Branding
Branding
Entrepreneurs need to brand themselves to start a business; is usually the result of a personal dream or need. Investors tell us that they invest in people, more than the idea. Customers’ buy from people not from a company, at least at the startup stages. That’s why it’s important to build a personal brand in parallel, before your business brand. This will kick start your business, and improve your odds of success.
Brand Recognition- Brand awareness: – If you need to build a successful brand you need to be recognizable. Branding is the marketing practise of actively shaping your brand. Branding is what your business needs to break through the clutter and grab your ideal customer’s attention. It’s what transforms first-time buyers into lifetime customers and turns an indifferent audience into brand evangelists.
In other words, if you want your business to succeed, branding is non-negotiable.
Co Branding:-
In this competitive world, only one thing is constant, that is change. Co-branding has become synonymous with success.
Co-branding refers to the utilization of two or more brands so as to create a new product. This can be of the same company or from two distant companies.
Examples of co-branding:-
Taco Bell and Frito-Lay advertised the porticos Locos Taco by wrapping the two in a classic Doritos bag, reflecting the co-branding partnership and appealing to both brand audience. By doing this Taco Bell sold an estimated one billion units in the first year it was introduced.
