Many people believe that their logo is their brand, and that they should make it as large, prominent and flashy to stand out from the crowd as much as possible- you know- to get noticed!
And that is why many advertisements fail.
What often gets lost in the ‘branding’ process is that your brand is much more than a cute logo, or your face, or how you write your company’s name. I work with many businesses that thought that if they displayed their expensive logo as large as possible people will walk/call/E-mail them and hand them thousands of dollars and say “Wow- you’ve got a very impressive logo- I couldn’t wait to give you my money! Thank you for taking it from me!”
So I ask you- how often have YOU had that conversation with someone you decided to do business with? Heck, when is the last time you paid more than a 20% premium on the “Brand Name” with no other clear differences? My guess is, as the savvy shopper I bet you are… is a long, long time ago.
So what is a brand really- and what builds up real, bankable brand equity?