Inside Entrepreneur

Brand - flying the flag

  • Oct 07, 2008
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I come from a line of lawyers. My father was a barrister in the English legal system. I was probably the first in a number of generations not to go into law, but I understood the value and importance of protecting a good name. We have nailed Virgin's colours to the masts of many businesses, so every one of them must pull its weight with our customers. The day-to-day survival of the Virgin brand depends upon all kinds of companies, and if one of our companies spoils your day, then that's the day more than just one Virgin company will suffer. That's the day you write off our TV service and look up another broadband provider. You reach into your wallet and there, poking out the top, is a Virgin credit card. Well, you're not going to be using that again in a hurry. You reach into your pocket to make your call and there, in your hand, is a Virgin mobile phone. You think to yourself: Was this thing such a great deal, after all . . .?

Whatever your brand stands for, you have to deliver on the promise. Don't promise what you can't deliver, and deliver everything you promise. That's the only way you'll ever control your brand. And beware: brands always mean something. If you don't define what the brand means, a competitor will. Apple's adverts contrasting a fit, happy, creative Mac with a fat, glum, nerdy PC tell you all you need to know about how that works. Even in the absence of competition, a betrayed brand can wreak a terrible revenge on a careless company. How many brands do you know mean 'shoddy', 'late' and 'a rip-off'?

You see? Easy.

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