What is Brand Strategy? This video explains what brand strategy is and the 3 key questions you need to answer before defining yours. Brand strategy is crucial for your brand’s growth and provides a roadmap to help you reach your ideal customer, achieve your goals and objectives and long term success.
In order to start defining and creating your brand strategy you first need to have a good understanding of your brand, what it stands for, why it exists and the things that make you unique. If you need help defining this you can download our FREE Workbook that will help you go through this process. How to define your brand – Worksheet Download – https://bit.ly/2z8GhtN
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One of the things we do at Elements, Brand Management is help brands. Build shape and create their brand strategy. And with this video, we hope to help you do the same.
So what is brand strategy? Well, let’s start off with a definition of the word strategy, a plan of action designed to achieve a longterm or overall aim.
So how does this fit into the context of your brand? So brand strategy is a plan of action. To reach and resonate with your ideal customers in order to achieve your goals and objectives grow your brand and achieve longterm success. Another way of thinking about it is your brand strategy is a plan of action to grow shape and build your brand.
When some people think of brand strategy, they think of a strategy to reach your audience. Others. Think of it as a strategy. That includes everything you do as a brand. So every touch point that you have and others think of it as a way to reach your vision. So your brand’s vision, those objectives. Now, each of these is right and all of them are right.
So your brand strategy is tailored to the individual brand. So each brand lives in its own ecosystem. It’s own marketplace has its own unique characteristics. It’s own unique brand platform and exists and lives with its own unique set of competition. So no brand strategy is the same and each one incorporates all those three things, but in different magnitudes and different ways.
So if you think about sports teams, I’m a big football fan or soccer if you’re in America. And if you were to look at say, playing a Liverpool team, At the moment, they are fast attacking counter attacking play that uses a lot down the wing. So if you were sitting up against this team, for example, your strategy would be one way of dealing with that particular threat and you would set your team up to sort of compete with that team based on its unique structure and how it sets itself out.
If you were to play Manchester city, then you might be in for a game of. Low possession football. So you probably won’t have the ball as much as they will. And therefore you need to be able to counterattack and break when you get a chance. So you’d set your structure and your strategy up differently than if you were playing Liverpool.
So this is the same with a brand strategy. Each one is different and each one is unique to the brand in question. Now the strategy itself is going to be about reaching your objectives and goals, which is obviously going to be through reaching your ideal customers. But there’s also aspects of your strategy that might include business development or product development, or reaching out to partners, affiliates, sponsors, all these things can build up in a strategy that will help you achieve your goals of longterm vision while still reaching your ideal customers and making sure that your internal team also is part of that brand strategy.
Cause if, if a brand strategy is about building growing and shaping your brand, That also includes the internal part of your brand as well. So your internal culture. So your job when defining a brand strategy is to understand who their ideal customer is, what goals and objectives they have and how their brand is set up. What’s that brand platform like what makes them unique and where are they headed?
A brand needs to define three things before building a brand strategy. Who are you trying to reach or your ideal customers. What are your goals and objectives and how do you define longterm success? Your strategy should encompass the answers to these three questions and it should also help the brand reach the target audience double down on what makes them unique, delight your audience, and resonate with them in a way that builds trust and loyalty, build internal culture and motivation and help you decide where and how to market your brand.
Comment below and give me a yes. If you already have a brand strategy in place, and no if you’re looking to create one and throw in who is your ideal customer?
Here are three key things to think about when you start to create your brand strategy. So, number one, how can I reach my ideal customer? So if you’ve already defined your target audience and you have your brand personas already built out, now’s a really good time to refer to them.
If you haven’t yet. We have a video on both of these things. You can see here and here. And I’ll put a link in the description below for you to be able to click through and check those and build out your target audience and your buyer personas.
So how are you going to reach your ideal customer? Part of your Brand strategy will be defining how you’re going to do this.
And this doesn’t just mean from a marketing point of view or where you can reach them through the different channels you’re going to use or affiliates or partners, but it also be through how you present the brand. So. The personality of the brand, how visually is going to be set up in order to create the most impact and resonate with your target audience, all these things kind of play into your brand strategy and how you’re going to build it out in the way that you need to, in order to reach that ideal customer, this could be through video. So the way that you build out your, video presentations, your animations, it could even be down to your proposals or your. Pitch deck could all be set up in order to reach that ideal customer. And really appeal to them. So thinking about how you can reach the ideal customer through the different channels, but also presenting yourself in a way that is appealing to them and using messaging that will connect with them is a really good thing to identify in your brand strategy.
Number two, how are you going to resonate with that ideal customer? So your brand strategy should also include how are you gonna communicate to your ideal customer? So what does your brand stand for? What promises does it make to your audience? How is it going to deliver this? So through identity, so visual identity, the personality of the brand with things like this is where your brand archetype comes in the brand personality, the tone of voice, how you present yourself to really connect with that audience.
On a sort of deeper level, so they can resonate with it and really engage with the brand. This is some of the things you want to think about and want to inform your brand strategy. And this is really important because this is the point that often shapes a brand makes it unique and makes it that thing that people talk about, but has a little bit more of a personality about it and something else.
So if you think of things like Ben and Jerry’s or dollar shave club or Apple, they have a distinct. Personality a distinct identity that makes them stand out from the rest of the market. So this really wants to be something you think a lot about in your, in your brand strategy. And it must be something that really informs it throughout.
Number three, what purpose is driving the brand and are my goals and objectives. Big enough. So as part of your brand platform, you should have developed a brand vision that is preferably say about three years in the future. Now, ideally it would be, you’d have one for five years, one for three years, one for one year.
And these sort of markers or these sort of steps to this bigger vision will guide your strategy on why you’re trying to go. Now, the strategy should inform how you build your brand, shape your brand in order to reach these points and using it should all connect to your brand’s purpose. So your purpose is your reason for being beyond making a profit.
The thing that kind of drives your brand, it’s almost like the fuel of your brand. It’s the thing that. Um, it’s like your North star that helps you to align your vision and your brand so you can reach it. And these things want to be thought about right in the early stages of your brand strategy and your purpose should run through everything, but the purpose should be almost your fuel to reach your vision.
So why are you starting this brand? Why is the brand exist beyond making a profit? And how does that inform your brand as a whole? So the way it’s shaped. The way it reaches the ideal audience, how it resonates with them, but also how does it help you reach that ultimate vision? You’re trying to get to your strategy will outline these main, this main vision, as well as the goals and objectives that are like markers along the way that you can use as measurements that you are hitting, what you’re trying to achieve.
So your kind of your success, your measurement of success, and these things should be included in your brand strategy. So now, you know what a brand strategy is, and you have a few things to think about before you start to find in yours. Well, the next step is to start defining your brand platform or understanding what your brand’s all about.
So if you want some help with this, there is a link to a free PDF download in the description, which is a PDF. That’s all about define your brand. So I’ll ask you some questions and it’ll help you think about and plan out. Uh, you sort of brand platform and give you an idea of what your brand is all about and give you a great place to start when building your brand strategy.
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