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‘Tis The Season of Giving Thanks: Employee Holiday Incentives VS Restrictive Startup Cash Flow

I spend my days talking about early stage branding with startups and I learn a lot about their behaviors, struggles, fears, and of course their amazing energy and innovative mindset that I thrive off. At times I will use the New Brand Post platform to discuss startup culture and give entrepreneurial advice. It will save you from getting brandexia (a sudden sensation of anxiety caused by the over consumption of the word ‘brand’ by entrepreneurs, often leading to serious cases of brand self-awareness), while still gaining actionable insights and advice for your early stage startup.

As the holidays are approaching (Happy Thanksgiving to my US-based readers), so are company parties, chatter about Q1 goals, and speculations about holiday bonuses. Let me start off by saying that cash-based holiday bonus incentives are a wonderful thing, no doubt about it. I always love giving as well as receiving them thoroughly. Employees appreciate the gesture of appreciation and the fact that they may be able to plan a trip or buy some gifts they otherwise might not have had the opportunity to afford easily. But people investing their time and talent into a new venture understand that cash flow is one of the keys to the survival of the venture, that cash needs to be put to work in small chunks and in strategically calculated places that will directly impact the company’s growth (and yes, brand). Most early stage startup employees are very aware that they made a commitment to give up some traditional monetary perks for being part of the startup tribe, for investing into their future.

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As a founder of a new cash-strapped venture, the most cost-effective and best gift for hardworking employees is the gift of empowerment. Create public awareness of staff by talking about their valuable insights and specific contributions they made to the company, publicly via a blog post or newsletter with the title ‘The Season Of Giving Back To Those Who Gave (Your Company Name) Their Best in 2013‘. Mention each and every one of them with specific insights they provided, or actions they took that moved your company forward, full names and photos included. If you have more than 8 employees, spread it out through the month of December. Share it via Social Media and tag them so the article shows up in their networks signifying that this is not out of self-interest, but pure thanksgiving.

Instead of giving a low (= insulting) cash bonus, or a gift that may or may not resonate with your staff, try honest public praise and let me know how it is being perceived. I bet they will thank you, sincerely.


Damage Control For The Misused And Abused Word ‘Brand’

The word ‘brand’ needs a re-branding – due to its brand longevity the brand legacy is not brand-correct anymore,” I heard myself say unexpectedly in an interview earlier this week. It has been on my mind for a while. To no surprise, running a brand consultancy I am using the word a hundred times a day. Furthermore I just published a book titled ‘How to Launch a Brand’. The word gets tiring, especially since it leaves a bad aftertaste and I feel the need to first convince people that it is not a bad term before I start talking about it any further. Brand is not a four letter word.

Despite the negative connotations with the term, branding is more important today than it has ever been before and it is not only consumed, but furthermore created and curated by the masses through their very own personal (public/social media) brand. Brand is alive and kicking and we will not be able to change the term, but one can change the perception away from luxury good logos (Gucci, Chanel) and larger-than-life corporations seen as evil-doers (Exxon, Walmart) to a modern necessity, which, if created and nurtured in an honest and authentic way, turns ‘brand’ into a holistic ‘aura’ of a product/service provider (or person) that we are allowed to have admiration for (From an iPhone to a Celebrity), aspiration towards (From a Nonprofit to a highly ranked University) and sometimes draw inspiration from (From Ted Talk to Oprah).

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To me, a brand is a service, product, company, or person with soul, that is attractive and smart.

1. Soul is the beating heart, the reason a company should exist and why your initial attraction matures into love. You put your trust in brands with a soul and most often your money follows soon thereafter. Not much different than with human relationships, soul is the reason why we care for each other, or a particular brand.

2. Attractive is the brand aura that allows for the gut instinct emotional connection you feel when getting in contact with the brand. It is the design and the voice that is carefully created and curated over time in a particularly consistent manner. Attraction is not to be mistaken by shallow beauty.

3. Smart is its usability. How easy is it to engage with the company/product/service/person? In the tech industry it is User Interface and User Experience, with consumer products it is the product and packaging design and with services it is often the design of key offerings combined with its delivery.

Now that we ‘talked’ about the complex strategy that creates the beautiful simplicity that makes a brand, maybe we should give the word another chance?


Car Naming VS Auto Naming: Are Real Names Superior to Alphanumeric Names?

Car names run the gamut from great names that evoke strong imagery and emotion like “Mustang” via alphanumeric naming systems to underwhelming names like “Golf” that fall flat and fail to impart a personality. What is behind these sometimes great, but more often bizarre naming strategies of these car companies? Inspired by a late night conversation I had with the CMO of a large European car brand the other day, the question lingered and I had to dig deeper:

A broad overview of naming strategies in the automotive industry reveals that mid-price companies like Volkswagen, Toyota, and the European car company Skoda opt for either using real words as names — a lá Toyota “Land Cruiser” — or made up names like Volkswagen “Jetta”. Higher-end brands like BMW and Lexus tend to use an alphanumeric naming strategy. By using real names, the consumer connects with the model of the car: A driver of a Ford Mustang is more likely to say “I drive a Mustang” as opposed to “I drive a Ford”. Alphanumeric names tend to place the emphasis on the make of the car, the brand, over the model: A driver of a Lexus is much more likely to report “I drive a Lexus” than to say “I drive an ES”. That is the power of Alphanumeric names, yet its downfall is that they offer little emotional connection to the actual car model and most often lead to frustrating confusion during the shopping process.

