E116: Unlocking Your Brand’s Value by Selling Status and Identity

In this episode, Roger explores the powerful roles of status and identity in marketing, emphasizing how aligning products or services with a customer’s aspirational identity or desired status can drive business growth and engagement. He introduces the 'triad of buying categories'—relationships, health, and finances—which highlight the core areas where consumers seek solutions to pain or opportunities for growth. By identifying your business within these categories, Roger explains, you can refine your messaging and better connect with your target audience.

Roger also contrasts traditional marketing methods—focused on features, advantages, and benefits—with modern approaches that prioritize status and identity. Using real-world examples like Nike and Tom’s Shoes, he demonstrates how appealing to a consumer’s desire for status or reshaping their self-identity, particularly in industries like health and fitness, can lead to increased sales and loyalty. The episode concludes with actionable advice for leveraging these concepts to position your business effectively, urging listeners to help customers achieve their desired status or aspirational self-image.

 

Topics Include:

• Defining Status vs. Identity

• The Triad of Buying Categories

• The Evolutionary Basis of Status

• Marketing with Status

• Marketing with Identity

 

Let's Get Social: Connect with Roger and ThriveMore Brands

 

Check Out Roger’s Book: An Insider’s Guide to Business: Secrets From an Entrepreneur’s Playbook

 

Visit Us: ThriveMore Brands Website

 

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Produced By: Social Chameleon