Tag: Brand promotion

  • How to Boost Sales on Black Friday for Your Business

    India is the second-largest country in the world. The average age in India is about 28 years. We are an immensely big young nation and we do what every other country does but more in volume. With a population of more than 144 crores, India is a hotspot in demand generation. This makes it a prominent place for old businesses and new businesses.

    India is not only big in terms of people, but we also are a huge celebrating nation. Speaking of both regional and national events, India has the most festivals in the world. Needless to say with this young generation driving fast-paced technology, Indians are not normal citizens anymore.

    We are turning more into global citizens. Global citizens are not just confined to their nation but are open to accepting global traditions. They break open the national boundaries of culture and tradition the fastest of all. We love shopping cultures. This explains why millennials are all excited about global festivals like ‘Halloween’, ‘Thanksgiving’, and ‘Black Friday’.

    This article is about one particular festival. A global festival starter to be precise. The Black Friday. How it affects our new businesses and startups in providing them with a boost. A cultural boost read on to discover.

    The Black Friday
    India and Festivals Culture
    Black Friday Sales Wrestle
    Black Friday Business Intrusion
    How Black Friday Can Help You Get Initial Boost for Your Startup?

    The Black Friday

    Black Friday is the Friday that precedes Thanksgiving in the United States. Retailers all around put sales on the occasion to kick-start the festive season. The next month is December and it means Christmas around the world. This is the sweet spot just after Thanksgiving and right before Christmas.

    Black Friday has been the busiest day in the US and continues to be the show starter even now. This festival provides a good boost for retailers and businesses in the US. Since India is open to all cultures, we also flow with this wind.

    India and Festivals Culture

    As mentioned previously we all know that India is a land of festivals and homogenous culture. When globalization and technology hit, we opened our wings to the world. Make no mistake that culture travels faster than goods.

    India has seen increasing celebrations of Western festivals and occasions continuously. From malls covered in themes of Halloween to the lights and blushes of Christmas. Our culture has globalized. So does the behavior of consumers.

    Now we look forward to not only the Diwali sale but also the ‘Black Friday’ sale. Shopping in India is a culture and globalization has boosted it for sure. Now brands and new businesses look forward to launching in the festive season.

    In order to get some revenue out of festive hype, to capitalize on celebration excitement, this is a good thing for them and the economy. Let us dissect and find out the consequences that it offers.


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    Black Friday Sales Wrestle

    Black Friday is synonymous with huge discounts. It is also synonymous with shopping like absolute animals. Shoppers go mad and they raise a ruckus. The news reported that an employee had to climb on a table to avoid a crush of shoppers at a Chattanooga Victoria’s Secret Pink store.

    People wrestle over discounted clothes and fight for plants and pots. This is what a good Black Friday deal can do to consumers.

    As per the reports, Black Friday 2023 online revenue reached over $9.80 billion, a 7.46% increase from last year. It was 188% higher than the average daily online sales and 179% higher than Q4’s daily sales. However, Black Friday’s revenue was 21% lower than Cyber Monday. From 2022 to 2023, online retail spending grew by 7.69%.

    Black Friday Online Sales from 2013 to 2023 with Projection for 2024-2025
    Black Friday Online Sales from 2013 to 2023 with Projection for 2024-2025

    Black Friday Business Intrusion

    If you think that consumers are the only demographic that enjoys Black Friday, you’re probably wrong. Brands all over the world start preparing to fulfill the demand months before this day. They know how to make and generate demand for their goods. So they also wash their hands in celebrations, with campaigns.

    Businesses try to capture people with campaigns. If you’re a startup, winning this day of the year can ramp up your whole game. This is a high tide and if you know how to surf, you are all set. Here we’ll discuss how brands manage to get a large economic pie.

    How Black Friday Can Help You Get Initial Boost for Your Startup?

    Campaigns Plan

    As people celebrate, brands lend a hand with campaigns. They start decoding the market in September itself. So September and October are the planning months.

    Brands and newbies need to be sure about their goals. There can be explicitly two goals – To acquire new customers or to increase current profits. It will be the compass for planning further. Figure out deals, deals that are mouth-watering. This is the month when credit cards get warm.

    Channeling Traffic

    You can’t really imagine your sales without creatives. It is imperative to spread the marketing butter all over social. Make your signs a little squarish for better communication. Spend October spreading the news, discounts, and whatever. Try paid marketing, diversifying your posters, and emailing. The point is to buy traffic earlier than others.

    Buyer Momentum

    If your goal is to maximize profits, then you need to notice and enhance the AOV. Average order value can be enhanced by grouping products. Grouping products with others will lead to more freedom to give discounts. As well as it will also increase your revenues.

    Conversion Rate

    While established brands go for more orders, new businesses or startups go with more conversion rates. Converting more people into consumers will take spending. So before a successful Friday sale, comes spending. Figure out a CAC, and customer acquisition cost and plan your deals and discounts accordingly.

    Create Urgency with Limited-Time Offers

    Urgency is a powerful sales tool. To build excitement and urgency, try offering new deals every hour on Black Friday. Updating deals throughout the day keeps customers interested and encourages quick purchases. Use announcements, app notifications, and clear ads to make sure people see these deals and feel the need to act fast.

    Exceptional Customer Service

    Deals and promotions are important, but great customer service can set your small business apart. In a physical store, focus on helping customers quickly, having friendly and knowledgeable staff, and creating a welcoming atmosphere. Happy customers are more likely to come back or tell others about your store, which helps your business grow.

    For online sales, it’s a bit different. A good website design, smooth navigation, and excellent customer support can make a big impact and keep customers satisfied.


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    Conclusion

    Black Friday is followed by Cyber Monday which means more space for spicy offers. Brands should keep in mind that Black Friday and Cyber Monday aren’t just for eCommerce but can be a big sales day if you apply the right Black Friday tactics, Black Friday promotion ideas, Black Friday promos, Cyber Monday ads, and Cyber Monday marketing techniques. That will be the recipe for your successful sales season. As always, it’s not too late to get started.

    FAQs

    What is Black Friday?

    Black Friday is the day stores began to turn a profit for the year as it is the biggest shopping day in the United States.

    How to boost sales on Black Friday?

    Build anticipation about your product, make exclusive offers, and reward your previous customers.

    Do companies make money on Black Friday?

    Yes, Black Friday is the most profitable week or month for the majority of retailers.

    When is Black Friday sale in 2024?

    The Black Friday sale starts on 29th November followed by Cyber Monday which is on 2nd December 2024.

