BRAND (defined) • The art of aligning what you want pple to think about your company with what people actually do think about your company (Baer; 2006). • The essence of one’s own unique story (Biederman; 2000). • A reason to choose. • Image, perception. Brand strategy
• Developing a brand strategy can be
one of the most difficult steps in the marketing plan process. • But it is a vital step in creating the company identity. Questions considered when developing Branding Strategy……
• 1.How are we visible to the
community? • 2.What is our perceived value? • 3.What is our current reputation in the market? • 4.Are we a trusted brand in the market? • The brand strategy identifies three core components important in developing your market strategy and tactics. • 1. Purpose - your business must have a functional and intentional purpose. • 2. Consistency - without consistency a business will struggle to survive. • 3. Emotional impact - emotion connects you with your customers. Brand strategy helps you develop the emotion you are going after. • Your brand identity will be repeatedly communicated, in multiple ways with frequency and consistency throughout the life of your business. FOUR MARKETING COMPONENTS TO UNDERSTAND
• A. Primary Target Customer/Client
• B. Competition
• C. Product and Service Mix
• D. Unique Selling Proposition
• By identifying these components of the marketing plan you have created the basis for crafting your brand strategy. • An effective branding process will create a unique identity that differentiates you from the competition. • That is why its often deemed as the heart of a competitive strategy Branding Techniques
• Name Brand recognitionjnh
• Vision, Values and Mission statements • Be yourself (Esse quam videri) • Pricing •Official Letterheads •Colours •Advertisements •IDs Badges Logo •Clothing •Flyers/Brochures/Resource Guides/Cards •Social Media presence •E-Mail Signature (Click on Logo to go to website) •Written Plans & Policies • Roadshows • Promotions • Environment • Staff relations • Vehicle branding (type, actual ads) • Testimonials • Sponsorship for community events •A brand does not remain static, it must evolve!