Brand/Branding
Brand
Definition
A brand is a name, term, sign, symbol, or design or a combination of them, intended to identify the goods and services of one seller or group of sellers and to differentiate them from those of the competitor (Phillip Kotler).
Brand Roles
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Not just a name
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Transfer information from producer to client
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Represent image and identity of the company
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A positioning tool
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Build customer loyalty
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Save customer’s time and money and reduce customer’s risk
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Differentiate from other products
Branding
Definition
Branding is the act of creating a brand.
Branding Process
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Position your company or product in the market
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Devise brand strategy
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Create your name
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Design corporate or product identity
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Write brand messaging
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Set brand standards
The Idea of Branding Started From
Distinguish the goods
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craftsmen imprinted trademarks on their goods to mark the maker and origin
Denote the ownership of the property
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Cattle and sheep were branded with paint, pine tar and hot irons
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Slaves were branded to mark ownership