Brand awareness is one of those concepts you hear and recognize as necessary but need to learn how to define it.
What strategies are the stepping stones to a great brand awareness strategy? So, you must ensure that your audience knows who and what you are, how it sounds to be a brand spokesperson, and why they should follow. Below are all the details regarding brand awareness buildup.
Therefore, raising brand awareness continuously needs constant reminders, among other things, to ensure its success. The marketing strategies outlined in this paper will help you achieve brand awareness, increase market presence, and ensure your business grows. While you need to be prepared for the long haul, as building a firm brand takes time, the benefits are worth the struggle.
When you build brand awareness, you build your brand value. And when you make your brand value, you find new audiences. But why is that important? And, crucially, what are the practical steps you can take to raise brand awareness proactively?
A quick scenario: two pairs of virtually identical-looking sneakers were set in front of you, and one was asked to choose which pair you would like to run a 5K with. They look very similar at first sight, but all have the same level of foam, arch support, and weight. It would be a hard decision.
Now imagine one of them has a big black swoosh on the side. You’re probably going to go with the Nikes, right? The black swoosh represents more than just Nike; it represents the brand identity. The identity behind the logo shows courage, athleticism, and so much more. That’s the power of brand awareness.
What is Brand Awareness?
The idea is that brand awareness is how well your brand succeeds in people’s minds and their level of identification with the fact you have a brand. Unlike a straightforward individual metric, brand awareness is not just one KPI but touches upon many aspects, including traffic and social share of voice.
Later in this post, we’ll delve into gauging brand awareness. For now, consider it a key measure of your brand’s well-being.
If your brand has robust awareness and recognition, people readily associate it with your category’s products or services. Your brand is the first thing that comes to their minds. They recognize your logo or tagline, making communicating effectively through social content easier, especially in images or short-form videos.
Brand awareness is a required first step before building brand loyalty. After all, customers can’t love your brand until they know and recognize it.
Think about it as the difference between Coke and store-brand generic cola. No one’s wearing a T-shirt showing their love of generic cola. Sure, people buy it – usually because it’s the cheapest option. But no one is evangelizing for the generic brand.
The most valuable brands are generally the most recognizable. Nike is the most valuable apparel brand. Apple wins the consumer technology category. Yes, Coca-Cola is tops in food and beverages.
You don’t need to reach the level of these behemoths to benefit from brand awareness, but there’s a lot you can model in how these companies have built their brands.
Why is Brand Awareness Important?
The example above is a good starting point in recognizing the importance of building brand awareness, but many business benefits come from raising your profile in the public eye. For a start, here are a few eye-opening stats:
Three killer stats about strong brand awareness:
46 percent of consumers would pay more to purchase from brands they trust
Brands with consistent presentation increase revenue by as much as 33 percent
Brand awareness takes 5-7 impressions to create.
1. Recognition and Familiarity
Recognition and familiarity among consumers is brand awareness. If consumers are aware of a brand, they tend to think about it in decision-making. It creates confidence and reliability; thus, customers are more likely to adopt the brand over competitors they have to acquire familiarity with.
2. Increased Sales and Market Share
Increased sales and market share can be positively related to brand awareness. As for a brand that gets consumers accustomed to it, they will purchase more of its products or services.
3. Customer Loyalty
Establishing strong brand awareness enhances customer loyalty. When people are familiar with a brand and hold positive sentiments, they are likelier to become devoted customers. This leads to consistent product purchases, word-of-mouth promotion, and reduced sensitivity to price concerns.
4. Competitive Advantage
A brand’s competitive edge is established by its brand awareness, showcasing its unique qualities compared to its rivals. A powerful brand can distinguish itself by catering to specific consumer needs and values that align with its core principles.
5. Positive Word-of-mouth and Referrals
Making sure people know about a brand is essential because when customers are happy and see a lot about a product or service, they tend to tell their friends and family about it. This sharing of positive experiences helps bring in new customers and increases sales.
6. Brand Equity and Value
Brand equity is developed through brand awareness. The reputation associated with positive features such as quality, reliability, and innovation makes a firm brand name. This enhances the company’s worth through increased return on investment and enhanced goodwill, among other factors.
7. Easier Market Entry and Expansion
When many people know and recognize a brand, it makes it easier for a company to enter new places or grow where it already is. If a brand is well-known in a new area, it’s better than other brands that must work harder to get noticed by people there.
8. Resilience During Challenges
In challenging periods like economic downturns, a robust and well-known brand proves resilient. Consumers often remain loyal to familiar and trusted brands, even when presented with lower prices or new competitor products.
Brand Recognition vs. Brand Awareness: What’s the Difference?
Brand recognition means that a person can identify your brand by looking at visual signs like logos and colors. For example, if you see pink and orange letters, you’ll know it’s Dunkin’ Donuts even before reading the words.
