A strong brand strategy is about having a strong brand with a clear identity. A strong brand strategy will boost your perceived credibility, help you stand out from your competitors and reach your business’s full potential. A clear identity helps you communicate your core values effectively, identifying and reducing anything that might work against your goals.
In Australia, a brand strategy can cost between $12,000 and $25,000, but it depends on the agency and the depth of the strategy.
You can create a strong brand strategy roadmap by defining the purpose of your brand, identifying its strengths and weaknesses, focusing on your target audience and creating a compelling brand story, personality and visual identity.
Your branding strategy is a long-term plan that helps establish the direction of your marketing strategy.
A brand strategy is a document that includes elements like brand positioning, buyer persona and brand identity. It’s made up of text, images, graphs and other elements. In terms of presentation, there’s a lot of flexibility and some templates available online to help you get started.
A brand extension strategy is when an established brand launches a new product or expands into a new arena under their existing name. One of the most successful examples is Apple’s transition from a computer manufacturer into a smartphones and tech giant. A decent brand extension strategy uses a well-known brand name and a successful brand identity to a company’s advantage.
A brand strategy document outlines everything your brand is trying to achieve, including your brand identity, voice, story, values and design.
A brand communication strategy is an outline of how you plan to achieve your brand’s goals through communication. It includes the message you wish to convey, the target audience you wish to hear it and the channels you intend to use.
Branded house is a strategy that involves selling a company’s different products under the same brand name, keeping the brand identity and messaging consistent.
Multi-brand strategy is the opposite to branded house, and it involves a company’s different products possessing distinct brand names and identities.