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Build A Brand. The success of the catalog
started with the hit picture, "Butch Cassidy and the Sundance Kid." That film
gave Robert Redford the money to purchase the land and lodge in Provo Canyon.
Most of us who start a business from scratch don't have brand recognition.
Harry certainly did not have brand awareness when he started his children's
products catalog. When he started the Sundance catalog, the lodge already
existed and soon the film festival also bore the name "Sundance." As a result,
the festival helps the catalog, the catalog helps the lodge, and the lodge
helps the festival. With 12 million catalogs being mailed per year, the catalog
is building brand awareness for all of Mr. Redford's enterprises.
Topic for Discussion: What is the
difference between a brand and a product?
Answer: A brand is a the banner under which
products are sold. Therefore, when done right, a product is a specific item
that in a way represents the brand. Think IBM. It is a very big brand. It has
been making products for decades and some of those products have been
marketplace hits and others haven't.
However, through the years, the brand of IBM
continues to stand for the same thing. It stands for the biggest technology
company, it stands for reliability, consistency and ethical business practices.
An IBMer could be fired for talking negatively about a competitive product. The
ThinkPad, as a product, is sold as light, easy, convenient and flexible. With
the IBM brand, the ThinkPad gets the rub-off of reliability. By promoting the
brand of IBM, the company then develops products that are sold under that
banner, but that serve a very specific need.
Topic for Discussion: What is the Sundance
brand known for?
Answer: To some people, Sundance is 6,000
acres of land with a luxurious yet rustic lodge. To others it is a film
festival. To several million on the catalog list, Sundance means lovely home
accessories, clothing and jewelry all designed by America artists with an eye
on quality and value. Robert Redford bought the land in Provo Canyon to protect
it, and then to provide a place for artists to develop their craft.
With these goals at the root of his company,
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