Studio Morfar genopslog dette
I burned through millions in revenue before learning a pretty expensive lesson in entrepreneurship: BRANDING isn't just marketing fluff; it's the differentiator between survival and success. Years ago, Yngvi Karlson and I built what looked like a successful e-commerce business. We had decent numbers and were totaling around $5M in revenue, selling hundreds of "hot" products (think Temu-style trendy items) with constant sales. The problem? Every single sale required a fresh hit of ad spend. No brand loyalty, no organic growth, no flywheel effect, just an endless cycle of buying customers who'd never come back. Without a brand, every sale was a new conquest. With a strong brand? Your customers become your salesforce. This lesson changed my thinking on branding for good. Now, in every new venture, I am the guy obsessing over brand identity, sometimes to the frustration of others (GIVE ME MORE BRAND BUDGET! Nicolai Rasmussen 🤑). But here's what most founders get wrong: They think branding is just logos and color schemes. Real branding is about creating something people want to be part of. Look at Patagonia they don't sell jackets: they sell environmental activism. Oatly didn’t just sell oat milk; they made dairy alternatives cool. Every dollar they invested in branding likely paid off a million-fold. Sometimes, it’s frustrating to convince co-founders, executives, or investors who haven’t learned this lesson to assign budget to this. In my opinion, this is because branding is one of those whimsical and almost ephemeral things where it’s super hard to get direct market feedback or measure financial returns. You have to take a leap of faith and trust it will pay off. When you nail your branding, three things happen: 1. Customers seek you out (goodbye, endless ad spend). 2. Investors fight to get in (they're buying a story, not just numbers). 3. Top talent comes knocking (the best people want to be part of something cool and meaningful). TL;DR: Invest more in your brand like, right now. Almost everyone underinvests in it. Special hat tip to Studio Morfar, who has done branding for many of our projects, such as Kin AI, Skjaldborn, TaxHelper, and Cocktail Company. Shoutout also to Troels Nørlem (Scaleup Finance, Nume, Atlas (coming soon!), and more Bifrost Studios projects to come!) Much love, Thorbjørn Rønje