How Taylor Guitar Built Its Corporate Brand

How Taylor Guitar Built Its Corporate BrandHow Taylor Guitar Built Its Corporate BrandHow Taylor Guitar Built Its Corporate Brand Taylor, Co-founder and President, Taylor Guitars and author of Guitar Lessons A Lifes Jurney Turning Passion into Business.Question Who likes a guitar? Answer Everyone.When I made my first guitar as a kid I was pretty proud of it. I was one of those kids you might not have noticed, because I was spending my time in woodshop rather than at dances.I wasnt popular rather, I was a total dork. However, I emerged from that woodshop class with a guitar that Id made and a desire to go forward with that as a career. There was nobody to guide me in the process. I was alone in that quest, but I jumped in anyway, starting a small shop with my partner, putting my pfote to chisel, and soon began turning out a guitar every week or two.Question Who wants to buy a guitar from a company theyve never heard of? Answer Almost nobody.I would show people my guitars and theyd lik e them because everyone likes a guitar In fact, people were amazed when they saw my guitars. But for them to part with their money required a lot of confidence on their part. More often than not a person would admire ur work only to purchase something with a brand name instead.Building ur Company BrandA lot has changed since those days of start-up obscurity and lack of know-how. Today, Taylor Guitars is in the lead-selling position of acoustic guitars in the United States we produce hundreds of guitars each day. Our company brandis well known beyond the borders of the guitar playing public, enjoying fans of all types. In fact, people know our company for many things our business practices, environmental work, employee relations, local presence, celebrity players, as well as our guitars.How does one go from start up to industry leader? In my experience is takes work on all levels. I like to think of it as a three-legged stool, which needs all three legs to be strong. Those legs could be thought of as Production, Sales, and Finance. But to strengthen each leg, you need to pay attention to mora.Under the Production leg Employee Relations,Quality Control, Training and RD.Under the Sales leg Marketing Planning, Company Branding, Public Relations and Customer Service.Under theFinance leg Fiscal Responsibility, Customer Credit, Vendor Relationships, Employee Benefits and Community Service.At the start, these numerous details were not on the radar, but certainly the basic three were. Without our focusing on all three areas of sales, production, or finance, we failed. It took dedication to achieve success in each of these areas as we sword-fought our way through the first several years of our company. We scored sales wherever we could, one guitar at a time, and made them one at a time, counting each penny as we went.But with each year we strived to add detail to each of these areas to distinguish our corporate brandfrom other makers of guitars and to slowly build our b rand.Our first order of attention has always been the guitars, which remains true even today. Without a great guitar, sales are nearly impossible to sustain. But without sales, great guitars are never owned by players, and without profit, the whole idea of being in business is meaningless.Differentiating Product and BrandAs Taylor Guitars matured with each year we began to indentify ways to differentiate our product and our brand from other players in our industry.Its important that you understand that your product and your brand play different roles. Your product is more narrowly focused its the hard thing you sell. Your brand is the soft part its what the company means to people. Its also what people buy in to, apart from the product, and it is equally valuable. In fact, many people would argue that your company brand is more valuable than the product. Even the Bible says in the book of Proverbs, A good name is more desirable than great riches.We started with the obvious, which fo r us was making guitars that played better and sounded different. I use the word different for sound, because sound quality is subjective. Soon, recording engineers and players began to use the word better when they described our guitars sound. We added electric pickups when it was unpopular to do on an acoustic guitar. Eventually the market came our direction, with nearly every guitar player demanding a guitar that played well and that could be amplified.Today, we are the leader in that market, and it has become the largest segment of the market.A few years after we learned to cover the basics, we began to build our company branding. We ran advertisements that were completely different than anyone else in the industry those ads spoke to the feeling that people derive from playing and loving guitars. Those people began to like our company as well as our guitars.We then extended that branding into our customers lives with our magazine, Wood Steel, and with dealer events, festivals a nd factory tours. Hospitality became our middle name. Soon the spouses of guitar players understood what their husband or wife loved about their Taylor guitar, because they felt included as well.From the food server at the restaurant who sees the name on our credit card, to the purchaser of a new guitar, from the wood-cutting families in India, to the printer of our magazine, from the customer to the retailer, to GE Capital who helps the retailer put more guitars in stock, we strive to serve and include everyone in our story and make it fun and rewarding for them. They love itWith everyone on your side, its easier to succeed.Author BioBob Taylor (El Cajon, CA) is the co-founder and President of the world-famous organization Taylor Guitarswhich is based in California and employs over 550 people and is author of the book, Guitar Lessons A Lifes Journey Turning Passion into Business(Wiley, 2011). He has pioneered or helped develop many of the newer technological innovations used in aco ustic guitar production today. From the moment he made his first guitar during his junior year of high school, Taylor knew that he wanted guitars to be his career the passion that he exhibits for his products has largely contributed to his companys sustained success.