What Is Brand Strategy?
Or How to Put Your Branding Efforts to Work.
You know all about branding. You understand the value it adds to your business and why you
should invest in it. In fact, you see branding as the key to gaining a competitive edge. But how do
you make it work for your business? How do you put that branding knowledge into practice to get
results? Well, it all starts with your brand strategy.
What is brand strategy, you ask? It’s the how behind the what. In other words, it’s the plan that
helps you convey what your brand is all about — consistently. To this end, it ties everything
together to make your brand come to life in the eyes of the consumers: your content, your
culture, and your core business.
Basically, your brand strategy is the engine that puts your branding efforts to work. But let’s go
beyond the brand strategy definition and see how you can get started.
Why should you activate your brand startegy?
It is almost a cliché to state that establishing a strong brand presence is essential. Every business
is acutely aware of this notion. But very few have established the principles that, when put into
action, will maximize the potential of their branding efforts. Truth is, it’s all in the brand strategy.
Yet defining a comprehensive brand strategy is not an easy endeavor. Not when there is never
enough time or resources to keep up with ever-growing customer expectations. But this is exactly
why you need to make brand strategy your top priority — to make sure that your brand beliefs
are always aligned with your business goals. After all, customer expectations are always going to
Made with Xara Cloud | Last updated 23 October 2020
change. Your brand should not.
This is particularly important with the rise of the omnichannel approach that is shaping the
customer experience today. New media channels and platforms are emerging every quarter.
And the customer is always right there. So every message, every visual, every story should be
aligned with your brand — at every touchpoint.
Source: Photo by Matheus Bertelli from Pexels
In spite of all the variables that will impact your brand journey, your brand strategy should be
built to last. It might take time, resources, and commitment, but it will never lead you astray in the
face of constant change.
Brand Strategy — Get Started in 1-2-3
A brand strategy should be as unique as the brand itself. But at the heart of each brand strategy
framework lies these 3 steps that act as a foundation to your brand strategy template.
Step 1: Know Your Space
Understand your target audience and identify your competitors. You need to respond to
your customers’ needs and you need to do it better. To this end, you should zoom in on your
competitors and identify gaps in their offering. You can use this knowledge to communicate
your brand offering.
Step 2: Define Who You Are
In short, identify what you stand for — your principles, values, and beliefs. These elements
clarify who you are and should inform your business goals moving forward. With a solid set
Made with Xara Cloud | Last updated 23 October 2020