The Role of Storytelling in Branding

Brand Narratives: The power of Story telling in Building Strong Brands (Demo)

Brand storytelling is no longer nice to have. It is an ABSOLUTE NEED.

Humanity is becoming the new premium in today\’s fast-paced, highly automated, and digitally-driven culture. The human touch is becoming rarer and rarer and treasured due to the internet\’s constant power to reward us with ease and immediate gratification.

In this environment, businesses can no longer afford to be anonymous. Businesses need to engage customers on a level never before seen, to touch their emotions and pull at their heartstrings.

This is where brand storytelling comes in…

Brand storytelling is the unified narrative that ties together the facts and emotions that your brand elicits. Stories are the best way to engage an audience and tell them why your brand is worth their time, money, and attention.

In this post, you will learn: What is Brand Storytelling? Why it is so important for brands now? How to create a story that works for your company?

Let\’s get started!

 

What Exactly Is Brand Storytelling?

Brand storytelling is a tactic for growing your audience by establishing an emotional connection with them. Your brand narrative is a synthesis of the following:

  • Who you are,
  • What you do,
  • What do you care about, and
  • How you assist others.

It\’s a narrative about your brand\’s existence and why people should connect with you.

 

Why Is Storytelling So Crucial For Brands Now?

\"Why

Because people are more likely to buy from someone they like, trust and feel connected to. If a story resonates with your audience, it can make the difference between them buying from you or not.

According to a study by The New York Times, stories help us understand one another and create connections that lead to empathy.

That means your audience must understand who you are, why they should care about you, and what they may have in common with you. But how can you do it efficiently? By telling your brand\’s narrative in every piece of content you create.

If you\’re on the fence about sharing your brand narrative, here are three reasons why you should.

 

  • Brand narrative distinguishes you.

What distinguishes you? There\’s a reason you\’re different—whether it\’s your product design or service features—and consumers want to know what it is.

You may think it\’s self-indulgent, but the most important aspects of your brand\’s story—how it came to be, grew, learned to perform excellent work, and chose what it stands for—are more engaging to others than you think.

You may easily beat out your rivals if you aggressively highlight the qualities that set you apart in your content.

 

  • Stories transform the imagination into a virtual reality tool.

With the power of the human imagination, who needs virtual reality technology? In the sense that they stimulate brain regions that affect how you perceive what you see or hear and contribute to your ability to form your own opinions, stories operate as brain fuel. Create a narrative that will stay in the minds of your viewers, and their brains will take care of the rest.

 

  • It brings your brand to life.

People desire to talk to other people. Fortunately, your brand is made up of people (ideally). By revealing that portion of your brand\’s narrative, you make it easy for consumers to know who you are and, more crucially, trust you. (The 2019 Edelman Trust Barometer Special Report found that just 34% of individuals trust the brands they consume.)

Too often, companies neglect the power of narrative in favor of focusing on product features, which means they pass up an immense potential to make an impact. Sharing your brand\’s story is the most effective method to bridge the gap, establish transparency, and create more meaningful interactions.

 

Examples of Brand Storytelling

Some businesses have a meaningful narrative inherent in their company and product DNA (e.g., TOMS shoes). In contrast, others must create a creative tale to make their product significant (e.g., most enterprise SaaS companies).

Here are some instances of some of the world\’s finest brand storytellers.

 

  • Warby Parker

Warby Parker revolutionized the eyeglass market by making designer eyeglasses cheap, environmentally friendly, and simple to try on at home. Their brand is also built on a compelling tale. One of its founders missed the first semester of graduate school because he misplaced his spectacles on a backpacking trip, and they were too expensive to replace. He and his team decided to address the issue using a plant-based frame structure that is healthier for the environment.

 

  • Coca-Cola 

Coca-cola’s legendary Santa ad is an excellent example of brand storytelling. For example, after the brand\’s \’Give and take, say I\’ promotion, children began putting Cokes outside their houses for Santa. Their Santa figure is so well-known that simply seeing his face recalls their tales.

 

  • Nike

Nike built itself in people\’s imaginations in the 1990s with superb storytelling.

In 1999, they produced a stunning ad to remember Michael Jordan\’s career. At a time when everyone was pressing a hard pitch, Nike let Michael Jordan’s story speak for itself. At the conclusion, \”Just Do It,\” the swoosh emerges, and that\’s all the space their brand took up. The tale created an emotional connection between the fans and the player – Nike was just a tiny part of the transaction.

 

Getting Started with Your Brand\’s Story

Fortunately, you\’re in better shape than most people if you have a great story and a desire to share it. It\’s time to actively spread your message by coming up with creative ways to do it.

