Branding is a very important area of any business. It is a vital asset and most companies thrive on that. However, after that it is important to give quality products and services too. They make your customers stay for the good reasons. Also, you can increase your profits based on those only. Hence, it is important to focus on both these things. Giving less attention to any one of them will hamper your brand image and overall market value. If you are looking to create a lasting impression and a good brand for your business, look for branding agency in Ahmedabad. They are professionals and thus, they understand what they are doing. They can guide you in the right way.
However, there are certain misconceptions of brands. It is imperative to solve all of them immediately as it can hinder with the overall process of your growth.
1. Logos are Tags
Many businesses feel that designing a logo is the only thing to do. Once you have decided the name and given it a logo, the business will turn in to a brand. It is a very wrong thought. The first step to branding is a logo. However, a brand is developed by its publicity and popularity. After that follows, fulfilling the needs of the customers. If you fail to do this step, then the others do not even matter. You can have the most creative logo and the best PR management but, if your customers are not happy, then it is of no use. Brand development is a process and each step must be fulfilled.
2. Branding requires an investment
Well, brand development process requires certain amount of money but, that does not mean that it is very expensive. At the same time, it is important to understand that companies offering cheap branding services are just doing marketing. There is a vast difference between marketing and branding. Both are equally important for the growth of any business and thus, you must have a budget to invest in both.
3. Branding leads to obligations
Branding creates obligations is a useless misconception. Many businesses feel this way because each brand has an emotional connect with the audiences. At the same time, brands are expected to maintain a very strict standard of quality and services. Although, this does not mean that it creates obligations. Instead, it will help you to do good work. Also, storytelling in the form of branding is a good idea as it will help you connect with your audiences in a better way.
4. Branding has nothing to do with sales
This is one of the misconceptions of brand. Many people feel that a brand value has nothing to do with sales. Instead, the opposite is true. The higher the sales, the better the brand value. Customers usually prefer to invest their money in a brand that is popular and in trend, instead of going for something that is totally new.
5. Branding is a onetime investment
A lot of people feel that they can hire a branding agency for one term and achieve great results. Well, that is not true. You will have to have a branding budget for every term. This is because branding needs to be changed with the upcoming trends. Also, it is important to maintain a certain personality in the market at all time. All of this can be done with the help of a top notch branding strategy only.
6. Branding is complex
It is nothing but a misconceptions of brand. Branding is a simple process, if understood properly. All you need to do is create a lasting impression on your audience’s mind. At the same time, you need to give them clarity about your products and services. Branding creates a strong platform for the company and the customers as well.
7. Branding needs a master plan for growth
You do not need a master plan but a tangible strategy. You can always contact a good branding agency and they can come forward to help you. It is important that you acquire a logo, one identity and one message that is common through all platforms. It will help in building your popularity and publicity.
8. Focus on competitors
A lot of businesses focus on their competitors for branding strategies. It is meaningless as it can hamper the growth of brand development. It is a good idea to keep a check on your competitors but, just focusing on them blindly is of no use. Instead, focus on making your brand better and you will surely thrive.
These were some of the misconceptions of brand. You must understand these things and try to focus on your business completely.