Trust is essential to success in today’s business world. It’s not enough to offer a terrific product or service. You need to back that offering with the type of high-quality brand experience people won’t find anywhere else. Doing so doesn’t just create customers — it creates advocates. It creates a legion of followers who are willing to champion your brand to their friends and family members, extending your reach farther than you ever could on your own. In order to achieve this, however, you need to focus on two key qualities: transparency and authenticity, especially in your marketing message.
What is Transparency in Marketing?
At its core, transparency means being truthful about your business at all times. Far too many business leaders believe that acknowledging problems or mistakes is akin to showing signs of weakness. As they see it, letting people know your business may be going through a rough patch is proof that blood is in the water and the sharks will soon begin to circle.
In reality, transparency is one of the best ways to establish yourself as a trusted brand. If you make a mistake, don’t attempt to sweep it under the rug. Instead, lean into it, take the heat, and use the experience to better your organization. From that regard, transparency isn’t a weakness at all. It’s a way to show your organization is run by human beings who sometimes make mistakes but who always care about their customers above all else.
Consider the recent surge in data breaches that have affected some of the biggest companies on the planet. There are commonly two types of reactions to these events. Some companies try to pretend like a data breach didn’t happen for as long as possible. This never ends well and only damages their reputation. Others step up, take full responsibility, and go to great lengths to do right by their customers. These are the companies that survive the PR disaster that a data breach represents.
Authenticity is Key
Gabe Newell is the co-founder and managing director of the Valve Corporation, a highly successful video game development and distribution platform. When asked about the early days of Valve and the major success it had with digital distribution when so many other platforms were faltering, Newell said the key was simple. “One of the things we learned pretty early on is don’t ever, ever try to lie to the Internet,” he said. “They will catch you. They will de-construct your spin. They will remember everything you ever say for eternity.”
Newell understood what so many others failed to: authenticity is no longer a recommendation for business professionals. It’s a requirement.
Building a following for your business is always a challenge, especially as new competitors crop up with each passing day. Transparency and authenticity are two of the most important resources you have that will move you toward that goal.