This One's On Me

Nothing stands still for long in the world of marketing.
It's not so long ago that I was talking about the experience economy.
Now, it seems, we've shifted to the relationship economy.
Brands are looking for long-term engagement with audiences.
Relationship that don't just last a lifetime, but that will span generations too.
According to Tom LaForge, Global Director of Human and Cultural Insights at Coca Cola:
"The last thing we want to do in any relationship is transactionalise it".
I don't suppose that means he's going to be giving away Cokes from now on.
But I think he understands the fundamental issue at the heart of relationships based on any kind of exchange.
In the past I've described advertising as the friend who only ever calls when they need something.
"Can you lend me a tenner?"
"Can you pick me up from the airport?"
"Think you could write me a reference?"
Annoying, aren't they?
Experience marketing, on the other hand, is always in touch.
It wants to know how you're doing.
And it understands the difference between a conversation and a monologue.
The fact is, even the best relationships sometimes have a transactional side.
The key is to make sure that there's a quid pro quo at the heart of it.
This time, you're doing a favour.
Next time, like the song says, "They'll be there for you."
The best brands are happy to go Dutch.
Because they know that it all evens out in the end.