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<\/p>\nHow important is your brand, really? You could associate branding with little more than a logo and a slogan. Something that can come later. Something that\u2019s only really essential for more prominent companies. But we\u2019re here to tell you that any business of any size can benefit from having a solid brand! And with your brand comes a continued effort to position yourself in the minds of consumers and maintain that image with consistent communications. That\u2019s where these brand management strategies come in!<\/p>\n
Your brand is so much more than just the visual elements. And in an ever-crowding marketplace, branding can be just the thing that your business is missing. That\u2019s why today, we\u2019re talking more about the importance of branding and strategic brand management as an ongoing part of your marketing. Ready?<\/p>\n
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Let\u2019s start with the big question. What is strategic brand management?<\/p>\n
The name says a lot. Branding is a combination of techniques meant to position a brand in the mind of customers and influence their decision-making. Brand management refers to the systems in place to manage that brand. And because it\u2019s strategic, it\u2019s an intentional and long-term process. Hence strategic brand management.<\/p>\n
The ultimate goal of strategic brand management is to influence customer decision-making, increase revenue, and meet company goals.<\/p>\n
Branding plays a critical role in sales and marketing. While it\u2019s often skipped over in favor of operational demands, companies who spend time on their brand earn a significant advantage. For example, branding helps you\u2026<\/p>\n
Before taking you through the steps of strategic brand management, let’s start with a couple of brand management strategy examples so you can better understand its usefulness.<\/p>\n
Different companies choose brand management strategies built around different parts of their brand. For example, a company like Amazon has built its brand around its brand positioning<\/a>. Their advantage is convenience, lower costs, and acting as a one-stop shop! A company like REI, on the other hand, is more positioned around purpose, values, and personality. They offer customers a perceived quality and sustainability; their advantage is a lifestyle. As a result, customers feel like they’re engaging in something meaningful when they shop their products.<\/p>\n The key is to find the brand management strategy that aligns with what your customers want and your brand can offer, then build your marketing strategy around it.<\/p>\n Creating a brand is an ongoing process. If you want to go deep, you can spend a lot of money and time on it! As a result, nearly every resource you find on the topic will contain a different set of steps or activities. But today, we\u2019ll cover the basics. You need to do these things if you want to create and manage your brand.<\/p>\n Most entrepreneurs create a business from a place of passion or market opportunity with a goal \u2013 in some way or another \u2013 to connect with their target audience, be it sales, information, support, etc. That\u2019s why before you ever get into the branding process, you should have a clear idea of who exactly your business serves. Your target audience.<\/p>\n There are several terms for your target audience \u2013 avatar, persona, dream client, ideal client. But the elements you want to understand about them in order to effectively meet their needs are relatively consistent regardless of which term you use. Some key elements of defining your target audience is\u2026<\/p>\n The key to defining these personas is getting as specific as possible. For example, rather than giving them an age range or unspecific qualities, it can be helpful to base your profiles on an actual client, giving them the attributes you’d most want to expect from your customer base.<\/p>\n Of course, defining your target audience can be a more extensive process (there are many templates online), but starting with these components and creating a profile for one or two ideal clients will give you a helpful starting point for your branding.<\/p>\n Now that you have a clear understanding of your ideal client, the next step is to define your brand and business as it relates to them. This includes some of the key components you\u2019ve heard about in branding, as well as some less known brand elements. Some elements you might define in this process are\u2026<\/p>\n By starting with these branding elements (rather than a logo or a set of colors), you let the essential parts of your business define the other aspects. For example: if you identify your brand personality as bold and fearless, you might choose punchier colors for your website and a slogan more reflective of this personality.<\/p>\n Since branding is only as important as how your customers view your brand and business, this is your best opportunity to check that your perception of your business aligns with your target audience’s perception. If you already have loyal customers, what do they like about you? What makes you different in their eyes? This is a great starting point.