Tangible Branding

TangibleMORE SUBSTANCE, MORE SHINE

‘Seeing is believing.’ The idiom above, which first came on the scene in the early 17th century, intends that “only physical or concrete evidence is convincing”. In other words, it is the substantial that is perceived and readily accepted as real. To distinguish the physical from the spiritual, the palpable from the impalpable, the form from the formless, the human mind heavily relies on the senses. What is definite to the faculties exists and is tangible.
Lairesse’s Allegory of the Five Senses
However, it is not an impossible task to capture the obscure outline of a shadow on the wall and transform it into an expressive graffiti. That is to say- what is intangible can be made tangible.

Tangibility as an induced characteristic manages to lend substance to an otherwise elusive entity, bringing it into clearer existence. Brand is one such entity.

With so many rival brands offering competitive products, providing similar and frequently superfluous experience in a market, it is all too easy for a brand to get lost in the noise of commonness.
I do not admire greatness that has no substance. ― Mary Balogh
To truly come alive, the brand needs to gain a foothold in the customer’s perception of the physical world. For that it must aim to deliver utility. The brand must become tangible.

Tangible brands cultivate a deep distinctive connection with the consumer. There is a tactile sense to each interaction. The brand comes across as a living, breathing person, ready to help with its unique tools to solve or satisfy.

Such tangibility, when associated with a brand, provides many opportunities to augment customer loyalty. The customers tend to invest more, both emotionally and financially, once they think of the brand as singular.

Brand Tangibility is vital in order for a brand to convey itself as being ‘of this world’. A tangible brand is coupled with a definable feeling which is unique to the company. The more useful and relevant a brand, the more customers are likely to get attached.

TOMS presents shoe-shoppers with a chance to absolve their social conscience by participating in a philanthropic purchase. For each pair of shoes sold, the company donates a pair to someone in need. The details are shared with the buyer on his phone, post purchase. Customers have noted a feeling of accomplishment wash over them when they see the physical proof of the donation in their name.

The presence tangible brands seek to maintain is long-term and personal. Brand leaders chose to provide utility by staying up-to-date with their customers’ needs and attitudes. They embrace technology, acknowledging it as the reshaper of the human experience, and master online and offline marketing strategies.

The need to integrate tangibility is even greater for a service brand. Service brands struggle with brand penetration since their product offering has little or no differentiation. The senses are deprived of things to touch, feel, hear and experience.

Moreover, consumers take notice of the service only when it malfunctions, finds a study conducted by Utility Week. A tangible aspect, when incorporated, allows the service brand to differentiate itself on the basis of an identifiable physical presence and emotional connection. To enhance the brand tangibly, the goal should be to educate, entertain or inspire the consumer.

Tangible Branding can be defined as the art of making the brand seem more tangible to its customers either by way of inciting the utility of the brand or by giving the brand a uniquely interactive voice or face.

Building a tangible brand requires an Industry Analysis, that is, a fair assessment of tangibility of the product/service provided in comparison to one’s competitors in the market-place.

Uber managed to take a tough-to-please service like transportation and give a favorable cost-to-experience ratio by delivering solutions for the common industry headaches like driver unreliability.

Tangible1
Design is another important marketing strategy employed by tangible branding.

Smart-e set up an Energy Conversation Centre in Guilford, giving a brand with previously no tangible value a chance to physically interact with its consumers. The founder, Dave Nugent says they try to provide services that suit customers’ every day usage and that convey an energy ‘harvesting’ or energy generation message. Since no customer likes the hard sell, the centre incorporated tangibly expressive elements (infographics, light-up tiles, see-through heat converter pipes) in the centre’s décor to resonate with the idea of energy consumption and conservation. The centre also boasts of a gym which shows, for instance, how much cycling will power one hot shower. The play area has a conveyor-belt slide which lights up from the kinetic energy of the children’s movement. The company created a place where their customers actually wanted to be! What is more, the centre’s hard work made the real value of the brand visible to the customer. The intangible was made tangible through innovative design which could be felt and seen. Tangible Branding also resorts to Tangible Marketing, which is the use of promotional items (like branded stationary or personalized items) to contribute to brand recognition and customer loyalty. Going above and beyond shows the company’s willingness to put efforts to earn and keep a prospective client.

