Monday, August 7, 2017

What is a Brand?

Click Here for The Previous Article...

It Is SO Easy To Create a Personal Brand These Days...

From

Last summer was extremely busy for me. Richard Carey and I teamed up once again at Right Management teaching branding workshops to executives in transition. In other words, we were showing middle managers and C-Suite executives the basics of branding themselves using today's online technology. Web 2.0 open source sites are free and allow even a techno novice the ability to build their online credibility with sites such as Wordpress, EzineArticles, Blogger, YouTube, etc...

We based most of our work on an article that appeared in Fast Company magazine: A Brand Called You by Tom Peters. The implication was that personal brands would become the hot new wave for talented individuals to start branding themselves for greater employment and consulting opportunities. Using our own entrepreneurial experiences, and the fact that Richard and I launched some very successful online brands, we were the obvious experts to teach the seminars.

Our approach was simple. Start with your resume. Take out everything that didn't support your core competency, get focused on exactly which category you fit in, get your elevator speech down pat, and launch from there. Graphic design 101 was part of the seminar including migration to the online universe. We used the same techniques as major corporations.

It was a simple set of instructions. A few hours each night could build one's online resume, an archive of articles, or a small diary of web logs. Why create such online content? With Google becoming the dominant search engine tool, employers are turning to its abilities more and more to weed out the bad apples. Many a student complained that they were Googled as soon as they left the office. This makes online credibility paramount to managing where your resume lands. Either at the top of the heap or in the circular file. "Don't call us, we'll call you" can be turned into "Can you come in for a second interview" with just a few hours each night. Creating your online dossier is easy.

That's why I asked myself why
no one was doing it?


Everybody who took our seminars filled out their feedback form with glowing recommendations for us. But no one was running out to take action on what we just showed them. And then it dawned on me: in every seminar, the branding part seemed to leave most just nodding their heads in agreement. They understood that their business card, resume and online presence had to have the same look and feel, but was it possible that no one really knew what a brand was? Had I done my job well enough in explaining a brand? Perhaps not...

My writing is not so much to pontificate, but to give practical steps for entrepreneurs who may be launching their own companies or executives who need one piece of wisdom to complete their knowledge base. Since I speak only from experience, keep what you like and discard the rest. So the purpose of this article is to go back to basics and explore what a brand is and what branding is all about.

The best definition of a brand I could find is...

"A distinguishing symbol, mark, logo, name, word, sentence, or a combination of these items that companies use to distinguish their product from others in the market."


This definition is only half of the story. The reality is a brand is much more than a symbol - it is the experience one gets from using a product or service. How does this help you? To understand some more, let's walk through a little bit of history.

Brands themselves can be traced back to their modern use in the Old West. Cattle ranchers as well as horse traders needed to mark their animals permanently with a symbol that determined ownership. They had blacksmiths design intricate logos that represented each rancher's initials or company insignia.

Burning their emblem into the flesh of the animal determined ownership. Eventually over time some brands of livestock became more popular than others. So, when a particular rancher brought in his beef for sale, his reputation came with it. Lesser brands couldn't get the price for their livestock that the better brands could command. The buyers paid on repeat business and reputation.

It was the first use of brand recognition. The power of the symbol represented the reputation of the brand.


Since stealing horses was a felony punishable by death, brands were taken very seriously. Ranchers fiercely protected their brand so others couldn't copy the design. Copyright infringement law didn't really exist in the western territories yet, so keeping their branding irons locked up and out of sight became the norm.

But branding goes back even further. The history of modern brands reads like a Dan Brown novel, but, you probably wouldn't recognize them as brands. A golden sun symbol in Iran from 1400 BC was revitalized again in Rome, representing the sun-god Mithra. Eventually Emperor Constantine would fuse the sun god's symbol of Mithra (of which he was the grand master) with the Christian cross to create his brand. The golden sun with a cross in the center on a blazing red shield became a symbol to fear during the Byzantine period of Roman/European history.

Or even earlier, Pythia was the high priestess presiding over the Oracle of Apollo at Delphi. Or perhaps the worship of Isis, Baal or any number of cults in the ancient world. Unfortunately branding animals as well as human beings wasn't new. A mark determined ones status as a slave, a conquest of war, or worse, marked for death. Either way, it meant ownership.

The formula for religious cults was simple; create a temple with an image, get people to gather around it and give out the gospel, then get the followers to spread the word. The ancient Greeks called this phenomenon, this worship of a holy word or symbol, Logos, (Used as both a noun and a verb). We use the same theories in today's marketing and branding techniques with out driving our followers over a cliff of course, but the theories are the same.

