
“Keep it simple, stupid,” is a well-known
design principle, but recent research shows consumers are willing to pay a premium for simpler experiences.
That is the gist of the ninth edition of Siegel+Gale’s World’s Simplest Brands study. The global survey of 15,000 people
across nine countries, found the brands that did best in the survey were those consumers relied on during the pandemic.
“The pandemic has made life harder, and World’s Simplest
Brands found that people want transparent, direct, simple experiences that make their lives easier,” said Howard Belk, co-CEO-Chief Creative
Officer, Siegel+Gale. “The brands that topped this list simplified not only the consumption experience; they simplified the human experience.”
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Google topped the global list,
followed by Netflix, German grocer Lidl, YouTube and German grocer Aldi. In the United States, Amazon was named the simplest brand, followed by Hulu, Netflix, Costco and Google.
2021 Top 10
World’s Simplest Brands
- Google
- Netflix
- Lidl
- YouTube
- Aldi
- McDonald's
- Samsung
- Amazon
- Uniqlo
- 10. Spotify
2021 Top 10 U.S. Simplest Brands
- Amazon
- Hulu
- Netflix
- Costco
- Google
- Burger King
- Publix
- Levi’s
- Disney+
- 10. Dunkin’
The survey asked respondents if their lives had grown more complex during COVID-19. A large plurality
said it had.
Some 55% of respondents in the 18-34 year-old demographic said their lives were more complicated because of the pandemic. That compares to 37% of 44-64 year-olds who said the
same. Similarly, 38% of respondents aged 55 to 64 said life had become more complex and 29% said it had gotten simpler.
For consumers over 65, 38% said that life had gotten more complex and
17% said it became simpler.
The survey also showed a divide between people who could work from home and those who were required to report to work in challenging environments. Over half of the
people who eared less than $70,000 a year said life had grown more complex. For those earning more than $100,000 a year, 51% said life had become simpler.
“Our study confirms the last
year and a half has been a clarion call for simplicity,” said David Srere, co-CEO-Chief Strategy Officer, Siegel+Gale. “World’s
Simplest Brands quantifies the substantial monetary value of investing in simplifying. Companies can thrive by keeping it simple for customers…or suffer the consequences.”
Among other findings in the survey:
- 76% of people are more likely to recommend a brand that delivers simple experiences, versus 64% in 2018.
- 57% of people
are willing to pay more for simpler experiences, slightly higher than the last report’s findings.
- While there isn’t a significant change in people willing to pay more for
simplicity, the premium people are willing to pay for it has quadrupled. Siegel+Gale estimates that companies leave an estimated $402 billion on the table by failing to provide simple experiences,
versus $98 billion in 2018.
- A stock portfolio of the World’s Simplest Brands has outperformed the average of the major indexes by 1,600 percent since 2009.