| February 04, 2019
A post on The Financial Brand defines ‘Helicopter Banking’ as always-on, both distant and accessible, a trusted advisor available in a moment of need. But does the definition match the name and does it only apply to banking?
If, as I suspect, the idea of ‘Helicopter Banking’ was sparked by ‘Helicopter Parenting’ then I am not sure that the definition fits the name. After all, a ‘Helicopter Parent’ is defined as one who is overly involved in the life of their child. And surely the idea that The Financial Brand is trying to get across is the opposite of over-involvement? A brand that gets the balance just right, being invisible when it is not needed and on hand when it is. If so, then surely that definition should apply well beyond banking.
In my experience hotels, retailers and airlines typically qualify as ‘Helicopter Brands’. Yes, Melia Hotels, I did stay at one of your hotels but if you keep sending me emails I will avoid staying at one again. Sean, love your clothes but I don’t need an email every week to tell me of the latest items in stock; I don’t need new clothes right now. And, Virgin Atlantic, surely you must have realised by now that I have not flown with you for over five years? Quit sending me mileage updates!
I am pretty sure I did not explicitly sign up to get emails from these brands (maybe I did, it was a long time ago). Of course, I could just unsubscribe, but I never quite get around to it. (On that note, if you feel you are getting too many email from me, let me know, or simply unsubscribe, I have no wish to add unwanted emails to your inbox.)
Those of you who have followed this blog for a while might remember this post from back in 2014 proposing that brands need to be more like Jeeves. Like the definition of the ideal banking brand I suggested that brands must be there when needed, solving people’s immediate problems and anticipating people’s needs and desires; not just responding to direct requests. However, while the comparison to Jeeves’ qualities might be apt, the word “butler” is still far too dated and gender-specific to gain traction today. If you have any alternatives, please do let me know.
My main point, however, is that in the age of smart phones people expect a brand to be there when they need it. So, a brand must be always on, ready to respond when required. What a brand should not do is try to insert itself into people’s lives unnecessarily. If it is not adding value to the customer’s life by being in contact, or worse, is seen to be self-interested in its communication, then it is going to undermine the customer relationship not enhance it.
But what do you think? Is it fair to classify some brands as ‘Helicopter Brands’? Do you see hovering as a good or bad thing? Please share your thoughts.