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iPOTT          10-Feb-12

                 Getting you there…
                                         Finding a Best Practice for Branding

Go Goal                                  Branding is a very intricate area that involves creativity,
                                         passion, drive and most important a strong understanding of
                                         market trends. Even some of the best companies have
Set, Get, Go…                            committed mistakes in this subtle area. The tendency of most
                                         humans to accept the best in market is still in vogue. To break
To visit this blog Click here.           that spell one requires a strong business acumen and
                                         dedication to company’s brand image.
iPOTT being an end to end
provider of innovative and cost          Human psychology is such that it associates itself with those
effective services in the areas of       products that can speak its language. Once associated it is
knowledge management, sales              difficult to break that bond. It is therefore important for
enablement and consulting offers         companies to create this emotional value in customers to gain
a unique and unbiased platform           their loyalty in long run. Brand power is an important factor
for software product companies           that can control the performance of a product in market.
worldwide to reach their target
markets                                  Some of the best companies have lost battle to their
                                         competitors due to incompatibility in branding. A few such
                                         examples include Microsoft’s Passport which was initially
                        www.ipott.com    called Microsoft Wallet, then Passport, .NET Passport and so
                        info@ipott.com   on until finally it came to an end in 2009.Vista is another
                                         example. Encarta which was an online multimedia
                                         encyclopedia launched in 1993 lost its battle to online free
                                         encyclopedia in 2009. Coke is another example which lost its
                                         image and trust amongst loyal customers while trying to
                                         introduce ‘New Coke’ in 1985 after changes in the brand value
                                         which in this case was ‘introducing a new taste’. Skewed
                                         market research results sent wrong messages across Board
                                         which is remembered even to this day. However, having learnt
                                         from mistakes they are now global brands and have created a
                                         massive market for their products.

                                         IBM, GE and HP are some of the leading brands and as a first
                                         time seller competing with that brand image is a little difficult


                                         1|P a g e
                                                                  DN: 008/GG/2012 V1.0    Copyright © 2012 iPOTT
iPOTT
                 Getting you there…
                                         for emerging Software Product development entrepreneurs.
                                         One of the biggest mistakes that software companies do is
                                         hype before launching the product in market. Hyping raises
Go Goal                                  people’s expectations and could send wrong messages if the
                                         product fails to fulfill first time buyer criteria during
Set, Get, Go…                            promotions or after selling to customers. This could affect
                                         their brand image in market.
To visit this blog Click here.
                                         Product mixes offered, pricing strategy adopted, product
We have blogs targeting a range of       design, consistency, and follow up on products are critical to
audience starting from potential         build trust and loyalty in customer’s minds. Marketing is an
product innovators to CEOs               expensive process and can prove even more expensive when
                                         conducted the wrong way.
Audience interested in knowing
about Marketing Strategy, Indian
IT trends and Best Practices to be
adopted while kick-starting
company can utilize the
information provided in these
blogs

Technology Trends

CEO Speak




                        www.ipott.com
                        info@ipott.com




                                         2|P a g e
                                                                 DN: 008/GG/2012 V1.0   Copyright © 2012 iPOTT

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Finding a Best Practice for Branding

  • 1. iPOTT 10-Feb-12 Getting you there… Finding a Best Practice for Branding Go Goal Branding is a very intricate area that involves creativity, passion, drive and most important a strong understanding of market trends. Even some of the best companies have Set, Get, Go… committed mistakes in this subtle area. The tendency of most humans to accept the best in market is still in vogue. To break To visit this blog Click here. that spell one requires a strong business acumen and dedication to company’s brand image. iPOTT being an end to end provider of innovative and cost Human psychology is such that it associates itself with those effective services in the areas of products that can speak its language. Once associated it is knowledge management, sales difficult to break that bond. It is therefore important for enablement and consulting offers companies to create this emotional value in customers to gain a unique and unbiased platform their loyalty in long run. Brand power is an important factor for software product companies that can control the performance of a product in market. worldwide to reach their target markets Some of the best companies have lost battle to their competitors due to incompatibility in branding. A few such examples include Microsoft’s Passport which was initially www.ipott.com called Microsoft Wallet, then Passport, .NET Passport and so info@ipott.com on until finally it came to an end in 2009.Vista is another example. Encarta which was an online multimedia encyclopedia launched in 1993 lost its battle to online free encyclopedia in 2009. Coke is another example which lost its image and trust amongst loyal customers while trying to introduce ‘New Coke’ in 1985 after changes in the brand value which in this case was ‘introducing a new taste’. Skewed market research results sent wrong messages across Board which is remembered even to this day. However, having learnt from mistakes they are now global brands and have created a massive market for their products. IBM, GE and HP are some of the leading brands and as a first time seller competing with that brand image is a little difficult 1|P a g e DN: 008/GG/2012 V1.0 Copyright © 2012 iPOTT
  • 2. iPOTT Getting you there… for emerging Software Product development entrepreneurs. One of the biggest mistakes that software companies do is hype before launching the product in market. Hyping raises Go Goal people’s expectations and could send wrong messages if the product fails to fulfill first time buyer criteria during Set, Get, Go… promotions or after selling to customers. This could affect their brand image in market. To visit this blog Click here. Product mixes offered, pricing strategy adopted, product We have blogs targeting a range of design, consistency, and follow up on products are critical to audience starting from potential build trust and loyalty in customer’s minds. Marketing is an product innovators to CEOs expensive process and can prove even more expensive when conducted the wrong way. Audience interested in knowing about Marketing Strategy, Indian IT trends and Best Practices to be adopted while kick-starting company can utilize the information provided in these blogs Technology Trends CEO Speak www.ipott.com info@ipott.com 2|P a g e DN: 008/GG/2012 V1.0 Copyright © 2012 iPOTT