Essential elements of brand strategy: research, planning, and visual communication
Brand strategy is crucial for connecting with a target audience. Marty Neumeier, in his book The Brand Gap, defines it as "a plan for the systematic development of a brand in order to meet business objectives." It involves conducting research on the business and industry, and creating a long-term or short-term plan to reach targeted goals. Without a strategy, embarking on a new venture is like starting an adventure without a map. It prepares for unexpected challenges, guides business decisions, and helps products or services reach the right audience, ultimately building trust.
Business basics include the brand's mission, vision, audience perception, voice, tone, key messages, personality, commitments, and promises to customers. Understanding the target audience is essential. This involves analyzing demographics, psychographics, the buyer journey, and how the brand can solve their problems.
The brand story sets a brand apart and explains how it solves audience problems. It should cover how the brand started, who it is, and why it does what it does, with an emphasis on the "why" to create a personal and descriptive narrative.
Conducting a thorough analysis and developing a strategy are vital steps. This includes competitive analysis and SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis. Researching competitors, identifying what they do well and where they fall short, and determining what sets the brand apart is essential. This analytical approach ensures that the brand can capitalize on industry gaps and improve upon competitors' shortcomings.
Essential elements of brand strategy: research, planning,
and visual communication