SIX STEPS TO SMALL BUSINESS BRANDING
Everyone has heard of Coca Cola, T-Mobile, Yetti and hundreds of other well-branded large businesses. Unfortunately, most of us forget these were once small businesses struggling to gain market share. Today’s giants developed a brand and a strategy and built a loyal following. They thoughtfully considered how to set themselves apart, how to build trust and grow a loyal customer base.
Branding is much more than an appealing graphic and bold colors. If done right, it’s the culmination of a fundamental exercise in understanding how your business wants to be seen in the marketplace.
Yes, every business wants to be seen as the prime resource for buyers seeking a specific product or service. But in order to be the prime resource, your business must be trusted. Especially now, where social media and the news share story after story of businesses that disabuse our trust. In fact, 81% of consumers indicated trust as being one of the top deciding factors when making brand buying decisions.
Branding is much more than an appealing graphic and bold colors. If done right, it’s the culmination of a fundamental exercise in understanding how your business wants to be seen in the marketplace.
Below are 6 steps to developing a strong brand for your business:
1. Outline your brand’s purpose. Think in terms of the benefits a person or business receives from doing business with you
2. Research your competitor brands. How are they positioning themselves in the market? Don’t go head-to-head with strong competitors. Instead, offer customer something better.
3. Determine your brand personality. Do you want your business to be seen as fun, playful, serious, family-friendly, or environmentally conscious?
4. Develop a brand story and messaging. Use emotion to build a bond when telling your story. i.e., HEB was started by a mother in her own home so she could feed her family. Their story resonates because almost everyone was once part of a struggling family.5. Create a visual identity. Now it’s time to create a logo, website and other marketing material that reflect your brand’s purpose.
6. Integrate your brand into your business. Make sure your brand is carried, faithfully, into all areas of your business; from uniforms to window graphics and everything in between. The human brain sees color and graphics first. That’s why a good logo creates a powerful association between consumers and your business.
i.e., HEB was started by a mother in her own home so she could feed her family. Their story resonates because almost everyone was once part of a struggling family.