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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.

A NEW BRAND FOR AN OLD BUSINESS

Brands get tired and should be refreshed periodically. You’ll note that even the most popular brands tweak their colors, logo, layout, etc. It is generally not advised to throw out a brand and start all over because you’ll have to rebuild brand awareness with your customers and prospects and this can hinder growth.

However, updating a brand can be very powerful. It’s not about getting a new logo. Moreover, it’s about the opportunity to tighten and refine the business message, its services and refocus the staff on new shared goals.

We recently had the privilege of working with a large fire protection business, Cherokey Fire Protection in Houston who had not updated their brand in many years. The exercise of working through all the steps of rebranding from a competitive analysis to developing their brand story, to a refreshed logo and marketing materials brought new life to their business.

Including their staff in the rebranding process built camaraderie as everyone came together to study where they had come from, what changes had taken place in the market over the past 40 years and what new products and services might spur future growth. The staff as a whole learned the history of the business and helped craft a new, more powerful message that they are proud to introduce for the future.

How To Learn More About Your Competitors And Their Brands

Start by doing a simple Google search. Search using words or phrases that most closely match your main product or service. Remember to use words that a buyer would use and avoid industry terminology, slang or acronyms that are not widely known outside your industry. And include a geographic location like, San Antonio, Austin, Victoria, etc. since most people want a local resource.

Gather a list of the top results. Then systematically review their websites to see how they cross over or differ from your business offerings.Review their Google Business Profile (maps listing) to see their reviews. This will give you a lot of information about their services and their reputation. Use this information to develop and/or refine your business offerings.

  • Last modified by Refresh Marketing

  • 11 Jul, 2023 10:32:29 AM
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