I have been thinking lately about how customers form their perceptions of brands and what we can do about influencing those memories. Brands and products can easily become look alike commodities, which makes gaining mind and wallet share more difficult. Brands want to be distinctive, stand out among the crowd and be noticed by consumers. The rise of social media has, in my opinion, provided more insight into consumer’s perceptions as well as opportunities to use listening tools and pay attention to one’s own social networks for a rich data set of clues. If done correctly, a brand can address issues and show gratitude to customers and create connective memories to that experience and ultimately the brand.
In my direct experience customers either start their conversation with a company using social media or turn to it as a last resort. Regardless, brands need to be watching these spaces closely and jumping in as soon as possible. It goes without saying that when I say jumping in I mean with trained professionals.
There’s a fascinating behavior economics principle called the peak-end rule. It was first suggested by Daniel Kahneman, Nobel Prize winner for Economic Sciences in 2002.
According to the peek-end rule we judge our experiences almost entirely on how they were at their peak (pleasant or unpleasant) and how they ended. Other information is not lost, but it is not used.
It could be fair to say that consumers who post on social media streams are at a peak with a brand. Skilled companies who engage these customers quickly, acknowledge their emotions and work to solve the problem will deliver an end that can leave the customer with a better perception. Ending on a high note means you have won half the battle.
Social media is potentially a new customer experience tool that can be employed to improve interactions on both sides and perhaps nudge the perceptions customers have of a brand. If your customer truly is at a peak, then we should do everything we can to end the event on a high note – if it has been unpleasant – or propel a good experience even further up the scale. Social, has the power to leverage immediacy, intimacy and interaction into a powerful generator of memories.
Image re-drawn from Greg Ness’s graphic