Many people mistakenly believe that simply affixing a logo to a product constitutes brand creation. This misconception, often referred to as creating a “white-label brand,” misses the deeper essence of branding. Major brands like Muji, IKEA, Uniqlo, Dyson, Apple, and Gogoro have products that consumers recognize even without a logo.
A brand represents a deeply ingrained spirit and belief system. The ultimate test of a brand is whether consumers can identify it even without its logo. Oversized or flashy logos on lesser-known brands often come across as cheap and detract from the brand’s value.
The Allure of a Brand Story
Exceptional brands often have compelling narratives. Think about Marvel movies—if they only showed the last five minutes, revealing the good guys won but omitting the trials and twists, would audiences be as engaged?
Brands need captivating stories. Early adopters often connect with these stories. For example, Steve Jobs’ comeback after being ousted, Dyson’s thousands of failed attempts before succeeding, and Jack Ma’s journey from English teacher to entrepreneur are narratives that resonate.
Taking a Stand with Niche Markets
A common reason for brand failure is the attempt to cater to everyone, which results in a lack of personality and clear stance. Serving a niche market doesn’t imply that revenue growth is impossible. In fact, it allows for more concentrated efforts, becoming a powerful market force.
Brands should avoid trying to please everyone; preferences vary widely, and attempting to win universal approval often leads to mediocrity.
Perpetual Rejection
A brand focused on expansion is at higher risk of losing its core identity. Successful brands often experience more rejection than acceptance during critical growth phases. For example, if a minimalist brand receives a multimillion-dollar order contingent on changing its packaging to a more colorful style, should it accept or reject the offer?
Adhering to a brand’s ideals involves internal struggles. Accepting one compromise can lead to more, gradually transforming the brand into a generic supplier. This erodes consumer loyalty and decreases profit margins, trading long-term success for short-term gains.
Embracing Criticism
A brand without a clear stance, adversaries, or critics risks becoming irrelevant. Brands that alter consumer habits and pose a threat to existing brands will face criticism.
For instance, a startup may initially produce only white products due to limited resources and then gradually expand its product range. This might attract comments like “Nothing special about the white color,” but increased revenue and a growing loyal customer base prove that staying true to one’s vision is viable.
The Owner = Brand = Consumer
This is crucial for any business owner. If an owner invests in products they do not understand or cannot relate to purely based on market potential, the brand’s failure likelihood is high.
Many owners want to target younger markets but interfere with youthful ideas by demanding changes like larger logos or more colorful designs. The owner’s tastes and personality often dictate the brand’s trajectory. If these do not align with the consumer base, it can spell disaster.
Conclusion
Maintaining a brand’s integrity involves more challenges than one might anticipate. Every experience and story is unique, and the insights shared here may not be universally applicable but could offer valuable lessons.
When seeking advice on brand creation, it is advisable to review these principles to avoid misunderstandings and align expectations.