Bad Branding Strategies
April 1, 2008
I figured I would write one last post on Seth as his blog really makes good points that relate to Business. His blog on dumb branding strategies really made a lot of sense when reading it. There are many companies that have bad branding strategies such as Computer World, and Party Land. Names such as those do not make me feel like I am missing out on anything if I don’t stop into those stores. For example Computer World really seems like a plain store name. This name does not make me feel like like is a great store to stop into.
The picture below is of many successful brand names.
I know personally when I hear bad brand names I do not want to enter the store. Names with that extra catchy word or phrase really can make you want to enter the store. Future Shop might have a simple brand name, but it makes me think that everything in the store is up to date, and new ideas of the future. Or Captain Sub makes me think they are the best at making subs. I came across an article on Google dealing with the image that a good brand name does in the mind of the consumer. In this article it says that a lot of companies are fighting for mind share. A good brand name sets confidence in the mind of the consumer. If you are use to buying General Electric products and and have always had success with them. Than you are more than likely to continue buying GE products in the futurue. It sets a standard of expectations as well. An example of this would be when I buy Sony products I always think I am getting the best of the best. As well good branding makes you spend more money. I would rather spend the extra $50 dollars and get a really good pair of jeans. It gives me the confidence that those jeans will last longer, and be strong. Recognition is key in being competitive with the competition. Recognition can either be positive or negative. When I go traveling I have come to expect that when I go to Subway, I will get a good quality sub at every Subway location. Loyalty is a key factor in any business throughout the world. I am loyal to Honda, as most of the vehicles that they create are gas friendly, and most importantly reliable.
A few examples of other catchy brand names that have created strong recognition are:
- Starbucks
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Tim Hortons
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Best Buy
I think it is necessary to have a good brand name in order to gain more customers, and get loyalty.
Mitchell Watts
E-mail forwards Promising Gifts or Money
January 31, 2008
I was reading through the blogs this week and Seths blog called Don’t get fooled again caught my attention. I know myself I have gotten many annoying e-mails asking me to forward this email to so many people and I will win a lot of money or a computer. Most likely there is always a catchy phrase in the title to catch your eye. “Forward this to 20 people and you will share part of someones rich estate.” The scary part is these e-mails can contain viruses if you download attachments, etc.. Most people know not to bother with these e-mails but there is always some people who will follow through with the instructions. Most likely these e-mails are scams.I was just reading the news on Google – regarding e-mail scams that are on going in the world. A couple caught me eye: Million dollar email scammers plead guilty , and Beware of tax rebate scams. In the tax rebate article, “One reported phone scam asks people for their bank account information so the rebate could supposedly be supplied direct deposit. An email scam sends a message, supposedly from the IRS, and asks the recipient to click over to a site and enter personal information in order to claim their rebate.” It is scary how high tech some of these scams are getting.More than likely this will be a continuing trend into the future. There will always be people out there who want to obtain personal information (pin numbers, bank account information etc) for their own benefit. There are a lot of ways that you can protect your personal information. I think awareness of this is a big area that needs to be addressed, as a lot of people are not aware of this problem. I imagine that scam e-mails will continue much into the future – as computer technology continues to grow.Mitchell Watts
Is it really about judgement at all?
January 27, 2008
This weeks post was very difficult for me, I read thru the majority of the posts and couldn’t find anything that I could comment on or even remotely relate to, that’s why I have been putting it off till the last minute (which isn’t very considerate and I hope to post earlier next week). So finally coming to choosing a post, I chose one by Seth Godin’s called: Bad judgement. I could relate to it and I think everyone can too, or at least you can relate to the paragraph below.
All day, you run into people with bad judgment. That critic who didn’t like your last movie, or the prospect who refuses to buy your product even though it’s better. Or the angry customer who is bitter, vindictive, loud and out to cost you your job… even though they must know it’s not your fault. Or perhaps it’s the employee who refuses to exert a little extra energy even though it would help all of you.
Seth Godin goes on to say that if you were to stop and take a second and reflect, you may too be acting the same way they are if you had the same beliefs. Here is where I disagree, Godin thinks that if we were to believe what another person believes, we might potentially be looking at things differently, but I thinks its more than that. I think it would be more beneficial to experience what that person has experienced to be able to understand why they do what they do, whatever that may be. It comes back to that well know saying of walk a mile in someone else’s shoes to know how they feel, before you jump to conclusions.
Jen
Web 2.0
January 24, 2008
I’m suprised that no one made a post about Seth Godin’s Post Layering. I could be wrong but I find that this is what we’ve been talking about with regards to Web 2.0. Seth Posted:
Here’s what we used to do:
Create —> Edit —> Launch
Here’s what happens now:
Create —> Launch —> Edit —> Launch —> repeat
He used the example of wikipedia and how users are able to add content, and edit that content or the content of other users.He also went on to say that organizations are acting more and more this way, however there are some that aren’t able to do so, because that isn’t their function.I think that as we move on in the world more and more applications and organizations will move toward this method of doing things. By being able to edit something continuously companies and/or their applications are able to adjust to the ever changing needs of their customers, making these organizations/ and or applications much more competitive.After reading Ch. 3 in Wikinomics, the book gives the example of Apache vs. Microsoft’s server. Apache remains extremely competitive toward Microsoft because 1. It’s free 2. Users are able to adjust the server to meet their own specific needs so users don’t have to make due with what they bought with Microsoft’s server.As we move on, I can see having the ability to change things become more and more desirable. Although “turn-key” software, provides less work by the user, the openness of the business world and the internet will become just as competitive if not more, than the conventional “as is” way of doing things. ~Jerry
How much is too much?
January 23, 2008
Seths post called How much for Digital?, was interesting to read. I think that downloading movies will be a big part of the future. But, I think the price companies charge will have a huge impact on determining whether this will be a big part of the future. It will more than likely take a while for this to become popular.I think there is a big opportunity for companies to step forward and offer movie rentals online at a small price. We as the consumer have become acustomed to paying $3 and $4 for a movie rental. Why not offer these movies at a price of $.50 or $.75 cents and see how many people would download the movies at this price. More people are more than likely willing to pay for downloading movies if they are at a small cost. There is nothing more annoying then paying late fees, and having to return a movie the next day after renting it. Or getting to a movie rental store – and the movie your looking for is rented. I really like the idea of convience for online movies.”At fifty cents a rental, all desire for piracy goes out the window, replaced by convenience, ease of use and a clear conscience. More important, entire new services show up, habits are built and the studios end up with a direct relationship with consumers who want to hear from them.” The amount of piracy might drastically decrease if the price is cheap to download movies. It probably would just be a step in the right direction to limit piracy. But there are always people who would still download movies for free. HBO is jumping on the wagon and adding downloading movies to there resume. I am not familiar with the process of downloading movies from these sites. In dealing with how many times you can view the movie, or how long it is saved on your computer. But it almost seems to bring the topic of the Perfect Storm up from Chapter 2 in dealing with how Sony installed software on music fans computers. I know I wouldn’t want companies installing secret software onto my computer if I paid to download movies. I found an interesting article called Time Warner: Download Too Much and You Might Pay $30 a Movie in dealing with rate plans they charge customers.What price do you think companies should be charging for online movie rentals, and why do you think this? Mitchell Watts