What You Need to Create a Brand

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Brand development is a complex process, subordinated to a range of economic, social, cultural and political factors. Today, managers of large enterprises do not risk doing it themselves, transferring the task of creating a brand image with the help of professionals. It requires considerable expenses, not all junior businessmen can afford hiring branding specialists. Therefore, any competent manager must understand at least in general terms, how the brand is going, and how to avoid the biggest mistakes in the very beginning of the path.

What is a brand?

This is a very important issue because there is no such legal concept as a “brand” – it is rather a set of characteristics in the minds of the consumer. In the legal field, there is a notion of “a trademark”. This is the company’s name and logo that combine numbers, letters, decorative elements, color combinations, and the location of all these components in a particular composition. It may include the names of individual products, and the design of the label, and the packaging form, and the corporate slogan.

A brand is not only a trademark but also all components of the image of the company, its reputation, and the attitude of buyers. The brand includes both what you can “touch with hands”, and something invisible, that is expressed in the many-sided word “image”.

How to design a brand: the stages of a brand development

1. Research and analysis

The development of a new brand begins with the study of customer needs and market demands. It seems to everyone that it is enough to offer goods of the highest quality, which is enough – but in the modern world there is a huge number of manufacturers, and lots of them sell awesome goods. Why some of them are popular, and others are not?

To understand it, you need to know what the future target audience needs. Business people prefer convenience and simplicity – they have a little time. So, they need a “smart” technique, which will do everything for them, a box of useful food “all in one”, comfortable clothes, and other goods to simplify people’s life. Older people will prefer conservative products over which you do not need to break your head, and the children like something bright and unusual, not the same as adults like. And so, the company has to offer a buyer what he wants, even if he does not know it himself.

2. Determine the target audience

Each product group has its own audience. To keep it, you need to understand what exactly this product is loved for, what qualities need to be strengthened, and which experiments are put aside. It will help business to become a brand.

The target audience is determined by gender, age, social status, financial position, and location of potential clients. If you understand who will need it here and now, who wants to buy this particular product at that price, it will be easier to plan an advertising campaign and promote the product on the market.

Real buyers may not always be relevant to the target audience that the brand claimed. Not only children are happy to eat Kinder; Johnson’s baby has become a favorite brand of many women and people with a sensitive skin – they are willing to buy delicate baby lotions and shampoos for themselves. Some companies are using it – the same Johnson’s baby carefully heats the interest of an adult consumer.

3. Creating an idea and mission

When buying things, appliances and products, people prefer to receive certain emotions. That’s good when the emotional component is already included in the image of the brand: there is a legend, a set of sensations that are created with little noticeable details – odors, music, flowers, lines. The consumer needs not only a product but a hero, identified with him.

What kind of yogurt will a buyer choose – the ordinary one, or the one on which the stars fall? What kind of powder will be washed – nobody’s known or those used by the most sophisticated housewives? What kind of tea will you drink – just a tea or a taste of the New Year? The answer is obvious.

The main idea of each brand is its allocation among its competitors. In this case, developers should answer the question: “How is this product different from others?” Many business owners make a mistake in trying to paint all the numerous merits of their product. As practice shows, the emphasis should be on the most important – all other positive features consumers will understand on their own.

4. Naming

The name of the company and the product is a real art. There are separate naming firms that earn good money in designing names. One recognizable name can cost thousands of dollars. Searching only for one word, up to 100,000 variants can be selected and several thousand new words can be invented.

The name should reflect the essence of the brand, its message to a consumer. And you need to put it in one or two words. For example, the name of Google comes from the number of Huhol – it’s ten to the same degree. If it is written on paper, then a unit with a hundred zeros will turn out. This huge number reflects the essence of the seeker – he really can find a giant number of responses to your request.

5. Advertising campaign

So, everything is ready, and it’s time to bring your brand to the world. Run videos on television, prepare affiliate content for sites, print leaflets for distribution, promote groups in popular social networks, develop a brand book, announce an engaging promotion, or organize a business reception. Advertising has lots of means.

The main thing is not to overdo it. A bad example of an excessive advertising campaign is some films – noisy advertising for the whole world, but the audience somehow leaves the room disappointed. In connection with it, we can recall the latest failings of the movies – “Land of the Future” and “Transformers: The Age of Destruction”. The creators of these movies suffered tremendous losses, and a huge advertising campaign did not save them.

The product is released, the advertising campaign has started, the development of the brand of the company seems to be completed. A brand is a living, developing organism, it needs to be educated and directed, corrected and maintained. And then it can fulfill its main goal – to strengthen the company’s position and protect the product. After all, the love and attention of customers would be the main guarantee of any business’ existence.

The post What You Need to Create a Brand appeared first on Home Business Magazine.

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