Every day, consumers are bombarded with thousands of advertisements, messages, and notifications. As a result, they have become extremely discerning about what they pay attention to and for how long. Brands are now competing fiercely to capture every precious second of people’s mind space. They are tasked with carefully planning marketing campaigns that inspire purchase action based on consumer behaviour and various audience insights. Here are some key factors marketers can leverage to stand out and drive growth in the attention economy:
Relevancy is king
With overflowing newsfeeds and inboxes, consumers only pay attention to information that is most relevant to their interests, needs, and desires. Each business is now deploying strategies to stay relevant to their audience and connect in ways their audience wants to connect. For instance, streaming services like Netflix have created advanced algorithms to deliver extremely personalized content recommendations that keep viewers coming back for more. No matter the industry vertical, every brand must understand their target audience deeply through thorough market research, behavioural data analysis, and precise segmentation. They must focus on creating customer personas/cohorts to assess what motivates and engages users, and leverage this information to create valuable, relatable, and entertaining content that captivates attention. Relevancy also drives higher engagement levels, encourages users to participate in brand experiences and fosters a positive feedback loop.
Authenticity matters
According to a recent study by Nielsen, 88% of consumers trust recommendations from people they know more than any other advertising channel*. At a time when consumers are increasingly skeptical of marketing messages, brands must demonstrate authenticity and transparency rather than simply making their product the hero of every campaign. This includes being open about their offerings and values, while delivering experiences that are less filtered and polished. Brands can garner trust by encouraging customers to engage with honest reviews, content sharing, and open referral processes across social media and other channels.
A prime example of authentic communication is Dove’s “Real Beauty” campaign. Their focus on promoting body positivity by featuring real-world women of all ages and body types won millions of hearts. What’s more, they walked the talk by launching a global initiative to promote self-esteem and body confidence among women, which struck a chord with audiences and ultimately resulted in growth for the brand. This goes to show that authenticity delivers not only short-term business results, but it also builds a solid foundation for consistent brand messaging, values, and experiences.
Convenience drives results
In the attention economy, simplicity and convenience are highly valued. Consumers want to quickly find and sift through the information they need. They have zero tolerance towards any barriers that disrupt a smooth user experience. For example, studies have found that more than 50% mobile users abandon sites that take longer than three seconds to load. What’s more, 66% of customers expect companies to understand their unique needs and expectations**. Clear and concise messaging, convenient accessibility of products/services, flexible policies for returns/cancellations etc. can help brands close more deals. The more convenient and positive an experience you create for consumers, the more likely they are to return to your brand.
Apple has placed a premium on simplicity by creating an ecosystem of products and services that are specially designed to work together seamlessly. Further, their App Store’s curated approach ensures that users can easily find and download high-quality apps that meet their specific needs.
