February 14, 2023

8 branding myths debunked

Branding is a complicated field, which is why there are so many myths about it. Explore our new blog post to know more about the 8 branding myths debunked.

It's not just for big businesses; branding extends beyond coming up with a catchy slogan; it may and should change over time; and it's not just the marketing department's job. It's a never-ending process that requires not just bringing in new clients but also maintaining and fostering client loyalty. Organizations must recognize the value of branding and invest in it in order to ensure long-term success.

We've probably heard all of these myths about branding before. Branding is a complicated field, which is why there are so many myths about it. Don't worry if you've heard any of these myths before; you're not alone. It's time to clear the air and dispel each myth once and for all.

A strong logo is the most important aspect of branding:

A strong logo is necessary, but it is only one component of an overall branding strategy. Other factors to consider are messaging, values, and customer experiences. A solid brand is the foundation of any company. It distinguishes you from your competitors, fosters trust with new customers, and ensures a consistent experience across all touchpoints.

Branding is just for big companies:

Branding can help small businesses, if not larger ones. Developing a unique brand identity can help small businesses stand out in a crowded marketplace and attract new customers. However, creating a brand identity for a small business is more than just designing a logo and slapping it on your website.

Branding is all about creating a memorable tagline:

A memorable tagline can be an effective part of a branding strategy, but it is only one component. A strong brand incorporates numerous elements, such as visual design, messaging, and customer experiences. When developing a brand, it's critical to consider how all of these different components fit together. A memorable tagline can be a powerful part of a branding strategy, but it is only one component.

Once a brand is established, it can't be changed:

To remain relevant and reflect changes in the business and market, a brand can and should evolve over time. However, if a brand is changed too frequently, customers may lose trust in the company and feel taken for granted.

Brands must be extra cautious about how they evolve their identity in today's fast-paced world of consumerism and instant gratification.

Branding is just for the marketing department:

Branding should be a company-wide effort that involves and is supported by all departments. This is due to the fact that the brand is a reflection of the entire company, and every aspect of it contributes to its success. Brands are built on consistency, so make sure everyone understands what your company stands for and how you want to be perceived by customers.

Branding is only about creating an image:

Visual elements like logos and packaging are important, branding is also about creating a perception and emotional connection with customers. This can be accomplished through the use of words, colors, sounds, and visuals. Coca-Cola, for example, uses red as its primary brand color because it elicits feelings of warmth and excitement (and many other things).

Branding is a one-time effort:

Branding is a continuous process that necessitates ongoing attention and investment to maintain and evolve. The key to successful branding is to get it right the first time so you don't have to redo it later. Branding is an investment; you may believe that doing it yourself is less expensive, but the truth is that your time is not free. If you have to spend hours coming up with a name and logo, it will cost you money because you won't be able to work on other things.

Branding is only about attracting new customers:

Important to attract new customers, branding is also about retaining current customers and building loyalty. Even in the face of competition, a strong brand can help keep customers coming back. Branding is more than just a logo; a brand is much more than that. It includes everything from your company's interactions with customers to your mission statement and values.

This is a short exercise for you to answer:

Think of a memorable tagline for a brand you admire. What makes it memorable, and how does it fit into the overall brand strategy?

Branding is a complex and ongoing effort that is critical to the success of a business. A strong brand includes many different elements, such as messaging, values, customer experiences, visual design, and so on. Branding is not limited to large corporations, it is more than just creating a memorable tagline, it can and should evolve over time, and it is not solely the responsibility of the marketing department. It is a continuous process that involves not only attracting new customers but also retaining and building loyalty with current customers. As a result, it is critical for businesses to recognize the value of branding and invest in it to ensure long-term success.