Five Steps To Build A Strong Brand
Five Steps To Build A Strong Brand
Five Steps To Build A Strong Brand
In this article, I want to highlight the five steps needed to create a strong
brand. This article builds on the theory of Customer relationship
management & sales, you may want to read the earlier article on Levels
of Customer Relationship before reading further.
Brand Identity means what the brand means to the customer. Brand
identity sets the customer expectations. A classic example is from
Wal-Mart’s "Everyday Low prices".
This statement sets the customer expectation. Customers expect
bargain prices at Wal-Mart. Another classic example is ‘Starbucks’
- Starbuck coffee has a special meaning to its customers; to them
Starbucks means excellent coffee served in a warm, relaxing and
pleasing environment.
The key is to clearly articulate the brand identity, and that will help
you define how customers interpret it. A clear brand identity sets
right level of expectations by the customer.
2. Establish a customer value proposition
Note that the marketer can only test the level of customer
experience based on his/her understanding of customer’s
expectations. There may be an understanding gap between what
the customer wanted and what the marketer understood.
4. Cultivate relationships with customers
Closing thoughts