Strenghtening The Brand
Strenghtening The Brand
Strenghtening The Brand
Because of this, your ability to build value into your brand and
communicate that value to customers through your marketing
is essential to the long term success of your company .
The benefits of building a good brand
Awareness
Credibility
Reputation
Customer satisfaction
In the same way beauty is in the eye of the beholder, all value
is perceived value. To give meaning to your brand:
Make it a status symbol. In Rory Sutherland’s TED talk , he tells
the story of a king who, to prevent famine, decreed the potato a royal
crop and put guards around the fields to make the previously
rejected vegetable desirable. The king changed the perception of the
crop's worth, not the crop itself. He advises that 'anything worth
guarding must be worth stealing.' You may not be able to decree your
products or brand a ‘royal crop,’ but you can strive to create the
same kind of perception of your product.
Make it symbolic. In the same talk, Sutherland notes that
during a war, the wealthy in Prussia were encouraged to give their
jewellery to support the war effort. The pieces were replaced with
replicas made out of cast iron. Though they carried decidedly less
intrinsic value, the pieces came to have great symbolic value to the
people of Prussia because of the sacrifice they represented and
became desirable during that time period. A modern example would
be TOMS shoes. Their business model, built on symbolic value of a
TOMs purchase, enabled them to grow into an international brand
with several product lines.
Connect to emotions. According to Nielsen’s VP , ‘emotional
preference is important: while services may be similar, that
emotional connection can create the perception that the
“connected” brand exceeds customer expectations.’ It means
presenting a product, no matter its function, in an empathetic way.
Google Chrome achieved this in their Dear Sophie ad. Email is a
straightforward product. However, Google used the message to
connect with customers on an emotional level.
6. Build loyalty
Once you’ve built value into your brand from the product to
the campaigns, it’s important to understand where your brand
falls on the value scale and to continually adapt your
marketing strategy to suit.