Brand Performance
The 8 keys to brand performance
In the era of the digital economy, the corporate brand is no longer a detachable element of the company, the brand has become the key resource of the company and its organization.
No business performance without brand - Why?
Because the brand is the only element that is transversal to the whole company and that allows the global transformation necessary to use the full potential of digital technologies.
1 - Brand positioning and market segments
The 1st step of Brand performance is the brand positioning and the transformation of the product catalog into market segments. People are looking for a solution or the answer to a problem on a search engine and not the description nor technical specification but simply the answer to very targeted needs.
2 – Brand Content
If the depth of expertise is measured by your market segments, i.e. the response to a targeted need, it is essential to publish content that refers to each targeted need. For example, wealth management for an entrepreneur has other needs and other specificities than wealth management for an executive.
3 - Definition and construction of the brand ecosystem
In addition to the traditional list of actual and potential customers, the company's ecosystem includes the complete listing of everything that makes your company exist: customers, subcontractors, suppliers, partners, professional associations, companies outside your field of activity with which you share the same type of customers, the academic world, the offline and online media, influencers, etc…
4 - The digital ecosystem
Transforming your business ecosystem into a digital ecosystem means building your Data. To transform this listing into Data, you need to establish a coding of your ecosystem by category and determine the relevance of the information you need. This is a key step in the digital transformation, i.e. an organization governed by Data, which is the only way to achieve Brand Performance and business performance.
5 - Datas
Data is the collective information that links all operations and allows for very precise and targeted steering of the company's organization and monitoring of the impact of marketing deployment.
6 - Establish the Brand KPI's
Brand KPI's, particularly for small and medium-sized companies, are merged with the company's KPI's at the strategic level, since digital has become the main channel of communication/sales in most economic activities. If brand awareness and recognition of expertise will determine the turnover generated by the ability to acquire new customers, the sustainability of the brand is now an essential factor of differentiation and added value for the company to be included in the KPI's
7 - Brand Monitoring
On the other hand, brand monitoring provides relevant information to improve its performance and even anticipate opportunities or threats. There are many monitoring software and among the most relevant information, the position of your brand on the pages of search engines, your position in relation to the keywords you have defined, the monitoring of your market and your competitors, etc.
8 - Digital technologies
The choice of a digital support is crucial, the traditional static website has had its day because it does not allow the interaction that Data allows to generate performance and a targeted performance. Today, there are turnkey platforms that integrate the entire organization of your company, whether it is communication / sales with an integrated CRM, the management of your communication flows (social networks, newsletters, etc.) as well as the promotion of brand content on search engines.
In conclusion,
the recipe for Brand performance and the Business performance =
1 positioned brand + defined market segments + brand content + building the digital ecosystem + Brand monitoring + latest generation digital platform
The images used in this article are not the property of Swiss House of Brands.
They are only used as illustrations to enhance the content.
Subscribe to our Newsletter