As brands invent, re-invent, and create new avatars, it is imperative to form lasting consumer-brand relationships. Here are a few approaches marketers should look into to forge that bond
Temperatures are scorching, and the heat is on, be it the summer heat at 40+ degrees, the recently concluded Lok Sabha Elections or the upcoming ICC Men's T20 World Cup final. Interestingly, in all three related/unrelated 'hot' events, marketing strategies and campaigns revolve around the adage that people choose brands—be it animate (politicians to cricketers to celebrities) or inanimate (from IPL teams to colas, to mutual funds to MBA schools)—and not products. However, as John Tantillo posited in his book People Buy Brands Not Companies, "People will rarely tell you what they don't like about your brand, so you have to listen carefully to what they are saying and are not saying."
Thus, as brands invent, re-invent, and create new avatars, it is imperative to form lasting consumer-brand relationships. So, let's examine the possibilities.
Mindful Messiahs: Brands in this group are like saviours (Li et al., 2024), offering functional and emotional support to their users. Thus, brands like FedEx, Mastercard, Fevicol, Microsoft, and Asian Paints are the 'solution providers' who portray themselves as no-frills troubleshooters. This cohort's second set of brands are the 'honest' brands and usually stand for a noble cause like the global brands, e.g., Patagonia, Toms, Starbucks, and Body Shop. Then there are our desi brands like Tata Tea, which stands for building awareness on corruption, voting rights, climate change, and so on. Even young startups like Plated Project craft the essence of Annapurna (Goddess of food and nourishment) into their brand narrative as they feed the hungry when you buy a 'Plate.' The list of the Messiahs expands as they focus on 'being good and doing good'.    Â
Mesmerising Machiavellians: On the other side of the continuum are the Brands, much like the mysterious Delilah's, that revel in being Moriarty and Cruella Devil as they fuel FOMO, hedonism and materialistic happiness that is linked to ownership of the brand's offering. For luxury brands, be it Serpenti (Bulgari), Panthere (Cartier), or Sweet Alhambra (Van Cleef), it is at the core of their crux of rarity and exclusivity. And natural to the indulgence categories like the tongue-in-cheek liquor brands that proclaim 'men will be men' (Seagram) and chocolates like Silk by Cadbury. There are also Machiavellis who mentor you to shop-till-you-drop and fuel avarice. The case in point is FWD (Fashion Forward) by Myntra and their #SpotItGetIt campaign. Focussed on Gen Z, the brand recommends instant gratification, as the Ma(y)ntra (pun intended). Myntra users can take a picture of any outfit/look/accessory they like and explore and purchase any ensemble they want based on that. YOLO!
[This article was published with permission from <a href="https://www.imi.edu/" target="_blank">International Management Institute.</a>]