Archive for the ‘Brands’ Category

Taking a Chance on a New SyFy Adventure!

Tuesday, January 26th, 2010

It was a Sunday, BORING Sunday: 118 degrees outside and not really feeling like burning by the pool. I decided it was the perfect opportunity to catch up on my 8 page list of TV shows. Gone are the days of Cable TV for me, so I fired up the Hulu and headed to my favorite section, the “Sci Fi Channel.” I clicked on the link for their hit show “Eureka,” but wait! Something’s different. Something’s off. And then, I see it! New logo? A new slogan? A rebrand?

New Slogan & Logo
Being a part of the advertising community, I felt slightly guilty not investigating the rebrand further. According to the New York Times, the tweaking of the Sci Fi name (which was introduced in 1992) is part of an effort to distinguish the channel and its programming from other cable competitors. But Syfy executives saw other reasons for why launching a rebranding campaign would prove beneficial.
For one, Sci Fi is a vague name and genre that cannot be trademarked. They realized that their name wasn’t defining who they were. Potential viewers already had their own perception of the “Sci Fi genre” and they wanted to be different. It didn’t capture the full landscape of fantasy entertainment.
According to Mark Stern, executive VP of Syfy, the new name also hopes to explore the types of programming the network currently lacks, such as animation and single camera half hour shows. The new slogan, “Imagine Greater” allows creative forces limitless options towards future programming. They also saw that although the change was risky, the name is similar enough to the original brand to convey continuity to its older viewers, making confusion minimal.
But it’s not all about finding oneself in the world of advertising. The channel, which estimates their 2009 ad revenue at $408.3 million, hopes the change will offer more options to potential advertisers. A larger variety of programming targeting different demographics will help. So, is it time for a rebrand? As one participant in the branding campaign put it: “If I were texting, this is how I would spell it.” Something to think about if you’re considering a change. A true sign of the times!

Google — the Most Valuable Brand in the WORLD!

Tuesday, January 26th, 2010

Millward Brown just released the 2009 BrandZ list of the top 100 Brands in the world.  Google tops the list with an estimated Brand Value of $100,039 Million!

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The Report also listed 10 great “Take-Aways” regarding their findings.  Here are a few that I thought were worth sharing.

Brands Still Matter

According to Millward Brown, as long as consumers believe a product/service has value, they will be willing to pay for it.  I found this very interesting considering today’s economic situation.  This just shows the huge importance of creating an excellent brand image, especially in today’s market!

Don’t Be Greedy

I love this one!  The Report states, “Consumers are not in the mood for greed. And greed is not required for success. Once we are on the other side of this economic slowdown, consumer spending will pick up. But perhaps slowly, as people internalize the lessons of our recent boom and bust history. They will want quality, intelligently-created, well-designed products.  But they may not want one in every color.”

I do believe that many consumers are becoming more conscious of their spending and are moving towards simpler, more economical (and even greener) solutions for their everyday needs.  Moreover, by supporting local charities and events, not only will your community benefit, but so will your Brand!

Think Value For Money

Everyone is looking for value these days!  Frivolous spending is becoming a thing of the past, so Marketers have the renewed challenge of creating messages that can creatively and effectively communicate their Brand’s value.

Be Real

Millward Brown believes that with lower budgets and mounting concerns, today’s customers have become more serious.  Consumers want to support trustworthy brands that will meet their expectations.  Brands need to take a cue from this growing sentiment and make sure that they are not taking their customers’ needs lightly.  Not only does good marketing need to communicate value, but it also needs to show how the product/service satisfies the consumer’s needs and desires.

Stay Relevant

This is a huge one!  In today’s economic climate, more and more consumers are “trading down” in order to save money.  This definitely creates new challenges, but it also creates new opportunities!  Millward Brown sites Starbucks as a great example of staying relevant.  In order to save money, many consumers have been trading their coffeehouse drinks for brewing their own coffee at home.  Starbucks adapted to these new conditions, recently launching a range of instant coffees in order to retain these customers, and maybe even appeal to some new ones!

Source: Millward Brown, BrandZ Top 100 Most Valuable Global Brands 2009,http://www.millwardbrown.com/Sites/Optimor/Media/Pdfs/en/BrandZ/BrandZ-2009-Report.pdf