We are happy to answer marketing questions of all types here on Branding Strategy Insider. Today’s question comes from Karen, a Marketing Director in Cleveland, Ohio. She writes…
“We have a decision to make regarding the fate of a specialty brand of hardwood flooring. It has been in the market for the past two years — failing tremendously. I am stuck on whether or not to start the brand over or to rebuild it. I personally feel that the brand has a reputation in the industry as a serious failure. Anytime anyone discusses it, they almost laugh about it. I think it would be smarter to abandon the brand and start over with a new brand. What do you suggest? Rebuild or start over?”
Thanks for your question Karen. As you have indicated, your options are to reposition/re-launch the brand or launch a new brand. Either way, it will require a significant communications effort over time to build awareness or change perceptions. And, it is far easier to build brand awareness than it is to change brand perceptions with marketing communications.
I would measure top-of-mind and other unaided brand awareness within your brand’s product category by your brand’s target customers. I would do this blind (coming from a third party, not your company) to get an unbiased read. Further, I would measure brand perceptions: (a) top-of-mind, open ended question (“Thinking of brand “XYZ,” what comes to your mind?), (b) against a battery of brand and product category attributes and benefits (close ended) and (c) against a battery of brand personality attributes (close ended).
February 28th, 2012
By Thomson Dawson
Trademarks, which are names or symbols associated with a specific company or product, are tremendously valuable to companies building a brand. This is especially important for startup brands that may underestimate the importance of developing a trademark early in the game.
February 27th, 2012
By Guest Author
It’s 1960, and you’re flipping through LIFE magazine. You’re stopped by an advertisement that doesn’t look like any of the other ads in the magazine. There’s lots of white space, a tiny off-center image of the car itself (which, by the way, is an odd-looking little vehicle), and an understated two-word headline, “Think small.”
The Academy Awards are considered to be one of the biggest entertainment draws of the year, sometimes called the “Super Bowl for Women.” True, female ratings have been down. Overall ratings too. Last year’s viewership was down about 10% from the year prior. And they haven’t been doing all that well with those yearned-for younger viewers either.
As to that last point, last year the Academy went with the youngest co-hosts in its history – Anne Hathaway and James Franco – who received very bad reviews and didn’t bring in the younger, hipper viewers, who, one can only suppose, were supposed to have identified with them. The Academy was going with Eddie Murphy this year, but he bailed and Billy Crystal stepped in. Well, what can you say about that choice? Mr. Crystal, a 9-time host, can entertain with the best of them. But he’s 63 so not precisely a poster child for that coveted 18 – 34 year engagement Madison Avenue’s always looking for.
Which brings us to Brand Keys annual Academy Awards Engagement study. The way we approach the business, “entertainment” and “engagement” are two, very different things. Just like movies and advertising are two different things. One is there just to entertain. The other is there to convince viewers to behave positively toward the brand in the ad. You know, buy something. At the very least think better of the brand. Not to just sit there and laugh or be amazed at blue-screen special effects. In these days of fragmented media and titanium-strength consumer gate-keeping, this has become something of a tough assignment.