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Storytelling In Marketing:
Why It's Important & What Is The ROI?
Welcome to this comprehensive how-to guide to storytelling in marketing. What is brand storytelling, what are the elements for success, what is the ROI and some real life examples and inspiration!
By Bart De Pelsmaeker
What is brand storytelling?
If storytelling is the sharing of events through words and images for the purpose of education and entertainment, then brand storytelling is exactly that, as it relates to your brand.

Why is it important?
We are living in an age of go, go, go and bigger-better-faster, swimming against the ferocious tide in a sea of noisy, subpar content. Brand storytelling is the buoy that will keep your brand afloat while others slowly sink around you.
Don't you mean content marketing?
Just as every square is a rectangle but not every rectangle is a square, all brand storytelling is content marketing but not all content marketing is storytelling for marketing. Brand storytelling is a specific type of content marketing that draws us in emotionally.
Storytelling in marketing is vital to the success of your brand because of the connection-­building power it contains. Powerful connections = loyalty and trust, two things you cannot buy, but have everything to do with the livelihood of your brand and ROI. Our guide to storytelling marketing is a comprehensive “how to” for telling your brand’s stories. From the “why’s” of its importance to the discovery of best strategies, our brand storytelling guide provides you with the tools to create an exciting experience for your audience.
Good stories are memorable. We identify with them and the characters in them. Good stories affect us emotionally. They make us part of the story and so we can’t help but share with others. They make us believers, and many, brand advocates.  The question, then, is how does this advocacy influence the bottom line? Here are a few great examples demonstrating the ROI of brand storytelling.
Research from co:collective looked at the impact of brand storytelling on the financial performance of 42 publically traded companies.  They found brand storytelling to have a significantly greater impact on brand engagement than traditional advertising. This higher level of engagement lead to increased ROI. Here are a few highlights, as demonstrated by Type A Communications:  In 2011, when comparing the number of social media mentions for traditional branding/advertising messages vs storytelling, the latter approach garnered 1900 percent more mentionsOf those, storytelling prompted 10 percent more positive mentions These companies spent almost two-thirds less on paid media per dollar of revenue From 2008-2013, these companies experienced almost double the number of social media mentions compared with traditional branding/advertising approaches Their annualized revenue growth rate from 2007-2011 was 70 percent higher. And their annualized share price growth was 227 percent higher.
A study by co:collective
The Inspiring Case of BURBERRY
Since 2008, Burberry has moved away from traditional campaign tactics in favor of brand storytelling, and its stock prices have risen more than 750 percent as a result (Fast Company). Christopher Bailey, Burberry’s chief creative officer and CEO says,

“Everything has a story — your clothes, buildings, videos, music. I think it’s important people go along with this journey otherwise it becomes a faceless product.”

He adds, “It’s all about touching people emotionally. . .language doesn’t matter — no matter where you are from, when you do something properly, people respond to that. It always surprises me how many people discover Burberry through our music projects for example. It’s important to keep innovating with your product and keep telling different stories with it.”(Sproutworth)
Burberry’s interactive brand storytelling
The surprising experiment revealing a 2700% price increase
Significant Objects was an experiment demonstrating the objective measurability of brand storytelling on an object’s value.
The experiment was created by Rob Walker and Joshua Glenn as a literary and anthropological experiment to measure the subjective, objectively. Walker and Glenn bought items at garage sales, flea markets, etc., and took them back to their team of writers where they created compelling, impactful stories about each item and then re-sold them (with the added story) auction-style on sites like eBay.  The difference between the original purchase price and the resale (story) price is what served as the objective measurement on how stories affect ROI.  Pretty cool. And the results? Even better.  The average price for an original object in the experiment was $1.29. The average resale storytelling price was… (wait for it) … $36.12. That’s an increase of 2,700 percent! One of their most significant sales was a snow globe that was purchased for one dollar and later sold for $59. 

Stories are such a powerful driver that their effect on any given [product's] subjective value can be measured objectively,”
- Joshua Glenn and Rob Walker
How TIFFANY & Co made 'love' their brand
When Tiffany & Co. masterminded the brand storytelling campaign, “What Makes Love True,” they were not marketing any specific products. Rather, the campaign was designed to give Tiffany & Co. “ownership” on true love, which was geared towards increasing company value and perception.  The brand created a microsite that allowed people to type a love message for their significant other and watch it appear in on a geo-location map. In less than a month, Tiffany’s stock prices had risen $10/share (Fast Company). The company later introduced a social media element that allowed people to submit photos via Instagram with the hashtag #TrueLovePictures and on Twitter with #WhatMakesLoveTrue. Within months, there were thousands of shared photos, the top 10 amassing nearly 150,000 likes (Sproutworth).
Tiffany & Co’s “What Makes Love True” campaign
How To Create Brand Stories With Amazing ROI
Give Distribution Power To Your Story
So you've found your brand story or stories, and the next step is to share them. Start by writing them down - as you would with any of our marketing assets - and keep them handy for easy sharing and educating about your brand.  Your brand story should touch all points of communication where your customers can learn more about your brand, from social media and marketing content to PR and events, so it’s critical that you are adequately prepared. That means verifying details and gathering information like dates, quotes, anecdotes, and names of key executives (writtent).  Here are some tips for sharing your brand story.
