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American Express’s Century-Long Journey in Content Marketing and Attraction of New Customers
Introduction: American Express’s Strategic Evolution in Content Marketing
As one of the world's leading financial corporations, American Express (AmEx) has a rich history of strategic evolution in content marketing. Since its founding in 1850, AmEx has transformed from offering express courier services to becoming a master in content marketing, leveraging various strategies to attract and retain new customers. One of their most successful approaches is the AmEx rewards scheme, which incentivizes spending through rewards points. This article examines AmEx's marketing strategies and content efforts, focusing on how they have evolved over the years to continuously attract new customers.
The Core of AmEx’s Marketing Strategy: The AmEx Rewards Scheme
AmEx’s core marketing strategy revolves around its renowned rewards scheme. Customers earn points for every purchase made using their AmEx card, which can then be redeemed for a variety of products, including travel miles, vouchers, and more. This innovative approach not only rewards loyal customers but also encourages new customers to sign up for AmEx cards. The effectiveness of the rewards scheme is evident in its long-lasting success, demonstrating AmEx’s ability to innovate and maintain engagement over decades.
The Evolution of AmEx as a Content Marketer: From Courier Services to Comprehensive Guides
AmEx’s journey as a content marketer began long before the digital age. In 1915, the company expanded its service scope to include travel agency services, subsequently adopting the slogan “the world’s largest travel company.” This strategic move paved the way for the company to focus on travel-related content, further embedding itself in the hearts of travelers.
The early years saw AmEx produce travel brochures and guides, providing tourist spots, travel tips, and emphasizing the importance of American Express services for travelers. These publications also included the company’s local office addresses, promoting both travel and financial services. One notable example is the 1922 brochure, The American Express Cruise Around the World: A Handbook of Information for Cruise Members. Such content not only helped to establish AmEx’s reputation as a reliable travel partner but also laid the groundwork for the company’s ongoing content marketing efforts.
The Transition to Consistent Publishing: From Brochures to Magazines
A significant milestone in AmEx’s content marketing journey came in 1968 when the company acquired the U.S. Camera Publishing Co., which produced both camera magazines and a subscription-based travel magazine called U.S. Camera and Travel. This acquisition marked a transition from short travel brochures to comprehensive, glossy magazines. The publishing division subsequently rebranded the magazine as Travel Camera and launched an intensive 30-day direct mail campaign to boost subscriptions. The success of this campaign led to the magazine becoming the highest-selling travel magazine on newsstands within a year.
In 1969, AmEx renamed the publication to Travel Leisure. This move further solidified AmEx’s position as a leading content marketer, demonstrating the company’s commitment to delivering high-quality, engaging content to a wide audience. The Travel Leisure magazine offered a platform for promoting both travel destinations and financial products, creating a mutually beneficial relationship between readers and advertisers.
Strategies for Attracting New Customers
To attract new customers, AmEx has employed a combination of compelling content and innovative marketing techniques. The AmEx rewards scheme serves as a primary incentive, encouraging both existing and new customers to sign up for their cards. By aligning their content marketing efforts with the broader goals of promoting travel and financial services, AmEx has been able to build a strong and loyal customer base.
AmEx’s content marketing strategies include:
Travel guides and brochures Subscription-based travel magazines Digital content on platforms like Open FORUM, a popular content hub for small business owners Sponsored content and partnershipsThese strategies not only provide valuable information to customers but also position AmEx as a knowledgeable and reliable partner in the travel and financial industries. By consistently delivering high-quality content, AmEx has maintained its position as a leader in the hospitality and finance sectors, attracting and retaining new customers over the past century.
Conclusion: The Long-Term Success of AmEx’s Marketing Strategies
From its humble beginnings as an express courier service to its current status as a global financial giant, American Express has demonstrated a remarkable ability to adapt and innovate in the realm of content marketing. The AmEx rewards scheme remains a testament to the company’s commitment to rewarding loyal customers and attracting new ones. Through a combination of strategic partnerships, compelling content, and innovative marketing techniques, AmEx has built a strong and loyal customer base, ensuring its long-term success as a master content marketer.