Connect with us

MARKETING

What Is Branding And Why Is It Important?

Published

on

comapny branded merchandies 1acd2746

So, what exactly is branding? What’s more, why is it so essential to your business’s future?

Branding is much more than a logo branded merchandise or an added product. When considering your brand, consider everything. From your logo to your website to your social media interactions, the way you pick up the phone, and how your consumers interact with your employees.

It can be hard to envision what your company entails when you contemplate this wide concept of branding. Your brand is, in a word, how your customers perceive you.

Many small businesses and start-ups overlook the importance of thinking about their image in this broad sense and how it affects their bottom line.

There is so much competition nowadays, that businesses must go above and beyond to ensure that they stand out. To accomplish this, you need to devote resources to developing a powerful brand that will attract and retain people’s attention.

What is branding?

There would be less uncertainty and conflict about branding if the concept could have a simple explanation. Still, a thorough understanding of branding demands a firm grasp of economic, commercial, and even (personal) relationship fundamentals.

Advertisement

Since branding is such a vast concept, a specific description that encompasses everything it contains would be insufficient to illuminate the topic. However, to reduce the spread of outdated, incorrect, and incomplete data about branding, we provide the following breakdown of definition:

  • As it never stops, branding is a never-ending process. People, industries, and enterprises are all changing at the same time, and the business must adapt to be relevant.
  • Branding is a systematic procedure in which you must first determine who/what you want to be to your stakeholders, develop a brand strategy to position yourself correctly, and then manage everything that affects your placement continuously.
  • Your positioning must be converted into assets (e.g., visual identity) and activities (e.g., social interactions, experiences) that gradually build up that perception in the minds of your stakeholders.
  • Customers aren’t the only ones who form an impression of your company in their heads. Potential clients, workers, shareholders, and company partners are all stakeholders. Each individual builds their own image of the brand and interacts with it in line with that perception.

Why is it important?

The end result of the branding process is the brand, which includes the accompanying prestige and value. A good reputation correlates to money, and a brand image equates to that. Value can be defined as a large premium, influence, or mindshare.

Let’s discuss some reasons that make branding an essential aspect of marketing strategy.

Increase in business recognition

One of the most understandable reasons for a company’s branding is to make it easier for customers to recognize them. People will automatically notice your firm if it has good branding, much more so than if it does not.

A corporation with inconsistent branding is unlikely to be remembered for very long. A company with a distinctive logo, appealing colors, and other visual aspects, on the other hand, will be far more memorable.

Even if someone only sees your brand for a few seconds, if it makes a positive impression, there’s a strong chance they won’t forget it. Even if they aren’t ready to use your goods or services just yet.

Branding can help in trust development 

One of the most crucial things you can have as a company is audience trust, but it isn’t always easy to earn. A corporation that lacks important branding elements will have a much harder time garnering trust.

Advertisement

Many of us anticipate seeing branding when we look at firms in any industry, and not seeing it could be a red flag for some. You have less to show for your business if you don’t have any branding.

You can improve your advertising

Without advertisement, your custom merchandise for business will not be able to grow very far. Advertising and branding are strongly intertwined. If you want to increase your company’s advertising, you should first concentrate on building a brand.

When it comes to advertising, you just want it to flow smoothly and match your company’s brand and objectives. This can be challenging if you haven’t taken enough effort to create your brand.

It’s beneficial to your employees

Either in or out of your company, branding is critical. You obviously want your employees to enjoy their work and experience like they’re a part of a team. A company with strong branding will have a simpler time convincing employees that they are part of something bigger than just a job.

You should invest in parts of branding that keep your workforce happy, in addition to marketing that can assist attract new clients.

Customers become loyal

You do not really just want customers to recognize your brand and use your service once; you want them to return again and time again. Perhaps, give your brand a more human aspect with good branding, which your clients will relate to more than a business that is purely all business.

Advertisement

You may use branding to appeal to people’s emotions and make them feel closer to your organization in a variety of ways. Branding allows us to form connections with your target audience, which can lead to them becoming devoted consumers.

Referrals due to branding

People enjoy telling others about their favorite brands. People wear brands, eat brand products, listen to brands, and are always informing others about their favorite brands.

You can’t tell us about a brand you don’t recall, on the other hand. For creating referrals or viral traffic, a strong brand website approach, such as backlinks, is also necessary.

