Category Archives: Personal Branding

Branding: It’s Mastering the Mind

Marketing is the battle for the customer’s mind – owning a share of mind. The process of strategic brand management is a two part exercise. The first part is getting into the mind by displacing something that already exists. The mind is like a dripping sponge and the only way to own a position is to replace a brand image that already occupies a share of mind.

Building a brand image is a long term proposition that requires an in depth knowledge of how the mind works. Words are the key to the mind and each word has either a positive, negative, or neutral value. So the process of building brand equity begins with the development of the right words to build a brand’s “unique value proposition”. That is what is: faster, better, or cheaper, than what already exists?

Obviously, Tesla has created a unique value proposition for their new model 3 that is reflected in the over 300,000 deposits of $1,000 each they have received so far from customers around the world for a car that will not be available for over a year, or more.

The second part of strategic brand management is maintaining and protecting that share of mind and growing the value of the brand with other customers. Brand equity is the value of a brand in the global marketplace. Some examples of the worth of a brand are: Apple ($154 Billion), Google ($83 Billion), Microsoft ($75 Billion), Coca-Cola ($59 Billion), Facebook ($53 Billion), etc.

Some classic examples of brands that have sustained and grown brand equity for many years are Nationwide Insurance (over 50 years) with their well known tune: “nationwide is on your side”. Peyton Manning, Nationwide’s current spokesman, only has to hum Nationwide’s infectious jingle for an instantaneous connection with customer’s minds. A competitor, Allstate, has another over 50 year old similar, but still effective slogan: “you are in good hands”.

Once you hear the familiar Intel “bing”, you don’t have to wait for the “bong” because it already has resonated. An over 100 year slogan that still resonates is Maxwell House Coffee’s: “good to the last drop”. And Wheaties: “breakfast of Champions”.

In conclusion, brand equity is made up of the intersection of the DNA of the brand with the DNA of the customer.

ASK DR BUSINESS – How do I brand myself as an entrepreneur?

In this week’s post, we ask Dr Business about branding ourselves as an entrepreneur.

Question:  How do I brand myself as an entrepreneur?

Dr. Business says:

“The most successful entrepreneurs brands are a reflection of themselves e.g. Steve Jobs was Apple, and Apple was Jobs. Likewise, Ralph Lauren is Polo and Polo is Ralph Lauren, and Bezos is Amazon, etc., etc. Typically, entrepreneurs create a solution for a problem that they have themselves and pursue the commercialization of their solution with a passion that is a reflection of themselves. So, in essence they are the embodiment of the brand that they create.

If we take Jobs as the classic example of an entrepreneur that actually branded himself as an entrepreneur, he did that by coming up with one wonderful solution after another to problems that consumers did not realize they had until he delighted them with one neat new electronic i device before the last one was fully adopted. In so doing he embodied the epitome of cool creations. Others, like Bezos and Lauren continue to introduce new ways to delight consumers. I would say that the closer you can come to emulating these entrepreneurs and others the more obvious it becomes as to how necessary it is. 

The bad news is that you can’t copy these great brands easily. You can, however, execute the basic strategy. You must focus on doing things better or, better yet, uniquely. Demonstrate a passion for the details of your business more than your competitors do. Develop innovative ways to communicate and connect with your customers. Circle back and improve the things that can get better, and replace the things that can’t with something else. Then repeat this over and over. “

If you have a specific startup issue, share your problem with us and we’ll have Dr. Business assess it.   Send us your challenges at info@blitzteamconsulting.com

Personal Branding: It’s Not For Me?

It’s really hard to believe that we’ve entered a phase in history where employees have to brand themselves to gain access to opportunity.  There was once a day when people could just work hard within their company for which they would get rewarded with raises, bonuses and promotions.  However, it seems that these perquisites have become endangered and almost extinct.  Companies have created organizational structures that don’t resemble anything we studied in business school.  In fact, some companies say they don’t have any structure at all.  This could be a sign that those once great benefits of work are scarce and you’ll have to figure out how to get one for yourself.  With a lack of structure comes a lack of a visible career path.  This small change has allowed companies to step away from the career development of their own employees.  Basically, it’s all up to you now.

If this wasn’t enough, recruiters and HR have changed the rules of hiring by seeking out what they call ‘passive’ candidates.  In the old days, we didn’t do this.  It was considered to be ‘poaching.’  Some companies today still have rules against ‘stealing’ each other’s talent.  If they are disgruntled and unhappy, that’s one thing but if they are satisfied, we just left them alone.  Today, the passive candidate is a target for new opportunities.  Passive candidates are the people who are working already but not actively looking for another job, leaving those who are unemployed at a disadvantage.

Let’s take a look at a few other things that may be impacting that elusive little critter we call ‘opportunity.’  Technology has greatly improved productivity, which has resulted in a reduction in workforce.  We all thought that this would be a temporary scenario but it wasn’t.  Companies are striving to do more with less.   Another huge game changer is organizational change.  A constantly changing economic landscape means that skills that are in ‘demand’ today may likely be in ‘supply’ tomorrow.

Another challenge is that many professionals feel that new opportunities are found online, exclusively.  While there are many jobs listed on company websites and job boards, it doesn’t mean that’s how you’ll gain access to those opportunities.  I recently spoke with employees at a company who has posted over 50 open positions.  These employees stated that submitting your resume through their website won’t help you get a job.  “They don’t use those resumes.  They use recruiters to find who they want,” one employee stated.  Getting your resume in front of the hiring manager is difficult and best done by someone on the inside.

Even when you are within reach of an opportunity, companies put up more barriers.  The hiring process, according to a study by Glassdoor, has gone from 13 days in 2009 to 23 days in 2013.  The cause for this dragging of the feet by companies is unknown at this time.  Professionals are just embracing the new prolonged interview and vetting process.  I think this stems from the fact that hiring managers are finally being held responsible for making hiring mistakes.  Therefore, they are taking more time to find a candidate that is ‘safe’ but not necessarily the ‘best’ choice.  Of course, as companies continue to reduce headcount, everyone must be able to do more than when they were originally hired.  This leads to inefficiencies in the process.

Lastly, managers, leaders and HR have taken on a whole new mindset when it comes to handing out opportunities.  In the old days, inclusion was the driving principle.  We would look at a person to determine what they had that we needed.  Today, we look first to see what they have that we don’t want.  It’s an exclusion mindset where we seek to rule all candidates out until we find one that just seems to fit.

I know all of this seems to be overwhelming.  It is.  Finding opportunity, even in the land of opportunity, is not easy.  In fact, it’s just as hard to find as anywhere else in the world.  We discriminate on every possible aspect of a person, though we’ll never admit it out loud.  So, how do you fight such forces that seek to separate you from opportunity?  You brand yourself.

Unless you have connections inside the company, you’re unlikely to manifest influence on decision makers.  The best way to bring opportunity closer is to draw those with opportunities closer to you.  Check out the infographic.  There are opportunities and people are looking to give them away.  Are you poised to be found?  Will people like what they see?

Branding is required and that need is here to stay.personal branding infographic