Archive for January, 2012|Monthly archive page
Filed under: business, culture, social | Tags: branding, brands, culture, love, marketing, social media, socialmedia
The other day a colleague pointed me to BBC’s 1 hour documentary on Steve Jobs called “Billion Dollar Hippie” (I’d send you a link but then the copyright owners might yank it. Google it for now). There’s a line around the 40 minute mark of the video where they’re telling the familiar story about the iMac and how its success was attributed to its unique design and how Apple managed to make a computer fashionable. Then came a line that not only captures the brand essence of Apple, a quote from iMac’s designer, Jonathan Ives, “We have to make this something people will LOVE!” [emphasis added by me]. “Love” according to my colleague, should be the thing to which every brand aspires.
Every brand? I wasn’t so sure. Don’t get me wrong, I love ‘love brands’. I’m typing this post on my beloved MacBook. I have a protective case and an InvisibleShield screen protector for my iPhone. I find Porter Airlines and the Toronto Island Airport (Yes I know it’s officially called Billy Bishop Airport) experience absolutely lovely. I think I’m falling in love with this (new to my neighbourhood) frozen yogurt chain from California called Menchies. As a professional marketer, I love to work on ‘love brands’. And yet, there’s a ton of no-so-loved brands that do perfectly fine if not thrive in the marketplace. Take a look at the top 10 companies in the 2011 Fortune Global 500…only one of them, Toyota, still going strong despite its massive recall in 2009 and the Tsunami, has some ‘love brands’ in its roster.
- Wal-Mart Stores
- Royal Dutch Shell
- Exxon Mobil
- Sinopec Group
- China National Petroleum
- State Grid
- Toyota Motor
- Japan Post Holdings
You see what I mean. While I’m uncomfortable to say it, the evidence suggests that you don’t have to be loved to be successful. So that got me thinking…maybe love and not-so-loved brands can co-exist in the same marketplace. While being loved can be a competitive advantage, there must be other ways to gain competitive advantage and maybe being loved is something a marketer can choose a brand to be or not to be.
Enter Advertising Age’s ad critic Bob Garfield, someone not known for jumping on the latest marketing bandwagons. In what I think will become a landmark cover story, Garfield writes, “Say goodbye to positioning, preemption and unique selling position. This is about turning everything you understood about marketing upside down so that you can land right side up. This is about tapping into the Human Element. [bold face added]”
Notice that branding was not in his goodbye list. That’s because branding and brand building is more important than ever before. “…you are being evaluated 24/7 in countless conversations that have zero to do with your ad slogan. On the contrary, they are about your brand’s essential self–which behooves you to think very hard about your essential self.”
“Your essential self.” In other words, we judge brands pretty much like we judge other people. We dislike insincere brands in the same way we dislike insincere people. We love those that we connect with emotionally and who we trust. Why do we tell brands to be authentic? It’s the same thing we tell people before their date…”Be yourself!”
Authentic, trustworthy, brands with whom we emotionally connect have staying power. The others do too…but they won’t get our love. Imc2’s “Brand Sustainability Map” charts out this brand universe where the love and not-so-loved brands co-exist.
At the top-right are the familiar “love” brands but next to them and below them are brands that have enough to keep them going for a while. Emotional relationship brands aren’t maximizing that connection to its full potential or are missing something. In the bottom left are the reluctant relationship brands. These brands have traditional competitive advantages like high switching costs, high barriers to entry from competitors, patents, etc. which might explain why there’s a phone and cable company in that quadrant.