Conclusion

To conclude, the branding of a company is more significant than you would imagine. Your company branded merchandise may appear to be made up solely of logos and colors on the surface, but it is truly your company’s full identity. Your brand provides you with a sense of identification.

Marketing has always been crucial in the commercial world, but it may be even more so now, since every day, customers are exposed to new companies and products.

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address

MARKETING

A Recap of Everything Marketers & Advertisers Need to Know

Published

on

A Recap of Everything Marketers & Advertisers Need to Know

When rumors started swirling about Twitter changing its name to X, I couldn’t believe it at first. But then, in July 2023, as I searched for my favorite blue icon on the phone, I found a black icon instead. It had actually happened!

(more…)

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Continue Reading

MARKETING

The key to correcting the C-suite trust deficit

Published

on

The key to correcting the C-suite trust deficit

Take a moment to search “CMO tenure” and you’ll find a wide variety of content discussing the short tenure of CMOs and how it’s among the shortest of roles in the C-suite. If you dive deeper, you’ll find that CEOs don’t seem to trust CMOs. 

Boathouse’s CMO Insights study (registration required) noted several sobering conclusions:

  • 34% of CEOs have great confidence in their CMOs.
  • 32% of CEOs trust their CMOs.
  • 56% of CEOs believe their CMO supports their long-term vision.
  • And only 10% of CEOs believe their CMO puts the CEO’s needs before their own.

If these statistics also apply to the CMO’s entire organization, then it’s clear we have a trust problem with marketing leadership.

If you haven’t read Patrick Lencioni’s “The Five Dysfunctions of a Team,” I consider it required reading for anyone in any leadership role. In his book, Lencioni builds a pyramid of dysfunctions that need to be addressed for a team to succeed. The foundational dysfunction — with which one cannot build a successful team — is “absence of trust.” We see it at scale with marketing organizations today.

Introducing objectivity through data

In “Hamlet,” Shakespeare writes, “There is nothing either good or bad, but thinking makes it so.” Each organization that makes up a company looks at the company from a different perspective. What marketing sees as positive, finance may see as negative. But who’s right? No one.

Advertisement

Usually, there is no objectivity because leadership comes up with an idea and we execute it. It’s like the fashion proverb “Beauty is in the eye of the beholder.” Unfortunately, we’re going to struggle to run a profitable organization if it’s run like a fashion show.

Therefore, we need to introduce objectivity to how we work. Leadership needs to come together to agree on goals that align with the goals of the broader organization. One element of this conversation should be an acknowledgment that this is turning a ship.

Often leaders — especially those without marketing backgrounds — are likely to expect instant gratification. It’s going to take time to turn the ship and you and your team would do well to set reasonable expectations right away.

Dig deeper: KPIs that connect: 5 metrics for marketing, sales and product alignment

Aligning goals and metrics across the organization

With goals in hand, we need to assign metrics to their progress and agree on the source(s) of truth. Once these objective measures are in place, perspective doesn’t matter. 2 + 2 = 4 regardless of whether you’re in HR or accounting.

Every public road has a speed limit and whether you’re in compliance with it has nothing to do with your perspective. If you’re above it, you’re wrong and subject to penalties. Referring to the fashion example, it’s not a fashion show where some people like a dress and others don’t.

Advertisement

By using data to objectively measure marketing’s progress within the organization and having the rest of the leadership buy into the strategy, we build trust through objectivity. Maybe the CEO would not have chosen the campaign the marketing team chose.

But if it was agreed that a >1 ROAS is how we measure a successful campaign, it can’t be argued that the campaign was unsuccessful if the ROAS was >1. In this example, the campaign was an objective success even if the CEO’s subjective opinion was negative.

Data-driven campaign planning

Within the marketing organization, campaigns should always be developed with measurement top of mind. Through analysis, we can determine what channels, creative, audiences and tactics will be most successful for a given campaign. 

Being able to tell the leadership team that campaigns are chosen based on their ability to deliver measured results across metrics aligned to cross-departmental goals is a powerful message. It further builds trust and confidence that marketing isn’t run based on the CMO’s subjective opinions or gut decisions. Rather, it’s a collaborative, data-driven process.

