13/06/2024
It's easy to conflate your brand and your differentiators - or focus on one over the other.
Truth is, you need both. And you need to understand this one truth...
A brand can last forever, but your differentiators will need to constantly tweaked so you remain competitive.
Coca-Cola is a good example.
Its brand is iconic. You only need to see Coca-Cola red, the script logo, or its uniquely shaped bottle, and you know you’re getting a Coke. That a powerful brand.
But it’s not differentiation.
When Coca-Cola was invented in 1886, they had some huge differentiators: carbonation; their sweet, syrupy flavor; a non-alcoholic refreshment (soft, not hard).
But as the market developed, carbonation was no longer a differentiator. Soft drinks became a category.
The flavor itself was almost recreated by market challenger Pepsi, so that’s no longer a differentiator.
And now, buyers are looking for healthier options for their flavored drinks. The sweet syrup is a liability, not a differentiator.
It's the same for your brand. Do you have a strong brand and good differentiators?