Creating a memorable marketing piece requires selection of a creative Gift and/or attention-grabbing Tagline. A good example of tangible marketing would be the silicon Livestrong bracelets. The custom statement-on-a-wrist turned out to be very successful as a fundraising tool for the cancer awareness cause.

In order to highlight tangibility, most retail brands nowadays propose loyalty cards to their customers, inviting them into the exclusive club that is their brand.

Furthermore, the Social Media platform has proved very useful for improving tangibility of a brand through customer networking. Brand forums online readily offer help to consumers and deliver speedy solutions. The idea is to expose their target audience to their tangible brand elements and what they stand for.

The literal personification of the brand results in Mascots. Where logos are the tangible elements of a brand, mascots are their tangible representatives. Think of a Ronald McDonald and you inevitably think of McD burger/fries. The mascot and the product by association, both embody the brand value of happy times.

In this way, extending to a physical presence can amplify the commercial and competitive value of your brand. More substance, more shine.
A question arises, however.
How do you know that you, as a brand, are in fact tangible?
People today are bombarded with so much Advertising and in a world where a plethora of brand choices prevail per vertical. It really is hard to get the true picture of tangibility. What makes you real is the tangible of intangibles which, however easy to materialize, is difficult to measure. The real question to ask, therefore, is Will they miss you when you are gone?  Answer this and you will know where you are on the brand tangibility scale. Tangibility is not a wishful thinking. It can be brought into the daylight out of the shadows. It is just a matter of filling in the outlines. It is just a matter of showing.

For, seeing is believing.


Contributed by Ankita Verma, (Class of 2009, IBS Hyderabad)

5 steps to build your own brand

You are a product. Be wanted! 

You may be a star in whatever you do. You could be a great academician, a skilled sportsperson or an artist — but in an MBA college, you are just likeeveryone else. It is easy to get lost. So do not waste yourself — build your brand and be remembered.Brand

Most of us think the world will recognize us for our achievements and everything will be fair in the end. Sometimes, it is too late before we realize that ‘fair’ can be a ‘fairy tale.’

If you want to create your own brand, ask yourselves these five simple questions:

  1. Are you capable of making noise?

If we are capable of doing something or we actually do something, let others know about it. It is of nouse to work in isolation and wait for the world to recognize you. We need to recognize ourselves before that. Telling others what we have achieved and how they can benefit from it is a win-win situation for all. The best way to do this is to spread your achievements through word of mouth. Impact is only a “good-to-have” unless it is communicated to the right people.

Case: Suppose you play guitar and there is an annual festival in your college. There may be 50 others like you.So how do you differentiate yourself? Do not wait for the auditions and competition. Start making people aware of your guitar-playing skills from day 1. By the time your annual festival takes place, people already have your name in mind. This way, you would have already established your brand for a particular skill. And when the time is right, leverage the opportunity and buildyour visibility.

  1. Are you honest and simple?

According to a research, the most effective way to reach consumers is not through detailed and complex websites orflashy advertisements, but rather through simplifying the decision-making process; in other words, presenting exactly what consumers need to know, while leaving out the rest. In fact, this research reveals that companies who simplified and streamlined the decision-making process for their customers were 86% more likely to make a sale. We are like products — if we are simple to use, people will find us more suitable for their purposes. So we need to make sure we do not come across as complex personalities. Be approachable and honest. By honest, I mean never making false promises about our capabilities.

Case: One of my classmates in college appeared for the placement cell interviews, theatre and dance competitions, and commerce fair. People thought he was an all-rounder. He created a great image of himself.  Unfortunately, he could not make it anywhere. I remember him quoting – “I should have kept my focus and not rushed for everything.” ’Less is more’ truly applies here. Our capabilities should be simple, effective and true.

