What's the difference between brand strategy and brand positioning? They're often confused, but they're different concepts. Brand positioning is how a brand is positioned, including its unique value proposition, messaging, and target audience. It's the tip of the spear when it comes to branding.
Brand strategy is the overall approach to branding that includes all aspects of the brand identity, including positioning, messaging, visual identity, and more. To put it simply, brand positioning is a key part of the overall brand strategy.
Here are a few things to remember:
Brand positioning is your brand's visible face, while brand strategy is the underlying framework. Brand positioning is how your target audience perceives your brand, while brand strategy focuses on how your brand delivers value to customers. Clear and compelling brand positioning helps you stand out in a competitive landscape and attract the right customers.
Your brand strategy should be grounded in your unique value proposition and should inform all aspects of your marketing. This includes your website, social media, and advertising campaigns. A well-crafted brand strategy drives growth and, like brand positioning, it evolves over time.
A brand strategy includes key elements like:
- Value proposition: clearly identifies the benefits your product delivers to its customers.
- Target audience: putting the spotlight on the people who matter to you.
- Brand identity: The visual, verbal, and experiential elements of your brand.
- Brand messaging: The language and tone used to communicate with your target audience.
- Brand positioning: How your brand is different, unique, or better.
- Brand experience: The overall experience a customer has with your brand, from the moment they first encounter it to their ongoing interactions with it.
While it's easy to dismiss brand positioning and brand strategy as nice-to-have, they're crucial business pillars. They underpin everything: marketing, sales, product development, HR, customer success, and raising capital. Without them, you risk having a generic brand that blends into the crowd.