Brand Trust An Oxymoron?
Are the concepts of brand and trust contradictory? Charles Green of Trusted Advisor Associates ponders this and related questions:
What’s the difference between trust and branding? Or are they the same? Is Brand Trust an intuitively meaningful term? Or an oxymoron?
While the folks at Brandtrust may recoil from a characterization of the phrase brand trust as an oxymoron, these are valid questions, particularly as we see a direct link between great branding and truth telling.
Green suggests that branding be considered “in terms of [his] Trust Equation: a mix of credibility, reliability, intimacy, and low self-orientation.”
So, the real question becomes: do we or do we not trust the people behind the brand? Do we believe in the integrity of the organization putting out the product or service? Do those people in that company really believe what they say? Do they mean for their product to serve us? Or could they just as well be in currency trading or reinsurance as well as whatever they’re doing, because they’re just in it for the money?
That makes sense to me. In the traditional, personal sense of trust, I trust a brand because of what I believe about the people branding it…
Then Green offers this, the money quote:
Branding may be the social version of the individual connection we call trust. It’s accessibly meaningful in narrow senses like reliability. And, it can have that personal meaning when it comes to the authenticity and trustworthiness of those behind the curtain—the ones charged with delivering the brand.
We could not agree more.
Rather than an oxymoron, branding at its best is all about developing trust.
The outcome of effective branding confers upon a product or place a very human ability to rely upon — to trust — a haloed reputation in selecting among competing choices.
Green’s idea that branding is the social version of personal connection commonly referred to as trust is extendable.
One example. Recently we were asked to explain the differences between the branding of a product, and of branding a place, in this instance a city.
Our answer — there is no difference as both engage in efforts to attract and influence people — may have surprised our questioner, as authorities and consultants with assumed expertise often claim a difference, on occasion confusing advertising with branding.
However, places are like companies — those with effective branding find it easier to sell their products, services and experiences, and easier to attract people and investment.
As with a product, a place can offer personal meaning when it comes to the authenticity of those behind the curtain—those charged with delivering on the experience of a place.
As Green suggests, it’s all about trust.
[More posts about Brand Reputation | More posts about Brand Trust | More posts about Branding Definition | More posts about Brand Strategy | More posts about Branding vs Advertising | More blogs about Brand Reputation]

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