Branding creates an identity for your company and products. It\u2019s a marketing process that you can use to establish a brand name for your products and services, giving customers confidence in your company, and strong reasons to purchase from you. Once you\u2019ve established a strong brand identity for your products, you\u2019ll increase the value of your products by gaining your customer\u2019s trust, and as a result, you\u2019ll increase profit margins.<\/p>\n
Often, companies that don\u2019t have a strong market position and brand identity resort to cutting prices to increase sales. Price-cutting leads to increased sales volume, but lowers profit margins, leading the company down a descending spiral of profits. However, if you can create value for your products and services, you can command a higher price and increase profit margins.<\/p>\n
Big companies like Intel, Gillette, Nike and Proctor & Gamble spend millions of dollars on branding by hiring large sophisticated advertising agencies to help them build their brands. But even if your company is small and you have a limited marketing budget, you can still incorporate basic branding strategies into your marketing program.<\/p>\n
In all reality, branding is just a sophisticated term for good marketing practices. Here\u2019s how to create a branding strategy for your company:<\/p>\n
The first step is to do a thorough positioning of your company and it products.<\/p>\n
Then, use your positioning strategy to differentiate your products or services from the competition by identifying the one big bottom line benefit that your company offers. Pick ONE THING that you do better than anyone else in your industry. Of course, there will be many benefits to using your company\u2019s products or services and you will want to mention those benefits as well, but to build an effective marketing campaign, focus on the one big benefit.<\/p>\n
Once you\u2019ve identified your one big benefit, develop a tagline to support that benefit and display it prominently in all your marketing materials. In addition to your tagline, reinforce the one big benefit in your copy by saying it different ways throughout your marketing materials to keep supporting your message.<\/p>\n
Now that you have a handle on the elements of your marketing campaign, simply follow the three C\u2019s of marketing \u2014 consistency, consistency, consistency. Look at all your marketing materials and ask yourself these questions:<\/p>\n
With the focus on Internet marketing and cost-cutting, many small to medium-sized companies skip these important steps. Most business owners are not marketers and don\u2019t see the value of hiring marketing professionals to help them with their messaging. The result is often a website with no personality that doesn\u2019t speak to customers about their problems and how to solve them. Or email newsletters that focus on what the company wants to say and not what the customer wants to hear.<\/p>\n
If you incorporate the right messaging into your marketing materials, every dollar you spend will work harder to grow your business. Think about your marketing materials from your customers\u2019 point of view. How can you help them? What problems can you solve? It\u2019s not enough to have a website. Make your website work harder with a little thought and effort up front. If you do your homework, your marketing program will get better results and your company will grow quicker. If your business is slow, now is a good time to rethink your marketing materials and your website. Be ready to take advantage of the upturn when it comes, and it will.<\/p>\n","protected":false},"excerpt":{"rendered":"
What is branding? Branding creates an identity for your company and products. It\u2019s a marketing process that you can use to establish a brand name for your products and services,…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"yoast_head":"\n