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Storytelling
March 21, 2013
“Why do you need stories?
Everyone needs stories
Adults watch the telly
When children go to bed
And fathers read the papers
And everyone likes movies
And mothers buy the magazines
To see what people said”
-The Land where Stories End, David Foster
At the product level:
In a world where consumers are overwhelmed with choices, products that want
to be noticed and adopted must be rooted in the why. Storytelling does so by
tapping into the product’s true value, revealing the interactions at every touch
point the consumer has with it.
At the brand level:
On a larger scale, marketers must also challenge the indifference of
consumers and give them a compelling reason as to why they should choose
their brand over the next. Without a guiding narrative weaving through a
brand’s content marketing efforts, its product or service will just be that, a
product or service, with no emotional connection to its customers.
The Value of Storytelling
What Stories Can Do
Stories are full of archetypes – patterns that are alive in the
collective unconscious of all societies
They help us express identity and a sense of belonging
within the world.
They connect with people
Stories tap into a collective conscious and rely shared
experiences
Through the sharing of experiences communities are
formed, creating a powerful sense of “Us.”
They bring people together
Great brands tell stories, and you’re likely to remember the
stories even if you don’t buy the product or service.
Stories that really connect with people live on, and they
achieve the most valuable thing there is – they are retold
They endure
Stories are the brain’s central learning and
reference system. We tell stories to make sense of
what we see and experience.
They provide meaning and context to what would
otherwise be a collection of easily forgettable facts.
They provide meaning
In an environment of such change & scale, storytelling
becomes incredibly important.
They stand out and get noticed
“Stories are the building blocks of human thought; they are
the way the brain organizes itself.” Dr. Mark Turner,
University of Maryland
Stories that are relatable or feel familiar tap into people’s
emotions, and can help them make sense of something.
They help us cope
Stories are uniquely able to move people’s hearts, minds,
feet and wallets.
They motivate
• Creates an immersive experience, allowing people to
feel they have experienced things they have only
actually seen or heard
• Allows the consumer to be part of it and interact
• Takes us on an emotional journey – appealing to our
wants, needs, desires – while at the same time telling us
about a product or service
• Uses multiple touch points to reach the consumer and
live with them day-to-day
• And a really good story makes such an impact that it
leads to action
A good story…
GE
Chrysler
Toms
Google Chrome
Storytelling gives marketers the opportunity to form real,
meaningful, human connections with consumers, to inspire
people to become genuinely involved with their brands, to
become authentically responsive to their participative
audiences, and to give consumers the powerful, lasting
sense that they have a level of ownership over the brand
itself.
There’s never been a more important time to be a great
storyteller and we’re in the enviable position of being
among the best storytellers in the world.
The End

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The Power of Storytelling

  • 2. “Why do you need stories? Everyone needs stories Adults watch the telly When children go to bed And fathers read the papers And everyone likes movies And mothers buy the magazines To see what people said” -The Land where Stories End, David Foster
  • 3. At the product level: In a world where consumers are overwhelmed with choices, products that want to be noticed and adopted must be rooted in the why. Storytelling does so by tapping into the product’s true value, revealing the interactions at every touch point the consumer has with it. At the brand level: On a larger scale, marketers must also challenge the indifference of consumers and give them a compelling reason as to why they should choose their brand over the next. Without a guiding narrative weaving through a brand’s content marketing efforts, its product or service will just be that, a product or service, with no emotional connection to its customers. The Value of Storytelling
  • 5. Stories are full of archetypes – patterns that are alive in the collective unconscious of all societies They help us express identity and a sense of belonging within the world. They connect with people
  • 6. Stories tap into a collective conscious and rely shared experiences Through the sharing of experiences communities are formed, creating a powerful sense of “Us.” They bring people together
  • 7. Great brands tell stories, and you’re likely to remember the stories even if you don’t buy the product or service. Stories that really connect with people live on, and they achieve the most valuable thing there is – they are retold They endure
  • 8. Stories are the brain’s central learning and reference system. We tell stories to make sense of what we see and experience. They provide meaning and context to what would otherwise be a collection of easily forgettable facts. They provide meaning
  • 9. In an environment of such change & scale, storytelling becomes incredibly important. They stand out and get noticed
  • 10. “Stories are the building blocks of human thought; they are the way the brain organizes itself.” Dr. Mark Turner, University of Maryland Stories that are relatable or feel familiar tap into people’s emotions, and can help them make sense of something. They help us cope
  • 11. Stories are uniquely able to move people’s hearts, minds, feet and wallets. They motivate
  • 12. • Creates an immersive experience, allowing people to feel they have experienced things they have only actually seen or heard • Allows the consumer to be part of it and interact • Takes us on an emotional journey – appealing to our wants, needs, desires – while at the same time telling us about a product or service • Uses multiple touch points to reach the consumer and live with them day-to-day • And a really good story makes such an impact that it leads to action A good story…
  • 13. GE
  • 15. Toms
  • 17. Storytelling gives marketers the opportunity to form real, meaningful, human connections with consumers, to inspire people to become genuinely involved with their brands, to become authentically responsive to their participative audiences, and to give consumers the powerful, lasting sense that they have a level of ownership over the brand itself. There’s never been a more important time to be a great storyteller and we’re in the enviable position of being among the best storytellers in the world. The End

