Branding is more than product recognition or a simple logo. It is the overall intellectual and emotional impression people have when they think of your company and its product. It is a strong and consistent message about the value of your business. Branding is a combination of everything your company uses to present itself. It also helps to ensure your customers and potential customers understand why you are different from the competition. You want to establish a superior benefit with you target audience that encourages long-term loyalty.
When I mention UPS or Budweiser or Ipod, you most likely have specific impressions of each business and what they offer. Corporations spend millions each year reinforcing their brand. A memorable and trustworthy brand reinforces customer loyalty. It helps them remember that your business provides the perfect solution to their problems.
Therefore, to succeed in branding you must understand your customers' needs and issues. Then, create a positioning statement and messages that speak to those needs and issues. Make sure your marketing materials are consistent. They should have the same colors, fonts, and include your logo and contact info. And, your marketing materials should reinforce your company's image and positioning over and over and over.
Brand building is an ongoing business strategy that has an easy-to-measure cost in time, money, and effort. Its value, on the other hand, is harder to establish because it involves measuring emotional associations that may not immediately translate into revenue. Branding is an essential element of success, however, and it should be reinforced during times when business is booming and when sales are slower.
You want customers and prospects to maintain a positive association with your company and its services. You may also want people to have certain feelings and thoughts that are associated with your brand. It may be that your company is fast, dependable, compassionate, fun, state-of-the-art, or creative. There should be two or three key words that your brand works to reinforce in your marketing efforts.
Remember, a sound marketing strategy means that you control the messages you send out through marketing, advertising, customer service, and your Internet presence. Your customers WILL have a perception of your company, with or without your influence. But if you aren't managing your marketing, then what is their impression?
Branding is not what you say about your company and products; it's about your customers' perception of your company and products. To strengthen your brand, make sure you can answer the following questions: What do you do that is different from anyone else? Why do you matter to your customers? If you can't answer these questions, you don't have an effective brand.
Copyright (c) 2006 Marketing Maven
Make People Feel Better
Sometimes good value can be based on a low price, or finding an otherwise hard-to-find product or service. Good value can have more to do with customer service or service after the sale.
But how about this one: the best value comes from a product or service that makes you FEEL good. Think about it for a minute.
McDonalds and Burger King became restaurant giants not so much because they produced food at low prices, but because customers felt good when they ate there. Those companies earned some of the largest fortunes in the world based on the simple principle that millions of people had a good time and really enjoyed themselves when they visited their restaurants.
There are a lot of products or services that provide a good value, but the ones that make us FEEL GOOD are the ones we'll buy time and time again.
When you search for a new business opportunity or new product or service to sell, consider how the product makes people feel. Does it give them a energetic lift? Does it boost their spirits? Do they feel good after using your product or service?
Answer "yes" to those things, and you're well on your way to earning nice, consistent profits.
Also make sure your product or service is unique. Yes, there may be other products in the same category, but make sure yours is different from the others in important ways. It can me more potent, more powerful, less expensive, more natural, or a host of other positive factors.
Emotion is probably the most effective factor in marketing. Sell a product or service that affects customers' health, mood, and general well being and you'll have a winner.
Both Wendy Maynard & Monique George are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Wendy Maynard has sinced written about articles on various topics from Writing, Internet Marketing and Makeup. Wendy Maynard, the Marketing Maven, publishes REMARKABLE MARKETING, a weekly ezine for business owners, freelancers, and entrepreneurs. If you're ready to skyrocket your sales and easily attract customers, subscribe today at. Wendy Maynard's top article generates over 5400 views. to your Favourites.
Monique George has sinced written about articles on various topics from About Branding. . Monique George's top article generates over 1300 views. to your Favourites.
Call The Fire Brigade Any changes which are identified in both the risk and the action to combat it must be recorded and communicated to everybody in the building