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The consumer is king when it comes to branding a company. Brands are built on reputation, experience, and emotional connection with customers.
Companies spend thousands of dollars on brand building. Branding is often times thought to come about through paid advertising, product design, catch phrases, mission statements, or by a logo design. In his book, Becoming a Category of One (John Wiley & Sons, Inc, 2003, 2009), author Joe Callaway tells readers that the brand is in the customer’s mind and they alone are the brand builders. Branding is EverythingCallaway explains to readers that instead of trying to be number one in a particular category, a company should create a new category and be the only company in it. Branding is one way to become a category of one company. Callaway wrote, “Your brand is owned by your customers and anyone else who has in impression of your company. Your brand resides in the minds of customers, not in newspaper ads.” Branding defines a company in the marketplace and according to the author; everyone from the president of the company to the receptionist should make it top priority. How to BrandCallaway provides readers with the following points when working with customers and building a company’s brand:
Sample BrandsCallaway mentions two superior branded companies, Laura Ashley Flooring and Harley Davidson. Both companies are known or branded for:
There are many companies that have excellent brands based on emotional connections to customers including Wheaties cereal, Disney World, and Apple computers. How Brands are BuiltCompanies may believe that their customers think of them one way-the way the company wants people to see them-but customers will build the brand according to the experiences they have with a company. If those answering the phones are short and cynical with people calling in-then that will become the brand. If salespeople are not encouraged to return calls within a few hours and they get in the habit of calling back in a few days, then that is what the brand becomes. If a company’s web site is hard to navigate, that will become the brand. Whatever the customers experience with a company is exactly how the customer will brand the company. Branding is ImportantUndeniably, branding can make or break a company. It is detrimental for a company to believe that through advertising, promotion, product design, or something as mundane as new furniture or a new facility it can build a positive brand in the consumer’s mind. Connecting with customers in a positive, emotional, and sincere manner is what will build and maintain a brand. Don’t make the mistake of underestimating the power of the consumer.
The copyright of the article Company Branding in Corporate Marketing/Branding is owned by Patricia Faulhaber. Permission to republish Company Branding in print or online must be granted by the author in writing.
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