Home Features Mastermind Videos About Advertise Blog Network Contact
   

Have A Suggestion?
Toronto Salsa Classes / Toronto Salsa Lessons Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!
Have A Suggestion?

Featured Ebook


ebook Famous Entrepreneurs - Modern Empire Builders


Featured Ebook

More Evan Carmichael
Have A Suggestion?

Sales Lessons From Starbucks And Dell

Why Twins Have the Same Surname and Different First Names



Why Twins Have the Same Surname and Different First Names
   

By Sean D\'Souza Parents know it instinctively. To differentiate one from the other, they give their newborn different names. Most businesses beg to differ, and often end up giving the same name to multiple (and widely differing) products, without realising the negative impact on the brand.

Whether you\\\'ve got a growing business or a well-established one, it\\\'s important not to ignore that important law of physics. Two objects cannot occupy the same space at the same time. This branding article will show you why!

Why Brand And Line Extension Don\\\'t Work Heard of a cheese company called Kraft? You say Kraft and people say cheese. The amazing association of cheese with their name should have kept the company smiling for decades. But that didn\\\'t happen. Like most companies, Kraft figured they had a great brand name that would extend to a whole range of foods. So, they went and line extended into jams, jellies and mayonnaise among other food stuff. According to their reasoning, they were still in the food business.

Their Accountants Might Not Agree In jams and jellies, the American brand, Smucker\\\'s owns 35% share of the market. Kraft has 9%. In mayonnaise, Hellman\\\'s owns 42% of the market share. Kraft has 18%. Despite being a major cheese company, Kraft (amazingly) isn\\\'t hitting the top of the charts. The only winner it has is called, not Kraft, but a cream cheese called Philadelphia, which has 70% of the market. By trying to be all things to all people, Kraft (like many others) has ended up with a great brand name, but few real winning products.

What Goes Through The Customer\\\'s Mind?

Remember your cousin John, the lazy guy? Or your brother Bruce, the industrious guy? Or Diane, the smart one? If you grew up with a mental image alongside a name, the attributes of that person stick with you for life. One name, one attribute.

Most customers are exactly like you. If you say Honda in Japan, people think of a motorcycle company. If you say Honda in any other country, people think of cars. People don\\\'t seem to make the leap at all. Once your product/service has a fixed attribute in their mind, it burns itself in. No matter what you try and do, it cannot be re-invented.

The movie Saturday Night Fever made tons of money. So, what did they do? They took the same formula and called it Grease. Same stuff, different name, but consistent profits. On the other hand, every sequel of most movies has consistently gone downhill. Sure, Rocky went the distance, but you have to question whether it fed Sylvester Stallone’s bankroll or his ego.

How Successful Companies Power Their Brands Forward Know of Barbie and Ken? Your grandmother does and so will your kids. Barbie and Ken have never changed what they stand for. They\\\'ve outlasted the Ninja Turtles, the Cabbage Patch dolls and every other toy in sight. And will continue to do so in the years to come. That\\\'s because Barbie and Ken stand for dolls with interchangeable clothes. Nothing more, nothing less.

That’s exactly what successful businesses do. They occupy a niche and they defend it. Look at publishing companies. They bring out a magazine, they call it Men\\\'s Health. Then they bring out another magazine and another one and yet another one. And every magazine is given a different name. Go to a newsstand down the street and have a look at the magazines. No magazine is all things to all people. Each one has a specific positioning, name and target audience.

The Problem With New Brand Names It\\\'s expensive to launch a new brand. That\\\'s why most head honchos in companies take the safe route to extend their line. Besides, it\\\'s not like line extension doesn\\\'t work. It works fantastically well. Then it sputters, chokes and dies slowly. This is because when brands are first extended, people are eager to try out new products. However, they soon tire of it and go back to the brand that defines clearly what they\\\'re after.

How Creating A New Brand Can Help You Focus Take a look at New Zealand today. There are two airlines from the same parent company. One is called Air New Zealand and the other is called Freedom Air. Air New Zealand stands for top class airline service, with all the frills. Freedom Air is zero frills. All the tactics and the strategies can be worked out independently as they function (and exist) as two different companies. If Air New Zealand started an airline called Air New Zealand Budget, it would have watered the whole brand giving both airlines no identity of their own.

Less Is More A niche can make you more money than being a generalist . Resist the urge to be sailor, soldier and candle-stick maker to everyone.

Jack of all trades, master of none.

Surely, you\\\'ve heard that. Now believe it and implement it.

Why Twins Have the Same Surname and Different First Names - To learn more about this author, visit Sean D'Souza's Website.

Like this article? Share it with your friends
[Get Copyright Permissions] E-Mail | Print | More  


Related Articles Related Articles
Is Your EAddress Unprofessional
  Does you e-address project a professional image? Or does it look strange, or "cute" (which Roger Parker says to avoid), or is it confusing?
What Does Your E Address Tell People About You
  How much time did you spend on deciding on the appearance of your business cards? Or your letterhead? Why was it so important to get them just right?
Remembering Names How To Make Sure You Never Forget A Name Again
  Do you have problems remembering names or are you really lucky and never forget a face ... or a name? If like many of us you go to network meetings or social events where you will be meeting a large number of peopl...
What NOT to Choose as a Domain Name for Your Business
  Choosing a domain name for your business can be one of the most important decisions you make. You want something that relates to your business, is catchy and is easy to remember. Just keep in mind what you don't wan...
Getting Control of a Domain Name
  Question: If someone has already registered a Domain Name that is similar to my business name or trade marks, is there is anything that I can do about it without having to take expensive Court action?

Related Forum Posts Related Forum Posts
The importance of a name The importance of a name
Are hyphenated domain names better? Are hyphenated domain names better?
Re: When choosing a domain. Re: When choosing a domain.

 
About the Author


Sean D'Souza
(Visit Sean's Website)
Wouldn't you love to stumble upon a secret library of small business ideas? Find simple, yet electrifying ideas, on copywriting, public speaking, marketing strategies, sales conversion, psychological tactics and branding. Head down to www.p sychotactics.com today and judge for yourself. ©2001-2006 Psychotactics Ltd. All Rights Reserved.
Have A Suggestion?

View Author's Blog
Become An Author

View Author's Video
Become An Author

Free Downloads


Sean D'Souza's

Complete
List Of
Branding
Articles

First Name
Last Name
Email
 
If you enjoyed this article, get Sean D'Souza's Complete List of Branding Articles For FREE!
Become An Author