Branding Strategy
Show that the major brand strategy decision involve brand positioning, brand name selection, brand sponsorship, and brand development.
1.Brand position
Positioning of the brand is? Is characteristic of the brand Different from other brands. Create an identity for the consumer or target audience remembers. This is consistent with the value or benefit to the customer. Positioning of the brand is clear and distinct. such as Nature Gift Coffee The position was created to help you lose weight coffee.
2.Brand Name Selection
finding the best brand name is a difficult task it begins careful review of the product and its benefit, the target market, and proposed marketing strategies. After that, naming a brand becomes part science, part art ,and a measure of instinct. Desirable quality for a brand name include the following 1.Suggest benefits and qualities 2. Easy to pronounce, recognize, and remember 3. Distindable 4. Extendable 5. translatable for the global economy 5. Capable of registration and legal protection
3.Brand Sponsorship
Sponsorships represents the business relationship between the assistance from the Fund. Resources or services As well as relationships in their personal appearance. To provide support to activities or organizations. The implications of providing support to the hope of providing some of the required and may be related to the interests of commerce. A manufacturer has four sponsorship options 1.Manufacturer's brand 2.Private brand 3. licensed brand 4. Co-brand
4. Brand Development Strategies
A company has four choices when it comes to developing brand. it can introduce line extension, brand extension, multi brands, or new brand.
Line extensions. Extending an existing brand name to new form, colors, size, ingredients, or flavors of an existing product category. Brand extension. Extending and existing brand name to new product categories. Multi Brands. Companies often market many different brands in a giving product category. And New Brands. it may create a new brands name when it enters a new product category for which non of its current brand names are appropriate.