Sunday, May 4, 2014

The Beauty of Branding

We live in a digital age, and it is apparent that innovation continues to drive the developments of our global world. Innovative technology has changed our lives and society as a whole. In a manner of a few years, technology has changed how we communicate, how we learn, how we conduct business, how we establish and build relationships, and a great deal of our day to day interactions, if not all of them. It has changed our world!

The public benefits from utilizing emerging media developments, such as the Internet and social media, which have become increasingly effective and necessary in this influential digital age. They contribute to efficiency, productivity, and expansion on a large scale. Out of all the mass media, the Internet is the most “democratic,” being that just about anyone can create a website and have an online presence. “Internet has made real what in the 1970’s Marshall McLuhan, a visionary of communications, called the “Global Village” (Internetworldstats.com, 2014). It has taken online competition to another level, which brings me to this week’s topic.


This week we explored the topics of branding and online reputations. With so much “competition” and with so many options to choose from, branding and establishing an online reputation is important; especially since there is such a large audience of internet users. There are more than 2 billion internet users in the world, and internet usage continues to grow at an exponential rate.





Check out the chart below of “World Internet Usage and Population Statistics” for 2012, which can also be found at www.internetworldstats.com/stats.htm.   




WORLD INTERNET USAGE AND POPULATION STATISTICS

June 30, 2012
World Regions
Population

( 2012 Est.)
Internet Users

Dec. 31, 2000
Internet Users

Latest Data
Penetration

(% Population)
Growth

2000-2012
Users %

of Table
1,073,380,925
4,514,400
167,335,676
15.6 %
3,606.7 %
7.0 %
3,922,066,987
114,304,000
1,076,681,059
27.5 %
841.9 %
44.8 %
820,918,446
105,096,093
518,512,109
63.2 %
393.4 %
21.5 %
223,608,203
3,284,800
90,000,455
40.2 %
2,639.9 %
3.7 %
348,280,154
108,096,800
273,785,413
78.6 %
153.3 %
11.4 %
593,688,638
18,068,919
254,915,745
42.9 %
1,310.8 %
10.6 %
35,903,569
7,620,480
24,287,919
67.6 %
218.7 %
1.0 %
7,017,846,922
360,985,492
2,405,518,376
34.3 %
566.4 %
100.0 %
NOTES: (1) Internet Usage and World Population Statistics are for June 30, 2012. (2) CLICK on each world region name for detailed regional usage information. (3) Demographic (Population) numbers are based on data from the US Census Bureau and local census agencies. (4) Internet usage information comes from data published by Nielsen Online, by the International Telecommunications Union, by GfK, local ICT Regulators and other reliable sources. (5) For definitions, disclaimers, navigation help and methodology, please refer to the Site Surfing Guide. (6) Information in this site may be cited, giving the due credit to www.internetworldstats.com. Copyright © 2001 - 2013, Miniwatts Marketing Group. All rights reserved worldwide.

The chart shows us the “big picture” of internet usage in the world by region.


It is apparent that creating a brand and reputation has been drastically affected by emerging media. Obviously, in regions where technology and emerging media is more advanced or prominent, such as North America, Asia, and Europe, the number of internet users is greater. Thus, this demonstrates that online branding and establishing an online presence is critical in a digital world. Having a strong, identifiable brand and online presence is like making a “promise” to your audience, whether your audience includes employees, customers, partners, students, members, or the like. All stakeholders get a sense of confidence in a promise that can be upheld, and also in knowing that they are linked, in some capacity, to something unique, reputable, valuable, meaningful, identifiable, purposeful, and trustworthy. This is what effective branding does. It is a commonly used marketing practice; a tool that strategic communicators use to help identify and differentiate a brand, a product, or a service. It helps to establish a reputation or image and engages a targeted audience. Branding is a great way to leverage an organization because it helps to influence a desired behavior.