On the other hand, brand awareness takes brand recognition to the next level. It involves remembering the business name (hey, ideas for creative business names!) and the overall business perception. It’s not just about the things a company sells but also the overall experience. When people know a brand well, its ads and marketing messages tell them something meaningful. They evoke feelings and emotions.
Ten Strategies to Increase Brand Awareness
Need help making your brand recognizable as one of the world’s biggest household names? Spoilers: they’re all doing the same things with a relentless focus and frequency. Here’s what building brand awareness takes…
Ten strategic ways to increase brand awareness:
- Prioritize consistency.
- Be about more than just your products.
- Give back.
- Think omnichannel.
- Partner with like-minded influencers.
- Run a thought leadership program.
- Advertise with intelligence.
- Become a sponsor.
- Be memorable with your output.
- Measure brand awareness to increase it.
1. Prioritize Consistency
Be consistent in everything you do, including your logo, colors, tone of voice, or mission statement. This will help customers remember and recognize your brand more easily.
2. Be About More Than Just Your Products
This could be a value, a cause, or a lifestyle. Customers who feel a personal connection to your brand are likelier to become loyal customers.
3. Give back
Support local events, contribute to charities, or volunteer for a cause you believe in. Showing that you care about giving back to the community lets customers know your focus is not solely on making money.
4. Think Omnichannel
Be present on all the channels where your customers are. This can involve social media, search engines, and traditional ads. The more places where people come across your brand name and logo, the better chance they have of remembering it.
5. Partner with Like-Minded Influencers
Find influencers whose values and audience align with your brand. When they talk about your products or services, their followers are likelier to listen.
6. Run a Thought Leadership Program
Create informative and educational contents to educate and inform the targeted audience. It may involve blogging, article writing, webinars or even podcasts.
7. Advertise with Intelligence
Don’t just run ads because you have to. Selecting the right platforms, aiming at the correct audiences, and developing relevant ads also matter.
8. Become a Sponsor
Sponsor events/charities/sports teams: this will place your brand in front of a new audience and enable them to establish a relationship with potential consumers.
9. Be Memorable with Your Output
Create unique, creative, and engaging content. This could include videos, infographics, or interactive experiences. When your content is memorable, people are likelier to share it with friends.
10. Measure Brand Awareness to Increase It
By tracking essential metrics like website traffic, number of social media followers, customers’ opinions about your brand, etc., you can see how brand recognition has grown over time; use this information to make any necessary adjustments in marketing strategies as well as keep on increasing the levels of brand awareness.
The success of any business largely depends on its level of brand awareness. It’s the knowledge and recall level that customers have about a firm’s products. When done well, this can boost customer loyalty, expand your market presence, and establish your company as a leader in the industry. This article will explore the most effective methods to increase your brand’s popularity and set your business apart.
How to Build Brand Awareness?
You could put your company name on all local billboards, but most entrepreneurs need help to afford such expensive advertising. Also, increased exposure does not necessarily equal increased recognition of a particular brand.
For more straightforward yet effective ways of building brand awareness, you may want to:
- Create a custom hashtag for Instagram.
- Participate in or sponsor local events.
- Post regularly to social media using your brand voice.
- Display ads on the Google Display Network.
The majority of people would recognize these brands and experience their distinct atmospheres when looking at the logo or hearing a clip from one of its jingles. You can also create brand recognition for your company by having striking visuals, advertising in appropriate areas, and writing content with a unique voice.
Want Help Building Your Brand?
As a top digital marketing firm, Britechx helps businesses create powerful brand awareness strategies to increase the reach of their brands and deepen connections with their preferred target audience. By offering a wide range of digital marketing solutions, such as social media marketing, content writing, and international online presence management, our company helps businesses build solid brand names on the global World Wide Web. We are closely partnering with your group of experts to understand the nature and identity of your brand, values, target components, and stakeholders while formulating strategic plans tailored towards aligning with the set objectives.
In other words, Britechx can customize a solution to take advantage of the tools available for digital marketing and maximize its reach to promote brand awareness, create engagements with audiences, and make customers loyal.
Takeaway
Brand recognition is long-term, and its longevity depends on the consistency of action in both strategies and creativity. Since the beginning, it has remained one of the pillars on which successful businesses nest. When properly utilized, it can spur customer loyalty, gain market share, and build a firm’s reputation as a champion in its field.
Focusing on consistency, being more than just their products, giving back to the world they operate in, thinking omnichannel, partnering with like-minded influencers, running a thought leadership program or advertising intelligently, and measuring brand awareness leads companies to increase it. It broadens the horizons of a successful business built on an awareness of the brand. When it works right, branding will create customer loyalty, boost market share, and make the company a leader in its field.
Britechx’s holistic approach to brand awareness challenges combines industry expertise with highly individualized solutions.