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BE PERSISTENT AND WORK HARD Building Your Brand.(LEADERS & SUCCESS)(IBD'S 10 SECRETS TO SUCCESS)

Investor's Business Daily

| November 01, 2002 | COPYRIGHT 2002 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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."

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