Break
the me-too blues
by
Richard Vurva
Has a
customer ever said to you, “I
don’t see any difference between your company and (name your biggest
competitor)?” You’re
suffering from the me-too blues. It’s
the disease that strikes virtually every company that fails to define
its identity in the marketplace. Although it hits businesses of all
types, industrial distributors are particularly susceptible to the
me-too blues.
Unlike
their consumer and retail counterparts, most industrial distributors
have failed to recognize that brand image is one of their most valued
assets. In fact, most business-to-business industrial companies
(manufacturers included) believe customers buy product features and
benefits, not brand image.
To
fend off a fatal case of the me-too blues, you need to build an image
for your company beyond your products and services. You need a brand,
or what Mitchell Goozé of Customer Manufacturing Group calls a
“mind-trigger,” that reminds customers of the value they can
acquire from your goods and services.
A few
companies in our channel have achieved the mind-trigger reaction.
Milwaukee
Electric Tool, for example, has built a reputation for “nothing but
heavy duty” and even established a Heavy Duty Club for Milwaukee
Electric tool owners and users that’s growing in popularity. The
Champion-DeArment Tool Company was so successful in building the
Channellock brand that the company ultimately changed its name to
Channellock Inc.
Grainger
has, by far, the strongest brand recognition of any industrial
distributor. Because customers believe Grainger can get them what they
need when they need it, you can find a Grainger catalog in virtually
every purchasing agent’s office in North America.
Strong
brands don’t happen by accident. They take hard work, strategic
thinking and careful planning to develop. Perhaps most important, they
require an understanding of what customers want.
What is
valuable about your company? Why do your customers care? What’s
different about your company? Find the answers to these questions and
you’ve found the core of your brand identity.
Develop
a strong brand and you’ll win the hearts and minds of loyal
customers. Without one, you’ll continue to suffer from the me-too
blues.
This editorial appeared in the
March/April 2002 issue of Progressive Distributor magazine.
Copyright 2002.
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