Think of the most successful companies in the world, what do so many of them have in common? Great branding.
Branded packaging can say a lot about your company; from the words on the product, to the colour scheme and font, all the way down to the materials used to make it. For this reason, it is important to make sure that the message you’re sending out is the right one.
Over the last few decades, companies have had to show more environmental and cultural responsibility when it comes to their branding and packaging, and with the internet providing a swift and brutal response when companies get it wrong, it is now more important than ever for companies to stay up to date and aware.
Let’s look at some of the biggest brands in the world – including the ones that didn’t always get it right.
The holy grail in branding is to be instantly recognizable, and one key way to achieve this is through a statement colour. A prime example of this is Tiffany – where the Pantone shade itself instantly becomes associated with the label. This is particularly true with Tiffany’s, to the point at which the robin egg blue shade is now more commonly known as Tiffany Blue. The trademark for this shade is also exclusively owned by Tiffany’s and is not publicly available, therefore protecting the brand’s identity and image.
To achieve this level of recognition is no easy feat and many brands such as the mobile network Orange and EasyJet have tried and failed to trademark a colour.
Some companies use their packaging as a vehicle into the mainstream world through fashion, and turning the package into an accessory instead of just another bag in the drawer, or box at the bottom of the wardrobe. The most striking example of this is Bloomingdale’s shopping bags, which first appeared in 1973. The bags have since become such a popular commodity that the store now stocks long lasting PVC replicas in an ever-expanding range that now includes the ‘little pink bag’, ‘little brown cosmetic’, and ‘little brown case’.
Sometimes, however, companies miss the mark with the branding, leading to the alienation of consumers and, especially in recent years, becoming the target of online ridicule or resentment. In 2017, Dove promoted it’s ‘Real Beauty’ message by creating a series of contoured bottles said to represent the fact ‘just like women…our iconic bottle can come in all shapes and sizes, too’.
However, this was met with backlash for missing the point of the very message it was trying to send. Many found the bottles to be patronizing, whilst others found them insulting or just plain ridiculous, and the vast majority of the online community responded with a resounding ‘why?’. Whilst these bottles were never made available to purchase, the damage was already done. From a brand with an image built on body positivity and awareness, many took the figures to be more mocking than moving, and Dove was accused of betraying their own previous messages of ‘it doesn’t matter what you look like’.
Other brands that have become subject to online scrutiny litter the internet’s ‘biggest fails’ lists, many of which are focused around a brandslack of cultural sensitivity, awareness, or just sending the wrong message. Examples of this include Sony’s white PSP ad, Budweiser’s ‘removing no from your vocabulary’ slogan, and Dr Pepper’s 2011 ‘Not For Women’ campaign. From Bic and Pritt’s stationary ‘for her’ to Kleenex’s ‘Mansize’ tissues, the importance of cultural awareness in branding is becoming increasingly important. A great example of brands taking note of this can be seen with Yorkie.
The Yorkie bar was introduced in 1976 as a chocolate bar for men, this was shown with a series of lorries on its design, and advertising featuring lorry drivers. In 2001, Yorkie went a
step further and introduced the now-famous slogan ‘It’s not for girls’, followed by a special edition bar wrapped in pink, ‘for girls’, in 2006. 5 years later, the slogan was eventually dropped. This could be said to have been due to the mounting focus on women’s rights, however whilst Yorkie have dropped the slogan, it is still a brand which is aimed at men, with more recent adverts including the line ‘man fuel for man stuff’.
Whilst many brands may be accused of ‘ugly’ packaging, much of this is subjective. However, there is one industry that is forced to make its packaging off-putting to deter consumers from buying. This industry is tobacco.
In the past, cigarettes have received their fair share of promotion; from cigarette cards, to celebrity and physician endorsements, and the Marlborough Man, tobacco spent 400 years in the hands and mouths of the public. However, in 1962, the Royal College of Physicians had enough evidence to prove a link between smoking and lung cancer, and pushed for a ban. The first came in 1965 with the ban of television advertising, and smoking adverts were finally banned completely in 2005.
In 1991 the EU introduced health warnings on packets, and in 2003 added that cigarettes could no longer be branded with the terms ‘mild’ or ‘light’, also adding an increase in the size of warnings. However, it wasn’t until 2008 when the packaging became truly ‘ugly’. To add to the written warnings, graphic images of the effects of smoking were printed onto packets. These included pictures of black lungs, rotting teeth, and suffering children as visual representations of the effects of smoking.
In 2012, cigarette packaging was hidden behind closed doors with a requirement that they be concealed from the public to discourage purchases, and in 2016 the UK followed Australia’s lead and prohibited company branding on packaging and introducing standardized packaging.
This therefore leaves cigarette packaging with no branding characteristics, visceral images, and large warning text, a true example of ugly packaging.
Inspiration for this post by UK Packaging. If you’re not already a member of SMEI join us here today and get the tools and information you need to advance your marketing career today.
Photo by Patrik Michalicka on Unsplash
Previous blockchain blogpost
Today, many of the blockchain assets are tokens that are distributed as initial coin offerings. It constitutes the Internet’s second business model. Associated jobs have soared as its value has risen. Candidates who understand initial coin offerings, know how to write smart contracts, and have a good understanding of Ethereum would have an extra competitive edge. Interested applicants should read up the online literature on how blockchain works and be aware of the basics before applying in the field.
In my last blockchain blog series, I promised that I would wrap this segment by posting the white paper written and published by an anonymous hacker who goes by the pseudonym of Satoshi Nakamoto, the creator of Bitcoin. Since the publication is in PDF format and because it is too long for a single blog post, I have attached the link for anyone who might be interested to know more about the crypto science behind digital money.
