A brand identity represents how a company wants to be perceived in the market and what it stands for, and implies a promise to customers. AVS focuses on building strong brand identities because of the significant bottom line impact that a strong brand identity provides.
Building a strong brand identity provides the following six benefits1:
- A strong brand identity commands a price-premium.
- A price-premium creates the perception of quality, which supports the price-premium and establishes the brand continuum.
- Perceived quality has been shown to positively affect customer usage–customers tend to select brands they perceive to be quality brands.
- Perceived quality is the single most important contributor to a company’s return on investment. Going to market with a price-premium should result in healthier margins versus margins earned by lower quality, lower-priced competitors.
- Customers relate value with quality. If one brand is perceived to be of greater quality than another brand, customers tend to perceive that the higher quality brand is a better value.
- Perceived quality can be a point of differentiation.
Our Process
We begin building a client’s brand identity by blending a brand’s drivers, antes, and other associations into a short brand story. Next comes the challenge of properly expressing the brand story through the design of other tangible tactics, such as:
These tactics are then incorporated into the Brand-Focused Marketing Strategy, where the comprehensive strategy is formalized.
Put our team to work on Building Brand Identity.
1Building Strong Brands, Dr. David Aaker, Free Press 1996 |