Refreshing your brand promise
Great products sell themselves. No they don’t. But equally, people don’t just buy brands because they’re brands either. Familiarity matters, but for the most part today’s customers are far too sophisticated to buy just anything with a nice or familiar name attached to it. Or rather to keep buying it without question. A brand by itself doesn’t guarantee you anything. Sometimes companies with brands that were once iconic forget that. They somehow believe that because the branding process can add margin, all brands must equal margin and presence must equal profit. Wrong. So wrong. Brands will only bring margin when everything else is right. Right itself seems pretty straightforward. Make a really interesting promise. Deliver on it in really interesting ways. Do that, and the circle is seamless. Get it wrong and the circle is vicious. When you don’t pay attention to the detail of your brand, there are consequences. The brand itself starts to breaks down. It degrades. To a name. And instead of a brand portfolio, all you’re really left with is a …