Deciding on a brand can be an enjoyable and creative task for a small business owner, but with understanding of the comparable market standards and research it will also be rewarding. Develop a branding strategy that is both all-encompassing and interesting to help grow your business and make your company more easily recognized by consumers.
Have a Branding Strategy
There are contractors who will only buy a red Ford pick-up because the image that Ford has developed matches the job. Don’t stop with a message such as this, though. Once you’ve decided on your image, use a logo and tagline on everything. Your logo needs to be distinctive, and the tagline should be a condensed mission statement that is used on letterhead and business cards. Use websites, online social marketing, and thank you letters to develop the brand name. No business is too small to be branded, so establish a brand with a strategy and customers will take notice.
Know the Market Standard for Branding and Promotions
Several years ago, Sonic had as many total units in the United States as McDonalds opened every year across the world. Sonic started to advertise at college sports in order to keep up with McDonalds’ advertising at professional sport events. In the same way, identify your competitors’ branding strategy and use their hard work and research to know who, what, and where to promote your branding.
Be Interesting when Branding
Why does Sonic use the two guys in the drive through or the guy and his wife in the drive through? These ideas make for interesting branding. If someone made a spoof of these commercials, you would identify them with the Sonic commercials. Be clever and interesting, and maintain this image on business cards, letterheads, and websites.
Do Your Own Research
This will help you fully understand your target market. Using your competitors’ research is not enough. You may be successful if this is all you do, but to guarantee that your company’s branding is appealing to your target market, you must do some of your own research. Your target market is likely to be different from your competitors’, so use surveys to better define it. Once you have completed surveys and gathered demographic information, develop your branding specific to that market. Even the fonts when printing business cards and other printed material should be tailored to that market.