Voyager Brand Value Model Exploration
https://www.kraabel.net/wp-content/uploads/2024/03/BRANDVALUE_MODEL-1024x683.jpg 1024 683 Michael Kraabel Michael Kraabel https://www.kraabel.net/wp-content/uploads/2024/03/BRANDVALUE_MODEL-1024x683.jpgIt’s time for us to move beyond the purpose-driven “why” framework and other brand models that focus exclusively on the customer in a static state. A new approach, focusing on “who” the customer becomes through engaging with the brand, emphasizing their aspirational identity and transformational journey, should be explored. This model shifts the focus from what the brand sells to the value it adds to the customer’s life, underlining how a brand contributes to the customer’s personal growth, identity, and aspirations.
The current generation of customers, shaped by digital innovation and a world of endless choices, demands more than just transactional relationships with their favorite brands. They seek meaningful connections and personalized experiences, with brands contributing to their personal growth and identity. This shift in customer demands highlights the importance of developing a new brand model—one inspired by proven past systems yet agile enough to recognize and adapt to change.
Focusing on the customer’s aspirational identity, this new model positions the brand as a partner in the customer’s journey of self-improvement and actualization. It emphasizes the emotional and psychological benefits of engaging with the brand, creating a deeper, more meaningful connection between the brand and the customer audience. This article introduces the Voyager Brand Value Model (VBVM), a conceptual framework designed to anchor brand value in the aspirational identity of the consumer. By shifting focus from the transactional to the transformational, VBVM positions brands as catalysts in the customer’s journey towards their ideal self.
Recognizing the limitations of traditional, static models, the VBVM redefines brand-customer interaction by focusing on who the customer becomes—their aspirational identity and growth journey. This model goes beyond mere transactions, driving brands to cultivate deeper, more personal relationships with consumers. It challenges brands to see themselves as partners in their customers’ narratives of self-improvement, acting as catalysts for personal growth, identity development, and the realization of aspirations. With its foundation in both historical brand strategies and contemporary adaptability, the VBVM presents a roadmap for brands to forge meaningful connections, ensuring relevance and resonance in a chaotic consumer environment.
The Voyager Brand Value Model (VBVM)
The Voyager Brand Value Model (VBVM) represents an evolution in brand management and customer engagement. It emphasizes not what the brand sells but rather who the customer becomes through their interaction with the brand. This new approach is a model for brands striving to foster deeper connections with their audiences, moving beyond transactional relationships to cultivate a journey of personal growth, identity, and aspiration.
At its heart, the VBVM is built on the principle that successful brands sell better versions of their customers. This principle pivots the brand’s focus towards the customer’s journey, catalyzed by the brand’s interaction. It’s a model that recognizes the evolving nature of consumer desires, emphasizing the necessity for brands to be architects of change in their customers’ lives. This model also recognizes that brands have an obligation to be a part of their customer’s journey – from the early stages of learning to advocacy and beyond. Download PDF.
Measuring Transformation
Understanding a brand’s impact on its customers is central to this concept. The VBVM introduces metrics to measure perceived identity changes, including self-reported measures of confidence and satisfaction. This quantifiable approach to gauging emotional and psychological shifts provides invaluable insights into the efficacy of brand strategies and their resonance with the target audience.
Insight, Promise, and Engagement
The model is structured around pivotal elements that guide the brand’s narrative and engagement strategies:
- Customer Insight: Understanding customers’ current desires, challenges, and identities lays the groundwork for positioning a brand as a catalyst for change.
- Brand Promise: At this stage, a brand articulates a clear, compelling promise of transformation, committing to aiding the customer in achieving their aspirational identity.
- Engagement Pathway: This outlines the journey of engagement, encompassing not just the purchase but the entire spectrum of experiences with the brand.
- Aspirational Identity: A vivid depiction of who the customer becomes due to their journey with the brand. This should reflect both the tangible and intangible benefits of the transformation.
Aspirational Identity: Who the Customer Becomes
Perhaps the most important aspect of the VBVM is its focus on the customer’s aspirational identity. It vividly depicts who the customer becomes as a result of their journey with the brand, reflecting both tangible and intangible benefits of the transformation. This section challenges brands to answer pivotal “Who” questions, compelling them to consider the deeper impact of their offerings on the customer’s evolution.
Implementing the Model
The VBVM offers a blueprint for bringing the brand transformation framework to life through narrative development, visual symbols, community building, and product/service alignment. It encourages brands to create stories that resonate, develop visuals that represent the transformational journey, foster communities of brand advocates, and ensure that offerings contribute directly to the promised transformation.
