By Andrew Dalglish - 28th March 2010
I recently stumbled across the Reader’s Digest survey of Britain’s most trusted brands. One finding jumped out at me. The most trustworthy margarine is Flora. “I’ve never trusted a margarine” I thought. “I trust my doctor, my friends, my local policeman; not a margarine”. But the idea got me thinking.
I do trust brands that I’m familiar with, that are of a consistently high quality and live up to their promises. This trust represents a useful shorthand for the best choice in a world of increasing complexity. So on reflection I decided that I do indeed trust a margarine. I’m also willing to admit that I trust a condiment (Heinz), a toothpaste (Colgate) and a toilet paper (Andrex).
Brand trust is arguably of greater importance in a B2B context because purchase decisions are often higher risk. Their value can be significant, the choice can be ‘mission critical’ and the decision may come under scrutiny. In risky situations like this, buyers herd around those they trust. For a supplier to B2B markets then, developing trust is essential. The strongest B2B brands ensure they deliver their brand promise, on every occasion at every touchpoint. But more than this. The most respected brands display six other hallmarks in their brand promise:
Read more about our approach to business-to-business (B2B) brand perceptions research.
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Andrew has specialised in B2B research for over a decade and co-founded Circle Research in 2006. He is a columnist for B2B Marketing Magazine, a regular contributor to Research Live and frequent speaker at leading events such as the B2B Leaders Forum, Customer Experience Live and the Social Media World Forum. Andrew is a Chartered Member of the MRS, teaches the MRS B2B research course and holds an MA in Psychology from Aberdeen University alongside an MSc in Marketing from Strathclyde University.