Audio available in app
The law of the word from "summary" of The 22 Immutable Laws of Branding by Al Ries,Laura Ries
The most important concept in branding is the law of the word. This law states that a brand should own a word in the mind of the consumer. When you think of a certain product category, one brand should come to mind immediately. For example, when you think of smartphones, Apple is likely the first brand that pops into your head. This is because Apple has successfully associated itself with the word “innovation” in the minds of consumers. In order to establish your brand in the minds of consumers, you need to be the first to claim a word. If you're not the first, it will be much more difficult to displace the brand that already owns that word. For example, when it comes to fast food, McDonald's is the brand that owns the word “burgers.” It would be nearly impossible for another fast food chain to claim that word now. When choosing a word to own, it's ...Similar Posts
Stay humble and openminded
It's essential to approach entrepreneurship with a sense of humility and an open mind. This mindset allows you to remain recept...
Investing in technology and automation can streamline operations for startups
Investing in technology and automation can be a game-changer for startups looking to streamline their operations. By incorporat...
Simplify your message to connect with customers
The key to connecting with customers is simplicity. Keep your message clear and straightforward. Avoid overwhelming your audien...
Prioritize communication within your organization
To keep your organization running smoothly and efficiently, it's essential to make communication a top priority. Clear, consist...
Delegate effectively
Effective delegation is a crucial skill for any entrepreneur or business leader. It's about trusting your team to take on respo...
Develop strategic partnerships to expand your reach
To truly scale your business and reach a wider audience, you need to think outside the box. One powerful way to do this is by f...
Invest in marketing and advertising to reach a wider audience and attract new customers
When it comes to growing your side hustle, one of the most important things you can do is invest in marketing and advertising. ...
Develop your communication skills
Communication skills are a crucial aspect of success in both business and life. Developing your ability to effectively convey y...
Brands must be honest and transparent
The foundation of any brand is trust. Without trust, a brand is nothing more than a logo and a tagline. Trust is built on hones...
Customers should easily identify with a brand story
Customers are bombarded with thousands of messages every day, making it crucial for a brand to stand out in the crowd. To do th...