The traditional approach of marketing has revolved
around furnishing customers with content or advertisements that highlight the
benefits of a particular product or service. However, in today's B2B digitalmarketing space, customers have become immune and insensitive to such product
or company-oriented tactics. As customers are increasingly demanding and
expecting a personalized experience from brands, marketers are turning towards
experiential marketing.
What is meant by experiential marketing?
The idea behind experiential marketing is to
completely engage and immerse your customers in your brand. Rather than
advocating your solution, the focus remains on your customers’ experience with
the brand.
The ultimate goal of experiential marketing is
forge an emotional connection that will promote customer loyalty and customer
lifetime value (CLV). It is alternatively known as ‘engagement marketing’,
‘event marketing’, or ‘live marketing’.
How can experiential marketing benefit B2B
marketing companies?
Customers interact with brands though emails,
company website and social media. However, these exchanges seem impersonal.
Through experiential marketing, customers can experience authentic and
one-on-one interactions with your brand. Such positive experiences make you
stand out in their eyes and induce them to return to your brand.
Most importantly, this approach influences
word-of-mouth sharing. People trust peer reviews more than any printed or
digital advertisements. Thus, a providing a strong customer experience can
greatly boost your inbound marketing efforts.
How to include experiential marketing in your B2B
marketing strategy
Before anything else, it is imperative that you
know your audience, their pain points and their expectations. Once you do this,
you can gain greater insights into the kind of experience you need to provide,
that will resonate the most with your audience.
Some ideas for offering a great experience to your
target audience are -
• Directly
interact with decision makers and influencers through trade shows, VIP events
or conferences
• Leverage
technologies like AR and VR to give immersive product demos to potential
customers
• Take your
clients on an outdoor excursion to build a long-lasting business relationship
and inspire customer loyalty
Keep in mind that experiential marketing is not a
one-off process with an event or a publicity show, but a continuous process
that narrates the brand’s story encourages active participation from the
customers.
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