brand strategy fees

You are currently browsing articles tagged brand strategy fees.

$17,500 is the number I use as my brand strategy fee. It covers one month of work and a brand strategy. A brand strategy is here defined as An organizing principle for product, experience and messaging.  The brand strategy itself comprises “One claim, three proof planks.” What’s a proof plank, you ask?  A homogeneous array of consumer value examples.  I’ve been using $17,500 as a fee for close to ten years; it’s time for rate increase.

Starting February, the monthly rate will climb to $20,000. Inquires fielded before February will hold old pricing.

Many small companies spend scores or thousands of dollars on advertising and marketing. Larger companies hundreds of thousands. And most do so without a brand strategy. Without an organizing principle. Those who invest in a brand strategy make the best one-time investment of their business lives.

A pittance in the total scheme of things.

Peace.  

 

 

Tags: , , , , , , ,

I was talking to a colleague last week, a newly minted consultant, who asked my opinion on licensing brand strategy.  I suggested once a brand strategy is sold, it makes sense to put an annual license fee on the strategy, for as long as the company uses it. A nominal amount. Rather than simply sending an invoice each year, the fee should come with value. And that value is an open-ended offer to the client to share work with me for validation – so they know it’s on strategy. The fee would also cover an annual refresher or training course on the brand strategy – one which new employees or agencies should attend.

One of my biggest regrets with What’s The Idea? is that I often finish a brand strategy then sail into the sunset; leaving the brand and marketing managers to deal with compliance. At mid-size, small and start-up companies marketing directors typically don’t have these skills.

My friends at Brandtuitive are good at this. They make sure training is part of their engagement. The notion of making a company pay a recurring annual fee for training and compliance, albeit a small one, makes lots of sense. But is has to be more about compliance than a license of the idea. (And remember “Campaigns come and go, a powerful brand strategy is indelible.”)

Thought?

 

Tags: , , , , , , , ,