As a result of current socio-economic pressures, an increasing number of consumers feel that their ‘lives have shrunk’ – a way of describing the restrictions on their mobility due to petrol prices, as well as the various sacrifices and adjustments they are now forced to make in the face of inflation. Some are switching to discount retailers, whilst others are changing their eating habits in order to carry on as if nothing has changed – such is the difficulty of cutting back on consumption.
Whether by coincidence or not, there has, however, been a wind of ‘maximisation’ blowing through social media since this summer. ‘Maxximisation’ would actually be a more accurate term, as the whole concept is based on the doubling of the letter X. Looksmaxxing, to make the most of one’s physique; Fibermaxxing and Proteinmaxxing to ensure peak health or a dream body; and Sleepmaxxing to optimise one’s sleep. The ‘Maxxing Attitude’ is a new way of life, as demonstrated in the real world by the success of Hyrox and all the ‘enhanced’ products (rich in protein, collagen, vitamins, etc.) designed to boost something within us. Always higher, always further, always stronger.
Whilst real life for many is running on the back burner, for a select few, on social media, it seems to be in full swing. Polarisation therefore describes not only income disparities or extreme purchasing patterns, but also the growing gap between what we aspire to experience, and what we actually do.
Faced with budgetary pressures, brands must adapt. They can, of course, reduce the weight or size of their products to keep them affordable, but nobody will be fooled. Spending less does not mean settling for less. Brands can also seek to maximise the intangible aspects of their products – the emotional, nostalgic and sensory elements – to enable their customers to ‘live more with less’. Time for Brandmaxxing.
If they cannot increase the value of their customers’ shopping baskets, offering them memorable and unique experiences – preferably non-commercial ones (such as pop-ups, collaborations, festive or cultural events) may provide brands with an opportunity to highlight their history and expertise, engage with their fandom, spark their imagination and, in doing so, maintain that connection and preserve their appeal. This can only be to their advantage once the clouds have cleared.