What is branding and why is it so important: 10 reasons

Introduction

In this article, we discuss what branding is and show why branding is so important through 10 reasons.

What is branding?

When defining branding, many people immediately think of a logo but it goes much further than that. Branding consists of to all activities that involve displaying your logo, name or image to create more awareness for your company. Branding goes beyond just the value your product offers, with branding you want to enhance the emotions and undertones of your brand. It is the feelings that come to a consumer when they think of your brand, see it, hear it or some other form of recognition.

So the goal is not directly to get a potential customer to take action, but more to acquire a place in his mind. Consider:

• Colors
• Logo
• Font
• Communication style/tone of voice

Providing a consistent customer experience in this makes it easier for customers to choose you. So you implement the above aspects everywhere:

• Website
• Invoices
• Business cards
• Social media
• Email signature
• Advertising posters
• After sales service

Why is branding so important to your business?

Branding is the overall image and feeling that customers have of your company, product or brand. In addition to the impression it makes on consumers, branding also creates an expectation with the company. Let's clarify this with an example:

• Energy supplier Essent has taken a high-quality position in the energy market. Thanks to good branding, they are often associated as a quality energy supplier. What some may not have known is that Energiedirect is a subsidiary of Essent. For Energiedirect, Essent has chosen a very different branding strategy, so people do not expect the quality experience they expect at Essent to the same extent at Energiedirect.

10 reasons why branding is so important

The Essent example shows the power of branding. Yet we see that many companies and start-ups underestimate the value of branding. Therefore, below are the 10 main reasons why branding is so important!

1. Branding creates recognition

People tend to want to do business with companies they recognize. If your branding is consistent and easy to recognize, your customers are more likely to feel drawn to your company when they want to make a purchase because it feels familiar and familiar.

2. Branding sets you apart from your competitors

Standing out in your market is very important. Differentiation is becoming increasingly difficult to achieve with just your product or price. With branding, you are able to position yourself completely uniquely.

3. Branding says something about your DNA

People prefer to do business with people. Make sure your branding equals the DNA and values of your company and people.

4. Branding gives your team direction and motivation

If you have a clear understanding of what you stand for, with your brand and with your company, this is the foundation for your team. It should make them feel at home, and it tells them how to work to meet goals.

5. Branding creates ambassadors

People love to tell others about brands, brands or companies they like. People wear brands, they eat brands, they listen brands and they are constantly associating themselves with a brand and convincing others why those brands are so good, beautiful, tasty or successful!

6. Branding helps manage your customers' expectations

When your brand is consistent and clear, your customers know what you stand for and what they can expect. This makes it easier to respond to their needs and desires.

7. Branding translates your customer promise

If you get it right, your brand is the emotional translation of the promise you make to your customers.

8. Branding provides clarity and focus

Thanks to branding, it is very clear where the focus lies. All your goals should be in line with the constant development of your brand so you can always test whether or not something fits your brand.

9. Branding creates an emotional bond

Perhaps most importantly, branding allows you to build an emotional connection with your customer. A wavelength you don't reach with just a logo or a name. No with total branding you create a real connection with your customers.

10. Branding delivers extremely high returns in the long run

Once you have a strong brand in place you can build on it. You can market new products, acquire new customers or employees, or scale up your marketing much more easily.

Are you setting up a business or new brand and could use some help? Then engage a branding agency. Prefer some more inspiration? Read on the Tasmanic blog about creating a go-to-market strategy plan, the meaning and differences between slogans, pay-offs, taglines and mottos and branding strategy, among other topics.