I was at a meeting yesterday with someone who used to work in marketing at neurosurgical practice in the NY area. She told how this band of brain surgeons decided they needed a new logo and spent $350,000 for it – using a smart boutique in NYC. For years, I’ve been saying that new logos and names cost about $250,000 from the big guys. The Landors. The Interbrands. The Brand Unions. I guess I’ll have to revise my data upward. The storyteller was flabbergasted that a new mark could cost so much.
Naming and design are big business. Especially for companies with deep pockets. A large health system in the midst of a name change recently explained the new name this way “It’s a beacon of our future. It’s unique, simple and approachable and better defines who we are and where we are going.”
New logo design and naming need to have a marketing objective. A measurable objective. If you are going to change your name or your mark, start with a brand brief. Something that gives direction to designers and creative people. Something that gives approvers a reason to approve. Strategy starts with words on paper. I’ll trade you two simples and one approachable for a brand strategy with a measureable objective.