The book i read What is Branding? by Matthew Healey gave me a valuable insight into what it means to physically, emotionally and visually brand an item a service, a business etc. Here are a few sections from the book which i found invaluable and very useful the more i read on the more i began to comprehend what branding actually conveys.
What is a brand: A tangible, symbolic system created by a producer to evoke an untouchable notion in a customer’s mind. The system comprises a discrete identity-name, logo, colour, visual style, tone of voice, product design, package design, advertising, approach to customer service, and environmental design associated with an insight involving rational product benefits, emotional desires, and personal aspirations.
What is branding: The process of systematically pairing a deliberately crafted, symbolic identity with insights to arouse and then satisfy expectations. May involve the determination or definition of those insights; nearly always involves the creative development of the identity. Branding is when that idea or image is marketed so that it is recognizable by more and more people, and identified with a certain service or product when there are many other companies offering the same service or product.
What branding does:
- Reinforces a good reputation
- Encourages loyalty
- Assures quality
- Convey a perception of greater worth, allowing a product of equal price to sell more
- Grant the buyer a sense of affirmation and entry into an imaginary community of shared values
Branding involves five major components:
- Storytelling
- Positioning
- Design
- Price
- Customer relationship
Storytelling
Everyone is drawn to a good, emotional story & wants to heard the best ones over & over. When we buy brands, physically take part in their story (at least we feel that way) & great brands reassure us as to what an important role we play in their great story.
positioning
Concept first addressed by Al Ries & Jack Trout in 1980 book of that name. Defining in the mind of a customer what a brand stands for & how it compares to its competing brands. What customers think is important to producers so they respond to that. This makes branding a two-way process.
Design
Refers to all aspects of how a thing is crafted, not just the visual aspect. Design is the liquid as well as the label, the and bolts as well as the name, the self as well as the surface. When a company talks of rebranding, they really just mean a redesign, a true rebranding cuts to the core concept.
Price
Is less obvious but us a vital aspect of the brand. If two cheese in the same supermarket look & smell the same, majority of customers will take the most expensive one, this has been proven. Price jockeying is crucial in brand competition, and many companies have learned to their cost that short-term price cutting tactics can have devastating long-term consequences for brand image.
Customer relationship
Have to make us each feel special. This is vital. Your phone company has millions of customers, but has to make you & everyone else feel like the most important. At the heart of every branding effort there has to be kernel of truth. Beauty of great branding lies in the ability to identify that truth, tells its story, make it look good, and build it into a valuable, emotional bond between producer & customer.
A brand managers job is to create the image that reinforces reputation, encourages loyalty, assures quality conveys worth and grants affirmation. What branding cannot do it rescue a lousy service or salvage a flawed product, especially after a customer has had an unsatisfactory experience with it. A brand resides primarily in the mind of customers & is often synonymous with reputation. In other words, your brand is what your customer thinks it is. We buy brands for reasons that go beyond the rational, buying a brand is an act of self-affirmation and approval giving the customer entry into an imaginary world, built by advertising & publicity, in which aspirations are fulfilled and values reaffirmed. This is why customers often ignore the savings and comparable quality of supermarkets generic-label goods, and continue to buy big-name brands. they make you feel better.
When you buy Heinz beans, you get to be like the person in the TV commercial with th ideal kitchen, the ideal family, the ideal lifestyle… We all know that this is a fantasy, but we indulge ourselves. That is the great are and accomplishment of advertising. If you buy generic beans, you save a few pennies, but you get… just beans. No indulgence. No approval of your values. No affirmation that you are part of an ideal world.
To me it seems branding or branded items are trying to sell you an ideal lifestyle to give you self-affirmation and also a sense of belonging, most people don’t want to be left out of the latest trends, people want to be part of a story or belong to something. Ipods, Ipads, Xbox, PS3, Sony TV etc are all very acclaimed brands their reputation will only get it bigger.