Andreja Fazlić, in her new article, introduces new foundations of marketing for the yacht charter industry. After almost 20 years of working in digital marketing and business, she reveals why many yacht charter companies lack stability, how to recognize what guests really want, and why customer experience is the key to long-term growth and loyalty.
Does your yacht charter brand stand out in a sea of competition?
The brutal truth is that many brands don’t know who they are, why they exist, what they represent, and even less how to tell that story to the world. Are you one of them?
Throughout nearly 20 years of my career in digital marketing and business, I have worked with many entrepreneurs, marketing or sales managers, growing organizations, civil associations, and startups. One thing is common to many of them – they lack stable strategic foundations – the very thing that makes marketing consistent, recognizable, and focused on the right customers.
Proper understanding is always essential for correct and effective application of knowledge, and understanding basic marketing concepts is key to building a recognizable brand and long-term relationships with guests. I found inspiration for this article in Principles of Marketing (Kotler, Wong, Saunders, Armstrong), a global textbook that has been used as a cornerstone of marketing education for 45 years, as well as in my previous articles. It is said for a reason – repetition is the mother of learning.
One of the main challenges for domestic yacht charter companies is shifting focus from the product or service to the customer.
This process becomes even more complex when you realize that the user and the customer are not always the same person, especially in a B2B environment (e.g., an agent books a boat for a client). That’s why it’s important to differentiate these basic concepts in the sales process:
Clearly defining these roles allows for more precise planning and a better business and marketing-sales strategy.
Marketing in yacht charter is not and should not be just about filling boats. It is a process of creating value and building relationships with guests. But when we look at what is happening in our small market, it becomes very clear how underdeveloped and unmotivating it actually is because the only lever pushing this vertical forward and the only “value” that is consistently being created is – price dumping.
If you believe it is time for your marketing to grow up and mature, and for you to grow along with it, consider the following concepts (if they are not yet part of your marketing strategies and plans, it is high time):
Do you know which level of needs your yacht charter offer responds to? And where does your ideal guest currently stand on Maslow’s hierarchy of needs?
Guests, and customers in general, are more sophisticated today than ever. They have access to information, high expectations and want more than just the functionality of a product.
According to a PwC study, as many as 73% of consumers consider customer experience crucial in their purchase decision, and companies that invest in customer experience achieve greater revenue growth and loyalty (Forrester).
User-centric business means:
Customer journey mapping allows you to understand all the touchpoints a guest has with your brand, from the first contact to post-purchase support.
Every stage of the journey is an opportunity to optimize the experience and build relationships.
Key steps:
Why? Because companies that focus their strategy on customer experience can achieve up to 54% higher ROI (HubSpot).
Your offer is not just a vessel but the entire experience and values you provide to the guest:
Guests often come for the boat but return for the sense of trust, personalized approach and support you provided during their sailing experience.
We all know this when we are in the role of a customer. It is truly puzzling to understand how those same customers, when in the role of marketing managers, directors or any position responsible for business growth, somehow let that knowledge evaporate.
In marketing, according to Kotler, value and satisfaction are fundamental concepts for understanding and building long-term relationships with guests.
Customer value:
Value is what a guest perceives they are receiving in exchange for what they invest, not only in money but also in time, effort and emotions. Your support during the trip, local tips and quick solutions to every challenge make the guest feel they received more than expected.
Satisfaction:
Satisfaction occurs when delivery meets or exceeds expectations. For example, the guest is thrilled because you organized a trip to a hidden island or recommended an authentic konoba. It is precisely satisfaction that is the fundamental reason someone makes a repeat booking or recommends you to others.
The goal is not (and should not be) a one-time booking but a long-term exchange of value. The guest is at the center of the business, whether you choose to accept it or not.
And if you finally want to start building such valuable relationships with your customers, pay attention to:
Do a simple exercise, alone or with your team, and write down on paper or digitally the answers to the following questions:
This exercise is the first step toward creating an offer that truly resonates with your audience while setting you apart from the sea of similar yacht charter brands.
Marketing, in any industry including the yacht charter industry, is not a trick, not smoke and mirrors, but a process of understanding people and creating value. Listen to your guests, learn from every experience and build relationships that last.
And if you need support – reach out to us! Because transforming from product-centric to user-centric business brings long-term value, competitive advantage and revenue growth.
It is still not too late for your brand and business to take this path.
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