A Simple Process to Help Find Your Brand Essence

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Danielle Rodgers’ post on Small Business Branding got me thinking about brand essence again. In her post, Danielle describes her “intricate and complex journey” to find the essence of her own brand, which had eluded her for a long time. Recently, Danielle came to a turning point when,

“Suddenly I realised that the key to my brand’s essence is not out there at all; it’s in here, in me. Here I was thinking it was ‘all about my customers’ and therefore separate from me. I was trying to find the essence of my brand in other people. Nice aha moment.”

It sounds simple enough, doesn’t it? But for many companies, this simple truth remains elusive as they continue to search for the branding Holy Grail, out there. Me, I’m sticking with Danielle.

Read Danielle’s post to find out how she went about her search for meaning. Then come back here and I’ll walk you through one of the tactics we use to dig deep.

Perception balancing
Here’s a simple process anyone can use to learn more about the essence of their brand.

Make a list of descriptive terms that describe how you think your company is currently perceived by your clients and your industry. Take your time, list as many as you can think of, and be honest - list positive and negative perceptions. Use words like “professional,” “caring,” “accurate,” “expensive,” “out of date,” “old school,” “cool,” “expert,” “has integrity,” “slow,” “average,” “best in class,” “friendly,” and “inexperienced.” Ask other people in your company to add to the list. Ask vendors and clients (ones who will give you an honest assessment) if you’ve covered everything.

Then make a second list with terms describing how you’d like your company to be perceived by your clients and your industry. Again, take your time. Some of these terms will be the same as the ones on the first list, and some will drop off. Be honest, and be slightly aspirational, reach a bit - you may think of some descriptions that don’t fit you quite yet, but that you’d like to work towards, go ahead and put them on your list.

Now compare your lists. Study them. You can see where there’s work to be done. You’ll be able to see the negatives that are holding your brand back - do your best to dispel them as quickly as you can! Separate these negatives and post them where you can see them with the headline “Negatives to dispel” or “Things we are not” to remind you to shake these negatives. Right now, they’re part of your brand essence. You may need to smile more or communicate better or even change your strategy, but it will be worth it to get these monkeys off of your back.

Now look at the positives, especially the positives that show up on both lists. These descriptions will give valuable hints to your brand essence - your brand character and your brand personality. They describe not only what you want your company to be, but what your company most likely already is. Cull this list to the best of the best, to five or six descriptions that are the most important to you. Separate these descriptions and post them with the headline “Our brand essence” or “Things we are” to remind you to always think, speak, and act in these ways. Over time, you can tweak these descriptions a bit, but most likely you’ll find that by beginning to take them on consciously, you really do own them, and they’ll become more conscious parts of your authentic brand.

“. . . in the truest sense, the synonym for brand is “reputation.’
It’s the power of a blend of ideas, a sense of identity,
and it helps consumers make decisions in a crowded marketplace.”

- Robert Friedman, formerly with AOL

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What’s your position? - Brand consultants

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Positioning can take several forms, but the main purpose of positioning is to supply a reason to buy, a difference that will give the prospect a reason to pay attention. It’s how you differentiate your brand in the mind of the prospect.

Brand consultants will tell you that your positioning must be unique, and not something anyone else in your market is saying. This is where the competitor analysis (from the last post, “The First Step in Positioning: Know Your Competition”) will come in.

Jack Trout’s six major positioning categories
There are six variations in positioning approaches, or ways that an organization can differentiate itself, according to the marketing master who first brought the term “positioning” into the marketing mix in 1969, Jack Trout:

1. Differentiation via attribute: your organization’s uniqueness can supply a reason to buy
For example,
Volvo: Safety
Crest: Cavity prevention
Visa: Everywhere

2. Differentiation via how it’s made: your product’s or organization’s “magic ingredient” will make it stand out
Sony: Trinitron television monitors
Chrysler: Hemi engine

3. Differentiation via being first: once they start with you, people tend to stick with what they’ve got
NyQuil: The first nighttime cold remedy
Starbucks: The first global coffee house

4. Differentiation via being the latest: people are not comfortable buying what could be perceived as an obsolete product, they want the newest model
Advil: Advanced medicine for pain
Blackberries, iPhones, and other handheld technology: The newest technology

5. Differentiation via leadership: credentials are the collateral you put up to guarantee your performance
Nordstrom: The leader in customer service
Owens-Corning: The leader in fiberglass insulation

6. Differentiation via being a specialist: when you’re perceived as experts, you rise above the pack
Mayo Clinic: Specialists in healthcare

The goal of positioning
Your goal with positioning is to find the most compelling difference about your organization, one that none of your competitors has (or is talking about), and then use it to set up a benefit for your customer.

