Know. Like.Trust.
Lyndon Wood
Founder @ BioLogical Me Labs | Revolutionising Health and Performance @ LyndonX | Financial Education | Investing | Money | Cryptocurrency. Started Insurance company at the age of 19 and sold to Private Equity at 51
In today's business world, one of the most essential things to understand is the importance of building and maintaining relationships with customers. It's not enough to simply sell a great product or service. Customers also want to feel connected and valued by the businesses they engage with. That's why the "Know, Like, Trust" framework is so critical for businesses to understand and utilize in their marketing and interaction strategies.
The "Know, Like, Trust" model is a marketing approach that involves building a relationship with potential customers in three stages. The first stage is "Know," which is about creating awareness and familiarity with your brand. The second stage is "Like," which is about building positive associations with your brand. Finally, the third stage is "Trust," which is about establishing credibility and building a sense of trust with your brand.
Let's explore each of these stages in more detail and examine how businesses can leverage them to create more effective marketing and customer engagement strategies.
The first stage of the "Know, Like, Trust" model is all about creating awareness and familiarity with your brand. The goal here is to make sure that potential customers know who you are, what you do, and what sets you apart from the competition. This stage is about creating a first impression that is memorable and positive.
There are many ways to create awareness and familiarity with your brand. Some of the most effective strategies include:
The key to success in the "Know" stage is to make sure that your brand is visible and top-of-mind for potential customers. This can be achieved through a combination of the above strategies, as well as other tactics that are specific to your industry and target audience.
Once you've created awareness and familiarity with your brand, the next step is to build positive associations with your brand. This stage is about creating an emotional connection with your customers and demonstrating why your brand is the best choice for their needs.
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There are several strategies that businesses can use to build positive associations with their brand, including:
The key to success in the "Like" stage is to create a positive emotional connection with your customers. This can be achieved by showcasing your brand's personality, values, and unique selling proposition in a way that resonates with your target audience.
The final stage of the "Know, Like, Trust" model is about establishing credibility with your customers. This stage is critical because it's where potential customers make the decision to do business with you or not. To build trust, businesses must demonstrate their expertise, reliability, and commitment to customer satisfaction.
There are several strategies that businesses can use to establish credibility with their customers, including:
The key to success in the "Trust" stage is to demonstrate your expertise and commitment to customer satisfaction. This can be achieved through a combination of the above strategies, as well as other tactics that are specific to your industry and target audience.
In conclusion, the "Know, Like, Trust" framework is an essential approach for businesses to understand and utilize in their marketing and customer interaction strategies. By focusing on creating awareness and familiarity, building positive associations, and establishing credibility, businesses can build strong, long-lasting relationships with their customers that go beyond just a single transaction. This approach can help to increase customer loyalty, drive repeat business, and create advocates who will promote your brand to others. By implementing the "Know, Like, Trust" framework, businesses can create a more effective marketing and customer engagement strategy that will help them to achieve their business goals and grow over time.
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5 个月Lyndon, thanks for putting this out there!