THE IMPORTANCE OF BRANDING IN MARKETING Sarah, Lydia, Stephanie THE ROLE OF BRANDING Your brand is the way customers perceive you Branding goes beyond the logo it includes websites, social media, staff members, etc. ROLE OF BRANDING It’s important to create a strong brand because, Promotes recognition Your brand sets you apart from competition Provides direction and motivation for staff Customers will know what to expect from your brand Easier for customers to create an emotional connection Provides business value EFFECTIVE BRAND CHARACTERISTICS Audience Knowledge Uniqueness Create an identity or a selling point Consistency Understand the demographics of target market Have same logo, brand, service, etc. Exposure Be able to reach consumers through multiple channels BRANDING STRATEGIES Brand Extension Brand Licensing Letting others use brand to sell product Mixed Brands Using the same brand in a different product category (Magnum, Dove, etc.) Companies produce two versions of same product Co-Branding Associating a single product with two brand names