
Years ago, I was in Ho Chi Minh City in Vietnam. While exploring the area, two things stood out to me.
One was how many power lines ran from buildings to posts and just how insanely overloaded they were. This fact is irrelevant to this post but just had to be said.
The second thing was business. I began to notice streets had "themes" ... one street might be all motorbike repair shops, the next is all textiles, the next is a series of housewares. None of them seemed to be selling anything different from its neighbors, and it made me wonder why someone would choose one business over the other. Price? Thats a race to the bottom especially when you can pit neighbor against neighbor ("the guy next door said 2 dong, can you go lower?") Customer service/relationships? That is great but what makes someone choose your business the first time? Differentiation? Maybe, but if you are trying to deliver what the people need, you'll probably have to cover the basics.
The difference is how you put yourself out there, how you draw people in. Its branding. It is about standing for something.
Metaphorically speaking, I see many companies now that do the exact same thing as their "neighbors." They buy search terms to beat out the competition, but that is another way of competing on price. It's part of the package, but it isn't the package itself.
Businesses have to stand for something and make people want to come to them, otherwise it is an endless outflow of cash to just be even or slightly ahead of the people next door.
Branding is simple, yet hard. It takes a commitment. It takes thought. But without it, you are just another line going into the trunk, and another of 10 textile shops in a row.