For this to be successful, though, it can’t just be for show, where we make a gut decision and direct an analyst to go find data to back up our approach. This would be analytics theater, which is a perversion of the data. Instead, tell the analyst what you think you want to do and ask them to assess it.

For the rest of the organization’s leadership, ask questions when the marketing team presents a campaign. Find out how they came up with the strategy and expect to hear a lot about data — especially the metrics you all agreed would support the company’s overarching goals.

Advertisement

Dig deeper: 5 failure points of a marketing measurement plan — and how to fix them

Data literacy: Building credibility through transparency 

Building trust doesn’t happen overnight, but a sustained practice of using data to drive marketing leadership’s decisions will build trust if the metrics ladder up to the organizational goals and all of leadership is bought into the measurement plan.



Over time, this trust will translate into longer tenure and more successful teams through building the infrastructure needed to tackle Lencioni’s five dysfunctions.

Opinions expressed in this article are those of the guest author and not necessarily MarTech. Staff authors are listed here.

Source link

Advertisement
Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Continue Reading

MARKETING

How Tagging Strategies Transform Marketing Campaigns

Published

on

How Tagging Strategies Transform Marketing Campaigns

How Tagging Strategies Transform Marketing Campaigns

As a marketer, I understand how today’s marketing campaigns face fierce competition. With so much content and ads competing for eyeballs, creating campaigns that stand out is no easy task. 

That’s where strategies like tagging come in. 

It helps you categorize and optimize your marketing efforts. It also helps your campaigns cut through the noise and reach the right audience.

To help you out, I’ve compiled nine ways brands use a tagging strategy to create an impactful marketing campaign. 

Let’s get to it. 

How Brands Use a Tagging Strategy

Tagging involves using keywords or labels to categorize and organize content, products, or customer data. You attach tags to specific items or information to make searching, sorting, and analyzing data easier. 

Advertisement

There are various types of tags, including meta tags, analytics tags, image tags, hashtags, blog tags, and more. 

So, how do brands use a tagging strategy to make their marketing campaigns stand out?

Improve Social Media Engagement

With over 5 billion users, social media provides an easy way to connect with your audience, build relationships, and promote your offerings.

1714881365 414 How Tagging Strategies Transform Marketing Campaigns1714881365 414 How Tagging Strategies Transform Marketing Campaigns

Use a tagging strategy to boost social media interactions. Consistently use hashtags that align with current trends and topics. This encourages people to interact with your content and boosts content visibility.

You can also use tags to monitor brand mentions of your products or your industry. This allows you to engage with your audience promptly.

Consider virtual social media assistants to streamline your tagging strategy. These AI-driven tools can suggest relevant hashtags, track mentions, and automate responses. Implementing them can save time and resources while ensuring consistent engagement across your socials.

Build a Personal Brand on LinkedIn

LinkedIn is the world’s largest professional networking platform, with over 1 billion members across 200 nations. It offers excellent opportunities for individuals and businesses to build and nurture their brands.

Advertisement
1714881366 482 How Tagging Strategies Transform Marketing Campaigns1714881366 482 How Tagging Strategies Transform Marketing Campaigns

However, simply creating a professional profile isn’t enough to build a personal brand on LinkedIn

Use various tags to increase your visibility, establish thought leadership, showcase expertise, and attract the right connections. For instance, use skill tags to showcase your expertise and industry tags to attract connections and opportunities within your industry. Use certification tags to help showcase your expertise and credibility to potential employers or clients. 

Facilitate Customer Segmentation and Personalization

Personalization matters—more so in today’s data-driven world. In fact, 65% of consumers expect your brand to adapt to their changing preferences and needs.

To meet this expectation, consider using a tagging strategy.

Segment your customers based on shared characteristics, such as demographics, interests, purchase history, cart abandonment, and behavior.

Here’s a summary of the steps to customer segmentation.

1714881366 917 How Tagging Strategies Transform Marketing Campaigns1714881366 917 How Tagging Strategies Transform Marketing Campaigns

With your customer segments ready, use tags to tailor your marketing messages and offerings to specific segments. Imagine sending targeted email campaigns based on what your customers need. That’s the power of segmentation and tagging in action!

Enhance SEO and Content Discoverability

Tagging content can have a profound impact on search engine optimization (SEO) and content discoverability. When users search for specific topics or products, well-tagged content is more likely to appear in search results, driving organic traffic to your website. 

