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What it takes to make a Brand

The product that we sell and the service that we experience leave a lasting impression that people tend to talk about; they recognize it, and they want it again and again. That is what makes a brand. A brand is associated with a particular product type, as it isn’t easy to sell or promote without a brand. Its position can be determined by the target audience depending upon the value it delivers. It is not what we say about our brand; it is up to the consumer to decide what it is all about. The product that has meaning to the consumer forms a brand, and the one that does not remain just a commodity. We need to be very clear about our product and its alignment to a particular product category so the consumers will know what to expect and with whom we can compare if needed. A brand is powerful when it has one meaning in the eyes of the consumer; for example, we have Facebook, which is a social networking site that helps us to get connected to our loved ones across the globe. Now if Facebook gets into another or multiple ventures like investment, chemicals, technology, and energy, its true identity would be lost so the consumer won’t be clear what Facebook truly is. A brand becomes a success when you know who your target audience is and then you are true to your audience. To connect well with the audience, the brand should conduct market research to understand consumer interest and behaviour, identify the problems faced by the consumer, offer the brand as a solution to the problem, and also interact with customers to keep them engaged. When the brand tries different things for different audiences, the result is learning. The million-dollar question is: What makes your target audience choose your brand? There are various reasons why audience choose your brand, but trust and reputation are the ultimate game-changer, the product that aligns with the audience’s values forms a deep emotional connection, and convenience, availability, and a well-executed marketing strategy are the other key reasons that keep the brand on top of the consumer’s mind. A brand name that is unique, clear, connected, and relevant to the business forms a framework that is memorable in the minds of consumers. Once you are an established brand, it is important for you to maintain your positioning. Without compelling stories to share and standout features, the audience interest may decline soon. A well-established brand looks for expansion of business, but that does not mean expansion of the brand because it can dilute your brand identity and weaken customers’ trust if not managed carefully. Strong brand support helps businesses to grow and generate revenues, but uncontrolled brand expansion may lead to confusion amongst consumers. Brand and product categories are interconnected; it goes hand in hand. When the product category is relevant to the brand, it keeps on blooming, but when it is no longer relevant, the brand dies along with the product. Give your company a distinct name separate from your brand name, ensuring if the brand fades and dies, the company remains strong. So, the focus should be on an expansion of business, not the brand.  

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