Crazy mad for re-brands, but what’s really going on?
I assert that we’re in a rebranding bubble. Here’s some proof. And we all know that bubbles eventually burst.
To add another metaphor to the mix, for the past 3 years the re-branding wave has been gathering momentum and moving in. I say it’s about to crest. Almost all of my work right now is for clients re-branding their companies. Most are 10+ years old. No complaints from me, but I gotta wonder, what’s next? Isn’t there a more even-keeled, dare I say it, “sustainable” way to fund marcomm? Or is this just the way it is: pump a bunch of money in while the consumers are spending, hunker down when the economy tanks?
What if marcomm expenses are viewed like R&D? Durable companies steadily feed their R&D groups, regardless of market ups and downs. Why not do this with marcomm expenditures? Interestingly, this would require design, ad and PR firms to adjust how they price their services, which I believe is often out of whack. Would the value, and relative perception, of creative services go up if clients spend more responsibly, streaming projects and money consistently to creative firms?
I suppose I just long for this scenario because coming down from the peak is hell on my knees.
