The Danger of No Brand Land
When was the last time you heard someone say, Did you see Random House’s latest book release? Or, That CD by Sony Music really rocks!
Most breeds of publishers—book, music and film—have little brand equity with their customers. Why? These companies don’t stand for anything; they haven’t made any clear declaration or pledge to their customers.
Without a clear brand promise that’s meaningful to us, why would we care about them?
Marketers are hesitant to clearly define what their brand represents. They don’t want to risk alienating potential customers who don’t like their brand.
But with clear differentiation you also attract a special breed of customers who love you.
All customers are NOT created equal. Your Brand Lovers generate more positive word of mouth and stay loyal to you. They are your most profitable customers. Why would you want to cater to less profitable customers?
Businesses that stand for something generally have a balance sheet to prove it. We know what to expect from a Disney film, for example—family fun with a dose of magic and limited violence.
Most publishers, however, are in a precarious position, lingering in No Brand Land.
What happens when the Long Tail fully catches up with publishers and product distribution becomes ubiquitous? Why would an author—any author—publish with a major house when they can just as easily self-publish through Amazon and other digital channels without losing distribution advantages and keeping the lion share of book sales?
The lesson is clear: Make sure your brand stands for something meaningful to your customers and serve them better than anyone else.
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