Sunday, February 10, 2013

When a brand is more than the product it's selling


In today’s retail world, we have hundreds of thousands choices than ever before. As the E-Age comes to everyone, people make decisions via various channels: search engines, blogs, customer reviews, WOM and etc. Even in the same category with a comparative quality, there are tons of brands available in the market. In this stiff competition, how to stand out and appeal to the prospects is a big issue for a brand. What’s more important is how to make a connection with customers and develop a CRM in the long run?

The book Believe me just points out the answer: a well-developed storytelling is the key to win the customers. As the book says,

            “Brands have become personal totems and value expressions for our lives—defining who we are, or who we aspire to be.”

Here I would like to share my own experiences illustrate how Starbucks developed their Empire as the most well known coffee brand in the world. I’m not a coffee drinker and prefer to drink hot water, but in U.S. this basic requirement seems much more difficult. The iced-drinking culture makes me embarrassed to get hot water, but Starbucks opened the gate for me, I’ll never have to worry about the scornful eyes by the baristas while at the same time it makes me feel very grateful about Starbucks that I feel sorry to just take free hot water away, therefore, for most times I take a piece of snacks.

Starbucks achieved extraordinary success in China. Even it is the world’s largest and oldest tea-drinking culture country, many are willing to go to Starbucks, sitting with snacks or fruit juice, chatting with friends or surfing the Internet with free wifi (few public places have it). People would like to pay for the premium non-coffee products in this global coffee chains. 

Apparently Starbucks just meets the demands of Chinese customers: Good taste and cozy environment.  People going to Starbucks is to get the "experience" not just the coffee. 





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