branding 101 for start-ups

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Branding for Start-ups Patrick “Mad” Mork Nov 18th, 2014

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Your brand is one of the most important things you'll build as an entrepreneur and can add immeasurable value to your company. But what really is branding? Why does it matter and what kind of benefits can it bring me? This short preso was for the Yodlee Incubator and seeks to answer some of these questions and also provide aspiring entrepreneurs with a short guideline on how to get started building lasting, memorable brands. Enjoy!

TRANSCRIPT

Branding for Start-ups Patrick “Mad” Mork

Nov 18th, 2014

About  Mad  Mork  

What is Branding?

Germanic / English origins from the 17th Century

-  A piece of smouldering wood -  To mark, burn a animal -  A sword

Why is branding important?

Benefit - Memorability

Benefit - Familiarity

Benefit - Reduced Marketing Costs

Benefits: Premium pricing

Benefit: Consumer / Client Loyalty

Benefit - Extensions

Benefit - Company value / equity

It all starts with a Strong, Bold Vision

Which translates into execution

Vision

Mission

Strategy

Example

Vision: To create a more compassionate and connected

humanity

Strategy: To integrate location, communication, and the metagraph into a single tool that enables people to spend time together, communicate, and stay

connected over time.

Mission: Help people maintain and deepen relationships over a

lifetime.

Onto the 2nd Pyramid - The Brand Pyramid

What is the main idea or reason for being of this brand?

What kind of emotional benefits does the product /service provide?

What are the benefits derived from using the product /service?

What are the key benefits I get from this functionally?

What are the main features of the product /service?

Brand Essence

Emotional Benefit

Logical Benefits

Functional Benefits

Features

Example - Apple Brand Pyramid

Think Different

Rebellious / Artistic

Attractive, Fast, Elegant, Easy to use

Sleek Design, Fast Processors, Advanced OS

Brand Essence

Emotional Benefit

Functional Benefits

Features

As a start-up what defines your brand?

So Start with your Brand Bible

Includes:

❖  Vision Pyramid

❖  Brand Pyramid

❖  Tone / Voice

❖  Attributes / Personality

❖  Phrases

❖  Messaging

❖  Brand logos

❖  Brand do’s / dont’s

❖  Color palette

❖  Creative examples

Methodology  -­‐  example  

Management    Interviews  

Consumer  Research  

Compe66ve    Research  

•  10+  hours  of  1:1  interviews  

 •  Group  sessions  

and  discussions    

•  Audio  and  wri8en  transcripts  

•  1000  Connect  consumer  interviews  done  using  AYTM.com  

 •  Data  pulled  from  

1000+  App  store  reviews  

 •  22k  emails  from  

Connect  DB  

•  CompeEEve  product  usage  /  tesEng  

 •  Leveraged  

compeEEve  survey  

 •  Research  on  

compeEEve  posiEoning    

September  –  October  2014  

1.  Value proposition extends beyond its product

2.  They make a difference and aren’t just different

3.  Don’t interrupt people; they involve them

4.  They engage our emotions

5.  Help people help themselves

6.  Consistency over time

In conclusion, what defines a great brand?

Enjoy your Run!

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