What Is a Brand and Is Yours a Good One-Some Definitions
The next several “lessons” will center around the professional musician as a business—a store—where clients can get musical expertise. If you buy into the idea that musicians are small businesses, you can take it a step further. Companies spend a good deal of time and money thinking about, developing and protecting their brands, and there are business professionals who think about this on a daily basis. What follows will be six, or so, blogs discussing musicians and brands.
What Is a Brand and Is Yours a Good One—Some Definitions
What is the first thing you think of when the company Coca-Cola is mentioned—how about Apple or Mercedes? These are all strong brands that have distinct images associated with them. As a musician you also have a brand. You, Inc. means something to those who want to hire you. Let’s think about that in business terms for a minute. Put on your business hat again. Here come some definitions.
“A brand is a trademark or distinctive name identifying a product or a manufacturer.”1 And brand equity is a set of assets and liabilities linked to a brand (name and/or symbol) that add to or subtract from the value provided by a product or service to a firm and/or to that firm’s customers. 2 Whew! Even I have to read that last sentence twice! As musicians we don’t often think in these terms, but whether intentional or not musicians develop their brands too. Some would call it your reputation or image. Picture a musician like Yo-Yo Ma. What do you think of when you hear his name? It could be—he’s at the top of his field, artistic musician, wholesome, diversity, multi-cultural, wide-range of music, personable, good guy, etc. How about Wynton Marsalis? It could be—cultural roots, has respect for the history of jazz music and its preservation, great classical as well as jazz musician, Lincoln Center Jazz, Juilliard, etc. (read: diverse Legos). If Miles Davis is thought of in the same manner it could be—innovative, legendary, cool, hip, bad boy, eccentric, etc.
In business a strong brand is identified with a message or image that is meaningful to the consumer. It stands apart from other brands and the consumer feels good about using it. Marsalis, Ma and Davis are all strong brands. It could be argued that there are other musicians who are equally talented and artistic, but the brand of these three musicians sets them apart from the pack. Some might perceive Davis’s brand as having some negative descriptors, but remember what is perceived as negative to some can be positive to others (or reason to go to a concert to see and hear what this person is about).
When people consider going to a Marsalis or Ma concert or purchasing one of their recordings, they base much of their decision on past experiences with these artists. For example, they saw Wynton on television. They liked what they saw and heard, and therefore decided to check him out in a live concert. This potential concert-goer was linking back to past experience in an effort to predict future outcomes. “I like his recordings. I’ll like him at a concert. We’ll have a good time. Let’s buy a ticket.”
We will talk about your brand in the next blog post.
FN: 1 The American Heritage Dictionary of the English Language: Fourth Edition. 2000
2. David A. Aaker and Erich Joachimsthaler, Brand Leadership (New York: The Free Press, 2000), p. 17.
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