If you haven't seen Eddie Izzard, shame on you;-) LOL.
As the human race evolved, those brands meant less about ownership and more about who one was aligned with. Flags, hats, and special clothes are a form of branding. It is a quick and easy way for individuals to comprehend and choose sides. "The Red Coats are coming" was about the British Empire and what it meant to live under the "brand" of British rule. No one wanted to be owned by royalty anymore.

Eventually, branding spread from cattle to retail products. One hundred fifty years ago when a man wanted to buy a new razor for his son, he went to a store like Macy's, looked at the display of razors, picked what he wanted and was promptly handed a package wrapped in brown paper and string. Modern packaging didn't exist...partially because printing techniques needed to catch up. People evolved in their sophistication and therefore so did branding. Today we can't imagine buying a product without it's slick packaging enticing us to buy it.

To say branding has become a science is an understatement. Just look around your house and you will see brands everywhere. From the SONY television you bought to the Gillette razor you used this morning. From the Amerige perfume you just can't live without to those Jimmy Choo's your husband bought for your birthday, you and I and everyone in America is a branded consumer. Ironically, each brand has a logo for us to worship and it is getting harder to resist.

Every brand you buy has an emotional reason why you buy it. Why did you buy that Mercedes? It wasn't because you were looking for an economy car. Or how about that new suit? Hugo Boss says you spent a little bit extra to stand out. Paul Mitchell hair care products? What dental care system are you using? Are you brushing like a dentist or are you brushing like everyone else? You have to pay to get this kind of brushing technology. We can't let it fall into the hands of the British.

Great companies remember their name is more than a logo on a napkin, or a JPEG on a website, or a neon sign calling out from interstate 95. It is the relationship you've had with them. This collection of experiences forms an opinion in the consumer's mind that rarely changes. Let me repeat that: your experiences with a brand form an opinion in your mind. Which means it may not be based on truth. It is based on perception. Every great brand knows this and doesn't mess with it until they get into trouble.

Since you are beginning to understand that a brand is more about the experience of using a product than the logo on it, then it stands to reason that creating the experience becomes paramount as people begin to trust their association with your company.

Branding is a huge part of your sales paradigm. Your reputation proceeds you, so why not work hard at creating a great perception?


Starbucks worked hard at developing each store. The leisure environment that invites you to sit down and relax. How about the customized service? You can order their products in over 80,000 different combinations. Everything about the Starbucks experience says you've earned the best cup of coffee in the world. Does Starbucks make the best cup of coffee in the world? Probably not, but you sure as hell feel like it is, and perception is 90% of the sale.

Starbucks also focuses on coffee and coffee finger foods. All cakes, muffins and donuts are at eye level for a quick sale. Anything else is in a case below your waste - Sandwiches, fruit and cheese, bottled water. In other words, Starbucks is focused on one thing: Coffee! Anything that doesn't support coffee never makes it inside the store.

In marketing this is called brand focus and has made the difference for many a company struggling to define what they are. If you are known for many things, your brand may fail. Dropping all services that interfere with your core competency will give your brand a major boost. Companies who do this statistically lose 25% of their clients. But, by focusing the brand companies can increase revenue by 75%!

So get as focused on one category as quickly as possible. After all, do you want to be a jack of all trades or a master of one? Would you go to a doctor who is a generalist or a specialist? I am guessing your answer is the specialist.

If you are confused by categories try this: What is FedEx known for? What is Gillette known for? What is McDonald's known for? Each answer is a simple sentence that tells you what category these brands dominate. Interestingly as well, these three companies are the leader in their categories. They were also the first.

If you are the last to enter a particular market, invent a category. Apple couldn't compete with IBM as a computer company, so they positioned themselves as the personal computer for everybody else. They not only dominate that market, they forced the other manufacturers to follow their lead.

As you launch your new brand, ask yourself these questions:
What experience does the consumer get from interacting with my brand?
How can I make that experience better?
Is the perception true?
Do I own my category?
Can I create a new category?
Is my logo reflective of my product/service?
Should my company be separate from my brand?
Does my brand reflect thematic consistency in my signage, website, and collateral?

Once the consumer has formed an opinion in their minds collectively, it is almost impossible to change it. So be very careful when launching a new product or service. This is why marketing firms get paid so well. They spend months interviewing tens of thousands of people on your new brand and where to position it. Positioning is important, but that is for another article.

Depending on the size of your company I would hire a brand manager who knows all the techniques to create a mega brand. Scott Bedbury comes to mind. He was in charge of a couple of brands you might have heard of; Nike, (he was responsible for the Just Do It! tag line) and Starbucks. His big coup was to increase Starbucks store base from 350 stores to several thousand stores world wide.

