Branding and Brand Identity Flashcards
(31 cards)
A dynamic entity which has its personality, culture, vision, emotion and intelligence.
Brand
A recognizable symbol, pattern, sound, or collection of letters is known as
Brand mark
Types pf brands
- Product Brands
- Personal brands
- Corporate brands
- Service brands
This kind of branding, usually referred to as MERCHANDISE BRANDING, focuses on marketing a single item.
1 Product Brands
Social Media and other platforms are used by people to create their own PERSONALITIES and strengthen their brands
2 Personal brands
A strategy used by business to sell themselves and obtain an advantage over rivals
3 Corporate brand
This type of branding is applicable to SERVICES, which frequently calls for some inventiveness because services can not be physically displayed
Service brand
Is often developed by awareness-raising initiatives that appeal to the target customer.
The worth of having a recognizable and valuable brand
Brand Equity
Make a distinctive brand that clients will remember and be familiar with.
Is critical to check that customer perceptions of the brand mature desired perception of the brand
1 Create the brand equity
This entails giving a brand significance to a general message or narrative. It includes aspects such as performance and imagery as the two pillars that make up this step of the creating brand meaning.
2 Establish a brand meaning
This involves consumers judgments and feelings about your brand.
3.Determine a brand response
This requires establishing a close relationship with the client
- Build brand resonance.
The use of branding aids a company in raising public awareness of its good and services.
- Branding creates awareness
Branding helps companies in making significant profits
- Increases business revenue
the messages, visuals, and messages created is part of the branding of the business.
- Branding builds competitive advantage
Customers choose the product or service that provides them with the best value for their money.
- Brands build value for products and services.
Effective branding reinforces the consumers decision to buy a product in their mind, which helps to build customer loyalty.
- Branding creates customer loyalty
Develops when the volume of a product or service in a market is has been maximized.
- Oversaturation of the brand
The business usually spends a significant amount of money developing its brand
- Branding is expensive
An unfavorable incident involving a good or service will be associated with the brand.
- Negativity connected to the brand
Building a strong brand identity can occasionally backfire when a business needs to change course in response to shifting market circumstances
- Branding can sometimes be flexible
Another significant drawback of branding is the time consuming nature of the process.
5.Branding activities take so much time and effort
The added benefit a business received from a product with a well known name as opposed to a generic substitute.
Brand equity
The creation of the concept itself, this means that marketers would learn about the intricacies of the product or service itself.
Brand development