What is the secret of top branded business? How to attract customers?

What is branding?

Branding in simple words is creating a unique memorable identity through behavior, habits and qualities. Creating a particular perception or an inbound attitude of the brand in the mind of your customer.

What do you mean by brand positioning?

  brand-position
Different aspects of brand positioning

Brand positioning means positioning your identity or brand in a different and unique way. So that people will always remember you for those specific reasons having some unique qualities, habits and nature of behavior that is bound to have only with you, your product or your service.

What are different types of brand positioning strategies?

Brand positioning is the process of positioning your brand in the mind of your customers.  Different strategies can be applied to represent your brand in a unique way, which is different than your competitors.

For example a unique Logo, creative approach of product, unique packaging technique and so on.

The strategy should never be based on price tags, similar looking design, logo or Art.

Introduction:

Today I was going through my mails, one of the mails caught my attention. This mail is from one of my students named Shashank.  Shashank is a 34 years old business man. He has a small startup business, which is run and handled by 5 members in partnership.

Shashank is married having one son of 7year old son. He lives in Mumbai city. His business constitute of providing service of cleaning of electronic home appliances.

 They take order of cleaning one or more home appliances as per the requirement of the client taking into consideration the availability of number of workers needed for the job.

He wrote that, previously there was no competition in his business. Now, since there was vast increase in working population the demand for their business too increased.

This resulted in many people starting the home cleaning, home appliances cleaning and electronic appliances cleaning business. Which obviously was hampering his business growth.

Thus, he asked me to give some tips that he found helpful for him to bring his business up. I am going to share the same things I shared with Shashank here for he found it very useful to grow his business.

Why is it necessary to do Brand positioning?

Brand positioning is necessary because we need a unique identity of our brand that outstand in the crowd of competition.

We need to understand that each individual has his/her own perception and view about a particular brand that comes from their cultural aspects, traditional approach, by word of mouth from people around, past experience of other product or service of that brand.

How important is Repositioning of the same Brand?

Repositioning of brand is as important as brand positioning.

 brand-reposition
Aspects to be considered for brand repositioning

This is because many companies try to copy, replicate the criteria used by one or other company for branding.

They just add that same criteria to upscale their own business too, thereby creating a large number of dummies. This doesn’t work for long so this hamper their growth.

When customer sees a large number of companies bidding for same aspect or feature in their product or service too.

They either search for a unique branding aspect by a business, if the product or service they are buying has an important value addition aspect in their lifestyle.

Otherwise they just pick any brand product or service if it is not bringing any value addition in their lifestyle no matter whichever product or service they use.

On the other hand, if the business entity decide to reposition their brand based on principle purpose of their business and follow this principle in every aspects of the business then they have higher chances of regaining the trust of their customers.

Hence Repositioning brand specifying the unique value, the business is providing through its product or service is very important to attract the customers back.

What are the Brand Positioning Strategies?

Applying unique strategy which is in alignment with the principle purpose of business that impart value to the lifestyle of customer is called brand positioning strategy.

For example:

Business Strategy
Nike “For serious athletes, Nike gives confidence that provides the perfect shoe for every sport”. This positioning statement from Nike is simple, direct, and tangible.
Apple For individuals who want the best personal computer or mobile device, Apple leads the technology industry with the most innovative products
Amazon Our vision is to be earth’s most customer-centric company; to build a place where people can come to find and discover anything they might want to buy online.
Toyota The Toyota brand thinks big. The brand is motivated by technological innovation and believe in doing better. Hence having continues new models. Provides for a broad market form low income corolla to the Luxurious Lexus
Thus, we see here the brand positioning statement is focused on the principle purpose of the business that is in alignment with the customer’s need but presented in form of the target customer’s perception.

Here is Toyota’s brand positioning in a nutshell:

These are the various aspects we need to take into consideration for a Good Brand positioning:

In this Graphical representation we come to know how customer perception plays an important part on their purchase intention far more than their need for quality of product:

What is the process of brand positioning?

In order to identify the unique qualities of your brand based on which we can amalgamate brand positioning statement. What differentiate you from your competitor?

There are 7 key steps for Brand positioning strategy process that is vital for the growth of any type of business.

brand-strategy
Different aspects to be considered for creating a unique brand positioning strategy Thanks to Infiniti for this unique image representation.

 

 

  1. Determine how your brand is currently positioning itself.
  2. Identify all your direct competitors.
  3. Understand how each competitor is positioning their brand.
  4. Compare your positioning to your competitors to identify the gaps which can become opportunity for your uniqueness.
  5. Develop a distinct value- adding positioning idea.
  6. Craft a value based unique brand positioning statement after checking the efficacy.
  7. Test the efficiency of your brand positioning statement by doing SWOT analysis of not only your brand statement but also of your competitor.

How to craft a brand positioning statement?

Here are 4 essential elements to take into consideration for crafting a a Good brand positioning statement:

Brand-crafting
Factors to be considered for Crafting Brand positioning
  1. Target customer: Take into consideration the results of demographic as well as attitude or perception of your target customer from a recent survey done.
  2. Market definition: Identify the aspects of your product that are having same or lower quality than your product as well as the aspects in which your product is better than your competitor. Now, ask how important are these positive aspects important to your target customer?
  3. Brand promise: Identify the compelling (emotional as well as rational) value your product has over the competitor.
  4. Reason to believe: Search for a compelling evidence that you can present to your target customer that is appealing to your customer.

After thoroughly going through these four steps you are prepared to craft your brand positioning statement.

What is the objective of Brand positioning?

The main objective of brand positioning is to integrate your brand position in your target customer’s mind. Though it looks very simple it is not so easy.

