
Sell
the Brand, Not the Product.
What
is branding?
Every
day the marketplace gets more crowded. Advances in manufacturing,
distribution and communications have resulted in an ever-growing
sea of choices. With each new product comes a wave of marketing
and advertising materials. It is becoming harder and harder
for companies to differentiate their product, otherwise known
as "product convergence." Each product is similar to the
next. The key to success is to market your brand, not your
product. These days, everything is becoming branded! There
are products that we have always bought by the brand: Coca-Cola,
Ivory Soap, and Chevrolet cars. However, look at what is
happening now. Commodities, that we bought indiscriminately,
are now brand choices. We don't buy water, we buy Evian. We
don't buy a Cup-of-Joe, we buy Starbucks. We don't ship
something, we FedEx it. Even the city of Houston has gotten
in the act by trying to brand itself! The list grows every
day. Companies have realized that a strong brand name is
the best opportunity for rapid growth.
When
is the right time to "brand" your company?
Right
now! While most consumers are brand conscience, many companies
spend their ad dollars selling "product" not brand. They
focus on things like price & quality (an overused ad
concept). We can learn from how the megabrands market. McDonald's
does not sell hamburgers; McDonald's sells "McDonald's." Blockbuster
does not sell videos; Blockbuster sells "Blockbuster." Any
two-year old can spot the golden arches from a mile away. At
the Blockbuster video store, they even have the employees
branded. You can spot one from behind by their blue shirt.
A
quick way to test your brand: Spread all your marketing
materials out on your conference table. Better yet, cover
the logo (you at least have strong logo?). Step back and
take a look. Does a common image jump out at you? If not,
you are missing a huge opportunity to build the brand equity
of your company. This is not just a mistake made by the
little guys. Many large companies, especially those with
multiple marketing divisions suffer from a lack of branding. I
have walked into the offices of some large clients to audit
their marketing materials. They will proudly display a beautifully
designed brochure that must have cost a fortune. "This one
was designed by (insert famous, overpriced designer here)." "This
one was done by our advertising agency." "This one." While
any one of the pieces by themselves would win awards, put
them all together and they are doing absolutely nothing to
build brand equity. I would rather see a client produce
consistent materials on a copy machine than throw away money
on marketing efforts that do nothing to reinforce their brand.
So
I need to brand. How?
Don't
confuse branding with advertising. Advertising is how you
call attention to a brand. Branding is how you make an impression
in the minds of your customer. Typically, a branding campaign
consists of three elements:
1)
The Brand itself.
This is the perception that already exists
in your customer's mind. It is a combination of recognition,
experiences and promises. You can find out a lot about your
brand through simple research. Ask, who are my clients? What
is the one thing for which I am known? The Advertising
Man himself, David Ogilvy, defined a brand as: "The
intangible sum of a product's attributes: its name, packaging,
and price, its history, its reputation, and the way it's
advertised."
2)
The Brand Strategy.
This is simply known as positioning. If
you are known for everything, you are known for nothing. Don't
try to be all things to all people. It is irrefutable that
the fastest growing companies today are the ones with a narrow
focus. You must have a razor sharp position in the marketplace. Every
brand should come with a promise. What does your brand stand
for? As you position your brand, it will pay off in several
ways. The most important is that your name will begin to
be associated with your specialty. In addition, your advertising
will become better focused, as you will know exactly who
to target.
3)
The Brand Identity.
This is every visual expression of the
brand, be it in print, television or the kid in the blue
shirt that helps you pick out videos. One of the fastest
ways to build brand identity is through the careful application
of graphic design. First, the graphics must reflect the
company's positioning strategy. Second, the graphics must
be appropriate to the targeted customer. And last, the graphics
must be consistent. The key to marketing a brand image is
the consistent use in all markets. This includes the packaging,
the colors, and the product's total image. Does this mean
that every marketing piece has to be exactly the same? No,
quite the contrary. In fact, it is just as important that
the graphics stay fresh and consistent with the market. This
is especially important when the market is a young audience. A
well-designed branding campaign will establish consistent
branding elements, while leaving room for flexibility. Through
careful brand management, Coca-Cola's look today is as fresh
as it ever was. Packaging used to be redesigned every five
years. Today the average package life cycle is two or three
years.
If
your brand stands for a promise, if your communications are
integrated, then you will begin to build a relationship with
your customers. While they are filtering out the barrage
of imagery that comes their way, they will also seek out
your brand.
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