My Photo

Ordering Information

Subscribe


Blog powered by TypePad

« Advocacy vs. Push | Main | What video for the Fourth Screen? »

June 05, 2005

Living in an experience economy

The nature of advertising has changed from persuasion (which focuses on the functional superiority of a product) to involvement (which highlights the empathy, or associations between, a product and the consumer).

'Friends and relatives' score higher than TV in 10 of the 15 countries surveyed by the Future Foundation.

And thus the potency of word-of-mouth based marketing strategies will become increasingly powerful.

Britain shows that the influence of the 'personalised' authorities is growing. i.e you turn to your friends and colleagues for validation.

Experience culture

Today's world is a world of experience of content, of culture and of content rich brands… a world where knowledge is profit and interconnectivity is power – where enabling and personal empowerment are keys to all B2C transactions.

The implications for business are clear. People will want more 'experiences' and to be able to define themselves by those experiences. They will want advice on how to start to build and then maintain expertise in certain activities.

In todays market, supporting end consumers is not an occasional event, but a necessary condition of being in business

Shoshana Zuboff. The support economy Penguin 2002
Shoshana Zuboff is the Charles Edward Wilson Professor of Business Administration. Harvard Business School

Solutions enabling memorable experiences

'Value added' comes from the quality of experience provided.
An experience is holistic, total, encompassing, transforming….and emotional
A 'service' is a transaction, an experience is an 'event' that leaves an indelible memory

Creating meaning through context

Meaning is treated here not as an attribute of information, but as a crucial part of human experience, a component of belonging, sharing, understanding, perceiving, associating, finding relevance, feeling included, seeing value, engagement, attitude, belief, acceptance, receptiveness, expectation and often attraction and desire.

Context is something that already exists in peoples lives. Combining the brand to the context gives the experience new, deeper meaning.

via: Promiscuous Customers

Throw in the 4C's: Connectivity, Culture, Community, Commerce and this is the brief

Strategic / Business / Creative brief

Expand - The - Experience

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00e0097e337c883300e008c629bf8834

Listed below are links to weblogs that reference Living in an experience economy:

» The Experience Economy from cph127
I found a really interesting post on Communites Dominate Brands about the experience economy. Overall it gives some perspectives on [Read More]

» http://smlxtralarge.com/archives/000184.php from SMLXL
Boosting returns on marketing investment I could not have said it better myself Today's chief marketing officers (CMOs) confront a painful reality: their traditional marketing model is being challenged, and they can foresee a day when it will no... [Read More]

Comments

The comments to this entry are closed.

Available for Consulting

  • Alan Moore
    is a bestselling author and the CEO of SMLXL the Engagement Marketing specialist firm in Cambridge. Its website is www.smlxtralarge.com Book a speaking engagement Call Sandra Nolan or Karen O'Donnell at the Leigh Bureau + 353.1.230.2322 Book an Engagement Marketing Workshop contact alanm (AT) smlxtralarge.com
  • Tomi T Ahonen
    is a five-time bestselling author and consultant on digital convergence and mobile telecoms, based in Hong Kong. Tomi lectures at Oxford University's short courses on high tech and convergence. His company website is www.tomiahonen.com. Book a speaking engagement or workshop around 7th Mass Media or any topics on this blog or relating to his books by writing to tomi (at) tomiahonen (dot) com

Google Search

  • Google

    Communities dominate brands
    The WWW

Tomi's eBooks on Mobile Pearls

  • Pearls Vol 1: Mobile Advertising
    Tomi's first eBook is 171 pages with 50 case studies of real cases of mobile advertising and marketing in 19 countries on four continents. See this link for the only place where you can order the eBook for download

Tomi Ahonen Almanac 2009

  • Tomi Ahonen Almanac 2009
    A comprehensive statistical review of the total mobile industry, in 171 pages, has 70 tables and charts, and fits on your smartphone to carry in your pocket every day.