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Build A
Brand. The success of the catalog started with the hit picture, "Butch
Cassidy and the Sundance Kid." That film gave Robert Redford the money to
purchase the land and lodge in Provo Canyon. Most of us who start a business
from scratch don't have brand recognition. Harry certainly did not have brand
awareness when he started his children's products catalog. When he started the
Sundance catalog, the lodge already existed and soon the film festival also
bore the name "Sundance." As a result, the festival helps the catalog, the
catalog helps the lodge, and the lodge helps the festival. With 12 million
catalogs being mailed per year, the catalog is building brand awareness for all
of Mr. Redford's enterprises.
Topic for
Discussion: What is the difference between a brand and a product?
Answer: A
brand is a the banner under which products are sold. Therefore, when done
right, a product is a specific item that in a way represents the brand. Think
IBM. It is a very big brand. It has been making products for decades and some
of those products have been marketplace hits and others haven't.
However, through
the years, the brand of IBM continues to stand for the same thing. It stands
for the biggest technology company; it stands for reliability, consistency and
ethical business practices. By promoting the brand of IBM, the company then
develops products that are sold under that banner, but that serve a very
specific need.
Topic for
Discussion: What is the Sundance brand known for?
Answer: To
some people, Sundance is 6,000 acres of land with a luxurious yet rustic lodge.
To others it is a film festival. To several million on the catalog list,
Sundance means lovely home accessories, clothing and jewelry all designed by
America artists with an eye on quality and value. Robert Redford bought the
land in Provo Canyon to protect it, and then to provide a place for artists to
develop their craft.
With these goals at
the root of his company, the catalog taps into what he has already established:
he is not just another pretty face. He is an environmentalist, an artist and an
impresario. When customers order from Sundance Catalog, they are ordering
products, but they also are buying into Robert Redford's dream of saving the
West and cultivating good designers.
Harry says,
"Sundance stands for a blend of environmental responsibility, creativity and
support of the arts and responsible business. And the Sundance concept is for
all of these entities to support themselves, to support the arts, to support
the environment."
The brand is
critical because it conjures up thoughts that turn into the action of buying or
not buying. What people think of your company will make or break you, and this
doesn't have anything really to do with a specific product.
You think about
it: Do you think small businesses need to worry about their brand? What do
you do now to build brand awareness? How do you know if that is working? If we
asked your neighbors what they think of your business, what would they tell
us? |