50% of People Look to a Slogan to Understand a Company's Purpose, Compared to Only 7% of People Who Believe the Logo Is Most Important, New Data from The Manifest Finds
A brand slogan has the power to influence purchasing decisions, according to data released today. Nearly half of people (47%) said a company's slogan or mission statement was important when they were deciding to make a purchase.
Nov 17, 2020, 08:52 ET
WASHINGTON, Nov. 17, 2020 /PRNewswire/ -- A new study found that surprisingly, only 7% of consumers believe logos are important for understanding a business's purpose. This data comes from a survey of 501 people in the U.S. published by The Manifest, a B2B news and how-to website.
Half of people (50%) said a company's slogan is the brand element that helps them understand the company's purpose the most, followed by the company's name (13%).
The Color Blue Signals a Company's Trustworthiness
While a company's brand colors may not be important for understanding what a company's all about, people agree that some brand colors foster more trust than others.
More than half of people surveyed (52%) said a brand's colors are the least important brand element if they're trying to learn about a company. Brand colors, however, evoke emotions, and more than one-third of people (35%) agree that blue is the most trustworthy brand color, followed by green (12%), red (8%), and orange (5%).
Design and branding experts interviewed about the survey findings shared that businesses should consider combining colors and shapes to convey their business's purpose. "Shapes help create connection or symbolize structure," said Reese Spykerman, owner of Design by Reese.
For example, a blue logo could be paired with circles and soft edges, according to Spykerman.
Brand Slogans Influence Purchasing Decisions
Nearly half of people surveyed (47%) said a company's slogan is very or somewhat important when deciding to make a purchase.
The survey also asked about company names and found names that are descriptive of the business to be the most popular (49%).
Read the full report here: https://themanifest.com/digital-strategy/6-brand-elements-rebranding-strategy
For questions about the survey or comments on the findings, reach out to Mandile Mpofu at [email protected].
About The Manifest
The Manifest is a business news and how-to website that compiles and analyzes practical business wisdom for innovators, entrepreneurs, and small and mid-market businesses. Use The Manifest as an approachable tour guide through every stage of the buyer journey. With three main offerings – data-driven benchmarks, step-by-step guides, and agency shortlists – The Manifest strives to make your business goals a reality.
SOURCE The Manifest
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