  • All in For Love: Maximizing Brand Promotion with Social Media Marketing on Valentine’s Day

    This article has been contributed by Neetu Singh, CEO and MD, Sutatva Wellness Ayurveda.

    Valentine’s Day, the celebration of love and affection, presents a prime opportunity for brands to connect with their audience in meaningful ways. In the digital age, social media marketing emerges as a powerful tool to amplify brand presence during this love-filled season. Brands can harness the emotional impact of Valentine’s Day to craft compelling campaigns that not only captivate but also cultivate a more profound relationship with their target demographic.

    Who’s Your Audience
    Strike Like Cupid
    Love Themes
    Hashtags It Is
    Contests and Giveaways
    Collabs
    Showcasing Limited-Time Offers
    Polls It
    Measuring and Analysing Campaign Success

    Who’s Your Audience

    Brands must first comprehend their target audience in order to effectively penetrate the Valentine’s Day market. People from different demographics celebrate the occasion in unique ways, whether it’s couples expressing their love or individuals practicing self-love. A versatile social media strategy can cater to a broad spectrum of consumers, ensuring the brand’s relevance to diverse Valentine’s Day experiences.

    Leading Social Media Platforms Used by Marketers Worldwide (as of January 2023)
    Leading Social Media Platforms Used by Marketers Worldwide (as of January 2023)

    Strike Like Cupid

    Valentine’s Day is all about emotions, and brands can capitalise on this by creating emotionally resonant content. Content that elicits feelings of love and joy, such as heartwarming stories, relatable anecdotes, and uplifting messages, has a higher chance of captivating the audience. When it comes to a lively and captivating social media feed, visual elements like romantic imagery, vibrant colours, and thematic graphics play a crucial role.

    Love Themes

    Infusing Valentine’s Day themes into social media content adds to its festive online presence. From changing profile pictures to using themed hashtags, brands can visually align themselves with the season. Hearts, flowers, and romantic quotes in graphics and captions create a cohesive brand narrative for Valentine’s Day.

    Hashtags It Is

    Hashtags are essential tools for expanding the reach of social media content. Brands can create unique hashtags for their Valentine’s Day campaign to encourage user participation and content sharing. It not only helps in tracking the campaign’s performance but also facilitates user-generated content, creating a sense of community around the brand.

    Contests and Giveaways

    Valentine’s Day is the perfect occasion for brands to organise exciting contests and giveaways. Encouraging user participation by asking them to share their love stories or creative expressions of love tied to the brand can generate a buzz. By offering special Valentine’s Day-themed prizes, the brand sparks enthusiasm and encourages active engagement from followers on social media.

    Collabs

    Influencers wield immense power in shaping consumer opinions and possess the ability to greatly enhance brand visibility. By collaborating with influencers who share the brand’s values and target audience, the brand can create genuine narratives and receive product endorsements. Influencers showcase how the brand fits into their Valentine’s Day celebrations, providing social proof and reaching a wider audience.


    Iconic Valentine’s Day Ad Campaigns
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    Showcasing Limited-Time Offers

    Valentine’s Day is a great time for brands to offer special deals and promotions. Whether it’s a discount on selected products, a special Valentine’s Day bundle, or free shipping, these promotions create a sense of urgency, driving potential customers to make a purchase during the Valentine’s season.

    Polls It

    Incorporating interactive elements like polls and Q&A sessions is an effective way to boost engagement. Companies can use social media to ask followers about their Valentine’s Day preferences, favourite products, or even get ideas for new products. It not only encourages participation but also provides valuable insights into consumer preferences.

    Measuring and Analysing Campaign Success

    A comprehensive social media marketing strategy requires diligent measurement and analysis. To track key performance indicators (KPIs) like engagement rate, reach, and conversion, brands should leverage analytics tools. The evaluation of different components of the Valentine’s Day campaign allows brands to improve their approach, determining what connects most with their audience and guiding future marketing strategies.

    The Final Words

    Social media marketing provides an invaluable platform for brands to amplify their presence and connect with audiences during Valentine’s Day. Brands can create a memorable Valentine’s Day campaign by understanding their audience, creating emotionally resonant content, and utilising strategic hashtags. To truly capture the essence of love and celebration, it is so very important to cultivate a sense of connection that transcends the holiday season, nurturing enduring customer relationships.


    Love and Economics: Navigating Valentine’s Day in India
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  • What is User-Generated Content? | How to Promote Your Brand Using UGC?

    What is the best method of marketing? Probably, when your customers talk and rave about your product. When they sell your product by recommending it on your behalf. Right? I am talking about word of mouth.

    Word of mouth is when your customers love the product/ service so much that they give references and tell people about you. Word of mouth is powerful and can impact your business revenue and brand image.

    User-generated content is today’s social media era’s word of mouth. People share their positive or negative experiences on the internet with their friends and family. But the scope of UGC is beyond social media. So, Let us first understand what exactly is user-generated content.

    What is UGC (User-Generated Content)?
    Why Do Companies Love UGC?
    How to Leverage UGC?

    Tips for Managing UGC

    How to Become a User-Generated Content Creator?

    What is UGC (User-Generated Content)?

    User-generated content (UGC) is the content produced by the end user of the product.

    For instance, if a person buys a phone and posts its review on YouTube, that is UGC. Similarly, if you post a picture of that cute cafe you visited last week on Instagram, that is UGC. In a way, you are marketing those products. You let your circle know about a particular product you liked or disliked.

    UGC is not restricted to Instagram posts, YouTube videos, or visual images/ videos. It includes:

    1. Images
    2. Videos
    3. Social media posts
    4. Testimonials
    5. Product reviews
    6. Blog posts
    7. YouTube content
    8. Live stream

    So, whenever your customer talks about your product on the internet, it becomes user-generated content. Apart from customers, posts by brand loyalists and employees are also part of UGC.

    For instance, your employees could post about the production behind the scenes. Similarly, the brand loyalist could show the product in use.

    But what makes UGC so crucial for a brand? No doubt, it saves money and time for you but is that it? Let us look at some benefits of UGC.

    Why Do Companies Love UGC?

    Forecast for the Global User-Generated Content Platform Market
    Forecast for the Global User-Generated Content Platform Market

    How many times have you ordered something that you saw on someone else’s table because it looked delicious?

