All posts tagged: brand story

Every price point needs a story

By Mark Di Somma

The temptation is to see story as a luxury item: something that brands implement to lift their margin. There’s nothing wrong with that of course – it’s powerful and it works. But I don’t think that story is just a top-end nice-to-have. My view is that most brands, no matter where they are priced in the marketplace, need a storyline. To understand why, first let’s think about the alternative. Without a storyline, a product is just that. It has everything it needs (hopefully) to do what it’s being bought for but that also means it’s just another detergent, car oil, computer, whatever …That makes it highly vulnerable to house brands and to cheaper versions of what amounts to ‘the same thing’. It also means markets get packed very quickly with variants of the same idea that rapidly diminish the value equation: we talked about Groupon and its 425 competitors a couple of days ago. This problem of course only becomes more acute as you move down the value chain – meaning that at the very …

Travelling north

By Mark Di Somma

Keith Yamashita has a phrase I love. He talks about companies and brands finding their northern star. The term isn’t astronomical, it’s aspirational. He’s referring to an ideal of your company or brand that burns bright in front of you and your staff, that leads you on, that fires you up and that you never let out of your sight … It’s the brand and the culture you dream of being. It’s what your people long to be part of. And it’s who your customers always hoped you would be and that your competitors can’t be. It’s what a company’s vision should be all about. At Audacity, we call it your ambition. Without it, you drift. So many people can see that north star in some form. When I ask people in workshops about the company or the brand they dream of working for, they can tell me, sometimes in amazing detail, what it looks like, how it feels to be part of that , what it’s renowned for. They can see it. At times, …

A brand within a timeframe

By Mark Di Somma

It is perhaps the ultimate exit strategy – a company with a closing date. This article in the NY Times talks about NPOs such as Malaria No More and Out2Play that have decided their work is done. They’re closing because they have accomplished what they set out to do. Now imagine doing that with a brand. Setting a date by which you would have achieved set business and social goals along with an agreed return on capital – and ending it there. Too radical? My friend Sam Kebbell set up his architectural practice using that exact premise – a company that would last 50 years. And brand strategist Dan Herman has already successfully proposed just such an idea with his concept of “short-term brands”: brands that focus excitement and buyer loyalty because they are built not to last. Funny isn’t it how we all acknowledge the pace of change, and how much consumers crave the new, and yet we expect brands to just keep running. Perhaps that’s why they go stale. They need continuing infusions …

Light my fire

By Mark Di Somma

What do you do if you’re one of the world’s most famous lighter companies and the number of smokers is dropping?  If you’re Zippo, you look for ways to capitalise on your ‘cool’ image and extend your brand into products ranging from watches to leisure clothing. Zippo hit its zenith around the mid-1990s with 18 million lighters a year. Today, that figure’s dropped to around 12 million lighters a year and the hunt is on for products that are, in the words of president and chief executive Gregory Booth, “rugged, durable, made in America, iconic”. It seems to be a standard operating procedure these days. Brands hit a certain scale and then look to diversify in order to fish in other waters, or else, their iconic products hit their use-by date and they start looking for ways to sweat their assets, or someone brings a brand back from the dead and looks to add product lines to what they hope is its revitalised equity. Sadly, many of these diversifications don’t strike me as strategic. They …

What’s in the box?

By Mark Di Somma

Marc Levinson’s book The Box explains why a “soulless aluminium or steel box held together with welds and rivets, with a wooden floor and two enormous doors at one end” was able to revolutionise trade. As Levinson points out the container is about much more than what it does, it’s about what it now represents to all of us living and buying in the global economy: an extraordinary system for moving goods between places at minimal cost and with as little complication as possible. Along the way, the humble container literally changed the world around it: new ports became valuable; just-in-time became possible; international trade accelerated; loading and delivery times shrank; trade became standardised; supply chains extended. But the economic benefits that arose from the container didn’t come from the box itself, clever as it was. The real innovation came from entrepreneurs who, over time, discovered how they could apply the potential of the container to their commercial advantage. It was those people who saw that this box with “all the romance of a tin …

Noting Moleskine

By Mark Di Somma

In theory, a company like Moleskine should be redundant. Who needs a little black sketchbook these days? Who needs pencils and the ability to sketch and note down ideas? And yet many people – and I’m the first to confess, I’m one of them – are ardent fans. Why? It’s because Moleskine have sold us a fantastic story: a story of romance and creativity, of spontaneity and genius, of travels made and ideas explored that actually relies on its heritage to work. Woven into their brand are associations with artistic and literary giants. In fact, this little black notebook, with its polite strap, has built up a backstory that embodies great thoughts captured on the move, and celebrates freedom, inspiration and potential … It’s a backstory of sharpened pencils, crisp paper, and lateral thinking, washed down with (at least) strong coffee, that absolutely targets those who love creativity. Sometimes, just sometimes, the most powerful thing you can do in your brand storytelling is to revive what people yearn for, or fear may become lost.

The real recipe for Coke's success

By Mark Di Somma

So someone’s supposedly discovered the recipe for Coca Cola. What does that mean for the world’s most popular drink? Very little I would have thought. Because the world’s most closely guarded beverage trade secret has already done its job – it has helped build perhaps the most consistently powerful brand in the world. Beyond that, its value as a formula today is questionable. Even if someone did replicate the taste, so what? They still wouldn’t be Coke. Great brands grow beyond the products they marque. They actually come to embody ideas – such as happiness in the case of Coca Cola – that the product reports to, and not the other way round. The New Coke debacle might suggest otherwise to some, but to me that was much more about changing a product that consumers held dear rather than a taste issue. Consumers expressed their apprehension by citing taste, but taste, in my reading of this particular case, was the identifier to the wider fear. What they were really saying is – don’t touch. So …