It’s important to look beyond the obvious with this exercise. Look back at your competitor analysis the way brand consultants would do, and compare your answers to what is already in your marketspace. If your organization offers a service rather than a product, you may think the “magic ingredient” doesn’t apply, but think again. Isn’t it possible to add a special ingredient to customer service to bring it above the norm? Isn’t it possible to add a special ingredient to consulting services that will make you stand out? If you’re not the leader in your main area, is there something else your customer cares about that you can be the leader in? If you’re not a specialist in the obvious, can you be a specialist in the not so obvious? You get the idea.

Marcia Hoeck is president and CEO of Hoeck Associates, a group of branding consultants located in Toledo, Ohio. Visit her site at http://www.hoeck.net or read more on her blog at http://www.hoeckblog.com/meaningfulmarketing

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Branding Strategy for Small Businesses - Part 1

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By Linda Morton

Branding strategy is a means to increasing profitability that is ignored by many small business owners.

Although large corporations have adopted branding strategy and realize the importance of a good brand to corporation profits, many small business owners know little to nothing about branding. What they do know is usually related to visual identity and graphic design.

But branding strategy requires much more than visual identity. In fact some brand consultants consider visual identity the least important of branding components. Other more important components comprise the basic branding strategy for small businesses.

•    the target market for the business’s products or services,

•    the name of the business,

•    the slogan of the business

•    the price of products and services,

•    the distribution outlets delivering products to customers,

•    the advertising and promotional strategies

The first three of these components are covered in this article. The last three will be covered in part 2.

Target Market

When an entrepreneur is considering a new business is the time to target a market and to learn every thing possible about target market members.

This part of branding strategy requires knowing demographic characteristics of target market members. Demographic characteristics can usually be determined through research, including brain-storming and researching literature on the Internet and at libraries.

Then the entrepreneur needs to determine psychographic and behavioral characteristics for the market in order to determine what products or services market members are likely to buy. Getting this part of the branding strategy correct determines business and branding profitability.

Several segmentation products and services are available online to assist business owners with this research, but some are quite expensive. However, small business owners can learn to do this research for themselves.

Business Name

Selecting the wrong business name often derails a branding strategy from day one. The major problem that small business owners make in naming their businesses is naming them after themselves instead of selecting a name that represents what the business does or sells. A business name is the most important part of the business’s brand. It should appeal to the target market and leave no doubt about the business’s purpose.

Of course there are large corporations that break this rule, but these corporations spend fortunes establishing the relationship between their company name and the company’s purpose. Most small business owners can’t afford fortunes to establish their business name and brand. Thus, taking the time and resources to get this component of branding strategy right early saves money and increases brand profitability.

Pricing

The pricing component of branding strategy includes four major decisions. Small business owners need to consider:

1.    how well product or service meets an unmet need,

2.    its quality,

3.    its distinguishing characteristics and

4.    what the target market is able and willing to pay for it.

Pricing decisions also need to consider how the product or service will be distributed, and the costs of  marketing, advertising and promotion, in addition to the cost of producing the product or service.

Getting the target market, business name and pricing components of branding strategy right should be done before launching the business or product. They are fundamental to the success of a small business’s branding strategy.

Linda P. Morton, Ed.D, APR, studied branding and other marketing strategies throughout her three-decades professional career. She covers branding and other marketing topics for small business owners at http://StrategicMarketSegmentation.com/blog

Article Source: http://EzineArticles.com/?expert=Linda_Morton / http://EzineArticles.com/?Branding-Strategy-for-Small-Businesses—Part-1&id=692523

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