    This is how UGC works. People post about your business and create awareness with authenticity. Let us see some benefits of UGC:

    1. UGC gives a better understanding of the target audience. Since UGC comes directly without any filters from the end user, you get their honest feedback and review. It is not necessary to just look at the testimonials. For instance, people tweet about their grievances on social media.
    2. UGC improves site engagement. When users post about your product, people search for it. As a result, site traffic and engagement get a boost. Also, this increases the conversations about and with your brand on a larger scale. This allows brands to connect with their audience and build credibility.
    3. UGC is hard to copy or plagiarise, this gives you a competitive advantage. You build your content library which is authentic and builds authority in the market.
    4. UGC enables brands to build brand loyalty and grow communities simultaneously. You get to connect and communicate with your audience. Also, you do not pay your users to generate content and boost brand promotion. In a way, it becomes more cost-effective than influencer marketing.
    5. UGC covers the top and bottom of the funnel content. It creates brand awareness and provides different use cases for your business. This adds to the social proof and enhances conversions.

    Even though UGC takes away the control and moderation of the media, if your company can leverage it correctly, the benefits are immense. But is there some way to leverage UGC? Well, there is no correct way or playbook but here are 5 ways to extract maximum value out of UGC.

    How to Leverage UGC?

    Often when we as brands create content for the audience, it has gaps such as technical or product-centric content. However, UGC is not only simple but focuses on the product more naturally and authentically. Those brand reviews, press releases, and recommendation articles boost brand awareness and build trust. But, how do we ensure to extract the maximum value? Let us look at 5 ways you can leverage UGC.

    Get Reviews

    Try and get customer feedback at different stages and platforms. Reviews are a great way to gain insights into customer’s pain points and product deal-breaking features.

    What are the features that make the customer switch? What are the features that customers love? Which features are difficult to use?

    You could use these as product development feedback, and push the positive reviews as use cases for better conversions. You could highlight the reviews by popular/ notable entities on your website, landing pages, and in your email sequences.

    Hashtag Contests

    Coca-Cola #ShareaCoke Hashtag Campaign
    Coca-Cola #ShareaCoke Hashtag Campaign

    Run hashtag contests on social media. Pick brand-specific hashtags which are short and catchy. Ask people to post about your product with the hashtag in exchange for gifts, discounts, coupons, or any other incentive. This incentive is crucial to motivate people but should cost you a bit. Alternatively, you could opt for dedicated hashtag campaigns where people post your new product and help in brand awareness.

    For instance, Coca-Cola had a hashtag campaign #ShareACoke to promote its personalized coke labels for gifting options. It collaborated with the actors to reach the masses. Result? Even after the campaign ended, people post and order personalized cans boosting the company’s revenue and customer engagement.

    You might have to motivate the audience with monetary or non-monetary incentives. However, the mass reach, customer engagement, and increased conversions cover the costs faster than ever. Plus, it has a long-lasting effect on people as hashtags don’t die, and you can reuse the strategy/ hashtag multiple times.

    Video Testimonial

    Sugar Cosmetics Video Testimonial Example

    Not every customer can give a video testimonial. However, your brand loyalist and employees would help you cover the gap. Also, in the present-day era of Instagram reels, getting video testimonials is easier. It doesn’t take time and gets done with a few clicks.

    A video testimonial could include product use cases. What problems did the product solve for them? Are product adoption and usage easy? What are the plus points of the product? Why did they choose your product over others in the market? What are their favourite features? You could even try to cover the FAQs or brand queries within the testimonial.

    These testimonials can be added to the website, brand decks, high-value website pages, and email sequences. They are way more credible than any written review. Also, for YouTube video reviews, you could share a portion/ clip of the video. In the case of reels, you could repost them on your stories. Also, in case of poor feedback, you could interact with the post and try to resolve the issue.

    Social Media Shares

    Social media platforms have made extracting UGC easier. People post about the product they love/ hate on social media channels like Twitter and Instagram.

    People post stories, post reels, and put dedicated/ integrated posts, and tweets about your product. These could be general feedback, product recommendation, how-to guide, or generic update.

    You can leverage these by resharing the posts and building credibility. Also, these social media posts bring a lot of traffic and an engaging audience.

    Showcase Customers as Experts

    This tactic is very useful for B2B brands, where your customers create content about your product as a niche expert. It works great for almost all the industries, such as food, electronics, retail, and SaaS.

    Your customer talks about your product as the niche expert. They could mention your product as a recommendation. It is somewhat similar to influencer marketing, except that it can go beyond social media.

    For instance, often, book publishers reach out to professors and give them their books complimentary. This is to reach a larger audience through a credible and authentic source. In the case of B2B companies, your customer could write a review, a product blog, or create a YouTube video to include your product.

    In all these ways, not only do you reach an engaging audience with credibility and authenticity but get an in-depth review from your customers. You could understand what features are most crucial and which ones need modifications. It also assists in mapping customer journeys in a way.


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    Tips for Managing UGC

    UGC will not generate the best results by sitting on your or customers’ feed. You have to take a step further and leverage it efficiently. So, here are 5 tips to manage UGC to extract maximum value and boost conversions.

    1. You should acknowledge and encourage people to talk and post about your product. This could be through a dedicated hashtag, some incentive, or personal product giveaways.
    2. You should request permission before using or sharing the post with the customer. This ensures transparency and a good relationship with them. Also, with this, you could use the content in multiple ways, like website/ email sequences easily. Additionally, it shows the brands’ professionalism.
    3. You should always source back the credit to the original creator. Do not just use the content without mentioning the source. By giving credit, you invite more people to post about your product and enhance brand loyalty.
    4. You should try to reward people for sharing your content. This could be a discount or some offer to motivate customers to post about your brand. It could be as simple as using a hashtag on Twitter to avail yourself of 10-15% discounts.
    5. You should try to find shareable content that can be repurposed in multiple ways. You don’t want a review that lies on your website. You should look for blogs covering your business and other content which could give you SEO benefits, generate traffic and boost conversions.

    These tips will help you to manage the UGC efficiently. You can repurpose them and reach the masses as you build credibility and authority simultaneously.


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    Conclusion

    UGC can assist a lot in scaling when you have a moderate user base and some brand loyalists to talk about your product. You reach more people as a trusted brand. Also, you get insights into the customer product journey, which helps you understand road blockers and map vital product features. So, if you are in the market for some time serving satisfied customers, and wish to scale, look for UGC.

    FAQs

    What is User-Generated Content?

    User-generated content (UGC) is the content produced by the end user of the product.

    What does Word of mouth mean?

    Word of mouth is when your customers love the product/ service so much that they give references and tell people about the product.

    What does UGC generally include?

