A friend who is a Fortune 500 exec asked us recently, “What really makes a brand?” We knew he was an experienced and knowledgeable guy, and we owed him a thoughtful reply. What initially came to mind were all the elements that affect a brand: its logo, its catchphrase, its positioning, and so on.
But after really thinking it over we came up with an answer that seemed to be the bottom line: A brand is the consistent delivery of its promise. A brand without a following is really just a logo. As long as your consumers’ expectations are consistently met, they will generally remain loyal and increase your brand value.
At first those expectations are based on your claims as the producer, then the experience of family, friends and professional reviewers. But once your customers have a positive personal experience with your brand, they virtually stop shopping. If the brand continues to deliver over time, they become loyal to the brand. That repeated experience results in an expectation or brand promise.
You may think you are formulating your brand promise in your marketing department, but its true promise is created by your consumers and their perception of your brand. In effect, they own the brand. If you are sensitive to that ownership, you will meet their expectations year after year.
4 Pillars of Brand Promise
In our experience, we have found that the Brand Promise stands on 4 important pillars:
No matter how good your brand is, they can’t buy it if it isn’t there! When your customers can’t find your product where they shop, they don’t complain. They don’t special order. They just buy a similar product that is there! Even when your product comes back in stock they are hesitant to buy it again because you broke an essential part of your brand’s promise, to always be conveniently available.
Also known as value for money, your brand’s positioning relative to the other offerings in the market sets up an expectation. Price changes, repositioning, and other inconsistencies can be fatal to brand loyalty. Your brand’s real or perceived value must live up to your customer’s expectations. Don’t let your bookkeepers and your production departments inadvertently “cheapen” your brand to “save” money or increase “profits”. These tactics can break the brand promise and lose your loyal customers.
How you get the word out about your product or service sets up an expectation in the minds of your consumers. When you suddenly change advertising venues or techniques, you risk breaking the brand promise. This is critically important when you rely on networking, referrals, or word of mouth. If you suddenly go to commercial advertising, you risk offending and silencing the very word of mouth advertising you have enjoying.
Everything from your logo to your catchphrase, from your packaging to your signage must deliver the reliable message of consistent dependability. Packaging produces a perception of value that can trump even price. So when it comes to changes or “improvements,” use evolution, not revolution. When sales are slow, the temptation is to change the logo or the package. Many times this prescription breaks the brand promise and has the opposite desired effect.
Most consumers don’t want to shop. They want to be rid of the anxiety of not knowing what they will get. They don’t really want to waste precious time and money in trial and error, looking for a new brand that may or may not deliver. It’s easier to stick with a brand they have grown to rely on.
Once you discover your customers’ perception of your brand promise, deliver on that promise consistently and dependably. Remember, honoring your brand promise is not what you say; it’s what you do – and don’t do.
Who We Are
Michael Houlihan and Bonnie Harvey co-authored the New York Times bestselling business book, The Barefoot Spirit: How Hardship, Hustle, and Heart Built America’s #1 Wine Brand. The book has been selected as recommended reading in the CEO Library for CEO Forum, the C-Suite Book Club, and numerous university classes on business and entrepreneurship. It chronicles their humble beginnings from the laundry room of a rented Sonoma County farmhouse to the board room of E&J Gallo, who ultimately acquired their brand and engaged them as brand consultants. Barefoot is now the world’s largest wine brand.
Beginning with virtually no money and no wine industry experience, they employed innovative ideas to overcome obstacles, create new markets and forge strategic alliances. They pioneered Worthy Cause Marketing and performance-based compensation. They built an internationally bestselling brand and received their industry’s “Hot Brand” award for several consecutive years.
They offer their Guiding Principles for Success (GPS) & Shelf Smarts courses to help consumer product brand builders achieve success. Their book, The Entrepreneurial Culture: 23 Ways To Engage and Empower Your People, helps corporations maximize the value of their human resources.
Currently they travel the world leading workshops, trainings, & keynoting at business schools, corporations, conferences. They are regular media guests and contributors to international publications and professional journals. They are C-Suite Network Advisors & Contributing Editors. Visit their popular business site at www.thebarefootspirit.com.
To make inquiries for keynote speaking, trainings or consulting, please contact email@example.com.