Article Contents

The goal of creating a brand and executing a brand strategy is to bring the image of your product to mind when the customer sees your logo or hears the product’s name. In comparison to marketing strategies, brand strategy is a long-term plan. 

When building a brand strategy, keep in mind your brand’s goal and what you’ve promised your potential customers.

A good brand strategy will bring you brand loyalty and awareness and, most importantly, help you increase your profit in the long run.

Why Do You Need a Brand Strategy?

  • Collaboration. Branding starts with setting specific goals and visions. In your business, you have different departments that focus on different tasks. However, your brand goals bring your teams to work together and show your brand’s identity in various places.
  • Helps your marketing strategy. It enables you to shape your marketing strategy by using your brand’s message and voice in every marketing channel, like advertising and social media marketing.
  • Brand and customer connection. It brings brand loyalty by creating a connection between brand and customer. The survey of KPMG reveals that 86% of loyal customers recommend brands to their friends.
  • Distinguishability. Creating a brand image brings distinguishability for your product in the marketplace. For example, Coca-Cola and Pepsi are soft drinks, however, people can easily distinguish them from their logos and colours.
  • Higher pricing. This is about the trust factor and customer loyalty. If your brand has a good reputation among customers, and you manage to build solid customer loyalty, people will be willing to pay more for your product.

What Do You Need to Do Before Creating a Brand Strategy?

There are a couple of necessary steps you should follow before creating a solid brand strategy.

Clarify Your Purpose

Before starting to build your brand strategy, you need to define the brand’s purpose, message, vision and end goals. When customers engage with your brand, they should be able to see your purpose and distinguish your brand from others.

For instance, Coca-Cola explains their vision as refreshing the body and spirit with their soft drink, and they show that in their ads.

Define Your Target Audience

Defining your market audience helps you deliver your brand’s message and marketing strategies and connect with your potential customers.

You can define the features and demographics of your customers. Their ages, occupations and personalities will help you set up your brand’s voice and language.

Design Your Brand

After clarifying the purpose and defining your audience, it’s time to design your logo. Online designing tools and freelance graphic designers can help you with this task. You need to create something eye-catching. You can do that by using colours, images or typography. Maybe, you even can find a way to put your brand’s story in your design.

Brand Guideline

After completing the previous steps, start to work on your brand guideline. A brand guideline carries all necessary information about your brand: mission, message, voice, language, how to use the logo, etc.

It will bring consistency to delivering your brand’s message in every department and marketing channel of your business.

Creating a Brand Strategy

Who are You?

As a new company, you need to define your business strategy. Think about where you want to see your brand ten years later. How are you going to reach your goals? How will you engage with people? What are your marketing strategies? etc.

Use your brand to define who you are. Your brand will help you to reach your goals. Remember, your brand is your most powerful tool for delivering the company’s message and vision.

Show What Makes You Different

Marketplaces are full of competition. You need to show what makes your brand different from others. For example, let’s think about Coca-Cola and Pepsi. Both are the same soft drink; however, their target audience is slightly different. In its ads, Coca-Cola primarily uses family gatherings, but Pepsi prefers to address teenagers or friend groups.

Even though there are similar products in the marketplace, find your unique selling point and show it with your brand.

How to Deliver your Brand’s Message

After you have defined your target audience and specified the demographics to address it, you need to find an efficient way to communicate with those people. You can do market research and see how your competitors engage with their customers.

Also, to grow your business, you will need to find a way to deliver your brand’s message outside your target group.

Develop a Content Marketing Strategy

In a nutshell, content marketing is developing valuable content using different channels or strategies of marketing. Your brand strategy aims to bring distinguishability to your brand and, in the long run, profit. You can achieve those goals if you use them efficiently and combine your brand and content marketing strategies well.

Use Social Media Smartly

Social media platforms are an inseparable part of our daily lives. Many people engage with each other through different platforms. Many marketers are aware of it, and a study shows that 70% of marketers use social media to bring brand awareness to their businesses.

Each social media platform has unique demographics. Therefore, keeping your language, design and message consistent on each platform will bring distinguishability and brand awareness.

