Branding https://www.youtube.com/watch?v=k5016fh7TgQ https://www.youtube.com/watch?v=JKIAOZZritk&feature=related Write down the company you think of on back 2.07 Branding Objectives 1. Define the term “Brand.” 2. Explain the process of Branding. (Use internet resources also) 3. What is a Brand Name? 4. Identify 5 Brand Names. 5. What is a Brand Mark? 6. Describe 2 Brand Marks. 7. What is a Brand Image? 8. List 5 Brands, and describe your Brand Image of each. 9. Define Brand Loyalty. 10.Write and example of Brand Loyalty. What Brand(s) are you Loyal to? 11.What is a Trademark? 12.What Government office protects Trademarks? 13.What is the difference between a Trade (or Corporate) Name and a Product (or Brand) Name? 14.What is a Trade Character? 15.List your 5 favorite Trade Characters. Brand • A name, term, symbol, design, logo, colors, or combination that identifies a company or products •Represents values, ideas, or personality Branding • Creates an individual identity for a product or service. • Differentiates from competitors. • Makes a company or product more recognizable. Branding • Brand Name the parts of the brand that can be spoken • Letters, Words, and Numbers • The brand name is usually the product name • Brand Mark the elements of a brand that cannot be spoken • Logos Brand Image • Consumers’ beliefs about the company or its goods or services. • Quality, price, and value may affect a brand’s image. List 5 brands. Describe your beliefs about each. Brand Loyalty • A consumers’ consistent preference for one brand over all others. Trademark A word, name, or symbol that is given legal protection by the government Prevents other companies from using Trademark ™ Registered Trademark® Trade Name vs. Brand Name Corporate Brand Name Product Name Identifies and promotes a company Coca-Cola Identifies a particular product Coke Zero Toyota Motor Company Corolla List 5 different examples Trade Character • A brand mark with human characteristics • Jolly Green Giant • Tony the Tiger How many can you name? How many other examples can you list? Trade Name Brand Name Trademark Trade Character Stop! Finished? Try a brand game . . . • http://www.sporcle.com/games/g/corplogos • http://www.sporcle.com/games/BanjoZebra/shoelogos • http://www.sporcle.com/games/g/mostvaluablebrands • http://www.sporcle.com/games/tylerhianna/candy-wrappers Assignment • • Create a design of a product that includes: 1. Brand Name (include your first name) 2. Trade Name (include your last name) 3. Trademark (TM) or ® 4. Trade Character 5. A slogan that explains what your product is The product can be anything you choose. The design can be created by hand or digitally. It should be in color and be an example of your best work. Assignment Examples: Part 2 •The Brand Promise BRAND EXPERIENCE • Consumers experience a Brand through its various touch points: Product Quality Counter Service After-Sales Service Sales & Marketing Communications Phone Enquiries Retail / Merchandising Distribution What is a Brand Promise? • “A brand promise is the statement that you make to customers that identifies what they should expect for all interactions with your people, products, services and company. It is often associated with the company name and/or logo.” • Brand Promise: • What the business intends to provide the customer. • The NFL: “To be the premier sports and entertainment brand that brings people together, connecting them socially and emotionally like no other.” • Coca-Cola: “To inspire moments of optimism and uplift.” • Virgin: “To be genuine, fun, contemporary, and different in everything we do at a reasonable price.” • Is a brand promise also the slogan? • Geico – “15 Minutes Or Less Can Save You 15% Or More On Car Insurance” • Nationwide Insurance – “Nationwide Is On Your Side” Short activity: Create a Brand Promise for you or AK. Importance of Brand Promises: • Establishes a level of customer service. • Reflect the core values of the company in relationship with customers. • It provides guidance to employees as they interact with customers. • Promise a differentiated benefit to the customer. • What happens when a business fails to deliver on promise? • Loss of credibility = lost sales and market share Company Image • The perception the public holds about a particular business. • Based on: • quality of products • reputation of the company • employees • prices • positive community relations • customer service. Bottom 5: 1. Comcast 2. American Airlines 3. B of A 4. Citibank 5. AT&T Top 5: 1. Amazon 2. Chick-fil-a 3. Hilton 4. Marriott 5. Amer-Exp Company Image: Affected by: • Consumers sharing opinions. • Company Owners/Management • Employees (TRAINING IS KEY) • • • • trained and motivated answering telephones dress code requirements communicating a positive image