|
The Marketleap Report
Volume II, Issue #3 -
March 5th, 2002
Brand on the Run
Delivering Promises Sustains Brand, Not Impressions
by Keith Boswell
The Super Bowl dot com ad glut from
a few years ago left everyone wondering what in the
nether region was going on. How had a new interstellar
class of online businesses stepped into the economy,
and within a year captured the imagination and momentum
of nearly everyone backing the stock markets? Irreverence,
bad taste, anything that could shock was employed
to capture "mindshare" in a moment that
felt like a bit of capital euphoria.
The burning hull of the dot com implosion
gives insight into why advertising alone can't build
a successful brand. Taking the example of many of
the dot com's who poured millions, sometimes up to
half of their funding into a Super Bowl ad, demonstrates
that brand is not a term to toss about lightly like
cotton candy or pop rocks.
Brand too often is a word that makes
businesspersons ears turn sharply like a curious dog.
It can elicit groans, moans and an eye-rolling that
would convince anyone that zombies really do inhabit
corporate America.
In the dot com gold rush, building
brand was an urgent task meant to draw traffic to
a website and new business concept. The short sighted
nature of the exercise demonstrates a fundamental
error in brand thinking. Just go read
f**kedcompany.com for a little while to see the
smoldering ashes of online brand disasters.
If you don't believe that advertising
can be mistaken for brand, even by market leaders,
look at the whole "mLife" debacle that AT&T
Wireless just threw themselves into. mLife is the
new brand name for AT&T Wireless, but you wouldn't
know it from their ads. The ads are vague, with people
growing, getting together, mysterious but promises
of a better future.
Because the ads are vague and elusive,
many Americans are turning to MetLife.com
to find out more, not mlife.com. Oops! When mlife.com
advertised during the Super Bowl, people still went
to metlife.com. (Be sure check out mdeath.com
before visiting mlife.com for a comparison after this
reading)
Brand is value. Plain and simple.
It is a promise of value, but most importantly it
is the delivery of that promised value in a consistent
manner. If you don't deliver, the promise is hollow
and empty. Empty promises means mdeath.com. Success
is putting your heart on your sleeve and wearing it
like a sweaty bandana.
Too often, brand is associated with
the marketing department. All manner of companies
assume that the marketing department's sole job is
the long-term piloting of their wondrous brand. They
put out the ads, they keep up the message, and the
rest of the company focuses on delivery and water
cooler chat. Allowing brand to live in that magical
kingdom, where few inhabitants actively participate,
distances a company from its message and values.
How much did you realize you loved
Coke once New Coke was introduced? Why does Apple
continue to sell computers and software even though
they are predicted to evaporate like a bad Nostradamus
quatrain every other year? How has IBM maintained
a successful position in the computer industry for
decades? Value, consistency, and delivery helped each
of these companies ensure their brands were a real
part of their customer's world.
Each of the examples above also shows
us that brands can stumble and still recover. There
is a misconception that strong brands aren't allowed
to make mistakes. Mistakes often lead to innovation,
if taken and explored in the proper light.
Coke quickly released Coke Classic
because of the backlash to New Coke. Coke had to quell
a suddenly passionate user base. Apple weathered many
storms and naysayers, but held a loyal course leading
them into innovative product and software design.
IBM slipped in the operating system market and quickly
lost out to Microsoft. IBM held fast in hardware,
software, consulting services, and focus on delivering
success to their clients.
Delivering brand online is a difficult
proposition. In Christopher
Locke's phenomenal book Gonzo
Marketing, Locke reminds us all that companies
don't have a heart. Not a real one anyway. The employees
do. Your reliable products and services keep customers
hearts enamored.
Offline, face to face, brand is about
people, customer service, advertising, targeting,
and tangible delivery. Successful web businesses and
marketers have to develop a truly value enabled system
in order to effectively create a sense of brand awareness
online. They must exist as an offline brand in an
online world.
Who's doing it right? Take a look
at
Netflix.com. DVD player sales started an epic
rise at about the same time as the dot com boom. Created
as a service that anyone would appreciate, Netflix.com
currently serves over 500,000 customers and adds 15,000
new subscribers every month.
The premise is simple. A member can
check out 4 DVD's at a time for $19.95 a month and
there is never a late fee. The user can return the
movies by mail as soon as they are finished and can
then either order new movies to be delivered, or have
them automatically sent from a wish list they keep
online.
Netflix.com has surpassed Blockbuster
as the #1 bulk buyer of DVD's from movie distributors.
The convenience, price point, and service all combine
to make it one of the best services and business models
online. Netflix.com built brand on a promise of value
combined with consistent and successful delivery.
If you love movies, have a DVD player and haven't
been here, you really need to check it out.
EasyDNS.com
is another example of a company that is building a
brand online by delivering value. It's something you
don't notice until it isn't working. That simple tagline
says it all for EasyDNS.com.
Every domain name, web site address,
and email address on the Internet requires Domain
Name Service (DNS) to make it work. EasyDNS.com's
service provides a suite of domain name management
solutions for businesses that want to outsource this
critical function.
They are currently adding more than
a thousand domain names per week to their systems.
They are making it easy for businesses
to take control of the management of their domains
at a fraction of the cost they would incur to maintain
these services in-house. They took an opportunity,
defined value, delivered tools, and created a business
model that did not exist before. Their quality and
value, not a large advertising budget, is building
their business.
Companies have to speak to their customers
and innovate on behalf of them. Delivering value to
those you serve now means being better suited to current
customers and future prospects. Branding is more than
burning your name into the flesh of another and hoping
everyone will click through.
report@marketleap.com. |