There is plenty to ponder when the subject is branding. Lots of agencies, consultants, marketing gurus and academics have frameworks and models for assessing a brand’s strength. Varying definitions abound. I like Seth‘s:
A brand is the set of expectations, memories, stories and relationships that, taken together, account for a consumer’s decision to choose one product or service over another. If the consumer (whether it’s a business, a buyer, a voter or a donor) doesn’t pay a premium, make a selection or spread the word, then no brand value exists for that consumer.
Therefore a brand is a promise, a pledge of trust. Without the buyer’s willingness to believe in the delivery of that promise, the brand is irrelevant. So confidence in the minds of consumers is essential.
But so is confidence in the mind of the marketer.
Confident brands lead from a position of authority. They take risks. They don’t need to over-explain or hard-sell their customers. Options are abundant. This is a brand playing offense.
We can easily sense the brand that lacks confidence, that sadly has lost–or never had–its mojo.
Unconfident brands are defensive. They cast too wide a net for customers. They compete too heavily on price. Their advertising lacks focus and nuance and instead is characterized by shouting and bludgeoning. They default to one size fits all marketing.
The real tragedy is that what flailing brands need the most is precisely what they lack. Without the confidence to face the realities of their situation and to take the bold actions to get on a path to prosperity, their ultimate fate is sealed.