Create a stronger brand identity for your business. Rise above your competition, increase your bottom line, secure lifelong clientele, and charge a higher price. What’s not to like? Branding is not just for big businesses, and the faster you take it on, the faster you’ll feel the impact. Just starting out? You may like to take the Brand Archetype Assessment.
Understanding who you are targeting and reflecting this persona in your branding is key to creating a strong brand identity for small and medium businesses. Develop clear brand messaging that clearly communicates your value proposition. Align this with your brand design and assets. You'll need to deploy your branding consistently to facilitate trust and build credibility. Chopping and changing your branding could damage any brand equity you've already established, and quickly.
Branding doesn't have to be expensive, but it does need to be strategic. If your brand feels like it's 'just a logo', you need a brand strategy. Branding requires a significant amount of expertise that extends well beyond logo creation. Nike for example, didn't become Nike because it had a cool tick. It became Nike because its founders invested heavily in advertising campaigns that emphasised their brand attributes. For example, aligning themselves with high-profile athletes. If they'd just invested in ads that say something like, '$80 runner, buy now', that's all their brand would ever be - a bland price spiral in the wrong direction - down. Instead, they invested in positioning their brand, not just their product, as the representation of athletic innovation.
If you truly want to scale your business, there will come a point where you'll evolve your brand from a transactional product or service, to a desirable one. Need help evolving your branding? You may be interested in brand development services for small business.
Sure do. Strong and consistent branding helps a business differentiate themselves from competitors, builds credibility and can create a loyal following that results in repeat purchase behaviour. Strong brands can charge more because they tend to be more trusted even if it's quite simply because the business is more familiar compared to the competition. For example, you'll be more likely to click on an ad from a business that's familiar to you, than a business you've never heard of before. This drives down your acquisition costs as a business, helping you to maximise return on advertising investments.
Branding can sound airy-fairy, but scalable revenue is anything but that.
Work with a brand or marketing expert to solidify a branding strategy for your business.