| dezinSOURCE: Vol 5, Issue 1 Feature Article |
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Building your Brand: What's in a household name? By: Orhan Mc Millan A brand is a company's identity. It says who you are and what your business does, while impressing your credibility and importance upon customers. How you brand your business dictates how the public perceives you. Your logo, slogan, and color scheme all help build your brand, reflecting your company image over and over in your letterhead, business cards, branded envelopes, brochures, as well as your website. Your brand differentiates you from your competitors. The goal of all brand building should be to create a feeling of trust in people. People pay more for branded goods and clothing because of the brand's perceived value, so companies work hard to make their brand recognizable and trustworthy. A successful brand is one people associate with targeted products even when they are made by someone else, such as Kleenex or Xerox. Successful brand building has many benefits. Using your logo, slogan, and color scheme on all your printed and online materials constantly reminds your customers about your existence. Once your brand becomes familiar, selling is more efficient and effective. As an established brand, you no longer have to spend valuable advertising dollars explaining the nature of your business. People recognize your brand and know instantly what sorts of products and services they can expect from you. Quality brand building creates trust in people's minds, making them willing to pay more for brand name products and services. Build your brand and you will build your business and your profits. Brand development is a slow and natural process. Extensive research and planning are required to create a solid brand identity. Be sure to work with marketing and design experts when building a brand for your business. Successful branding will focus on what's unique about your company, setting you apart from your competitors. By developing a brand personality, you can connect with relevant consumers then begin to build a relationship with them as customers. Creating a logo is the first step in building a brand for your company. A logo is an image associated with your business. A logo design should be crisp and attractive, while bringing out the objective of your business symbolically. The colors you choose in your logo should be complemented by the color scheme you select for all your marketing materials. Selected colors should reflect the emotions and nature of your business. These colors will help consumers identify your company, so make sure they are colors you want associated with your business. A slogan is also an important part of brand building. A slogan is a few words saying exactly what your business is about. Slogans should be catchy and succinct, such as Nike's "Just Do It" and Skittles candy's "Taste the Rainbow." These slogans manage to capture the spirit and energy of the products they sell. As with logo development, take your time when creating a slogan and work with a design and marketing expert. The text of any slogan should be meaningful enough to lend depth to your brand identity. Impact can be create through alliteration, interesting word selection and imagery. Slogans can also be tailored to specific markets, so you are more likely to connect with particular consumers. The right slogan will say a great deal about what your business is and how you do it in very few words. Once you have developed a logo, slogan, and color scheme, your business is ready for brand promotion. Advertisements, event sponsorship, and press conferences are some common forms of brand promotion. In addition, social media marketing (such as blogging) have become an important form of promotion in the digital age. Your marketing experts will have ideas about ways to promote your brand by word of mouth and text on the internet. Explore many different ways of making your brand visible in target markets, and get creative. The more consumers see your brand, the more successful your brand will be. Visibility alone will not make you a successful brand name, however. Professionalism from start to finish is the only way to truly build trust in your brand. Customers will only trust a brand and pay more for it if they believe it to be a superior product or service by comparison, which means it is your responsibility as a company to make sure this remains true. A brand name only gains respect and trust by earning it, so don't make promises your business cannot keep and keep the promises you make. The faith your customers place in your brand will keep them as loyal to you as you are to them. Building a brand is one of the best ways to insure the future of your business, and make making money easier. With a little effort and time and help from marketing and design experts, your business can be a household name in no time. |
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