 

Start with the core of your brand. 

Your brand\’s purpose, vision, mission, and values make up its brand heart. The base of your brand narrative is built on these guiding ideas.

 

Be distinct in an ocean of similarity.

Having a high-quality product or service is not enough; you also need to know how to market it in a way that sets you apart from the competition. That is why brand storytelling is so crucial.

Focus on building a meaningful, enduring, and authentic brand rather than bombarding your audience with figures, facts, and testimonies. Put your point into a narrative that engages audiences, clarifies facts, and elicits a feeling. Share your brand\’s history, difficulties, triumphs, and value propositions through narrative; no other brand can replicate YOUR story.

 

Make it resonate.

The ultimate aim of every tale is for it to be memorable, resonating with customers for days, if not years. With its Budweiser advertisement during the 2014 Super Bowl, Anheuser-Busch successfully did just that.

An interaction between a puppy and a Clydesdale is depicted in the advertisement. A group of Clydesdales rushes in front of the vehicle to stop the puppy\’s adoption and prevent it from being driven away in a car. A brilliant slogan — \”best buds\” — appears on the screen, connecting the bond with the Budweiser brand. In the end, the puppy is allowed to live on the farm with the Clydesdales. According to a TIVO survey, it was the most-watched Super Bowl commercial in the past 50 years.

 

Be helpful, not hype-full.

Instead of being excessively promotional, telling true, honest tales will connect with your audience more. Think about the correspondence you get from your preferred brands. Do they make empty promises? Presenting implausible or impossible goals? Most likely not. Find narratives that show your audience how you can assist them. Being human will go a long way in your marketing encounters.

 

What’s your story?

In a congested marketplace, when everyone is focused on doing things quicker, more effectively, and automatically, be the brand that dares to BE HUMAN. Show your consumers that you care, even if it means (gasp!) slowing down or doing things differently.

Techvertising Trends to Watch In 2023

Revolutionizing Techvertising Trends to Watch In 2023 (Demo)

The year 2023 is here, which means that ad tech specialists across the globe are making quick recaps while attempting to construct their own visions of how ad tech trends will appear.

This year, companies need to pay attention to Gen Z, TikTok, and AI since they are not just the future but also the present. In order to develop a successful digital marketing strategy, businesses should stop worrying about what the future may hold and instead look forward to the top digital marketing trends for 2023.

Eager to dive in? If you want to win at digital marketing this year, you\’ll need to be on the cutting edge. As an added convenience, I\’ve summarised the latest Techvertising trends to watch in 2023

 

Let\’s begin!

 

Top Seven Trends That Will Affect Your Techvertising

Brands are using technology to communicate tales like never before. Marketers and agencies dominating this new digital environment have ceased seeing technology as a medium (such as mobile and streaming video) and instead incorporated it into their creative process.

2023 will be a year of constant transformation in the digital marketing industry. Here are some trends to take advantage of.

 

A Cookie-Free Future

The era of the cookie — code planted on our computers by websites to follow our activity – is coming to an end, thanks to the increased awareness of online privacy concerns. Google is leading the advertising technology market with its cookieless future, which is set to debut in 2023. Google will launch new technology advertising the test cookie phase-down around the end of 2023. While cookies rely on information supplied by the client, such as personal emails, cookie substitutes will need vast amounts of quality first-party data to thrive.

What impact does this have on companies and advertising or marketers? As consumer privacy concerns and legislation such as the GDPR grow, prudent firms will want to plan for a future in which cookies give way to alternatives.

 

Symphonic Ads Gain Popularity

AI Music, a British start-up, published the first symphonic ad in 2019, which used \’shapeshifting\’ technology to enable people to remix songs using artificial intelligence. In other words, the system automatically altered the backdrop music of the digital ad to fit whatever the user was now listening to.

Dunkin\’ Donuts\’ AI-powered audio advertisement was a tremendous success. It may seem like a passing craze, but Dunkin\’ Donuts employed this technology in 2021, and the results were spectacular. Compared to non-personalized advertising included in their previous campaigns, they saw a 238% increased engagement.

So, after you get beyond the confusing name and futuristic techiness, one thing is certain: THIS WORKS. In fact, studies have shown that audio-only media has a higher emotional effect on listeners than visual content, triggering changes in heart rate and body temperature.

 

The Metaverse

The Metaverse is today\’s future combination of virtual reality (VR), augmented reality (AR), and artificial intelligence (AI), resulting in a new 3D immersive experience in which users merge the physical with the digital.

