by Karon Thackston © 2001 http://www.ktamarketing.comWhen you say
word “branding”, most people think USP (unique selling proposition). However a USP is far from
equivalent of a brand as we’re about to find out. What is branding? Is it just for “big boys”? And how
heck do you create one, anyway?
Rob Frankel (http://www.robfrankel.com) has been called "the best branding expert on
planet" and is author of "The Revenge of Brand X: How to Build Big Time Brand™ on
Web or Anywhere Else", (available at http://www.revengeofbrandx.com). He now shares some insights with us that will shed a little light on
branding mystery.
KARON: Thanks for your time, Rob. I know your schedule is packed.
ROB: You’re welcome!
KARON: Well, let's start with
basics... everyone in
world has heard
term branding but it is still widely misunderstood. What is
basis of branding and - more importantly - why should a business care about it?
ROBFRANKEL: Branding is THE most misunderstood aspect of marketing. Here's
best example I can give. Just as you're more than a simple name and a face, a business is more than a name and a product. So a brand is as much
way you do things as what you do.
A business should care about it, because THAT'S
stuff that inspires loyalty and motivates people to evangelize
brand. That's where
money is, in more ways than you can imagine.
KARON: So for those who think branding is coming up with a USP and just plastering it all over everywhere... what would you say?
ROB: A couple of things: First, my own branding (Big Time Branding) is not about a USP at all. It's about a UBP… Unique Buying Proposition. THAT'S
problem with almost all brands -- they concentrate on what they have to sell instead of why people want to buy. Also, many confuse branding with advertising and PR. That's because old ad hacks try to pass themselves off as branding people. Fact is, "First you build
brand, then you raise its awareness."
The brand happens long before either advertising or PR… internally and externally.
KARON: Just like I might wear
same jeans and t-shirt as another woman but I'm very different inside. It's that difference that makes
brand.
ROB: Branding goes down to
core. In fact, I have a Ubiquitous Brand Test in my book: "Are we doing it
way?" If
answer is no, you're not branded.Here's another example: Can I send you $100,000 in cash?
KARON: Well of course you can!
ROB: I'd like to overnight it to you. Is that okay?
KARON: Sure it is!
ROB: Okay, but you have to pay for
shipping... you want me to send it US Post Office or FEDEX or what?
KARON: FEDEX
ROB: Most people say FEDEX... and rightly so. Because FEDEX has a brand image that communicates how they won't let
businessman down. And most people will gladly pay $15 more for
exact same service, even though they're basically
same. That $15 difference is pure branding profit.