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Multi-Brand Franchises in the QSR Sector
Well not everyone is aware that McDonalds also owns several other bands such as Boston Markets; 650 stores in 23 states, Chipotle Mexican Grill; 230 stores in 10 states, Donato's Pizza 200 stores in 10 states, Pret a Manager 140 stores in 4 countries, Fazoli's 400 units in 32 states and two countries. Of this the company derives 2 Billion in annual sales, this is not even counting McDonalds. Many people are unaware of this because McDonald's has not connected the dots. However other franchise companies which franchise and have multiple brands have.
The question shall always be to you co-market to the same customers or serve separate niches. It depends, McDonalds seems to be targeting different customers althoguh if you consider in the US people eat major meals 2-3 times per day and there are 7 days a week, we are talking about 14-21 opportunities to feed them, now obviously other than single males, most of our population will eat the majority of meals at home. However how many of those meals will be eaten out side the home and of those visits to QSRs how many can McDonalds pick up.
Apparently after considering the additional 2 billion a year in sales, quite a few and remember McDonals is in 141 countries thus far so perhaps the cannibalization discussed in the franchising industry is a US thing for McDonalds and is not affecting it's other brands here yet or all of it's overseas markets for it's stead fast Micky Ds Brand. Think about it Pizza, Chicken, Tacos, Italian and Pretzels? Oh yah that Hamburger thing will never work? Sure, that is what they told Ray Kroc in the beginning, guess they were wrong.
Are you sure it is just about the Real Estate? Or did you just quote someone in a Speech one day?
"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs
Co-Branding in Automotive Service Businesses
In a world of co-branding, point of destination strategies and co-op marketing; all industries are evolving and diversifying to capture greater profits within a single brick and mortar location. The same strategies are used on the Internet only you can see it happen faster in real time on Internet web sites. In general much of the new thinking has been customer driven due to lifestyle changes, low unemployment, time factors and quality of life issues of the consumer.
Choosing The Right Business Name
Sometimes, new entrepreneurs are in such a rush to get started at their businesses that they jump right into working with customers without giving much thought to their BUSINESS NAME. "I'll just do business under my own name for a while, until I find something I like." While it seems easy at the time, you might want to re-think the plan to change business names down the road. You will find that, as your professional recognition and customer base grow, people have started to IDENTIFY you with the name of your company. A name change in mid-stream can be costly and confusing.
The Very Basics of Design
Design is a very subjective thing, therefore, if you ask me how to come up with a first class design for your marketing collateral or publishing mediums, it would be very unfair for me or anyone else to tell you what is a good design and what is a bad design. But there are certain elements and principles that we should look for in a design to determine whether the design and layout of the material will be able to carry the message across effectively to the readers and your potential market. The main aim of every design material related to advertising or promotion is either to sell something, promote something or brand a company.
Setting the Right Price
One of the ways people get to know you is by the identity you project. Your company name, the way you present yourself, your business card and brochure, where you work, and other ways you conduct your business create an image that gives your customers information about you.
How A Crazy Branding Stunt Can Bring Results For Years
As a beginner, you would be forgiven for thinking that marketing is simply advertising your product or service, how wrong you are.
Branding Advertising Agency
Branding used to be a fancy business word, but it is becoming more and more used in everyday business meetings. Finally! For decades, big corporations have used in-house, very well paid brand managers - someone in charge of managing everything that relates to the brand, including design, package and partnerships. You've heard enthusiastic talks about branding, but you are still not sure if you should get a brand management plan going for your business.
