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Concept
Engagement marketing
Summary
Engagement marketing, sometimes called "experiential marketing", "event marketing", "on-ground marketing", "live marketing", "participation marketing", "Loyalty Marketing", or "special events", is a marketing strategy that directly engages consumers and invites and encourages them to participate in the evolution of a brand or a brand experience. Rather than looking at consumers as passive receivers of messages, engagement marketers believe that consumers should be actively involved in the production and co-creation of marketing programs, developing a relationship with the brand.
Consumer engagement is when a brand and a consumer connect. According to Brad Nierenberg, experiential marketing is the live, one-on-one interactions that allow consumers to create connections with brands. Consumers will continue to seek and demand one-on-one, shareable interaction with a brand.
Experiential marketing is a growing trend which involves marketing a product or a service through custom memorable experiences that engage the customers and create emotional attachment to the product/service. Physical and interactive experiences are used to reinforce the offer of a product and make customers feel as if they are part of them. Experiences are positively related to customer's attitudes, mood, and behaviors. They also represent a means through which a company can gain competitive advantage by differentiating itself from competitors. To achieve success, an experience should be engaging, compelling, and able to touch the customer's senses and capture their loyalty.
Many aspects differentiate experiential from traditional marketing. First, experiential marketing focuses on providing sensory, emotional, cognitive, and rational values to the consumers. Second, experiential marketing aims to create synergies between meaning, perception, consumption, and brand loyalty. Furthermore, experiential marketing requires a more diverse range of research methods in order to understand consumers.
Smith has developed a six-step process to develop an effective experiential branding strategy.
Official source
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