Successful Branding

 Branding involves Product + Image in case of physical products. Or, Service Experience + Image in case of service brands. The intangible part is mostly in the image, creating which usually takes a long time, and involves word-of-mouth plus imagery created through associations, communication etc. The tangible part can often be copied.

Some Indian brands that have done very well over the years include-

Amul

Asian Paints

Fevicol

D Mart

Flipkart

Coffee Day

Good Knight, Ujala, Krack, Moov

International Brands or Global Brands (people) include- 

Parasuraman of Services Marketing fame, CK Prahalad of BoP (Bottom of the Pyramid) fame, Raghuram Rajan of Chicago, Indra Nooyi of Pepsi, etc. 

Professors can brand themselves by publishing, consulting or writing books, apart from teaching well or uniquely. I can remember some from IIMB and Clemson (Cantrell, McNichols, Stahl) who were unique, after many years.

Students can excel in class, or in extra-curriculars. My suggestion is that you also do something unique, or much better than anyone, like blog, take photos, make films, play online games or create some, write cases or research papers.

A word about image of some politicians- 

Putin, Xi, Kim of North Korea, and the first Prime Minister of Singapore- Lee Kuan Yew. What's the word that comes to your mind when you think about each one? That's called Association, and can be a good test in reverse, as in "What's the brand that comes to mind first when given a word, say a 'crunchy treat?' "

And a word about Brand Value. There are many ways to estimate this, and for listed companies, one formula is Market Cap-Book Value. This measures the contribution of perceptions about the intangible value that can be attributed to the "Brand" that the corporation represents.

Marketing research can show you the health of a brand through Tracking studies done regularly. Unaided recall, Aided recall, loyalty, and perceptions against competing brands are some of the brand-related research studies done by many brands.

Bonus- Adding some Social Media Use Pointers (for better branding) from various sources- Guy Kawasaki is one.

1. Do more rather than less. Many reasons- it's an ocean, you are likely to get lost in it. Of course, this assumes you are sharing sense and not nonsense (from your followers' point of view, before you ask).

2. Be bold, and take positions. This establishes your credibility (assuming you want it).

3. Choose a good picture of yours for the Media, and stick to it for a while. If you don't have a good picture, God help you. Also, be visual, in general.

4. Don't use bad words. Bad words are bad on any medium. Learn to do without them, unless you are a teen trying to be cool. (Everything is pardoned THEN)

5. It's impossible to generate loads of new content regularly. Use curated stuff mixed with original content. Cite the source, where applicable.

6. Provide information, analysis, help or entertainment. They work better than other content, particularly if you are trying to build a large or regular following. How to Videos on Youtube are one example.


No comments:

Turkish Serial

 I happened to watch completely a serial with 164 episodes! Originally Turkish, with subtitles, though a few words seemed familiar as we hav...

These Were Liked a Lot