    Images, Videos, Social media posts, Testimonials, Product Reviews, Blog posts, etc.

  • Marketing Strategy of Patanjali – How They Utilized People’s Beliefs?

    Patanjali is one of the few brands that make up the very backbone of the Indian consumerist identity. With a bevy of marketing tactics to push its plethora of products, the company has become one of the icons of the Indian economy.

    The privately-owned Indian FMCG Patanjali has a vast audience in India, no matter how young, there is nobody who doesn’t know the brand’s name. Let us take a look at the marketing strategy of Patanjali and how it utilized people’s beliefs as a marketing tool.

    Patanjali – Background and Vision
    Patanjali Today
    Patanjali Marketing Campaigns
    Key Marketing Strategies of Patanjali
    How Patanjali Used Common Beliefs as a Marketing Tool

    Patanjali – Background and Vision

    The 1990s in India saw the floodgates open and the global economy ushered in a new era of consumerism. As international companies and MNCs trickled in and became a deluge, the needs of Indians altered slowly but definitively. The new millennium was flush with international goods, but the people began to clamour for more homemade production. The swadeshi effect gradually spread like wildfire, and companies began to take advantage.

    Onto this scene came Patanjali, an Indian company with a vision that stretched beyond present profit quarters and into the future. Indian yogi Baba Ramdev and Acharya Balkrishna came together in 2006 to create a health and awareness brand that focused on the present needs of the people. The brand was created and heavily relied on the image of using ancient Indian Ayurved ingredients to detoxify both mind and body.

    The main aim of Patanjali is to establish and nurture a society that promotes health first and foremost. Therefore, the brand encourages not only its health and lifestyle goods but also ancient Indian practices like yoga. It aims to create life-changing goods that will help prevent as well as cure acute ailments through ingredients that are 100% natural.

    Patanjali relies not just on the veracity of products but also on Baba Ramdev’s claims of technological imports to get the most from Ayurvedic aid and literature. The brand and its founders use various forms of marketing to promote its products. Many of which have ensured that the company continues to flourish almost 16 years after its conception. Through meticulous brand promotion and successful trade systems, Patanjali seems to be on track to becoming a face brand of India itself.

    Patanjali Today

    Patanjali Ayurved Annual Revenue
    Patanjali Ayurved Annual Revenue

    Today, Patanjali has become an organization worth crores. It is a leading health and wellness brand that competes against the biggest age-old names in operation – Hindustan Unilever, Colgate, Dabur, ITC, Godrej Consumer Products, and more.

    As of 2022, Acharya Balkrishna is the owner of the company with 94% shares under his control. The rest are divided among individual shareholders. As the chairperson, managing director, and chief executive officer, Balakrishna is also a key operator. Baba Ramdev is the face and brand ambassador of Patanjali, while his younger brother Ram Bharat is the de facto CEO. the total income for the financial year 2019 for Patanjali was ₹4,345 crores (US$590 million). With a net income of ₹590 crores (US$80 million) in the fiscal year of 2021, Patanjali has generated a revenue of ₹30,000 crores (US$4.02 billion) in the same year.

    The varied products make up for than 900 items and the organization sells them grouped under the following goods brackets:

    • Ayurvedic medicine
    • Consumer goods
    • Healthcare
    • Personal care
    • Cosmetics
    • Cleaning agents
    • Beverages
    • Fashion
    • Foods items

    With headquarters situated in Haridwar, Uttarakhand, India, Patanjali serves customers mainly in the Indian subcontinent and the Middle East. The brand has over 2,00,000 employees and controls the following subsidiaries:

    • Paridhan
    • Ruchi Soya
    • Herboved
    • Patanjali Renewable Energy Pvt Ltd
    • Advance Navigation and Solar Technologies

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    Patanjali Marketing Campaigns

    When it comes to marketing products, Patanjali uses its brand platform to spread awareness. The question that naturally arises is: how does Patanjali have such a devoted brand following? The answer lies in how popular brands of medicines used for treatments ply in India. The developing country attempts to offer affordable medicines to the socially backward and poverty-ridden majority. However, the elitist privatization of healthcare and extreme costs of life-saving medication does not allow people below the poverty line to access treatments.

    When such a vast avenue for health is closed off, alternative medicines become popular. The most crucial factor that boosts such alternatives is affordability. If alternative forms of medicine are marketed as cheap, over-the-counter, and somewhat trustworthy, people will gravitate towards them. This is where Patanjali uses its trump card to overpower allopathic medication and treatment. It promotes very affordable models of healthcare and ensures that the products are easy to acquire for anyone. Most Indians, no matter their literacy levels, are familiar with Ayurvedic medicines. Despite the lack of concrete results in studies that attempt to prove the adequacy of Ayurveda, the familiarity that people associate with this alternative cure is enough to boost sales.

    Baba Ramdev, through his platform, has helped create an image of the brand that is acceptable and popular, especially for the socially and financially challenged. His association with the brand has helped increase its visibility. Ramdev liberally promotes the Patanjali name in his innumerable yoga camps and shows. Moreover, consumer psychology maintains that the more people get to know the faces behind a company, the more they are likely to remain loyal. Ramdev’s direct communication and interaction with his buyers is a major factor in the brand’s successful image.

    The consumer goods company came just behind the chocolate-making giant Cadbury and skincare line Glow & Lovely (formerly Fair & Lovely) as the most advertised brands on television in India in 2016. Moreover, the expenditure attributed to advertising the products is very low. The brand prefers quantity over quality – its innumerable advertisements, promoting similar products, are testament.

    Costs are also low because of Ramdev’s promotions in yoga camps and reality shows like India’s Best Dramebaaz(sponsored by Patanjali). The camps are excellent sources of high consumer populations. Selling the brand is a matter of simplicity and convenience through Ramdev’s oratorship. Marketing strategist of Patanjali has made their way into the digital space through the internet and eCommerce opportunities.

    Key Marketing Strategies of Patanjali

    Patanjali Ayurved Products
    Patanjali Ayurved Products

    The process of marketing a brand is as crucial as the brand itself, if not more. Without the right sort of marketing, introducing a brand and its products becomes next to impossible. Consumers will not be interested in a product without some brand recognition. Sometimes, the brand exceeds the product (Philips, Godrej, Tata, etc.), and this is the result of excellent marketing strategies.

