BRAND SPACES
BRAND SPACES
Developing stylish areas that are decorated and designed to
appeal to your target market, even if they do not sell your core
products, will reinforce your image and help customers appreciate
the distinctiveness of your products and brand.
https://greatbussinessideas.blogspot.com/2019/01/brand-spaces.html |
The idea
One of the trendiest new ideas in marketing, brand spaces advocates
creating stylish spaces—perhaps a bar, art gallery, lounge, or
exhibition hall—that may not be directly related to your main product
but where individuals are immersed in your brand image. Practiced
by leading companies such as Apple, ING Direct, Kodak, Google, and
Nokia, there has been a dramatic increase in the number and quality
of brand spaces.
French car manufacturer Renault uses brand spaces with a high
level of commitment and panache, running four brand spaces in
Buenos Aires, Bogota, Mexico City, and Paris. Its latest project,
the Terrasse Renault in Mexico City, is impressively designed, and
centers on “a bar with wooden latticing, through which visitors
can glimpse the Renault zone, where car prototypes are exhibited.”
Occupying prime real estate in global cities and offering gourmet
cuisine, art galleries, and seamlessly blended marketing, the Renault
brand spaces are characteristic of the concept. Renault describes its
brand spaces as “hosting artistic, cultural and sporting events in
keeping with the brand’s universe to reinforce Renault’s energy and
identity as a visionary, warm and innovative brand.”
https://greatbussinessideas.blogspot.com/2019/01/brand-spaces.html |
The innovative design of brand spaces includes Nokia’s “silence
booths” for people seeking temporary quiet and calm at music
festivals; Coca-Cola’s “Red Lounges” designed to provide multimedia
experiences to teenagers in malls in Illinois and Los Angeles; and
Microsoft’s Xbox 360 Lounge in Tokyo incorporating VIP rooms,
multimedia opportunities, and even Xbox-themed mixed drinks.
With an increase in lifestyle brands, brand spaces can reinforce your
organization as part of an idealized culture and aesthetic that is
sculpted to the tastes of your target demographic. Brand spaces help
sell directly and indirectly. They also build the value of your business
by generating understanding of—and affinity for—your brand.
https://greatbussinessideas.blogspot.com/2019/01/brand-spaces.html |
In practice
• Consider where your target demographic market would choose
to go to enjoy their free time and use your brand space to create
an idealized version of it.
• Recognize the variety of options you have when creating a brand
space; focus on individuality.
• Remember that the aesthetic and physical design of the brand
space is usually vital.
• Choose which specific aspects of your company’s service and
image will be portrayed in the space.
• Provide a range of activities for visitors to enjoy.
• Decide what the emphasis of your brand space will be—for
example, convenience, culture, excitement, or relaxation.
• Choose your location carefully—whether you choose an airport,
shopping center, music festival, or simply a city street to be home
to your brand space, is the fi rst step to ensuring the project is
a success.
https://greatbussinessideas.blogspot.com/2019/01/brand-spaces.html |
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