AS THE PANDEMIC MAKES LIFE MORE COMPLEX, PEOPLE CRAVE SIMPLER BRANDS
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The pandemic has made people’s lives more complex, according to research in the ninth edition of Siegel+Gale’s World’s Simplest Brands study. The global survey also revealed that consumers are more willing to pay a premium for simpler experiences.
World’s Simplest Brands ranks the leading brands on simplicity, asking more than 15,000 people across nine countries which brands and industries provide the simplest experiences, ultimately reducing stress and improving the lives of consumers everywhere.
Google led the global rankings, followed by Netflix, German grocer Lidl, YouTube and another German grocer, Aldi. In the United States, Amazon was named the simplest brand, followed by streaming services Hulu and Netflix. Costco and Google rounded out the top five.
The brands that did best in both the global and national categories tended to be those that consumers relied upon during the pandemic. That’s no accident. “The pandemic has made life harder, and World’s Simplest Brands found that people want transparent, direct, simple experiences that make their lives easier,” said Howard Belk, co-CEO and Chief Creative Officer, Siegel+Gale. “The brands that topped this list simplified not only the consumption experience; they simplified the human experience.”
🔎 Here are some of the study’s key findings:
📌 76 percent of people are more likely to recommend a brand that delivers simple experiences, compared to 64 percent in 2018.
📌 57 percent of people are willing to pay more for simpler experiences, slightly higher than the last report’s findings.
📌 While there isn’t a significant change in people willing to pay more for simplicity, the premium people are willing to pay for it has quadrupled. Siegel+Gale estimates that companies leave an estimated $402 billion on the table by failing to provide simple experiences, versus $98 billion in 2018.
📌 A stock portfolio of the World’s Simplest Brands has outperformed the average of the major indexes by 1,600 percent since 2009.
👑 2021 Top 10 World’s Simplest Brands
1️⃣ Google
2️⃣ Netflix
3️⃣ Lidl
4️⃣ YouTube
5️⃣ Aldi
6️⃣ McDonald’s
7️⃣ Samsung
8️⃣ Amazon
9️⃣ Uniqlo
🔟 Spotify
🍀 Source >>>
🍀 Report in PDF >>>
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