How to Build Brand Trust and Brand Equity with Consumers

Retail sales are dependent on trusted consumer relationships and brand loyal followers. The first data point is consumer trust. Brand trust is something that every online business must earn. You cannot buy consumer trust. It is about being trustworthy and demonstrating that over time. Established trust is the key factor when building consumer relationships at every stage in the buyer’s journey.

If you sell e-Commerce products, you’re selling trust.

what is brand trust?

Brand trust is the level of consumers’ expectation that a brand’s product, service, trustworthiness, and company behavior aligns with the promises the business has made.

Brand Trust is all about the Customer Experience

Two-thirds of life is about showing up. Be present where the consumer already is – and do so without the consumer feeling like they are being sold to. Potential buyers need to trust your business whether it is online or offline. Protect your brand and avoid a negative comment going viral on social. Identity user-generated content to switch from “this is why we believe we are great as a brand” to “how a user finds us great as a brand”.

Consumer trust exchange happens at every touchpoint across the customer journey. Your interactions with consumers should display consistency, frequency, and diversity to build a relational connection. This article will help you get over brand trust impediments. Where business leaders have the confidence to build brands, the mechanism of how brands are built and maintained can more forward.

The education task that we must embrace links directly to commercial performance. Brand trust is helped or hindered every day. Being successful involves innovation and attention to everyday communications and tasks.

Ways businesses daily communicate with their target audience:

Communication is so easy today, we may not always think of it when we’re speaking as a form of building trust. Search marketing specialists have multiple accessible ways to communicate; you should consider it part of your ongoing marketing and as part of building a sense of community within your client base.

How do You Build Brand Trust?

Key steps to evoking user trust exchange:

  • Be present for mobile users
  • Use natural language
  • Be transparent about user privacy
  • Research your audience needs
  • Remove friction about security concerns

Don’t just talk about your brand – rather look at a single customer view and manage expectations. Responses that focus on what the consumer meant with their questions and how your product benefits them. Brands need to trigger positive emotions, be engaging, be informative, distinctive, and memorable. Standing out in a crowded market niche is no small task.

Marketers must anticipate how brand awareness and trust factors are changing and adapt their efforts. You need an objective way to evaluate brand metrics in order to be successful in a new digital reality. You’ll make no other business investment that will last longer or get used more than your brand name. It affects your combined organic search and paid search marketing efforts. If an ad isn’t seen, it can’t have an impact, influence buyer perception, or build brand trust. That’s why measuring your brand’s viewability matters.

The 5 Best Ways to Build Consumer Trust

1. Be Present for Mobile Users

Speak to them mobile everyday moments – it is the little things that add up. Consumers want to know you before making a purchase. This means that your site must have a UX design and taxonomy for products that works for mobile advertising and engagement. It starts by simply being present on mobile, that is the same as saying you must show up fast enough or they leave. Brand trust and brand loyalty is heavily influenced by consumer involvement.

Encourage a culture of consumer reviews

Relationship are not static. One tap on a mobile device can mean a person leaves a genuine opinion by creating a Google review. Reviews can be the start of a communication. Even negative reviews provide businesses an opportunity to value consumer opinion. It can be a pivot to more consumer involvement and trigger genuine trust in your brand and the quality of your customer services. Follow-up on every form of customer feedback fast and at scale.

Being authentic and present involves consistently engaging with your customers on mobile. Should you ever make a mistake -and we all do – own it. Offer solutions, answers, and authentic storytelling. This engages your customers and helps build relationships, which ultimately builds trust. 8 out of 10 consumers mistrust brand ads; they trust their own network. And they are most likely engaging with that network all day from a mobile device.

Provide immediate answers

It is always easier to build recurring revenue streams that find and convert a new sales lead. Buyer trust usually originates from the voice of their family, friends, and other consumers versus your brand messages. This is the reason why consumer reviews are so important. What consumers have to say is your bedrock of future data-influenced decisions. Save time. They are easy market research. Gain a solid understanding of users’ questions, concerns, and overall needs. Make it easy for then to identify your areas of expertise and determine how you will provide them value.

