Brands are meaningless without products. It used to be easy in the old days, before service companies came about. Everything was clean; you bought things that went thump on a table or desk. You bought stuff. Stuff had qualities to which you could associate value. Then along came services like insurance and banking — and value was derived from process and experience. In this world price became even more important.
Fast forward 30 years past the service economy to the information economy, fueled by integrated circuits and computers, business accelerants, and product have become a much smaller part of the economy. The science of marketing in this economy has become “magical.” And not in a good way. In a way where magic is unexplainable. Enter the overuse and obfuscation of the word brand. Brand has become the ephemera around which fees and silly ads are built… around which logos and taglines are traded.
But let me take a breath. Branding has evolved.
Service companies can be brands. They can establish muscle memory for the value of a process or experience. But it takes a framework. It takes, as I like to call it, an “organizing principle for product, experience and messaging.”
I’ve done brand strategy this work for billion dollar organizations, service groups within billion dollar orgs and small businesses who sell to billion dollar orgs. And you know what? Every service is the same and every service is different. If you’d like to take the bad magic out of your marketing, write me (steve at whatstheidea) and I’ll share some examples of powerful service brand strategies. Peace.