Would a 3rd Grader be Excited about Your Story?
David Polinchock
Helping retailers/brands understand emerging tech impacting physical space, including AR/metaverse, payment tech | RETHINK Retail Top Retail Expert | RTIH Retail Influencer | Writing book on 3rd place w/Sydney Polinchock
Over the years, I have done a number of storytelling workshops and exercises, helping brands understand the importance of creating and maintaining a great story. As humans, we generally buy on two reasons, price and brand story. Truth be told, if there's no compelling brand story, then we usually buy on price. And there are certainly times we know we're spending more on a brand because of what their story means to us.
The challenge is that today, most brands have lost sight of what their story is, driven by the drive to lower costs. Unfortunately, that drive also can harm brands, making each one indistinguishable from the next. The recent surge in popularity of generic brands is driven by two key factors: economic hardship and a perceived lack of differentiation between generic and name-brand products. Consumers, facing financial pressures, often find generic alternatives just as suitable as their brand-name counterparts. (OK, AI helped me with that sentence, I just wasn't making it work!)
One of my favorite brand stories is that for Tums. Did you know that it was created by a pharmacist who loved to cruise, but his wife got seasick? So, he created something to help his wife, so they could cruise together. While on the cruise, she shared it with other passengers and it grew from there.
I like stories like that. They move away from simply being about features and benefits and create an opportunity to engage emotionally with the audience. And, when authentic and engaging, great stories allow for a brand to move away from pricing as their sole strategy.
So how do you help to tell your story or build a great? here are 2 exercises I like to do:
Exercise two is one of my favorite and gives you a great sense of how your story is landing. How many employees of your employees believe upper management telling them that our company is “all about the people who work here”, as so many companies do? One of the biggest challenges to overcome in brand storytelling is making sure that it’s told with the same conviction throughout the organization as you would have it told to your customer. Believe me, customers know when it doesn’t ring true!
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A few key points to consider:
Over the years, I've developed some questions to ask:
I’m always amazed at how very good companies can miss some of these key items and turn what should be a great story into either a neutral or worse, negative story. Do you know your story? Is it authentic? Does it pass the blind date test? Are third graders excited to hear it?
In the end, there are three things about a great story:
The key learning here is simple: If people want to hear, tell or participate in your story, then you are sharing your brand conviction with them; brand conviction means brand customers.
Farmer to Founder | Chair & Owner, EarthKind | Future-Proofing Homes, Farms & Families
1 个月I’ll never forget how you told me a story through live clickable data on a huge interactive wall in your NYC lab. You asked: What show does Jim like to watch? A spider web of shows come up. “What does he watch next? I touch one. Another spider web comes up. You ask what he’d switch to if interrupted. I pick again. You end with: “I’m betting Jim’s a pilot, and a computer programmer, likely was or is military.” That was the most powerful story telling I’ve ever seen. So fun, entertaining, and 100% on brand.??
Managing Director at RETHINK Retail
1 个月Great insights David, people and brands often lose the core element of creating stories that people want to share
Helping retail brands attract evolving consumers and outshine competitors by identifying & prioritizing innovation initiatives
1 个月Storytelling is a powerful tool. I love your approach! I have seen first-hand the difference between when my innovation team told captivating stories versus when we simply presented data. Storytelling allowed key stakeholders to remember the lessons, gain buy-in, and proactively want to help. In contrast, when we provided only the facts—like 'just the facts, ma’am'—stakeholders received good-to-know information but gave us false buy-in (agreeing to support but then forgetting about it after the meeting).
Business Development & Strategic Accounts Leader ? Creative Problem Solver ? Consultative Seller ? Applying Data Insights to Move Business Forward
1 个月Great story! (And a great post in general to keep top of mind as we think about marketing and reaching audiences).
Retail Disruptor | Retail Media Enthusiast | CBO @buywith+myAthena | Founder @Re:Tech | NRF Retail Voice | Top Retail Expert & Strategy @RETHINK Retail
1 个月Love this David! I first learned storytelling from Donna Griffit who always says - tell it like your grandma should be able to understand.