Monitor how well your target audience trusts your brand by watching on relevant review sites, such as Google My Business, Yelp, Facebook, Trustpilot, or industry-specific review sources. You can track brand mentions and consumer conversations on social media with social media management tools like Hootsuite and SEMrush. The point is – you must show up on mobile!

“The struggle for brands to show up in these moments (the myriad of digital touchpoints in a buyer journey) — and influence purchase behavior — is real. We’re seeing organizations starting to adapt their talent, processes, and tools to deal with these levels of unprecedented complexity, but it’s one of the top challenges marketers tell me they face.”

 

“Machine learning algorithms can help you find and engage high-value customers who’ll drive growth for your brand.”- Jason Spero, VP of Global Performance Media at Google

Youur brand can use Artificial Intelligence to predictive the behavior behind consumer needs. This will empower you to drive and deliver truly authentic and mobile experiences that shoppers can relate to.

2. Use Natural Language to Establish Your Brand Voice

Google introduced its BERT update that addresses the current search ranking system last week. It favors natural language in content meant for consumer consumption. It quickly generated chatter within the SEO community about if SEO strategies need to change. That is not the intent behind BERT. It is easy to get focused on dollars and ROI because that is vital to our job. but it will help to write the best content for your users.

Often SEO professionals go with content with shorter head terms because they drive the most search volume. — rather than the typically in-depth conversational queries that BERT is devised for. BERT’s intention is to assist Google to better understand searchers’ intent when they search using natural language. Rather apply your attention to writing for your audiences, real people. Every team player who is involved in digital marketing needs to understand that any tiny aspect from color, tone, to a single word can make or break your marketing campaign. In sum, they establish your Business Voice and that is what consumers “hear” when your brand name surfaces.

Against the current backdrop of consumer skepticism, brands that build real trust have a remarkable advantage. If search engines recognize that your site visitors and consumers trust you, then you have earned GoogleBot’s trust. The technology giant cares that the people that they send to your site will not be disappointed. Your content needs to be in the natural language that the average consumer uses and easily relates to. Once you have Google’s trust, you can leverage it to build consumer confidence in your brand

Achieving authenticity and brand trust comes down to your company’s’ values, your business goals unrelated to profit, your local community culture, etc. All this shapes your brand’s unique and authentic voice. When you demonstrate that you care about others and giving back to your community, trust is born and nurtured. Be relatable and factual in your published content.

Are you writing code and content for humans or machines? Also, watch for fake news that may tarnish your brand trust. In the era of “fake news,” it more vital than ever that trust in the media has hit rock bottom in the United States. Buyers in the United States are trusting their peers less too, with fewer people believing the point of view of “someone like me.” Be consumer-centric across your entire enterprise. That means that everyone from your sales team to your content writers, and public speakers make it easy for others to relate to you by using natural language.

Consumer’s faith in your brand comes with the expectation that building trust is the number one job for CEOs, and that it’s more important than producing high-quality products and services. Google is trying to simplify life and search for people. The best brand nurturing tip is to do the same.

Use conversational text in your web content

If you take one thing away from this point, know that the language used in voice search isn’t the same as the language used in traditional desktop searches. Different searchers may be searching for essentially the same thing, but the manner in which they search is different. In search, Google is relying more on natural language processing (NLP)

  • On a desktop computer, most people use computer language.
  • When simply taking to activate a search, most people use human language.

Research indicates that voice-activated searches have longer tails, which points to the value of using long-tail keywords that best match conversational human speech. You can also use speakable markup with SpeakableSpecification to extend your brand reach. Where topical expertise is needed, hiring an expert in the subject is best.

3. Be Transparent about User Privacy

Respect user privacy and data collection concerns. Be open and honest in your privacy statement.

Improving your site’s security is one aspect of the development of your brand. First, make sure your customers feel safe when they shop with you. Have a clear privacy policy, empower site visitors to select their personal data collection levels, and ensure that all URLs are HTTPS.

Is your data platform selling to another advertiser? If so, the user deserves to know. Marketers have a sea of options to test and learn what impact using third party services means when it comes to users’ trust levels. Incentivize users to let you use their data to serve them better. Digital advertisers are losing “free end-user data” and need to evolve post GDPR and user transparency and privacy trends. Respecting user consensus builds brand trust.

