E116: Unlocking Your Brand’s Value by Selling Status and Identity
Manage episode 463692225 series 3561497
In this episode, Roger explores the powerful roles of status and identity in marketing, emphasizing how aligning products or services with a customer’s aspirational identity or desired status can drive business growth and engagement. He introduces the 'triad of buying categories'—relationships, health, and finances—which highlight the core areas where consumers seek solutions to pain or opportunities for growth. By identifying your business within these categories, Roger explains, you can refine your messaging and better connect with your target audience.
Roger also contrasts traditional marketing methods—focused on features, advantages, and benefits—with modern approaches that prioritize status and identity. Using real-world examples like Nike and Tom’s Shoes, he demonstrates how appealing to a consumer’s desire for status or reshaping their self-identity, particularly in industries like health and fitness, can lead to increased sales and loyalty. The episode concludes with actionable advice for leveraging these concepts to position your business effectively, urging listeners to help customers achieve their desired status or aspirational self-image.
Topics Include:
Defining Status vs. Identity
The Triad of Buying Categories
The Evolutionary Basis of Status
Marketing with Status
Marketing with Identity
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Produced By: Social Chameleon
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