Having been in the franchising business all my life and understanding how hard it is to build a brand, I have probably read every other popular book on the subject. Some are good and most are excellent, as each one helps give you ideas on setting the stage for your brand marketing objectives. Branding on the Internet is somewhat new as before 1995 there was little if any Internet to speak of. One book I can recommend is:
Putting You and Your Company in Position to Own Your Market
Americans have always liked their coffee hot. But then Starbucksmade hot coffee desirable, in demand, and extraordinarilyprofitable. And then Starbucks made coffee "cool" with itssuper-popular iced Frappucino drink -- just as trendy,fashionable, and universally appealing.Starbucks is no doubt one of the greatest marketing stories ofrecent history. How this company turned an unassuming beverageinto an icon of sophistication and taste is no mystery, however.It's all about a marketing tenet called positioning.The coffee company started out in Seattle's Pike Place market in1971 as a single gourmet coffee shop, and by 1995, the chain'searnings were $26.1 million. Marketing experts agree thatStarbucks' skyrocket to fortune centers on its aesthetic sense.In other words, the public's perception of Starbucks has to dowith how it appreciates this company's style. Sure, Starbucksfilled a need and created unique product brands, but whatattracts coffee drinkers again and again is the experience ofthe Starbucks environment and its products. Smooth,sophisticated, artistic: These are seductive qualities even fora business based on a little brown bean.The Starbucks story illustrates at least two powerful marketingprinciples. Both help us to better understand effectivepositioning, or the process of finding a "place" for ourselvesin people's minds:People buy for their own reasons, not anyoneelse's.The stronger position is found in the experience, outcome,or benefit you provide as opposed to the methods you use forproducing those outcomes.Starbucks shows us that it's not about packaging -- it's aboutpositioning. The environment of Starbucks creates an experiencethat invites us to come study for exams, hang out andphilosophize with friends, or get the day started with a warmcup of java and the morning news. Starbucks is an invitation tolinger, not just get your coffee and go.When you are assessing your own position and considering how youmight improve your image and thus your market share, rememberthat there are essentially four winning positions: better,different, faster, or cheaper. You can certainly positionyourself as one of these, perhaps even two; capturing a positionas three of them is tough and probably not desirable, andcornering all four is just about impossible.Not everyone is up to the task of creating another Starbucks.It's tempting, with price wars so rampant, to believe that aperception of being cheapest is easiest to establish. Yet intruth this is the most difficult because of fixed costs. It'slike doing the limbo: you can go only so low, and then you'reoverextended or flat on your back. Definitely not the easiestposition to be in.How about being better instead? Contrary to popular belief, thisis perhaps the easiest position to take, since making animprovement or simply creating the impression of greater qualityor ability has no constraints. One tip: when you capture thedifferent category, you may get the better category as aby-product.Starbucks capitalized on this technique, as did Dennis Rodman,the oddball of basketball. He came up with a way to take twopositions in fans' eyes: both different and better. Okay, maybehe wasn't actually better than his teammate Michael Jordan, whowas unbeatable, but certainly he was perceived for a time asbetter (cooler, trendier) among those who were captivated by hisstyle. His fashion and fascinating antics made him so unique thathe became unforgettable. And because he was also an excellentball handler, he became famous and highly regarded in hissport.BMW has also taken the better-different approach. Until fairlyrecently, Mercedes-Benz had the better luxury car market sewnup, so BMW -- a competitor with a parity product -- simplyrepositioned itself. Its tag, "the ultimate driving machine,"appeals to a younger crowd and gives them luxury with power andhandling. This is "hip luxury," which is different from theMercedes position, which could be summed up as "elegant luxury."And voilà: BMW became as hot and desirable as a cappucino on awintry morning.BMW marketers had both a strong sense of the position theywanted to hold and precisely defined their premium clients, thecréme de la créme within their target market. You can do this,too. Once you've figured out what position you can successfullygain in your business, ask yourself the following.Who is my premium client? Who would be the most enjoyableand rewarding to serve?What are this client's unique desires, needs, andchallenges? How can I best serve this client?What do I (or can I) provide in a unique way to help myclients achieve their business outcomes?How can I position myself as an expert in this market?With this information, you can tailor your marketing efforts --everything you say to people, any support materials you use,even the way you dress and act -- directly to this audience tohelp establish your position. This is the first step to "owningyour market."Positioning is like popularity: You have to be seen in the rightplaces and with the right people. This is more than socialclimbing: You learn more about your clients and they learn moreabout you when you frequent the same places, attend the samefunctions, join the same associations, be published in theirperiodicals, and develop products and services specifically forthem.Positioning is as much about who you are not as it is about whoyou are. Starbucks is not a cheaper and faster cuppa joe; it isan upscale, gourmet coffee experience. BMW is no old-styleluxury; it is stylish performance. Dennis Rodman is no gentlemanforward; he is the outrageous, extreme athlete who is arecognized celebrity even for people who don't know basketballfrom billiards.Do you want to win big? If so, have the courage to answer thesequestions clearly and define your own game: Who are you? Who areyou not? Who are your clients? These are the essential decisionsyou must make if you want to not only understand but own yourmarket.
