Things have changed. BRAND =
“TRADEMARK” The first definition of “brand” is the name given to a product or service from a specific source. Traditionally the logo, colors, and possibly voice of brand. Brand identity at it’s purest. BRAND = “THE BRAND” The intangible sum of a product’s attributes. Marketers realized that they could create a specific perception in customers’ minds concerning the qualities and attributes of each non-generic product or service. BRAND = “BRAND” What your prospect thinks of when he or she hears your brand name. All the things: product, company, team, community, marketing, voice, affinity identity. More powerful than ever is seeding loyalty and community. 19TH CENTURY 20TH CENTURY 21ST CENTURY
Driven by ever more demanding
customers, pushed by emerging market competitors, and inspired by companies like Apple, many businesses are re-discovering the power of creativity and design, increasing investment in innovation, and trying to better understand how brands drive their business.
Empowers the consumer & build
a brand with them. “It’s all about “Permission Marketing.” Which is shorthand for understanding the boundaries for brands in a world where customers are in control. We believe the next step along this curve will be the notion of digital permission: the granting of rights by customers within the digital world.” - Seth Godin
Understand loyalty matters & goes
both ways. Choice is changing. “The two key drivers of brand value are choice (role of brand) and loyalty (brand strength). Both are significantly affected by the post-digital world. Purchase decisions are becoming more fluid, better informed, and dynamic. There is always someone a “step ahead” of you, and easy access to other user experiences and long-term opinions affects the assumptions of loyalty. Both of these trends provide significant opportunities for marketers, and brand experience holds the key to maximizing the opportunities. - Harvard Business Review