The most powerful concept in marketing is owning a word in the prospects mind.
AL RIESEveryone is interested in what‘s new. Few people are interested in what‘s better.
More Al Ries Quotes
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That is, you position the product in the mind of the prospect.
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But with a laser, you can drill a hole in a diamond or wipe out cancer.
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The new product, if it’s going to be successful, is going to require a new name. New ladder, new name. It’s as simple as that.
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A brand should strive to own a word in the mind of the consumer.
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Each year we send more and receive less.
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The reason is obvious. A well-known name got well-known because it stood for something. It occupies a position in the prospect’s mind. A really well-known name sits on the top rung of a sharply defined ladder.
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What should a brand leader advertise?
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Marketing is not selling. Marketing is building a brand in the mind of the prospect.
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It normally takes decades to build a brand… It’s the forgetting of the old truth that allows a person to accept a new truth.
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It normally takes decades to build a brand because it takes decades to penetrate the gray matter in between your ears.
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An attribute that nobody else already owns in your category.
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It takes a mile before anything happens. And if it was a wrong turn, getting back on course takes even longer.
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Strategy and timing are the Himalayas of marketing. Everything else is the Catskills.
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When a really new product comes along, it’s almost always a mistake to hang a well-known name on it.
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Advertising is the way great brands get to be great brands.
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