Presentation ENTREPRENEUR SHIP

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ENTREPRENEUR SHIP

LESSON 9

WHAT IS BRANDING?
BRANDING
The use of a name, term,symbol, or design, or a combination of these,
to identify a product “ (caanon, Perrault, and Mc carthy (2008) .It
comprises the use of brand names, trades marks, and any others
system of product and identification.
Why branding is important in your business?
Branding is ultimately a taxing task in a business of the over all impact it
creates on your company. Branding can change people perception on
your brand, it can drive new opportunities and increase brand
cognizance
A. Branding increase awareness and
recognition
• The ultimate reason why branding is being done in a company is
increases recognition and awareness thus letting your brand known to
public. The logo is the utmost component of branding, especially for
this factor.
B. Branding intensifies corporate value
• Branding is important when you are seeking for new opportunities or
even thinking for future business investment.
C.Branding creates new customers
• A strong connects easily with people because of the positive it creates
about the company
D. Improves employee pride and
satisfaction
• Working for a strong and welt- established branded company gives a
feeling of satisfaction and higher degree of pride for the work they do.
E. Creates trust within the market place
• Building trust with customers, potential markets, and consurmers is
not easily achieved over time, however with proper branding it can be
easily reached and a accomplished.
F. Branding supports advertising
• Advertising is one element of branding and advertising techniques
mirror the brand and its anticipated image you want the public to
capture.
Characteristics of a good brand name
-identify of products and services should always be unique and different

from the competitors.

It should be unique, short simple and It can be pronounced in all


distinctive languages(for international markets)
It should be extendable It has no unattractive imagery

It should suggest about products qualities It is adoptable to packaging and


and benefits labelling needs
It should be capable of legal protection and It is easy to pronounce
registration
It should not portray bad or wrong It is up-to-date and timely
meanings and other categories
It should suggest product/service category It is easy to read and spell
How to brand products or services?
• Developing your brand is like a journey of making a difference in
business world. there are essential factors to consider in creating your
own brand.
1) What is your company’s mission?
• The company’s mission serves many purpose. It defines its culture,
values, ethics, objectives and ultimate goals.
2) What are the benefits and features of
your products or services?
• Essential characteristics of the products or services offered are clearly
evident for the benefits for the customer.
3) What do your customers and prospects
already think of your company?
• Don’t think what you think but rather know about what they think.
Focus and starts from the needs of your market.
4) What qualities do you want customers
to perceive about company?
TRUE
• Customer perception regarding the
image of the company is very AUTHENTIC DARING
important because the personality
and identity STRONG
defend upon them. RUGGEDNESS
UP-TO-DATE

your company is
a promise to your customer.
BRAND
PERSONALITY
RELIABLE
CHARMING

CLASSY COMPETENCE

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