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How to Build a Recognizable Brand Like Coca-Cola | Ep. #1481

How to Build a Recognizable Brand Like Coca-Cola | Ep. #1481

Released Saturday, 22nd August 2020
 1 person rated this episode
How to Build a Recognizable Brand Like Coca-Cola | Ep. #1481

How to Build a Recognizable Brand Like Coca-Cola | Ep. #1481

How to Build a Recognizable Brand Like Coca-Cola | Ep. #1481

How to Build a Recognizable Brand Like Coca-Cola | Ep. #1481

Saturday, 22nd August 2020
 1 person rated this episode
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Episode Transcript

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0:01

Welcome to Marketing School, the only

0:03

podcast that provides daily top level

0:05

marketing tips and strategies from entrepreneurs

0:08

that practice what they preach and live

0:10

what they teach. Let's start leveling

0:12

up your marketing knowledge with your instructors,

0:15

Neil Patel and Eric Sue.

0:19

All right, guys, before we start, we got a special

0:21

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0:24

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That makes it super super important to optimize

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your site for low time. And

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one easy way to do it is use the host

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that Eric and I use, dream Hosts. So

0:42

just go to dream host or Google it,

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find it, check it out, and it's a great way

0:47

to improve your low time. Welcome

0:50

to another episode of Marketing School.

0:53

I'm Eric Sue and I'm Neil Patel, and

0:55

today we are going to talk about how you can

0:57

build a recognizable brand like

0:59

cop Cola. So if

1:01

you think about Coca Cola, what do you think? And

1:04

everyone has their own concept of

1:06

it. You could think about the drink how it's amazing.

1:08

You can think about the warm polar bar. You can

1:10

think about all the companies they own. You can think about

1:12

Berkshire Hathaway. I believe they own

1:14

a good amount of Coca Cola. There's

1:16

a lot of different things that you can think about when

1:18

you look at the brand Coca Cola. But

1:21

if you want to build some of this recognizable, whether it's

1:23

Coke, AMEX, Nike, BMW,

1:25

Mercedes, the first thing that keep in

1:27

mind is if you don't have a good park or service,

1:30

you're not going to have a recognizable and memorable

1:32

brand. People remember brands like co

1:35

Cola because they like their products. If

1:37

people really hated your product,

1:39

yes and the short one, they may remember it because

1:42

they hate it, but in the long

1:44

run, they're gonna forget it. So the first thing

1:46

you need to do is build a good parct

1:48

or service. Brands aren't built overnight.

1:51

They're built by good products or services

1:53

that continually improve over time.

1:56

I remember, I think Coca Cola was a

1:58

formula from a this during

2:00

the Civil War. The guy that came up with it actually got

2:02

shot during the Civil War. I think he was on

2:04

the Confederate side. By the way. I don't know how I remember

2:06

all this, but I think his wound got infected,

2:08

and I think he ended up dying. And it took years

2:11

and years and years. It just kept Coca Cola formula

2:13

kept moving around. Same thing with a pepsi formula too.

2:15

I think what's important I'm digressing with that story.

2:17

But what is important is

2:20

distribution channels, right. I think when you're starting

2:23

out, where my customers hanging out? Who has

2:25

my audience? And I think Coca Cola has done

2:27

a really good job of partnering

2:29

with a lot of these people over time because they become

2:31

such a good household name a. It's

2:34

a very consistent product. Over and over and over they

2:36

learn how to scale it. But be beyond that, how

2:38

do they continue to have strong partnership, strong

2:41

distribution channels with these other people so

2:43

they can remain number one? Because when you go to a

2:45

store usually or when I used to and sing with Neil

2:47

Too, used to ask for a coke, you didn't ask for a

2:49

pepsi. The next thing you want to do is follow

2:51

the rule of seven and marketing. When someone sees

2:54

or interacts with your brands seven times, they're much

2:56

more likely to remember it. So what you want

2:58

to do is leverage all the social channels

3:00

out there, all the platforms, from your own blog,

3:03

you going live, creating videos. This

3:05

will all help with the rule of seven. It gives people

3:07

more touch points and opportunities to interact with

3:09

your brand, which is how you create something that's memorable.

3:13

Yeah, and the other thing too is speaking of something that's

3:15

memorable. When you think about a brand,

3:17

a brand basically tells you a story. Because when

3:19

I think about Coca col I think about the days when I used

3:21

to go get happy meals at McDonald's when I was

3:24

younger, and I always wanted to Coke, So that

3:26

brings me back to that, and Neil might have a separate memory.

3:28

But I think when you think about Neil's

3:30

example earlier, when Coke does the

3:32

polar Bear commercials, it's not talking

3:34

about how great their product is. It's kind of making

3:37

them feel good. I was like, Oh, it's so cute, and it's

3:39

like, did you see that commercial? It brings you the

3:41

feels. They're trying to constantly bring back that

3:43

nostalgic feeling for you. The

3:45

last, but not least, from my end, is just

3:47

do something for a very long time. Big

3:50

brands aren't built overnight. The Nikes of

3:52

the world, the Coca Colas of the world. They've been around

3:54

forever. You know. Just think about what Eric mentioned

3:56

about the Civil war and the coke recipe.

3:58

If you do something long and you have

4:00

the good products to get services, you're leveraging

4:03

the storytelling. You're leveraging the rule of

4:05

seven in marketing. Eventually you'll

4:07

have something memorable, but it takes time.

4:09

Microsoft wasn't built overnight. Uber wasn't built

4:11

overnight. There is no such thing as overnight success.

4:13

And usually if it is, it's gonna die

4:16

right back down where it came from, or it's because

4:18

of negative pr So just make sure

4:20

you put your best foot forward and

4:23

can you improve and do that for a very long time.

4:25

All right, So that is it for today,

4:28

guys. If you're interested, we are doing a twelve

4:30

week boot camp and the first cohort is going to

4:32

be taught by yours truly, and this is very experimental.

4:35

This is actually going to be free, but it's only going to be a cohort

4:37

of We're talking ten to twenty students. We're going to

4:40

see how it goes, see how the feedback is. If you want

4:42

to apply, go to marketing school at the

4:44

io Slash boot Camp As

4:46

of right now, we're only taking students in the United

4:48

States. Feel free to apply if you want. It might

4:51

open up in the future. But go there Marketing

4:53

School at the ioslash boot Camp and

4:55

we will see you tomorrow. We

4:58

appreciate you joining us for this secon of

5:00

marketing School. Be sure to rate, review,

5:03

and subscribe to the show and visit marketingschool

5:05

dot io for more resources based

5:08

on today's topic, as well as access

5:10

to more episodes that will help you find

5:12

true marketing success. That's

5:14

marketingschool dot io until

5:16

next time. Class dismissed.

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