    The main reason why Patanjali continues to flourish in a market despite millions of obstacles is because of its subtly sophisticated marketing tactics. The marketing team behind the brand is why Patanjali is so widely accepted, especially among certain sections of society. The brand continues to come out on top, despite its weaknesses, scandals, threats, etc., again and again purely because of the way the brand markets itself. Let us take a look at why mainstream society is attracted to Patanjali and what Patanjali does to retain and expand its consumer base.

    The entire foundation of the brand is heavily reliant on the image of a Pre-Lapsarian India, so to speak. The picture is complete with ancient monuments and kings and rulers akin to the image of the gods. The allusion is to the fact that that time, throughout the various eras, was a pure one where health, hygiene, and progress of society were the aim of every individual. Therefore, the goal of the founders is to help the people let go of the burden of the pollution of the mind, body, and soul that the current kalyug (Dark Age) has imposed.

    Patanjali offers to transform and improve people’s health using the natural medicines people used in these times. It uses ayurvedic medicines to treat an extensive list of health problems. The treatments are often marketed for a variety of ailments. The brand has come under fire many times in the past for using incorrect treatments to cure illnesses like claiming yoga can cure HIV/AIDs. However, its marketing department continues to walk in the same direction.

    Baba Ramdev’s expansive yoga exercises are also a part of the Patanjali regiment. The televised events often pair up with the company. Ramdev expounds on the importance of Ayurveda and yoga to relieve the body from diseases, both as a precautionary and a curative solution. Ramdev also claims that yoga is better medicine than any other therapy or prescription for mental health disorders, often demonizing allopathic or psychiatric cures to his followers. These claims remain unsubstantiated. However, the benefits of yoga are what also keeps Ramdev so popular. The majority of his fanbase continues to follow the regimens he prescribes.

    How Patanjali Used Common Beliefs as a Marketing Tool

    One of the most significant means of spreading awareness for the Patanjali brand is a quiet barter that one of the cofounders has undertaken. While the barter system may seem outdated, its usage falls right on track with Patanjali’s principles. The bartering is not a part of the product sale nor is it a branding venture.

    On the contrary, it is a marketing scheme that helps propagate awareness of Patanjali, skewing people’s perceptions and opinions of the brand in its favor. The founders, despite their demand to go back in time to access a more “pure” and “perfect” time in Hindu history, are well aware of modern advantages like great branding. There is no doubt that a company must strive to achieve originality to survive and get ahead of the cut-throat competition. Patanjali’s founders take advantage of certain measures to ensure that the brand stays afloat.

    Baba Ramdev, the face of Patanjali, is well aware of the power of the platform he has tirelessly created over the past 20 odd years or so. His persona as a man with a fitness plan is well known. You will not find many places that have not witnessed the antics of Ramdev’s yogic postures that claim to cure all known ailments. His brand of yoga enmeshes Patanjali’s principles seamlessly, thus making it difficult for consumers to extricate the man from the brand. This, however, is what fuels Ramdev’s agenda.

    More than two decades of yoga performances have nurtured multiple associations, contacts, and deals based on goodwill. Using these means, Patanjali, by extension Baba Ramdev, has created a social platform to spread awareness of the brand. A constant influx of TV commercials, lurid advertisements, newspaper graphics, billboards, various magazines, social media handles, etc. are the weapons Ramdev uses to bring recognition to Patanjali’s products.

    These tools are cunningly crafted to foster and spread the sense of the brand and its offerings.  The goal of Patanjali is to utilize all digital, print, and other platforms available to spread recognition and induce loyalty to the brand by ushering in a sense of familiarity. Patanjali aims to secure the quintessential family demographic. Therefore, it heavily relies on television advertisements over the limited platforms of Google and Facebook ads.

    In exchange for his presence and significant influence among a major demographic in India, Baba Ramdev barters for a wider scope of audience. The type of people who continue to hold on to their television sets in an age of streaming is usually above the age of 30. They are also usually in a more traditional family setting. These are the two targets of Patanjali’s demographics, so the barter system works out well in terms of promotions and brand recognition.


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    Conclusion

    Using human psychology to push for brand recognition is a humongous part of the very identity of Patanjali. It uses people’s beliefs in old Indian ways of treatment to produce goods. With just the right marketing and offers, Patanjali has become a force to be reckoned with, despite its flaws. The co-founders of the company certainly have a long way to go. They must give up their propensity for spreading misinformation and have room for change. Their regressive attitudes can certainly create obstacles. However, as long as Ramdev and the company can hold on to their relevancy, Patanjali will go on.

    FAQs

    When was Patanjali Ayurved founded?

    Patanjali Ayurved was founded in January 2006.

    Who is the owner of Patanjali Ayurved?

    Acharya Balkrishna is the owner of the company with 94% shares under his control.

    Who is the CEO of Patanjali Ayurved?

    Baba Ramdev is the face and brand ambassador of Patanjali, while his younger brother Ram Bharat is the de facto CEO.

    What are some of the subsidiaries of Patanjali Ayurved?

    Ruchi Soya, Advance Navigation and Solar Technologies Pvt. Ltd., and Herboved Inc are the subsidiaries of Patanjali Ayurved.

  • How IKEA Created Buzz Around Its Bangalore Launch?

    Marketing is the heart of a brand. If it doesn’t work properly, then the brand is as good as dead. Companies and brands often look for new ways to attract the attention of the people who can be their potential customers. Creative techniques of marketing are used to obtain the exact attention from the public. Whether, its about launching new product and services or opening a new branch of the brand or just general marketing, brands elevates new ways to market.

    Now, in this digital world, where we live in, competition is higher than ever. So brands are being cautious and more creative to involve people and make their brand noticed. There are different types of marketing techniques that brands follow, especially while launching their new branch. It is naturally done to make people aware and attract them. In this article, we will talk about IKEA and how it creates a big buzz while launching its store in Bangalore, which is the biggest store in India. So, without any further ado, let’s get started.

    “Marketing is a contest for people’s attention.”

    -Seth Godin

    About IKEA
    How Does IKEA Promote Their Store Launch in Bangalore?
    The Marketing Trend With Funny Banters
    Wakefit
    DrinkPrime
    CoWrks
    How Does the Trend Help IKEA?

    About IKEA

    IKEA is a multinational conglomerate that deals with home furnishing products. The headquarters of the company is situated in Delft, Netherlands. It was founded in the year 1943 by Ingvar Kamprad. The Swedish company is famous for designer home decor like kitchen appliances and other furniture that can be assembled on your own. IKEA is considered the world’s most famous and successful company. All the interior design items that IKEA sells are eco-friendly plus the prices of the products are low as well. As of now, IKEA has 467 stores in 63 countries and serves its people with its modernized and ready-to-assemble furniture.

