Storytelling is one of the most prominent content marketing strategies that help you increase your retention rate. Storytelling, as we all have some idea, is about telling stories that help people understand an idea better. It is creative and impactful. However, when you mix marketing, that too marketing of an eCommerce platform and talk about incorporating storytelling, things start to get pretty serious. In today’s blog, we will be discussing storytelling in eCommerce, its importance, and some e-commerce storytelling tips for you to gain a competitive edge in the market. So, without any further ado, let’s get started.
Let’s Go By Definition
Storytelling is a sales tool that is based on telling effective stories that help you in getting the attention of your potential customers through emotions. It helps you gain your customer’s trust and allow you to become a preferred choice in the market.
Some of the factors that are positively affected by storytelling are:
- Sales
- Loyalty
- Brand Image
Here is how storytelling can impact your eCommerce platform.
Why Should You Invest Your Time And Money In Storytelling?
Storytelling is not something new for us. Humans have been telling stories for thousands of years, and we hold a very soft place for it in our hearts. Since early childhood, we have been told stories of princesses and dragons and kings or queens, and we felt an instant connection with them.
What changes when you incorporate a story into your brand is a similar effect to those stories. People start to feel attached to your brand and become loyal customers to you.
Of course, once they start interacting with your brand, you have to focus on crucial aspects of business operations to provide the best services, but the important thing is– you built a connection with the people you want to sell.
Here are a few examples of how you can use storytelling to impact your brand positioning.
1. Enhances Brand Value For Your Content
Brands are now focusing their marketing efforts on content marketing. And they are not getting disappointed at all. We live in the information age where people can gather the right information from multiple sources and experts from any part of the world. If you want to be looked up to like someone, they turn to.
Storytelling can help you propagate your image as an expert by instilling trust in the brand and creating more hype. People get excited when they have some genuine results to look at. Researching your audience and industry is going to help you in capturing people’s trust. You would have points on which you want your marketing strategy to play around.
The use of modern communication tools and content avenues such as graphics, videos, and stories is going to increase engagement to a certain level. A multi-tier approach can increase the size of your audience as well as the value of the brand.
2. Connection
A connection between a brand and customers is very important to establish. A prospect must feel excited about a brand and feel valued. Storytelling helps you achieve that. Stories help people get to know people that are similar to them and how they are positively impacted by your business. This subconscious impact makes people want to engage with your brand too.
Through your storytelling, you can touch people’s emotional cords. It would provide real-life context to the products and services and thus inspire people to want to know more. You can create a lasting impact on the people that wants to make them come to you for possible solutions.
3. Build A Strong Brand
Building a brand identity is one of the toughest marketing tasks. Especially when you are a small business, it becomes difficult to find your voice in a sea of businesses. Another reason thus for using storytelling is brand building.
A person that sees you making an impact in people’s life will have a totally another effect on their understanding of your brand. They would come to your website to know more about you, how you work and what makes you different in the competitive environment.
Think of your brand in terms of culture and values. Showcase them in your stories and what makes you so much different than your competitor. This alone is going to make a lot of difference in people’s life.
4. Drive Brand Loyalty
Brand loyalty comes from trust. Not a lot of brands understand it, but for this reason alone, they spend thousands of dollars each year to bring people back to their brand. But your interactions with prospects, if they are able to build a bridge of trust, would always prefer you over competitors.
Brand loyalty helps you in boosting your sales and reduces your marketing efforts. With the referrals, new leads are generated, and the same thing happens over time and time again. Ecommerce brands should work on building strong relations with their customers. Partly, it depends on their overall experience with you. Once you have a good story to showcase to the world, make them a part of your storytelling campaign. If people feel valued by your brand, it is going to make a lot of impacts.
5. Stand Out From The Competitors
An emotional connection with your brand can help you achieve a distinctive position in the market. A brand that is emotionally connected with its prospects would be more efficient in convincing people to buy their other chain of products and services. As people’s trust grows in a brand, more opportunities in the market grow for you as a business.
You get to outshine your competitors that are also doing the same thing but are not able to make people trust them. They would require more time to push the people towards conversion even when they are generating leads. As we know, lead generation is not the ultimate goal. It is just an opportunity.
What Should You Include In Your ECommerce Storytelling?
Now to build engaging stories for your brands, you need to know the structure of a story. A well-structured story would make a lot more impact on your brand than an unstructured one. So here are the parts that are a must-have in a story.
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