More and more pharmaceutical companies now begin to realize the power and importance of brands. So how are companies to brand their products to put them ahead of the competition? A good name is a good start. A great name can boost the value of a brand and a poorly chosen one can mean disaster for the product.
That is why marketing teams are now spending a lot more resources on creating the right name for their pharmaceutical product. For instance, some people find the Cordran tape price expensive without insurance, but it remains a popular product partly due to its well-chosen name. However, naming medicines is hardly the same as naming electronic products. The processes involved are different. In any case, should the product be sold globally, the name must be easy to translate.
Another important part of pharmaceutical branding is logo design. The logo must be in tune with the intended market in terms of font and colors. A good pharmaceutical logo design can make a huge impact on the consumers.
Take, for example, Cordran tape (flurandrenolide). It has a very simple yet memorable logo created by its brilliant marketing team. That’s why regardless of the Cordran tape price, it remains popular.
Packaging comes third on our list of top branding considerations. Like the brand name, the packaging should also stand out. The point is to attract attention and interest in the product.
Branding also has a psychological Component. In fact, you may surmise from your day-to-day experiences that branding is actually essentially psychological. For example, if a pill is too big and looks difficult to swallow, a dark-colored coating will make it look smaller and thus easier to handle. If you noticed, pills with high toxicity levels are rarely coated red because according to experts, “hot” colors subliminally inject an impression of threat. How a drug looks may not effect other factors like the price of the product, but it sure can have an impact on user experience. The Cordran tape price may be received differently by different users, but their experience of the brand remains the same.
Pharmaceutical branding considerably depends on marketing and promotional materials too. Pharmaceutical products made for pediatrics must be bright-colored in order to appeal to kids.
Pharmaceutical companies are barely new to branding logo design – they’ve been doing it for so long! They have been distributing free samples to doctors, along with free notepads, pens, etc. As promotional products, all these proudly bear the name of the company they represent. The Cordran tape price becomes nothing to the doctors receiving free samples of the product, and that helps the company promote it even more.
Pharmaceutical branding goes on even farther beyond. Now, they are adding the web to their strategy. As part of their practice, some doctors now have websites of their own. Even if the doctor doesn’t usually use a site, they understand it is there for reference purposes or if a patient has a query that he or she can’t address. Patients are usually concerned about pricing so if they wanted to know how much the Cordran tape price cost, they probably won’t fit it on the doc’s website. But the site can take them to another site that publishes pharmaceutical product prices.