Marketing is an old profession. It’s been around for hundreds of years in one form or another. But with the advent of digital in the early 80’s, companies began taking a serious look at their marketing strategies.
Many organisations realised that it was time for a major overhaul of their primarily outbound strategies. Consumers no longer appreciated being interrupted in their daily lives, if they ever did! Marketing had to find ways to stimulate more inbound engagements, but how?
However, after trying multiple inbound marketing strategies, they find that they are still irritating their customers with spammy emails, intrusive pop-ups and over-complicated cookies, that gather far more information than most organisations will ever need or use. At least those will soon be a thing of the past!
Despite these changes, CMOs remain one of the leading c-suite members who struggle to keep their jobs for more than four or five years. The reasons are many, but the post “Head of Marketing, How Can You Keep Your Job When Most CMOs Are Losing Theirs?” explains what you can do to ensure that you leave your position when you want to and not on your CEO’s terms.
Many large CPG companies, such as P&G, Coca-Cola and Nestle, have changed the name of their Marketing departments in the past twenty years, to Brand Building. They hoped that it would revive sales and give new vitality to their communications to better engage their customers in the new social world. But most failed miserably, because they remained very much in a state of business as usual. They continued with the same processes and mind-sets. And with few exceptions, they prioritised thoughts about themselves and their brands, and rarely took their customers’ perspective.
A more recent change is bringing more marketing tasks in-house, as P&G has done. Read more here. While this certainly saves a considerable part of their budget, the biggest advantage from my perspective, is that these companies automatically learn more about their customers’ behaviour. When you are planning communication campaigns and deciding on ad spend, you need to understand where your customers are and when they are most open to receiving your messages. That for me is far more valuable than any savings on agency costs. What do you think?
Even without making such a drastic move, many other consumer goods companies have realised that to satisfy the consumer they had to do things differently. They were the ones that moved to customer centricity. Or to be exact they started on their journey towards putting the customer at the heart of their businesses. Customer centricity is not a destination, because consumers are constantly changing and their satisfaction never lasts for long. It is a journey where you are accompanying your customers with the aim to satisfy and delight them, however they change.Customer centricity is not a destination, because consumers are constantly changing and their satisfaction never lasts for long. It is a journey with the aim to satisfy and delight. #CEX #CRM #CustomerCentricity Click To Tweet
One of the issues that has been created by marketing is that I believe we have taught our customers far too well! They understand a lot more about “marketing” than they used to. They understand that companies have marketing plans, all too often repeated with few changes from one year to the next. As a result they have regular promotions, so our customers understand this and just wait for the next price offs before buying, whenever they can.
Our customers also realise that advertising highlights changes that in reality don’t exist between brands other than in terms of image. In today’s world, products and services have become more and more similar from one company to another. Their format, colour or perfume may differ, but there are strong similarities in their performance and benefits.
That’s why consumers now often have a portfolio of brands from which they choose in many categories. They are far less likely to be loyal to only one brand than they used to be. Just take a look at these statistics from the US.
What this research also highlights is a change in shopping behaviour, far more complex than just moving purchases online. Customers are open to changing and have become far more comfortable with adapting to new ideas.
They now expect constant innovation which becomes difficult to satisfy, since they quickly adjust to the once novel idea and start searching for the next big improvement. According to Accenture’s “ Customer 2020: Are You Future-Ready or Reliving the Past?” almost a half of consumers believe that they are more likely to switch brands today compared to just ten years ago!
These are your seven starter tasks for moving from marketing and brand building, to a more customer centric approach to customer satisfaction and delight. Every single one of them has your customer at the heart of them. Are they any others that you’d like to add? I know you can come up with many more ideas than I can on my own, so please share them below in the comments and let your knowledge shine!
If you’d like more suggestions about moving to a new-age, customer-first marketing approach, please check out my book “Winning Customer Centricity“. You’ll see it’s like no other business book you have ever seen! Then you will understand why numerous major CPG / FMCG companies follow its roadmap annually. It’s fun, inspiring and a useful way to track your customer centric journey.
And as I said earlier, if you’re interested in up-skilling your team, then we can provide fun course on many areas of customer centricity, both online and offline. Download our training brochure now and contact us so we can discuss your precise needs. All our trainings are personalised to meet your specific requirements; no off-the-shelf trainings are ever given.