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.
AL RIESToday, communication itself is the problem. We have become the world’s first overcommunicated society.
More Al Ries Quotes
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It is better to have 50% of one market, instead of 10% of five markets.
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Everyone is interested in what‘s new. Few people are interested in what‘s better.
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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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The Law of the Generic: One of the fastest routes to failure is giving a brand a generic name.
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IBM didn’t invent the computer; Sperry Rand did. But IBM was the first to build the computer position in the prospect’s mind.
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You have to reduce the essence of your brand to a single thought or attribute.
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If you can build a powerful brand, you will have a powerful marketing program.
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The Internet is the ultimate in brand-centered buying.
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War and marketing have many similarities.
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Strategy should evolve out of the mud of the marketplace, not in the antiseptic environment of an ivory tower.
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If you want to build a brand, you must focus your branding efforts on owning a word in the prospect’s mind. A word that nobody else owns.
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The essence of positioning is sacrifice.
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Positioning is how you differentiate yourself in the mind of the prospect.
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The real barrier (to building a brand) is the human mind.
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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.
AL RIES