Branding, branding, yadda, yadda…

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I think the main reason more companies don’t put a priority on brand building is because they see it as just another line item in a marketing budget: just another expenditure, one that won’t have any measurable impact on the bottom line.
The reality is that brands are more than just the sum total of logos and ad slogans. When they’re properly managed, they become assets for companies, assets that can and do deliver real revenue. Let’s look at just a few of the ways that a strong brand impacts a bottom line.
– Products issued by strong brands command premium prices. Consider how much a cup of Starbucks coffee costs relative to a cup from the corner diner and you’ll get what I mean.
– A strong brand creates loyalty, which means more repeat purchases and increased profitability for the lifetime of the customer.
– A strong brand gives you negotiating power. Think about the leverage a company like Walmart is able to exert over its channel partners in exchange for the privilege of doing business with the king of retail. Need I say more?
– A strong brand helps you attract and retain the best people, maintain high employee morale, and create a culture that fosters excellence.
Add up these revenue-generating, cost-saving and asset-building benefits and you can see why leading companies place such a premium on building and protecting their brands — and why, increasingly, companies are being valued on the overall strength of their brands. Kinda makes you want to work on yours a little, doesn’t it?

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Rob Womack

If there’s anyone who can honestly say, “Been there, done that,” it’s Rob. After traveling the world for seven years in his 20’s, Rob went to LA and started working in film production. Then it was off to New York, where he learned how to program, which eventually brought him back home to Louisville to build websites. At Current360, Rob heads up our in-house production studio, creating all things digital for our clients — videos, commercials, radio spots, and a lot more. 

When he’s at home, Rob likes to create things like homemade kombucha and music.