How to Position your Business through Branding

By Soko Directory Team / Published May 17, 2016 | 9:53 am



How to Position your Business through Branding

Branding is like the toolbox of marketing and communication.  It helps one distinguish a company from its competitors and creates a lasting impression in the minds of customers.

The components of a brand’s toolbox include identity, communication, awareness, loyalty and strategies.

Brand equity is the measurable totality of a brand’s worthy and is validated by assessing the effectiveness of the components.

Currently, the traditional linear models of business are being replaced by more far-reaching interconnected models hence; a brand’s equity is one marketing technique that remains firmly rooted in prosperity.

To build one’s brand, one has to position the business uniquely. A memorable brand can reinforce your difference and competitors and can help encourage customer’s loyalty, but to build a long lasting brand is more than most people think.

The following are some of the factors one should consider while building a brand;

  • Don’t ignore customer perceptions in order to project a desirable image. If the claims you make are about your business and its offers don’t tally with customer’s experience and gratifications, they will go elsewhere. But if your business delivers what your branding stands for, you will earn trust and run your business. Don’t take your customer’s opinions negatively because they help to know whether you are delivering to your promise. Always take a keen look into their claims and work to better your services.
  •  Identify what qualities, values and experiences customers associate with your business. In order to build a credible brand, you will need to establish what completely differentiates your brand from your competitive brands. Remember, a brand is more than a name and a logo.

Read: Online Marketing Strategies for Your Organization

  • Think about each and every aspect of your business.  If your customers’ associations with your brand are negative or very different from the one you project, you may need to change your offer, your customer service strategy, your marketing strategy or even the way you do your business.
  • Involve your employees. Your employees will always have their own idea about your brand so their opinion is always vital in your business. The employees will always have their own idea of what your business stands whether it’s delivering to its promises.  Besides their perception, you will need their cooperation too if you are going to change your operations.  The employees will always provide a sincere opinion because they mostly interact with the clients or customers and get to know their opinion.
  • Create a consistent brand message that focus on the qualities, values and experiences that your customers associate with your business, its products and services. This will attract new clients (customers) who will be willing to work, purchase your products or hire your services.  The messaging should also project a positive image about your brand. Always be keen when creating the brand message because it will always act as a selling point for your products and services.
  • Develop a distinct visual brand. This must always reflect your overall identity. Your visuals should be bright and engaging. If you don’t have the necessary skills, employ an expert to design them for you. The visuals should be distinct and not resemble any other brands. Do not at any time copy another brand’s visuals.
  • Apply your branding, including your brand’s messages and visual brand to all your materials- From packaging and signage of stationery, your website and marketing materials – this will promote your brand and its image.

Doing business without branding is always defined as winking at night in a crowd. You completely have enough information about what you are doing but nobody else knows what you’re doing.  A company which has developed a good brand and has executed good marketing for the brand has higher chances of succeeding than a company which has done no branding and its marketing at all. Many companies ignore doing brand and marketing in order not to incur the cost of paying experts to build a brand and market it.


Article by Fess Mutuku.

 





About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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