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Hook the Amygdalas & Give the Guest the Gold
"What
drives behavior in a complex world is emotion.
Emotions are an important determinant of economic
behavior, more so than rationality."
—
Nobel Prize Winning Economist, Dr. Daniel Kahneman
as quoted in The New
York Times, Tuesday, December 7th
The 'Off the Shelf' Column in the Sunday Money section
of the December 5th New York
Times spent its entire length
examining the explosion of recently published books on
the virtues of 'farming'. Focus on you current customer
and the rest takes care of itself. Ken Blanchard wrote
Customer Mania.
According to columnist Paul Brown, Blanchard
offers 4 key points:
What took the topic into a new world was an article in the following Tuesday New York Times on Neurology, in which author Sandra Blakeslee reports on scientifically documented proof that:
So we now have a reason to take the plunge. Gallup managed the consumer study using electrodes and brain scans. They demonstrated through their study of consumer's electro-chemical responses to brand stimuli that a customer brain's 'emotional center' had no chemical reaction to mundane questions. But ask something about a brand the consumer cared about, their brains lit up like a Christmas tree. In a word, The Road to Amygdala is paved with bankable gold. Conversely, it also suggests that clever advertising will be even less effective, because we live in an age of well earned cynicism, where a customer can define a "Hello" as the most 'over-the-top' example of a WOW retail experience they've had recently. The article goes on to quote Frederick F. Reischheld, author of The Loyalty Effect , "If a company could turn 5% more of its customers into loyalists with hooks into their amygdalas, profits would increase 25 to 100% per customer." A company wins brand loyalty by creating an authentic experience, which offers not just the basics of product or service, but the emotional connection with a customer. It's the clearest example that we are in Showbiz, Baby. It'll never be about selling things or meeting simple needs, but about recognizing the hopes of our guests and to plug directly into that emotional center of the human brain which controls brand loyalty. So, circling back to Blanchard, the task at hand is to 'get' that the retail experience is controlled by our associates/actors and manage based on that fact. The enlightened organization will then revere the line associates: choosing wisely, paying handsomely and recognizing & rewarding those who authentically enact the branded experience. Based on the above data, the price you charge is less important (that's the rational part) than the experience you create. In fact, when you commit to a learning relationship with your guest, the value proposition is transformed. They'll pay you more because you understand them and then come more often because they feel recognized. This assumes you walk the talk when the guest reaches out to you to 'converse', whether about an issue or just for some information. Don't follow the lead of the Dot com's, who do everything in their power to keep themselves anonymous except through e-mail. If you hit the amygdala jack-pot, the biggest payoff is the fervor with which guests will promote you to others. All of this 'process', orchestrated though it may be, is based on keying in on feelings and preferences; following the golden path to the Amygdala. It's time for a road trip. If you liked this article, please forward it to a friend.
Have any questions about this issue? Please feel free to email me at rkhendrie@comcast.net , or call me at 617-547-5123 or 617-335-1011. I'll do my best to help you out.
We combine theater technique, classic marketing skill and operations know-how to create a profitable, "WOW" guest experience. > [click here for more information]
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Seminars: Now, for a little shameless self promotion. Looking for a high-energy speaker, capable of personalizing a presentation to meet your needs? Click graphic to read more about how we can be of service to your organization.
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