B2B Branding Brand Value of Top 10 Companies $B 65.3 58.7 57.1 51.6 33.7 32.1 30.9 29.4 29.2 23.6 Coca Cola Legend: Micro -soft IBM GE % of B2C sales Nokia Toyota Intel % of B2B sales Mc- Mercedes- Disney Benz Donald’s Source: Interbrand 2008 The Branding Triangle Company General Public Collaborators Customers Each has an influence upon the product’s brand image/definition Importance of Brand in B2B Buying Behavior (1) A recognized brand name with positive customer perception has advantage at all stages of decision making Determine that a need exists Determine product specifications Acquire solution providers Cull the bids/proposals to a short list Evaluate the short list, or get revised proposals/bids Importance of Brand in B2B Buying Behavior A recognized brand name with positive customer perception has advantage at all stages of decision making Determine that a need exists Determine product specifications Acquire solution providers Cull the bids/proposals to a short list Evaluate the short list, or get revised proposals/bids Cut the short list to finalists Final Evaluation & Choice Post-Purchase Relationship The Role of B2B Brands Secure Future Business Create Brand Loyalty Differentiate Marketing Differentiate Brand Risk Reduction Information Efficiency Value Added Increase Sales Command Price Premium Create Brand Image Create Preferences Branding Checklist (1) Brand Identity Consistent brand identity to your target audience? logo, colors, designs, etc. Brand identity accurately reflects company/product’s key attributes? Staff understand what your brand stands for? Staff understand their role in delivering on your brand promise? Always deliver on your brand promise? Brand identity protected? Have a set of guidelines on how the various brand elements should be used? Source: Nick Pauley Design Brand Check (2008) download under http://www.pauleydesign.co.uk/PD_gd_brandcheck.pdf Branding Checklist (2) Brand Awareness Brand easily recognized by your target audiences? Brand top of mind when target audiences consider purchasing? Brand features on all relevant marketing material? Competitive Positioning/Market Awareness Understand your brand positioning in marketplace? Have a competitive edge in the marketplace? Aware of potential opportunities in the market? Source: Nick Pauley Design Brand Check (2008) download under http://www.pauleydesign.co.uk/PD_gd_brandcheck.pdf Branding Checklist (3) Looking to the Future – The Process 1) Organizational structure, operations & culture aligned with your brand values? 2) Review your brand and what it stands for each year? 3) Have systems in place to continually monitor your brand internally & externally? Source: Nick Pauley Design Brand Check (2008) download under http://www.pauleydesign.co.uk/PD_gd_brandcheck.pdf The Brand Customer Relationship Publicity PR/ Advertising Business cards Innovation, R&D Networking Trade shows/ Presentations Ongoing Relationship & Referral Pre-Selection Word of Mouth Web Site/ Web Banners Brand Products and Services Publications Tech Support Proposals Purchase & Usage Experience Customer Care Sales Collateral Service & Delivery Packaging Training Sales Representative Product Performance Defending the Market Position There will be imitators, so with your buyers’ organizations: Market up build relationships with management above the influencers to reinforce the decision process Market down build relationships with the lower level users of the product Market sideways build relationships in other parts of the organization to facilitate translation of current or future products within the customer organization