Tuesday, May 5, 2015

What is a Brand?

A lot of people are talking about it. But very few understand it.
The brand is the most powerful business tool you have.
Everyone seems to want it, but not very many know how to get it.
First, lets start with what a brand is not.
A brand is not a logo. It's a symbol for the brand, but it's not the brand itself.
Corporate colors, fonts, your website, and brochures are not a brand either.
They are the visual identity that communicates the brand.
So then, what is a brand?
A brand is the thoughts, feelings, words, or emotions you have when you hear a name.
It's all about how they make you feel.
Let me show you what I mean.
Think about these 3 strong brands:
Apple, TATA and Asian Paints
We all think the same thing, and we all use the same words to describe each of those strong brands when we hear their names.
Right?
Apple: innovation, creativity
TATA: integrity, passion
Asian Paints: colourful, friendly
Simply put, branding is recognition. Or perception.
It's not defined by what the companies think, but by what individuals, like you and I, think.
The brand is held in the hearts and minds of people.
So your brand isn't what you think it is.
It's what they think it is.

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