Brand Strategy Types

There are various brand strategy types. We chose the three most relevant ones.

Using the Company’s Name

It’s one of the most commonly used brand strategies. Many companies prefer to use their name as a brand. Coca-cola, Google, H&M, and Zara can be given as examples.

When we see or hear Zara or H&M, we don’t only see products but their values, vision and mission in their ads.

Using Personal Images

Famous people often use personal branding to promote their brands. They usually try to tie their brands with their personalities.

For example, in the last few years, with the increasing interest in skin care, many celebrities have created their beauty lines: Rihanna – Fenty Skin and Fenty Beauty, Ariana Grande – R.E.M Beauty or Lady Gaga’s – Haus Labs by Lady Gaga.

Using the Product’s Name

Here, a company chooses a product and markets it by using the product’s name. The best examples of this type can be shown in Apple and its products. Apple is great at marketing and bringing distinguishability to its products. For instance, Apple promotes its phones like iPhones, music players as iPods, and computers as iMacs and Macs. Using the Products’ names brings a unique identity to these products, while tying them with Apple and representing the company’s values and message.

Conclusion

Building a brand strategy is a great tool to let your brand stand out in the market. Like marketing or business strategies, brand strategies require time, study and patience. Your brand represents your company’s identity and values; that’s why it’s your most valuable tool. A well-designed brand strategy will bring your company brand identity, awareness and distinguishability.

Want to start and grow your own business? We have the perfect solution for you. We built a platform with over 17 courses designed by serial entrepreneurs to help you build a sustainable business. You will get access to hundreds of resources, tools, legal templates, and much more. Save time and money and become more successful by subscribing to our EWOR Platform. What are you waiting for?

Sign-up now!

About EWOR

EWOR is a school conceived by Europe’s top professors, entrepreneurs, and industry leaders. We educate and mentor young innovators to launch successful businesses.

Learn More

Article Contents

Our Programs

Fellowship

An exclusive 10-month, fully-sponsored, program designed for aspiring entrepreneurs who want to make the world a better place.

Learn More

Academy

An 8-week online program that teaches you how to start a company with a lasting impact on the environment or society.

Learn More

Platform

Learn how to conceive, prototype, test, and launch an impactful venture with over 17 courses to help you start off.

Learn More

Newsletter

Don’t miss out on future content and subscribe to our newsletter!

Follow Us

About EWOR

EWOR is a school conceived by Europe’s top professors, entrepreneurs, and industry leaders. We educate and mentor young innovators to launch successful businesses.

Learn More

Our Programs

Fellowship

An exclusive 10-month, fully-sponsored, program designed for aspiring entrepreneurs who want to make the world a better place.

Learn More

Academy

An exclusive 10-month, fully-sponsored, program designed for aspiring entrepreneurs who want to make the world a better place.

Learn More

Platform

Learn how to conceive, prototype, test, and launch an impactful venture with over 17 courses to help you start off.

Learn More

Newsletter

Don’t miss out on future content and subscribe to our newsletter!

Recommended

How to Write A Fool-Proof Business Plan 

If you want your company to last long, you need a business plan. It lays...

Effective Business Communication: The Key to Success

Many things can make or break your entrepreneurial endeavour, in particular, proper communication. Effective business...

How to Make the Best of Ideation

‘Ideation’ is defined as the process of forming ideas. It forms the basis of a...

A list of 6 Business Ideas You Can Start in Germany

As one of the largest economies in the world, Germany welcomes innovative business ideas. The...

How to Choose the Best Fundraising Path for Your Business

Are you a first-time founder looking to grow your business, but unsure which fundraising option...

Start-up Culture: What Is It, and How Do You Do It Right?

Start-up culture evokes many images. The film The Social Network showed employees working in a...

Follow Us

Rate this article

Want to start and grow your own business?

Learn how to conceive, prototype, test, and launch an impactful venture with over 17 courses.

Get access to over 300 resources including pitch-decks, investor term sheets, and contracts.

daniel

Daniel Dippold

Michael