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Why your business needs a brand and how to create one

Wednesday, June 15, 2011

To many SMEs, especially those just starting out, the idea of brand building may seem like it belongs to another level of business all together - something only for large corporates to think about. 

The fact is, however, that in an increasingly crowded and competitive market place, helping your business stand out is vital. Having an identifiable brand - regardless of the kind of business you run - does just that. 

Building a brand doesn't have to entail a large budget. In fact, most of what it requires doesn't cost money at all. What it does need is some clear thinking, and understanding that a brand is certainly NOT just a logo and a slogan. A brand is a promise to your customers and stakeholders of what you stand for and what they can expect you to deliver. 

The first thing is to decide what kind of brand you want and is appropriate for you to build. 

What should your company and the services or products it offers and the way it offers them communicate to people? If it were a person, what kind of person would it be? What words would you use to describe them?

It's important to keep your feet on the ground at this point and be clear that your brand is the right one for the marketplace you're in.  There's little point in trying to project your business as a high-end retailer when in fact you're a corner shop and customer loyalty will be built as much as anything else on knowing customers by name, for example, or your having a little time to chat with them. 

Your brand must be relevant and meaningful to your customers first and foremost. 

Once you've decided what kind of personality you want your business to have, this must be used to inform everything you and your staff do and say. That's why it's important to settle on brand values that can be applied practically and aren't just meaningless slogans. Brand values are part of the foundation of the brand; they inform the customer of a business's intentions and of what and how it will deliver its promise to customers. 

Projecting your brand is probably best done in concrete steps, by focusing on the small things your company does and working upwards. This avoids falling into the 'logo, empty slogan' trap. 

For example, if politeness, efficiency and prompt service are going to be part of your brand - and what company doesn't want them to be? - then you must translate this into practical measures. If you can't create practical targets for your brand values, then come up with new ones because the ones you've got don't work.  

Again, it's best to start with the small things: the aim of 'service with integrity' might begin with, say, targets for answering all phone calls within three rings, specifics about how you speak to customers and what you say to them. But it should also translate into how you deal with suppliers, and internally how managers speak to staff.  

Everyone should be clear what the brand values are and how they should be projected.  All these factors will combine to create the overall character of your business, which will translate into brand. 

Here, for instance, are two brand values most companies would aspire to: 'Putting Customers First" and 'Offering Excellent Value". 

Great! But in order to create a brand that actually has these attributes associated with it, they must be translated into practical measures customers (and staff) can experience - otherwise they are a waste of time.  

So, HOW do you put customers first and HOW are you offering excellent value within the context of the whole market place?  If you can answer these questions satisfactorily - and you need to be brutally honest about this - then you have come up with a way of creating a brand concept that has real resonance. 

At every point your business has a connection with customers - so called touch points - you should find a way of allowing your brand values to influence the experience: everything, from the letterheads on your stationary, the appearance of your reception (if you have one), to your refund policy and delivery targets. 

Just as important is not to promise what can't be delivered because reputations require time and a great deal of effort and attention to detail to build; by contrast, they can be smashed very quickly if you fail to meet the expectations you've created. 

So, in summary: 

Fit your brand to the customer base your business is aiming at. Find what they want and admire. Cater to these customers' needs and be relevant to them. Make these your brand values. 

Translate your brand into small, practical steps and measurable targets. Any brand concept that can't be turned into concrete actions should be revised or replaced with one that can.

Make sure all employees understand the businesses' brand values and how these are demonstrated every day, at every customer contact point, but also internally among staff. 

While brand is so much more than just a snappy logo, the visual is still very important, so, make sure your company looks the part in all regards.

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