  1. Are you generous and considerate?

Do you believe in giving back? When we think of the Tata Group, we do not only talk about its products, we always mention its in-depth approach of giving back to society through CSR activities. People know you more when you make a difference to their lives, rather than taking from them to make a difference to your life. So your brand building is directly proportional to what you do for your classmates, your professors, your flatmates, your maids and even your toughest competitors.

Case:During the selection of our class representative, students voted for a classmate who was not an expert in studies or possessed any significant leadership qualities. He was a people’s person, showed empathy and had created trust in fellow classmates. The opposition contender who had a great rapport with professors and an image of a strong leader lost in this case. I learned then – a leader always takes his people along.

Branding

  1. Are you dependable?

Times always tests you when you are least prepared for it. These are the times when you need to be dependable and exhibit commitment to the people who have shown faith in you. You are their role model; they will talk about you in front of others. You should never let them down by taking any hasty decisions. It is not necessary to win for them, but they want you to fight for them till the end. If you find your team member missing from the group presentation day, that person is not dependable.

Case:In 2006, ViratKohli continued to play his batting innings even after hearing the news of losing his father the same day. His deep level of commitment and determination created a great brand for him. This incident may be lost, but the people involved here will remember Virat’s commitment for their lifetime.

  1. Are you the future?

A very important aspect of creating your own brand is to focus on both the present and the future. People’s trust is long-term. We do not want to be a wave, but want to remain and be remembered forever. Consistency is what distinguishes you. Achieving this is very tough. It demands great courage and sacrifice, as we tend to falter when boredom hovers around us. People with great brands remain consistent in their ability to deliver. They also keep innovating with their delivery methods.

Case:The best example of a brand that comes to my mind is the Indian Army. Many in the Indian Army have forgone their family pleasures and sacrificed a civilian’s life to protect our borders.In my opinion, they are the most consistent people and will be remembered forever. Their brand will remain intact.

Your MBA and professional career will provide you various opportunities to build a brand for yourself. Stay simple, consistent, emphatic and dependable to touch other people’s lives. And you shall be a winner everywhere.


Contributed by Virag Jain ( Class of 2010, IBS MUMBAI )

THE CULT CULTURE

Every human being is born with very little self awareness. And from that moment on, begins a lifelong exercise in construction of one’s unique identity. Personal identity is possessively guarded by the person and the sense of self is supreme. Despite this deep internal knowledge, each individual strives to be a part of something greater than the self; to become an element of a larger shared consciousness. Every one secretly wants to belong.

CULT BRAND

Cult brands aren’t just companies with products or services to sell. To many of their followers, they are living, breathing surrogate family filled with like-minded individuals. They are a support group that just happens to sell products or services. Picture a cult brand in this context, and you’ll have a much better understanding of why these brands all have such high customer loyalty and devoted followers.  – Matthew W. Ragas

A Cult Brand is a benign cult or group where a high involvement product or service provided by the brand has a committed customer base. The members of the ‘tribe’ are passionately attached to the brand and share similar interests.  The followers often engage in ritualistic behavior (like jargon or uniform) surrounding themselves with brand associations. Star Trek fans, for example, invest millions every year on the memorabilia of the hit series.

 

After the company has satisfied the general criteria of being a good brand, there is another distinctive factor which appeals to a potential cult consumer besides the need to belong. Something that is above and beyond the product. Something so strongly attractive to the person as to turn him into a brand loyalist. Something extraordinary.

That something, we find, is the promotion of self through the practice of projection.

That something is Image.

Since a cult customer shares the values of his beloved brand, relevant information can be conveyed about him on examining his possessions and patron-ship.

