Showing posts with label Social Media. Show all posts
Showing posts with label Social Media. Show all posts

Wednesday, 7 November 2012

Social Media and its influence on Branding



In October 2010, the famous clothing company Gap quietly introduced a refreshed version of their classic logo that was in existence for over 20 years. Following an outpouring of negative customer feedback (their Facebook pages had over 250 comments), the company was forced to reverse its decision and transform the initiative into a crowd-sourcing project.



This is just an example of the power of social media, and how much this new communication tool can influence the brand management of any company, no matter how big and established.

A quick Google search for the two magic words – social media – returns 517, 000,000 results. In comparison, the words” brand management” return ten times less results.

So the natural question is, what impact does social media have on brand management? Does it make the Brand Manager’s job simpler? Or does it add to an already full plate?

From “One To Many” Monologue to “One To One“ Dialogue.

Social media allows for a more profound engagement at a very personal level with the target audience. It also makes it easier and more cost effective to communicate the brand message versus traditional communication tools such as TV and print.

But I guess the biggest benefit is the two-way dialogue and the opportunity to get instant feedback on your brand decisions. Since social media is highly traceable, the 2-way feedback allows Brand Managers to quickly make the necessary corrections to the brand message.

The new communication tools such as blogs, Facebook and Twitter allow for creating brand visibility and awareness much faster and cost-effectively than before. While not a complete replacement for traditional media such as TV and print, social media channels help spread the word quickly (which can be positive but also a negative). The dialogue is really “open”, which is great for obtaining valuable insights on where your brand stands in the mind of your audience.

From the view of market research, we could say that this has been greatly enhanced by the explosion of social media sites, which force companies (including competitors) to be more transparent. As an example, social media helps greatly in the brand differentiation strategy and positioning process by identifying the perceptions associated with competitive brands. Since the dialogue is very personal, monitoring these online trends can provide a better and more accurate picture than even complex market research studies.

The Need For Brand Transparency, Involvement and Engagement via Social media

The new social media wave, although greatly benefiting Brand Management, also poses some risks. Brands have to become transparent and can no longer hide behind the corporate wall. Social media encourages honesty. Customers are making purchase decision based on independent reviews and the advice of opinion leaders. As a result, the Brand Manager has to make sure every message that gets out is in line with the brand promise.

When it comes to company reputation, the new tools can easily be used to build it. There are companies today that specialize in online reputation management. Because in this fast-paced environment, every Marketing initiative is easily judged and scrutinised. The Gap incident is a perfect example.

The only way brands can engage with the audience is by generating relevant and meaningful content. In an environment where consumers are less responsive to advertising and sales pitches, Brand Managers have to gain the trust of opinion leaders and leverage the power of word of mouth marketing. The effectiveness of the 30-second commercial has been replaced by referrals and information sharing as a more personal way to build (or lose) credibility.

Brands risk becoming irrelevant without fresh content and strong customer engagement. In the not so distant past, the brand message was created “from inside-out,” through positioning and one-way communication. Currently, the targeted audience plays a huge role in shaping the brand identity, values, and deliverable.

The New “Must Have” Job Skill

Love it or hate it, there is no denying that “social media skills” has been added to the list of Brand Manager’s job requirements.

One of the biggest challenge marketers have is to keep up with all the tools and changes that seem to be appearing overnight. That’s because Social Media is added on top of an already complex job, which includes managing the 4 Ps of marketing as well as the additional communication channels.

Brand Management has irreversibly been impacted by the rise of social media as a new communication tool. In the never-ending battle for customer loyalty, managing a brand requires adaptation, transparency, and engagement.

Thursday, 1 November 2012

Branding 101

Let's get to the basics of branding first. What exactly is a brand?
From what I understand, I would define it as a name, term, sign, symbol or design, or a combination of these intended to identify the goods and services of one seller or group of sellers and to differentiate them from those of competitors.

But why brand an object, product or a person in the first place? It could be for any of the four reasons below:
  • Branding helps identify products that might benefit the consumer 
  • It Tells the buyer something about the product quality 
  • Lets the seller build a story around the quality 
  • Enables the seller legal protection for a unique feature of the brand. 
But is a brand really different from a product? There's actually a HUGE difference between the two. A brand is more, much more than the mere product it stands for. A brand can be called as the amalgam of the physical product and the notional images that go with the brand.


When we recall a brand, not only do we recall the physicality of the product but also the images it conjures.


To think of an example, take Sundrop Oil. The image that immediately pops up in my mind can be easily put together as below:

Sundrop = Sunflower Oil + (Healthy Family + Happy Children +Loving mother + Tasty Food +Modern Home +...) 


The 'brand' has engrained in our minds this image so much so, that subconsciously I would always pick up Sundrop oil for the well being of my family the next time I go to a supermarket!



Next, let's take an example of a more 'youthful' brand  Pulsar motorbike. Can we try putting up an equation as above?

Pulsar  = Motorbike + ( Style + Extra Power + Macho Image + Great Looks + Reliable Company)  Certainly appeals to the youngsters in their 20's and 30's! 


Simply put, a brand is nothing but : Brand = Product + ( Image)  as seen above.

There are of course other subtle differences. A product is something that is made in a factory, but a brand is something that is BOUGHT by a customer. The key point to note here is the brand is something tailor made for the customers need. Or in the case of clever marketing  its image is so well developed that a buyer feels its exactly what he needs and wants to buy!

Another difference is that a product can be copied by a competitor, but a brand will always remain unique.

A brand is therefore a product, but one that adds other dimensions that differentiate it in some way from other products designed to satisfy the same need. These differences may be rational and tangible related to the product performance of the brand. Or they may be more symbolic, emotional and intangible  i.e related to what the brand represents.

The best way to convey this idea is that 

a product can be quickly outdated; a successful brand is timeless. 

Monday, 8 October 2012

Black & White to Gray.

Hello, World! 

I am Aparna Ramesh, and today is an important day in my life as I embark on a new world of possibilities called 'Brand Biosphere'.


am Social Media Strategist and a Branding & Digital Marketing enthusiast by choice and a Computer Science engineer by qualification. 




If you are keen to learn about Social Media Strategy, Branding & Digital Marketing and more so with relevance to the Indian market, feel free to follow my blog posts. At the same time, I request you to post your valuable comments - be it appreciation or criticism. 


Join me in the journey of my learning and sharing, a journey into the Brand Biosphere.


So, Let's get started!

"A journey of a thousand miles begins with a single step. "
                                                                      - Lau Tzu, Chinese Philosopher.