Summary: What is the definition of branding for a business? Branding is the image and feel of a company or service. It is a way for customers to identify your business from its’ competitors and is reflected in every visual aspect of the company. From your website and digital marketing, through to customer service advertising. This article digs deep into the definitions of branding for businesses and has outlined the use of RACE Framework which is recommended to create a branding strategy.
Branding means fully integrating your customers’ experiences of your brand. Today, I’ll recommend you business marketing tools and training to show you how, as well as taking an in-depth look into the definition of branding.
What’s the definition of branding?
Across numerous terms and definitions, one thing that rings true for pretty much all of them is a heightened focus on your customers’ experiences of your branded goods or services, compared to your competitors.
But what is meant by brand definition today? And what can brand marketers learn from this?
We’ve all seen that, to succeed in today’s competitive omnichannel environment, it’s more important than ever that brands champion their key customers (both potential buyers and those with existing lifetime value) in all of their marketing activities. You need a data-driven, customer-focused approach to marketing to outpace your competitors.
As a result, we guarantee that all our marketing training is integrated across our tried and tested RACE Framework, which enables marketers to measure their marketing activities across all customer touchpoints in their lifecycles. So you can plan, manage, and optimise your brand strategy. Let’s find out how.
Implementing the RACE Framework for Consumer Branded Goods Marketing
We recommend the RACE Framework for all brands creating or developing their brand strategy. This step-by-step process empowers marketers to apply data and best practices to optimise their key marketing activities that influence their customers’ experiences of their brand, and benchmark their competitors.
The RACE Framework offers a streamlined marketing structure for brand marketers and managers, integrated through plan, reach, act, convert, and engage. This funnel includes marketing solutions to boost all your brand strategy planning, outreach, acquisition, and post-purchase brand loyalty.
What is branding?
A brand is defined as the image that a company or entity showcases in order to portray its services and core values. In essence, a brand is the face of a business. It’s what the public sees when they look up your company and what they think about when they contemplate your service.
This differs from our usual definition of a business, which is a more general term that involves all of the back-end steps that the public doesn’t see. A brand image, as a definition, lets the consumer know what to expect from your organisation and serves as a promise that you’ll deliver what is offered.
Popular Branding Definitions
Brands and branding activities are not new phenomena, so it’s not a surprise that a number of definitions have emerged. Here are some contrasting top picks:
Econsultancy brand definition:
- Brand is the sum total of how someone perceives a particular organisation. Branding is about shaping that perception.
Shopify brand definition:
- The purpose of branding is to simply and easily help your customers understand what you offer and how you’re different.
American Marketing Association brand definition:
- A name, term, design, symbol, or any other feature that identifies one seller’s good or service as distinct from those of other sellers.
Brand positioning definition:
I’ve also included the below definition of brand positioning by Dave Chaffey, since it puts the emphasis on the marketing activities that establish the brand’s relationship with its customers. Which is a key next step for any brand strategy.
“A strong brand positioning is vital for a brand to differentiate from its competitors to explain its benefits. It’s best to think of it from the audience’s perspective.”
- Focus on the benefits
- Focus on the consumer
- Focus on how the company does business
- Focus on the competitors
Marketing Training to Strengthen Your Brand Today
What really stood out to me reading all those brand definitions is the emphasis on the customer, both in terms of strengthening their relationship with your brand but also differentiating yourself from competitors. That’s why I’m recommending 2 modules from our popular Learning Path training that will help you strengthen your branded consumer goods and services starting now.
Benchmarking for Brand Definition
Our ‘competitor benchmarking with RACE’ module, from our RACE Practical Digital Strategy Learning Path, uses a data-driven approach to benchmarking, enabling brand marketers to measure and compare the most important metrics and KPIs during your customers’ decision-making process.
This diagram, from the module above, demonstrates the omnichannel (also known as multichannel, or cross-channel) nature of many customers’ relationships with their chosen brands. That’s why savvy branding leaders dedicate so much time to ensuring their customers’ journeys are consistent and efficient. Use our marketing tools and templates to streamline your strategy and satisfy your customers.
Media for Brand Definition
Our ‘define acquisition and budget and plan’ module, from our RACE Practical Digital Strategy Learning Path, enables marketers to optimise their media strategies and tactics across the range of paid, owned, and earned media.
As you can see, omnichannel media channels offer branded goods marketers a plethora of opportunities to reach, interact with, convert and engage customers. We offer channel specialist marketing training, including our dedicated Learning Paths for SEO, social media, and content marketing, through a number of Smart Insights Membership options.
Our RACE Practical Digital Strategy Learning Path is packed with all the resources you need to upskill yourself or your team, to drive performance and grow your business.
Brand Definition of Success
Just as people want to feel connected with one another, consumers want to feel connected with the goods and services they buy and use. This explains why 65% of customers who feel a sense of connection with a brand perceive that the brand cares about them as an individual – that they’re more than just another sale.
Similarly, branding conveys the values of a business, which prospective customers want to relate to. To 64% of customers, shared values are a primary reason they develop loyalty to a brand.
By understanding the fundamentals of branding and applying these tips, your brand will be sure to stand out. Take the time to look after the basics of branding and you’ll know how to craft a stronger brand identity right from the start.
Whether you need to create an integrated omnichannel plan, learn best practices for digital channels, or develop your team skills, we’ve got you covered. Join thousands of Smart Insights business members applying the RACE Framework to plan, manage, and optimise their marketing strategies to win more customers.
What’s more, our marketing training, templates, and tools are already helping thousands of business members in planning and strategising for growth. We’ve got marketing solutions proven to drive growth for branded consumer goods companies. Why not take a look and find out what we can do for you?
Citation: If you would like to find out more about the source of this article which explains the definitions and guidance for consumer branded goods, see here.
Need Help With Your Branding Strategy? Contact Mike Raybone Today
If you found this article about the definition of branding useful for you business, but would still need some guidance with you branding strategy, contact me today. My three month marketing consultancy programme can help you understand complex marketing strategies to assist you in generating business growth.