You can have first-rate products and services, but if you can't establish the need, communicate the benefits and differentiate yourself from the competition in ways that make people want to do business with you, you'll forever be selling up hill.
As Robert Krumroy, Identity Branding, Inc. says: "Branding is about the customer--who has never met you--being able to answer the question: 'Why you?'"
Your "Value Proposition"
Your brand can be based in large part on your "value proposition," which is what differentiates you from your direct and indirect competition-and, if it's good enough, will draw people to you.
Your value proposition should be a clear, concise statement of why your business is unique and a better choice. Your market positioning, competitive analyses and SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) gives you everything you'll need to develop a value proposition based on your strengths, your competition, what your "ideal" customer wants from you, and how this benefits people in your markets.
This message must be delivered to your markets consistently and repeated frequently. If prospects understand what they need, trust you and connect emotionally with your message, sales resistance melts before your eyes. Yes, it's that powerful!
My Value Proposition:
First Impressions, Last
Short-term, smart professional branding gives you the immediate recognition, market access and momentum you need to attract customers and build sales; long-term, it can help increase market share, foster customer loyalty, sustain your client-building efforts-and practically guarantee clients will eagerly refer you to others ("Hey, look what I'm part of! You should be too!").
Branding should be part of your annual marketing/advertising expense budget. The Small-Business Administration advises entrepreneurs to use 5% of gross sales on advertising, but that varies depending on sales volume and location.
Everyone Has a Brand
"Everyone has a brand, like it or not," adds John Melchinger, The Marketing Coach?. "You have one. It may not be the one you want and you may not be nurturing it, but it's yours nevertheless. Not to shape your brand rigorously and nurture it is to leave it to your public to decide. That is the much less effective alternative."
Building Your Brand
The purpose of this exercise is to create a short message people will remember whenever they think about you. When part of a coordinated marketing plan, your professional identity brand will drive customers to your business. You will also need to give some thought to which medium to use.
Example: This is Joe Financial Advisor's brand identity. It's deceptively simple, yet sends a compelling message to his target market, Tool & Die Makers:
Insurance Solutions ? Precision Business & Personal Planning
Why are we a Tool & Die Maker's insurance solution? Because we care and take the time to understand your unique needs.
Write your own message here:
Need help building your brand? Try this?
? Give stamped, self-addressed envelopes to 25 personal and business acquaintances.
? Ask them to write down how they'd describe you to someone who doesn't know you or what you do. Let them know you're looking for objectivity, not what they think you want to hear.
? Don't pressure them; they don't even have to tell you who they are their replies (it would be better if you didn't know).
Compare the results of this survey with your own view of who you are and what you do based on your value proposition.
? Brainstorm: begin jotting down key words that could become part of your businesses brand name and slogan.
? Compare against your SWOT analysis.
? Then stop: leave these alone for a week, then come back and repeat this exercise until you're satisfied with the results.
Choosing media
Brainstorm ideas for communicating your brand. Write them down, confer with others, research?
? Which media will be the most effective?
? Which media will be the most efficient?
? Which media will integrate well with each other?
? Which media do you have the resources to implement and sustain now?
? How frequently should you communicate with your audience?
? What combination of effectiveness, efficiency and simplicity will best reach your audience with available resources?
When you're ready, summarize your conclusions in your Marketing Plan (you do have a marketing plan, don't you?).
But can you do all this yourself? Should you?
Of course, hiring a full-time marketing professional for your small business may not be feasible. That's why outsourcing might be your best bet
Want More? Send questions and comments to w.willard3@knology.net.
Bill Willard has been writing high-impact marketing and sales training for over 30 years-but as Will Rogers put it: "Even if you're on the right track, you'll get run over if you just sit there." Through interactive, Web-based "Do-While-Learning?" programs, e-Newsletters and straight-talking articles, Bill helps small-business owners and independent professionals get the job done: profitably improving performance, helping grow your business, skipping expensive mistakes, making the journey to success faster, smoother, easier. And fun!
As a graphic designer, I can tell you something right... Read More
New designer uniforms could be the gold charm McDonald's needs... Read More
The Sears-Kmart merger hopes to fabricate some sort of silver... Read More
What's Your Brand?A brand is a product/company personality that helps... Read More
Having a concise, clear image that you project to your... Read More
Your corporate identity is a graphic expression of who you... Read More
Try to avoid backing up whenever possible. Occasionally some one... Read More
Having a brand image is not a "have or have... Read More
All You Need is Branded Email Or Always Branded Email... Read More
Developing brand value is critical to every organization and when... Read More
How many times have you been at a networking function... Read More
Have you ever watched one of those home makeover shows?... Read More
The strongest and longest lasting brands branch off of an... Read More
Where is your brand positioned in the marketplace? How is... Read More
Successful Realtors know the importance of branding their identities into... Read More
Recently, I was reviewing our website statistics. One of the... Read More
Companies work hard building the strength of their brands -... Read More
The elements and functionality of the basic stationery system is... Read More
In the world of marketing, branding issues are always an... Read More
I love Pepsi. It's that slightly sweeter taste and the... Read More
Today, in many organizations around the world, branding is treated... Read More
As a beginner, you would be forgiven for thinking that... Read More
Did you grow up in the '70s and '80s? If... Read More
Businesses eager to open often give little thought to their... Read More
Measuring brand equity allows a company to establish a baseline... Read More
OK, so you took the plunge and purchased your internet... Read More
A branding company's website purpose is to design websites that... Read More
Acquiring another corporation usually means that the acquiring company's name... Read More
This may come as a surprise... to you, but Branding... Read More
Have you ever thought about branding your name? Does the... Read More
Ask your self this question, In which business are we... Read More
You work hard getting the right cover message and words... Read More
The absolute foundation of your small business is your image.... Read More
There have always been trademark issues and lawsuits in the... Read More
Branding is an application of appropriate marketing techniques in the... Read More
Here's a little story about what not to do as... Read More
Every day, the average person is exposed to millions of... Read More
All You Need is Branded Email Or Always Branded Email... Read More
Pick up almost any book or report on Mailorder Selling... Read More
Many businesses of today are often driven to compete striclty... Read More
Ask your self this question, In which business are we... Read More
You work hard getting the right cover message and words... Read More
How brand management can help utility organisations to create a... Read More
The quality of your logo can mean the difference between... Read More
My business logo and color scheme started one lovely spring... Read More
McDonald's buys its potatoes from corporate farmers in Idaho not... Read More
Building a product into a brand leader is not easy,... Read More
Having a concise, clear image that you project to your... Read More
Naming a business is like laying the cornerstone of a... Read More
A list of customers who have previously bought from you... Read More
New designer uniforms could be the gold charm McDonald's needs... Read More
Developing brand value is critical to every organization and when... Read More
Your brand is the culmination of everything about you and... Read More
Any business with the minimum interest to be successful should... Read More
I have never been a fan of Paris Hilton.I see... Read More
Branding has been defined, explained and examined extensively. There are... Read More
Logo, graphic, icon, logotype, typogram, logoform, image?call it what you... Read More
You don't think twice about a business card and letterhead... Read More
Look at your company logo. Does it fade into the... Read More
Quite often small business owners will ask me to reveal... Read More
You bet a name is important. Many small business owners... Read More
Having a brand image is not a "have or have... Read More
Successful Guru marketers have a secret weapon that they use... Read More
"Can you hear me now?"You'd be hard pressed to find... Read More
How do automotive detailing companies start? What makes them work... Read More
As many people know Industry Trade Journals in America have... Read More
Branding |