This month, we read The 22 Immutable Laws of Branding by Al Ries and Laura Ries in the Indie Business Book Club. While the book is old (published in 2002), it proves that certain fundamental business principles really never change.
In today's technology filled world, failing to embrace the basics of business is a big mistake. After all, what good will it do to use technology to shine a bright light on a business that has no solid foundation? You'd just be shining a bright light on a lousy business, and no one can be successful doing that.
Book Review: The 22 Immutable Laws of Branding
The authors say that a brand is a proper noun (just like a person, place or thing) that conveys a single proposition about a particular product or service. Here are the 22 “immutable” laws and a bit of commentary about each one.
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- The Law of Expansion
The power of a brand is inversely proportionate to its scope.
- The Law of Contraction: In order to dominate a category, you must narrow your brand's focus.The power of a brand is inversely proportionate to its scope.Click To Tweet
Donna Maria, Indie Business Network
- The Law of Publicity
What others say about your brand is much more powerful than what you say about it yourself.
- The Law of Advertising
Advertising in its purest sense has changed so much since 2002 when this book was published that I think this chapter is useful mainly from an historical perspective, but our reader, Kimberlee Ann Donahue Mule from Three Sisters Herbals, had a great insight. She suggested that advertising to maintain positioning on a local level is probably a smart move.
- The Law of The Word
If you want to build a brand, you must focus your branding efforts on owning a word in the prospect's mind. A word that nobody else owns.
- The Law of Credentials
The crucial ingredient in the success of any brand is its claim to authenticity.
- The Law of Quality
You can build quality into your product, but that has little to do with your success in the marketplace.
- The Law of Expansion
Donna Maria, Indie Business Network
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- The Law of Category
Don't be a part of the market. Be the market.
- The Law of The Name
The most valuable asset of the your company is the brand name you use to identify the products (or services) you sell.
- The Law of Extensions
The fact that a financial opportunity (sale) works for your pocket book today does not mean that it will work for your pocket book tomorrow
- The Law of Fellowship
Similar businesses seem to congregate in the same neighborhood
- The Law of Category
Donna Maria, Indie Business Network
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- The Law of The Generic
The problem with a generic brand name is its inability to differentiate the brand from the competition.
- The Law of The Company
Customers relate more to the brand of product they are buying from you than they do to your company name.
- The Law of Subbrands
When you feel the need to create subbrands, you are chasing the market, you are not building the brand.
- The Law of Siblings
Build a solid core brand and then leverage it to add new brands that can support additional income streams in your business.
- The Law of The Shape
The power of a brand name lies the meaning of the word in the mind. For most brands, a symbol has little or nothing to do with creating the meaning in the mind
- The Law of Color
Be the opposite, when it comes to the color choice for your brand.
- The Law of Borders
Global brands are known in part for the country they are from
- The Law of The Consistency
Don't confuse your brand message. Be consistent and predictable.
- The Law of Change
There are 3 basic “safe” times to change your brand: (1) when it's all but non-existent anyway; (2) when you do it very gradually over time (which is a pretty impossible task if you are a small business); and (3) when you want to become a more “mass” type brand by lowering your prices.
- The Law of Mortality
While the laws of branding are immutable, brands themselves are not.
- The Law of The Generic
Donna Maria, Indie Business Network
- The Law of Singularity
Loss of singularity weakens a brand.
Buy this and other Indie Business Book Club picks at IBN's Amazon shop.
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Question
Did you read the this book with us? What insights can you share? If you are inspired by the information here, feel free to share in the comments below, or share on Facebook, Twitter, and LinkedIn.