The next generation product almost never comes from the previous generation.
AL RIESIt is better to have 50% of one market, instead of 10% of five markets.
More Al Ries Quotes
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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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Positioning is what you do to the mind of the prospect.
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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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The Law of the Generic: One of the fastest routes to failure is giving a brand a generic name.
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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 crucial ingredient in the success of any brand is its claim to authenticity.
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The Internet is the ultimate in brand-centered buying.
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You must be willing to give up something in order to establish that unique position.
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A successful branding program is based on the concept of singularity.
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It’s the first company to build the mental position that has the upper hand, not the first company to make the product.
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A brand should strive to own a word in the mind of the consumer.
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To get into the consumer’s mind, you have to sacrifice.
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Only brand names register in the mind… What you should generally do is take a regular word and use it out of context to connote the primary attribute of your brand.
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You need to allow enough time for this forgetting to take place
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Marketing is not selling. Marketing is building a brand in the mind of the prospect.
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