{"id":134,"date":"2010-07-18T15:11:13","date_gmt":"2010-07-18T15:11:13","guid":{"rendered":"http:\/\/www.wensmedia.com\/\/salesarchive\/permalink\/2010\/7\/18\/111113.html"},"modified":"2010-07-18T15:11:13","modified_gmt":"2010-07-18T15:11:13","slug":"the-value-of-warm-and-fuzzies","status":"publish","type":"post","link":"https:\/\/www.ensmediausa.com\/ens-on-sales\/uncategorized\/the-value-of-warm-and-fuzzies\/","title":{"rendered":"The Value of Warm and Fuzzies"},"content":{"rendered":"<p><b><span style=\"font-size: 18pt\"><font face=\"Tahoma\">The Value of Warm and Fuzzies<\/font><\/span><\/b><\/p>\n<div style=\"margin: 0in 0in 0pt\">&nbsp;<font face=\"Tahoma\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reading a lot of the consumer &lsquo;research&rsquo; these day<span style=\"color: black\">s,<\/span> you might draw the conclusion that branding is going the way of the dinosaur; that consumers only care about price and savings.<\/font><\/div>\n<div style=\"margin: 0in 0in 0pt\"><font face=\"Tahoma\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; But consider the following;<\/font><\/div>\n<div style=\"margin: 0in 0in 0pt\"><font face=\"Tahoma\">1.) Consumers are NOT fully aware of the complex mix of influences that consciously and subconsciously influence their value perceptions and purchase decisions.<\/font><\/div>\n<div style=\"margin: 0in 0in 0pt\"><font face=\"Tahoma\">2.) When asked in a &lsquo;survey&rsquo;, of course they&rsquo;re going to focus on price&hellip;.do you expect them to sa<span style=\"color: black\">y,<\/span> &ldquo;I&rsquo;d like to start paying more for everything&rdquo;?<\/font><\/div>\n<div style=\"margin: 0in 0in 0pt\"><font face=\"Tahoma\">3.) What if the price offered by business &lsquo;A&rsquo; is competitive with the price of business &lsquo;B&rsquo;? What&rsquo;s the tie-breaker consumers&rsquo; decision-making process defaults to?&nbsp;<\/font><\/div>\n<div style=\"margin: 0in 0in 0pt\"><font face=\"Tahoma\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; I would submit that in a fiercely competitive pricing<span style=\"color: black\"> environment, branding becomes the tie-breaker, making it more important than ever. It&rsquo;s those &lsquo;warm and fuzzies&rsquo; that can make the difference.<\/span><\/font><\/div>\n<div style=\"margin: 0in 0in 0pt\"><font face=\"Tahoma\"><span style=\"color: black\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Of course price is important today. And price comparisons are fast and easy to make by shopping or going online. It&rsquo;s not rocket<\/span> science for consumers to figure out which product or service is the cheapest. <\/font><\/div>\n<div style=\"margin: 0in 0in 0pt\"><font face=\"Tahoma\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Going to the next level and searching for all of the value and benefits a business offers is more complex and takes time consumers generally do not have.<\/font><\/div>\n<div style=\"margin: 0in 0in 0pt\"><font face=\"Tahoma\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; That&rsquo;s where branding kicks in. Over time your advertisers can talk about things like their good corporate citizenship, their &lsquo;green&rsquo; attributes, warranties and service to build their brand. None of these are substitutes for competitive pricing, but all can be the tie-breaker in a competitive price environment. <\/font><\/div>\n<div style=\"margin: 0in 0in 0pt\"><font face=\"Tahoma\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Are you defaulting to the easy<span style=\"color: black\">, &ldquo;we&rsquo;re the cheapest&rdquo; campaigns<\/span> for your clients, or are you building their brands in between the price events?&nbsp;&nbsp; <\/font><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Value of Warm and Fuzzies &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reading a lot of the consumer &lsquo;research&rsquo; these days, you might draw the conclusion that branding is going the way of the dinosaur; that consumers only care about price and savings. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; But consider the following; 1.) Consumers are NOT fully aware of the complex mix of influences [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-134","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Value of Warm and Fuzzies - ENS on Sales<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ensmediausa.com\/ens-on-sales\/uncategorized\/the-value-of-warm-and-fuzzies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Value of Warm and Fuzzies - ENS on Sales\" \/>\n<meta property=\"og:description\" content=\"The Value of Warm and Fuzzies &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reading a lot of the consumer &lsquo;research&rsquo; these days, you might draw the conclusion that branding is going the way of the dinosaur; that consumers only care about price and savings. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; But consider the following; 1.) 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