 

SPOTTING A CULT BRAND

coca cola

There are a few traits common to a Cult Brand which can help make the identification:-

  1. Identity lending

 

  1. Dedicated customer loyalty

 

  1. No true substitute or competition

 

  1. Sense of shared ownership

 

  1. Timeless, sustained allegiance

 

  1. A lifestyle, not just a product

 

  1. Strong internal and external communications

 CULT BRANDS ARE THRIVING BRANDS

The Brand and its faithful followers both benefit from their inclusion in the phenomenon of Brand Cult.

 

When a group of customers has very strong associations between a brand and a desired feeling, the brand possesses equity which it can leverage to grow.

Oprah as a brand stands for ‘heart’ and the quiet joy that one derives from helping others. No wonder she has such a large and steadfast fan-base.

The loyal customers display low price sensitivity and willingly pay a premium for the value derived.

 

Moreover, there is practically no actual rival in the market. This is so because the deep emotional connect biases consumers in favor of the cult brand. They find no other brand’s product equally satisfactory.

 

Cult Brands expand naturally. They enjoy further purchases from link and kin of cult members who are keen to join the exclusive club thanks to the positive word-of-mouth advertisement.

Amazon

 

 

CREATING A CULT BRAND

A lot goes into the making of a cult brand.

Cult Branding is the consequence of a higher understanding of the customer. This understanding in turn is made possible by the deft matching of product development and marketing with consumer insights of human needs.

In order to create a cult-like following, experts suggest firstly identifying your best customers and keeping an open line of communication with them.

Your repeat customers and referrers are your brand lovers. A well-maintained database, carefully crafted surveys and a regular review of the online brand-related noise will help you determine who these people are.

Interacting with them or even plain listening to them will make it a lot easier to recognize the intangible emotional clues that make you who you are to your customers. You will know why they chose to give you their business.

Oprah

 

Now comes the time to serve your customers.

Amazon CEO Jeff Bezos says, “If you’re customer-focused, you’re always waking up wondering, how can we make that customer say, wow? We want to impress our customers—we want them to say, wow. That kind of divine discontent comes from observing customers and noticing that things can always be better.

Amaze them, embrace them and celebrate their loyalty; let your customers know you are grateful and that they are special to you. Deliver them a life-style which fascinates them while facilitating self-expression and aspirations.

 

THE GOLDEN RULES

To truly capture your customer’s heart and foster the forces of customer loyalty, authors BJ Bueno and Scott Jeffrey state seven rules which all Cult brands abide by:-

Rule #1: Differentiate

Always remember that you are absolutely unique. Just like everyone else. – Margaret Mead

Offer your customers the chance to be part of a crowd while not neglecting their need to stand out from it.

How does one do that, you ask?

Simple.

Be the inclusive group that is different from the mainstream groups. Be remarkable!

Apple is a case in point. It is the epitome of a cult brand. Its brand slogans like ‘think different’ and the receptiveness of its customers demonstrate the manifestation of personal identity.

Rule #2: Be Courageous

Dare to be different. Believe in yourself and take calculated risks. Do not obsess about followers. Do your all to better serve them and have the confidence that success shall be yours.

Rule #3: Promote a Lifestyle

Experiential purchases help customers to pursue their aspirations and celebrate distinct lifestyles. Supporting the customers’ emotions will forge a bond between your brand and them.

Rule #4: Listen to Your Customers

Hear out your customers. These are the enthusiastic followers of your brand. Have the strength to take criticism or discontent and create solutions. You can turn the half-hearted followers into fervent believers just by showing them that you were really listening. Starbucks came up with the ‘splash stick’ as a result of the company’s ongoing idea exchange with its clientele.

Rule #5: Support Customer Communities

Build strong, ongoing relationships with your customers by developing and supporting customer communities in order to generate powerful, long-term goodwill. Setting up social events and online forums that reflect your brand’s mission is a promising way to show support and initiative.

Today, Coca Cola has an engaged global community of over 50 million avid evangelists connected through Facebook.

Rule #6: Be Open and Inviting

As a cult brand, do not discriminate. Welcome everyone. You must not exclude those who do not fit the profile of your ideal customer. Your customer will not come in the same packaging everytime.

