Identifying Your Brand

What is a brand? Is it a logo? A name or slogan? A graphic design or color scheme?
Your brand is the entire experience your prospects and customers have with your company. It’s
what you stand for, a promise you make, and the personality you convey. And while it includes your logo, color palette and slogan, those are only creative elements that convey your brand. Instead, your brand lives in every day-t0-day interaction you have with your market:

--The images you convey

--The messages you deliver on your website, proposals and sales materials

--The way your employees interact with customers

--A customer’s opinion of you versus your competition

Branding is crucial for products and services sold in huge consumer markets. It’s also important in B2B because it helps you stand out from your competition. It brings your competitive position and value proposition to life; it positions you as a certain “something” in the mind of your prospects and customers.

Your brand consistently and repeatedly tells your prospects and customers why they should buy from you.

Think about successful consumer brands like Disney, Tiffany or Starbucks. You probably know what each brand represents. Now imagine that you’re competing against one of these companies. If you want to capture significant market share, start with a strong and unique brand identity or you may not get far.

In your industry, there may or may not be a strong B2B brand. But when you put two companies up against each other, the one that represents something valuable will have an easier time reaching, engaging, closing and retaining customers. A strong brand strategy can be a big advantage.

Successful branding also creates “brand equity” – the amount of money that customers are willing to pay just because it’s your brand. In addition to generating revenue, brand equity makes your company itself more valuable over the long term.

By defining your brand strategy and using it in every interaction with your market, you strengthen your messages and relationships.

3 Response to "Identifying Your Brand"

  1. Nirman Broking May 4, 2011 11:42 PM
    I really appreciate your post and you explain each and every point very well.Thanks for sharing this information.And I’ll love to read your next post too.
    Regards:
    Stock Market
  2. ShareTipsInfo August 18, 2011 1:56 AM
    Nice blog would like to add that NSE and BSE are one of the most superior stock exchanges of India. If you wish to earn good money from the share market then you need to understand the functionality of the stock market properly.

    Indian stock market offers lot of earning opportunities still many less traders earn from it. Now the question is who earns from the share trading? To be honest only those who rely on stock research as no one can earn big by speculating in the market.

    Regards
    SHARETIPSINFO TEAM
  3. Derlierprossy November 18, 2011 12:18 AM
    That’s one sweet blog post. And very, very true.I love how you’ve put this into words. I literally couldn’t have done Brand better.


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