The O'Reilly Factor: From Nickname to Brandname
Recently, I had dinner with an old friend of mine, Bill O'Reilly, the star of the ever so popular, Fox News Channel O'Reilly Report, I mean the O'Reilly "Factor."
Years ago I would casually refer to Bill as "The O'Reilly Factor," a term describing Bill's unique demeanor and belief in seeking the how and why of every news story.
It didn't surprise me when he and the Fox News Network decided to use my moniker for his show "The O'Reilly Factor."
It was and is simply a great choice because the name is unique and describes Bill as a no nonsense, no spin personality who wants to get to the truth.
Bill knows something about marketing which is exactly what one wants to do when naming a product or service.
First you want the name to be different -- unique; there were and still are no other news shows with this name;
Second you want the name to describe what the product or service is or does for the customer; (do I even have to go into this one?)
And finally, it must have good recall -- it must be bold, remembered by clients, customers, viewers even Presidents.
Bill always had good business sense and his decision to adopt a name change illustrates this point.
Let's admit this. The President of the United States would never have referred to him as 'Factor,' a distinction that few journalists or television news executives can boast, if Bill had simply reported and let other decide.
If there is anything we can learn from Bill O'Reilly, it is the importance of selecting the right brand name for your product or service.
It's simple -- Bill O'Reilly understands marketing and has another career ahead of him whenever he wants to change his vocation.
Oh yes, he also knows that branding must always have marketing in mind!