Creating a Brand
There are some key factors necessary when creating a brand
You must have:
1.
A name – branding is about marking or putting a name to
something.
2.
A vision and relevant strategy – a business must be built on vision and
strategic thought
3.
Objectives – the brand is always influenced by timelines and clear actionable
intentions.
4.
A product – ideas are tantamount but ultimately they must take the shape of a
product or service
5.
A plan – ultimately it is important to have a clear plan of action
As the above factors take shape a business
will have a specific perspective that can be visually and orally communicated to customers.
Company literature and graphics must then reflect the emergent values.
Test your powers of
observation again
Can you see
the white arrow in the FEDEX logo?
If the answer is no, look again if yes well
done.
Creating a brand implies that people you work with
believe, understand and communicate the values a business engenders. Furthermore, all the structures in a business
including support systems, processes and procedures reflector should reflect brand values.
What’s in a name and
tagline?
Something
that suits your existing and potential customers’ perceptions of you.
· Names have the power to build
associations - When establishing and
communicating a name it must attempt to meet your customers expectations.
·
Names refers to you and your customer the same way. Importantly; internal and
external interpretations of a name must match.
·
Names that do not clash with your values - Values
refer to principles and standards of behavior. It is important that your name
doesn’t go against the values you engender in your business.
· Tagline
is based on you core competencies - The
tagline or promise is an important aspect of your brand as it captures what you
do in one phrase, one set of words or one sentence.
When Sony says they 'Make Believe', is it
something they can deliver? (from a competence perspective.)
Keys to developing a name
• Awareness - who needs to see it?
• Association - what must they connect
to the brand?
• Logos and symbols – what symbols are
appropriate?
• Characters – which characters
connect with you customers?
• Slogans (Hook) – what is the catch?
• Packaging - how does your product
look?
• Pricing – how much is it worth?
• Distribution – where can it be
found?
• Quality – does it meet or satisfy
expectations?
• Benefits - what does someone get out
of it?
• Share of Market - what is your share
of the market?
This is some food for thought to set you off on the right path in creating your brand.