ENTREPCLIICAL
ENTREPCLIICAL
MORNING!
DEVELOPING A
BRAND NAME
OBJECTIVES:
1.Learn about target market segmentation and
apply it to their brand name.
2.Design logo or visual representation for their
brand name.
3.Practice writing skills by creating slogans or
taglines for their brand name.
What is a
Brand?
A brand is NOT a logo.
A brand is NOT an identity.
A brand is NOT a product.
A brand is a person’s gut feeling
about a product, service, or
organization.
Why is it important?
A brand is important because they
create a flatform of trust in which to
generate long term value.
Branding is a powerful and
sustainable high-level marketing
strategy used to create or influence a
brand.
BRAND VS BRANDING
COMMONLY USED BRANDING
STRATEGIES
1. Purpose
TWO TYPES OF PURPOSE
a. Functional
b. Intentional
COMMONLY USED BRANDING
STRATEGIES
2. Consistency
COMMONLY USED BRANDING
STRATEGIES
3. Emotion
COMMONLY USED BRANDING
STRATEGIES
4. Flexibility
According to Kevin Budelman,
“Effective identity programs require
sufficient consistency to be identifiable,
but sufficient variation to keep things
fresh and human.”
COMMONLY USED BRANDING
STRATEGIES
5. Employment Involvement
COMMONLY USED BRANDING
STRATEGIES
6. Loyalty
COMMONLY USED BRANDING
STRATEGIES
7. Competitive Awareness
ACTIVITY!
1. Develop a brand name and write a persuasive
slogans for your product.
2. Prepare a short explanation by describing the
product and why you come up with its name and
slogans.
3. Group leader should present the output in the class.
Thank
you!
DEVELOPING A BUSINESS
PLAN: Selecting the Best
Product or Service that will Meet
the Market Need
How do you choose
the right product to
sell?
1. PRIMARY CONSIDERATIONS IN
CHOOSING A PARTICULAR PRODUCT
1. Financial benefit to your business
2. Relatively low investment requirements
3. Positive return on investment
4. Fit with present strategy
5. Feasible to develop and produce
6. Easy to source and procure (relatively low
risk, and time to see intended results
2. MEET THE NEEDS OF THE CUSTOMER
AND SOLVE A SPECIFIC PROBLEM
1.Product must address a need or an opportunity
2.Know how your products or services can assist
customers
3.Product must have a real value that customers
can recognize, want and need
3. PRODUCE THE PRODUCT THAT YOU
ARE CAPABLE OF
1. Know if you have the time, resources and capability to
produce your product.
2. Find out if you can afford the manpower required.
3. Find out if you have the resources to outsource the
product development.
4. Know if you can produce a strong demand at a
specified period required with the same standard.
4. CONSIDER THE SIZE OF YOUR
POTENTIAL REACHABLE MARKET
1. Get an idea of the size of your market.
2. Know who are likely to use or benefit from you
product.
3. Define who will be your potential customers that will
be interested in your product.
4. Understand who and how big your market can pay off
in the long run.
5. COMPLY WITH GOVERNMENT RULES
AND REGULATIONS
1.Be abreast with new laws or government
rules and regulations can impact your
product.
2.Comply with required permits, licenses, and
obtain approval from the government.
6. YOUR PRODUCT MUST BE SUPERIOR IN ITS
FUNCTIONALITY, PRESENTATION OR MARKETING THAN
ANY SIMILAR OR EXISTING IN THE MARKET
6. Product Development
7. Test Marketing
8. Commercialization
KEY STAGES IN THE LIFECYCLE OF ANY
PRODUCT OR SERVICE
Purchase – refers to
goods and merchandise
purchased.
COSTS AND EXPENSES
Freight-in – refers to amount
paid to transport goods or
merchandise purchased form
the supplier.
OPERATING EXPENSE
Internet, utilities like electricity
and miscellaneous expense.