Are you starting with the experience and working back to the product?
The following quotes are from Richard Florida’s analysis of the current worldwide economic situation – The Great Reset. This is a fantastic book that dovetails with a lot of the things I’ve been seeing on the Web, in markets, and in other books (like Seth Godin books, Michael Lewis’ The Big Short, Daniel Suarez’ Daemon and Freedom, and others).
“People will always define themselves through their consumption habits. There will always and inevitably be some element of competitiveness in our consumption that will never die, even if the rules change. .
“If, before, people trumpeted their financial success through their purchases, there’s no reason to think they won’t continue to show off what righteous and evolved new “citizen-consumers” they’ve become..
“As long as people have been trading money or goods and services, they’ve been demonstrating their unfailing ability to fall for a clever marketing pitch, and marketers know a good thing when they see it. .
“Witness The Gap’s ‘Buy Red, Save Lives’ campaign or a company like Endangered Species Chocolate, which are still designed to get people to buy things they almost certainly don’t need but that now play to their newfound identity as responsible citizens of the planet..
“We might not like to admit this about ourselves, but it isn’t so much material goods themselves that drive our consumption as the perceived status we assign to them. Largely, our material possessions and our perceived status are one and the same thing, but only up to a point.”
“A decade ago, John Seabrook identified a shift away from older forms of conspicuous consumption to new and subtler status distinctions…
“Green products have become the ultimate status goods. People buying hybrid cars are more driven by the status they confer than the fuel savings and energy efficiency they provide. Toyota Prius owners pay a significant premium over many conventional fuel-efficient cars. .
“When asked about the top motivating factors behind their purchase, the comment “makes a statement about me” was at the top of the list, while “higher fuel economy” came in third and “lower emissions” fifth, according to a July 2007 survey reported in the New York Times. (That’s probably something we should have intuited. After all, the carmakers figured out long ago that the rush to buy SUVs had less to do with safety or carrying capacity or durability than with buyers’ perception that driving an SUV conveyed an image of youth, ruggedness, and adventure.)”
Ok – I just laid a lot of quotes on you. Here are my thoughts.
Following this same line of thinking, the new consumer is more interested in buying experiences rather than purchasing products. This is in keeping with the consumption lifestyle trend. You are what you do more than what you are what you have.
So, what does this mean for marketers?
For one thing, that means you have to pay close attention to emotional drivers – which you should have been doing in the first place.
Either way the emotion drives the purchase. If you buy a fancy car, you’re expressing an emotional need.
But if you go deeper into this, you need to find the motivations and pair those with the experiences. I think this new trend toward experience as marketing or the consumer being more interested in experiences is important because really that’s all that was happening earlier, as well.
A product was purchased because of the experience it generated. It didn’t matter that it was a physical object or nonphysical object. A massage can produce a feeling. A cookie can produce a feeling. A toy can produce a feeling.
So you have to work back from the feeling of the customer to the reality of the product. Does the product satisfy the emotional driver? Does the products solve the pain the issue, the itch, the disturbance?
It’s also useful to pay attention to the general trend where marketers pair altruistic or idealistic/emotional causes with physical products or physical experiences or events.
What are you doing to ensure that your marketing messages are working back from the emotion to the product? Do you have processes in place to ensure that your clients or customers are thinking about these kinds of drivers? . . whether they’re experiential drivers, lifestyle positioning, or product add-ons for specific causes, charities, or events.
Please comment below. I would love to hear from you.


