The scene would be surreal if it weren’t so familiar.
A man sits before a table. He is in the desert, though he is oblivious to this fact; he sits in air-conditioned comfort in a building designed to evoke the city of Venice, Italy. Above him is a chandelier the size of a compact car. A vodka tonic is in his left hand; it was given to him, free of charge, by a leggy blonde in a revealing outfit.
On the table before him, playing cards are placed face-up. If the man’s cards meet one set of conditions and the dealer’s meet another, the man wins a small amount of money.
One hundred per cent of the time, the rules of the game do not favor the man. He knows this. But that doesn’t silence the voice in his head that inexplicably repeats: “I will leave richer than I came.”
You’ve probably guessed that the scene is a blackjack table in Las Vegas. I’ve just returned from another visit to that desert oasis, where I saw, with my own eyes, a woman praying at a roulette table. I don’t think it was Bill Maher in drag, but you never know.
What I do know is that this scene (and thousands of others like it) plays out in Vegas every day. And that should teach us something about the benefits we provide via our brands.
What Brand Benefits Do We Really Provide?
We humans are, ultimately, rather irrational beasts. But brand stewards often choose to appeal only to the rational brain. They seek to persuade via logic, ignoring the potentially richer veins of emotions and experiences.
Business-to-business firms are particularly guilty of this. I’ve spoken with several B2B marketers who lament the seemingly short list of benefits that they – and their competitors – provide: Increased sales, reduced costs, better productivity. And that’s about it.
That means big prizes may await those bold enough to move beyond the rational. For example, a B2B brand might position itself as an industry thought-leader by hosting exclusive conferences or customer appreciation events that plug into needs beyond the ho-hum “sales and costs.”
Three Kinds of Brand Benefits
So today I challenge you to reinvent the benefits you offer. Generally speaking, there are three kinds of brand benefits, and we’ll use my own experience in Vegas as examples of each:
Functional. These benefits serve a practical or rational need. I’ve no idea what functional need Vegas serves, which speaks to the power of the next two kinds of benefits.
Emotional. These benefits are psychological in nature. My penchant for bouts of escapism is as high as the next guy’s, and Vegas was built on exactly that need.
Self-expressive. These benefits are about how we want others to see us. If I win a daily poker tournament while in Vegas, you can be sure my friends will hear about it.
A strong brand can deliver all three. An Apple computer user might derive the functional benefit of an efficient operating system, the emotional benefit of creativity, and the self-expressive benefit of being seen as a progressive techie. Clearly, such a user’s brand loyalty will be well above average.
Finding Your Brand Benefits
Explore your benefits by answering these questions:
You, today: What benefits are you currently the best in your category at providing? If none, what can you do differently?
Consumers: Do consumers need the benefits that you’re best at? If not, what can you do differently?
The other guys: What benefits are your competitors best at providing? Where is the whitespace where you can play and win?
Values: What is the higher-order calling of your brand – the need that you’re truly driven to serve?
The horizon: What benefits will emerge as important in the future? How can you get there first (and best)?
I’m not advising you to avoid functional benefits. Quite the contrary: Functional may be the strongest card for you to play. But exploring the full range of current and future benefits is one path to winning a brand jackpot.
A version of this post appeared in the Business Courier of Cincinnati column “That Branding Thing” on November 14, 2008.
About Matthew Fenton: Matthew founded Three Deuce Branding in 1997 with a simple mission: “To help good people build great brands.” He’s a former CMO who repeatedly led underdog brands to dramatically outpace the market, and now he does the same for the clients he serves. Businesses with revenues of seven to ten figures trust Matthew to help them achieve “brand clarity” through core brand strategy and positioning. Matthew is also a highly-rated speaker. Contact Matthew here. He’s based in Chicago.
Copyright 2008 – Matthew Fenton. All Rights Reserved. You may reprint this article with the original, unedited text intact, including the About Matthew Fenton section.