- Dan Hearnshaw /
- Opinion /
- 08-02-24 /
- SHARE
Is entertainment the answer to advertising’s profit vs purpose dichotomy?
In a world driven by numbers, bottom lines and shareholders, it’s easy for brands to lose sight of purpose. However the choice between profitability and purpose needn’t be binary, as these brands prove. And guess what? Entertainment is at the crux of it.
Re-Imagining Brand Building Through Profitable Purpose
Traditional brand building has always revolved around creating a strong identity and a compelling story. But in today’s climate, consumers are demanding more from brands. They need to integrate profitable purpose into every aspect of their business. This means aligning their values with those of their audience and leveraging their resources to address critical social and environmental challenges.
Incorporating profitable purpose into brand building isn’t just a trend; it’s a necessity. Consumers are increasingly demanding that brands take a stand on important issues and actively contribute to the greater good. After all, research tells us that the brands refusing to take a stance on political and social matters, are those first to be culled – even among their most loyal customers.
Purpose Can’t Sacrifice Personality
What we’re not talking about, is adopting authenticity as a branding concept. Brands can – and should – stand by the kind of storytelling that sparks genuine intrigue among their audience. What we are talking about, is integrating a well-defined purpose into your creative strategy. Liquid Death do it well. Operating out of a globally saturated and overtly branded space, they have no right to have a foothold among water’s big players. But they do. And that’s because their raison d’être – saving the planet – is told in the most entertaining, unexpected, death-metal way. Sustainability ≠ minimalistic, sans-serif barrenness. Purpose is the driver; personality is the differentiator.
Purpose Driven Narrative
A brand story becomes far more compelling when the customer plays the main character. And in truth, flagging the negative impact of the alternative can be extremely effective when levelling with your audience emotionally, and in equal measure, educates the customer on the value of your purpose-driven option.
Asics’ Mind Race campaign illustrates this point well. Challenging the conventional approach to sportswear marketing, Asics encouraged athletes to refrain from physical activity for a week. This unique initiative aimed to provide valuable insights into how the absence of movement affects mental well-being. The study revealed that just 15 minutes and 9 seconds of physical activity can trigger a positive mental response. Ultimately, when we don’t move, our mind races. Tidy job on the copy too.
When brands align their purpose with their marketing efforts, they create a sense of purposeful community around their products or services. This community becomes a powerful force for spreading the brand’s message and driving positive change. It’s not just about selling a product; it’s about creating a movement that inspires and empowers individuals to take action.
Why Transparency is the Key to Profitability and Purpose
In today’s hyperconnected world, consumers demand transparency from the brands they support. They want to know where their products come from, how they’re made, and what impact they have on the world. Brands that embrace transparency not only build trust with their customers but also create accountability for their actions. Transparency isn’t just a buzzword; it is a fundamental shift in the way businesses operate. It is about being open and honest about every aspect of the business, from sourcing materials to labour practices. By being transparent, brands can showcase their commitment to ethical and sustainable practices, giving consumers the confidence that they are making responsible choices.
Although met with a mixed response, Apple’s Mother Nature campaign deployed this tactic well. The campaign not only identifies flaws in their current operations, but also pledges to update the materials across their entire product portfolio by 2030. A campaign born from purpose, communicated through sharp creative. Aside from Tim Cook’s dodgy cameo.
The Future of Profitability and Purpose
Profitability and purpose are not mutually exclusive; in fact, they can be complementary drivers of success. When a brand aligns its purpose with its business model, it creates a unique value proposition that resonates with consumers. Today’s most successful brands understand that by embracing their purpose and leveraging it to drive profitability, they can create a positive change in the world while also thriving financially.
As a certified B-Corp, we understand the purpose vs profitability dichotomy. We work with brands who face the same challenges that we do. And we pride ourselves on fresh perspectives and cut-through creative. Get in touch today to see how we can work together.