Minimum viable products and blockchain need real application.

As information is distributed, the distributed nature of the network is best with the personal management of that data system. The main product here is transparency for industries. Everyone should see the same picture. Shoppers run when they feel “hooks” or pushed.

Because blockchain involves an exchange of finances, users need to trust how your brand uses technology. It affects your brand trust and how your advertising, especially if you’re an international retailer with a shopping cart that uses bitcoin payments. Storing user data and making records into blocks is highly secure but also too expensive for many.

Users interface with your brand simultaneously. Unification of your marketing approach can demonstrate respecting their privacy across every way that you engage with them offline and online. Technology is table stakes; it’s about real people. Know what makes people tick. This is the core of all marketing. We talk about data, but your website, email marketing, social media marketing, and advertising needs a differentiator that reaches your target consumer.

“71% of consumers worry about brands’ handling of personal data.” – Marketing Dive*

4. Research and Listen to your Audience Needs

The top value of marketing research is it let’s you know your consumers. Timely and continual market research helps you keep your pulse on your nich industry.

Tereza Litsa’s July 3, 2019 Why brands are losing consumer trust and how technology can help re-earn it article, informs us that “62% of the respondents have growing concerns about product experience”, and that “69% of the respondents have growing concerns about brands’ impact on society”. These statistis are wake-up calls to retailers. The content of your landing pages should closely align with search intent, be fast, and build confidence in your brand.

Research proves that consumers value three core things before trusting a brand:

  • Customer experience buying that product
  • Product experience after a purchase
  • How brand’s ad messaging and truth factors impact society

Winning consumer confidence takes effort. The work invested will set up apart. Desktop conversions are still important, but seek to boost your mobile user engagement metrics by embracing PWA’s and AMP today. Users will trust that you care about their experience if you focus on mobile – it’s where they are at.

Once brand trust is established, serious buyers proceed to the next steps of the sale, ongoing brand engagement, and advocating for your business. Litsa concludes that “a brand’s impact on society seems to be the most popular reason that consumers lose trust in a brand. Whether it’s the fact that a brand is silent over societal issues or they fail to address them in the most authentic way, it’s a deal-breaker for consumers who expect from brands to express their values”.

If studies are scarce in your niche that fully investigate brand trust and brand affect between the company and consumer relationship, do more research yourself.

5. Remove friction about security concerns

Online security has grown in its strategic importance on brand loyalty and building business credibility with consumers. Every new site now has to incorporate HTTPS to gain user trust, meaning the connection is encrypted between your browser and the server. Digital transformation has forced issues of identity verification and authentication. The future of eCommerce security involves rethinking digital identity for most brands.

Whether or not consumers trust a brand must now be prioritized as a key feature of every product containing software, regardless if its a purely digital product or a physical product containing software. Andrew Burt’s March 4, 2019, Cybersecurity Is Putting Customer Trust at the Center of Competition article says that “This makes trust both the most important aspect of any commercial interaction and the hardest to measure. If we don’t trust the maker, we simply don’t know what it is we’re getting. And because trust cannot be proven, it must be signaled — through branding, marketing, and more”.

Make sure your customers feel safe when they shop with you.

So how much weight should company’s place on brand trust?

What is Brand Equity and why is it Important?

To best implement that 5 steps to building your brand trust listed above, it helps to understand what “brand equity” is.

Brand Equity is the trust factor that shapes your brand value and helps to build brand trust. It is consumers the perceived value of your company over others selling similar products. The equity of your brand is critical to revenue because, if your brand has positive brand equity, your product prices and services can be more than other generic products or those for sale by your competitors. Brand-building goes beyond the marketing department and involves understanding the commercial value that your brand can bring.

What does all this mean for your brand?

To sum it up, buyers have issues if engaging your brand means:

  • 👉 They don’t feel safe on your site
  • 👉 Your content is too fluffy and comes across insencre
  • 👉 Doesn’t make sense to the way the make brand loyality decisions
  • 👉 They have selcom heard or you or you are hard to find
  • 👉 Your messages and interactions with them are not personalized
  • 👉 Not relevant and fails to match their search intent
  • 👉 Getting answers and information is behind a form

Implementing business type schema and other forms of product structured data will help your brand be found online.

