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Byline: Cord Cooper
5 Companies that succeed in the long run know the secret of branding -- setting their products apart in customers' minds.
Firms that turn ho-hum brands into white-hot sellers use proven guidelines, business strategists Al and Laura Ries explain in "The 22 Immutable Laws of Branding."
Those principles include:
** The law of singularity. A successful brand is more than a product. It's an idea or image that customers link to the product.
Chevrolet started out as a family economy car, but gradually turned into a "large, small, cheap, expensive car or truck," the authors noted. Other brands have also been watered down.
"What's a Miller?" they asked. "A regular, light, draft, cheap, expensive beer. What's a Panasonic? At one point in time, Panasonic was a computer, computer printer, facsimile machine, scanner, telephone, TV set and copier, among other things."