Focusing on localisation is an important tactic when maximising revenue streams specific to a local market. Expansion and sustainability become more feasible when businesses are able to make use of geospatial data to improve their KPIs.
Using geospatial tech, businesses need to lean into measurement tools that provide insight into core segments like competitors, demographics, real-time neighbourhood data, and brand-based analytics per region. Finding the best methodology to use branding relative to its local market can be the difference between getting lost in the rush and standing out in a saturated market.
There are numerous case studies that reveal how important proper execution of branding is in a localised setting.
Improving Profitability – Cadbury’s Advent Calendars
There are many metrics used to measure the success of a business, but profit is the most essential one for sustaining the model. After all, you cannot continue to run a business if you’re not making any money. When you are able to find out what your target market wants and looks forward to, you can use this in your own branding and create a demand for it.
Cadbury has been at the top spot in the UK for years. One of the ways they capitalise on this is through their yearly advent calendars. They combine their best chocolate products with little goods that they know will be enjoyed by their target market due to localised research. In turn, the local market is always eager to get the perfect calendar when the Christmas period comes around every year.
Shaping Brand Perception – Bloom & Wild’s “Not for sale” Campaign
How you present yourself affects brand perception, which is crucial when establishing your target market and creating a positive image that results in sales. Various factors immediately impact how people view your business – your name, logo, and your ads.
Let’s take a look at Bloom & Wild, which immediately lets the audience know that they are a flower delivery company. Their “Not for sale” campaign, which spread ads that said they wouldn’t be selling roses because there is more to love than that particular flower, was a response to their research that British individuals find red roses one of their least preferred Valentine’s presents.
When honing in on what your audience is looking for, being creative is an absolute must. Use tools at your disposal to execute this correctly, like a business name generator that establishes a localised domain and provides you with geospatial insights to target your local market.
Increasing Visibility – Nike’s “Nothing Beats a Londoner” Campaign
Good branding also helps you resonate with a local audience. This makes you recognisable and expands your reach by simply putting you at the forefront of your marketing campaigns. When aiming to grow brand awareness, consumers differentiate you from others in your market and it helps foster loyalty.
Nike, despite being a well-established brand, needed to create more visibility in the London market. This was achieved by their “Nothing Beats a Londoner” campaign, which hinged on the local sentiment and environment that Londoners are familiar with. Google searches for “Nike” in London saw a 93% increase. This is a testament to how you can truly get people invested in getting to know your business if your branding is relatable and distinctive.
Building Trust – H&M’s Amsterdam Concept Store
If people don’t trust your brand, they will simply go to your competitor. This is why building trust is essential if you want to create loyalty.
One of the biggest factors that consumers think about now is brand values. H&M exemplified this in their branding efforts in Amsterdam, going as far as establishing a concept store that hinged specifically on the desire of Dutch consumers for sustainable and local services. Here, they offered a “repair and remake” department as well as smart recycling bins that customers can make use of.
Responsive branding based on the habits and buying preferences of local markets can help increase trust in your business.
Beating Competitors – Jollibee’s “Kwentong Jollibee” Campaign
Local markets are inevitably divided by market shares based on your competition. Through branding campaigns, you can let the audience feel more connected to your brand. If it feels more locally relevant, they are more likely to trust and invest in your brand.
One example of this is Jollibee’s Kwentong Jollibee campaign in the Philippines, which used local stories to capture audience affection and incorporate their products. This campaign has amassed more than 44.6 million views and translated to huge conversions, firmly placing Jollibee’s market shares above hard-hitting competitors like McDonald’s and KFC.
James is the head of marketing at Tamoco