More Superb Business Storytelling Examples
Tell Stories #LikeAGirl
The P&G brand did a fantastic job with this inspiring and empowering storytelling campaign. The video has received 80 million views worldwide (Adweek) and was ranked the top digital campaign of the Super Bowl based on an analysis of mentions on a variety of social networks and Internet platforms.
The Always #LikeAGirl Campaign
The true power of social media is found when it collides with great brand storytelling. Can you avoid the collision and still find value in each? Sure, but in the end, it’s the combination that will show you the biggest return. #LikeAGirl shows brilliantly how to use social media to power your brand storytelling, and vice versa.
How The Story Ends
We hope you've enjoyed reading our guide to brand storytelling and that you’re siked to start communicating your stories and connecting with your fans. With any luck this guide has unearthed some of those untapped brand stories, and you’re already thinking up awesome ideas. Remember to utilize the techniques for brilliant brand storytelling and take advantage of the social media component.Best wishes for your brand storytelling — we can’t wait to see what you’ll come up with.
The ROI Of Storytelling In Marketing
Great storytelling is an experience
Stories fascinate. Facts bore. Yes, facts are important, but stories make us care, and when we care, we respond.
We all have stories to tell. Select some.
    Every brand has not just one, but multiple stories to tell. Every achievement, from the conception of your brand idea to the direction in which you are headed, contains stories. Here are just a few starting points: What is the story of how your company started?
    How does your brand impact people’s lives?
    What is the story of your brand’s core values and beliefs?
    What is the story behind your product?
How fast will you get results?
While we know that business storytelling can create increased wealth for brands, it is important to understand that brand storytelling is a long term strategy. In other words, returns are not immediate. If you want immediate returns for your marketing and communications budget then buy paid media (Accelerate Influence). Brand storytelling is not about immediate returns and is more about brand building than conversions, though this is not to say that it won’t influence them, just not immediately.
Consider the results from “Content Matters,” a research report by WE Worldwide to better understand the relationship between brand storytelling and ROI. The study found that branded storytelling (through social media) can create a measurable impact on your bottom line and drive significant increases in advocacy.  The company’s research showed that digital consumers who were highly exposed to branded content through social media can spend up to 257 percent more at the point of purchase and can be up to 90 percent more likely to recommend a brand to a friend, family member or colleague. This is great news, as peer recommendations are the most trusted and influential for consumers.
The emotional Opel Tigra Story
We picked up a similar story originally featured in the German Huffington Post. A young man had an old Opel Tigra (actual photo above) manufactured in 1997 and wanted to sell it on Ebay. Instead of simply stating the basics, as most people do, the guy used the description space to tell a story.
A blog post by The Social M’s translates the man’s story, which was about his pregnant girlfriend insisting on his selling the car because it is too small for a family; his “Too Fast and Too Furious” encounter with the police at age 18; and the downsides of the car: the engine that makes funny noises, the worn leather seats, the fact that you cannot read the clock or the temperature – “but who needs that anyway, we all know how cold it is in good old Germany!”  He writes about his relationship with his father and his friend who advises him to sell the car to a hobby car enthusiast as it is neither new or very good. “It is a long, very personal and entertaining story,” writes Susanna Gebauer, who translated the story. It was picked up on several other German news sites as well.  “Rarely has an auction of an old car on Ebay gotten more attention since that VW Golf, which originally belonged to Pope Ratzinger and sold for almost 190 thousand Euros,” Gebauer continues. P.S. That’s around $216,177 US dollars today.  Research shows that a car like this normally costs between $340 (300€) to $1,140 (1000€). That being said, $2,275 (2000€) would have been a pretty good price.  Considering the car had no famous former owners or any other extras apart from a great story, it can be concluded that every cent over was due to the great story told. The auction finished with an incredible amount of $63,432 (55750€). The story included around 3200 words, which sums up to an ROI of almost $20 (17€) per word.
Studies show that companies driven by a strong purpose, particularly a good brand story, grow their revenue four times faster, create seven times more jobs, and increase stock prices 12 times faster (Type A Communications). Now that you have seen some real life examples, let’s talk about how you, too, can ensure a return on your brand storytelling. Here are some important considerations to make when building out your strategy:
This is not as obvious as it sounds, just bear with us. Robert Davis, Executive Director, Content Marketing & Advanced Video Practice at Ogilvy PR once said, “ROI must be built into the creation of your story” (The DMA)  While you can’t use a mathematical equation to create a good brand story, Davis reminds us that ROI should be considered from the very start. This means knowing where your story fits in the overall content marketing plan, defining your goals and objectives, knowing your KPIs and how you will measure success. Davis says:
You need to know up front where a piece of content goes in the marketing/sales funnel (which can range from awareness to loyalty), what are you trying to say, where it’s going to run, and how you will measure it. Make sure every asset is created with a specific role in the funnel, and assign a KPI to every asset.”
The PLAN
While a high ROI can’t be guaranteed, it can be achieved through a carefully crafted and well thought out strategy.
