Branding

Cards (7)

  • Branding
    A name, terms, design, symbol or any other feature that identifies one seller's good or service as distinct from that of other sellers (American Marketing Association)
  • What branding does to a product or service
    • Provides a meaning to a specific organization, company, product or services by creating and shaping a brand in the consumers' mind
    • Helps the consumer to quickly identify and experience their brand and give them a reason to choose their product
    • Helps to attract and retain loyal customers by delivering the product that is always aligned with what the brand promises
  • How branding achieves a company's goal
    • Brand essence and core identity
    • Brand positioning
    • Brand promise
    • Brand identity
  • How branding is done
    • Web design and online presence
    • Advertising and communication campaigns
    • Product and packaging design
    • In-store experience
    • Sponsorship and partnership
    • Customer service
    • Workspace experience and management style
  • Characteristics of successful brand names

    • Distinctiveness - Immediately identifies the services provided and differentiates it from competition
    • Relevance - Communicates the nature of the service and the service benefit
    • Memorability - Easily understood and remembered
    • Flexibility - Not only expresses the organization's current business but is also broad enough to cover foreseeable new ventures
  • Principles of branding

    • Keep it simple - One big idea is best. People are overwhelmed with sales pitches. There is a time and place for details.
    • Mass produced word of mouth builds brands - Difficult to build a brand with advertising alone. You need to help the writer. You must have great visuals.
    • Focused brands are more powerful - Focused, sharp, and to-the-point branding.
    • Differentiation is key - Attach your brand to what makes you different. If you are not different, make something up.
    • First brand advantage - Not simply the first on the market, but the first on people's minds.
    • Avoid sub-brands at all cost - "The easiest way to destroy a brand is to put its name on everything" – Al and Laura Ries.
    • Perception vs Quality - Quality is important, but not as critical as the perception of quality. If it's well-branded, it must be more valuable. If it costs more, it must be of higher quality.
    • Be consistent & patient - Know who you are and write it down. Consistency and focus are the keys to long-term success. Don't get bored. Have a brand police.
    • Write down your brand definition - Have a visual style guide. Use your written brand definition as a litmus test for all of your marketing projects.
  • The faintest pen is better than the sharpest memory