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10 Trends For 2010

Nobel Prize-winning physicist Niels Bohr once noted that "prediction is very difficult, especially about the future" -- but then, he didn't have access to predictive loyalty metrics. Happily, Brand Keys does. And, as it measures the direction and velocity of consumer values 12 to 18 months in advance of the marketplace and consumer articulations of category needs and expectations, it identifies trends.

Having examined these measures, we offer 10 trends for marketers for 2010 that will have direct consequences to the success -- or failure -- of next year's branding and marketing efforts.

1) Value is the new black

Consumer spending, even on sale items, will continue to be replaced by a reason-to-buy at all. This spells trouble for brands with no authentic meaning, whether high-end or low.

2) Brands are increasingly a surrogate for "value"

What makes goods and services valuable will increasingly be what's wrapped up in the brand and what it stands for. Why J Crew instead of The Gap? J Crew stands for a new era in careful chic -- being smart and stylish. The First Family's support of the brand doesn't hurt either.

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3) Brand differentiation is Brand Value

The unique meaning of a brand will increase in importance as generic features continue to plague the brand landscape. Awareness as a meaningful market force has long been obsolete, and differentiation will be critical for success -- meaning sales and profitability.

4) "Because I Said So" is so over

Brand values can be established as a brand identity, but they must believably exist in the mind of the consumer. A brand can't just say it stands for something and make it so. The consumer will decide, making it more important than ever for a brand to have measures of authenticity that will aid in brand differentiation and consumer engagement.

5) Consumer expectations are growing

Brands are barely keeping up with consumer expectations now. Every day, consumers adopt and devour the latest technologies and innovations, and hunger for more. Smarter marketers will identify and capitalize on unmet expectations. Those brands that understand where the strongest expectations exist will be the brands that survive -- and prosper.

6) Old tricks don't work/won't work anymore

In case your brand didn't get the memo, here it is -- consumers are onto brands trying to play their emotions for profit. In the wake of the financial debacle of this past year, people are more aware than ever of the hollowness of bank ads that claim "we're all in this together" when those same banks have rescinded their credit and turned their retirement plan into case studies. The same is true for insincere celebrity pairings: Think Seinfeld & Microsoft or Tiger Woods & Buick. Celebrity values and brand values need to be in concert, like Tiger Woods & Accenture. That's authenticity.

7) They won't need to know you to love you

As the buying space becomes even more online-driven and international (and uncontrolled by brands and corporations), front-end awareness will become less important. A brand with the right street cred can go viral in days, with awareness following -- not leading -- the conversation. After all, everybody knows GM, but nobody's buying their cars.

8) It's not just buzz

Conversation and community is all; eBay thrives based on consumer feedback. If consumers trust the community, they will extend trust to the brand. Not just word of mouth, but the right word of mouth within the community. This means the coming of a new era of customer care.

9) They're talking to each other before talking to the brand

Social networking and exchange of information outside of the brand space will increase. Look for more Web sites using Facebook Connect to share information with the friends from those sites. More companies will become members of LinkedIn. Twitter users will spend more money on the Internet than those who don't tweet.

10) Engagement is not a fad; it's the way today's consumers do business

Marketers will come to accept that there are four engagement methods, including Platform (TV; online), Context (Program; webpage), Message (Ad or Communication), and Experience (Store/Event). But there is only one objective for the future: Brand Engagement. Marketers will continue to realize that attaining real brand engagement is impossible using outdated attitudinal models.

Accommodating these trends will require a paradigm change on the part of some companies. But whether a brand does something about it or not, the future is where it will spend the rest of its life. How long that life lasts is up to the brand, determined by how it responds to today's reality.

2 comments about "10 Trends For 2010".
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  1. Kevin Horne from Verizon, October 2, 2009 at 10:43 a.m.

    Predictions? Where is the tie in to "loyalty index" predictive data? These are simply one person's summation of "learnings" from the PRIOR two or three years in marketing and advertising.

    With some dubious examples. "ebay thrives" ??? you wouldn't know that from recent financial results - revenues and margins down in ebay's core trading business more than 10%.

  2. Mickey Lonchar from Quisenberry, October 2, 2009 at 11:56 a.m.

    Great list, Robert. I know a #11 would screw up the symmetry of your list, but another result of the shift of the techtonic marketing plates is that the path to customer loyalty is by providing solutions, not sales.

    Cherishing the relationship over the transaction, and understanding how your "brand" (not just your products, but your experience, knowledge and resources) can be of value to customers is the way to earn their trust, which is the most critical step in building loyalty.

    Sorry to mess up your list.

    www.quisenblog.com
    www.twitter.com/mickeylonchar

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