How It Works - Branding Strategies

Branding strategies are the long-term plans an organization lays out for certain goals to distinguish themselves from the competition.

A branding strategy is the blueprint by which a company uses to define what they stand for.

The types of branding include:

Line extension- This is where the business responds to the needs of its clients by introducing additional products.

An example is when iPhone introduced bigger screens on the phones for clients.

Brand extension- This is the strategy where the business first establishes its brand in a specific market.

Then introduces a new brand in a new market, within a related field.

New brand- This is where a firm comes up with a new product for a new market.

It is the most expensive strategy.

Having an effective branding strategy is a sure-fire way to differentiate your business from competitors.

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Видео How It Works - Branding Strategies канала Tony Peacock - LinkDaddy - Backlinks & Seo Services