MBA in a box - Tai's Vault
Brand = Status
What status is attached to your name
3 things a brand does for its customers;
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Marketing is the vehicle by which you convey the status
You must convey 8 things:
Functionality, ease of use
Appearance, beauty
Technological differentiations
Quality ( lamburghini )
Convenience
Customisation
Reliability, safety ( we have experience, we won awards, with us its a safe bet )
Image
You can't have both a ferarri and a prius, you must use a primary differentiation of those 8 above
Spend the 90% on the who is doing the advertising, 9% on the what, 1% how you are gonna do the advertising
For every 30 mins you spend on your name logo spend 100 hours on your customer base what they are interested in what excites them
Once you know the primary differentiation, after the who and what
For a cool hotel business ( hotels tonight ):
You make millions by defining the who ( say last minute shoppers )
What ( discounted stuff )
Convenience and technology
Don t major in minors
90% who is going to be my viral fan?
How? Iconography = packaging ( website, box)
You have to protect the brand, nurture it, then it will carry a lot of weight and you will be fine
Signal key words to your target audience " are you late with? Do this..."