Video: What is a Brand?
Video Transcript
[start] Did you know we are exposed to over 3,500 brand messages every day? If you think that sounds like a lot, consider this. Today, my odyssey through 3,500 brands started out like this…
The minute my Panasonic alarm clock radio goes off, it’s tuned to National Public Radio. I grab my Oral-B toothbrush.
Put some Crest toothpaste on it. Take a shower with Irish Spring. Use some Degree deodorant. Have a glass of Sunkist orange juice. A bowl of Cheerios. Get in my Jetta. And — of course — drive to Starbucks. Then I get to work. Dell computer. NEC monitor. Windows operating system. With an Intel Core 2 Duo process inside. And then there’s the cacophony of other brands we encounter daily. Energizer batteries. Robert Mondavi wine. DirecTV. CNN. The Green Bay Packers.
We live in a brand-saturated world. That’s why it’s so important for your brand to stand out.
But what is a brand? A brand represents people’s gut feelings about your organization. Another way to say it is that “your brand” equals “your reputation.”
We use brands as a form of mental shorthand. We create brands to summarize our attitudes about basically everything, whether that be people, places or things.
Brands represent all the things that pop into our minds when we think of a company or its products. For instance, WalMart is known for its low prices and wide selection. If I say “Las Vegas,” a subconscious rush of memories, experiences and associations come flooding into your brain. This is the Vegas brand. Southwest Airlines is regarded as “the cheap bus of the skies,” with a quirky, fun personality. Coach is associated with its high-end, luxury handbags. Apple is cool, creative, hip, intuitive, innovative and stylish.
How we relate to brands is a lot like how we related to people. The instant you meet someone, you start forming impressions about them — making little mental notes about how they look, and the things they say and do. As time goes by, we make adjustments, amplifying some attributes while adding or deleting others.
It works the exact same way with brands. Everything you do and say influences how people think you, and every interaction is an opportunity to build your brand. Every time they see an ad, swipe their debit card, or use online banking. And it takes positive interactions to build your brand.
So what is your brand? It isn’t your name, or logo, or tagline, or products, or branches, or advertising, or website. Your brand is all these things. These are the tools you can use to strategically shape and influence people’s feelings about your organization. Ultimately, your brand will be built by what you do — not what you say — and the experiences you deliver every day.
So what is your brand? Your brand is your promise. It is your pledge. Your commitment. Your brand is what you stand for. And it is your organization’s singular driving focus. [end]
This article © 2012 by The Financial Brand and may not be reproduced.
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I wish more business managers understood that a logo and tagline aren’t the brand. This video is the best explanation of how managers MUST view brands I have seen. Thanks.
This is a very good video, thanks for posting. I agree with Kurt — branding is often perceived as something to do only with logos and visual identity in general. In reality, brand is the driving force of business strategy. I am happy to see that you specialize in branding for financial organizations. Perhaps you’d like to contribute to the discussion on LinkedIn about the subject?
http://www.linkedin.com/answers/financial-markets/derivatives-markets/MKT_DRV/931529-1088721
-Olga
Great piece! Will share it with many others. Let’s also remember too that while a “brand is a promise”, the strength and success of that brand is determined by how well we DELIVER that brand promise day-in and day-out at each and every touchpoint (encounter). Thanks for producing and sharing!