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Try
it. You’ll buy it.
By Karen Hansen
We are constantly surrounded
by people trying to sell us something. People in the grocery stores with samples
of this and that. Ladies at the cosmetic counters offering makeovers. Very sophisticated
advertisements on television. Radio endorsements by your favorite morning team
who have used the product first hand. Are we so skeptical that we must try it
before we buy it?
Maybe so.
Experiential marketing may
be the way to influence the mind of the buyer – young and old. So what is
experiential marketing? Let’s call it a buzzword for live events, getting
face-to-face with the buyer. Product sampling, tradeshows, test-drives and facility
tours are just a few examples. Live, face-to-face events are proving to be more
influential in driving quick sales than direct mail and even television –
and by a good margin. According to a 2003 study by SRI, 43 percent of buyers are
likely to make a purchase after participating in an experiential marketing experience
as compared to 20 percent who have just viewed a television spot.
Experiential marketing offers
the “try it” approach and has been successful with higher priced items
such as cars and computers. Is experiential marketing the new purchase incentive?
Is it just too hard to tell someone “no” when you are engaged one-on-one?
Experiential marketing is about creating an “experience” or the emotional
satisfaction the buyer has when making the purchase. How do you create the “experience”
in your business-to-business advertising campaign? What does it take to get the
buyer to take action? It starts with really getting to know your customers and
what makes them want to buy. How do they feel when they make the purchase? It’s
not an easy thing to do, but it is a necessity. By knowing your buyer, you can
create a path to lead the buyer through a successful buying experience.
Here is one example. A company
has identified its core customers and discovers they are early adopters of new
technology products. The customers’ biggest concern is making the latest
technology integrate with their existing system with no downtime. They spend long
hours in the office behind the desk working with tight budgets and answering to
upper management. They spend three hours a week reading trade publications to
learn how their peers have solved their networking issues. They only get out of
the office for business to attend two tradeshows per year, which is the only time
they really have to interact with their peers and solutions providers. Their biggest
fear is getting fired for their network going down.
This scenario offers several
opportunities to engage the buyer in experiential marketing. The main objective
is to get the buyers to try the product. Once the buyers have the opportunity
to experience the product in a real-world environment, they will feel empowered
and confident in their purchase decision. In this case, a great way to create
a live, face-to-face buying experience is to draw the prospects to a tradeshow
booth at the two tradeshows they attend.
Savvy messaging in trade
advertising strategically placed in key publications can begin laying the foundation
and can create excitement about the product. In addition, direct mail may be sent
to a list of trade show attendees to reinforce the product benefits as well as
invite them to visit the booth and give the product a try. Purchase incentives,
attractive to the buyer, may also be used to further enhance the buying experience.
The key is that all advertising messaging and delivery must address the buyers
and show them you understand their problems and offer the best solution to meet
their needs.
The buyer has arrived at
the show and is intrigued by the product solutions available. The foundation has
been laid; the idea of job security may be just steps away. Now, it’s showtime.
You must select a good location for your booth and offer an interesting twist
to draw in the customer. Once you get them engaged, the typical buyer will spend
about 14 minutes participating in the event. And that’s far longer and more
interactive than the 30 seconds you get with a television spot.
It all sounds easy enough,
right? It takes a lot to understand your audience well enough to pull it off and
to see an impact on the bottom line. No matter what or to whom you are selling,
it’s important to consider what makes them want to buy. You need to research
and analyze the target, the benefits of the products and how you relate to the
buyers’ needs and emotions. Experiential marketing will never take the place
of traditional advertising or build a brand by itself, but it will enhance the
advertising program and the buyers’ experience.
E-mail the
author: Karen Hansen
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