How Do You Define a Good Logo Design?
Everyone wants his company logo to be the best but how good is good? How do we define a good logo? Is it necessary to be colorful or an exquisite piece of art? Can a simple design work as a good logo? We are often in a dilemma.
Brand Your Consulting Brilliance
Today's competitive marketplace for consulting services is no longer responsive to the marketing strategies that worked in the past. The services you provide should speak volumes about your consulting business. Think about what happens when you hear phrases such as "the ultimate driving machine," "don't leave home without it," and "just do it." Chances are good that you can immediately associate them with BMW, American Express, and Nike. These companies have mastered "brand brilliance." Brand your consulting brilliance because the future of your business depends on it.
Simple Risk Reversal Formula Will Send Your Sales Into Space (1 of 2)
Make A Bold Promise Then Back It Up With An Awesome Guarantee
Trademark: Do I Need One for My Business Name and Logo?
Wondering if a trademark is important to you as a business owner? Let's start with the basics. A trademark is a word, phrase, symbol, or logo that distinguishes and identifies the source of goods of one company or person from another. For example, the name Kraft is trademarked, as is Nike's "swoosh" logo.
What the Heck is Branding and Why Should I Care?
There's been a lot of buzz lately about branding. But what exactly is it, and who needs to do it? Simply put, a brand is what makes your business uniquely YOU! It's the way you present your business and how the world perceives it. And, importantly, it's the way your clients remember you when it comes time to make another purchase. Branding encompasses your key marketing messages and tagline, logo, marketing materials, image, and your clients' complete experience with you from start to finish.
Corporate Branding and Professional Logo Design
Any business with the minimum interest to be successful should concentrate on developing their corporate image and when I say "any business", I mean it, absolutely any business-even if it's a mom-n-pop shop. "Corporate image" might be a big word for such small ventures, however, what I meant by that is how the business wants themselves to be perceived by their customers. Irrespective of the size of the business it is very important to determine how do you come across to your potential customers? How do you compare to your competitors? These factors are largely determined by your branding and marketing strategies. Branding tools like logo designs, business cards etc goes a long way in creating your corporate image. Any marketing communication material should ideally have your corporate logo on it, which would give more credibility for your business as well as help your client to perceive your business as a professional enterprise.
Time To Revamp Your Visual Identity?
Look at your company logo. Does it fade into the background against other images you use to promote your company? Has it become dated? Does it still fit with your company vision? Is your message connecting with the customers you want?
Im Just Starting, Why Do I Need a Logo Design?
Businesses eager to open often give little thought to their identity.With so much to get done, designing an appropriate logo hardly seemslike a top priority. However, this oversight can prove to be acostly error in the long run.
Great Brands Depend On Attention To The Brand Architecture
Do you have the architecture in place to make sure each and every brand contact sends the right message?
Branding Guru - Brand Identity Guru
Which Of These Words Attract Your Clients
Whether it's your business card, tagline, article title, web site title and description or ad, just the difference of a few words can either pull in prospects and clients or push them away. Getting it right can determine whether your phone is ringing off the hook or you are twiddling your thumbs hoping someone will call.
Brand Equity - Brand Identity Guru
7 Qualities Of A Strong Brand:
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