On the 4th
of December, Microsoft hosted a masterclass session at the virtual Web Summit 2020 entitled: Marketing with purpose: Building trusted brand experiences
During this session, Microsoft Advertising’s Regional Vice President for Continental Europe, Mascha Driessen invited modern marketers to reimagine brand experience based on purpose. At Microsoft, we live and breathe “the more voices are heard; the better the decisions are made-culture”. Equally, by focusing on people and their values, businesses can build deeper connections with customers and elevate their marketing strategy. This is not just a sentence in a blog, it is true!
The journey begins by recognising that purpose is at the heart of our very best work
. Our research shows that purpose driven brands have consumers that are more loyal
because they are more trusted
The “Marketing with Purpose” playbook
was created for you to find out how best to create a trusted relationship with your customers
. I highly encourage you to take a moment to read and absorb.
Why is it important for your marketing strategy?
It starts with trust, and the building blocks to trust are: responsibility
, and inclusion
which all contribute to build your ‘Loyalty Curve
Responsibility is not just what is legally required of you – it’s about being a good steward of the customer experience. 85% of people surveyed said they will only consider a brand if they trust it
. And this is not a ‘tick-in-the-box’ exercise, without authenticity, you achieve the opposite.
The significance of trust is even greater when looking into vertical product categories. A trusted brand versus an un-trusted one
drives a multiplier effect of
- 7x in automotive
- over 6x in travel
- almost 5x in Financial services
and almost 3x in retail
If you need to convince your typical traditional board, what about this: with over a billion people living with disabilities and a spending power of $3.2 trillion annually, there is a real opportunity for accessible marketing to make a difference. I am sure this will draw their attention. One way of doing so is by leveraging the ten accessibility principles
and integrate it into your marketing strategy.
Microsoft’s mission is to “Empower every person and organization on the planet to achieve more.
” Becoming a people centric brand begins with culture.
At Microsoft, it has allowed us to be more authentic moving from a know-it-all-culture-to-a-learn-it-all
An important line in our mission statement is ‘every person
’. It challenged us as a company to ask the question – are we truly empowering every person? This has led to our cultural shift
to be more diverse and inclusive. The Xbox adaptive controller
is a great example of inclusive product-design at its best
. Its design makes it easy for gamers to use their feet, chin, or other parts of their body.
How can you use advertising for your customers to not only see your ad, but also make them feel seen and understood?
Our research shows that brands representing diversity in their ads, are more authentic and more trustworthy
. It’s not just doing multi-cultural marketing, seen that been there. It goes much deeper. It’s to think about what
you market, who
you market to, and how
you market with an inclusive lens. The following two ads from OTTO, European leader in eCommerce, are a great reflection in time about the shift toward inclusion. 🤵🧡🤵
, from OTTO goes further and explains that at a time when racism, exclusion and intolerance have become acceptable in some circles, advertising with same-sex couple has been critical for OTTO to take a stand as an inclusive and authentic brand.
We not only know our purpose, but we live it, and we talk about it.
Ingo Bertram, Press Spokesman at OTTO
In closing, Marketing with purpose is the difference between earning a customer for a day and gaining a customer for life.
The Marketing with Purpose playbook
is an in-depth step-by-step guide created to help you action the three strategies around responsibilities, value, and inclusion as part of your brand experience and marketing. Something to think about during the holidays.
As the new year approaches, I am thrilled to invite you to our Microsoft Advertising next ‘Open Perspectives Unplugged’ session, which will take place on March 04. For more information, check out the registration page.
Stay safe and happy 2021!