One of the most common words we often hear in today’s society is the concept of branding. It gets brought up frequently in matters of business, as a moniker for how a company is seen by the rest of the world. It’s also stated by entrepreneurs that having a well-stated brand is one of the most important things for a company to have. But what exactly is a brand?
A Brand Is a Result
Branding isn’t necessarily about what a company’s logo looks like, or what their slogan is. Sure, those things are a huge part of it, but they aren’t exactly the brand itself. Actually, a company’s brand is a result. It’s the customer’s gut feeling about a product, service, or company after they’ve been exposed to it in some way.
To simplify matters, a brand is kind of like a company’s reputation. When you think of a company, what comes to mind? Is it really just what the company does, or do other things come to mind as well? More often than not, the answer to that question is a resounding yes.
Thousands of Mini-Brands
Fascinatingly, this idea extends infinitely into the ether. Since a brand is a result of reputation, then it stands to reason that every single person has their own version of a company’s brand. Indeed, a company’s brand isn’t just the brand they’ve created—it’s also the millions of brands that people have created for them!