Focus, Focus and Then Focus Some More

I will keep on saying this until my mouth gets dry and you want to shut me up. If you want to have a chance at succeeding then you need to focus.

I spent this weekend working with teams at STARTup Live Athens, mentoring them and advising them on branding. I kept saying one thing over and over and over, “You need to focus!”. Some of them listened. Some that I spoke to but didn’t force them to do it, didn’t. The latter had some really good ideas that were on the right track to be focused and target a niche, but they got confused and thought that in order to scale they had to sell their product to everyone. To them, that was the answer to a “global” market and a bigger user-base.

What was the result? Pure dilution of what they stood for and no way to enter a market. Ideas that stood for something and tools that worked for someone, became huge swiss army knives that no-one would want to buy.

What got them there was confusion of how brands became what they are today. Usually when we look at a successful brand we don’t look at what got them to where they are, but what they are doing now. So if Facebook is for everyone, why shouldn’t we? The reality is that Facebook didn’t start there, it started as a network for Harvard students. Google didn’t start by offering all the tools it does today. It started as a search engine and to people’s minds it still stands as the place you go to find out stuff on the net.

If you want to have at least a chance to success, then do me a favour and focus. You don’t have to completely forget your expansion dreams, you’ll need those later. To start though you will need to be very focused and have a very specific market, otherwise you will burn out and fail.

 

Filed under  //  Simplicity Tuesdays   focus   niche   simplicity   starting up  
Posted by Harry Mylonadis 

What's Your Market? #BackToBasics

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Branding is not about selling your products or services to a bigger share of an existing market. Branding is all about making you stand out from the others.

The best way to achieve this is not by competing in existing markets. Your brand will be the strongest if you create your own market. You need to position your brand in a way that makes it stand on its own and carve your very own niche.

By doing this you will get a lot of benefits. You will be the first in that market so people will think you are the authority. It will be easy to get publicity in the media since people are interested in what's new (no-one wants to hear about yet another company that does what is already being done). You will have virtually no competition. Finally you will be able to provide better service and quality as you are not trying to do too many things.

Branding can help you stand out from the crowd, by creating your own market. The reality is that you will never be able to please everyone, so focus and get the recognition you deserve.

 

Filed under  //  Branding   Back to Basics   Branding Thursdays   Market   niche  
Posted by Harry Mylonadis 

Stand for Something

What does you brand and/or company stand for?

This is a critical question. This will make you different from the crowd and bring you the customers that believe in you.

When you answer this, you then need to keep to those beliefs and values. They need to be the same at every interaction with your brand and they need to be well communicated.

What you will gain from this, is that the people that agree with what you stand for will gravitate towards you. It will give you the opportunity to become a leader in your niche. Take it.

Filed under  //  Branding   Branding Thursdays   beliefs   niche   values  
Posted by Harry Mylonadis