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Brand Equity
Looking to learn more about brand equity? Read more to find out exactly what brand equity is, how you define it, and more.
Glossary Branding, Design, Marketing
Brand Development
What is brand development?
It’s more than your logo and website. Brand development is the continuous process of defining, refining, and testing your overall brand strategy. It’s the foundation for your company’s go-to-market approach and long-term winning strategy. From brand values to design to marketing assets, brand development is the process to get you there.
What does brand development help define?
Brand goals
Brand goals outline the 3 to 5 key things your brand and/or website needs to deliver for your business. The goals can incorporate qualitative (e.g. creative) and quantitative (e.g. revenue) elements.
Brand purpose
A brand purpose outlines a higher purpose (the “why”) for your brand beyond simply revenue or business growth. It typically focuses on the positive change you want to create in the world for customers, communities, or society as a whole.
Audience personas
Audience personas detail 2 to 3 archetypes that represent the main stakeholders your brand is designed to appeal to, including their goals, needs, fears, and frustrations.
Competitive review
A competitive review summarizes the landscape in which you’ll be competing. It analyzes your competitors and their offerings and gives insights into how you can outperform them.
Brand positioning
Your brand positioning is a highly-focused single statement that carves out your unique value proposition in the market.
Brand differentiators
Brand differentiators separate your brand from all other competitors, outlining why a customer should choose you over them.
Brand character
Brand character includes brand personality, which imbues your brand with key human qualities, making it relatable and helping your customers connect with it. It also includes brand voice, which gives your team clear guidance on the preferred tone and feel they should deliver in all written marketing communications.
Why is brand development important?
The most successful companies develop, deploy, and regularly revisit a comprehensive brand strategy to make purposeful and strategic marketing decisions. They don’t wing it.
Land in the appropriate market
Marketing to a broad market and vague target audience is like taking a shot in the dark. Brand development helps you hit your target audience when and where they are.
Save valuable time and budget
Investing in brand development helps you strategically focus your resources on the right messaging, marketing, and value propositions.
Align your teams
Brand development brings clarity and consistency to your overarching brand goals and strategy so that all your teams from sales to marketing to product are on the same page.
What’s the difference between brand development and branding?
- Brand development is the process of creating and testing a brand’s value.
- Branding puts brand development into practice. It is the application of brand development through marketing assets, communications, etc.