Build a better brand
Having a better brand is more important than having a better product (read: network). In fact, your brand is not your product, company, or even what you spend millions of dollars to promote. Your brand is your customers' prevailing perception of you. Don't believe me? Ask Apple, Coke, Disney, Nike, McDonalds, Sony, Microsoft, or any of the other household names you see slathered on your children's food, drink, clothes, phones, devices, games, and movies. Notably, none of these names are particularly synonymous with "quality" or "reliability." If they were, your kids would be wearing Rolexes instead of downloading $.99 digital clock apps for their iPhones. The bad news is, (regardless of what your marketing team is telling you) you cannot control your brand. But, you can understand customers. If you understand them well enough, you have a good, fighting chance of influencing your brand. Better yet, you have a good shot at being cool.
So what is cool? Cool is what cool people do. It's what they wear, what say, and what they are. Steve Jobs is Cool. Obama is cool. They have swagger. They are creative and deeply in touch with their audience.Their followers feel connected; a part of something special. Ordinary is not special. Normal is not cool. Cool is a not feature, data point, measurement, or statistic. Cool isn't followed by a "G." Cool cannot be measured, it's felt. It's understood. It's a lifestyle. It's a demand that drives people to be associated with your company and wear your logo proudly – at almost any cost.
So, how well do you know your customers? How is your brand impacting their lifestyle? Do they feel like they are a part of distinguished group? Do they feel privileged? Are you helping them be cool? In the 80's, people were literally killing each other for a pair of Nike's Air Jordan shoes. As tragic as that was, how many of your customers kill for your product? Chances are they would more likely kill for a new competitor to enter your market than wear your logo.
Now the question is: can you do it? Can Comcast's Xfinity become a culture? Can AT&T make its millions of customers feel like they belong to something special? Can anyone unify and empower their customers' lifestyle?
Five things service providers can do to influence their brand:
We've already established that reliability and quality are not competitive differentiators. But, they are table stakes. If you unable to reach this basic threshold your customers' perception of you will be incredibly and increasingly negative. If this is all you can achieve, you're doomed to become a commodity provider. Not cool.