Editor's Notes

  1. At its very core, marketing is storytelling. The best advertising campaigns take us on an emotional journey--appealing to our wants, needs and desires--while at the same time telling us about a product or service. The success of a brand isn't defined by a collection of isolated events, executions, or campaigns. Instead, it is determined by how well the brand endures over the long-term.
  2. At the product level: The founders of the website Significantobjects.com, a site devoted to quantifying the bottom-line power of story at a product level, say, "Stories are such a powerful driver…that their effect on any given [product's] subjective value can be measured objectively." The website is home to an experiment that goes like this: the founders buy thrift store, garage sale, and flea market products, always cheap, no more than a couple dollars at most. Then, they hire a writer to compose a fictional story about the product, imbuing it with heritage, history, and ostensibly, value. The once-valueless products, accompanied by their new stories, are then sold auction-style on eBay. The difference between the original purchase price and story price is recorded as the objective value of that story. The takeaway results for the first 100 products bought, storied, and then resold on eBay are poignant and telling. On average, the original product price was $1.29. But the average resale price after a story was added grew to a staggering $36.12. All in all, the experiment shows that even at a micro level, story can increase product value by a whopping 2,706 percent (or more, in the case of this snow globe). At the brand level: On June 1, 2011, Tiffany & Co. stock closed around $72 a share. Later that month, the brand launched its “What Makes Love True” brand story effort. The microsite--where users could check in, leave a love message for their significant other, and the message and a heart would appear on a Tiffany geo-location map--was not designed to sell jewelry, per se, and didn’t feature any Tiffany products. Rather, it was created and deployed with one, specific purpose in mind: to give Tiffany & Co. “ownership” of the story of true love. Tiffany wanted to solidify true love as its brand story, and through the What Makes Love True brand storytelling effort, it succeeded. In less than a month, its stock prices were closing more than $10 higher at around $83 a share. Source: “How to Sell a $1 Snow Globe for $59: The Real ROI of Brand Storytelling” Duke Greenhill http://www.fastcompany.com/3002804/how-sell-1-snow-globe-59-real-roi-brand-storytelling
  3. Stories connect with people, their thoughts, their perspectives/beliefs, their histories/backgrounds, their missions….
  4. When people come together around a brand they can help generate more conversation
  5. Authenticity has become an important aspect of internet marketing success. When you share personal stories and they have an impact on others, they want to share them. They link to your content, they discuss it on social networking sites and they forward your content to others.
  6. Our early ancestors created elaborate stories about various mythological gods to explain natural phenomena they couldn’t understand.
  7. We can no longer just publish content due to multiple screens, competing noise, etc
  8. Consider Steve Jobs who used sales presentations to tell the story behind a new product. His masterful storytelling motivated fans to rave about the products, creating valuable earned media.
  9. In order to put a face on its role in healthcare GE launched its “Healthymagination” campaign Although G.E. has traditionally used more business-oriented advertising media, the goal with this campaign was not necessarily to get viewers to buy or use G.E. devices, Its role in health care is technical: G.E. makes and sells medical devices, like machines that measure bone density and perform M.R.I. scans. But the advertising focuses on the personal. “In the past, we have always shown the hardware, and that’s great — it works on one level — but we wanted to make a point here that this was about better health for more people,”  Other elements of the digital campaign largely focus on “the ‘health spreading contagiously’ idea,” Mr. Schneider said, referring to the digital sharing of health-related ideas.
  10. Chrysler successfully channeled Detroit’s gritty image with its “Imported From Detroit” campaign The ads resonated strongly with Americans during the economic crisis Chrysler also partnered with a local band to celebrate all things Detroit Used social media to promote Imported from Detroit merchandise By centering their brand’s rejuvenation around their city’s own struggles Chrysler have been able to add a whole new dimension to their story online and give it a real heart
  11. The central ethos of Tom’s lies in the idea that for every pair purchased one is also donated to a child in need. The brand thrives on making their philanthropic story the heart of their company.  Their shoes are even based on the traditional Argentinian alpargata shoe style, the country where the TOMS movement first began. The company has developed an extension of this story online, with their One for One campaign. For example, they share donation stories on their YouTube channel, which has more than four million views. TOMS also uses its blog to explore how their movement is affecting real people throughout the world.
  12. Google Chrome’s “The Web Is What You Make Of It” campaign included a number of videos featuring the different ways people use the web to do amazing things. One such video, “Dear Sophie,” became the most successful video of the series (over 4 million views) Using compelling storytelling, the video showcased a father using Google products to keep a digital scrapbook of his daughter’s childhood. The video was so adorable it practically dared you not to share it. While this campaign wasn’t exclusive to YouTube (Sophie appeared in its own TV spot), its viral success proves how valuable brand storytelling on YouTube can be (at a much lower cost than a traditional television ad).