What is most important to consider when it comes to branding
development for your business? Whether you are a huge multinational
organization, or a small home business, branding will be of crucial importance,
and can make a very significant difference to the success of the company.
For new businesses starting up, the concept of branding can
seem exciting -and indeed, it can be a lot of fun. However, this is also an
aspect of your business which needs to be treated seriously, and it will be
important to consider a range of aspects.
By considering a wide range of aspects of corporate
branding, you will be able to ensure that your business retains a consistent
image throughout the marketplace. There can be no doubt that confusing branding
can be highly damaging, no matter how clever the concept was in the first
place.
One of the starting places which it might be worth
considering is to check out the branding ideas pursued by your competitors. To
understand how they have arrived at the branding images they have developed
provides you with an appreciation of how you might be able to market yourself
differently. It will be important to ensure that your company is seen as being,
not only distinct from your rivals, but also more professional. Copying ideas
of branding styles from your rivals does not make you the market leader, and
can often lead to confusion; confusion in turn often leads to loss of sales and
customers.
Piggyback branding is where a company launches a product or
corporate branding image which is deliberately designed to look very similar to
a known, successful brand which has already reached a wide audience and
established a name for itself. The idea being that by creating products or a
brand image that is similar, people will either purchase your products in
error, or assume that they are of similar quality. Orientals are masters at
this type of branding.
This is dangerous territory. There are few success stories
when it comes to piggyback branding. The only market that can safely achieve
this is perhaps in supermarket own-brand items. Where supermarkets package
their own brand to look very similar to the leading product, but at a much
lower price, they are often able to achieve much greater profit margins. People
are rarely confused into buying their product, but it does help to draw
attention to the own-brand items. That is one of the major objectives of
advertising: the ultimate being to make a recurring sale.
In other areas of the retail and service industries this can
be very tricky, and is rarely advised. Ensuring your own distinct brand image
allows you to establish yourself as distinct, unique and able to provide a
service or quality of product which is good enough in itself not to need a
branding development which relies on confusion or mimicry to succeed.
Having said that, there are certain markets where themed
brandings have taken off rather well, and in these fields it will be helpful to
understand the trends being used. If a branding trend has succeeded, customers
will be aware of this and will frequently start scanning for particular colors,
styles of themes.
Think of the colors used for gaming consoles for example.
Silver and black are dominant themes used in many products and labels, with
green and blue used often as secondary colors. This is no coincidence since the
colors evoke impressions of sturdy space age metal, NASA technology and
futuristic styles. Developing a brand quite distinct from this could work
either for or against you. Creating a brand which ties in with a known theme,
and with a successful visual style, can help you to be seen as a significant
part of the market.
On the other hand, heading off in a new direction in terms
of style and color could work in your favour, with the impression being implied
that your technology is different, and is heading off in a new direction. Being
able to support these claims will be important of course.
Frozen foods often use blue and white within the theme to
evoke ideas of ice-cold environments, whereas hot salsa products will invariably
be packaged in warm reds and oranges with a general sense of heat.
These are just small examples of how the market has often
developed successful branding styles which will be important to cash in on for
maximum success. It might be an interesting experiment to try selling frozen
food packaged in red and salsa sauce in blue and white, but it could end up
being a very expensive one!