|
Fill in the blanks
by Richard Vurva
Finish this
sentence. Coke is the __________.
If you asked 100 people on the street to complete that sentence, 98 would probably know that Coke is the real thing. Regardless of whether they prefer Coke over Pepsi, virtually every U.S. consumer recognizes the Coke brand.
Thats the power of a strong brand. Its also the result of a
masterful brand-building strategy
by Coca-Cola.
Now, think about your
customers. If you asked them to
fill in the blanks in a sentence describing your company, how would they complete the sentence?
If theyre being honest, most
distributors would have to admit that if they asked 50 customers, theyve probably get 50 different answers. Distributors proudly point to the product brands they stock in their warehouses and the marketing and merchandising
programs they participate in to
promote those brands.
A scant few distributors
make any real effort to build
their own brand.
Historically, the concept of the brand has been the purview of manufacturers. Today, distributors, service providers and other
value-adding organizations are attempting to apply branding
principles to distinguish themselves from competitors.
Building a brand means
building an idea about your
company in your customers minds. This idea represents a relationship they have with your company, one that will determine whether or
not they will buy.
Brands are much more than
simply trademarks or logos, says Larry Light, an expert on branding and president of Arcature Inc. of Stamford, Conn. A brand is a promise to the customer.
The best brands transmit
clear messages to customers. A viable brand promise requires
three things:
1) It must be relevant to
the customer.
2) It must be distinctive
and specific.
3) It must be trustworthy.
What is it about your
company that you want
customers to remember?
Its up to you to make sure
that when your customers fill in the blanks, they say what you
hope theyll say.
Your brand stands for something to your customers. To some
extent, you can control what that perception is. But first, you must determine what your brand identity is, and then you must promote it within your own company before you promote it externally.
This article originally appeared in the
March/April '00 issue of Progressive Distributor magazine. Copyright 2000.
back to top
back
to editorial archives |