How to Win Consumer Confidence in a Cynical Age

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Transcript of How to Win Consumer Confidence in a Cynical Age

Trust is the New Black

How to Win Consumer Confidence in a Cynical Age

Diana Verde Nieto 8th April 2014

DO YOU TRUST ME?

•  I founded a charity that builds schools •  I support Manchester United •  I pay all my bills on time •  I launched three businesses •  I’ve never finished a diet •  I never buy the Big Issue •  I’ve run six marathons

WHY DOES IT MATTER?

Trust = Money, honey

MILLENIALS BELIEVE THE PURPOSE OF BUSINESS IS TO:

THE CHALLENGES THAT FACE SOCIETY AND DEMAND THE ATTENTION OF BUSINESSES

Deloitte – The Millenial Survey 2014

(SOME) BRANDS ARE TRUSTWORTHY

•  Have a Social Mission •  Do Social Good •  Increase Social Impact •  Reduce Environmental Footprint •  Innovate •  Care about their communities (internal and

external) •  Improve people’s lives

DO YOUR CONSUMERS TRUST YOU?

70%  of  consumers  trust  brand  recommenda2ons  from  friends  –  only  10%  trust  adver2sing    

TRUST DON’T LIVE HERE ANYMORE…

16 ATTRIBUTES TO BUILD TRUST

THE TRUST FORMULA

ALLOWING YOUR CONSUMERS TO SAY ‘I TRUST YOU’

Imagine if you had a 3rd party certificate that allowed your consumers to tell you and everyone else that they trusted you…..

Technology is unlocking people’s sense of their own power and harnessing it for good

Diana@positiveluxury.com - + 44 203 582 3212

!www . p o s i t i v e l u x u r y . c o m !

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POS IT IV E LUXURY