In my career I have met some amazing marketers. Among that group I include Kevin Roberts, CEO of Saatchi & Saatchi. Kevin is a branding visionary. His thinking on the power of lovemarks has inspired me over the years to be a even better brand builder.
In the last three years I’ve become convinced the concept of a lovemark is a great example of a product branding principle with important reapplication potential in place branding.
A lovemark creates “loyalty beyond reason”. It establishes a strong emotional connection between a brand and a consumer. There are a number of consumer product brands that have achieved the status of lovemark. Brands that consumers identify so closely with that they cannot imagine living without them. Think of brands like Apple, Coke, Pampers, and Tide.
But, this isn’t a concept that only applies to products, places can also aspire to become lovemarks. Check out the top 50 list of places that Kevin has compiled that have lovemark status. These places have successfully created a deep and positive emotional connection that can be leveraged to increase travel and tourism revenue and/or improved competitiveness for capital investment opportunities.
In my experience, the pursuit of transforming a brand into a lovemark is where you can derive real value because it will challenge you to make better choices on how to strengthen the relevance, competitiveness and authenticity of your brand promise. Deciding to invest in making your location a lovemark will place your community, region or state on a journey that will lead to accelerated job growth and economic prosperity. The journey is not easy, but the benefit of forward progress is definitely worth the work and investment.
What would you need to do to transform your location into a lovemark? Think about it and you will have taken the first step on the path to creating loyalty beyond reason among your citizens and business leaders that will lead to increased capital retention and expansion in your location.
If you prefer, here is a video link of Kevin talking about the concept of lovemarks.
Would you judge your community’s brand to be a lovemark? What cities, states or nations would you say have achieved lovemark status? What do you think holds communities back from becoming lovemarks? Share your thoughts by leaving a comment.
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