This goes along with the previous point and is something that has always worked well for us. Strategizing can be a long and grueling process, but if you can figure out where you want to end up, then getting back to the start is like filling in missing pieces of the puzzle. Sometimes you have to imagine the bigger picture to make the small stuff really count.  Jay Baer, President of Convince & Convert, said,
Essentially, you should be turning your content creation process upside down. Worry less about what content you can create and which stories you can tell, and worry more about how you want to turn content consumption into leads, sales, and advocacy.”
Work backwards
A clear destination can actually inform your brand stories and lead to a much more focused point of view. Ask yourself, “What is the desired outcome?”
Leonardo Da Vinci was both a great artist and scientist, and if he were around today, he’d be a great storyteller, too. Approach your brand storytelling like Da Vinci. Allow the humanity and emotions to flow freely, but not so far away that you can’t reel it in, break it down, and measure the impact.  Numbers are important, but they are not what makes a good story, or else you’d just end up with a quota of words and images arranged with no regard to creativity, individuality, or emotion — the main driver of consumer decisions.  We are all fixated on numbers, but it’s human-to-human connections that are the heart of marketing. Brand storytelling is a technique that can reinforce those connections (Quicksprout).
Use your head and your heart, Da Vinci style
Your brand stories don’t always have to be about you; in fact, the majority of them shouldn’t be. Brands have many stories and the most powerful ones are often customer success stories. Over time, these stories build a solid foundation of trust around your brand. Ekaterina Walter, bestselling author and Co-founder/CMO of Branderati, affirms, “Advocacy, done right, becomes true influence. And influence is what impacts behaviors. Because the ultimate goal of marketing is to not just to tell a great story, but to tell a story that would make people want to get to know a brand and buy the product.” (MackCollier)
Build advocacy through human success stories
People love to talk about themselves, so don't be afraid to get personal with your audience (to an extent of course -- don't be intrusive). Not only will people share their stories and experiences with you, but they will love that you care.  According to Bazaarvoice, 64 percent of millennials and 53 percent of baby boomers want more options to share their opinions about brands, while other studies show that consumers trust UGC (user generated content) more than all other forms of media (HubSpot).  Get creative with your approach and consider a UGC campaign.
Engage through curiosity
One of our favorite examples is Starbucks' White Cup contest, which prompted 4,000 customers to submit entries over the course of three weeks (that's alotta coffee).
Can brand storytelling deliver a high ROI? Yes, it can — through thoughtful strategy that factors in ROI from the start. Use your head and your heart, and allow the relationship between your brand’s goals and your user’s desires flourish.  Returns can be slow, but don’t let that discourage you. Remember: Rome wasn’t built in a day — neither are great brands.
Conclusion
Even the best brand stories need matched delivery. This includes voice, tone, wording, language, style, and imagery among other things. Good storytelling captures attention, draws people in, keeps them engaged, and builds a bond between listener and teller. Show your story; don’t just tell it. Learn how to set the stage, create a mood, appeal to the senses, and use a hook ending that keeps the listeners wanting more (Amanda Lewan).
Match the delivery to your story
Make sure that your employees are invested in the story and carry it with them both online and off. Employees are perhaps your biggest brand advocates and are crucial to communicating with customers. Consider them a mouthpiece for sharing your story, but more than that, they should understand why the story is so important and how it will help the success of your brand (small business pr). This education is key to consistency and, ultimately, the virality of your brand story.
Empower your employees and customers
It's important to remember that your customers are not just transactions but real, living, breathing human beings who crave connectivity with others (note: other humans, not corporations). So show your humanity! But first, do your research.  Find out which platforms your customers like to hang out on and how they engage. More than just research, actually talk to them. Find out their favorite networks, the brands they're following, who they're interacting with and what manner. Why are they on social media in the first place? What do they value most from the brands they follow?  CEO/Founder of TheBuzzPlant, Bob Hutchins, says that everyone in your target audience has, “a desire to share and connect. But where they go for this end can vary greatly. Do your research!”Just as companies continue to grow, so do stories. Continue to add relevant and up-to-date anecdotes for context, and “freshness.”
Research Where Your Audience Is
The thing about stories is that they keep on going and keep on telling. Best of all, they continue to connect with listeners. Only this can't happen if you get so stuck in your story that you never go back to it. Neil Patel writes:
Keep on telling the story
A story is the framework for a business’s life. The story shouldn’t create a trap, but serve as a catalyst. Some brands get so caught up in their story, that they neglect the value of their present activation."
Just as companies continue to grow, so do stories. Continue to add relevant and up-to-date anecdotes for context, and “freshness.”
Remember what we said about user-generated content? GoPro encourages its social media followers to submit their best GoPro photos and videos for the chance to be featured in the brand’s photo/video of the day, many of which get posted across multiple accounts. To further entice fans to submit, the winners earn 50% off two items at its online store.
User-Generated Content With GoPro
General Electric posted this captivating brand storytelling image to its Instagram account to drive traffic to its YouTube channel, just one of its amazingly successful social accounts. GE’s social presence shows that no matter what industry you’re in, there's always a story. It's all what you make of it.
Captivating 'History' Content With General Electric
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