After recently discussing the process for brand growth for Freedom of Movement, a South African lifestyle brand, in an online discussion forum I decided to expand further on this thinking and consider more options for their possible growth. The possibilities I considered include launching a new brand, extension strategies, multi-brand strategies and endorsement strategies. Each of which aligns to a specific strategy to enter either new or existing markets, using either new or existing products.
New Brand Launches
According to Klopper and North (2011) this involves the development of a new brand, often in a product class not served by an organization. It’s important to consider whether the new brand would not be better off under the name of an existing brand in the portfolio. For example if FOM wanted to launch sparkling water. It would be a good idea to ask whether this product should not be under their existing brand as an instore offering. Launching as a separate brand could be costly and cause confusion for stakeholders.
Multi-Brand Strategies
A multi-brand strategy involves marketing products under different brand names. In this strategy, a product is introduced under a new brand name without any links to the FOM brand (Riezebos et al., 2003:234). Under this heading FOM could look at launching more lifestyle products under a different brand. The difference may be in the price or whether the new products are misaligned to FOM’s values.
The advantages would be reducing competitor awareness, targeting different points in the market or experimenting with different types of brands and markets. In doing so they could essentially be their own competition and run the risk of cannibalization.
Endorsement Strategies
This is when a product brand is positioned differently from the parent brand while still maintaining the values and associations of the parent band. An endorsement strategy that FOM have utilized very well is their endorsement with Siya Kolisi. What FOM and Siya Kolisi share is a passion for authentic design, South Africa and the upliftment of communities. Both brands have been able to leverage their positive associations off each other to create a powerful endorsement strategy.
Extension Strategies
The growth strategy that I landed on for FOM was a brand extension strategy, which is used to enter a new product category using an established brand name. I thought that this strategy suited the brand and would allow the brand to continue growing in their intended direction. As FOM are a strong brand, this strategy will allow them to confidently launch new products.
These new extensions need to be aligned with the core vision and values of FOM. It's important to consider how FOM’s consumers will react to these extension as a misalignment can result in confusion for stakeholders. It’s important to gauge what the consumer knows and feels about FOM and if these extensions will add value. DelVecchio (2000:457) states that brands can reduce the risk through the following extensions; line extensions, brand extensions and co-branding.
Line Extensions
FOM could launch a new product that is similar to their already popular products. For example new colours or sizes of their already popular ‘vellie’ range. Or new forms of already popular bags they produce. All these small changes or perceived improvements have a number of advantages of increased sales and increased brand awareness. However, if an extension fails it could damage FOM’s brand.
Another growth strategy within their existing range is to focus more marketing campaigns on existing products and grow these products in their existing markets.
Brand Extensions
FOM could make use of a brand extension by creating a new product in a different category. For example; branching out into a category like wetsuits because they believe that FOM would do well within the surfing market. By leveraging their strong brand name and their associated quality, consumers reduce their risk when purchasing a new product. This market isn’t too different from their current product range so it won’t create confusion and skepticism from consumers.
Co-Branding
According to Simonin & Ruth (1998) brands from different organizations could align to engage in strategic or tactical brand building programs. Two strong brands can gain an advantage by releasing a product that displays a logical relationship. FOM could co-brand with another local brand, like Pedersen & Lennard for example, and create an umbrella that still fits into both brands market category. They would be able to leverage off each other to grow sales and awareness. They could quickly extend their brand portfolio this way and reach a larger audience.
Conclusion
I think that with an extension strategy FOM could grow their brand and see an increase in sales and brand awareness. They need to carefully consider each extension to avoid any confusion and negative influence it may have on their brand.
References
DelVecchio, D. 2000. Moving beyond fit: The role of brand portfolio characters in consumer evaluations of brand reliability. Journal of Product & Brand Management, 9(7):457-471
Freedom of Movement Website: https://www.freedomofmovement.co.za
Get Smarter. 2023. Brand Growth Strategies (module eight). Available on GetSmarter portal.
Klopper, H.B. & North, E. 2011. Brand Management. Pearson: Cape Town.
Riezebos, R., Kist, B. & Kootstra, G. 2003. Brand Management: A theoretical and practical approach. Essex: Pearson Educational Limited.
Simonin, L.B & Ruth, J.A. 1998. Is a company known by the company it keeps? Assessing the spillover effects of brand alliances on consumer brand attitudes. Journal of Marketing Research, Vol. 35, February: pp.30 -42.






