American small business owners, I have great news! According to a new Gallup poll, small business is the institution with the highest confidence rating, 68%, in the United States. There is a perception that because your business is small, the interactions will be more personal, more of a first-degree connection, and that they know who their dollars are benefiting. So, how can you capitalize on this? Establishing trust between your business and the consumer is an essential business function. These days, brand loyalty relies on trust. You need the proper marketing, business practices, and strategy. What Do Consumers Value In a Business? Let's view statistics about how trust affects a company's success:
Note that word-of-mouth is a crucial business driver, even online. Trust Leads To Loyal Customers Trust is “a psychological state comprising the intention to accept vulnerability based upon positive expectations of the intentions or behavior of another.” Of course, as a small business owner, you need customers to trust you, but you must reflect that you trust them back. Humans tend to value what others think of them and cooperate with people who trust them. When strangers show trust toward each other, their brains release social signals that cause a temporary attachment to each other. So, consider whether or not you display trust in your target audience and consumers. Are you accidentally doing anything that shows distrust in your customers? Consider how trust influences your purchasing decisions and use that for inspiration. Consider marketing with emotional content. Pringle and Field did a study in which they found that advertising campaigns with purely emotional content performed twice as well as those with strictly rational content. The purely emotional content also did five percent better than mixed emotional and rational content. There are some other business methods to try:
So, let us establish trust through marketing for YOUR small business. Call STS Media, Marketing & Consulting Agency at 616-881-3753 or fill out our contact form to get in touch. Prepare to have more loyal customers!
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