Effective storytelling is the first form of human communication - and an art form. It takes a certain level of creativity to build a narrative that resonates on an emotional level with audiences. A good story can take the reader and place them in the role of the protagonist, having them empathize with the character, understand their motives, and feel rewarded when their mission is accomplished. A great story does all that and can inspire audiences to take action.
An effective marketing campaign, coupled with a strong communication tactic, can build a great story around your brand, product, or service. In short, storytelling matters, especially as part of the digital marketing strategy. Let’s break down a few reasons why effective storytelling can improve customer acquisition and retention efforts, establish brand loyalty, and drive overall growth.
Customer Acquisition and Retention
One of the main benefits of an effective storytelling structure is how it can impact the consumer experience. A compelling story can capture the attention of prospective customers and alert them to your brand. The story typically revolves around a fictional character facing the same problems as the consumer and positions the brand as the savior that can solve all of the protagonist’s problems. By creating that sense of relatability, brands are able to present how they are the optimal solution to the problem and do so in a meaningful, memorable way.
Example: Airbnb uses customer experiences with its rentals to build stories around traveling.
Build Brand Loyalty
All businesses need and want brand loyalty - and storytelling can help to establish your brand in the minds of your consumers. Using storytelling tactics, brands can deepen their relationship with consumers by instilling its brand traits and values into the overall message. Additionally, brands that are able to craft stories that feel authentic in tone will also find it easier to build trust with audiences.
Example: Cotopaxi has built a reputation for ethical sourcing of materials and establishing fair trade practices. Its audiences tend to be individuals that care about their environmental impact and sustainability.
Grow. Grow. Grow.
If storytelling can help attract potential customers and retain them via emotion marketing that builds brand loyalty, then it should come as no surprise that the ROI would be growth. The best campaigns that highlight the best attributes of a brand remain memorable for years to come. The benefit of creatively complex yet compelling stories allows various touchpoints for brands to connect audiences, thus creating various segmented audiences that are connected through a single narrative.
Example: Nike has mastered effective storytelling through its “Just Do It” marketing strategy. All of their campaigns feature different athletes with the message of overcoming adversity and achieving success. By featuring various athletes but connecting it to the narrative of overcoming obstacles, Nike is able to embed its mantra as the call-to-action for audiences.
Storytelling is an incredible skill and with the right creative process, can be a major factor for businesses trying to capture new audiences or connect with existing ones. It helps to cut through the “noise” (read: marketing) created by other small businesses and helps to humanize a brand. It’s important to build your narrative around the preferred traits of your brand. If you want your brand to be known as innovative, dynamic, next-gen then those aspects should be present in your story.
My name is Taylor Durham and I’m the Director of Marketing at Venture Lab, the University of Pennsylvania’s entrepreneurship hub for student venture development and the co-founder and chief creative officer at HoneyBlossom, a digital marketing company that works with small business owners to provide comprehensive creative and marketing services. In writing this series of articles, I’m hoping for one particular reason - to provide a set of accessible information on branding, digital marketing, and creative design. In this series, you’ll find various articles that provide tips, tricks, and best practices that any startup can apply with little to no cost.