The position of Branding in the Marketing Mix

One of the biggest dilemmas of a company, especially a new endeavor, is how to fit branding into the total promotional and marketing strategy. Ideally, the company needs sales in the beginning and most likely cannot afford to devote resources to branding. But if branding is not considered right from the start, there could be issues down the road since the company did not have a well thought out plan. So the question remains, what focus should be given to branding and specifically, “what position should branding hold in the marketing mix”?

Indeed, everyone wants to be or own the newest buzz word or gizmo. Everyone thinks that their ideas are the greatest thing and they can sell billions of “whatever”. And while some of them may be right, a brand can only become a brand if it has sales. Focusing on a brand alone is done at the detriment of revenue. Major corporations have the resources behind them to launch new brands without seriously impacting their structure. But for smaller companies and start-ups, finding a revenue stream is crucial.

A couple points that need to be remembered when addressing issues about branding is that getting a brand really known could take years. Branding is a long-term strategy. It is also not always quantifiable. When bigger companies come knocking with offers to purchase your product or company, you basically know that you have become a brand, but how do you work on marketing your product or service while at the same time trying to develop the brand?

Read more

Branding Campaigns Explained

Think about some of the television commercials that quickly come to your mind. Do you remember them because of the products involved or do you remember them because of the messages of the commercials? In most instances, it is because of the commercials. You find the ads to be neat or cool. But they fit the products perfectly. That is the purpose of a branding campaign. yxymedia signTo make the advertisement mean something to you, while at the same time to promote the product or service being sold.

Some of the oldest commercials for investment houses and banks used (and still use today) branding campaigns to push consumer deposits. When trying to get their clients to buy different pension products, the deposit mechanism was second to the lifestyle that the client could enjoy. “Invest your money for thirty years and live like a king when the time comes to retire.” They showed pictures of people lying on beaches in the Caribbean being served fresh fruit and cocktails. The ads portrayed seniors as carefree souls traveling about the world with no worries in sight. The investment was secondary. This is a branding campaign, and it works because people buy into the sales pitch. They imagine themselves on that yacht!

A brilliant example today of a complete branding campaign is Fido cell phones. Most people know that Fido is a dog’s name. And all of the company’s literature, slogans, print ads, website, billboards, and television commercials clearly show a dog. And not just the same dog. They use many breeds because they are making the point that customers are different. Also, by using different dogs, they appeal to a greater number of people. The brand is not associated with one type of dog, therefore, the phone is not stereotyped. Further, the customers are called “Fido Owners”. The logo is the word “fido” sitting beside a yellow doghouse. And when they show someone giving a Fido telephone as a gift, there is no phone in the box, a dog peeks out. Everyone knows you are not giving a dog and that the telephone is the product, but the cell phone is not the focus of the ad. Indeed, this is an excellent example of a branding campaign. Everything ties together in symmetry.

Read more

- | =