Measuring your brand health is not only a good idea, it's essential for understanding how your brand is performing. Moreover, with the right metrics and tracking programme in place, a regular brand check-in can help you assess the impact of your marketing activities and help you strategically focus on the elements of your brand that will deliver the best outcomes for your business.
Why is the brand important? Consider this quote from John A. Quelch, from Harvard Business School:
For many non-profit organisations and consumer goods companies, their brand is, along with their people, the most important asset they have.
A strong brand is a crucial factor for any successful business or organisation. Brand health is not just about how much revenue your company generates, but the strength of your brand and its ability to create affinity within the minds of your consumers. Failing to have a strong, health brand, can affect a businesses to sell, to attract and hire the talented staff, and to grow. Without it your customer awareness and your bottom line suffer.
Meanwhile, a healthy brand is the telltale sign of a company ready and able to prosper.
Brand health transpires across all areas of an organisation—internal and external. To carry its message internally, it needs constant repetition to help employees fully adopt and communicate it. Only when your employees are on board will it be strong enough for potential new customers and an external audience to take notice.
Imagine all the types of media your potential customers are exposed on a daily basis: video commercials, online ads, radio ads, billboards, emails, cold calls. Your brand needs to be strong enough to stand out and cut through all of that noise.
Your brand lives in the mind of the consumer. Only those brands who master brand health can push through the clutter and sit tight at the top.
To learn more about how to measure and improve your brand health, check out our new e-book "Brand Health Check" by clicking on the button below.