As people spend 70% of their time away from their homes, they are in proximity to more experiential activations. Experiential activations are growing in popularity with Millennials. As their consumer influence grows in the market, so will the preference for experiential.
A study from EMI & Mosaic says, “75% of companies with event budgets between $50-100 million say they expect an ROI of more than 5:1 for live event and experiential programs” and “79% of brands said they planned to execute more event and experiential programs this year compared to last year.”
Despite rapid adoption of Experiential, there’s still plenty of room to take advantage as it only amounts to small portions of media budgets. That gives brands an opportunity to own experiential in their category, meaning a better share of voice than on typical, over-saturated media channels.
Experiential campaigns that “WOW!” audiences are all about presenting a brand’s bold, creative stance. Experiential creative gives participants a closer look at a brand’s image, messaging and personality.
Activations provide consistent short bursts of 1-on-1 engagement, yielding impressions that are deeper than static media. Experiential can be combined with other media for even better messaging and engagement.
Experiential marketing amplifies digital, social and mobile. An EventTrack report states, “98% of consumers create digital or social content at events and experiences.” Viewers of an activation become willing brand ambassadors who extend the life of the experience.
Digital specialists are advocating for deeper engagement as their number one target goal. The days of
more site traffic as the goal are long gone. Engagement with quality traffic can be achieved IRL via experiential activations.
In a world of increasing demand for attribution, Experiential reaches only humans, making it more authentic and real than many other strategies.
New data tools mean that Experiential marketing can be carefully crafted to attract and engage specific demographics. Experiential marketers know when and where events are happening, and how to reach those attendees to engage with them 1-on-1.
Experiences can deliver the right message, to the right audience, at the right time. Successful brands are constantly tweaking their brand experiences, refining at the hyper-local level where different strategies cater to different environments and audiences.
This article is adapted from an original post on the EMC Outdoor blog.