The Power of Storytelling: How to tell a compelling brand story
Stories are powerful because they engage our emotions, simplify information, and enable us to understand and remember. Creating a brand story is not advertising or promoting product benefits. It is a strategic approach that combines creativity, authenticity and a deep understanding of the brand and its audience. Research by Headstream identified that if people love a brand story, 55% are more likely to buy the product in future.
To be relevant and appeal to the needs of its audience, a brand needs to understand them. Customer demographics, purchase histories, social media activity, online reviews and customer surveys are all sources that a brand can utilise. If a brand demonstrates its understanding of its audience, its audience will feel valued and have a sense of belonging, promoting loyalty.
Being genuine and transparent also promotes loyalty among customers. Audiences can feel good about the brands they trust as an authentic story reaffirms their choices. John Hall’s article for Forbes suggests focusing on company values, innovation and people to craft a message that is authentic and relates to a customer’s needs. “When a brand connects the “why” behind what it does and shares it in an authentic story form, customers listen”.
Customers will only continue to listen if the story and experience are consistent. For customers to continue to engage, a brand must maintain trust and uphold consistency between the brand narrative and the brand experience delivered. The Drum reports that consistency is crucial for brands to stand the test of time, and it is not just the product that sells but a brand story that taps into a consumer’s emotions. For example, Coca-Cola is not known for selling just drinks, but for the happiness that (it says) those drinks can bring – delivered through heartwarming experiences and emotional stories that evoke feelings of joy and togetherness.
A compelling brand story should be authentic and have emotional appeal and relevance. It should be unique and consistent to have the power to captivate consumers, create strong emotional connections, drive loyalty, and make a brand memorable in the eyes of its audience.