Warc, 18 July 2014
NEW YORK: SOL REPUBLIC, the headphone brand, believes
marketing based on "principles" will be crucial in winning over
millennials – and help it prosper in a category that has become increasingly
competitive.
"Principles are going to be what drives
marketing," Seth Combs, the firm's co-founder/cmo, told delegates at
Internet Week 2014. "You have to have some guiding some principles, and
you have to have a belief system."
One primary contributor to this shift is the unique
attitudes and preferences of millennials, a demographic that is the main target
audience for SOL REPUBLIC – especially as 53% own at least three pairs of
headphones.
"We're in an incredible day and age, because people
care about brands in different ways now," said Combs. "The millennial
generation is the first generation that is not inheriting their parents'
brands." (For more, including more tips on attracting millennials, read
Warc's exclusive report: SOL REPUBLIC builds a headphone brand with a purpose.)
Not only do members of this cohort actively recommend
products they care about, but they will be vocally critical of those not
meeting their approval.
"It's not even: 'I don't want to inherit your brand.'
It's: 'You're choosing the wrong brand, and this is what's right and this is
what's next'," Combs said.
Marketers looking to tap into the passions and beliefs of
this customer base must re-imagine the role of brands, he added, and ask
themselves a simple question with profound consequences: namely, "What do
I believe in?"
"And in order to actually make that work for you – in
order to foster that brand identity – you've got to start thinking differently;
you've got to starting thinking with different principles," Combs said.
SOL REPUBLIC has embodied its own mission in a corporate
philosophy that stretches to more than 150 words, and is centred upon the
notion of "changing the world … one listener at a time."
"We're crazy enough to believe we can change the world
one listener at a time because we know a couple of things. We know that if
music sounds better, it feels betters. And we also know this: there are only
two universal languages: mathematics and music," said Combs.
"So if we can get our headphones in the hands of music
fans all around the world, we can change the world one listener at a time."
Data sourced from Warc
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