Individual branding is a marketing venture wherein a company focuses on building a unique brand name for every product. In simple terms, this technique focuses on creating a respective branding strategy for every product line by evaluating its target audience, market presence, and unit selling points. Companies do not prioritize putting the parent brand in the limelight but the product! It is a trusted way of targeting different market segments with a newly named item.
However, the success of this branding strategy depends upon the approach a business adopts. You need to enter the market at the right time with a noteworthy launch to get the crowd’s attention. Read on to figure out how you can make the most of individual branding!
Individual Branding Introduction: Things To Know!
A well-planned individual branding strategy helps a parent company tackle numerous market challenges and in-house branding problems. It allows a firm to keep the customer response to one product separate from the rest. All this branding introduction requires is classic creativity, appealing designs, and eye-pleasing visuals. Let’s look into the pros and cons of this popularly used branding process!
Advantages Served By Individual Branding
Makes market positioning easy for a new brand or product launched by a company
- Allows keep a diversified product range with both cheap and expensive options
- The fallout or negative publicity of one product does not hamper others
- Promotes the use of different branding strategies
Disadvantages Associated With The Practice
- Managing numerous product lines may make it riskier for a company to handle
- Individual branding for every product comes at an added expense
Building customer loyalty to the parent brand is quite challenging in this setup since consumers notice the disparity between the products launched in different categories
Individual Branding Inspiration From Successful Firms
You can always learn from leading competitors in the market who have set the best individual branding examples. If you analyze the branding journey of these brands, you might figure out the key aspects of growth in this field. Let’s have a look!
Procter & Gamble (P&G): This parent brand has hosted 65 individual products successfully that we can put in 10 broad categories. The branding approach is so good that most customers do not know all these brands are from the same company.
The Coca-Cola Company: This name needs no introduction! Its wide range of soft drinks and refreshments has captured a vast section of the market
Let VOWELS Commence Your Individual Branding Journey!
As we discussed here, an individual branding strategy has numerous layers, and its success highly depends upon its implementation. VOWELS can help you ensure everything goes right with your approach. Our analytical team researches the ongoing marketing trends and breakouts to sketch out the best plan. We back our planning with top-notch creativity to create the best branding outputs. Contact us to discuss how you can launch a product to get a massive response!
Some Common FAQs
Q. What are the best individual branding examples?
Ans. The best individual branding examples are Coca-Cola, Thumbs Up, Fresca, Minute Maid, etc. All these products are from the Coca-Cola Company with a unique identity of their own.
Q. Which is the most accurate individual branding strategy?
Ans. The accuracy of an individual branding strategy will depend upon the creativity, planning, design inputs, and knowledge put into it.
Q. Which agency provides individual branding services?
Ans. The most reliable agency that provides individual branding services is VOWELS. It is a leading branding agency with years of market experience.