Creative Agencies Toronto

Key Brand Development
Strategies
There are four strategies for branding strategies. These are the four strategies.
Product line extension
Product line extension is the act of adding a product to an existing product list. This branding strategy is
used by most businesses. It is one of the most popular branding strategies. Take PepsiCo as an example.
They first created the Pepsi brand and received positive feedback from customers. Then they added
more products to their existing product line, such as Sprite and many others. The brand was already
well-known. It is much easier to add new products and promote them.
Multi-Brand
Multi-brand branding strategies allow for the addition of a brand under the same product category. This
is a common strategy used by large corporations. Manufacturers of frozen vegetables might have
several brands that they can compete with. However, they may share the same corporate ownership.
This is done to control a larger market share and decrease the competition's footprint. A multi-brand
strategy has the disadvantage of being expensive and takes longer to get to the top. Additionally, PNM
Group is one of the leading Creative Agencies Toronto that can help you in any digital field.

Brand Extension
Brand extension is the addition of product lines of different types under the same brand. Superdrug
stores sell multiple product lines. Eye drops, cosmetics, hand wash and baby diapers are all available at
Superdrug. This branding strategy has provided a significant source of profit and boost to businesses.
Brand New
A new brand is, as the name implies, an addition to a parent company's existing brand. A brand new is
like starting with a new slate. JD Sports is the perfect example. The store's owner has managed it
successfully for many years. From a single shop, he now owns a chain of stores across the UK. After
establishing stores all over the UK, he decided that he would open a luxury shop called 'House of Fraser.'
He decided to open a brand-new store called House of Fraser. To make the venture a success, he had to
do everything starting from zero. He had experience in setting up and managing stores. It was not too
difficult for him. He launched the brand successfully. He now runs two brands across Europe.
HOW PNMGROUP CAN HELP WITH BRANDING SERVICES

PNMGroup, a digital marketing agency based in Toronto, Canada is a leader. We offer branding services
to Real Estate Agents. Home buyers, sellers, and leasers no longer must visit the Realtor's office in order
to view the properties. You can communicate with your customers at any hour of the day with Individual
Realtors like RINA.CA and PPRETEAM without having to go to the office.
CONCLUSION
With the aid of cutting-edge tools, branding agencies can provide regular quality traffic to your website.
This increase in traffic helps to increase leads. You should create a brand story and brand care.
PNMGroup, a Toronto branding company, has a portfolio that will help you tell your success stories.
PNM GROUP is the right company to help you find the best branding companies in your area.
PNMGroup has Toronto branding experts. Our clients can be among the top in their respective niches.
This allows us to continue being the best service provider in our field.