• Sunday, December 22, 2024
businessday logo

BusinessDay

Business branding vs. brand identity

Branding Trends for 2025: What to Expect & How to Prepare

Both branding and brand identity work to enhance your business, but how? Let’s turn to Seth Godin for help: “A brand is a set of expectations, memories, stories, and relationships that, taken together, account for a consumer’s decision to choose one product or service over another.”

So, if your branding is the basis of your brand, what is your brand identity?

Those questions and more are answered in this article. We’ll uncover key differences between branding and brand identity, and we’ll look at both in more detail.

Brand, Branding, and Identity in a Nutshell

“The way a company brands itself is everything…. It will ultimately decide whether a business survives.” —Sir Richard Branson:

Here are a few useful definitions:

Brand. The meaning people attach to your organization, product, or service. It’s who you are as a business—and, more specifically, who your audience perceives you to be.

Branding. The perception of a brand is shaped by branding—the management of a brand. Branding is the deployment of the strategic plan for your brand so that you ensure your audience perceives your business as you intend.

Identity. The sensory elements used to identify a brand, including your logo, colours, website, brand photography, and digital marketing efforts.

With that essential information in mind, let’s explore five key differences between branding and brand identity.

1. Your brand identity is tangible

While your business’s brand is abstract, your brand identity is material. Brand identity takes the form of physical (also digital) goods, such as stationery, brochures, books, signage, apparel, and anything else that can be marked with your brand’s logo. Your brand identity efforts are what your audience associates with your brand.

2. Branding is an action

Sending out an email campaign, posting on your business’s social media channels, and creating new website content are all actions that work toward forming your company’s branding.

Branding is communicating to your audience what your business is about, why it exists, and why it’s better than the competition.

Read also: How to give your brand a health check and catch problems early

3. Your brand is (in part) your tone of voice

How you communicate with your customers comes under your brand. For instance, if you consider your business to be a responsive brand, all of your messaging should mirror that. Your tone of voice reflects how quickly your business adapts to current market trends and pivots its products and services accordingly.

4. Branding is an action verb

Your business’s brand takes care of the “who” of your company. Branding acts as a verb and describes the “how” part of the brand puzzle.

To ensure your marketing efforts are consistent when you’re considering business branding, ask yourself:

How will your business deliver its key message?

How will your mission statement be displayed?

Branding, at its core, is a marketing function. Branding marketing campaigns create brand awareness and encourage your target audience to buy from you because great branding is what keeps people coming back as repeat customers.

5. Design is the basis of brand identity

Establishing a consistent brand identity means your customers have no problem recognizing your brand.

Your business logo is just one element of your brand identity, but, together with other visual brand elements, it works to provide your customers with the reassurance they need that they’re in the right place.

Why Is Branding Important?

It improves recognition. Your brand is more recognizable when branding efforts are consistent across communication channels.

It creates loyal customers. By adhering to your brand promises, you naturally create advocates for your business.

It differentiates your business. Communicating your business’s values in a consistent manner makes you stand out from the competition.

An Example of Brand Identity

Arguably one of the most recognized brands in the world, Google is an example of an incredibly successful brand identity. Its friendly bright colour palette is synonymous with its brand and is incorporated throughout the business’s message.

Google uses its brand identity to give its customers confidence that they can expect the same experience regardless of which Google service they use.

Building Your Brand Identity

A brand style guide is a great idea to keep all your brand identity elements in one place for team members to refer to. A guide helps ensure everyone concerned has an apt understanding of your business and the message it’s conveying, and it helps deliver consistency and therefore reassurance to all audiences.

How to Nail Your Branding

The most effective branding strategy depends on your business model and target audience. Take the time to delve deep into your customer personas, find out where your target audience resides, and then create branding strategies to deliver your message in the right places.

“Every interaction, in any form, is branding,” according to Seth Godin.

To recap…

Brand: What your audience thinks and feels about your business and products or services.

Branding: The process of growing and nurturing your brand.

Brand identity: Tangible entities that can be seen, heard, touched, or held.

Last line

It’s impossible to have a strong brand identity without a brand. Likewise, you can’t have a successful brand without a brand identity. To build a lucrative business, your branding and brand identity must work in harmony to create marketing campaigns that sell to new customers, win back lost customers, and drive business growth.

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp