Major Marketing Malfunction #3
Is your brand bruschetta or phony baloney? The first is appealing and appetizing; the latter is the definition of nonsense or “foolish or deceptive talk.” A brand is a set of promises and associations that a person (or group) perceives about an organization, product, service, or now with increasing frequency, an individual.
Your brand associations may be tangible, explicit and intentional – that is, they may be communicated through your graphic identity and other overt tactical marketing means. Or, your brand association may be more implicit and intangible, but still within your control: how you answer the phone, the cleanliness of your facility, or your follow-up, are simple examples. Sometimes they may be out of your control, for example a thumbs-down website review, a harmful press article, or negative rumors about you.
Brands make promises, build relationships and possess personality. They amply your value proposition and create a valuable asset that can potentially surpass the value of your individual offering.
“If Coca-Cola were to lose all of its production-related assets in a disaster, the company would survive. By contrast, if all consumers were to have a sudden lapse of memory and forget everything related to Coca-Cola, the company would go out of business.”~ Coca-Cola Executive
Brand Promise: If you think about taking a bite into a piece of Ghirardelli chocolate or a sip of Dom Perignon you probably envisage a specific sensory expectation. As you purchase an Apple iPhone, check into the Hyatt Regency or shop at Macy’s you probably have an expectation about the experience. This expectation, is essentially the promise of the brand whether based on your past experience, their marketing or someone else’s encounter. Years ago, I took my family on vacation to Italy, a culinary heaven. At the Spanish Steps in Rome, stands a world-renowned restaurant that constantly draws patrons. How can McDonalds thrive here? To Americans, Europeans and Asians, McDonalds delivers on a simple brand promise: a cheap, dependable, fast delivered meal in a clean establishment. What’s your brand promise?
Brand Relationship: Loyalty is the outcome of the strength, trust and depth of a relationship. But loyalty in a relationship doesn’t just apply to a person. It can be applied to an offering or brand that’s bold, holds strong values and is emotionally evocative. Are your followers loyal to your people, your offering or your brand?
Brand Personality: Every brand has a personality. For example, companies in the automotive, insurance and beverage industries have all very effectively crafted distinct personalities around their offerings. What’s the personality of your brand? What are the five words you want to be known by? Would they be the same five words your customers would give me if I asked them about you?