BrainStation’s Digital Marketing career guide can help start a career in marketing, including content creation, social media marketing, email marketing, and more. Read on for an overview of the differences between growth marketing and brand marketing.
The modern marketer has to understand how to employ both growth marketing and brand marketing techniques in tandem to bring the best possible return.
In fact, growth marketing to some degree depends on brand marketing. As opposed to growth hacking, which is purely driven by tactical performance marketing, a goal of growth marketing is to create brand awareness and affinity among customers who should perhaps buy your product even if they aren’t ready to do so yet. In other words, the results of your marketing efforts must be sustainable.
That leads us to something both brand and growth marketing strategies have in common, and one reason it makes sense to use both strategies together: their success is measured in the long term. And to that end, successful growth and brand marketing strategies both require and reward commitment.
As interest in both marketing strategies has been on a steep upswing in recent years, it’s worth taking a look at both brand and growth marketing on their own merits before exploring the differences and relative advantages of both. In the following articles, we’ll explore both brand and growth marketing.
Brand marketing is focused on boosting and establishing a company’s brand. Brand Marketers would start by identifying your brand and asking yourself questions such as these:
The ultimate goal of brand marketing is to boost awareness, visibility, and recognition of your brand while creating clearly defined – and positive! – emotional associations between your brand and your consumers. Consider how we associate Apple with innovation, ease of use, and clean design, or how Nike will always be linked to sweat, hard work, and determination.
In other words, brand marketing is less about pushing a specific product or promotion and more about telling your story in a way that resonates.
Establishing a brand as rock-solid as those mentioned won’t happen unless Digital Marketers stick to several principles:
With brand marketing, measurable objectives could include friendly media coverage, attention or endorsements from influencers, or heightened social media engagement.
The average Brand Marketing Manager Salary in the United States can range from around $70,000 all the way up to $170,000. There is such a wide degree of variance because Brand Marketing Manager can in many companies be a very senior position, but the median base salary for a Brand Marketing Manager is around $120,000.
Growth marketing is concerned with the entire funnel, where the goal is revenue growth not merely through bringing in new customers but also through the activation, retention, referral, and monetization of the customers you already have. Growth marketing is removing the boundaries of marketing to enable every aspect of the customer experience to focus on attracting more engaged customers,” said Mike Volpe, CEO of Lola.com.