Explore how brand marketing helps businesses build brand equity and promote their product lines, and discover the steps of creating a brand marketing strategy for your business.
Brand marketing is when a business promotes brand awareness through marketing efforts. While some brands, such as Nike, McDonald's, or Apple, have long been established within the cultural landscape, many more brands strive in the background to achieve the same level of recognition among consumers. Brand marketing can help a business gain a greater following among its target market and create brand loyalty.
Learn about what brand marketing is and how you can create your own brand marketing strategy.
Brand marketing refers to promoting a company鈥檚 brand as a whole rather than highlighting individual products and services. In this approach, a company might build marketing collateral that showcases its look and feel, transmits its values, and tells a compelling brand story.聽
Brand marketing serves several purposes, including boosting your brand鈥檚 reputation, building brand equity, and inspiring consumers鈥 trust and loyalty. In addition, an effective brand marketing strategy can also make it possible to increase consumers鈥 engagement with your brand, increase revenue, turn loyal customers into brand ambassadors, and have a positive impact on people鈥檚 lives.
While brand marketing combines concepts related to branding and marketing, these two business practices by themselves are not the same thing. Branding is the process of developing a distinct identity for a company and an experience for consumers. Marketing refers to the tactics a company uses to promote products and services to a specific market segment using insights from research.
Read more: What Is a Brand Strategy? And How to Create One聽
A brand marketing strategy is your long-term plan to improve your brand鈥檚 position in the marketplace. A strategy helps organize efforts to educate consumers about your brand. Gather any brand assets and marketing collateral you may already have, including design elements, social media content, buyer personas, and ad campaign creatives, and then follow the steps below to build your brand marketing strategy.
Articulate what you want to achieve with your brand marketing efforts. That way, you can determine your tactics and approaches with intention and have a basis for measuring your progress over time. Make these goals as specific as possible, understanding that you can adjust as needed as you build other sections of your brand marketing strategy.
Draw from these examples of brand marketing goals:
Develop marketing content to elevate brand vision and philosophy and increase customer engagement with such messaging.
Understand the brand鈥檚 overall appeal.
Recruit brand ambassadors from the existing customer base who willingly participate in promotional activities.
A brand story is a coherent narrative about a brand鈥檚 origin, mission, purpose, and role in customers鈥 lives. A good brand story should captivate customers because they can relate their experiences or aspire to what the brand represents. Because humans respond emotionally to well-crafted stories, having a coherent brand story can make your brand marketing more effective.
To define your brand story, start by reviewing everything that comprises your brand鈥檚 identity, from the visual and language elements that consumers first encounter to the values and philosophy that undergird these elements. Next, answer these questions to bring brand story material to the forefront:
How did this brand originate?
What were the events that led to its inception?
What inspired you to develop it?
What problems do customers have that your brand helps to solve?
What desire do customers have that your brand satisfies?
What ideas and principles went into this brand鈥檚 design?
What goes into the development of each product and service?
Then, shape the raw brand story material into a short but coherent narrative. You might consider developing several versions of the brand story: a short one that can be verbalized in a few seconds or added to a social media profile as a brief intro and a longer one that comprises a page on your website.
Your brand story can serve as the basis for brand marketing collateral.
Review any market research you鈥檝e conducted, your brand marketing goals, and your brand story to determine the specific tactics you鈥檒l use to market your brand. Answer the following questions to decide on your tactics. Be able to say why you鈥檝e chosen each one and how you foresee it helping you reach your brand marketing goals:
Which marketing channels will you use to develop a brand presence?
How can you coordinate paid ad campaigns and organic content to tell your brand鈥檚 story and extend its reach?
How will you leverage social media influencers and the rapport they鈥檝e cultivated with their audiences to reach new niche markets?
What affiliate marketing and referral programs can you offer to turn loyal customers into brand ambassadors?
Read more: Marketing Strategy: What It Is and How to Create One
Your goal in this step is to create brand marketing collateral that communicates your brand鈥檚 values, mission, visual identity, and story in compelling ways for use across all marketing channels. Collateral can include:
Email campaigns and sequences
Web copy, blog articles, or other content
Social media posts
Videos
Digital or print ad creatives
Business cards and other print collateral
For this step, review your goals and tactics and decide on the key performance indicators (KPIs) you鈥檒l use to measure the success of your brand marketing efforts. That way, you can find out what鈥檚 working and what鈥檚 not and adjust your strategy accordingly. KPIs might include the number of site visitors during a specific period or the performance of individual pieces of branded content marketing.
Next, set up analytic tools on each marketing channel to monitor KPIs and set calendar alerts to review them.
Remember: Marketing your brand as a whole can boost its reputation, help you increase revenue, and inspire customer loyalty. Set long-term goals and be diligent to see results over time.
Keep these best practices in mind as you implement your brand marketing strategy:
Observe your competition鈥檚 brand marketing tactics continually so that you can market your brand to stand out.
Watch for trends in brand marketing, such as creating videos to tell a brand story, using omnichannel marketing techniques, improving your content marketing, and working with influencers to reach new markets.
When designing paid ad campaigns and content for your organic marketing, ensure that you consistently use your brand assets (name, logo, fonts, voice, etc.).
Revisit your brand marketing strategy periodically to account for new products and services and optimize your tactics for better results.
Brand marketing leverages your organization鈥檚 values and brand story to create an identity that helps your current and future audiences identify your company. Online courses can be a great way to build brand marketing skills that will serve your career, whether developing your own business or helping companies market their brands.
Deepen your knowledge of branding, improve your content, and develop high-impact campaigns in IE Business School鈥檚 Branding: The Creative Journey Specialization on 糖心vlog官网观看.
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