bold promises, and follow through on them.
Most of Gen Z (93%) agree that they would be motivated and loyal customers and employees to environmentally and socially responsible companies. They understand that their purchasing power is one way they can make an impact for social change.
This isn’t a passing trend, but a growing sentiment. Even seven years ago, most of Millennials (81%) surveyed globally expected their favorite companies to make public declarations of their commitments to social and environmental causes (and of course, actions backing that up). This outlook is a big deal, as now more than half of the U.S. population includes Millennials, Gen Z, or the younger generation.
Businesswoman and musician Rihanna launched the Fenty Beauty makeup brand and Savage X Fenty lingerie brand “so that people everywhere would be included,” and celebrate “fearlessness, confidence, and inclusivity.”
Both brands honor these intentions and commitment to customers:
💡 The more people who can enjoy a product and see themselves using it, the more people will become customers.
A shared commitment to a social cause (in Fenty’s case, diversity and inclusion in the makeup and apparel industries) — only strengthens the brand-consumer relationship.
Authenticity is how brands connect their promises to consumers with their behaviors. Companies can’t blast out a message and hope it resonates with the audience.
Consumers view the relationship between company and customer as a two-way conversation. They want to build relationships and buy from companies that understand their problems, and care to offer solutions.
Activewear brand Girlfriend Collective, strives to be as eco-friendly and inclusive as possible and makes clothing from recycled materials like plastic bottles. Not only does the business feature models across race, gender, body types, and age on their website and social media, but its Instagram also shares pictures of their customers wearing their products.
Also, Girlfriend Collective values customer feedback to not only improve their experience but also the brand’s environmental impact. For example, they shared their 2022 resolutions based on consumer input, like greater transparency around new releases and product innovations for sourcing materials.
People under 30 are interested in “sharing ideas and experiences with companies to help them develop better solutions to social and environmental problems”.
This highlights an enormous opportunity for purpose-driven brands to build more trust, loyalty, and market share — especially with younger generations — while helping solve environmental and social challenges.
💡 For a brand to be authentic, it has to have a purpose that guides it.
Purpose isn’t defined simply as picking social, political, or environmental causes that the company publishes social media posts about or distributes money to. Without a purpose, when brands try to speak or act upon pressing issues, consumers view this as an afterthought, or tacky way to ride the coattails of the current trend or hashtag, and may choose to shop elsewhere.
Instead, purpose is the motivation behind the brand’s decisions, and the direction that guides it forward. It’s about the emotional and social values it can bring, rather than simply the solution its product addresses.
This seems grand, but correctly defining and aligning with purpose gives companies a tremendous advantage to:
For example, Patagonia, an outdoor clothing and gear store, has several core values, including “use business to protect nature.”
This purpose doesn’t directly talk about its products, but has led the company to become a reliable and mission-driven brand within the outdoor clothing space, while venturing out to offer:
Also, the brand strives to become more environmentally and socially responsible and pledges a portion of its sales to protecting the natural environment. These different products and services make sense in the consumer’s mind, because they all connect back to Patagonia’s purpose to use its resources to fight the climate crisis. And this is all while remaining consistently profitable.
Trust built upon a clear purpose in one area can translate into another, even if it seems unrelated at first glance — like clothes, food, and drinks.
A purpose-driven brand’s impact doesn’t just serve its customers.
💡 With a deeper sense of meaning, employees are better supported and motivated to rally together to deliver greater social impact, revenue, and market share.
A purpose-driven brand encourages authentic consumer engagement, which then adds to greater customer loyalty and wider appeal. This consumer connection is valuable for brands (and their customers) to succeed.
Start by asking yourself:
💡 When a purpose connects everything across a brand, that leads to greater diversity and perspectives across the company, wiser decision making, superior products and services, and better business outcomes.
The work needed to dig into the brand’s purpose and align with it can seem overwhelming, but the benefits are limitless.
Source: www.seerinteractive.com, originally published on 2022-04-22 12:20:10