Welcome To The World of Advertising!
Welcome To The World of Advertising!
Welcome To The World of Advertising!
MARKETIN
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ADVERTISI
NG B.COM-HONS.
Processes :
The delivery of your service is usually done with the customer present so how the service is
delivered is once again part of what the consumer is paying for.
Physical Evidence :
Almost all services include some physical elements even if the bulk of what the consumer is paying
for is intangible. For example a hair salon would provide their client with a completed hairdo and an
insurance company would give their customers some form of printed material. Even if the material is
not physically printed (in the case of PDFs) they are still receiving a “physical product” by this
definition.
Though in place since the 1980’s the 7 Ps are still widely taught due to their fundamental logic being
sound in the marketing environment and marketers abilities to adapt the Marketing Mix to include
changes in communications such as social media, updates in the places which you can sell a
product/service or customers expectations in a constantly changing commercial environment.
The brand!
Brand identity stems from an organization, i.e., an organization is responsible for creating a
distinguished product with unique characteristics. Brand identity includes following
elements - Brand vision, brand culture, positioning, personality, relationships, and
presentations.
Brand identity is a bundle of mental and functional associations with the brand. Associations
are not “reasons-to-buy” but provide familiarity and differentiation that’s not replicable
getting it. These associations can include signature tune(for example - Britannia “ting-ting-
ta-ding”), trademark colors (for example - Blue color with Pepsi), logo (for example - Nike),
tagline (for example - Apple’s tagline is “Think different”),etc.
Brand identity is the total proposal/promise that an organization makes to consumers. The
brand can be perceived as a product, a personality, a set of values, and a position it occupies
in consumer’s minds. Brand identity is all that an organization wants the brand to be
considered as. It is a feature linked with a specific company, product, service or individual. It
is a way of externally expressing a brand to the world.
Brand identity is the noticeable elements of a brand (for instance - Trademark color, logo,
name, symbol) that identify and differentiates a brand in target audience mind. It is a crucial
means to grow your company’s brand.
How To Build A
Brand!
According to Nielson’s Global New Product Innovation Survey, 59% of consumers prefer to buy new
products from brands familiar to them. As a small business, you may be competing against big brands with
devoted customers. That’s why you have to find ways to differentiate–with a solid brand building process of
your own.
Branding is much more than just a cool logo or well-placed advertisement.
You need to do more. Your brand is defined by a customer's overall
perception of your business.
A successful brand has to be consistent in communication and experience, across many applications:
Environment (storefront or office)
Print, signage, packaging
Website & online advertising
Social media & content marketing
Sales & customer service
Now, brand building being simple? The truth is: it doesn’t happen overnight…or even in a few months.
Brand building is definitely a process. However, the ongoing effort will result in establishing long-term
relationships with your customers. This can mean an increase in sales, more projects, word-of-mouth
referrals, and advocacy for your products or services.
11 Steps On
H o w To B u i l d
A Successful
Brand!
Determine your
brand’s target
audience.
The foundation for building your brand, is to determine the
targeted audience that you’ll be focusing on.
When brand building, keep in mind who exactly you are
trying to reach. You’ll tailor your mission and message to
meet their specific needs.
Get specific. Figure out detailed behaviors and lifestyle of
your consumers. I’ll explain with a few brief examples:-
Single moms who work from home
Tech-savvy early adopters
College students studying abroad
Executive recruiting professionals
Define a branding
mission statement.
o Before you can build a brand that your target audience trusts, you need to
know what value your business provides. The mission statement basically
defines a purpose for existing. It will inform every other aspect of your brand
building.
o What's your mission? Craft a clear expression of what your company is most
passionate about. Everything from your logo to your tagline, voice, message
and personality should reflect that mission.
o We all know the like tagline: Just Do It. But do you know their mission
statement? Nike’s mission is: “To bring inspiration and innovation to every
athlete in the world“. You can see the Nike mission everywhere. They focus on
all types of athletes using Nike products to be their best self. Nike goes even
further with their mission, by adding a footnote to the statement: “If you have
a body, you are an athlete“. Think about how wide their target audience
becomes with a disclaimer like that!
Research brands within
your industry niche.
You should never imitate exactly what the big brands are doing in
your industry. But, you should be aware of what they do well (or
where they fail). The goal is to differentiate from the competition.
Convince a customer to purchase from you over them!
Research your main competitors or benchmarks. Study how they
have effectively, and ineffectively built their brand. Ask the following
questions:
Are they consistent with their message and visual identity
across channels?
What is the quality of their products or services?
Do they have customer reviews you can read, or social mentions
about them?
Outline the key qualities &
benefits your brand offers.