Thinking about starting a business of some type? Many of us are, but at
the same time we all tend to forget about the importance of building a strong
brand. This blog post will be centered on building a strong brand identity, and
the importance of getting your brand permanently etched in your potential
clients mind. Many people feel that all they need to do is build a great
product that will catch the eye of the consumer and become the next best
seller. But what few fail to realize is that a brand is the meaning behind your
company’s name, logo, symbols and slogans (Kokemuller, 2013). Nike and Air
Jordan’s for years have been linked with Nike being the company and Jordan
being the product for years, because of the fact that many people know that
Jordan is a great product and can cost a great deal the name Nike helps people
feel better about making purchases. This is because the brand will be around
longer than the one product the company starts with, this is because after a
company makes a profits off of the initial product they look to expand by
bringing on more products. This would not be a successful process if the
company does not have a strong brand and client following. Products have life
cycles. Brands outlive products. Brands are valuable... Building brands build
incredible value for companies and corporations (Goodson, 2012).
After researching the web I came across a web page that breaks down the
steps to brand awareness and building advertising objectives. Listed below are
the steps. More information about this can be found at http://smallbusiness.chron.com/importance-brand-awareness-45853.html
1.
First
Step: Creating brand awareness this needs to be done before you can create
a favorable impression or motivate customers to buy (Kokemuller, 2013).
2.
Top of
Mind: This is when customers think of you first when they need to make a
purchase within your product category. You can build top of mind awareness
through repeated exposure and consistent delivery of a good product or service
over time (Kokemuller, 2013).
3.
Build
Equity: To develop strong brand equity you have to develop a high level of
brand awareness (Kokemuller, 2013).
4.
Direct
Impact: The public is more equipped with mobile and social media tools to
communicate quickly about your brand – good or bad (Kokemuller, 2013).
The information contained in the steps
above only confirm the fact that brand awareness is the most important part of
a company’s advertising campaign. The best brands have remarkable creativity in
advertising to help them break through people’s wall of indifference to create
brand heat and product lust (Goodson, 2012).
Goodson,
S. (2012, May 27). [Web log message]. Retrieved from http://www.forbes.com/sites/marketshare/2012/05/27/why-brand-building-is-important/2/
Kokemuller,
N. (2013). The importance of brand awareness. Retrieved from http://smallbusiness.chron.com/importance-brand-awareness-45853.html