To get into the mind of your customer you need to follow the same principle or code of honor in each level of your business hierarchy in all the departments not only in production and sales but also in legal accounts and HR departments too. This doesn’t stop within the organization these principle need to be followed in marketing and branding, it also includes the approach towards the customer.

The principle based values if observed in each and every hierarchy of the business entity, by the target customer in his/her past experience of the product or service obtained of the same business entity or even heard by word of mouth from someone they trust. Then, this creates a perception in the mind of that customer about authenticity and reliability of the products of your organization.

Thus, the principle purpose, vision or mission of any business entity should always be in alignment with its code of conduct or behavior and marketing, in other words they need to, “walk their talk”.

Since, this principle is lacking in many business entities their growth too is hampered.

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What is Branding?

What are the types of Branding?

 

Different types of branding:

Branding can be done in various ways depending on the target customers, geographical area. Some of the types of branding are:

Global branding

Personal branding

Geographical branding

Cultural branding

Packaging branding

Product branding

Strategy branding

Design branding

Logo branding

Luxury branding and so on.

 

Why Branding is important? What is Product Branding?

 

Branding is important for it makes you, your product or service known to your customer in an unique appealing way.

Which are the important aspects to be kept in mind for Product Branding?

 

Branding, advertising, designing, creating logo, packaging….

what does a business require?

People their personality and authenticity of them as a person are these aspects useful in a business?

These and many such questions will be answered here.

Why people do branding?

business branding strategy
Branding

 

What is the need of advertising?

 

Why do firms spend in creating a logo?

 

Top notch Business entities can invest in advertising, preparing an attractive purpose driven logo and design for their products which will help in branding their products in unique way. So that their products are always remembered by their customers.

What about small business entities?

 

What is Branding?

 

Branding is like a thread in a necklace which binds together all the beads of marketing using a unique idea to build trust of customer by adding value to their life. This is done by using different strategies in different aspects of branding.

 

What is Product Branding?

product-branding-strategy
Branding strategy

 

 

 

 

 

 

 

 

 

 

If we decide to apply each and every rule to our product branding it will be difficult for the product to qualify for advertising, branding or sale. In other words, a single product can qualify some or most of the procedures but to qualify each and every rule will be difficult, hence product branding is tough.

Product branding is the process of marketing a product or service in a very unique way of having many different perspectives integrated in a single soul principle of purpose of business.

An effective brand strategy gives you a major edge in increasingly competitive markets. In simple words, your brand strategy can build authentic trust of customer in your products.

Let’s consider for example a business owner wants to launch his new product which is a washing machine. Since this business was newly launched, the business owner was afraid of getting a branding strategy for upscaling the sale of his product-washing machine.

In marketing we are given a list of rules, check lists or procedures to follow while advertising, branding and selling any product.

branding principle
Now how to do product branding?

 

 

 

 

 

 

 

 

 

You will say as per the procedure the product should qualify each and every rule in the procedure to be fit for coming in market for sale.

Now what? Is this what you are feeling?

Relax! Though all products have to pass certain marketing rules, there is a thumb rule – the Principle of marketing which is unique to any product and any type of marketing may it be branding, advertising or selling.

Out of which principle is the main and foremost of all.

Principle of any business is based on its Vision, Mission or Purpose to serve their customers. This purpose is to Add Value to their customer’s lifestyle or life depending on the product.

Business can use this principle of purpose in their own firm in a strategic way, to brand their each and every product.

How?

You will say how any business can use one single principle for branding all of its products?

It is possible!

The Purpose, Mission or Vision of a business is always one unique thing to add value.

Suppose, a business is selling sports attire studs, sports shoes, socks, running shoes, T-shirts, trousers and so on to their clients.

The purpose of the business is to add value of a comfort feeling to their customer’s lifestyle. This principle of adding value to their customers is integrated through adding value to each and every product in the business, adding value in production of each product, adding value by treating each and every employee with humanity regardless of their position, adding value by living life on principle.

Branding Principle

 

Principle:

Though the products are different, the principle of advertising, branding and selling is unique that is, “Be Limitless” – Constantly strive to give the Best with the Ease and Comfort feeling acquired by wearing their sport products.

Strategy:

brand strategy

 

 

 

 

 

 

 

 

 

 

 

We use this principle strategically to advertise and brand the different products using top celebrities of sport or champions as influencers to promote products.

Hence, you see that it is pretty simple by inculcating the Core Value of the business in the mind of clients we can gain trust of our customers.

Logo and color scheme:

brand design
Creativity

We can use a unique color scheme to standout their brand or logo of business and product branding in an array of different business.

 

Design:

We can develop a creative, unique or innovative design for our products that make them standout differently representing their business brand in their category of products. This is the second most important aspect of business.

Packaging and delivery:

The more attractive and appealing package will it be with a small note from CEO of the business will add value to the product and help in building personal trust of customer.

Consistency:

business principle

There should be a consistency in the color scheme used for product logo and product design. This help the customer to always remember it and relate it while buying any sport product in form of an image of the brand. Thereby gaining the trust and royalty of customer for the business.

Consistency also plays an important part in attracting customers. If business is consistent in providing value to customer throughout its journey then the customers are always loyal to buy from them.

Conclusion:

Now I am sure, you will definitely agree that if a business is ethically preparing products that add value not only to customer’s life or lifestyle but, also to the life of all employee. Then by branding on the principle of that value addition in a strategic way without investing much in preparing very fancy or attractive logo and unique color scheme design or advertising on media heavily. Any Business can grow and build mass trust in an authentic manner.

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