To Brand
or Not to Brand - That is NOT the Question
Think you cant afford to pay
attention to branding? That its only for the rich and largest?
Think again. No matter what size company you are you really have no
choice. Your brand exists in some shape or form and if you dont
invest in managing your brand, it will manage you, perhaps to
oblivion.
Before we get into convincing hard numbers and business cases, lets
do something a little fun. I propose that brand is so pervasive
that you can actually use it to identify where someone is from.
Kind of like an accent or inflection of speech. It is, after all,
our experiences with a brand that shape it.
Take this From Where In the U.S.? quiz:
Lets start with something near and dear to most of us: food.
What mayonnaise would you swear is the best and search for in the
market?
A. Hellmans
B. Best Foods
C. Miracle Whip
D. None of the above
If you answered
A. Youre likely from the east coast states and refuse to call it
Best Foods, even if you move to California.
B. You are from one of the states west of the Rockies. Youve never
even heard of Hellmans, so why does theyre label look the same?
Because they are.
C. Youre likely from the Midwest, Missouri in particular, and you
make really sweet potato salad. (Sorry Grandma)
D. Cant tell where youre from. Maybe you hate mayonnaise.
As a kid, one of your favorite sweet snacks after school was:
A. Hostess Ding-dongs
B. Drakes Ring Dings
C. Moon Pies
D. Scooter Pies
E. None of the above
This tells me that:
A. Youre from St. Louis all the way west to California. If you know
them instead as King Dons, then the east coast. If you recognize
the name Big Wheels, youre from someplace else.
B. Youre from the east coast NY/NJ and think that DingDongs are
rip-offs.
C. You grew up in the south, especially Tennessee, and typically
ate these with an RC Cola to wash it down. Talk about sugar
overload (http://www.moonpie.com/hist_text.asp)
D. Youre from the eastern seaboard, and wondered what in the heck a
Moon Pie was.
E. Youre from Canada and ate something called Wagon Wheels.
And for a non-food one that gets so specific youll think Im
psychic
You need to get new clothes for the whole family, something nice to
wear to Grandmas birthday (where you will not mention the too-sweet
potato salad), and you want reasonable selection, affordable
prices. You head to the nearest:
A. Famous-Barr
B. Robinsons-May
C. Filenes
D. Kauffmans
E. Foleys
F. Hechts
G. Meier & Frank
H. The Bay
And I will gaze into my crystal ball and pinpoint your location
as:
A. Specifically Midwest WI, MO, IL, IN, KY
B. The Wild West only CA, NV, AZ, UT. Showdown, anyone?
C. New England. And dont let any of your friends drag you into
Filenes basement in Bostonyou wont come out alive.
D. The industrial belt - NY, PA, OH, WV
E. The Texas, NM, OK, LA kinda south
F. Mid-Atlantic states where they have soft drawls and soft-shell
crabs MD, VA, NC, and parts of TN
G. Northwest Territory WA, OR
H. Canada where they eat Wagon Wheels
(Maps available at: http://www2.mayco.com/common/index.jsp)
How was that for brand identification? All of these brands started
locally, without the war chests of advertising dollars that people
think are needed today. They are memorable because of the
experience we had with them which was consistent and positive - so
we told our neighbors. And we developed strong loyalties.
If I could turn MarketUP into the Moon Pie of the small business
marketing world well, lets just say my Tennessee Grandpa would be
proud.
Sounds simple, but its not that easy. Here are some of the
compelling facts that result from religious brand building:
At a recent branding seminar which I attended, one of the speakers
provided some staggering numbers related to valuation of a few of
the largest global brands.
Coca Cola at #1 tells the story:
Total Valuation - $115 Billion (give or take)
Brand value - $70.45 Billion (about 61%)
(source: Business Week, 4 Aug 2003)
Anecdotally, Ford is said to have 75% brand valuation. You can
guess what the stats are for Microsoft, IBM, MacDonalds, Nike,
Intel, etc.
So what? you might be thinking, Im not in that league. I can focus
on selling and networking. No need to spend time and money on that
BRAND stuff.
Certainly the deep-pocket conglomerates have had plenty of time and
money to build the kind of numbers that take your breath away. But
its not just the advertising spend that got them there. They had to
start and continue with a vision, products people wanted, service
that satisfied and made their customers talk about them, creating
more customers. Thats what brand is all about.
Brand Building on Any Budget:
1. Articulate your vision, and stick with it. No flip-flopping. No
re-inventing every year. No re-naming to stay trendy. Take the time
to clarify who you are and what you offer. The exercise alone will
be worth it. Then build your communication tools.
2. Deliver your products and services in a consistent way that
satisfies people. They WILL talk about you. And according to David
Thompson, CMO of Webex (Weve got to start meeting like this.), the
only true brand measurement is this: Your customers are willing,
nay, ANXIOUS to refer you to others. Amen.
3. Make sure your brand is communicated by everyone in your
organization and anyone associated with you. Bad to say, We are a
high-touch service provider and have someone call your phone number
only to go into an endless, impersonal phone script hell. Be honest
about your value.
4. Yes, it will also help if you develop a look and feel, those
somewhat scary words that conjure up $$$$ and endless rounds of
designers comps. It doesnt have to be like that. The dot.bomb era
should have weaned anyone of that notion if nothing else. Money was
flying around paying for the jazziest names, logos, taglines and
websites. And it kept flyingfar, far away. Famous? You want famous
with out frill? Try Hewlett-Packard. HP. Two names. Two blue
initials inside a curved frame. Starting in 1939 they didnt launch
ad campaigns, they instead delivered consistent innovation.
Tagline: Invent.
5. Measure. Be persistent. And real, and sometimes creative. But,
be yourself.
Im going online to order some authentic Chattanooga, TN Moon Pies
to be delivered, which I will then have with a Starbucks, not an
RC, that I will have purchased from a Starbucks location, because
the brand experience is so much more rewarding there than at
Albertsons. (Where there is a Starbucks kiosk, but it is an
extremely disappointing extension of the brand.) Starbucks are you
listening?
About the Author
Ms. Lehman is Founder and
Principal Consultant of MarketUP. She authors Knowbits, a monthly
ezine of marketing tips for small business. MarketUP is a Berkeley,
CA based consultancy for a number of startup and small-mid sized
companies. Prior to MarketUP, Donna spent more than 17 years doing
design, communication, and B2B marketing for start-ups and Global
100 conglomerates in various industry sectors.
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