September 20th, 2009

While it may be your brand you do not actually own it. Your public owns it. Your customers decide what your brand means to them. Once you put your company out there it is now in the hands of the public.
The fact that your audience has final say in whether your product thrives or dies doesn’t change the fact that you still have the last say in the decisions implemented. If a majority of people purchasing your product decide decide they don’t like something either you must change it, change their opinion or become a victim of change.
Changing your brand based on feedback alone is shortsighted. Although there is wisdom in the crowd you ultimately are the professional. Your years of experience coupled with thorough knowledge of the category definitely weights your opinion. Just remember, you don’t pay your bills; they do.
So what do you do?
• Survey your customers with key questions
• List all potential pros and cons at hand
• Compare with competitors and other businesses who may have had the same issue
• Create a mindmap of your business / product / situation landscape
• Map out the best possibility to completion
• Implement your plan in timely phases
• Gauge for feedback
• Adjust accordingly
Not all situations are created equal and neither are your customers. By being aware of your capabilities, your customer’s savviness and the clarity of mind to know the difference between the two, you should be positioned to dominate in any situation you encounter.
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