Rule #7: Promote Personal Freedom

Be empowering. Let your customers feel in control and free to articulate themselves through your brand. Promote the message of self-expression minus the threat of consequences.                Harley Davidson, for instance, sells the opportunity to experience feelings of raw freedom disguised as a bike.

Harley

The Brand and the customer enjoy a symbiotic or a mutually beneficial relationship. Cult consumers tend to stick with their favored brand over time. They care about what it stands for and what happens to it. They share a purpose with the company and other kindred souls in the cult. And they rave about the brand brilliance to anyone willing to listen.

Cult brands, on the other hand, are driven by powerful ethos and acknowledge appreciation of the loyalists. They adopt the Reverse Branding Model by initiating Brand Marketing strategies from the inside out. These brands are pervasive, inspirational and make genuine efforts to please their customers. They are relatable yet exceptional.

It is not a tough task for the cult brands to draw in the enthusiasts since they are a source of indescribable joy to their customers – the joy of belonging, owning and expressing.

At their core, cult brands are always fun. They make us happy. They uplift our spirits. They cheer us up when we’re down and give us confidence. They help us enjoy life. They not only make us feel better about ourselves, they also give us a temporary escape from the drudgery of everyday life.  – Matthew W. Ragas

The future is bright. Even as new brands emerge to claim the mantle, we see established ones gathering a greater cult status.                                                                                                      The culture of cults is bound to continue and prosper as long as brands have a host of ardent admirers who are cherished.


 

Contributed by Ankita Verma (Class of 2009, IBS Hyderabad)

Branding Too Much And Too Many

Branding Too Much

Branding Too Much And Too Many                                                                                             An Ankita Verma Article by the Author Ankita Verma

Ankita Verma, Class of 2009, IBS Hyderabad

Now doesn’t that sound a little absurd? This is an example of branding gone overboard.

Standing out from a competitive crowd requires bravery, brains and the art of branding. Without one or the other there is very little chance of creating a memorable impression which is also favorable.

There is an old joke popular in marketing circles, which goes like this:-

Cruising through Texas, a tourist asks a cattleman the name of his ranch.

It’s the Bar Seven, Double-O, Rocking J, Flying M,” said the rancher.

The tourist responded, “Do you have a lot of cattle?

Nope’’, he said, “Not too many survive the branding.”

Branding, a noble concept by origin, is habitually (and often unintentionally) abused by companies which mishmash too many brand elements or create excessively complex brand systems. Additionally, we observe brand extensions budding relentlessly in such markets due to technological advances and R&D breakthroughs.

These constantly altering systems of brands can confuse and isolate the customers, ensuing in the decline of brand value.

Overbranding: Branding Too Muchover branding

If the product name is mentioned more than once in a sound bite and in the narration, you’ve more than likely overbranded it. Don’t overburden your expert. Neil Henry

It is all too very easy for a company to pour money into absurd advertising in their pursuit to build higher brand awareness and revenue. The company’s unique value is likely to get diluted in the process, causing loss of brand supporters. Such issues arise because Branding though an essential practice is unfortunately not an exact science.

What is more, overbranding also stems from fear; fear of not getting acknowledged, fear of being ignored, or worse yet, the fear of not being seen at all.

The media reports many incidences of television/movie actors falling into this trap, keenly attending every event and taking up any work just to stay in the limelight.

Bombarding your customer with your brand will, very possibly, result in resentment and negative word-of-mouth. The displeasure that the overexposure of a brand creates, undoes any good-will amassed by it till-date.

The TV audience has been subjected to Interruption Advertising to the extent that it is openly mocked as Irritation Advertising. Is there really a need to obscure the content being voluntarily received with frustrating reminders of the privilege on offer?

Any publicity is good publicity, you say? Perhaps.

But is it really worth it, given the practically guaranteed damage to the image?

Let us avoid that channel with the maddening pop-ups, such brands will soon hear their patrons say.

