We live in uncertain times. Gone are the days when features would rule the consumers psyche and differentiate your product and offerings from others. Gone are the days of production craze and industrial revolution. Today almost all products look, feel and perform in almost equivalent terms- same specs, same output, same functions and same cosmetic feel and touch. So how do customers decide on what to buy? – Its easy. They go for that product that helps them decide WHY they should buy that product. Band Wars are no longer being fought on the customer – its being found IN THE CUSTOMERS’ MINDS, in their consciousness and on their social profiles. The best products judged today are those products that help the customers identify with themselves- Branding is no longer a mass affiliation – it’s an individual progeny of thought and social identity. Nowadays any brand that has the best following is also the one which has a story that their loyal consumers align with. Nowadays the WHY we buy is perhaps more important than WHAT we buy and HOW we buy it. So, ready to learn how to sell with stories?
To tell your STORY is as important to the success of your product as creating an exemplary product itself. An iPhone is exclusive also partly to the ideology of exclusivity that Steve Jobs Created around it. Mentioned below are some pointers that may help you craft a story that carves a unique identity of yourself that sticks in the mind of your customers.
Often while talking to friends, customers, potential clients and probable investors, we pour our heart and resources to talk about a product and service in terms of its features, scalability and potential. However, we never ever give it much a thought to express or even define WHY are we offering such a product and WHY is it worth investing as a thought? Most importantly WHY are you in it and WHY should people buy your product? Does it help someone become more efficient, more effective or simply more aware of their potentials? The HOW and WHAT answers the reason for your product to exist and it is extrinsic– the WHY simply answers to the reason of purchase on behalf of the customer, satisfies a deep inner need and address that which is intrinsic.
Customers want a face that can be trusted even if the services aren’t always positive- products may succeed or fail, but a relationship sustains for a longer period of time .If your customers can identify themselves with you , there are fewer instances of them moving away. Remember there are other fishes in the ocean and then there was the Kraken and Moby Dick and there was a Captain AHAB as well.
Instead of fighting over price and features, create an ecosystem of compliance, belongingness and values. HARLEY DAVIDSON Motorcycles haven’t changed its basic technology in the past 50 years and yet the thump makes people identify themselves as THUMPERS. In terms of technology it’s basically a motorcycle- but in the eyes of its customers and fans, the Harley Thump is a lifestyle – a way of Life. You should be a story people identify with and cherish.
The way you interact and treat your customers is what they will remember. The difference between all Chinese restaurants in India is largely about not how tasty the food is, but how well the stewards and waiters treat you and your food preferences. It’s the experience that counts more than the product itself – which is often homogeneous in offering across geographies.
It should be about your client, his fiancée and his wife. They are the leading pairs in this quadrangle.
Steve jobs revolutionized the world of touch screen and touch interface with iPhone and also the way people interact and utilise lifestyle technology. However we need to remember that touch screens existed in the late 1980’s- early 1990’s era with PDA’s with stylus. However it took the ingenuity of Steve Jobs to change it from a non ergonomic luxury to a standard social interactive technology which revolutionized the way people use and view and utilize their telephony devices.
It provides reference points for personal connection. When real stories are used to exemplify connection and customer satisfaction and recommendation, adverts become testimonials of goodwill. Always know that money can buy affiliation and preferences but never goodwill and loyalty. In fact no money can buy goodwill and goodwill is nothing but story of your offerings retold by satisfied and loyal customers multiple times and results in multiple points of purchase and interaction.
Your story should also be first internalised and brought-in by your own employees. They need to believe in it, breathe it and live it .Make people who face your customers, your FIRST CUSTOMER. Sell your story to them and ensure they remain sold on your idea/story. Your employees, contractors and vendors need to believe in the power, potential and ethics of your story and product. A story becomes stronger and powerful with ownership. Make your employees a part of your story and offering. Make it personal for them to narrate. Allow them to contribute to the same. Transfer ownership of storytelling to them – make them believe in your vision. If you don’t, then no matter how strong or potential your mission, vision and offering is, it will never get off the first stage of its product life cycle and get transferred to your customers.
It is good to always remember that purchasers nowadays have the same choices that you and your competitor offers. What will eventually decide which side they tip over is how well are you able to convince them of a culture that coincides with their need and value systems. An APPLE loyalist never looked for a music player or a computer or a phone alone. They looked for a synergy of Identity and classiness of Experience, and while Steve Jobs gave them both, Jonathan Ive gave them the cleanliness of Design that was by far the design of this century. So what’s your story?
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Definitely a brilliant point to capture THE WHY FACTOR. Many people I know buy on impulse..If their WHY FACTOR is strong they are definitely going to try the new product, but of course it is up to the product to maintain its quality else it will definitely be a one time buy. The point of employees trusting the product well enough to buy themselves is a strong point if your employees trust the product the people involved in that circle is definitely going to get a good feedback on that and hence the further sales..Overall a good analysis. Cheers!!!!
what is truer than truth? a story - the author has captured the need and importance of story very well!