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Buyer Beware Business Opportunity Scams Abound
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The Art of UpSelling: Three Tips to Generate More Sales Effortlessly and 3 Ways People Blow It
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Why Are Customers So Indecisive?
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Do You Know Where Your Brand Promise Is?
When I address business audiences, I often ask people to share
their companies' brand promises. To my amazement, many don't
have articulated promises at all. And those that do are often
given to promises so fuzzy as to seem indistinguishable from
those made by thousands of enterprises in any and all markets.
These self-deluders tell me their brand promise is "world-class
quality," or "guaranteed best service," or "a company you can
trust." My unspoken comment is harsh: So what?
In a world where winners shout distinctive promises, these
misguided companies whisper sweet nothings and set themselves up
to lose.
A generic promise has no meaning to the customer.
You have to be specific: First, discover who your consumers
really are and what they expect from you. Second, tell them
exactly how your unique product or service (or both) will
consistently meet their needs and unfailingly arrive on time, in
order, as advertised. Third, do exactly what you promise --
always. Finally, forget about trying to use incremental product
or service improvements to win customers to your brand.
In a time when every market is saturated and margins are
paper-thin, small-bore fixes will never be enough to jump-start
flagging sales and profits. Success demands that you create a
brand promise so radically different from those of your rivals
that you first set yourself apart from the competition, and then
fulfill that promise -- brilliantly. You must overpromise and
overdeliver, as the title of my book suggests.
Many businesses are doomed from the get-go. They simply never
invest enough time or money to pinpoint their markets, fully
identify each significant element of their brand, and craft a
unique promise consistent with those elements. To get off to a
winning start, remember that a promise is a serious commitment,
a pledge to do or deliver something at a particular time,
without fail. And a brand promise, in particular, expresses all
the things that set your brand apart from the competition, all
the characteristics that make it distinctive -- which is why
it's so critical that you live up to your pledge.
Nothing kills a brand faster than an empty promise (just ask
tire maker Firestone, a unit of Japan's Bridgestone Corporation,
which had to mount a massive recall a few years back after tread
separation was implicated in scores of auto-crash deaths; the
brand suffered incalculable damage when it lost the trust of
consumers who had relied on its tires to perform safely). To put
it succinctly, a true brand promise sums up the essence of the
brand.
Hardiplank's brand promise, for example, reassures homeowners
that their siding will keep them snug and secure for years,
while Orville Redenbacher's brand promise simply guarantees
popcorn lovers that they will get more of what they love.
Whether simple or profound, the promise must be so radically
different from what everyone else in the market is promising
that the customer hears you even though you aren't shouting. In
other words, great brand promises cut through the
chatter
because they speak directly to customers about an issue that
matters deeply to them.
How to accomplish all this?
As with just about every successful venture in life, you have to
start with a firm grounding in the basics -- in this case, by
truly understanding the meaning of "brand." When I ask
audiences, "What is a brand?" I typically hear that it is the
mark or logo you stamp on everything you make. It's true that
the term "branding" comes from the practice of searing livestock
with the mark of a ranch to signify ownership. But in today's
business environment, branding has come to mean much more than a
way to prevent rustlers from riding off with your property. The
great adman David Ogilvy defined 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."
Brands also carry emotional impact and fulfill deep-seated
needs. They connect with a customer's identity and deep
aspirations, express personality, and telegraph one's role in
the community and desired social status. In the end, your brand
is shorthand for a host of qualities, features, benefits,
beliefs, and business practices that the customer associates
with your company, and that he or she is willing to lay out the
money to acquire.
Take the Sony brand, for instance. When I ask people what Sony
means to them, I get such responses as "high quality,
innovative, expensive but worth the money, latest features,
user-friendly, intuitive interface designs, and cool
electronics."
Yet, when customers shop for a new DVD player, they don't say,
"I'm looking for a high-quality, innovative,
expensive-but-worth-the-money, cool, user-friendly DVD player
with the latest features and an intuitive interface design."
Instead, they use their shorthand: "I want a Sony DVD player."
So it follows that the only way you can know what your brand is,
is to ask your customers. Whatever they tell you is the reality.
Your job is to minimize the variations and the changes by
sharply defining the brand's promise and then holding it as
steady as possible -- until you decide it needs to be changed.
