Old brand builders believed it was all about a logo and some emotions around it. I think it is more holistic—a combination of smell, touch and sound to create a point of difference.
The first age of brands is the age of differentiation. In the second age, the brands supplement the product. In the third age, brands acquire greater sovereignty. They are a blend of information, entertainment, experiences, images and feelings. A successful brand is a conglomerate of marketing resources, and represents valuable marketing assets. It provides a strong platform for their future strategies. The buyer decides the ultimate value of a brand. Marketers start the branding process, communicating the added values to the target audience and the buyers develop the mental image of a brand, which may or may not tally with their perceptions. |