Bitcoin: A Peer-to-Peer Electronic Cash System
Here is an abstract of the white paper:
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they’ll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.
Previous blockchain blogpost
Charlie Shrem the first Bitcoin felon went to federal prison in 2015 for 2 years. Upon his release he went about strengthening the ecosystem of blockchain. A real breakthrough came when he created a prepaid Dash debit card. He then joined Intellisys Capital and decided to raise funds in the form of initial coin offering but got cold feet, as he feared the intense scrutiny from the authorities and eventually backed off.
The Bitcoin community in the early days believed that the free flow of capital is a human right. The members were together in its sense of mission, which they considered was righteous. Because the digital currency circumvented central banks, many of its first adopters were libertarians, black marketers and anarchists who wanted to conduct business away from the watchful eye of the government. They were gleeful at Bitcoin’s impending triumph and enraged by any show of malice or incompetence by the big banks and the government.
Leads to collapse
A case in point is Charlie Shrem, the founder of Bitinstant, who was the first Bitcoin felon. He squandered the opportunity to make the company a world-beating one by helping drug dealers source funds. Upon his arrest, Tyler and Cameron Winklevoss, the venture capitalists, disavowed Shrem and would go on to scoop up 1% of all the Bitcoins. Depending on each person’s point of view, this fact makes Shrem either a martyr or a criminal who got what he deserved.
Job at Jaxx
After the release from prison, Charlie Shrem was ready to seize any suitable opportunity that came along to get in on the door. That lot fell to a full-time job as the head of business development at Jaxx mainly because the values of the company appealed to him. Shrem is no longer operating for himself but has landed a job at this startup that allows holding separate balances of different digital coins in virtual wallets. It also lets users exchange virtual currencies and digital money with one another all over the world. Anthony Dilorio, an entrepreneur who was also the co-founder of Ethereum, founded Jaxx too. The company wants to expand to China and Shrem will play a crucial role in that process. He is in charge of working with developers and turning relationships into revenue.
Right the wrong
Today, Charlie Shrem is a free man whose world has changed dramatically for the better and is using his skills to strengthen the community. He thinks that if he can build Jaxx, he will be an industry player again like old times. Having helped Bitcoin grow to a giant, he is confident he can tell which ones do not have real promise and which ones have. He expects to see technology where Bitcoin, Dash, Ethereum and other networks communicate. For instance, the balance in a Bitcoin wallet could trigger an Ethereum contact and vice versa.
Blockchain digital tokens
Today, many of the blockchain assets are not digital currencies like Dash or Bitcoin. They are tokens. They are different from digital money because they lack a blockchain. Instead, they run on existing blockchains and are built for specific applications, like a marketplace for computation, a blockchain-based advertising platform, or a crowd-sourced prediction market. These days $6.6 billion worth of digital tokens change hands every day, and the numbers are growing.
Initial coin offerings
The creation of digital currencies is through mining, but the production of tokens is through distribution in crowd sales called initial coin offerings. These crowd sales raise funds and give potential investors their first opportunity to grab a piece of the service. A token is a wealth-sharing mechanism where everyone, from hedge funders to consumers, places bets on or take positions in the future of the Internet. Several initial coin offerings have been launched already raising $230 million in 2016, followed by $450 million in 2017.
Digital token business
The tokenization craze constitutes Internet’s second business model, says Carlson-Wee a hedge funder who is backed by Andreessen Horowitz. Take the case of Facebook as a company issuing initial coin offerings as an example. If Facebook had published a token, with its value from the content and connections, then early users would have scooped up a significant amount of those tokens at low prices. Late adopters might have found themselves able to afford just a few. But all who were holders of this digital asset would have been able to participate in the growing success of Facebook. But, of course, this is not the case, and that is not how it works neither is it as easy as that. Only Mark Zuckerberg and company stockholders share the value of Facebook. Most other platforms operate on the same principle where their owners extract value from interactions between users.
Career in blockchain
Careers in Blockchain
It is the cryptocurrency gold rush era, and associated jobs have soared as its value continues to rise. According to the job site Freelancer, cryptocurrencies have been one of the rapidly growing online jobs. The practice of code-breaking known as cryptography, which is central to cryptocurrency, has also seen an increase in interest on the site. According to Zippia.com, a career website, most cryptocurrency jobs are for developers with tech skills including building full stack applications. Companies are searching en masse for qualified developers, promising substantially high salaries.
Skills worth sharpening
Job candidates who understand initial coin offerings would have an extra competitive edge. It is a method borrowed from the financial sector whereby capital is raised by putting up a new virtual coin for public sales. Knowing how to write smart contracts and a good understanding of Ethereum is another skill worth sharpening.
Awareness of basics
A variety of literature on what Bitcoin is and how it works is readily available online. Interested applicant should read it up to be aware of the basics before applying in the field. But every blockchain-related job does not require a comprehensive grasp of the technology. Most of these companies also hire people in marketing, communications and human resources, just like any other business.
No unified source
Although cryptocurrency jobs are booming, there are no centralized locations to find them. A simple search on Google for initial coin offerings and token sales will bring up some startups in the blockchain space. Looking beyond traditional job-listing sites would help too and is highly recommended. Looking at specific Bitcoin forums can help find job listings in the industry and keep up with what is happening. Being involved in the cryptocurrency community creates more authentic and reliable means of detecting positions and networking.
Coming up next:
The publication of the white paper written by an anonymous hacker who goes by the pseudonym of Satoshi Nakamoto, the creator of Bitcoin.