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August 28, 2023Branding Vs Marketing. Image Source: Photo by Eva Bronzini/Pexels
Branding and Marketing are two terms that are often familiar among business people. When it comes to business, branding and marketing are inseparable. But unfortunately, some people are still fooled by the equivalence of these terms. Thinking that these two things are the same and in line. Whereas in its implementation in the field, both branding and marketing have their respective roles in creating a unique, attractive, and profitable business.
Good branding will certainly make potential customers aware of the products we sell. Likewise, the marketing concept run by business people can also determine whether the products we market are worth the benefits users will receive when using these products. Companies can build emotional relationships with customers by using a good branding strategy. Companies can attract customers who share similar values through marketing that focuses on brand values and messages. Loyal customers tend to keep buying products or using services from brands they know and trust.
If you are a beginner businessman who has just started a business from scratch, of course, understanding the concepts of branding and marketing is something that must be mastered first. Branding and marketing are the foundation of a business, whether it can survive in critical situations or survive regardless of conditions. This time, we will discuss in more detail about branding and marketing. Which of the two takes precedence?
1. What is a Branding Strategy
A branding strategy is a comprehensive plan designed to build, manage, and strengthen a business’s brand image and identity in the eyes of customers and the market as a whole. It involves a series of decisions and actions taken to shape brand perception, value, and differentiation among target audiences.
What is Branding? Image Source: Photo by Eva Bronzini/Pexels
The purpose of branding is merely to illustrate that the products we sell to the target audience are products that can be a solution to their problems and increase the value proposition and unique selling points that distinguish our products from those of competitors. Branding helps in establishing a clear and consistent brand identity. This includes elements such as logo, design, core values, brand message, and attributes that differentiate the brand from competitors. A strong identity helps create the desired image and allows customers to recognize the brand easily.
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2. What is a Marketing Strategy
A marketing strategy is a planned and structured plan to achieve the marketing objectives of a business. Marketing strategy involves target market selection, product development, pricing, distribution, and effective promotion to achieve business goals. But keep in mind that no matter how great the marketing strategy we apply to the products we sell, without qualified human resources, it will never succeed.
Marketing Strategy. Image Source: Photo by Kindel Media/Pexels
Therefore, a good marketing strategy, quality products, productive human resources, and proper management. In addition, marketers must be able to create and maintain good relationships with consumers. Customer satisfaction with the products we sell must be prioritized.
3. Which Comes First, Branding or Marketing?
In the context of business, branding strategy and marketing strategy should be considered simultaneously and well integrated. These two strategies complement each other and support each other to achieve greater business goals.
However, there is an argument that branding strategy should be prioritized earlier in the early stages of business development. This is because branding strategy focuses on building a solid brand identity and positive image in the market. By having a strong and recognizable brand, a company can differentiate itself from competitors, build customer trust, and create long-term loyalty.
Once the branding strategy is well established, a marketing strategy can be developed to promote the brand and product to the target audience effectively. Marketing strategy will involve activities such as market research, pricing, distribution, promotion, and sales strategies that can increase sales and business growth.
In other words, branding strategy and marketing strategy are two crucial elements that are interrelated in business development. Building a strong brand through a branding strategy will provide a solid foundation for a successful marketing strategy.
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If you have a business, branding, and marketing cannot run independently. Both need to be run side by side and united for the sustainability of the business itself. There is no which one is more important or more urgent to apply because if you can do both, why not? Each has positive elements that can be used if a businessman runs both.
By Reyvan Maulid | UMN News Service
English translation by Levina Chrestella Theodora
Kuliah di Jakarta untuk jurusan program studi Informatika| Sistem Informasi | Teknik Komputer | Teknik Elektro | Teknik Fisika | Akuntansi | Manajemen| Komunikasi Strategis | Jurnalistik | Desain Komunikasi Visual | Film dan Animasi | Arsitektur | D3 Perhotelan , di Universitas Multimedia Nusantara. www.umn.ac.id