As you climb to the top of the pricing scale, with ultra luxury vehicles such as Bentley and Rolls Royce, the strategy of using real names and/or fabricated words for vehicles comes back into play. Words such as Phantom, Ghost, and Wraith depict the current line of Rolls Royce vehicles conveying a sense of mystery and intrigue.

Here is our round-up of the top 5 best car names and the top 5 flat tired names. We focused on ‘real’ names and not ‘auto’ names (as I may call them, pun and all) as the 750 Li Sedan (BMW) VS the IS 350 F Sport (Lexus) might have bored you.

What do you think? Did we miss any?

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How Good Can An Ad Story Be Without A Brand Story?

Consumers won’t trust your ad story, but they will believe in your brand story, because it grows on them naturally and not forcefully. Keep shouting at them what you want them to buy into and you will likely be greeted with closed eyes and deaf ears. Let them form an opinion based on your repeat actions and they will turn into brand adopters and advocates. Stating it that simply, it makes a lot of sense that luxury brands and premium goods are moving marketing dollars from advertising towards branding. Below graphic is as cute and funny as it is illustrative of how branding really fits into the marketing mix. Marketing itself, Advertising as well as PR would not be able to function even reasonably well without the formation of a strong brand story consumers can believe in and associate with.

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Image taken from ‘Zag‘ by Marty Neumeier


How To Win The Numbers Game With Your Brand Name

There are far more than 101 ways to use numbers in your brand name and end up with a name that no one but affiliates will easily remember. You fail before you even launch your product or service. Most numeric brand names see the light of day because someone is either lazy or tries to be overly smart. Both are not case studies for delivering a timeless and memorable brand name.

The lazies pick inspiration from immediate surroundings such as the corporation’s address, area code or adjacent freeway, in which case they hit rock bottom. Besides the missing message or depth in the name, needless to say this is a short term strategy until the company moves or expands. The more creative kind utilizes the area’s sights, attractions or even weather, as was the case with the highly respected Venice, CA based agency 72andSunny, who since expanded to Amsterdam, where it is more often 52andCloudy.

The overly smart create an arbitrary number based on the founders birthdays or other personal anecdotes or fun facts. 37signals (The company behind collaboration tools such as Basecamp) falls into this category as the name is derived from the 37 radio telescope signals identified by astronomer Paul Horowitz as potential messages from extraterrestrial intelligence (Source: Wiki). Those numbers (hence your brand name) mean nothing to the target audience, until they happen to read your About section on your web site, hoping to learn more about the reasoning behind the name (which is not the case with 37signals). Regardless, they won’t remember your secret number easily, or may I call it your brand pin code. In the worst case scenario your arbitrary number may be offensive to some religions, groups or even segments you may start catering to in the future.

Numbers in your name are risky and often forgettable, but there are ways to win the numbers game. Here are two rules to follow in order to get on the winning streak:

1. Create Shared Meaning

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If your brand name will focus on a sole number, that very number needs to be significant to others. Nate Silver’s FiveThirtyEight comes to mind. The name is derived from the number of electors in the United States Electoral Office. His followers would either know, or want to adapt to the number quickly as it is tied to knowledge surrounding a topic they themselves are interested in. Since it is a niche blog for a niche audience, Nate can get away without attaching a word to the number. Even with this approach, be aware that there will be companies with the same name and that any sole number domain name will likely be taken and just as expensive to obtain as it will be to gain IP rights. 7-Eleven is a successful example of creating a distinct name by using a number while showcasing a unique consumer benefit (open 7 – 11, 7 days a week), which perfectly transitions to rule #2:

2. Showcase Value

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The number, or word needs a partner to add value and create purpose. This forms an Alphanumeric Brand Name. If you are able to connect a meaningful number to a meaningful word, such as Social123 (Easy as 1-2-3) or 99Designs (99 equals big variety), you create a story and build a strong value proposition. You will have the added benefit of obtaining IP rights and securing your domain name swiftly.

Now you can play by the numbers, but be aware that if you enter the numeric brand name game, it most often is a gamble!


Maximize Your Tagline When Introducing a New Product or Service

Just Do It? Not so fast we say.

When introducing a disruptive, innovative or different type of product or service to the market, your tagline presents a huge opportunity to convey not how the new brand makes you feel, but instead what it actually does.

Using a descriptor in place of a traditional tagline can get you further, faster at the time of your launch. You can, and should, over time transition into a tagline that dives deeper into the emotions consumers should feel when using your product or service. For Nike, a descriptor may have been something along the lines of “Peak Performance Running Shoes Driven by Design,” and as the brand gained traction, it would have eventually changed to the famous three words “Just do it.” Tagline_VS_Descriptor_FINIEN

Our brand consultancy nearly launched with the tagline “We know brands before they exist” (which I felt was clever), but decided to hold off and use it only in company presentations instead. As our offering is highly specialized and unique, we now clearly spell out what we are in business for: “Naming, Identity, and Digital Design for Brand Launches.” It enables us to immediately set expectations with our target audience whereas a clever tagline would have been just another piece leading to the actual answer your target is seeking: What is this new brand doing exactly and is it what I am in the market for?

An additional startup benefit? If you choose the descriptor path, there is no need to get overly creative; just clearly spell out what your brand delivers to its user in the simplest, shortest way possible. It’s not sexy, but they will be grateful, and so will you when looking at your incoming leads.