Scientific Center of Innovative Research, Relationship between public administration and business entities management-2024

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THE 4E MARKETING MIX: A NEW APPROACH TO CUSTOMERS
Polina Porosla, Viktoriia Adamovska

Date: 2024-11-29 03:30 PM – 03:40 PM

Abstract


In the modern world of marketing, where competition intensifies daily, companies are seeking new tools to attract and retain customers. One such tool is the 4E marketing framework. Unlike the classic 4P model (Product, Price, Place, Promotion), the 4E framework focuses on building an emotional connection with the customer, enabling deeper engagement and loyalty [1].

The 4E mix includes the following elements:

- Engagement – reflects the depth of interaction between customers and the brand. It goes beyond a simple purchase to include active participation in the brand's life.

- Experience – relates to the impressions a consumer gains during their interaction with the brand. It encompasses all aspects, from the first encounter with the product to after-sales service.

- Exclusivity – provides customers with a sense of uniqueness and distinction. This makes a product or service more desirable, as consumers feel they are receiving something unique.

- Emotion – are the foundation for building a connection between the brand and the customer. It create lasting loyalty and are remembered more vividly than the functional attributes of the product.

Why is 4E important for modern marketing?

Firstly, customers don’t just buy a product; they buy the emotions it evokes. 4E enables the creation of an emotional connection with the brand, which boosts loyalty.

With 4E, it’s possible to create a personalized experience for each customer, making interactions more individual and meaningful.

Modern consumers are always online, so ensuring brand accessibility on mobile devices is crucial. 4E makes this achievable.

Social media is a powerful tool for creating viral content and attracting new customers. 4E allows for the effective utilization of this channel.

The 4E marketing mix operates as follows:

1. By engaging customers in interaction, providing them with a unique experience, and creating a sense of exclusivity, brands evoke positive emotions that become associated with the brand.

2. Customers who feel an emotional connection with the brand are more likely to become loyal and recommend it to their friends.

3. Emotional bonds with customers encourage repeat purchases and increase their willingness to pay a premium for the product or service.

4. Satisfied customers become brand ambassadors and contribute to building a positive brand image.

The 4E marketing mix focuses on engaging customers not only through the product but also through emotional connections, unique offers, and unforgettable experiences. Implementing these principles enables brands to build long-term loyalty and stand out in a competitive market.


Keywords


marketing; experience; client; interaction; emotion

References


1. 9 thoughts about the future of marketing (2024). Available at: https://brand24.com/blog/the-future-of-marketing/ (accessed 26 November 2024).