Branding 101: How To Build A Strategic Brand in 2023 - Summary

Summary

The following is a concise summary of the video transcript:

The video is about branding 101, how to build a strategic brand that influences audiences to choose your business over your competitors. The video covers the following topics:

- What is branding and why is it important?
- What is the difference between brand strategy and brand identity?
- What are the nine pillars of a successful brand?
- What is the process of building a brand and marketing it?

Branding is about making a business more appealing to a certain group of people by understanding their needs, desires, fears and personality, and offering them something different and valuable in the market. Branding is also about influencing the perception that the audience has of the brand, which is not a tangible thing but a perception that lives in the market.

Brand strategy is the plan behind the brand and how it will engage, resonate and connect with the audience. Brand identity is how the brand shows up visually in the world, such as the logo, colors, fonts, etc. Brand strategy guides brand identity, but they are not the same.

The nine pillars of a successful brand are:

- Brand DNA: The purpose, vision, mission and values of the brand that guide its decisions and actions internally.
- Target audience: The specific segment of the market that the brand wants to appeal to and be relevant to.
- Positioning strategy: The difference and value that the brand offers to the audience compared to its competitors in the market.
- Brand personality: The traits and characteristics that the brand uses to communicate and resonate with its audience.
- Verbal identity: The way the brand speaks in the market, such as its tone of voice, language and style.
- Brand messaging: The messages that the brand wants to say to its audience to influence their perception and decision.
- Brand story: The story that the brand tells to its audience to connect and resonate with them emotionally.
- Brand name and tagline: The strategic tools that tell the audience who the brand is and what it's about quickly and effectively.
- Visual identity: The visual assets that the brand uses to show up in the market, such as its logo, color palette, fonts, image style, etc.

The process of building a brand and marketing it involves:

- Developing each pillar in chronological order according to the video.
- Understanding where the audience is congregating online and offline and how to engage them on different channels and platforms.
- Using a funnel to guide them along every step of the journey until they become a customer.

Facts

Here are some key facts extracted from the text:

1. Branding is about making a business more appealing to a certain group of people than the competitors.
2. Branding involves building a brand strategy and a visual identity that are aligned with the target audience, the market position, and the brand personality.
3. Branding is not about how a brand looks, but how it influences the perception and decision of the audience.
4. Branding is not the same as marketing, but it supports marketing by providing a vehicle to communicate and engage with the audience.
5. Branding is based on understanding the audience's needs, desires, fears, motivations, and personality traits.
6. Branding consists of nine pillars: brand DNA, target audience, positioning strategy, brand personality, verbal identity, brand messaging, brand story, brand name and tagline, and visual identity.