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In highly competitive,
crowded, fast-paced and complicated markets, branding is a key factor in
setting a company and its products apart from the competition and in
motivating trust, purchase and referral.
Effective branding:
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Creates preferred
choice and appreciation
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Drives first choice
or preference and retention
-
Recognizes that
everyone is a “customer:” the supply channels, investors, influencers,
buyers, and employees
-
Increases the value
of the buyer relationship beyond price and need
-
Motivates stock
purchase and retention among investors.
-
Protects market
share from competitive efforts to undercut price or to copy product benefits
or services
-
Supports credible
new product and service introductions
-
Instills patience
and goodwill among buyers in times of adversity or during product
installation difficulties.
Quest defines Branding
as the planned and systematic association of a set of qualities and values
with a name.
Effective Branding ensures that the target audience:
-
Easily recalls the
brand owner
-
Recalls the brand’s
qualities & values
-
Understands the
brand’s qualities & values
-
Correctly assigns
qualities and values to the right brand.
The proprietary Quest BrandingCraft process includes six very important
steps
-
Client & research
input
-
Competitive review
-
Brand Character
Statement
-
Name development
stages
-
Recommendations & rationales.
For more of Quest's brand and brand architecture
work
contact us at info.tqba.com
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