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Brand Audit

The word “audit” has such a negative connotation doesn’t it? The first thing most people think of when they hear the word “audit” is the IRS. Negative word association for sure! But did you know that the definition of the word audit is “an official inspection of…” or “a systematic review or assessment of something.”

 

 

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Avoid Common Rebranding Mistakes

Smart companies know a brand must evolve over time to stay relevant. Some of the top reasons for a rebrand are:

*Respositioning the company or one of its products(Target did a great job at this.)

*Move the brand upmarket(Looks like Ford is trying to do this. I’ll reserve judgement on whether it is successful or not.)

*Communicate a new message or fundamental change(Starbucks is not just coffee, as evidenced in their rebranding.)

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When to Audit Your Brand

What is a brand, really? I have heard many answers to this question, and I have narrowed down what I believe a brand is to the following:

-The unique impression you leave on your customers

-The look of your company

-The special ways you deliver your products or services

-Your attitude and the way you advertise yourself

And most importantly…

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Brand Audits

Our last blog covered some of the benefits of nurturing your brand. This installment will go into more detail about the top benefits of having a strong brand, then how a brand audit helps you develop a marketing strategy that will build on your strengths and address your weaknesses.

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Brand Interactions: Touchpoints

Think about all of the different ways that your brand interacts with and makes an impression on your customers, your employees, and all of your critical partners and stakeholders that help to bring your brand to life. Your brand might touch these consumers on a daily basis.

With each interaction you are given the opportunity to give your customer a great experience — building stronger brand equity, or give them a poor experience —damaging your brand in that customer’s eye.

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