Whatever people may believe, companies sell their experiences, feelings and ideologies and not products. Coca-Cola is one such business that knows what they want their customers to have when they buy their products. The ability to be able to control the experience of purchasing showcases the power of branding at work.
Defining the word “Branding”
The art of narrating a company’s story and being its identity is defined as Branding. It makes it stand out from the crowd that sells similar products or services. The idea is to attract the target audience and become their option of doing business. It is one of the most ideal ways of communicating with their target audience. It is a process of looking, developing and setting features for your organization, so consumers can link your brand with your products or services.
For instance, one of the most recognisable brands in the world is Coca- Cola, with its classic red and white lettering, and colorful artwork that is known to capture the buyer’s attention. It has stood the test of time and is a brand consumers have loved and continue to do so.
Branding Vs. Marketing
Branding and marketing are quite distinct even though it is easy to put them into one discipline. It is quite often to compare branding and marketing in terms of priorities. To sustain a successful business, branding and marketing are both important and should work in sync for a business to grow. In simple words, branding is the face of the company and marketing is the communicator.
Branding and marketing do become more complex as a business grows. Several areas of a business will develop to support various goals. These are strategies that often support the business’s story and identity. It amplifies the products, customers and drives sales for a company.
Importance of Branding
A brand is the face of a company as it encourages customers to buy your products and gives your marketing and advertising strategies a boost.
- Influences purchasing decision
- Creates an identity for your business
- Helps customers remember your business
- Boosts advertising and marketing
- Makes your employees proud
How to Create a Brand
There is so much to consider when it comes to creating a strong brand for yourself. So, make notes as you discover how to create a brand for your business.
- Determine your target audience
- Establish your mission statement
- Define your values, features, and benefits
- Create your visual assets
Conclusion
The name, logo, color palette, voice and imagery is your brand. These are just a few, as there is a lot more to branding. Well , it is a powerhouse that can easily attract customers. Clever taglines, authentic manifesto, and a brand voice is what customers often focus on. So, go ahead and create a strong brand for your company.