That's the power of a top tier brand and marketing manager.


Sometimes I get so used to marketing and branding that I see them as one and the same. But if you want to learn more about how to market your brand, I suggest The 22 Immutable Laws of Marketing: Violate Them at Your Own Risk! by Al Ries & Jack Trout. It will help you to understand the science behind building and maintaining a strong brand. I would not start a project until my clients read it from cover to cover. It's an easy read and can be devoured in a weekend. Enjoy!

So get out there and just do it...



Brad








Brad Szollose
Global Management & Leadership Development Consultant
Author  •  Workshop Facilitator  •  Executive Coach  •  Keynote Speaker

May I suggest these sites and publications?


22 Immutable Laws of MarketingThe 22 Immutable Laws of Marketing
There are laws of nature, so why shouldn't there be laws of marketing?

As Al Ries and Jack Trout—the world-renowned marketing consultants and bestselling authors of Positioning—note, you can build an impressive airplane, but it will never leave the ground if you ignore the laws of physics, especially gravity. Why then, they ask, shouldn't there also be laws of marketing that must be followed to launch and maintain winning brands?

In The 22 Immutable Laws of Marketing, Ries and Trout offer a compendium of twenty-two innovative rules for understanding and succeeding in the international marketplace. From the Law of Leadership, to The Law of the Category, to The Law of the Mind, these valuable insights stand the test of time and present a clear path to successful products. Violate them at your own risk.

The 22 Immutable Laws of BrandingThe 22 Immutable Laws of Branding
Smart and accessible, The 22 Immutable Laws of Branding is the definitive text on branding, pairing anecdotes about some of the best brands in the world, like Rolex, Volvo, and Heineken, with the signature savvy of marketing gurus Al and Laura Ries. Combining The 22 Immutable Laws of Branding and The 11 Immutable Laws of Internet Branding, this book proclaims that the only way to stand out in today's marketplace is to build your product or service into a brand—and provides the step-by-step instructions you need to do so.

The 22 Immutable Laws of Branding also tackles one of the most challenging marketing problems today: branding on the Web. The Rieses divulge the controversial and counterintuitive strategies and secrets that both small and large companies have used to establish internet brands. The 22 Immutable Laws of Branding is the essential primer on building a category-dominating, world-class brand.



Article Source: http://EzineArticles.com/848026


Leadership Lessons from a Web Pioneer.


The Art & Science of
Leading a 21st Century Workforce


Brad Szollose's (pronounced zol-us), is a globally recognized Leadership Development and Management Consultant who helps organizations dominate their industry by tapping into the treasure of a multi-generational workforce. 

He shares his management strategies within the pages of his award-winning, international bestseller Liquid Leadership...strategies that ignited his own company, K2 Design, beginning as a business idea in a coffee shop to a publicly traded company worth $26 Million in just 24 short months with an IPO on NASDAQ.

As a C-Level executive, his unique management model was awarded the Arthur Andersen NY Enterprise Award for Best Practices in Fostering Innovation Amongst Employees (the phrase Workforce Culture did not exist back then).

Today the world’s leading business publications seek out Brad’s insights on Millennials, and he has been featured in Forbes, Inc., The Huffington Post, New York Magazine, Advertising Age, The International Business Times, Le Journal du Dimanche and The Hindu Business Line to name a few, along with television, radio and podcast appearances on CBS and other media outlets.

Since the year 2010, and the release of his award-winning international bestseller, Liquid Leadership, Brad has created customized training programs for The American Management Association, Tony Robbins Business Mastery Graduates and Liquidnet Holdings, as well as several dozen Fortune 500 companies to name just a few; preparing them for the next generation of business leaders.

Mr. Szollose is also a TEDXSpeaker, and his talk The Age of Radical Disruption, focuses on the impact video games and serious gaming has had on the work habits and behavior of Generation X & Millennials.


Brad’s programs have transformed a new generation of business leaders, helping them maximize their corporate culture, creativity, innovation, productivity and sales growth in the new Digital Age economy.


Brad's work will expose the secrets to managing a cross-generational workforce:


Brad is the author of Liquid Leadership: From Woodstock to Wikipedia: Cross-Generational Management Strategies That Are Changing The Way We Run Things and the publisher for Journeys to Success: The Millennial Edition: 21 Millennial Authors share their personal journeys of failure and success…based on the success principles of Napoleon Hill.  

 

https://www.amazon.com/Brad-Szollose/e/B004ARYLHW