What is Brand Management in Marketing?
Brand management is a field of marketing that focuses on how
people see and talk about a brand and how people feel about and interact with
it. It means making a plan for creating and keeping a consistent brand identity
and ensuring that all points of contact with customers are in line with the
values and image of the brand.
This includes how the product is made and packaged, how it is
advertised, and how the customer feels about it.
The ultimate goal of brand management is to create a strong,
recognizable brand that stands out from competitors and that customers trust
and stick with. A strong brand can help a company get customers to stick with
it longer, bring in new customers, and charge more for its products.
To manage a brand well, you need to know a lot about your target market and the
competition, and you also need a clear brand strategy that guides all of your
marketing and communication efforts. It also needs to be watched and evaluated
regularly to ensure the brand stays relevant and consistent.
What are BRAND MARKETING COMPONENTS?
The parts of brand marketing are the strategies and tactics that
are used to build and keep a brand. Among these parts are:
1. Brand positioning is figuring out what makes a
brand different from others and special.
2. Brand identity: The logo, slogan, and packaging
that make up a brand's image.
3. Brand messaging: The words and tone used to tell
customers what a brand stands for and what it can do for them.
4. Brand strategy is the overall plan for building
and keeping up the image and reputation of a brand.
5. Marketing mix: The specific methods used to
promote a brand, such as advertising, public relations, promotions, and other
forms of marketing communication.
6. Consumer research: Getting information about the
people you want to sell to so you can make decisions about your brand's
strategy and marketing.
7. Customer experience is how customers feel about a
brand, including how they interact with products and customer service.
8. A strong online presence through a brand's website,
social media, and other digital channels.
Brand equity is the value that a strong brand brings to a
company regarding customer loyalty and how valuable the brand is seen to be.
Together, these parts make a strong brand that customers know
and trust. Effective brand marketing requires a consistent approach across all
contact points and a deep understanding of the target market and competition.
Brand management is taking care of how customers see a product
or service. Here are some examples of brand management:
• Product design
• Customer support
• Public relations
• Advertising
• Marketing
Real-life examples of brand management show how a company
improves its reputation, customer loyalty, and overall business success by
taking care of its brand.
Some well-known examples of brand management are:
1. Apple Inc.: Apple has a strong brand
identity, with a minimalist design style and sleek product packaging that makes
it easy to recognize. The company's marketing focuses on the user experience,
and its customer service is known for being knowledgeable and helpful.
2. Coca-Cola: Coca-Cola
is one of the most well-known brands in the world. Its logo and slogan,
"Open Happiness," have been a part of its brand identity for many
years. The company also spends a lot of money on advertising and sponsorships
to promote its brand.
3. Nike: Nike's brand is based on athletic
performance and success. Its "Just Do It" slogan motivates athletes
and fitness fans to do their best. The company also works with well-known
athletes and sports teams to get their support for its products and to spread
the word about its brand.
4. Amazon: Amazon is known for putting the
customer first, and its brand is built on ease of use, speed, and a wide range
of products. The company's website and delivery services make shopping easy and
convenient for customers. Its user-friendly interface and suggestions also help
customers find what they want.
These are just a few examples of how companies have successfully
managed their brands to create a strong image and reputation that sticks with
customers. Brand management needs ongoing attention and investment to maintain
a consistent brand identity and customer experience.