Can you guess the most powerful brand in the world today?
In a surprising result, the 2015 Brand Finance report has revealed that the most powerful global brand is Lego. Apple is number one in terms of brand value, but Lego has replaced Ferrari in the number one spot as the most powerful brand in the world. You might think Lego has it easy: what’s not to love about it? It has broad global and cross-generational appeal. Lego also appeals across gender. The hugely successful Lego movie, which was both a commercial and critical success, also massively boosted the brand’s popularity.
But there are three lessons we can all learn from Lego’s success.
Lego allows its customers to create. Of course they deal with toys, you mock! But no matter what you do, how can you help your customers live your brand experience and co-create with you? Can they submit their videos, as Red Bull fans do, or publish recipes that use your products? Creation builds communities of fans.
Lego taps into nostalgia. What is your favourite Lego memory? Our favourite brands tap into an emotion: what emotion does your brand tap into?
And finally, Lego is number one because of the reputation and goodwill it brings. Nothing beats reputation.
No matter what you do in business, whether you are a leader, a changemaker or an entrepreneur, these three principles can help you build your personal brand. Allow your customers and team members to co-create with you; tap into emotion to make people care about your messages, and finally, it all comes down to your reputation – in business and in life.
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