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It’s not an earth-shattering insight that consumers are getting smarter and more skeptical of being sold to. But Wolff Olins and Flamingo’s report does offer some reasonable strategies for adjusting to today’s realities. If you’re still spending all your energy on thinking of ways to pitch and package, you’re in trouble. If you’re thinking of your brand as a static thing, set in stone, you’re behind the times.
The challenge for companies today is coming up with a fair exchange for consumers–one that could involve simple, honest utility, like Ikea, or a more altruistic mission, like Tom’s Shoes, or a broader engagement with the marketplace, like Faber and its academy. No matter what it looks like, if consumers think you’re being honest about the offer, they’ll come to you....
How can companies thrive in the era of the fair exchange? Here are the three key consumer behaviors Wolff Olins thinks brands can't ignore.