A brand is a name, term, design, symbol or other feature that
distinguishes an organization or products from its rivals in the eyes of the
customer. Brands are used in business, marketing and advertising.
In short, branding is the way in which your customer perceives
you when they hear or think of your company name, service or product. This
includes everything they think they know about your brand.
In today’s world, branding is more important than ever. But a
good brand won’t manifest overnight. It’s a result of a meticulous planning,
development and growth, which is why many startups and small businesses neglect
it without realizing the impact it has. Good branding not only increases the
value of a company but it provides employees with direction and motivation, and
makes acquiring new customer easier.
Essential things for branding:
·
Marketing Analysis:
Marketing Analysis strives to determine the attractiveness of
a market, currently and in the future. Organizations evaluate future
attractiveness of a market by understanding evolving opportunities and threats
as they relate to that organization’s own strengths and weaknesses.
·
Competitive Advantage
Competitive advantage is the language that a business has
over its competitors. This can be gained by offering clients better and greater
value. Advertising products or services with lower prices or higher quality interest
consumers.
·
Brand Name:
A brand is a name, term, design, symbol or other feature that
distinguishes an organization or product from its rivals in the eyes of the
customer. Choose a name that delivers your brand message, audiences and story. The
most successful businesses have easily recognizable names that customers can
connect with.
·
Online Presence:
Establish your voice online and deliver consistent
communication. When done right, online presence can help you establish a
credible brand image, spread awareness about the product/services you are
selling.
The main benefit of branding is that customers are much more
likely to remember your business. A strong brand name and logo/image helps to
keep your company image in the mind of your potential customers. If a customer
is happy with your products or services, a brand helps to build customer
loyalty across your business.
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