The marketing practice of creating a name, symbol or design that identifies and differentiates a product from other products. An effective brand strategy gives you a major edge in increasingly competitive markets. But what exactly does “branding” mean Simply put, your brand is your promise to your customer.your brand is your promise to your customer. It tells them what they can expect from your products and services, and it differentiates your offering from that of your competitors. Your brand is derived from who you are, who you want to be and who people perceive you to be.
The Role of Branding in Business Marketing. With any new business, establishing your foot in the market and to your target audience is crucial. Building your brand around your products or services is easily done if you have background knowledge and research.
The differences between brand and branding is that one is a marketing tool and the other is an action. Perhaps the biggest mixer upper I hear in business is the use of brand and branding as interchangeable words. Some people also call advertising branding (it’s not even close). Branding is an action. Branding often takes the form of a recognizable symbol to which consumers easily identify, such as a logo.