From the category archives:

Branding

Branding ArchitectureBranding is a bit of a mystery for many small to mid-market (SMB) companies. There are many opinions and methods as to how best approach it.

Top creative agencies have their own “proprietary” methods for crafting brand strategies. They have to, in order to position themselves against competing agencies. They use cool-looking graphics: circles, triangles, and flow charts to illustrate attributes, values, personality traits, and promises.

Many SMB companies never bother to craft a brand strategy, instead allowing the market to brand them, for better or worse. Deep down, SMB marketers know they should be putting more effort into branding, but many don’t know where to start.

The good news is, if you were to break down most agencies’ proprietary branding methods, you’d find many similarities.

If you’re one of the 90% of companies that don’t have the budget to hire top agency talent for your branding, don’t worry; with a little elbow grease and a good plan you can create your own brand strategy. Solving the branding black box just takes a little learning and a strong commitment.

Brand Architecture is Your Brand Strategy Foundation

The key to your entire brand strategy is your brand architecture. Your brand architecture sets the foundation for all the other components of your brand, and aligns your brand personality traits, your means, your promise, your story, and your visual and operational requirements into a single unified structure.

Brands play on our emotions, so your brand architecture should uncover the specific emotions around which you might build your brand.

To create your brand architecture, follow this five step process:

1. Start by listing each of your product/service features. Then, list the benefits of each.

  • A feature is an element of what something does or what it is. For example, a car’s features may include a ski rack and an upgraded stereo system.
  • A benefit is a positive result that the feature delivers.

2. Now focus on the benefits. For each one, determine whether it’s functional or emotional.

  • A functional benefit is directly related to the functionality of the feature. Example: An upgraded stereo provides higher-quality sound.
  • An emotional benefit is one that evokes a feeling or emotion. Example: An upgraded stereo might make the user feel like a rock star.

3. Next, review each feature and benefit individually, and determine its level of importance to the market. Assign each to one of three categories:

  • Expected: These are basic and expected; a customer won’t buy without these features or benefits. Every product/service in this category must offer these features.
  • Adds value: Not expected, but most customers probably won’t purchase based on this factor alone. Nevertheless, it helps differentiate your product/service from those of your competitors.
  • Will buy: Customers will choose you over your competitors based on this feature/benefit alone – it’s just that valuable.

4. Now, rank your features and benefits. Brands play on our emotions—even B2B brands. The strongest brands are built around emotional benefits. Use this ranking system:

  • Features that are expected = 1
  • Features that add value = 2
  • Features that will buy = 3
  • Functional benefits that are expected = 4
  • Functional benefits that add value = 5
  • Functional benefits that will buy = 6
  • Emotional benefits that are expected = 7
  • Emotional benefits that add value = 8
  • Emotional benefits that will buy = 9

5. Few brand architectures are built around features, but by including them in the rankings, we emphasize the importance of focusing on benefits and, more specifically, emotional benefits that cause people to desire your offering on a visceral level. The final step is to identify the emotional benefits that will become the core of your brand strategy.

  • Typically, you should focus on the highest rankings for the architecture of your brand. Evaluate all of those with a ranking of 6 or higher. You might decide to include a few functional benefits with the emotional benefits.

Carefully consider the functional or emotional benefits you select for your brand architecture. You’ll spend a lot of resources to convey these to the marketplace, so test them amongst your team and your market if you’re unsure.

After you’ve decided on your brand architecture, you can begin thinking about the other components of your brand strategy: your brand personality traits, your means, your promise, your story, and your visual and operational requirements.

If you’d like to use our branding tools to help you complete this process, you can access them from our marketing management platform.

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Last week we went live with our new application. Our new brand – Growth Panel – was born!

Since many of our customers have asked for case studies of companies at specific stages of our marketing process, I thought I’d share our thinking and the initial results of the rebrand.

The decision to rebrand came after reviewing feedback from user testing conducted in February. Most of our customer testers commented that our updated version was much different from our previous app, and deserved a brand that better expressed its capabilities.

I have to admit, the rebrand was a painful process. We were on a tight development schedule, which can sometimes interfere with getting the creative juices to flow, and quality results aren’t always compatible with short deadlines–especially when the team is already overworked.

When you force it, you often get weak results, or worse yet, utter garbage (like MarketWok or SparkSauce!)

The Anatomy of a Rebrand

Our initial list of names contained 156 options. Many of the names we liked didn’t even make the list because I wanted the .com URL to be available. There are simply too many variables when negotiating with third-party domain squatters, so why even entertain it?

We had some really crazy names on the list, but in the final stages, the choice became clear. We wanted a name that would support and complement all our stakeholders’ brands:

  • Marketing & business consultants
  • Their clients
  • End-user marketing teams
  • Partners with co-branded and private-labeled versions

The cool thing about Growth Panel is – it works!

Then we had to decide how to describe it. The new app doesn’t fit into any existing product category. Growth Panel contains online project management, document management, plan-generation functionality and electronic customization for the career’s worth of content that’s included in the offering.

During testing, users started referring to our new baby as a marketing platform. We liked that and we decided to go with it! Growth Panel is a marketing platform.

