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Product Launch: How to Build and Establish a New Brand in the Market

In breaking into the market and claiming a share of the pie, whether it is about launching a new product or service, among the numerous steps before entrepreneurs stands one demanding, yet indispensable task, which is successful branding. Younger generations of entrepreneurs, understanding the openness of the market, aim high from the early stages of their business, targeting the global arena, but the more experienced know that the domestic market can be equally challenging for the placement of a new brand. But where to even start?

How (and to whom) to position a new brand so that it does not fail after one season? In an age of rapid information dissemination, which marketing tools to use, and what to avoid? A good business idea and a quality product or service have long ceased to be sufficient for survival in the market – to affirm a new brand, it is necessary to tell potential customers and clients the entire story, precisely the one they want to hear.

Moreover, although in today’s digital age entrepreneurs have all possible tools and resources at their disposal for launching a brand, precisely because it is crucial to manage those resources adequately, the market competition for companies of all sizes has never been tenser. Fortunately, entrepreneurs do not have to go through this entire process alone.

Marketing and branding experts are here to lend a hand. In this week’s topic, we have outlined the necessary steps for creating and affirming a new brand, as well as common mistakes to keep in mind.

What to particularly focus on, what to keep in mind, and what to avoid in launching a new brand is advised by local marketing and branding experts Ana Pecotić (House of Branding), Marijan Palić, Luka Duboković (BBDO Zagreb), Petra Despot Domljanović (Fabular), and Fran Mubrin and Dario Dević (Agency 404).

What are the steps for successful branding, what are the most common mistakes when launching a new brand, and how to ultimately track the brand’s success once it is present in the market can be found in the new issue of the printed and digital edition of Lider.

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