10. What we buy when we buy coffee at Florian is
the experience
of sipping an espresso
at the self-declared oldest café in the world
on the stunning Piazza San Marco
in the company of the spirits of the likes of
Casanova, Marcel Proust, Charles Dickens,
Charlie Chaplin and Ernest Hemingway,
who all frequented Florian
when they happened to be in Venice.
11. In a world saturated with largely
undifferentiated goods and
services the greatest
opportunity for value creation
resides in staging experiences.
12. The ROI
of investing in experiences
can be demonstrably higher
than investing
in classic advertising
13. What did you eat?
Remember that restaurant you visited a
month ago?
14. What did you eat?
(Dont’t worry, 79% don’t remember exactly either)
Remember that restaurant you visited a
month ago?
15. Did you like it?
Remember that restaurant you visited a
month ago?
16. Did you like it?
97% remember their experience with full confidence.
Remember that restaurant you visited a
month ago?
17. Services and most goods are consumed and
forgotten when the experiences they have
engendered will still be there.
18. Services and most goods are consumed and
forgotten when the experiences they have
engendered will still be there.
which means that
the ROI of investing in experiences can be
demonstrably higher than investing in classic
advertising
20. It used to be that:
Location is important
You could make customers pay through the
nose for mediocre products & services
Most are once-in-a-lifetime customers
Case in point: the tourist trap
23. Once-in-a-lifetime customers have become as
important as regular customers (if not more)
which means that
the ROI of investing in experiences can be
demonstrably higher than investing in classic
advertising
25. Creating customer experiences is not new.
Occasional purposeful design of these
experiences by intuitive individuals also is not
new.
But rendering the design and execution of
experiences as a management discipline with
principles, tools, and techniques is new.
What’s exactly new?