Showing posts with label brand equity. Show all posts
Showing posts with label brand equity. Show all posts

Wednesday, April 15, 2009

Twitering










As marketers and brands are still looking for ways to effectively utilize Facebook, another social network is taking hold in a big way. It’s Twitter. You’ve seen it in the newspapers, you’ve heard people talking about it and even the evening news is feeding parts of their discussions by utilizing Twitter.

For a brand it can be a bit overwhelming, Twittering, tweeple, tweets, what is a brand to do? It’s intriguing though; there is a lure here for many marketers and brands alike. Think about how amazing is it for a brand to have all these followers that hang on every word said? How could you go wrong?

Well, the answer is not that black and white. The big question you face is, does your brand need an active and daily dialogue with customers? Does it have enough to say on a regular basis? Can your brand even support that sort of dialogue and is it in your brands nature to do so? Twitter is not the equivalent of a dry corporate website it is VERY different. Twitter has the potential to be a lot more personal if used correctly.

Brands that have spent a lot of time successfully developing their brand personality certainly may have an easier time at it. Look at Jet Blue with 240,000+ followers. This brand dialogue didn’t start on Twitter, Jet blue simply uses Twitter as another natural extension of their brand and customers are eating it up. For the right brand under the right circumstances Twitter is a low cost way to communicate effectively. Indeed, there is massive potential to build brand equity and to keep fans and followers informed, but choose wisely and understand the hills and valleys before you start tweeting.

Mini, fun video.

Well at least they are poking fun at themselves here, I mean where else is there to really go?


Tuesday, March 17, 2009

NFL Fantasy Files: The Best Players

I'm not sure about the history of this, but the special effects are great. Clearly this is Reebok sponsored, I could not find a supporting site, but this video has over 7 million views. Fun stuff.



Thursday, February 26, 2009

Tropicana pulls back new packaging after a few weeks.

So Tropicana redesigned their packaging and put it into market just a few weeks back.  Here's the thing, they promptly pulled it off the shelves after just about a month and went back to their original package design.


Did sales plummet?  Was the shift to an entirely new look and feel just too much for consumers?  To the left you can see the 2 designs, on the left he classic orange with straw inserted into it and on the right the new design.

Personally, i'm glad they went back to the original design.  It's a classic brand and classic design that everyone knows.  The new creative feel too much like a generic orange juice brand.  It's contemporary and attractive, but It just doesn't hold onto any of the brand equity or frankly, the heritage that has been established over the years by Tropicana.  So hit your local super market for this limited edition Tropicana packaging, get them fast, because they'll soon be gone.






Tuesday, May 20, 2008

Brand Resuscitation


The New York Times reports that a company called River West in Chicago has begun quietly buying up brand names of once beloved products. Names like Brim ("fill it to the rim with Brim!"), Underalls, and Quisp cereal are starting to make a come back on a store shelf near you. 


This strategy is based on the insight that just because a $40BB company like Unilever or Anheuser-Busch can't sustain a smaller brand like Nuprin or Eagle Snacks doesn't mean that there isn.t still lingering brand equity in the market place that can be tapped to create a resuscitated brand presence. 

In fact, River West did research that showed, for instance, that Brim coffee still has over 90% aided awareness in the market despite being off shelves for over a decade.