Experiential marketing places individuals, or groups of people, into an immersive, branded environment. This massively growing field is defined as an experience with some kind of physical interaction that goes far beyond passively watching a screen or a presentation.
What’s the point of experiential marketing?
It’s vital to grasp the fact that, despite the tech-focussed natures of Millennials, physical experiences are still more powerful than any other approach for new generations of customers. In fact, 78% are more inclined to become part of a brand if they have some kind of “face-to-interface” interaction. So get it right and you’re onto a winner.
Experiences that give rise to positive emotions and generate memorable mental imagery in potential customers are incredibly valuable to any brand. Designed well, with a little creative spark, such interactions create a closer bond between the brand and the consumer by immersing them in a fun and memorable experience.
On the surface, the engagement numbers might not convince you. But experiential marketing is all about quality over quantity. Carefully target the right people at the right time with a high quality interactive experience, and they’ll come back again and again, over a long period of time. This customer lifetime value (CLV) is a highly prized metric.
The not-too-distant future
Remember the personalised, holographic adverts featured in Minority Report? This type of highly personalised experience is likely to become an important part of marketing.
Cameras and facial recognition systems can already be used to determine the gender, ethnicity and emotional reaction of audiences to content on an interactive screen. Imagine if that content could be customized to each person in the audience!
Tracking technologies such as RFID (radio-frequency identification) tags could soon be fully integrated into events and experiences, allowing developments such as intelligent signage, and personalized sound, video, lighting… the list goes on. Beacons on physical objects could unlock interactive content in a live event or retail space.
Next generation tech NOW
Treating a handful of potential customers to a sky dive might help your company sell its energy drinks with an unforgettable experience, but it’ll cost the earth. So, marketing executives are teaming up with digital agencies such as ours to pioneer the future.
Emerging digital technologies – platforms such as mobile apps, Microsoft Kinect, biometric recognition software, virtual reality, and the much-hyped Magic Leap augmented reality – can mimic this kind of experience in a way that’s portable, repeatable and reaches more customers in a cost effective way in all aspects of life, including trade shows, pop-up shops, and meetings around the world.
The tools are all out there – it’s just a case of putting them to use imaginatively. By combining the real world with the digital world, we’re creating a new era of experiential marketing in which the customer can “touch” or “interact” with your product.
Here at PAULEY, we’ve been using drones, Oculus Rift virtual reality headsets, and interactive content not solely for marketing, but also to deliver immersive training and sales tools.
Brands can extend the reach of their experiential marketing by encouraging customers to create their own content, making something that is tangible and shareable beyond the lifetime of the event. And social media can be integrated into marketing events to make the experience stretch further.
We’re always keen to work with companies with grand plans for using next generation digital technologies. Get in touch to discuss your ideas and we’ll make them a reality!