    How Does IKEA Promote Their Store Launch in Bangalore?

    The Swedish furniture brand has India covered by having two physical stores in Mumbai and Hyderabad. IKEA opened their biggest store in India in Bangalore. The store is said to be covered in 500,000 sq. ft. and it is said that it will be attracting over 7 million visitors every year, with its low pricing and marketing strategy. Now, the brand has done many marketing schemes to make people aware of the launch of its store. IKEA took the help of drones and hosted a show in Karnataka to invite people to visit their newly formed store. The company used over 520 drones that light up the sky. Apart from that, in different landmarks of the city, the brand created a room set-up that consists of modern-looking home products to showcase it in front of the people of the city.

    The Marketing Trend With Funny Banters

    Now, we have seen brand engaging with each other in funny banters and using sarcastic comments to rile them up. Some of the brands actually did the same thing with IKEA, during the launch of their Bangalore store. They made funny remarks, challenge IKEA, and promote their own brands in a shady way. The trend was started and still is ongoing. The banter was started by Wakefit and many different brands jump into this trend.

    Wakefit

    Wakefit
    Wakefit

    Wakefit is a company that is famous for providing mattresses, pillows, mattress covers and bed frames. Apart from that, the company also deals with furniture products for home decor and appliances. It has released few sarcastic advertisements to taunt IKEA. In the marketing campaign, Wakefit in an open letter gives out a snarky welcome and said how tasty Dosas could be found in CTR and the weather is amazing. It also points out many of its supposed flaws like how IKEA is located on the outskirts of the city. Apart from that it also stated that the audience might face traffic issues as well. They challenge the Swedish company by mentioning that they should visit Wakefit if they Are looking for the best furniture. Not only that, but they have also used Swedish on the front page of the newspaper for their print ad to taunt IKEA. The company still hasn’t responded to this banter.

    DrinkPrime

    DrinkPrime
    DrinkPrime

    DrinkPrime, which is a water purification company that provides water Purifiers from Bangalore, also took part in this trend by posting a digital poster on LinkedIn and using the work ‘KEA’. In this post, they asked their audience if they have visited IKEA? After their visit, if they are tired? Did they have water after that? These questions were ended by ‘KEA’. Basically, in the post, they tried to promote their water purifier brand while using IKEA.

    CoWrks

    CoWrks
    CoWrks

    CoWrks is a company that provides co-working space design in offices and makes it feel like home. The company built spaces for all kinds of startups and businesses. The company welcomed IKEA in Bengaluru in their own style by posting a digital poster on LinkedIn that says “Collaborative Spaces + Brilliant Interiors = A Brilliant IKEA”

    How Does the Trend Help IKEA?

    Many brands got involved in this trend and tries to welcome IKEA in Bangalore, mainly they participated in this trend, to promote themselves. However, this trend helped IKEA make its presence known in front of people. As the brands took turns to welcome or snide remarks, many people got aware of the biggest IKEA store in the country and showed interest in checking it out. This way, the companies not only promote themselves but also promoted IKEA. One of IKEA’s loyal customers also gave a reply to Wakefit’s snide remark and called the brand ‘Fakefit’ and wrote an open letter just like the former.

    A Customer's Post
    A Customer’s Post

    FAQ

    Who was the founder of IKEA?

    Ingvar Kamprad is the founder of IKEA.

    When was IKEA founded?

    IKEA was founded in the year 1943.

    How many stores does IKEA have in India?

    IKEA have three stores in India.

  • Why Different Companies Use the Word ‘Free’ to Sell their Products?

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    We have all read such advertisements in the newspapers and on social media. But, why are most companies repetitively using the word ‘free’ in their marketing campaigns?

    What psychological impact does this four-letter word ‘free’ create in the minds of the customer? How does the company boost its audience engagement and revenue by giving something for free?

    To find answers to all these questions keep reading this ‘free’ article.

    Is Free Actually Free?
    How Different Companies are Giving Products and Services for Free
    Psychological Impact of the Word Free
    Negative Impact of Overusing the Word Free

    Is Free Actually Free?

    Let’s first define the word free before we dive deep into this topic. When we say something is free we mean to say that we don’t have to pay money in order to buy the product.

    But, when we see this definition from the lens of marketing we get to know that not everything is all black and white. For example, when we buy a premium laptop the company provides us with free earphones.

    Are we getting those earphones for free? The answer is NO. This is because we are actually paying a lot of money for the laptop and the earphones at that point in time, are not absolutely for free.

    A lot of companies provide a free trial for their products. But, is that trial absolutely free? Because in most cases the company takes your email id in exchange. After that, you will receive a lot of marketing emails and maybe even calls to buy the product. Due to online advertising and SEO, the company will show you ads regarding the products on every other website.

    Nowadays, most companies ask you to put your credit card details. So, when your trial period ends if you don’t cancel the subscription on time, the money is automatically deducted from your account.

    In other words, free doesn’t really ensure convenience. Most people won’t consider such products free because the company will irritate them with tons of unnecessary advertising campaigns which ultimately leads to wastage of time of the customers. And we all know the old saying, ‘Time is Money’.

    How Different Companies are Giving Products and Services for Free?

    Before we tell you the psychological impact of the word free let’s understand how different companies use the word ‘free’ in their marketing campaigns and what effect it has on their target audience.

    Fremium

    A lot of the SaaS products provide Fremium services to their users. Here, you can use the basic functions of the products for free. But, in order to gain robust features of the service, you need to pay money.

    A popular example of this kind of service is Grammarly. Both students and business professionals can use Grammarly to make their content grammatically for free. But, to use its premium features we need to pay money.

    Grammarly Premium
    Grammarly Premium

    Now, the reason to give services for free is to make the person understand the qualities of service you are providing and most importantly make him/her habitual to the product. When I am using Grammarly daily I know how to operate the product. It has become very easy for me to use this service.

    So, when I want to buy a paid service I would automatically buy Grammarly because I know what kind of quality the software provides and secondly I have become habitual of using it.

    Buy One Get One Free

    We have also seen this marketing strategy multiple times in our lives. To be very frank this is one of the most overused strategies. But, let me tell you this strategy still works. This is because we humans want to get the most out of the money we spent. So, when we are buying a product and if we get to know that we can get another product without paying any extra money we immediately buy it.

