During a recent conversation with one of my colleagues, she said “You know, I really am not sure what branding means.” This is not unusual. It is a complex, abstract concept that is often confused with your logo.
So let’s clear one thing up. Your brand is not your product, your logo, or your name – It’s that abstract, hard to identify emotion that you have about a company, product or service.
Branding is what you feel about a company, product or service. It is the expression of its values and attributes.
Brand is ultimately what determines if you will become a loyal customer or not. It is brand that will determine if you will only buy a certain car or a specific clothing brand for the rest of your life.
Here’s an example that is often used to describe brand:
Why would someone pay thousands of dollars more for a Harley rather than buying a cheaper, equally well made bike?
Because it makes them feel like they’re part of an elite group that’s more than just a bunch of motorcycle riders, Harley Davidson has been able to position themselves as an obvious choice for someone looking to purchase a bike.
They use emotional branding by creating a community around their brand. They began HOG — Harley Owners Group — to connect their customers with their brand (and each other). “People have a basic psychological need to feel closely connected to others, and that caring, affectionate bonds from close relationships are a major part of human behavior.”
Branding should be the first thing to consider when you are planning your marketing – it is the foundation for all your efforts.