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Monday, 10 September 2018 12:45

Forbes Forum: Brand - Part 2

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Forbes Forum Brand Part 2This post is the second in a series of articles that features my responses to questions put to members of the Forbes Agency Council. The theme again is brand.

Question: What is one thing brands should know when planning this year’s holiday campaigns?

Answer: Along with the benefits of your product, let your audience know what's convenient about ordering it, returning it, assembling it, even paying for it. Your holiday campaign will have to compete with a lot of other messages, and it'll run during a hectic time of year. Make purchasing your product more attractive to busy, distracted consumers by showcasing your quick and easy buying process.

Question: With so much noise in the marketing space, brand loyalty is paramount. What’s one way companies can increase brand loyalty?

Answer: You could be adding to the marketing noise if you're trying to be everything to everybody. By giving your audience too much to think about, you may be confusing them and preventing them from retaining a strong image of your brand. Determine what your core value is to consumers and find more ways to reinforce that specific value, rather than always introducing new topics into the conversation.

Question: If a company is considering a rebrand, what is one of the most important questions its executives should ask themselves before rebranding? 

Answer: Will a re-brand endanger the brand equity you've built up over the years? If the changes you make are drastic, will your current customers embrace them? If not, then what? Is the potential lure of new customers strong enough to risk alienating or confusing your current base? Is it possible that polishing up your current brand elements would give you the best of old and new?

RELATED POSTS: Forbes Forum: Brand - Part 1
When Should You Re-Brand?

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