Tag Archives: BrandBiteTool

Manage your brand like a band

There is a lot to learn from the music industry. It is a business that has gone through a lot of change ever since it started, yet it has a consistent approach in managing their superstars: the brands of the music industry!

The below lessons can help you to look at your brand differently or give you a different perspective. Have some fun while pretending you are managing your brand as if it were your number one band!

 

Lesson 1: A good story sells
Remember T.A.T.u? Profiled as lesbian singers causing controversy when kissing on a music video. It worked. A lot of press brought T.A.T.u. to the attention of many, resulting in singles and albums that were selling very well.
When it turned out the singers of T.A.T.u. were not lesbian things started to go downhill for the band. A good story sells, but it better be a real one.

Ask yourself: what is the story of your brand? Do you have one? Is it real? Is it personal?

Lesson 2: Never lose focus
Singers and bands all have unique styles. Their styles are their product categories and differentiation. When you hear on the radio your favourite brands, eh bands, you need only a couple of seconds to recognise them! It is the power of brand familiarity.

You will not see successful artists changing styles. Imagine the techno artist moving into classic or the rock band becoming a euro dance band? While many artists could do many different things they have learned that if they become everything to everyone, they will become nothing to no one.
Ask yourself: is your brand focused or does it mean many different things to many different people? Is there an opportunity to focus?

Lesson 3: Grow around your core
Artists grow, they modernise their style, they adapt to society and new trends. Growth is always natural and never radical. Think about Madonna, growing her brand by catching trends and expressing them in her own unique style.

Ask yourself: how has your brand grown? Have you stayed consistent or moved in many different categories? How do your consumers / customers really see you?

Lesson 4: Familiar but new
The music industry is a master in pushing new versions of the same songs. Think about all the special mixes, never heard before versions, live concerts, remixes, remastered versions, versions with booklets, ultimate editions and more.

Even bands that do not exist anymore still keep selling new materials. For example, The Doors released six studio albums, their last official album is from 1971. This does not stop them from pushing out new materials even as recent as last week!

The keyword here is New. After all, people are interested in New and buying New.

Ask yourself: do you clearly market new features or functionalities as New? Are they the main story in your marketing?

Lesson 5: Styles go out of tune
Music styles go out of tune. For example baroque music, once super popular, it is now a real niche. The same is happening to brands. Today’s popular product categories with popular brands will turn – over time – into a niche or simply die. Think MP3 music players, vinyl albums or CDs.

Ask yourself: in what business are you really in?

This post appeared in Markkinointi & Mainonta

Flip your brand

There are many logical reasons to line extend or stretch a brand. There could be an opportunity in a business domain close to your core business. In this case, extending the current brand into the new business area is often preferred over building a new brand, especially when budgets are tight. Perhaps the current core business is declining, and in order to survive, new business areas must be entered. Often the thinking is to save the brand in order to save the company.

Therefore, at some point most companies will think about stretching their brands. The assumption is that consumers can make the stretch too and will follow the brand into new areas, purchasing more along the way. “Consumers love our brand, so they will love our brand in the new product category too”. To prove this thinking, a healthy dose of consumer research is then conducted. And guess what? The consumers usually see an option for the brand to stretch! All good, so you think…

Unfortunately that is often not the case. In research situations, consumers are not actually buying the line-extended products. Rather, they are getting compensated to participate in the research. In reality, consumers do not always understand the extension and actually grab their wallets to make a purchase.

To find out if consumers will follow you and buy your brand in a new category, I suggest that you first try the “Line Extension Flip”. This test is a simple rule of thumb, and you don’t need any consumer research to do it. You just need a clear, open mind and lots of common sense.

First, think of your brand extended into the new target category. Then, imagine a brand already in the target category trying to extend into your current category. Finally, ask yourself, “Does this make sense?”.

I’ll try it with some examples:

Your current brand and category: Angry Birds mobile game
Your brand extended to the new category: Angry Birds children’s book
FLIP IT
An established brand in the new category: Pip and Posy children’s book
That brand extended to your current category: Pip and Posy mobile game
Does it make sense? Yes!

Current: Angry Birds mobile game
Extension: Angry Birds HDMI connector
FLIP IT
Current: BlueRigger HDMI connector
Extension: BlueRigger mobile game
Does it make sense? No!

Current: Fazer Blue chocolate bar
Extension: Fazer Blue chocolate drink
FLIP IT
Current: Oatly chocolate drink
Extension: Oatly chocolate bar
Does it make sense? Yes! (Cannot wait!)

Current: SOL cleaning services
Extension: SOL security services
FLIP IT
Current: Securitas security services
Extension: Securitas cleaning services
Does it make sense? No!

There are a couple of things to keep in mind before you start “Flipping”. First, only flip product brands. Remember, consumers buy products, not companies. Secondly, if the brand you want to extend is the current category leader, then it will have strong associations to that category in the consumer’s mind, and therefore you will find it is less likely to make the stretch. On the other hand, if your brand has no strong associations with anything in particular or has association with many things, it is more likely to be extendable. Finally, always Flip brands in the context of today’s market situation. Don’t use the Flip test to post-rationalise past decisions.

Now, try the Line Extension Flip test on your brand extension idea and let me know the outcome!

This post appeared in Markkinointi & Mainonta