Wednesday, March 25, 2009

The Relationship Between Brands and Consumers

Today I had the opportunity to attend a short seminar put on by M2 Results. The topic was branding, and I had several great epiphanies. PLUS I won an Ipod. Thanks M2!

During the presentation/conversation, I had the following thought:

Friends are our friends because we are emotionally attached to them. Because they provide a benefit in our lives, and we can trust them. The same is true with the emotional aspects of a brand. Why are Mac-aniacs so forgiving when the new Mac Book Air has poor battery life or when their iphone breaks? Because Apple is their “friend”. Sure, sometimes friends make a mistake, sometimes they let you down, BUT they are your friend. You forgive them. They have invested in you, and you in them.

Customer loyalty is one result of a well built brand. Like a group of close nit friends, Apple customers feel connected to the brand, and they almost immediately accept anything Apple puts out because Apple has demonstrated that their consumers can trust them. On the flipside, however, if you let your friends consumers down too often, they may start to reevaluate your friendship and look for the kid with a bigger trampoline or a boat.

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