Accessibility is one of the five drivers of customer brand
insistence in our proprietary BrandInsistence brand equity measurement
system. How does accessibility
contribute to customer brand insistence? First, accessible brands insure that
brand preference is converted into brand purchase. Why wouldn’t I purchase my
preferred brand if it were completely accessible to me? If it were
inaccessible, I might purchase a substitute product or brand or perhaps nothing
at all. But I am getting ahead of myself. First let’s define accessibility.
Accessible brands are brands that are easy to find, purchase and use.
What makes something accessible? Distribution. When a brand
has broader distribution, it not only increases its accessibility, it also
increases its awareness, one of the other five drivers of customer brand
insistence. So increased distribution can increase customer brand insistence in
two ways.
If a brand is ubiquitous, there is no excuse not to purchase
it if it is your favorite brand. McDonalds, KFC and HSBC strive to be
ubiquitous worldwide. One of the key
pillars of Coca-Cola’s success is distribution. It talks about pervasive
penetration and being within an arm’s reach of desire. And, at least in my town, Dunkin' Donuts seems
to be opening locations every few blocks, competing with Starbucks for
ubiquity. Hallmark’s closing stores
around the country certainly demonstrates that it is in trouble.
The Internet is changing the importance of physical
distribution a bit because it enables people to research and purchase products
24/7 from the comfort of their homes. This works better in some categories than
others. For example, physical distribution is still important for many articles
of clothing because unless you can try the clothes on and see how they fit,
look and feel on you, you don’t really know if you want them. Online retailers
have innovated many approaches to overcome this limitation, but it is still a
limitation.
But, what other than distribution can increase
accessibility? If you think about the two most important scarce resources in
people’s lives, they tend to be time and money. So anything that takes less
time or costs less money increases accessibility. A somewhat counterintuitive
corollary of this is that if you can make the experience more interesting,
educational, entertaining, exciting, nurturing or otherwise positive, often
people won’t mind spending more time. The same thing goes for money. If the
higher price is a signal of social status or good taste or some other positive
self-expressive quality, a person may not be as put off by the higher prices.
Time and money also relate to the value brand insistence
driver. Value has a numerator and a denominator. In the numerator are all of a
brand’s benefits – functional, emotional, experiential and self-expressive
together with the values it shares with its customers. In the denominator is how much time, money and
perceived effort it takes to purchase and use the brand.
High prices can make brands inaccessible to many people. For
instance, not everyone can purchase a Tesla automobile. And even fewer people
are able to purchase a Maserati or a Bugatti.
I often use the example of choosing a college or university
to illustrate the concept of brand accessibility. If a high school student has
a strong preference for a specific college, but that college does not accept
him, what is that brand’s accessibility to him? How about if the college puts
him on the waiting list? Or, if the college defers his admission for a year?
What if he is accepted to the college but, after financial aid, that college
will cost him ten thousand dollars more a year than the other colleges to which
he got accepted? So price (or cost to
the customer) affects brand value and can affect brand accessibility too.
Limited store hours, nearby road construction, overcrowded
parking lots, exceedingly long lines or only accepting cash as a form of
payment can also reduce accessibility.
Accessibility helps brands grow through increased sales to
existing customers and acquisition of new customers. Research has shown that
larger brands have many advantages, even beyond the economies of scale and
network effects. They have greater awareness, market penetration, popularity, and
perhaps surprisingly, customer loyalty.
Even brands that have exclusivity as part of their mystique
must be accessible in some way to their target markets. For these high-end products and brands, price
may be the best accessibility limiter. Price will be an issue for most people
but not for the target customers. However, there still needs to be some sort of
easy distribution method. The Internet is one option. Rodeo Drive (CA), The Mall at Short
Hills (NJ) and other upscale shopping districts and centers is another.
But how about selling the products at polo matches, equestrian events, yacht
races and other targeted events.
Hopefully, this has shown that accessibility is an important
driver of customer brand insistence. The other two drivers I mentioned in this
article are awareness and value. The two brand insistence drivers that I did
not mention (until now) are relevant differentiation and emotional connection.
But, I will talk more about those in other blog posts.
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