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The original reason for brands was to let the buyer know the source of the goods. "We made this," says the organization we trust when we buy something.
Over time, though, brands have evolved into something we want other people to see, not just us. "I bought this," says the person who wears or drinks or drives something with status.
The essence of a brand with social juice, of one that matters as a label, isn't how big the logo is. No, what matters is that the buyer thinks the brand is important, and that the logo is a signifier that they're paying for.
So no one complains that the logo on the wine bottle is not in tiny 18 point type, or that the BMW convertible has 8 or 9 or 14 logos on it, or that we can tell it's a Harley just from the sound it makes driving down the street.
If you are angling to make your logo bigger but your customers don't care (or resist), if your customers aren't eager to say, "I bought this," then you're doing the wrong angling. The work that needs to be done is to create a product and a story that makes your customers want you to make the logo more prominent.
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Mish's Global Economic Trend Analysis |
"Nancy's VoiceBox", Lou Gehrig's Disease, Google Glass Posted: 31 Jul 2014 08:44 PM PDT Occasionally I receive a touching email that also offers a practical solution to extreme challenges. This is one of those times. Please consider this email from reader "Zentangle". Hi Mish,Zentangle Let's hop over to Zentangle's most recent blog entry, simply labeled "ALS". The article notes how Maria Thomas came up with an idea to get around the ALS communication problem. I went through the same things. My wife Joanne could not talk but she could write. Then she lost that ability but could manage to push a button say select phrases. Then everything went. With that personal background, here is the idea that Maria Thomas came up with after several months of unsuccessfully trying to use a very expensive, speech-generating device (basically a computer with technology that tracked eye movements). From Zentangle ... She [Maria] lettered the alphabet, numbers and some key phrases on a large 3 x 4 foot piece of 1/2 inch foam board. I ordered a bunch of laser pointers. We got a pair of Nancy's sunglasses and removed the lenses. We used electrical tape to attached two small laser pointers with switches (so they would stay on without keeping them pressed in) to Nancy's eyeglass frames. We used two laser pointers so the frames were balanced, and if a battery ran out in one laser, the other could be immediately turned on."Nancy's VoiceBox" Google Glass Nancy's Voicebox is a fantastic idea. But I think we can easily improve on it. The problem I see is that "Nancy" (anyone with ALS), might not have the ability to turn their head and point a laser at a word or phrase. The obvious solution is Google Glass. As long as someone can move their eye just a slight bit (something they probably can do) Google Glass will work. I believe Steve Hawking, renown theoretical physicist could greatly benefit from such a device. I am going to pass this on to my contacts at Google, and also to the Les Turner ALS foundation. Mish Experiences Those interested in my experiences with Lou Gherig's disease can read about them here ... April 2, 2012: My Wife Joanne Has ALS, Lou Gehrig's Disease May 16, 2012: My Wife Joanne Has Passed Away; Stop and Smell the Lilacs May 14, 2013: Wine Country Conference Speaker Presentations All Posted (Hussman, Chanos, Martenson, Pettis, Mauldin, Mish) In honor of Joanne and Nancy, please consider making a Donation to the Les Turner ALS foundation. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. |
Posted: 31 Jul 2014 01:04 PM PDT The march for fully autonomous driverless cars marches on. In May, Google announced the Next Phase in Driverless Cars: No Steering Wheel or Brake Pedals. Google's prototype for its new cars will limit them to a top speed of 25 miles per hour. The cars are intended for driving in urban and suburban settings, not on highways. The low speed will probably keep the cars out of more restrictive regulatory categories for vehicles, giving them more design flexibility.Taxis Targeted Google's cars come equipped with elaborate sensors that can see 600 feet in every direction, are fully electric, and have a range of about 100 miles, perfect for city use, especially driverless taxi cabs. Google plans for 2017 operation. Last year, Lawrence D. Burns, former vice president for research and development at General Motors and now a Google consultant, led a study at the Earth Institute at Columbia University on transforming personal mobility. Driverless Cars on UK Public Streets Starting January The BBC reports UK to Allow Driverless Cars on Public Roads in January. The UK government has announced that driverless cars will be allowed on public roads from January next year. It also invited cities to compete to host one of three trials of the tech, which would start at the same time.Taxi, Truck Drivers First To Go Taxi drivers, truck drivers, and mining operators will be the first to go. I have written about this many times, and was largely dissed. But the future advances relentlessly. My target of 2020 no longer looks optimistic; it looks pessimistic. Further Discussion
All of the above will be in widespread usage by 2020. Personal cars will likely be the last affected. Taxis and commercial trucks will be first because eliminating the driver eliminates a huge expense. Millions of drivers will lose their jobs. Inflationary? Hardly. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. |
Sanctions Starting to Bite the Hands That Promoted Them Posted: 31 Jul 2014 11:27 AM PDT As I have said on numerous occasions, sanctions are a lose-lose game. So it is not surprising in the least to discover Russian Crisis Already Taking Toll on Western Businesses.
Russian Response Bloomberg reports Russia Eyes Banning U.S. Chicken And Some European Fruit. Facing tougher sanctions over Ukraine, Russia said yesterday it may ban imports of chicken from the U.S. and fruit from Europe and is investigating McDonald's Corp. (MCD) cheese for safety.Geopolitical Madness Sanctions are a form of Chicken Coupled With M.A.D. So far, the damage is minimal, but if Putin angrily cuts off natural gas flows to Europe, or raises prices in response, all hell will break lose. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. |
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