A new buzzword has popped up that describes a state of mind I had never leveraged in marketing before: FOMO, the fear of missing out.
This fear stems from our “connected
everywhere” lifestyle. With literally everything a click away, people are tempted to check in all the time, afraid something important could happen and they would miss it.
In
the old days, you had to watch something or be somewhere right when it happened. If you missed an episode of your favorite show, you had to wait for reruns. If you didn’t watch a
concert with your favorite band, you had to wait until they went on tour again. There actually was a real sense of urgency. Everything was finite.
These days, that’s not the
case. Every moment is recorded by someone. Every show is available via streaming. Many shows are available in binge format.
There are very few things that are “here
today, gone tomorrow,” so FOMO feels like a manufactured feeling. FOMO resonates most with the millennial audience that has been raised with this level of accessibility. For older
audiences who are used to missing out, it feels less like a motivational tool.
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So how do you harness FOMO as a viable marketing strategy?
With FOMO, you strive to be a constant
reminder to your audience, in front of them wherever and whenever you can be. Your brand needs to take content that’s valuable to your audience and push it out through social media and
other channels. You try to build frequency in the feed, and get your story told wherever they may be. You try to tease ideas that require payoff.
To truly harness FOMO, you need to
offer up exclusive information and opportunities that your audience can’t get anywhere else, and make it time-sensitive. You create a false sense of timeliness to get your audience engaged
now rather than waiting till later.
If you have an app, notifications are your primary tool for creating FOMO. That little bubble with a number that pops up in your app becomes a
valuable weapon in your arsenal. It creates a sense that by not visiting now, you’re missing out. It creates a false sense of urgency. That is a great way to get your brand to
stay top of mind.
Keeping your audience coming back to learn and encouraging them to see you as a valuable source of information is an important strategy.
What are some of the
other ways you leverage FOMO as a marketing vehicle?