Have you seen The Customer Experience Factbook?

In this 180+ page report, you'll find all the information and support you need to build a profitable, effective CX Improvement Program that spans every part of your business. You'll be able to implement and manage meaningful and profitable change, and grow your bottom line despite a slowing economy.

Get it on Amazon (Kindle/Print)

Study ranks Top 50 US Brands by Emotional Connection

BMW, Disney and Marriott lead the emotional ranking

In its report, entitled Ranking Emotional Connection: A Look at 50 of the Top US Brands", the company analyzed over 250,000 US consumers and analyzed to what extent they were emotionally connected with major brands.

Each brand was given an Emotional Connection Score, which is a predictive metric that measures the degree to which a consumer connects their values, desires, and/or aspirations to a brand. The higher the score, the greater the percentage of customers that connect emotionally to that brand.

The top five emotionally connected brands in the US were determined to be:

1. BMW with a score of 60%,
2. Disney came second at 49%,
3. Marriott with a score of 48%,
4. Panera Bread (in the QSR category) with 46%, and
5. Wynn Resorts at 46%.

The commonality found amongst the top five is their relentless pursuit to deliver a consistent customer experience, motivating the precise emotions that determine a customer's behavior. Emotional Connection can be a used as a predictive driving force behind brand purchasing decisions and the long-term loyalty of consumers.

According to Motista, increasing a brand's emotionally connected consumers by 1%, on average, can equate to an increase in revenue of more than US$85 million, dependent upon the brand and industry concerned.

Yet, even with solid pricing structures and convenience strategies, Amazon and Walmart are not achieving strong results in Emotional Connection, with rankings of 18% and 17% respectively, which suggests they are also leaving potential sales revenue on the table.

Rounding out the bottom five brands ranked in this study:

• Tylenol and Wal-Mart (tied) had an Emotional Connection Score of 17%.
• Home Depot scored 15%.
• Chevron scored 12%.
• Overstock scored only 10%.

These findings illustrate how merchandising, convenience, and seemingly minimal cross-channel experience strategies for consumers have been commoditised.

"While retail and ecommerce brands comprise more than half of the brands ranked on this list, many of these companies still need to better target their emotionally connected customers and work to identify prospects with a predisposition for Emotional Connection in order to reach their full potential in revenue growth," said Michael Mathias, president of Motista. "These brands are missing the mark on identifying the precise emotions that align with the behaviours that drive the most profitable growth. If brands don't activate Emotional Connection, they will continue to lose the battle with larger online retailers like Amazon and Walmart."

Have you seen The Customer Experience Factbook?

In this 180+ page report, you'll find all the information and support you need to build a profitable, effective CX Improvement Program that spans every part of your business.

You'll be able to implement and manage meaningful and profitable change, and grow your bottom line despite a slowing economy. Grab this goldmine of easily adaptable and up-to-date strategies, walk-throughs, trends, technologies, research, suppliers and partners, plus all the supporting arguments you need to build a solid CX strategy.

While most marketers could list maybe a dozen key points for improving their brand's Customer Experience (CX), the researchers and writers at The Marketing Factbook have identified FORTY main 'CX Keys' which will help you drive your customers to new levels of delight, loyalty, advocacy and profitability.

The areas in which customers have direct contact with your organization are perhaps the most obvious places in which CX improvements can be made, and this report addresses all 24 of these 'Direct CX Keys', applicable to offline and online businesses alike.

At the same time there are many other areas that indirectly affect CX (such as the supply chain, policies and processes) in which every business can make simple but far-reaching improvements. This report guides you through the problems and solutions for all 16 of these 'Indirect CX Keys', many of which are often forgotten or under-played even in the best CX strategies.

Get it on Amazon (Kindle/Print)