    Papa Johns Buy one Get one Free Example
    Papa Johns Buy one Get one Free Example

    Free Samples

    Many times when we open the newspaper we get a free sachet of shampoo. When we are at malls we see a lot of people giving free samples of their products. But, why are they giving free samples? The reason for this is the principle of reciprocity. Let’s understand this principle and what psychological impact it creates in the minds of the reader.

    Psychological Impact of the Word Free

    The psychological impact of the word free is related to the principle of reciprocity. According to this principle, if someone does something helpful for you, a strong feeling to give the person something back in return arouses in your mind. For example, if your friend helps you in studying or gives you a precious gift you will be obligated to return the favour.

    The same happens when we get free samples or products from any company. After using their product we inherently get a feeling to return the favour by purchasing their product. This is the exact reason why companies give free products and services to their target audience.

    Instead of forcing your prospects to buy the product, you are adding value to your lives by giving the product for free. Due to the principle of reciprocity, the prospects themselves get the idea of buying your product.

    Negative Impact of Overusing the Word Free

    The word free has a huge positive impact on the prospects. But, if you overuse it then it will drastically impact your sales and audience engagement. As so many people use this word repetitively in their marketing campaigns the word ‘free’ has lost its charm. Many email marketing services consider the word free as spam.

    Customers as well have become very smart. When they get to know that the brand is offering products or services for free a lot of questions pop up in their mind. Is the product of high quality? Are there any hidden terms and conditions? What is the intention of the company? Is there something wrong with the product?

    If your brand is new to the market and you give something for free on a regular interval then the audience will feel that the product is of low quality. It will have a negative impact on the goodwill of the company.

    Although the principle of reciprocity works in this scenario the feeling to return the favour might turn into guilt. After a certain point of time customers won’t try your free sample nor buy your products.

    The worst-case scenario would be that you might have habituated your customers to get free products from you. This happens when you give heavy discounts on a daily basis. Your company will then have to provide free samples and discounts in order to sustain in the market. You definitely want to avoid this.

    You need to first understand how the audience perceives your brand. Remember, if you are overusing free in your business strategy you won’t build loyal customers and you will never see a boost in your profits.

    Conclusion

    Free is a very powerful word and if used correctly it will lead to positive emotions in the minds of your prospects. Although if you overuse it will backfire and harm your goodwill and revenue.

    The aim of your brand should always be to help your customers. Instead of providing a mediocre product or service for free try to make your offer exciting and helpful. If you are able to add value to their lives then your sales will definitely increase.

    Always explain why you are giving a product or service for free. Clarify your intentions and the word free will do wonders for your brand.

    FAQs

    Should you use the word free in marketing?

    Yes, Free is a word that will attract an audience and is one of the most effective ways for consumers to try your product.

    Why is free so powerful in advertising?

    Free is a word that stands out and separates your brand from the competition.

  • Data-Driven Marketing | How to Use Data-Driven Marketing Process?

    Today, data is said to be the new currency. Big businesses believe data is what fuels monetary stability. That’s why many companies give more preference and energy to collecting the data, even if that makes them stay at a loss for a short period. Likewise, collecting data has become more of a tradition than a process. Because it is almost everywhere to be found. especially in the marketing of businesses.

    Now, this strikes the question, what exactly is data-driven marketing?

    Regardless of coming under the limelight only in the past few decades, data-driven marketing has become an integral part of the functioning of the world. It has refined marketing, making it more cost-optimized, which further proves that the power of data is undeniably crucial.

    As the name suggests, “data-driven” marketing uses data to promote growth and make the right use of resources. Here, it focuses on using the collected data to improve campaign performance. In simpler words, it means justifying every penny spent on marketing by spending marketing expenditure in such a way that it only focuses on the areas that bring in growth.

    How did Data-Driven Marketing start?
    Why is Data-Driven Marketing better than the traditional methods of marketing?
    Hurdles with the Data-Driven Marketing Process
    How to do Data-Driven Marketing?

    What is Data-Driven Marketing?

    How did Data-Driven Marketing start?

    Data-driven marketing was used in the olden times, even before the existence of computers and the internet. Amusing, right? The only different thing was the form of the data and the means of collecting those data.

    People collected data by going door to door, enquiring about the product while tallying and ticking marks. With the help of the internet, the same goal is fulfilled. The same thing is done, but in a way that is hassle-free and does not require going door to door. It has always been a primitive custom; we upgraded it as we upgraded ourselves.

    The present methodology of the entire process attains the same goal, but the customers are filtered as, only specific customers are targeted according to their line of interest filtering out unwanted, irrelevant audiences, unlike the older times.

    Why is Data-Driven Marketing better than the traditional methods of marketing?

    This type of focus marketing was first initiated in the early 1970s and 80s. The power of collecting data for carrying out marketing procedures for a specific product was newly introduced, and people were amused by how powerful the right database is, for a fruitful and efficient personalized marketing strategy. Ever since then, customer communication has become easier with each passing decade.

    “Valid customer data holds the balance sheets of the company”. When we talk about efficient marketing strategy, personalized engagement comes into the picture; this leads to the promotion of the company brand, which is done directly to the correct crowd; this hinders from wastage of funds and increases the return on investment (ROI).

    It eradicates the unsure thoughts and guesswork from the process. One can get a clear idea of customer demographics, choices, and ideas in the customer’s head. Following this pathway, correct and refined customer segments can be captured and targeted.


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    Hurdles with the Data-Driven Marketing Process

    Along with the heap of benefits, the process also comes with many challenging situations at each step of the process. Check out some obstacles that might come your way if you opt for a data-driven marketing process:

    Collection of the right data

    It is highly risky to depend on a single or few sources of data alone. Verification of each piece of data from multiple media is necessary to prove the authenticity of the piece and validate it. One needs the expertise and experience to filter out the most relevant data. Without this as a basis, the chances of making cognitive errors and wasting resources increase exponentially. This is the most important part of the process.

    Reaching the right target

    Having very elaborate data of interest can do more harm than good to the process. The advertisement tends to pop up mostly on the screens of dummy customers, meaning people who have no desire for the description of your data and will just scroll past it. Hence, decreasing your click-through rate (CTR). Overall, this decreases the efficiency of your procedure and lowers the return on investment(ROI).

    Ready, steady, action!

    There is an urge for an emergency while implementing this step: taking the ultimate step and giving the process meaning. It is very important to hit the iron while it’s hot. The quick-changing temptations of the customer influence data-driven marketers. It becomes very essential to keep track of customer preferences and take action immediately and effectively before the data becomes obsolete.


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    How to do Data-Driven Marketing?

