Branding
A brand is considered to be one of the most valuable and important assets for a company
Branding is about defining who you are as a company. It’s your mission, your values, and what makes you special and unique.
Logos, slogans, and other recognizable marks owned by companies are marketing tools used to promote and market a company’s products and services. When used together, these tools create a brand identity.
If marketing is what gets people to engage with your company for the first time, branding is what keeps them coming back for years to come. While marketing is used to promote your product or service, branding is used to actively shape your brand and who you are.
Successful marketing can help keep a company’s brand front and center in people’s minds
In very simple words, a product is what you sell, a brand is the perceived image of the product you sell, and branding is the strategy to create that image
How can different companies sell the same product but still convince people to purchase their product instead of the one from the competition?
The answer is by creating a brand
A brand can be considered as the idea or image people have in mind when thinking about specific products, services, and activities of a company, both in a practical (e.g. “the shoe is light-weight”) and emotional way (e.g. “the shoe makes me feel powerful”). `
It is therefore not just the physical features that create a brand but also the feelings that consumers develop towards the company or its product.
This combination of physical and emotional cues is triggered when exposed to the name, the logo, the visual identity, or even the message communicated.
A product can be easily copied by other players in a market, but a brand will always be unique. For example, Pepsi and Coca-Cola taste very similar, however for some reason, some people feel more connected to Coca-Cola, others to Pepsi.
