College 5 Flashcards
What is the most important psychological aspect regarding brands?
People decide with their hearts.
Every decision you make is usually made unconsciously based on an emotion or a feeling.
You need to know how to connect to people.
What is a brand?
A brand is not a name.
A brand has a promise.
How does this quote relate to advertising? “If you want to build a ship, don’t drum up the men to gather wood, divide the work and give orders. Instead teach them to yearn for the vast and endless sea”
A strong brand fulfills a longing/ a desire.
If you do this well, you can keep this desire alive forever.
What is a promise about?
A promise is not about what you do, but about what you mean.
“The more often people see a brand. The stronger and more trustworthy the brand becomes.” what does this mean for brands?
Because of this, it is very important not to have too many labels and too many brands .
The fewer brands, the better…
A branded house
A branded house is when a company chooses to make a different brand for every target audience.
A logo (e.g., the Nike ‘swoosh’) is the umbrella for everything the brand does. This makes them very visible.
What does Nike do to connect to people?
At Nike, the focus is not the sport, but the athlete. It is not about basketball or soccer, but about basketball players and soccer players. It’s about people… This way you can connect to Nike, especially if you want to be an athlete as well. They make the promise that if you have a body you’re an athlete.
The receiver is central
Everyone can think from their selves. But think about what the receivers look for! How others think and what they want.
Brand architecture - Branded House
A monolithic brand that uses the same brand across all the company’s products, but they all have a label (e.g., FedEx).
Brand architecture - House of brands
A brand that also owns other brands, these have a different name and a different logo.
E.g., Unilever, they tried to cut the number of brands but they didn’t succeed.
Brand architecture - Hybrid
A brand that has sub-brands but also owns other brands.
E.g., Coca Cola (has different flavors but also has Fanta etc.)
Which brand architecture is the most desired?
The branded house, because that would mean you’re always visible. But this is not always possible.
Monolithic vs. umbrella brand
Monolithic: the same brand but with different labels (e.g., FedEx).
Umbrella: combining a brand with strong sub-brands that help to differentiate the brand and make it stronger (e.g., Apple, Nike).
- Also called a family brand
Endorsed brands
A strong sub-brand, but it uses the brand as a signature.
E.g., Kellogg’s
What do you need to build a strong brand?
Mental availability.
Physical availability.