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The Law of the Generic: One of the fastest routes to failure is giving a brand a generic name.
Al Ries
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Al Ries
Age: 97
Born: 1926
Born: November 14
Author
Economist
Atlanta
Georgia
Failure
Name
Names
Law
Generic
Giving
Fastest
Routes
Brand
Brands
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Today, communication itself is the problem. We have become the world's first overcommunicated society. Each year we send more and receive less.
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It's better to be first in the mind than to be first in the marketplace.
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It normally takes decades to build a brand... It's the forgetting of the old truth that allows a person to accept a new truth. You need to allow enough time for this forgetting to take place
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Marketing is not selling. Marketing is building a brand in the mind of the prospect.
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It's the first company to build the mental position that has the upper hand, not the first company to make the product. IBM didn't invent the computer Sperry Rand did. But IBM was the first to build the computer position in the prospect's mind.
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The most powerful concept in marketing is owning a word in the prospects mind.
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THE LAW OF THE CONTRACTION: A brand becomes stronger when you narrow its focus.
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Good things happen when you narrow your focus.
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A brand should strive to own a word in the mind of the consumer.
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Advertising is the way great brands get to be great brands.
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Successful brands get into the mind slowly. A blurb in a magazine. A mention in a newspaper. A comment from a friend. A display in a retail store. After a slow buildup, people become convinced that they have known about the brand forever.
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