With the holiday season upon us, our focus turns to giving thanks and recognizing what we’re grateful for. And while gratitude certainly plays a vital role in our personal lives, it is just as important in business.
Gratitude can help your organization do many things. It can help humanize your brand and enable you to cultivate stronger relationships with your customers. It can help you build a more authentic customer experience that inspires loyalty, repeat purchases and referrals.
The problem? Finding genuine ways for your brand to express and cultivate gratitude is often easier said than done. Gratitude is often confused with one-off customer appreciation tactics and reward programs. If it’s not done right, it can come across as unauthentic and self-serving.
That’s why we’ll first explore what gratitude actually means and then consider ways you can adjust your approach to make a lasting impression on your customers and begin to build a more authentic customer experience.
True gratitude is more than customer appreciation
Gratitude in marketing is often thought of as synonymous with customer appreciation. But it’s deeper than that. By definition, Gratitude is “the quality of being thankful; readiness to show appreciation for and to return kindness.” It’s a reciprocal, continuous practice rather than a one-off action.
Appreciation, on the other hand, is defined as “Recognition and enjoyment of the good qualities of someone or something.”
See the difference?
It’s often assumed that organizations can show gratitude by simply doing nice things for customers, i.e. customer appreciation tactics like offering reward coupons, giving gifts or creating customer loyalty programs. While these tactics may drive more transactions, they won’t help you build loyalty and develop meaningful, long-term relationships with your customers.
Instead, driving gratitude starts with identifying and nurturing a shared purpose with your customers, and helping them share that purpose with others. Shared purpose is an idea that not only tells the world what your organization does, but why it matters. It persuades your customers not just to buy, but to believe. Shared purpose is not something you do for your customer, but rather with your customer.
And while true gratitude goes beyond coupons or reward programs, that’s not to say gratitude can’t offer an ROI benefit for your business.
Gratitude first, loyalty second
A recent Deloitte Digital study looks at three elements of connection between consumers and brands: rational considerations, emotional responses and shared values. The study found that rational influences like price and promotions are top of mind when consumers initially interact with brands. These same factors may also prompt the end of a brand relationship when people leave for rational reasons such as increased prices or poor-quality products.
Emotional responses, however, are what drives a customer’s relationship with a brand to continue beyond the initial interaction. They inspire brand loyalty, as well as advocacy. Across digital and in-person interactions with brands, today’s consumers seek contextual awareness, personalization and empathy. They expect two-way dialogue that grows over time, just as with a friend.
For brands this means listening to customers, expressing gratitude and providing authentic customer experiences that mirror the qualities of positive human relationships. When you do this first, brand loyalty and advocacy will naturally follow.