Once you've crafted a strong, differentiating brand promise
based on your understanding of what customers expect from you,
you are on the way to building the value of your company.
As brands like Orville Redenbacher, Lexus, and Starbucks have
proven, defining and delivering on the right promise can lead to
near-legendary status as a company whose products are so coveted
that sales continue to grow even as the price climbs. In short,
radical brand differentiation that resonates with customers
means enormous increases in your profit and the addition of
untold value to your brand.
About the author:
Create breakthrough brands and deliver extraordinary customer
experiences with tips from Rick Barrera's new book, Overpromise
and Overdeliver; The Secrets of Unshakable Customer Loyalty.
Free excerpt available at http://www.overpromise.com the
Overpromise Website
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| Brand - Wikipedia, the free encyclopedia |
| The brand, and "branding" and brand equity have become increasingly important ... From the perspective of brand owners, branded products or services also ... |
| en.wikipedia.org |
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| Branding - Wikipedia, the free encyclopedia |
| Livestock branding, the marking of animals to indicate ownership; Human branding, ... Retrieved from "http://en.wikipedia.org/wiki/Branding" ... |
| en.wikipedia.org |
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| AllAboutBranding.com : Home |
| Provides resources and opinions on branding. Includes brand development, management and communications. |
| www.allaboutbranding.com |
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| brandchannel.com | branding resource produced by Interbrand | brands |
| An international online exchange and resource about brand marketing and branding. |
| www.brandchannel.com |
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| Branding Company Corporate Branding Internet Brand Identity ... |
| Brand Identity Guru Inc. creates, develops and promotes powerful brands. Our clients enjoy an array of innovative, creative and powerful branding solutions ... |
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| Branding Blog |
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| www.brandingblog.com |
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| Branding Asia |
| Free articles, news and columns on branding in Asia. Market research and Asian marketing. |
| www.brandingasia.com |
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| Pages tagged with "branding" on del.icio.us |
| All items tagged branding ??? view popular ... industrie./design and branding consultant specialists./ · save this. by kittim to design branding graphic ... |
| del.icio.us |
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| The Brand Called You |
| Big companies understand the importance of brands. Today, in the Age of the Individual, you have to be your own brand. Here's what it takes to be the CEO of ... |
| www.fastcompany.com |
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| Branding: See what people are saying right now on Technorati |
| See all blog posts tagged with branding on Technorati. |
| www.technorati.com |
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| Mozilla Branding |
| The purpose of this document is to describe mozilla.org's branding strategy during and after the release of what has generally been called Mozilla 1.4. ... |
| www.mozilla.org |
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| What Brand Are You? A branding viral by The Design Conspiracy |
| What Brand Are You? has since been picked out as Site Of The Day by the likes of the Financial Times, Yahoo, USA Today and BBC News, and has received more ... |
| www.whatbrandareyou.com |
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| Julie & Company: Affordable branding, web design, graphic design ... |
| Julie & Company creates stellar branding, integrated marketing, advertising, web design, web development, Flash, trade show booths - all at affordable ... |
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| Forty Media - Web Design, Web Development, Branding, Great Websites |
| a professional web design agency based in Phoenix, Arizona. |
| www.fortymedia.com |
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| Branding - Yahoo! Small Business |
| Find information to help grow your online business with business plans, Thomas Register, news articles and more. |
| smallbusiness.yahoo.com |
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| Lexicon |
| Lexicon Branding appears on KTVU News; Lexicon Branding creates Ridgeline for Honda, Viiv for Intel, and GameTap for Turner Broadcasting System, Inc. ... |
| www.lexicon-branding.com |
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| Branding and Usability |
| We're finding that a site's usability can dramatically affect branding. ... There are two basic techniques for branding: direct experience and indirect ... |
| www.uie.com |
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| iMedia Connection: Research & Metrics - Branding |
| Majority of marketers feel branding opportunities -- online and offline -- aren't ... IAB case studies prove real-world power of online in branding mix. ... |
| www.imediaconnection.com |
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| Small Business Marketing And Branding |
| Small business marketing and branding advice and how-to guides for small business owners. Learn how to start and grow your own successful business. |
| smallbusinessbranding.com |
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| Beyond Branding |
| Beyond Branding, published in hardcover in 2003 and paperback in 2005, presents innovative business models for the survival of 21st century organizations. |
| www.beyond-branding.com |
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