Trust: it's a lucrative and aspirational factor in any brand story, but all too often we fail to understand its true meaning – or value.
When it comes to making informed decisions, consumers are increasingly driven by the same value – trust – which strikes at the very core of how products and services are being accessed, delivered and evaluated.
In this episode of The CMO Show, Rachel Botsman drops by to shed light on the role of trust in building your brand, and how the collaborative economy is driving this. An author, teacher, speaker and recognised authority on the role of trust in the collaborative economy, Botsman has a passion for understanding human behaviour and the reasons we trust companies, ideas, and each other, as much as we do.
"I can tell you the one thing not to do, which is to say, 'You should trust this bank'. Although that is a tagline believe it or not," says Botsman. "There's this notion that if you say it, people will believe you and there is something really important in that."
"Now, with platforms where you have a producer and consumer, you can no longer control that relationship. So getting millions of people that this company doesn't employ and doesn't control behaving on brand, or delivering a quality product or service, involves a whole new way of thinking about marketing and design."
Tune in as Mark Jones and JV Douglas chat to Botsman about the future of the collaborative economy, building a trusted brand, and thinking about the bigger picture.