Advantages and disadvantages of branding
Branding
Simply branding is the practice of creating a logo, or design that gives a unique identity to our company. Branding is important as It is a way of differentiating ourselves from our competitors. By using several branding strategies, we can shape our customer's perceptions. Branding always tries to create a unique identity in the market.
Branding helps in advertising more easily.
By applying branding strategies it is very helpful for expanding our product mix
Branding helps in getting us a wider audience reach
Branding makes customer acquiring easier
Branding makes able a company in tracking competition easily
Better return on investment and also we can enhance our business value by using various branding methods and strategies.
Proper branding may also increase the productivity of our employees
The branding is such an expensive process which includes various kind of activities which involves higher cost.
Sometimes branding may create some sort of confusion
And also branding will lead to monopoly
It takes time for developing a brand and also establishing a branding process.
It is a very rigid process.












