Jeremiah Marble
2y ago
What is a brand? π
Probably the trickiest "competitive moat" to build is your brand.
Everyone has a brand: it's what everyone else says about you & your products & your business - when you're not in the room.
1/9
Jeremiah Marble
2y ago
A brand's not just a logo or a catchy slogan.
It's the soul of your business.
When others think of you & your products: what are the experiences, emotions, and perceptions they associate with your company?
2/9
Jeremiah Marble
2y ago
And here's the tricky thing: you HAVE a brand.
But does anyone else know about it?
Is it any good?
Do it right, and your brand creates trust, loyalty, and differentiation in a crowded marketplace.
3/9
Jeremiah Marble
2y ago
π An obviously strong brand (currently) is Apple.
From iPhones to MacBooks, Apple works hard to convey innovation, simplicity, and elegance.
Boy do they have some loyal fans.
4/9
Jeremiah Marble
2y ago
You could argue that this "reality distortion field" forgives many π sins.
Early, pricy iPhones dropped calls.
Mac hardware is sleek & sexy, but is the OS REALLY innovative? (OK I'm biased)
And does anyone you know still use Apple Maps?
(Just...why?)
5/9
Jeremiah Marble
2y ago
πββοΈAnother one is Nike.
People the world over recognize the swoosh
The brand represents more than just shoes.
It's more Jordan and "Just Do It" and (to some of us) Pre.
Determination, empowerment.
6/9
Jeremiah Marble
2y ago
π©±A third epic brand? Spanx
Sara Blakely cut the feet off her pantyhose.
Used $5k of her own savings
Withstood MANY nos before one mill said "yes."
(Owner's 2 daughters convinced him.)
Kept her day job until big accounts w/ Neiman Marcus & Saks.
Sold Spanx herself on shop floors
7/9
Jeremiah Marble
2y ago
ποΈ One more is Porsche.
The 911 is the best sports car in the world (π₯π₯πͺ)
They're made for the track, though.
Not convinced their SUV-mini vans (Cayenne) are really there.
And good luck with the cupholders.
8/9
Jeremiah Marble
2y ago
Having "that sort" of a brand is obviously a good thing.
But how do you build one?
Find your why. Why are you doing this? What keeps you going when times are tough?
Put in the work. Day in, day out.
Be you. Don't pretend to be what you're not.
Adapt.
Good luck!
9/9