Businesses should stop focusing on privacy and start focusing on trust, which creates value and revenue. Privacy professionals should become trust professionals and become involved in overall product creation. That is how to create trusted experiences. Privacy and trust are two sides of the same coin but lie at opposite ends of the emotional spectrum.
Privacy is a negative, generating feelings of distrust and anxiety. The goal is to control; the best outcome is to remain neutral.
Privacy is a cloak we wear to keep the “bad guys” out so they cannot hurt us. We want to control our identity and how others see us. We want to hide anything that might embarrass us. When it comes to maintaining privacy, everyone is on the defensive.
Trust is positive, generating feelings of freedom and possibility. It is about removing the cloak.
We don’t worry. We don’t need to hide. We have no secrets. We let down our guard. When customers trust a company, they feel empowered by the relationship. They believe that the company has their best interests at heart, which frees them from feeling defensive, suspicious, wary. With trust, there is no goal, simply the freedom to enjoy.
In the middle of this emotional spectrum lies neutrality, low emotion, logic. Muted emotions such as like—not love, want—not covet, confidence—not trust, which may provide a sense of reassurance perhaps but not excitement. Such experiences do not move people to buy products. Rather, low-affect confidence simply leads to product commodification. For example, customers have equal confidence in the quality of major TV manufacturers, so the choice is simply a question of cost and features. People feel low emotional investment in such products, unlike Apple’s, which generate strong positive emotions—love, not just like.
Apple’s success demonstrates that positive emotion is key not only to a successful customer experience but to a company's bottom line. Positive emotions motivate people to buy; negative emotions create a barrier or brake on purchase decisions.
Privacy costs companies money in more ways than one. It requires a focus on regulation and compliance. Privacy policies are about reducing risk, fighting fires, which costs the company money in terms of paying lawyers, issuing privacy statements—not innovation or solutions that generate new income streams.
Trust makes money. Positive emotional engagement leads to strong brand identification and loyalty, which in turn generates positive revenue. Loyalty means customers are less price-sensitive. They don’t consider the product a commodity. Rather, they want that brand. Positive emotions also create buzz, which is a powerful sales tool; customers sell your products for you.
Businesses should stop focusing on privacy and start focusing on trust, which creates value and revenue. Privacy professionals should be trust professionals and should be involved in overall product creation. That is how to create trusted experiences.
Where there is opportunity, there is also risk. In leveraging customers’ emotional engagement, companies must carefully maintain the positive. If people feel that their trust has been breached, they will flip from love to hate, not like to dislike. The key to successful brand building is earning and keeping people's trust.
Stay tuned for the next blog posts, in which we will explore what consumers trust and distrust in company “behavior,” how design can fail at earning customer trust and best practices for developing trust through good design.
If you want to comment on this post, you need to login.