<\/p>\n Before formalizing your brand guidelines, creating assets, and rolling out your new strategy, ensure your brand and target audience are aligned. It’s essential that the positioning you’ve chosen will not only align with your business but will effectively differentiate you from your competition. Of course, this can (and will!) evolve with time, but it’s a checkpoint you should notice.<\/p>\n One of the benefits of defining your target audience and your brand is that your marketing gets much more straightforward. Rather than starting from a blank page or shooting in the dark, you can clearly approach campaigns and content creation.<\/p>\n Being cohesive and consistent in your marketing is the key to branding! The more you can build a comprehensive profile of who your client is and how you can serve them, the better you will be able to address their needs in your marketing campaigns.<\/p>\n Your marketing strategy should be a mix of long-term goals and shorter-term steps you\u2019ll use to achieve them. First, you\u2019ll need to have your more strategic and operational questions answered \u2013 4 P\u2019s (product, price, promotion, and place), marketing budget, etc. \u2013 and then comes the fun part! Actually creating your campaigns.<\/p>\n Since the goal here is to influence customer associations with your brand, all the content you create should be consistent and help you promote this unified brand. Your channels will also be informed by where your ideal client spends time \u2013 whether it\u2019s print, commercials, radio or podcast, social media, etc. Since marketing can be a lot of effort, here\u2019s more on social media project management<\/a> for a more streamlined content creation and scheduling approach.<\/p>\n Up to this point, we\u2019ve talked more about brand strategy than brand strategy management. However, after you\u2019ve done the foundational work and started communicating this updated branding to your target audience, you\u2019ll want to monitor the reactions. This is called brand reputation management.<\/p>\n You can do this by monitoring social media, watching reviews, or setting notifications whenever your brand is mentioned. You can do this manually or with the support of a brand reputation monitoring tool. Is the brand you\u2019ve landed on resonating with your target audience and getting you closer to your goals? If you do not see the expected results, you might start by trying your message on new channels or making minor adjustments that refine the positioning you worked on.<\/p>\n Brand strategy is about creating and communicating with your customers, but ultimately, it\u2019s more about how they perceive you. Their feedback and reviews will have a significant impact not just on how they continue to engage with your brand but also on how new and prospective clients will perceive you!<\/p>\n Monitoring is important because you have an accurate and updated perception of your business. This might mean responding to social media comments or organizing focus groups to understand better how the rebrand is landing with your customers. This knowledge gives you the power to update as necessary.<\/p>\n As you monitor and create content for your brand, another aspect of brand management is maintaining the materials for consistency and communicating it internally so that anyone working with the brand has a clear idea of how it should be used.<\/p>\n Brand materials can be anything from guidelines, logos, color codes, fonts, brand personality, values, mission, vision, etc. While the foundations may be consistent, there might be aspects of how things are used, a color code, a logo detail, etc., that change over time. Maintaining a central place with all the most current branding assets is essential to ensure that outdated materials aren\u2019t distributed by mistake.<\/p>\n Perhaps more important than the asset library is how you communicate your new brand guidelines to employees who work with them. By ensuring all employees know about and have access to your guidelines and assets \u2013 especially outward-facing roles like customer service, marketing, and sales \u2013 you\u2019ll be more sure your brand is also being carried through.<\/p>\n For example, with a strong set of core values, you can hire employees who demonstrate these qualities so that everyone interacting with your business will have a consistent experience. You might generate some standardized responses for frequently asked or difficult questions related to your brand. Build a brand session into onboarding so employees are steeped in your brand from day one.<\/p>\n Like anything, having a set of standards, rules, and a centralized place that people can reference for the most important information is critical to managing the new brand you created.<\/p>\n![\"A](\"https:\/\/www.teamly.com\/blog\/wp-content\/uploads\/2023\/05\/A-6-Step-Process-for-Strategic-Brand-Management.png\")
<\/p>\n<\/span>A 6-Step Process for Strategic Brand Management<\/span><\/h2>\n
<\/span>1. Start with your target audience<\/span><\/h3>\n
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<\/span>2. Define your brand<\/span><\/h3>\n
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<\/span>3. Align your brand and target audience<\/span><\/h3>\n
<\/span>4. Create a marketing strategy<\/span><\/h3>\n
<\/span>5. Monitoring your brand reputation<\/span><\/h3>\n
<\/span>6. Centralize and update materials<\/span><\/h3>\n