Advertisement

Additionally, tags can help you analyze the most popular topics with your readers. Then, the results of this analysis can help you adjust your content strategies accordingly.

And get this— certain AI tools can help analyze your content and suggest relevant tags and keywords. Using these tools in addition to a tagging strategy can help optimize your SEO strategies and boost content discoverability.

Partner with the Right Influencers

Influencer marketing has become a go-to marketing approach for modern brands. Recent stats show that 85% of marketers and business owners believe influencer marketing is an effective marketing strategy. 

But how do you find the perfect influencer for your campaign? 

Utilize tags to identify influencers who are relevant to your niche. Beyond this, find influencers who align with your brand values and target audience.

Additionally, look for influencers who use hashtags that are relevant to your campaigns. For instance, fashion influencer Chiara Ferragni uses #adv (advertising) and #ghd (good hair day) hashtags in this campaign.

Advertisement
1714881366 781 How Tagging Strategies Transform Marketing Campaigns1714881366 781 How Tagging Strategies Transform Marketing Campaigns

Monitor industry-specific hashtags and mentions to discover influential voices and build profitable relationships with them. 

Track Hashtag Performance

Tracking your hashtag performance helps you understand your campaigns’ engagement, reach, and effectiveness.

To achieve this goal, assign special hashtags to each marketing project. This helps you see which hashtags generate the most engagement and reach, enabling you to refine your tagging strategy. 

Here’s an example of a hashtag performance report for the #SuperBowl2024.

1714881366 127 How Tagging Strategies Transform Marketing Campaigns1714881366 127 How Tagging Strategies Transform Marketing Campaigns

This curated list of hashtag generators by Attrock discusses the top tools for your consideration. You can analyze each and choose the one that best fits your needs.

Categorize Content Accordingly 

The human attention span is shrinking. The last thing you want is for your audience to have difficulty in finding or navigating your content, get frustrated, and bounce.

1714881367 884 How Tagging Strategies Transform Marketing Campaigns1714881367 884 How Tagging Strategies Transform Marketing Campaigns

Untagged content can be difficult to navigate and manage. As any marketer knows, content is important in digital marketing campaigns. 

To categorize your content, identify the main categories by topics, themes, campaigns, target audiences, or product lines. Then, assign relevant tags based on the categories you’ve identified. After that, implement a consistent tagging strategy for existing and new content. 

Organizing your content using tags can also help streamline your content management workflow. Most importantly, readers can easily find the content they’re looking for, thereby boosting overall user experience, engagement, and conversions.

Advertisement

Boost Your Email Marketing Strategy

Email marketing remains a powerful marketing tool in today’s digital world. It’s also another area where brands use a tagging strategy to directly reach their target audience.

Use tags to segment your email list and personalize your marketing messages. Then, you can send targeted emails based on factors like purchase history, interests, and demographics. 

Personalization can significantly improve open rates, CTRs, and overall engagement and conversion rates. It’s a simple yet impactful strategy to make your email marketing strategy more effective.  

Plus, you can use tags to track how well your emails perform with each group. This helps you understand what content resonates best with your audience and provides insight on how to improve your emails going forward.

Enhance Analytics and Reporting

Every marketer appreciates the immense value of data. For brands using tagging strategies, tags are powerful tools for gathering valuable data. 

Analyze how users interact with your tagged content. See which tags generate the most clicks, shares, conversions, and other forms of engagement. Gain insight into audience preferences and campaign effectiveness.

Advertisement

This granular data about your marketing efforts allow you to make data-driven decisions, allocate resources effectively, and refine your marketing strategies.

Final Thoughts 

There isn’t a single correct way for brands to use a tagging strategy in marketing. You can use a tagging strategy however you see fit. However, the bottom line is that this strategy offers you a simple yet powerful way to create attention-grabbing and unique marketing campaigns. 

Fortunately, tagging strategies are useful across various marketing initiatives, from social media and email marketing to SEO and more. 

So, if you’re ready to elevate your marketing campaign, build a strong brand presence, and stand out among the competition, consider employing effective tagging strategies today.


Disruptive Design Raising the Bar of Content Marketing with Graphic

Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Continue Reading

Trending

Follow by Email
RSS