Brand Expansion: Bane or Boon?
Chirodip Basu Roy
LinkedIn Top Voice. Branding & Marketing Strategist with 25+ years of experience helping businesses grow through digital transformation, social selling, and online strategy. Former banker, LBS graduate, and board member.
Don't we all loose our sleep over how to expand a product line without diluting the brand. Sound familiar? With my experience of over two decades in marketing, from the bustling streets of Mumbai to the gleaming towers of Dubai and now in the vibrant London, I've had my fair share of these brainstorming sessions. So, grab a cuppa (or something stronger, I won't judge), and let's chat about strengthening your brand intact while growing your product line.
1. Brand DNA: The Heart of the Matter
During my time at Noor Bank we were expanding faster than anything, and the temptation to slap our name on any mew business was real. But here's the thing - your brand isn't just a fancy logo or a catchy tagline. It's the very soul of your business.
We'd often ask ourselves, "Would Noor do this?" It became our litmus test for every new product or service. It's not about being stuffy or inflexible; it's about staying true to your true nature - who you actually are.
2. Visual Harmony: More Than Just a Pretty images
Now, let's talk about looks. No, not ours. I'm talking about your brand's visual identity.
Back at Ahli United Bank, we were revamping our entire visual identity. It was like trying to give a makeover to a large, traditional family - everyone had an opinion! But we knew we needed a look that could work across everything from posh wealth management brochures to everyday current account leaflets.
Think of it like coordinating outfits for a family photo. You want everyone to look like they belong together, but not like they're wearing uniforms. It's about creating that 'family resemblance' that makes your brand instantly recognizable, whether it's on a billboard or a biscuit wrapper.
3. Consistent Messaging: Singing from the Same Hymn Sheet
At Noor Bank, we had more debates about branded house vs. house of brands than there are types of tea in a British supermarket. But here's what I learned: whatever route you choose, your message needs to be as consistent as a British queue ??.
It's like being the conductor of an orchestra. Each instrument (or product) has its own unique sound, but they all need to play the same tune. Whether we were launching a new credit card or a savings account, we made sure it told part of the larger Noor story. It's not just about what you say, but how you say it - your tone should be as familiar as your local barista who knows your coffee order by heart.
4. Customer Experience: Make Them Feel at Home
Ever walked into a friend's house and immediately felt at ease? That's what your brand experience should be like, no matter which product your customer is interacting with.
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At Citibank UAE, we worked harder than a tea lady at a conference to ensure that applying for a credit card felt as familiar and comfortable as opening a savings account. It's about creating that sense of 'home' for your customers, like a warm cup of tea on a rainy day.
5. Product Integration: Playing Nice in the Sandbox
When I was cutting my teeth in FMCG, I learned that introducing a new product is like bringing a new kid to the playground. They need to fit in, but also bring something unique to the game.
It reminds me of when we were expanding Noor's product line. Each new offering had to complement the existing ones, not start a turf war. It's a delicate balance, like trying to add Marmite to your product line - it needs to belong, but not overpower everything else!
6. Feedback Loop: Your Customers Know Best (Usually)
Here's a pearl of wisdom I've picked up along the way: your customers are your best brand guardians. They're like that brutally honest friend who'll tell you if your new haircut is a disaster.
At Ahli United Bank, we set up feedback channels like we were preparing for a British complaint festival. And you know what? It was brilliant. We listened, we adapted, we evolved - always within our brand's framework, of course. It's a continuous process, like trying to perfect your gran's secret recipe. You tweak, you taste, you tweak again.
In Conclusion: The Symphony of Brand Expansion
Expanding your product line is like conducting an orchestra. Each new product is an instrument, and your job is to make sure they all play in harmony. Done right, it's a symphony. Done poorly, well, it's like a primary school recorder concert.
So, next time you're considering a product line expansion, take a moment. Put the kettle on. Have a biscuit (or three, I won't tell). Reflect on these points and ask yourself: Does this new addition truly belong in our brand family? If the answer is a resounding yes, then full steam ahead!
What's your take? Have you navigated a product expansion recently? Any disasters or triumphs to share? Drop your stories in the comments. After all, we're all in this together, aren't we? And if nothing else, it'll give us something to chat about besides the weather!
Lead Powerful Impact – Leadership, Team and Business Coach | B Corp Consultant | Speaker | Economist | Scale your Impact, Sustainability, with Lead Powerful Impact Ltd – Certified B Corp.
2 个月A very good reminder here!
Business Coach ?? I Help Coaches, Consultants, SME & Entrepreneurs to Grow Their Bizz Online ????????| Personal Growth Coach?? | TEDx Speaker ??| LinkedIn Wonder Woman ??♀? | AI Enthusiast | Visit LHMAcademia.com
2 个月Can’t wait to dive in!!
Principal and Managing Director @ Holtarka | FCA Approved
2 个月Six great tips for managing effective product lines for a business based upon experience Chirodip Basu Roy a good recorder concert is clearly something he is looking for!
I always love your articles Chirodip Basu Roy so humorous, informative and engaging. From the family photo to the orchestra, this will relate to any business, large or solo.
Stop Giving Your Innovation and Knowledge to Competitors · Brand and Reputation · Competitive Advantage · Strategy ·
2 个月Super important conversation around one of the key value drivers in your business with Chirodip Basu Roy