BRANDING: THE GAMECHANGER
Develops Business Value
A brand is one of the most valuable intangible assets owned by a company. A strong brand gives you better positioning in the market and increases the value of your business significantly. It also makes up for a better investment opportunity due to its notable hold in the industry.
Gives Recognition
The most precious thing that branding lends to a business is Recognition. Through logos and taglines, branding tries to make your brand/company more identifiable and trustworthy. An intelligently designed logo has the power to interact with the people and makes your brand stand out from the crowd as well as your competition.
Attracts New Customers
Reputation is something that comes along with a brand. It is this reputation that differentiates a branded product from a non-branded one. While making a choice, any new consumer would feel attracted to a reputable brand and would decide to buy it even without blinking an eye.
Elevates The Desire of Buying
A brand adds value to your business and attaches a sense of pride and status to it. This factor influences people's decisions and generates a desire to buy it due to the powers and sense of accomplishment attached to it.
Improves Employee Satisfaction
Working with a branded company is much more satisfying and fulfilling than a non-branded one. A reputable brand enhances employees' sense of dignity and trust. Also, a branded company has higher chances to attract rich talent as people are more than happy to work with a well-known brand.
Components Of A Brand
- Brand Definition - Brand Values - Brand Identity - Brand Differentiation - Brand Messaging - Brand Experience
Importance of Rebranding
- Improves Market Position - Improves Economic Position - Generates New Enthusiasm In Audience