We also don’t fit into any of the existing software spaces that the analysts have created: EMM, MRM, marketing operations management, analytics, planning, marketing automation or basic project management (though Yahoo seems to think that we’re solely project management).

Maybe we’re closest to EMM (enterprise marketing management), but since we’re focused on SMEs and loaded with marketing intelligence that most SMEs don’t already have, we decided to call our space Intelligent Marketing Management.

Growth Panel Messaging

So here’s what we settled on for our basic messaging:

Marketing Content + Online Project Management = Intelligent Marketing Management

Growth Panel is software-as-a-service (SaaS) that blends a career’s worth of marketing content with online project management. It’s a marketing platform that enables users to create marketing solutions, add their own expertise to make it their own, and organize and manage their marketing activities.

Join the Conversation

We’re starting our soft-launch and laying the foundation for our social media Internet marketing strategy. We expect to ramp up over the summer, so join us and be a part of the conversation.  You’ll find us at:

Take a Peek

We have plenty of screenshots and full audio/video screencast demos on the new website, but you check out a few screenshots below:

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“The sweetest word in the brand universe is your brand’s name.” This obvious quote is from Bill Schley & Carl Nichols, Jr. in their unheralded book “Why Johnny Can’t Brand.”

Your name is the first and most powerful part of your brand. A great name can help you stand out in a crowded market.  It can position you as a leader, convey your culture, even explain what you do in a word or two.

Conversely, a weak name can neutralize or even negate the work you do to build a brand and market position.  A weak name is easily forgotten and can limit your opportunities in other markets if you plan to expand.

Consumer product companies understand this, and tie their brand names directly to their brand strategies. Most B2B companies take a more haphazard approach. Those that don’t put any effort into branding simply choose a name, charge forward and end up being “branded” by the market. Or worse yet, they’re simply ignored.

It’s a big undertaking to change your brand name. When is it worth it? Consider changing your name if you’re redefining or repositioning your brand. Here are three reasons to do it:

  1. Change to distance yourself from a negative event.
  2. Clarify a confusing or non-descript brand.
  3. Better represent an upgraded product/service that’s outgrown the existing brand.

Quantify the Costs

Did I mention that changing a brand name is a big undertaking? As with any business decision, it’s important to weigh the costs and benefits. Break down the costs into hard materials and the time and effort to replace them. These can run anywhere from tens of thousands to millions of dollars, depending on your company size.

Corporate Identity/Product Packaging Items

  • Letterhead
  • Business cards
  • All printed materials
  • All promotional items, signage and banners

Sales Literature and Tools

  • Website
  • Company brochure
  • Product / service data sheets
  • All presentation materials
  • Product demos
  • Folders
  • Templates

Interactive Tools

  • Email newsletter
  • Electronic branding on other websites
  • Company blog

Evaluate the Benefits

It’s straightforward (though not easy) to estimate the cost to change your brand name. The benefits aren’t so easy to quantify. Many of them are intangible and subjective. While this is pretty easy for a branding expert to pinpoint, most SMBs don’t have branding experts facilitating this decision-making process and are left fending for themselves.

Start by considering the following:

  • How many years have you been using the existing name?
  • Would a change alienate or confuse any existing customers?
  • How much goodwill is built into your existing name?
  • If you were to change your name, would you lose any revenue as a result? Estimate the dollar loss (if any) over a period of one year.

Now review your brand strategy. Is your name in sync with your brand? Does it reflect your brand promise? Carefully evaluate your position in the marketplace and your last 3-5 years of sales revenue. How well does the market respond to your exisiting brand? Are your revenues growing at the same rate as your competitors? Do your marketing programs produce large quantities of new leads? Or is it a battle just to keep your existing customers?

If you’ve significantly changed your product or are trying to distance yourself from a negative brand, this decision is easy. The tough decision comes when you’re attempting to jumpstart a weak brand. Many times, a weak name and indistinguishable brand cause the above problems. A fresh name and well thought-out brand strategy might open new avenues for growth that far outweigh even substantial rebranding costs.

If you doubt it, check out how many celebrities have changed their names to become more marketable:

  • Vincent Damon Furnier to Alice Cooper
  • Eleanora Fagan to Billie Holiday
  • Demetria Gene Guynes to Demi Moore
  • Ilynea Lydia Mironoff to Helen Mirren
  • Eilleen Regina Edwards to Shania Twain
  • Marion Michael Morrison to John Wayne
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Your brand lives in your sales team

Have you ever considered firing your star salesperson??
I thought not.
Yet that’s just what the CEO of Anthropologie did.  It’s one of the great stories in “Mavericks at Work: Why the Most Original Minds in Business Win” by William C. Taylor and Polly LaBarre.
We’ve talked about hiring sales reps that live & breathe your brand. They connect [...]

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Business brands: Same impact as consumer brands?

How important is branding to a B2B company?  A German radiologist, Dr. Christine Born, has presented research that shows that business brands can cause the same type of brain activity as consumer brands.
Kevin Helliker’s article about the study, “This is Your Brain on a Strong Brand: MRIs Show Even Insurers Can Excite”  ran in The [...]

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