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What Is Storytelling and How to Use It for Business?

What Is Storytelling and How to Use It for Business?
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Do you think good stories are only found in books and movies? Not at all. Stories are everywhere if you think about it. Even a regular morning commute can sometimes turn into a story of its own!

Now when it comes to business, an original and truthful story can add a new facet to your brand, make it more approachable for the audience, and inspire your customers.

But not every story will do. Creating and telling stories is an art which takes a long time and practice to master. Especially in the context of marketing. To help you grapple with the basics, we will take a closer look at storytelling as such, try to figure out what makes a good story, and see how it can help your business grow.

The concept of Storytelling

In its broadest sense, storytelling is nothing but the process of sharing information in a way that is engaging for a recipient. However, nowadays the term is more often used in its narrow meaning, typically associated with content marketing. In this sense, storytelling is a strategy that implies building a narrative around a brand with the purpose of engaging customers and cultivating a brand image. In modern conditions, storytelling is typically implemented through blogging, social media outreach, public relations, advertisement, etc.

Indeed, storytelling has become a major marketing trend as more businesses apply it as a part of their brand-building strategy. Reportedly, 81.5% of marketers consider storytelling to be their top content marketing priority. And rightfully so.

Stories as a form of a narrative are so popular that they seem to have penetrated in all areas of life. This is not to say that storytelling is something new by any means. In fact, it is probably the oldest way of passing information from one person to another, or better to say from one generation to another. Legends, myths, literature, poetry, even the official history – all of these are nothing but stories at the end of the day.

However, nowadays, stories are as relevant as they can be. They are in a great demand too. Whenever we go to the movies, we want to witness a breathtaking plot to unfold; when we play a video game, we want to see more drama going on between the characters, even if all they do is shooting aliens. Even social media is getting more story-driven: just think of Instagram Stories or Snapchat.

No wonder that storytelling has caught the eye of marketers as it is truly a universal tool for building engagement and creating the emotional connection between brands and customers. Especially today, in the era of information technologies.

Why is storytelling perfect for business?

Creating a business from scratch is full of risks and challenges, ups and downs, disappointments and gratifications. If you’ve ever built one, you should have a lot of exciting stories up your sleeve. Or at least one story that tells what is behind your brand: history, values, ambitions, vision, goals, etc. Skillful storytelling can mix all of these into a coherent narrative that will help your customers understand your business better and get captivated by what it has to offer.

This is possible due to the inherent ability of storytelling to:

What makes a good story?

There’s certainly no universal benchmark for evaluating stories. Whether you like a story or not depends mostly on your own life experience, emotional condition, and personal preferences. A great story for you is not necessarily as great for another person and vice versa. Apparently, it’s an entirely subjective matter.

However, there are certain criteria that define the quality and value of a story. Sticking to these will get you closer to creating a solid story that would appeal to your audience:

How to write a good story?

As said before, storytelling is less of a method but more of an art. And like any other art, it requires practice to get better at it. Needless to say, it also takes a lot of patience, as well as talent and creativity. Even more so if you try to implement storytelling in your marketing strategy. No doubt, as a business creator, you know plenty of interesting facts you could share with your audience. But how to make a story out of them?

First of all, don’t rush it out. Take a step-by-step approach and nurture your story until it is ready to meet the world. Here are the basic steps you have to take:

Practice makes perfect

Storytelling is a versatile tool for engaging the audience and promoting your business. However, creating a truly captivating and yet honest story is a challenging task that requires both talent, knowledge, and skill. The latter can only be acquired through diligent work. So if you think that storytelling can help you in any of your undertakings, don’t be afraid to get your feet wet. The more you practice, the better results you will achieve.