Branding is the most important phase any business goes through; it’s what gives you an edge in competitive markets. No matter what the size of your business—large or small—you need to carefully brand yourself or your product to tell your future customers what to expect from you and how it is different from the competition.
Strategic branding leads to a strong product and attracts the right followers. It can be a long process but also an easy one if you do the following:
1. Define your brand. Start by answering these questions carefully:
-What is your company’s mission?
-What are the benefits and features of your products or services?
-What do your customers and prospects already think of your company?
-What qualities do you want customers to associate with your company?
This task is usually the most difficult and time consuming of the branding process. It’s also the most rewarding. By the end, you will know the wants, needs, habits, and desires of current and future customers.
2. Don’t try to mimic big brand companies. You need to have your own distinct identity. Having an independent feel in your branding helps attract customers that want something original and authentic rather than following a trend. A new brand should be bold and daring and stand for something you believe in.
3. Ask what is driving your business. Focus on what the company believes in, the purpose of the business and what other brands it looks up to. This can help position the identity of your company in a target market.
4. Be transparent, honest, and likeable. A goal in branding your business or product should be building a long-term relationship with your customers. This is done with honest branding rather than offering high expectations that could result in broken promises. Creating a clear picture about who you are as a company and being true to your values will attract loyal customers. When you have loyal customers, they’ll in turn share your business.
After you define your brand, It’s time to the get the word out. Some steps include:
-Develop a great tagline.