Bighearted
The heart is a vast market. Why? Because most of our actions, including
purchases, are driven by emotion. It’s easier, and more fun, than to turn to the
killjoy brain for a predictable cost-benefit analysis, where the answer to
“Should I buy this?” is usually “No.” The heart is also powered by the
greatest force in history:
love
.
We feel better when we love, nurture, and care for others. We also live
longer. The Okinawa Centenarian Study examined the lives of people on the
southern Japanese island, one of the world’s blue zones for centenarians. The
researchers found that these old folks ate a lot of beans and drank every day
(good news) in moderation (bummer).
3
They also exercised daily and were
social animals.
4
Finally, they loved and cared for large groups of people.
5
Recent research from the Johns Hopkins University Center on Aging and
Health found that caregivers had an 18 percent lower mortality rate than
noncaregivers.
6
Love keeps you alive. It’s Darwinian—the species needs
caregivers to skirt extinction.
The heart may be irrational, but as a business strategy, targeting the heart is
a shrewd and sober strategy. In fact, the explosion of consumer marketing
that followed World War II was targeted, almost exclusively, at the heart.
The brands, slogans, and jingles were engineered to latch onto what mattered
most to consumers—what they loved. The heart was the relentless focus of
the real-life Don Drapers of Madison Avenue. Thus, J.M. Smucker convinced
people the love they felt for their children was directly correlated to the
peanut butter they chose: “Choosy moms choose Jif.” Love is also the key to
seasonal promotion, from Christmas to all the Hallmark holidays: “Show
Mom how much you love her.” A diamond engagement ring that cost three
months’ salary was “forever.” Forever for 50 percent of us, that is.
For a marketer, each string tugging at the consumer’s heart translates to
margin. There’s (among others) beauty, patriotism, friendship, masculinity,
devotion, and above all, love. These are values you can’t put a price on—but
marketers do. And that provides the markets of the heart with a cushion. Even
if their competitors gain an edge (like logistics or value), they can survive,
and even thrive, as long as they continue to connect with their customers’
irrational hearts.
If this all sounds superficial, it is. That’s the nature of passion—and the
heart is one of the few forces that can override the decisions of the head.
The digital age, with its transparency and innovation, has declared war on
the heart. Search engines and user reviews are adding a level of transparency
that’s starching much of the emotion from purchase decisions. Google and
Amazon have signaled the end of the brand era, as consumers are less apt to
defer to emotion when god (Google) or his cousin (Amazon) tell you to not
be stupid and buy Amazon-branded batteries (a third of all batteries sold on
the internet) vs. Duracell. The consumer packaged goods (CPG) sector,
which may be the largest consumer sector in the world, was built on the
heart-to-purchase relationship. In 2015, 90 percent of CPG brands lost share,
and two-thirds experienced revenue declines.
“A Tough Road to Growth: The 2015 Mid-Year Review: How the Top 100 CPG Brands
Performed.” Catalina Marketing.
What’s a brand without scale to do? Either die or move further south to an
even less rational organ.
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