
Business (and Marketing) Has a Problem...
To Invest in Brand or Not? 🤔
I’ve talked, and written about, branding (way too many articles and videos to reference, but you can like to them all from the blog page or the branding page). This is definitely one way to stand out, and there are countless examples of this working.
The difference between a well known and market leading brand vs a brand you’ve never heard of, is often not the product. McDonald’s does not make the best hamburger. Red Bull does not make the best tasting drink. But, for all these examples, we can also point to market leaders who don’t seem to invest a lot in their branding. Take Windex for example. Do you follow Windex on social media? Yeah, me neither. When was the last time you saw a Windex billboard? Have they ever sponsored your favourite sporting event?
So how do we reconcile this paradox? It seems as though branding is really just a mechanism for building trust. That’s really what we want. We buy Windex because we trust Windex. Why? Because they are recognizable, been around forever, are available in every major retailer that sells cleaning supplies… But we cannot achieve this same level of mind and market share overnight.
Okay, so how else can brands build trust?
Associations (i.e. sponsoring events or partnering with others that have already tapped into your consumer base.). For example, Rolex sponsors Golf, Tennis, and motorsports events because those are the types of activities that their target consumer play or consume. Celebrity (or influencer) endorsement has been around forever and will continue to work if done in the right way, for a long enough period. Sponsoring one episode of a famous podcast will obviously be less effective than sponsoring every episode of a podcast over the course of a year or many years.
But again, this can be seen as noise. Nobody listens to ads on podcasts. We skip those.
So what else?
Zig When Others Zag
There won’t be one answer that everyone can follow and have success. The second something works, there becomes a countdown until it stops working. The key is to always zig when others zag. Be different to stand out. Whether it’s your packaging, your associations and partnerships, your offer, your attention grabbing campaigns (whatever those may be).
Casey Neistat is a Master Storyteller
Continue Reading: Casey Neistat is a Master Storyteller

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