Are you a specialist or a generalist? How you answer that
question will determine how you should be marketing your business.
Every business has a specialty – the product or service for
which it hangs its hat. This is what gets pushed in your marketing efforts. Many
startups begin as niche businesses, with one product or service that meets a
need. As businesses age, there is often a lure to expand products and services
to reach a broader base of customers. And when that happens, invariably someone
wants to change the logo to reflect the new services. Good and fine. Adding a
new line or expanding services is a suitable time for a new look. However,
oftentimes there is a suggestion to keep the old logo to service the original
niche and create a second logo to market the expanded services. This may seem
like a logical, best-of-both-worlds solution, but it is often a very bad
decision when you are talking about brand development and recognition. What it
creates is brand confusion. The customer sees logo number one, then sees logo
number two and then walks away not knowing that one is related to the other.
Can dual branding work? Yes, if you have two or more products
that need to be very distinct from each other but are in the same general
category. For instance, if you are
producing bottled beverages and you have a line of bottled water, fruit juice,
energy drinks and iced tea, you would want a distinct brand for each of them. It
only makes sense to give each product its own distinct brand that is different
from the rest. However, you would want the logo for your company to be
consistent, not changing it for each line of drinks. In this case, the company
logo is the brand and each beverage is a sub-brand. Sub-branding works if you
have product or service lines that are all in the same direction. But let’s say
your beverage company wants to get into a totally different line of work – like
real estate sales. Now your customers are totally confused. Are you selling
something to drink or somewhere to build a house under the same logo? In that
case, the real estate company needs to have a totally different brand from the
beverage company.
Branding is about simplicity of thought. I want customers to
recognize your logo at a glance and associate it with your specialty, not two
or three different ideas. If you are marketing a niche business that sells one
service or product line, creating a brand around your company name makes sense.
The company and the product/service should be seen as the same. If you are working
in a generalist business – a company that is selling a bevy of products and
services to be a one-stop-shop – try sub-branding the name of your company with
your product lines. Effective generalist marketing would include corporations
like FedEx (FedEx Express, FedEx Ground, FedEx Office), carmakers like Ford
(Ford Fusion, Ford F-150, Ford Service), food producers (Pillsbury Grands
Biscuits, Pillsbury Pie Crusts, Pillsbury Pancake Batter), etc. Sub-branding is
a good way to diversify your product and service offerings without losing your
company brand to the product.
Take a step back and examine your product and service
offerings. Are you a specialist or a generalist? Your direction in branding
should trend one way or the other.