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Marketing Vs Branding: What's the Real Difference?
Marketing vs branding is a major issue because not knowing the difference could be fatal for your business. It's a ...
Marketing vs branding is a major issue because not knowing the difference could be fatal for your business. It's a common mistake that many people make, but the differences are stark.
Branding consists of cultures and values. A brand has a set of rules that owners outline for the company.
Marketing entails tools and strategies used to promote your company. Marketing typically consists of SEO ads, local ads, social media ads, among other advertising avenues.
When dealing with branding versus marketing, branding is more important. Your brand will dictate how you craft your marketing campaigns.
This article will show you the differences between branding vs marketing in more detail. Let's explore.
Branding Separates Your Business From Competitors
A brand is the identity of your company. It communicates values, personality, and mission statements. When it comes to missions, ask yourself the following questions:
- What are my short-term and long-term goals?
- How can my product or service help the public?
- How is my product or service different from competitors? If it's not different, how can I separate myself from the competition?
- How can I give more value to consumers?
These are substantive questions that will define your brand. That said, marketing helps your business stand out as well. For example, color schemes, logos, and website design are all marketing tools. Additionally, content marketing can convey your company's values and mission statement to the public.
Brand Marketing vs Content Marketing
Brand marketing comprises informative, entertaining, or educational content. Instead of the product itself, a brand marketing campaign appeals to a person's emotions.
The sole aim is to get consumers attached to the brand. For example, the LEGO Movie franchise is a great brand marketing because the movies offer humor and fun. At the same time, the movie markets LEGO products to audiences worldwide.
Brand marketing is a key strategy because emotional attachment can lead to lifetime loyalty to a certain product. Conversely, content marketing builds trust with consumers. To build trust, give consumers valuable information or solve their problems.
Content marketing normally includes articles, blogs, e-books, videos, or whitepapers. You can also get creative with your content marketing endeavors via webinars or infographics.
Digital Marketing vs Brand Marketing
Webinars and infographics can attract immediate eyeballs in the digital age. As more businesses conduct business online, owners must know some key distinctions. Whereas digital marketing advertises certain products and services, digital branding is a long-term sales strategy.
Overall, you're building brand identity through digital means. Digital branding is better because you can reach more people in a shorter timeframe. Conversely, digital marketing is solely about advertising products and services and doesn't cover your company values and culture.
Branding Creates Company Values
Company values make your business unique. For example, you can create 10 core values and post them in the workplace. A visible set of core values establishes uniformity and ensures that all employees adhere to these values. When creating values, take note of the following examples:
- Doing the job with passion and dedication
- Taking initiative (i.e. taking risks and adapting when necessary)
- Working together as a team
- Learning and growing
- Fostering a fun work environment
A relaxed work environment will boost morale and attract top talent. Google, for example, is known for its relaxed atmosphere.
An easygoing environment translates into a positive work culture. A company that supports employees can reduce stress within the workplace. Further, employees who have more creative freedom can enhance the company's growth in unexpected ways.
Cultures and values can spread via the press and word of mouth, enhancing your reputation in the process.
Consistency Is Key
As a business owner, you set the tone and message that you wish to convey to a mass audience. This is why it's important to craft a stellar brand identify to avoid miscommunications with the public.
Moreover, you must maintain a consistent image. When talking about McDonald's, for example, customers expect the same type of food across all franchises.
If the food tastes different at one franchise, it could confuse and frustrate consumers. As a result, they may never come back to that location, or they may never return to another McDonald's again.
Marketing Drives Sales
A consistent brand is important, but it won't mean anything if no one knows about it. This is where marketing is key.
If a fast-food chain develops a new chicken sandwich, they need a sales campaign to foster awareness. The sales campaign may come in the form of television ads, online ad campaigns, posters, etc. That said, marketing campaigns must be consistent as well.
All marketing campaigns should incorporate the company logo and imagery that establishes the company brand. For instance, all McDonald's sales campaigns should have golden arches and a red backdrop. Sales campaigns without consistent imagery will confuse consumers.
Marketing campaigns are important, but they're temporary. It's a tool used to increase sales. Conversely, a brand instills customer loyalty. In fact, a stellar brand can instill lifelong customer loyalty.
If talking about the video game industry, for example, many gamers will only buy Sony consoles instead of Microsoft's Xbox consoles and vice versa. Effective marketing will secure short-term sales, but a brand will secure long-term sales.
Marketing Vs Branding: Which Is More Important?
When it comes to marketing vs branding, branding should be your priority. Your brand consists of your values and culture. It involves creating value for customers and distinguishing yourself in the marketplace.
Marketing should be your second priority to spread the word about your brand. Also, marketing lets customers know about your line of products or services.
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