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Marketing of Experience
Posted By Ceci On 2 September, 2010 @ 10:59 am In Edition 34,Marketing | 6 Comments
“”The issue is to sell an experience and not a mere product”".
Gian Luigi Buitoni, former president of Ferrari North America and creator of the Dreamketing concept.
A long time ago I found in books, fora and congresses the “marketing of experience” concept and ever since it became a familiar term for me. As a result of that I started to analyze cases and situations where the process happens in a real and tangible way, and I have found examples that illustrate this concept.
In the book Conéctese al futuro, (Connect to the future), Lys Marigold and Faith Popcorn mention that one of the current trends of consumers is individualism: “By feeling unconnected in the depersonalized information era, consumers resort to tailor made and personalized products and services”.
Undoubtedly, consumers are beings whose habits and preferences change. Those of us who have been engaged in marketing for several years are obsessed with the following paradigm: “Deliver everything finished so that the customer only has to use it / eat it / and wear it”, namely, the basic objective sought was the maximum comfort for customers / users and to go from standard to personalized services and now with the direct intervention of consumers themselves.
Time goes by and at present we are seeing a change in several paradigms, and the customer becomes an active agent of change – I would even go further – or until he or she plays the main role in purchases, whether by selecting the materials / ingredients / colors and even the integration or assembly of the final product.
Let’s see some current and successful examples:
IKEA
BUILD A BEAR
THE “ENCHILADAS” HOUSE
With these three examples (two international and a national one) we prove the customers’ trend to actively participate in the preparation / assembly / setting of their products and services, playing this central role to create a personalized product. To compete with a different value approach the companies I mentioned established value variables that were nonexistent in the market.
Besides breaking the paradigm of competing only through prices, because these three companies cannot be compared (products / services) break the value perception generated:
These are all unique experiences.
In conclusion, we all have before us the challenge to involve our customers in a process, and this is an interaction that will create a unique experience and a personalized product, and through it we can compete with added value and not only with price. And in closing, I quote a paragraph from the book La estrategia del océano azul (The blue ocean strategy), which undoubtedly synthesizes everything I mentioned above:
“Innovation in value is the cornerstone of the blue ocean strategy. We have given it this name because instead of whirling round victory over competition, the objective is to not be important because of the qualitative leap in value both for the buyers and also for the company, and by the way opening a new and unknown space in the market”.?
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