Consider these companies……

Facebook, Starbucks, Coke, Apple, Apple, and Ford

They are all companies that we are familiar with because of effective branding strategies and strong, identifiable reputations. As reputable organizations, they have all established their own individual “personalities that are clear, consistent and compelling” to their audiences (Rosen, 2013, para. 10).


The beauty of branding is that it includes the efforts an organization or individual makes to establish a name for itself. It is used as a tool to communicate values, vision, purpose, and commitment; encourage democracy; promote productivity; and establish trust among stakeholders. This might be in the form of logos, slogans, news releases, press releases, product or service reviews, newsletters, brochures, cards, flyers, mailers, presentations, decals, banners, billboard signs, interviews, broadcasts, blogs, and a variety of other advertising and marketing efforts.

Two tools that are used when branding and establishing an online presence include logos and slogans. They are typically the most memorable to stakeholders. When a company displays its logo or slogan, this is a part of its branding efforts.

How many of these logos are memorable to you? Probably the majority. That’s the beauty of branding.



Benefits of Branding and Establishing an Online Reputation

Though the benefits of a strong brand and online reputation can be numerous, here are a few. Branding:

Identifies and differentiates. The advances in technology and emerging media have increased competition, especially in the online universe. When competing with other companies, branding is a great way to make yourself stand out in the “crowd” of competition, which is important when you have products and services that are widely offered.

Promotes growth and expansion. We know that the Internet can go into places that we may not ever have the opportunity to go into, and influence people in areas that we may not particularly be able to. A strong brand and online reputation can increase awareness, act as a platform for growth, and broaden the reach when entering into new markets or when expanding to offer additional products and/or services.

Influences audience behavior. In many instances, branding has a strong association with value and perceived quality, which is a major influential factor when choosing between brands. The result of a positive connection through brand quality is its influence on audience behavior. Companies with a favorable brand and online reputation will experience a more positive audience behavior.

Promotes trust, loyalty, and advocacy. Sometimes, as consumers, we are resistant to new or unknown brands, but not without good reason. Many companies put a great deal of effort into branding, which enables them to build a strong relationship and establish a loyal customer-base.

Commands a price premium. Customers are willing to pay more for a strong, reputable brand. In the consumers’ eyes, when quality is associated with a brand, it is worth sacrificing on cost.

An organization’s branding efforts and online reputation have definitely influenced my decision when choosing between brands. As a consumer, more times than not, I turn to reputable organizations that I know have had a history of offering quality products and services (based on their branding and online reputation). This is the case, even if I have to pay a little more for a product or service. My purchasing behaviors demonstrate how influential branding and an online reputation is.  


Before you go, I’d like to share a few fun facts with you relative to branding and slogans.

5 Fun Facts

1.      Folgers was introduced in 1850, but it was not until 1985 that the slogan “The best part of waking up is Folgers in your cup” was first promoted.
2.      Nike’s slogan  and trademark “Just do it,” which was coined in 1988, was inspired by Gary Gilmore’s last words, "Let's do it." Gilmore was an American criminal who was executed for murder.
3.      Although known for its catchy jingle, “I know what you do for me, Toyota,” Toyota’s actual slogan is ‘Let’s Go Places.’
4.      KFC’s first slogan in 1956 was “North America's Hospitality Dish,” but its most popular was “Finger lickin’ good,” which expired in the U.S. in 2006.
5.      Since 1978, Campbell Soup Company has had 6 slogans; the most predominantly used slogan being “Mmm Mmm Good.”

How many of those fun facts did you know? Comment to leave feedback.

It has been a pleasure! Be sure to visit back next week! Save this link to your favorites: www.myworldofcomm.blogspot.com. You can also subscribe to receive my new blog posts via email by entering your email address at the top right corner. 

Until next time!


References:
Mini Watts Marketing Group. (2012). Internet users in the world: distribution by world regions – 2012 Q2. Retrieved from http://www.internetworldstats.com/stats.htm

Rosen, N. (2013). Fundamentals of personal branding. Retrieved from http://www.businessinsider.com/fundamentals-of-personal-branding-2012-10#!Im0EX



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