A marketers dream is to create a loyal fanbase of customers that not only repeatedly purchase your product or service, but also advocate for your brand and essentially, advertise your business for free. This is the essence of brand loyalty.
Note that brand loyalty is NOT the same as customer loyalty. Customer loyalty refers solely to repeat purchasers and customers who are more receptive to upselling and cross selling, whereas brand loyalty looks at continuous brand engagement and advocacy over a long period of time.
An often unconscious and overlooked aspect of marketing is the psychological factors that come into play when a brand is creating and enforcing its image. Understanding the psychology behind brand loyalty will put you and your business ahead of the competition, furthering your ability to create a loyal customer base like those created by Apple, Walmart, or Starbucks.
To utilize psychology-backed marketing to improve your brand loyalty, you must create and execute an overarching and consistent positive brand image. There are a few characteristics that brands express to specifically target customers’ emotions. These characteristics are directly associated with a brands personality and can help increase overall brand loyalty. We’ve outlined our top 5 below (in no particular order):
Authenticity
- Does your brand inflict feelings of honesty and sincerity?
- Do customers feel as though they will not be scammed or misled by your brand?
- Are you transparent with your customers about the key elements of your product or service?
- How can I make my brand seem authentic?
Sophistication
- How sophisticated is your product or service perceived to be?
- Does your brand inflict feelings of trust, security, contentment, and confidence?
Reliability
- Does your brand invoke feelings of safety, comfort, and responsibility?
- Does your product or service do what it is designed to do with a high level of efficiency?
- Is your product or service perceived to be reliable?
Creativity
- Does your brand create feelings of excitement, wonder, and provoke interest? Do customers feel safe enough with your brand to take things to the next level?
- Do you offer something that is currently missing in the market, but is also useful and beneficial to potential customers in desperate search of your product/service?
Superior Service
- Do customers feel a sense of appreciation, belonging, and respect when they interact with your brand?