Examples include interactive ads like NASCAR’s on the interactive game platform Roblox. Users may construct their own avatars that enable them to \”feel\” things without really purchasing them.

 

Some vital metaverse statistics:

  • Metaverse marketing is predicted to reach $783.3 billion by 2024, growing at a 13.1% annual pace.
  • By 2026, 25% of individuals will spend an hour every day in virtual reality.
  • It is anticipated that 30% of businesses will sell in the metaverse by 2026.
  • 33% of individuals are already interested in acquiring metaverse digital items.

 

On the retail frontier, businesses leverage technology such as augmented reality to create blended shopping experiences in which shoppers, through virtual avatars, may \”try on\” clothing, \”sit\” on chairs, \”live\” in certain geographical places, and so on.

 

Brand Experiences

Another hot trend this year will be how manufacturers use services to gain a competitive advantage. One company that has hastened its transition to digital is L\’Oréal. It\’s investing money into growing its e-commerce business, boosting its digital content and using analytics.

\”Services are the new goods,\” according to one idea shared by L\’Oréal. In an event, the concept has been described that L\’Oréal acquired ModiFace, which owns patented skin and facial image analysis technology, a few years back. The reps explained how L\’Oréal is strengthening customer engagement by offering skin diagnosis and hairstyle simulation services through its app and implementing initiatives that leverage personal data.

 

AV Product Marketing 

To immerse customers in commercials, AV technology is a significant part of digital marketing. Branded graphics that engage several senses make internet imagery more memorable and stunning.

Designers create rich, detailed, and interactive mini-sites for people to enjoy. They often contain gamification, which means that designers reward users for navigating the site and completing specified goals or CTAs. As we approach 2023, you will require more than static digital marketing.

ASOS employs Instagram filters to communicate with social media audiences. Firms may also use ASOS AV technology on a lesser scale. Consider social media filters that allow people to interact with your product while browsing, such as putting on lipstick to see how it looks. Or, like Meta, you can create a wholly branded world for your consumers to enjoy.

 

CTV Will Lead the Way In 2023

With most TV viewers streaming across multiple devices, investing in connected TV (CTV) and over-the-top (OTT) advertising allows you to target these viewers with premium inventory and brand-safe surroundings.

  • CTV ad expenditure reached $17 billion by the end of 2022, rising to $28 billion by 2025.
  • Meanwhile, CTV programmatic ad spending reached $8.8 billion.

Netflix intends to introduce its ad-supported tier in early 2023, which will comprise the overwhelming bulk of what customers view on the site. Netflix is in talks with studios to attempt to incorporate more content to make this tier more appealing. Disney+ will also offer an ad-supported tier in December this year, although the advertising will be limited to 4 minutes per hour.

 

SSP and DSP (Finally) Collaborating

The collaboration between SSP and DSP in the advertising industry is a significant development that has been long-awaited. The shift in the industry towards a more transparent and efficient ecosystem has pushed both SSP and DSP to work together towards common goals. The Trade Desk\’s direct integration with premium publishers has created a ripple effect in the market, prompting SSPs to develop deals with media agencies. As a result, the line between buy- and sell-facing adtech companies has become more blurred.

However, to sustain in the rapidly evolving programmatic platform industry, diversification of income methods and the creation of an ecosystem that connects consumers, sellers, producers, and data platforms is essential. SSPs can introduce buy-side capabilities by developing custom DSPs that can work seamlessly with their existing offerings. This would not only enable them to retain their current clients but also attract new ones who are looking for a one-stop solution for their programmatic needs.

The collaboration between SSP and DSP is a win-win situation for all parties involved, including advertisers, publishers, and consumers. Advertisers can benefit from better targeting and increased ROI, publishers can generate more revenue, and consumers can enjoy a more personalized and relevant ad experience. With the industry rapidly evolving, it is essential for all players to adapt and work together towards a more transparent and efficient ecosystem.

 

Refresh your advertising using tech trends!

And there you have it!

With these seven trends in your arsenal, you\’ll be well-prepared for a great year of techvertising in 2023. Refresh your approach and put these ideas into effect, and you\’ll surely see a rise in sales, brand loyalty, and digital followers.

These significant new developments, such as AV, AI, and immersive experiences, aren\’t going away. So, if you can stay ahead of these technological improvements this year, you\’ll be ahead of the curve in 2024 and beyond. Ensure every digital marketing campaign you create for 2023 seems accurate, engaging, and relevant to your target demographic.

 

People are embracing future trends, and so should YOU!