Did you know that it takes up to 7 impressions for people to start recalling and remembering a brand? The guys that are responsible for knowing these stats are your brand managers. These are the people who truly make a business, a brand. They’re the ones who know that over 89% of people will stay loyal to brands that share similar values to them. It all boils down to brand management. Whether you’re a digital marketer who needs to know more about brand management or even a marketing intern who is eager to just learn: keep reading our ultimate guide to brand management and leave here almost a pro! What Is Brand Management? Brand management is one of those hard-to-define terms that marketers and CEOs seem to meaninglessly throw around the meeting room without any real oomph.
The fact is, brand management should carry much more Photo Restoration Service weight than it does because fundamentally, it’s the level of brand awareness that your business has and needs. It’s made of how the team uses branding to maintain and better products and the perception of your brand. When done properly, brand management can be what drives customer loyalty and truly helps you to establish meaningful awareness of your brand. The easiest way to understand it is as follows: First, you create a brand. Then, you manage it. Brand management is the second phase of this process. Brand Management Benefits Brand management comes with a long list of benefits, some of which you may start to see immediately, others can take years to reap. The list of benefits may seem short, but the value they can give to your business is almost priceless. Brand management: can help you increase sales figures through higher customer advocacy is how you can continue to build a powerful brand awareness presence means you can leverage the best pricing to your customers through the association with a higher-value brand is how you.
Will create and maintain longer customer relationships and increased customer loyalty It’s really important though that you realize you can only reap these benefits if you remain committed to the strategy and the tactics that your brand management efforts are based upon. You cannot perform one or two things and then expect to see the benefits. You need to stay on the journey. Basic Principles of Brand Management The basic principles of brand management is not a long list but it is one that you need to be prepared to constantly work on. Also, you cannot simply implement one principle without the rest, the brand management machine will not run without all the gears in place. It would be like trying to implement social media tactics without a solid digital marketing strategy, a big no-no!