The key is to have faith in your product and create awareness with focused planning and contained enthusiasm. Communicate too loud and you become an annoyance. We witness this at most hotels, restaurants and malls. With an establishment’s over-zealous attempts at branding, the bathroom alone is duly capable of inducing a case of logo-claustrophobia.

The companies, who do not understand their customers, end up overlooking their needs.

Some luxury brands intentionally underbrand in order to keep the associated mystique intact. This technique, however, cannot always be successfully duplicated by a brand which is still learning to walk and hoping to outrun the more athletic brands. Using the law of scarcity as a branding strategy can backfire if your lack of presence is perceived as snobbery. So precarious is the branding balance!

Over-Branding: Branding Too ManyOVER BRANDING

Psychologists are saying that too much choice doesn’t free us, it numbs us. We cope by opting out, making disinterested decisions. – Graham Button

Today, the customer is over-served and over-whelmed. ‘Consumers are stuffed to the gills with logos’. The market-place is saturated with the abundance of choices available.

An average grocery store carries so many varieties of the same product, that it boggles the mind to select just one. Precious time goes on making yet another trivial choice. Take Sunsilk for example. You get more than a dozen hair-shampoo variants alone. Too many options, where one would suffice, not only produce anxiety but also drag down the quality of life.

We see brands and sub-brands being regularly punched out by companies like Dell and MTV, on the weak support of slight incremental tweaks in the main product.

Retailers may feel more versions of their product will ensure greater sales. That ‘more brands’ equals ‘more profit’.

Yet, it is the opposite that has proved true. Many successful companies have realized that less is indeed more.

When P&G cut their Head and Shoulders portfolio from 25 to 16 products their profits rose by an astounding 10%.

The creativity that a company channels into its processes is far superior to its product portfolio in terms of benefits accrued. Innovation just for the sake of revenue can end up degrading the core brand value instead of strengthening it. Any interest previously acquired wanes quickly when the “New and Improved’’ continue to churn out.

Such overshooting alienates the target audience. What the customers are getting is quantity, when what they really need is quality.

There is frequently a greater focus on the transactional profits which are achieved from purely promotional behavior. Author Frederick Reichheld calls these ‘bad profits’. There should be a consideration on generating ‘good profits’ as well, which create customer loyalty. In good service, lies the answer.

Keeping Branding On Track

Strategists have suggested a few things which can help prevent the branding process from going haywire and corrupting the brand value. They tell the companies to:-

Concentrate on customer’s needs and feedback

Instead of assailing the customers with constant in-your-face communication techniques, give them some credit. Do not treat them as fools. Listen to them. Have a good understanding of their needs. Give them the opportunity to provide feedback. It will almost always prove invaluable.

Keep a small Product Portfolio

In order to make the decision-process and brand perception as uncomplicated as you can for your customers, consider trimming the amount of products and the related overhead costs.

Focus on Quality

Statistically, people are willing to pay a premium for good quality and service. Focusing only on quantity can drive down the quality protocols in a company. Quality in a brand talks and can inspire your customers to spread the word and fashion a loyal following.

Be creative

Your brand must have some unique selling proposition in order for it to appeal to customers. Pushing a product without a compelling characteristic won’t make it truly stand out in the market. An innovative aspect to your product, which is relevant to the customer, is more likely to occupy a larger mind-space.

Offer a Consistent Message

To maximize brand recollection, make an effort to offer the same message (and similar language and imagery) with clarity every time you promote.

Branding is an art but not all marketers are good artists. A well-designed and well-executed plan is vital to shape a well-defined brand. Proper attention has to be paid to strategic planning before embarking down the path of brand promotion. Focusing on the core business process and service and allowing the work to talk for itself is more likely to ensure a sustainable growth in a company’s brand equity.

With the right set of tools and inclination, branding is sure to paint a masterpiece.


Contributed by Ankita Verma (Class of 2009, IBS Hyderabad)