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Whether you’re an established entrepreneur or just starting out, as a small business owner, you probably “wear many hats.” You have to provide your service or product and promote and market your business.
That’s easier said than done. You just want to do what you love — that’s why you started your business in the first place! But you still have to do all sorts of tasks in order to reach customers, build relationships, and sell your company.
To get there, you need to build a cohesive brand identity.
Think about a product you use every day. Does that product’s name, logo, or slogan instantly come to mind? That’s all part of brand identity. Your brand is what draws your customers to you.
You probably already know what a brand is, even if you can’t define it. For example, everyone associates the silver apple logo with the Apple Company and their products, like the iPad. The same goes for McDonald’s and their golden arches. Or Coca-Cola and their signature bottle.
Your brand is a name, a logo, a tagline, or all of the above. Your brand is a promise — a promise to fulfill a customer’s need. It must hold true to your company’s values. If you want your customers to remember you when they think of a product, you’ll need a strong brand.
According to the Aaker Model, brand identity is “the unique set of brand associations that represent what the brand stands for and promises to customers.” Your brand’s identity is just as important as the product or service you sell.
Why? Just having a great product or service isn’t enough. You need to define what your brand stands for and deliver on that promise. If your business lacks a brand identity, you’ll have trouble relating to customers and marketing yourself.
First, establish guidelines around your company brand. A brand can include:
Creating a powerful brand identity helps you develop definitive relationships with your customers. By understanding the power of a brand, you’ll reach your customer’s thoughts without them even realizing it.
Brand power is equal to consumer perception. Visual perception can sometimes be stronger than reality. Meaning, what a consumer thinks and feels about your company can be more powerful than anything your company has to offer. The perception of your brand can make or break your business.
Great brand identity will do the following:
Developing your brand is easy when you follow these guidelines.
As a small business, you can implement simple branding techniques to make your company stand out. Start with a unique logo, name, and tagline that are easy to remember and associate with your business. These will help establish your brand with your customers.