Edition 01

Experiential marketing growing

25th September 2009 By Micheal Leander Nielsen comments

Consumers report that experiential marketing is more influential. And that makes sense for marketers too.

For the third consecutive year Jack Morton Worldwide has conducted proprietary research in the US, UK, China and Australia with an objective to gauge consumer response and receptiveness to experiential marketing.

Experiential marketing is closely linked to customer experience strategies for marketers. Many factors fuel its growth, like the new realities of media consumption and avoidance, and the resulting need to find new ways to reach audiences directly, when and where they are most receptive, even welcoming.

Another reason for experiential marketing’s growth is marketers’ recognition that when it comes to impressions, quality matters as much as, if not more than, quantity. Quality of impressions is increasingly expressed as engagement, implying relevance, interactivity and a dialogue that extends over time and across touch points.

Preference vs. influence
Consumers do not prefer experiential marketing to other media (it ranks third, after TV and the Internet). But they do report that it is more influential. And for marketers influence — because it conveys action generated by marketing — is clearly more meaningful than preference.

Across demographics and geographies experiential marketing is cited as the “most engaging” means of interacting with a brand, with 82% of respondents agreeing that participating in a live event is more engaging than other forms of communication. Influence was rated according to three core goals of all marketing, experiential or otherwise.

Create understanding:
80% of respondents agree that participating in experiential marketing would give them more information than other media — thereby creating understanding and echoing the now millennia-old saying of Confucius, “I hear and I forget. I see and I remember. I do and I understand.”

Generate action:
80% agreed they would be more likely to purchase after attending a live marketing event. Of those who had participated in experiential marketing in the past over 50% reported that they did take action—such as trying a sample (62%), visiting the brand’s Web site (52%) or requesting more information from the company (48%).

Inspire advocacy: Word-of-mouth
Word of mouth is a valuable effect of experiential marketing, and one with special resonance and authenticity given its peer-to-peer manner of delivery. 85% agreed that participating in a brand experience is something they would tell others about; 54% who attended a past event confirmed that they did tell others about it.

If you want to know more, download the survey here

About the author: Micheal Leander Nielsen

 

Michael Leander Nielsen, CEO of Fokus Integrated, is a customer lifecycle marketing automation expert  and a marketing innovator. He is also an author and a speaker on subjects such as marketing automation, marketing performance metrics, customer strategies and effective internet marketing strategies. More information about Michael Leander Nielsen:

Meemoo2 - A blog for Marketing managers

Marketingboss TV Channel - hundreds of edutaining, educating, inspirational videos and films

With more than 20 years of managerial and operational experience from three continents, Danish born Michael Leander Nielsen is an integrated marketing expert and a marketing innovator. 

Today he spends his time with ambitious companies and organizations, providing consulting services in a range of specialised marketing fields. He is an expert in the fields of integrated marketing, marketing automation and productivity programs, internet marketing, push and pull strategies, lead relationship management strategies, customer experience strategies and strategies for growth and internationalization.

From newspapers to marketing, internet and CRM
Ever since his first “real job” soliciting subscriptions to The Delray and Boynton Beach News Journal door-to-door in sunny Florida, his career has included some 10 years in the marketing/publishing industry, and approximately 10 years in the IT software and IT distribution industry. 

Combining experience from the client side and the consulting/agency side, and having consulted to major-league clients across a variety of industries, Michael is a highly insightful, innovative and productive top-level marketing consultant.

Speaker, educator and mentor
He has spoken at hundreds of seminars and conferences, written hundreds of articles, lectured at numerous educational institutions, and is frequently quoted in leading marketing and IT industry publications in several countries.  Moreover, he proudly assists talented entrepreneurs in a capacity as board and/or advisory board member to share his experience in a mentor capacity. Check out his upcoming speaking engagements here 

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2 Responses to “Experiential marketing growing”

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