    If you are thinking of revamping your marketing process and making it data-driven, then here are some basic things you need to focus on:

    Collection of data

    Collecting data from available sources is a difficult but necessary phase in the process. It provides a location for monitoring good decision-making and successful execution in a variety of advertising tools and industries. The internet, the cloud, and a variety of other platforms store a significant amount of data that consumers provide while using the internet.

    Analysis of data

    Before implementing any type of tool, data-driven marketers have to derive what type of interest they are looking for. This is done through the set of data gathered, refined, modeled, and framed as per the requirement to obtain the right audience set and maximum funds utilization.

    Showing it to the targeted audience

    When data-driven marketers are sure of the demands of the customers, they will be targeting their desired audience in such a way that it connects with their motives and reflects their attention in a manner that fulfills the goal. This way, by following the proper process, you will get amazing results all thanks to data-driven marketing.

    Conclusion

    To further conclude, the marketing processes that are empowered by data promise to solve bigger problems making the job cost-effective and cutting down the wastage of time and energy. There’s the data liberation that exists, which opens up a plethora of possibilities. Also, because of the abundance of data available, every entity now has a deeper understanding of its audience’s consumers than ever before. So, data-driven marketing is certainly the future of marketing, at least as is predicted now!

    FAQs

    What is Data-Driven Marketing?

    Data-Driven Marketing is the process of marketing your brand based on customer information. Customer data is used to predict their needs, desires, and future behaviours, and marketing is done accordingly.

    Is Data-Driven Marketing better than the traditional methods of marketing?

    Yes, Data-Driven Marketing is a more efficient personalized marketing strategy.

    Why is Data-Driven Marketing important?

    Data allows marketers to market their brand to target and capture the correct and refined customer segments.

  • Brand Strategy Checklist for Building a Successful Brand

    We all realize how tough it is to start a company or a brand, but letting the rest of the world know about it and promoting it in a positive manner is much more challenging. With the industry being so crowded and competitive, you’ll need to develop a brand strategy so you can work accordingly and supply all of the tools you’ll need to expand your business.

    A well-thought-out brand strategy may be extremely effective and profitable to a company, but it takes time and effort. With your approach, you must be patient and logical, and you must trust the process. But the most difficult element is figuring out how to create a strong brand strategy and how to implement it in the business.

    So, first, let’s discuss what a brand strategy is and how it works, and then we’ll talk about how to create one later in the article.

    What is a Brand Strategy?
    Importance of Brand Strategy
    Brand Strategy Checklist

    What is a Brand Strategy?

    A brand strategy is a plan or collection of tactics devised and implemented by a company in order to project a positive image of the company to the customer base. Image matters a lot. When a customer buys your service, they will look into the brand’s reputation since it gives them confidence in the purchase they are making and ensures that the service or product provided by the business is of high quality.

    So to make your brand look more legitimate and have a positive image for the customers, you must have a good brand strategy to perfectly build your brand. Customers will form an impression of your brand as a result of this, and your brand will stand out in the competition.

    What is Brand Strategy and How to do it?

    Importance of Brand Strategy

    An effective brand strategy emphasizes your brand’s message while also promoting a positive picture of your company. It will be difficult to track your company’s development and set goals for the long run if you don’t have a brand plan in place. If you want your firm to expand consistently, having a solid brand strategy and plans to implement it can be really beneficial.

    Following are some benefits of Brand Strategy:

    1. When you have a proper brand strategy and you are following it strictly, then you do not have to worry about all the useless advice people will give you to grow your company or make a profit.

    2. As you now have a solid brand strategy, assist you in focusing only on the plan and strategies you have mapped out for your business. You will save a lot of time and money now that you have a strong plan and know what to do.

    3. You will see an increase in the number of clients if you have a clear strategy and plan in place to improve the company’s image and generate an appealing brand. Positive branding and a good reputation are known to attract new customers and keep existing customers coming back for additional purchases.


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    Brand Strategy Checklist

    A solid branding plan should help spread the word about your company. An effective brand strategy should make people aware of what you’re offering and that you provide the best service, at least better than your competitors. But the difficulty is how to construct one and which tactics should be used and which should be avoided.

    Following are some steps one can follow to make a successful brand strategy:

    Understand Your Business

    If you want to build a strong brand strategy, you must first understand your business, what you want to get out of it, and how you want people to perceive it. The most important thing is to be aware of your competitors. Know your staff and how they may contribute to the company’s and their own personal growth by working more efficiently.

    Set Realistic Goals

    Set Realistic Goals for building Branding Strategy
    Set Realistic Goals for building Branding Strategy

    When you’re starting a business and don’t have a lot of devoted consumers, you should create clear goals and numbers for yourself and your company, and try to make them reasonable, as setting realistic goals for yourself and your organization is the main challenge.

    Know What Your Business’s Major Offering Is

    One should have a clear understanding of what their company has to offer and devise strategies for getting the information out to the public. It will be the best opportunity to build a dedicated fanbase if the company has a core offering and the quality is guaranteed.

    Having a Solid Brand Strategy That Attracts Investors

    It raises the value of your brand and confirms the legitimacy of your company when you have a sound brand strategy and present it to investors in a clear and simple manner. So, if you want to attract investors and grow your firm, you’ll need a brand plan. Your investors may not take your goals and opinions seriously if you don’t have a brand strategy.

    Know about the Target Audience

    It’s possible that your business may suffer if you don’t know who will buy the service you’re selling or what their purchasing habits are. Work hard to understand your target audience so that you can create a strategy and marketing plan around them.

    Conclusion

    The success of a brand is determined by its effective brand strategy and expertise in the industry. If you don’t have a clear brand strategy in place, you may find yourself making hasty decisions. Know your brand and the message you want to send through it, as well as the primary service you’ll provide to your clients. Branding strategy aids in the development of a better image and general validity. This is advantageous if you want investors to approach you and invest in your company.

    FAQs

    Why is brand strategy important?

    An excellent brand strategy aids in the development of a great reputation. It establishes who you really are as a company and concentrates your long-term objectives.

    Who invented brand strategy?

    Neil H. McElroy’s memo at Procter & Gamble is credited with launching the contemporary field of brand management.

    Why do you need a brand strategy?

    Maintaining a regular brand strategy makes it easier to connect with its customers. The more constant your advertising is, the more probable it will be successful in attracting and keeping customers’ trust.

    What are the three main types of Branding?

    Three main types of brands are:

    • Company Branding
    • Product Branding
    • Personal Branding