Branding
Branding
Branding
Presented By:
oFor example, when we say boAt, it that fascinates each & every music
lovers when their product arises. This fascination in ourselves when we
hear a company’s name tells us about how good the company is.
Defination of a Brand:
o According to Philip Kotler- “A brand is defined as a
name, term, sign, symbol (or a combination of these) that identifies the maker
or seller of the product”.
oBut we know that brand means more than the identity of the manufacturer of a product. In this
social, connected, high-tech world, branding has come to mean so much more.
Brands in Practical Life:
(1) Brands are something that distinguishes the OG product from the duplicate one
(2) These added emotions and trust help create a relationship between brands and
consumers .
1.Introspective analysis
What do you do? Why do you do it?
What’s there? What’s missing?
A guided dive through the core of your company
determines the internal aspects of your business that define
your outward voice.
2.External analysis
Market research makes it clear where your brand fits in
relation to your consumers, competitors, and industry
landscape. Branding is all about finding your position. In a
world saturated with choices, differentiation is crucial.
3.Harmony between design and strategy
Strategy is invaluable – a solid plan is key to success. But
execution is just as important. Your brand is defined by the
gut feeling people get when they encounter it.
Intention isn’t enough – clearly communicating that intention
to elicit an emotional response is what matters.
Effective collaboration between strategic and creative thinkers
will take your brand to the next level.
Developing a visual language that is true to the brand strategy
and cohesive across all platforms is essential to brand success.
What is Data Collection In Branding
1) Branding data collection is simply the collection of data from all your Branding efforts
2) It is based on Primary and secondary data
3) Ultimately, however, it’s an attempt to unify all your data in a single place
What are the Types of Data?
1) Primary Data: Data which is collected first hand specially for the purpose of
study.primary data is original data collected by researchers first hand.
2) Secondary Data: Data that have been already collected by and readily available from
other sources.Such data are cheaper and more quickly obtainable than the primary
data.
What are the methods of collecting Data?
1) Qualitative Research:- It uses an inductive method, that is, data relevant to some topics are collected
and grouped into appropriate meaningful categories.
a) Direct Collection Method- When the data is collected directly, it makes use of a disguised method.
Purpose of data collection is not known.
b) Indirect Collection Method- For example Projective techniques.
2) Quantitative Research:- Quantitative Research quantifies the data and generalizes the results from
the sample to the population.
Strengths of branding
•Control on marketing:
A manufacturer can maintain effective control on the marketing of branded goods. This is possible as quality, price, etc., are
fixed by the manufacturer.
•Stability to sale:
Branded goods provide stable sale over a long period. Consumers always give support to branded goods.
A manufacturer of a popular brand article can bring supplementary or even a new product in the market easily, quickly and
with confidence.
Weakness of branding
•Cost:
If you wish to create and maintain a strong brand presence, it can involve a lot of design and marketing costs.
•Fixed Image:
Every brand has a certain image to potential customers, and part of that image is about what products or services you sell.
•Timescale:
The process of creating a brand will usually take a long period of time.
•Impersonal:
One of the main problems with many branded businesses is that they lose their personal image. The ability to deal on a
personal basis with customers is generally seen missing in big brand’s case.
Trends And Future of Branding
Three Keys to understand the Branding Trends
1. Flexibility:
As brands must respond, react and adapt to the culture, they are becoming more and more flexible. Their
visual identity and communication must respond to the feedback of their audience,
2. Community:
People themselves have built groups around their favorite brands, Now brands must develop interactions
with their audiences, and have a constant listening to their feedback as a way of having people at the heart
of every decision and direction.
3. Content:
People don't want to receive ads 24/7, 7 days a week. If brands want presence and recognition daily, they
must develop content that audiences want to consume.
Branding Trends
Consumers are now looking at brands to take strong stands on social issues and back them up
with stronger actions. Brands that are socially conscious and responsible are likely to gain the
trust of the consumer faster and consequently see a rise in their brand value.
With physical stores closing and consumers trying to avoid crowded stores, ecommerce saw
significant growth.
Branding Trends
● Focus on Sustainability
Since the pandemic, consumers have become more aware of the products they use and their
impact on individuals and the environment.
Brands that focus on supporting and nurturing communities in times of crisis will not only stand
out from their competitors but also gain customer loyalty and trust.
Branding Trends
● Focus on Content
Through their content, brands can take clear stands on social issues, and can inform consumers
about what protocols they are taking to keep the employees and the consumers safe during these
turbulent times.
● Innovation is Key
Museums and art galleries are now booking 360 virtual reality tours of their displays and shows.