Transformative Engagement in Practice
This new brand model calls for brands to redefine engagement in a profoundly personal and aspirationally driven manner. It champions a holistic approach, viewing customers not as mere consumers but as individuals on a journey of self-discovery and growth. By aligning brand offerings with customers’ aspirational identities, brands can unlock levels of loyalty, advocacy, and emotional connection.
The Voyager Brand Value Model offers brands a roadmap to engage with customers. It showcases a future where brands and customers go on a journey together, creating narratives of growth, identity, and aspiration that resonate deeply and enduringly.
Brand Transformation Framework
Core Principle: Focus on the customer’s transformative journey, driven by the brand’s interaction. This principle is rooted in the belief that successful brands don’t just sell products or services; they sell better versions of their customers.
Visualization: Picture a metamorphosis cycle, starting with the customer’s current state, moving through the interaction with the brand, and culminating in the aspirational state or identity the customer achieves.
Key Components of the Model
Customer Insight: Deep understanding of the customer’s current desires, challenges, and identity. This insight lays the groundwork for how the brand can position itself as a catalyst for change.
Brand Promise: A clear, compelling promise of transformation. This is the brand’s commitment to helping the customer achieve their aspirational identity.
Engagement Pathway: The steps or interactions through which the brand facilitates the customer’s transformation. This includes not just the purchase but the entire experience of engaging with the brand.
Aspirational Identity: A vivid depiction of who the customer becomes as a result of their journey with the brand. This should reflect both the tangible and intangible benefits of the transformation.
Implementing the Model
Narrative Development: Create stories that illustrate the transformation customers undergo. Use real-life testimonials, hypothetical scenarios, or narratives that resonate with the target audience.
Visual Symbols: Develop symbols, icons, or visual motifs that represent the journey of transformation. These can be used across marketing materials to reinforce the brand’s role in facilitating customer growth.
Community Building: Foster a community of brand advocates who embody the aspirational identity. Encourage them to share their stories and experiences, creating a collective narrative around the brand’s metamorphic impact.
Product/Service Alignment: Ensure that every product or service offered by the brand directly contributes to the promised transformation. This alignment reinforces the brand’s commitment to its customers’ growth.
Evaluation and Evolution
Customer Feedback Loop: Regularly gather feedback to understand how well the brand is delivering on its promise of transformation. Use this feedback to refine and evolve the brand’s approach.
Identity Metrics: Develop metrics to measure the impact of the brand on customers’ perceived identity changes. This could include self-reported measures of confidence, satisfaction, or other relevant indicators of transformation.
Frequently Asked Questions:
How does VBVM differ from traditional brand models?
Answer: Traditional brand models often emphasize the “why” behind a brand—the purpose or the reason it exists. They focus on what the brand sells or the static state of the customer. VBVM shifts this perspective to concentrate on “who” the customer becomes through their interaction with the brand, spotlighting the aspirational identity and transformational journey of the customer. It’s a new, forward-looking approach that values brand engagement’s emotional and psychological benefits, aiming to create deeper, more meaningful connections with customers.
What makes the ‘Aspirational Identity’ aspect of VBVM unique?
Answer: The ‘Aspirational Identity’ aspect is revolutionary because it directly addresses the evolution the customer experiences as a result of their journey with the brand. Unlike models that focus solely on meeting immediate needs or desires, VBVM emphasizes the long-term impact on customers’ personal growth, identity, and aspirations. It encourages brands to contemplate and contribute to the customer’s future self, making the brand an integral part of their journey.
How can a brand measure the transformation it promises in VBVM?
Answer: VBVM introduces specific metrics to assess the brand’s impact on customers, focusing on perceived identity changes. This includes self-reported measures of confidence and satisfaction, among other relevant transformation indicators. By quantifying emotional and psychological shifts, brands can gain invaluable insights into the effectiveness of their strategies and how well they resonate with their target audience, enabling continuous refinement and evolution of their approach.
Can VBVM be applied across different industries and markets?
Answer: Yes, VBVM is designed to be versatile and adaptable across various industries and markets. Its core principles and focus on the customer’s aspirational identity make it relevant to any brand looking to foster deeper connections and support their customers’ journey of self-improvement. Whether it’s consumer goods, services, or digital platforms, VBVM can guide brands in creating value that goes beyond traditional transactional relationships, cultivating loyalty and emotional engagement.
What role does technology play in implementing VBVM?
Answer: Technology is pivotal in implementing VBVM, especially in gathering and analyzing customer feedback, measuring transformation, and facilitating engagement. Digital platforms, social media, and data analytics tools can provide brands with real-time insights into customer behavior and preferences, enabling personalized and predictive marketing strategies. Technology also supports the creation of engaging narratives, the development of visual symbols, and the fostering of online communities, all of which are crucial for bringing the brand transformation framework to life in the digital age.