Online Branding Strategies

June 29th, 2010 Posted in Internet Marketing, Online Branding

For many companies, creating a strong brand resides near the top of marketing objectives. A strong brand can raise awareness, build consumer relations, increase sales, and differentiate itself from the competition. In a sense, you might say that a strong brand creates a shortcut in the mind of the consumer. Once achieved, this type of association with a phrase or category simplifies decision making.

While traditional branding may take decades, online branding has been know to happen in a fraction of the time. The viral convenience of the web allows everyone to tweet, share, post, and more with social media. Facebook fan pages provide an outlet for advocates, forum discussions create a dialogue to engage in, and much of all this happens in real-time.

Brand Strategy 101

It starts with determining your brand’s objectives. Determining just who your brand is, a persona of sorts, creates a foundation and metric to measure by. Is it the best tasting, cheapest, or premium product or service of a category? Once you have an objective, identify who would be your target audience. Selecting a type or demographic works better than the ol’ shotgun approach every time. Targeting also results in better communications and creative that results in better messages, as opposed to trying to appeal all of the people all of the time. Following that, figuring out your brand barriers so you can deal with any issues allows for better marketing. There’s always something; strengths, vulnerabilities, opportunities, threats, political, economic, technological, or social.

A brand is about customer perception, and creating the necessary influence positions the brand in the mind of the consumer. Adding benefits and/or value create brand equity. The assets which provide brand equity in traditional marketing are fairly different than online branding, although there is some overlap. With the traditional way of branding, your strategy may include public relations, advertising, and traditional marketing like pricing strategies, retention plans, and more. Don’t forget your 4 P’s.

Online Branding Essentials

Online branding includes a few key components, those being; display advertising (banners), search marketing (PPC), social media (or SMM, for social media marketing), search engine optimization (SEO), and online reputation management (like online PR meets SEO). Each of these tools can leverage your brand, but when used in combination effectively, its a powerful marketing strategy that can rival traditional marketing.

Online Branding Strategy

The online brand promise, which was conceived while defining the objective, is where the journey begins. It could be anything from convenience or entertainment to selection or value. The important thing to remember is this is your mantra and almost every marketing or branding effort shoud support your brand promise. The promise builds on an experience which helps meet the objective, and build brand equity, if you deliver.

While online branding strategies vary per business, from hotels, clothing, electronics, financials products, entertainment or another vertical, the core of the online branding strategy is still broken down to advertising, social media, seo, and online pr.

Read a summary on reactorr’s online branding services and how it can drive your online marketing efforts.

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2 Responses to “Online Branding Strategies”

  1. Jan Says:

    I think branding a product well takes forever. Getting recognition of a brand is faster but it can also be quite transitory. That is, it needs to be a constant, constant reminder with absolutely no bad WOM associated with it.

    BP right now have just undone a century or more of good branding. Prior to the name change in the 40-60′s(?) they started business in the spice trade from the west Indies I believe it was. They had an excellent name. Now …

    But if this oil spill is to be paid for and cleaned up, it is necessary to keep the company trading and earning to pay for it all.


  2. Mark Nicholson Says:

    Branding doesn’t happen overnight, but its proven time and again that you can raise awareness with social media, Internet marketing, and SEO. BP has undone years of equity and hasn’t handled their reputation management all that well. They should have been more forthcoming and open from the start. They probably took a bit too long to react. They also have the world’s attention and an opportunity to make good, which has been slow to happen. If only they were more proactive and open, it wouldn’t solve things faster but might have shown their commitment, which has been in question. Also, it probably wasn’t wise to have the CEO be the public voice in times of crisis.

    Jan, ask yourself how you can provide value that can take on a viral or word of mouth referrals. Audit the competition big and small to find successes and see if you can respin or be inspired to create your own. You may want to look into Intuit.