Brand building strategies
According to the American Marketing Association (AMA), A
Brand is "name, term, sign, symbol, or design or combination of them, intended to identify a
goods and services of one seller or group of sellers and to differentiate them
from those of competition."
What can be Branded
Physical Goods: best known and highly regarded consumer
products, like Coca-Cola, Mercedes-Benz, Nescafe, Sony etc.
Service: British Airways, SOTC travel, Fdex, etc. are strong
brands existed for yers, the pervasiveness of service branding.
Retailers and Distributors: Sales India (for electrical, in
Baroda, Gujarat (Inida)), Mobilewala (for mobile phone, Baroda Gujarat),
Barafwala (Distributor of feeding shop, Bahruch Gujarat(India) ) are some
example of retailers and Distributors who are brand in local market.
People: actors, politician, religion masters
Sport art and entertainment: Cricket, football, Star
Wars,
Geographic Location: Gir national park, Gir Gujarat, Safari
SA,
Steps to Build Brand
First: Define your brand:
At this stage have to give answer of question "Who are
you?", awareness of brand. For example, how often and how easily the brand
is evoked under various situations and circumstances. you need to know what
your brand stands for and you want to contributing to environmental, social,
and economic wellbeing of consumers.
Second: Differentiate and Position your Brand
At this stage have to give answer of question "What are
you?". need to give performance in primary characteristic and secondary
futures, product reliability, suability, serviceability, efficiency, style and
design, price. Create image for user profiles, purchase and usage, situations,
personality and values, history, heritage and experiences. Once a come up with
unique value proposition, you should use a good branding strategy to position
your brand in a way that will help consumers see and appreciate the gather
value of brand over competing once in the market.
Third: Response of Brand
At this stage have to give answer of question "what
about you?" Analysis brand respond by brand judgments and brand feelings.
Brand judgments are customers' personal opinions about and
evaluations of the brand, which consumer form by putting together all the
different brand performance and imagery associations. Brand judgment may be
basis on quality, credibility, consideration, and superiority.
Brand feelings are customers' emotional responses and
reactions to the brand. it's also relate
to the social currency evoked by brand. Feeling basis on warmth, fun,
excitement, security, social approval, self-respect.
Fourth: Relationship
(personalize)
If want to brand build to be successful, then have to
personalize it. At this stage have to give answer the question of "what
about you and me?". In brand building, invite customers to be co-creators
of brand values so that they can feel that they also own it and relate with it.
At this stage you have to give consumers reason to participate and engage with
your brand for a lifetime.
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