So this is my 6th, or 7th if you include Google glass, post about marketing week live 2014. I’ve been a bit quiet the last week but in that time I have seen the Tour de France fly past me on Bird Cage walk in London, won an 18 hole round of foot golf and have also been violently sick! So back to the blog and this post concerns creating brands that make you stand out from the crowd. At the top of my notes about this conference was this paragraph: ” Is this show missing a huge target audience by having such big/senior names holding talks at the show, whose talks are inspirational but aren’t always achievable or relatable?”.
I wrote this after the 6th conference as it was clear that my fellow marketers in the audience, may struggle to interpret or implement many of the big ideas that these marketing seniors were promoting. ( I wont even mention the last conference of day 2, which was focussed on agile marketing. The speaker actually said that creating a financial budget for agile marketing is more about achieving an objective or ROI, rather than sticking to a budget, i.e. if you don’t achieve what you set out to, throw more money at it, MADNESS!)
So when It came to this conference about Power Brands, led by Ed Pilkington of Diageo, I thought it was going to be another of these “Were so amazing” lectures that simply aim to promote the brand and how good its agency is. But In a sense I was wrong. This talk focussed on different aspects of branding and what it takes of brands to become powerful and ultimately well-known.
The core principles of Power Brands as suggested by Ed were:
- Bring in new customers
- Scalable
- Stand for something
- Know how to use data
- Creative and within culture
- Innovate and stay first
All of these are quite generic and you may argue that many powerless brands practice these principles on a daily basis. But there was one small section of the talk that I thought was the most relatable and interesting point that Ed made, which was that “Brands need to work hard to find a way into people’s lives. They should create memory associations through physical experiences and personal connections”.
It is this that I think separates a Power Brand from a Brand. If you think of the physical experience you have when you bite into a piece of Dairy milk, or take the first sip of a Guinness, they instantly remind you of why you have come back to the product. You want that physical sensation again and this how Power Brands find ways into people’s lives, by recreating a previously pleasurable experience. This ideology is championed by Marmite, who know that their product is a ” Love or Hate” consumable, but they have embraced the idea that Marmite gives different people different memory associations, and it is this emotional connection that makes Marmite a truly Powerful Brand.
Whilst I’m wittering on about Marmite, Ed Pilkington did also mention that Power brands have clear Iconography, that have really detailed combinations. Again Marmite achieves this through its jet black packaging and bright yellow lid. I’m sure if you took the labelling off that alone would make you realise what the Product is.
So if you are looking at your brand, and thinking how could Improve what I currently do, I would start by trying to create a physical experience that customers can associate with. This memorable experience, combined with clear iconography will be a great start to brands evolution.
James