The secret to high brand engagement and brand equity takes an on-going effort to build brand trust and authority. Your brand trust management strategies may benefit from revisiting them. It is important to track brand reach over time. Ask yourself how your brand is perceived. Make sure that consumers believe that your brand delivers to the bottom line. Brand investment needs a balanced approach to short-term and long-term objectives that can adjust to market pressures.

Brand Loyalty Boosts Lifetime Profits

A focus on driving brand loyalty and brand equity may help you keep marketing budgets in check.

Erica Sweeney’s February 7, 2019 Expectations around brand trust jump 250% year-over-year article announced study findings from the Brands Key Report. I discovered that “A loyalty increase of 7% can boost lifetime profits per customer by as much as 85%, and a loyalty increase of 3% can correlate to a 10% cost reduction, depending on the sector”. It finds that brands typically spend up to 11 times more on recruiting new clientele than retaining existing ones.

Customer-based brand equity in a technologically fast-paced, connected, and a constrained environment has become a necessary commodity. Obtaining buy-in and funding to support building brand trust is often the hardest aspect for digital marketers. “Trust has become the connective tissue between brands and loyalty,” according to Robert Passikoff, president of Brand Keys. So you can see why we believe that consumer-based brand equity is an area of investment should not be suppressed or delayed.

It means that conducting a consumer behavioral analysis may help you tweak your brand trust-building efforts. If you increase your brand’s trust factor, you can expect it will directly increase your search marketing reach to attract more shoppers.

Building a Personal Brand Equity Model

The overall consumer perception of your name and business brand may be different than you think. Building a personal brand starts with a brand equity model. It is critical to monitor negative brand equity and positive brand performance. Consumer perception is your brand lifeline. Consider if you move from one place of work to another. Your personal brand equity will follow you wherever you go in your career.

While 47 percent of buyers feel confident of a brand’s trustworthiness for its products alone, 55 percent report trusting a brand when it offers both a valuable product and treats its customers well, according to The 2019 Edelman Trust Barometer Special Report.

A positive brand experience is also established when a site visitor finds it informative, useful, and free of technical errors that may impede a positive shopping experience. This directly impacts your consumer brand equity.

”Despite consumers’ call for advocacy and brands to reflect their personal beliefs, brands are largely failing the trust test. Shockingly, just one-in-three respondents said that they trust most of the brands they buy and use.” –

“It is essential to understand that brand trust and brand effect is generated through consumers’ experiences with a brand. Consumers do not form any subjective perceptions about brands before consuming them. Therefore companies should focus on creating unique experiences between their consumers and brands. Companies can induce consumer experience with brands through the appropriate coordination of marketing communication elements such as advertising, price, packaging, symbols, logos, slogans, store location.” – Brand Trust and Brand Effect**

“Brand trust is a big deal for marketers in 2019. It’s time to be proactive about it. Your brand trust relies on what you say to your customers, how you say it, and how you prioritize their needs.” – Content Marketing Institute***

 

>CONCLUSION

Both B2B and B2C customers seek many of the same elements when they interact with brands. They look for professionalism, expertise, and trusted information before they proceed on their purchase journey. By following the guidelines in this article, you can build long-lasting brand trust and long-term relationships with your target customers that rival even the most profitable competitor.

Trust is a foundational attribute in buying consideration. People expect brands to keep their promises. You earn that trust by taking action that makes a difference. If you’re interested in exploring the process of building trust for your brand to build relationally with your consumers, Hil Web Marketing would love to help.

Call Jeannie Hill at 651-206-2410 and check out our Minneapolis Digital Marketing Serives

 

 

* https://www.marketingdive.com/news/71-of-consumers-worry-about-brands-handling-of-personal-data-study-finds/523417/

** http://www.isma.info/uploads/files/080-brand-trust-and-brand-affect–their-strategic-importance-on-brand-loyalty-.pdf

*** https://contentmarketinginstitute.com/2019/03/steps-brand-trust/



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