Casual Articles
#1 in Business Subscribe Email Print

You are here: Home > Business > Branding > 7 Branding Secrets: Ready or Not?

Tags

  • often
  • within
  • walmarts
  • brand means
  • existing customers
  • brand strategy

  • Links

  • Nonprofit Communication Made Easier- Direct Mail Strategy for Fundraising
  • The Importance Of A Well Designed E-Book
  • What's Your Agenda?
  • Casual Articles - 7 Branding Secrets: Ready or Not?

    Business Opportunity Shills and Proposed Rules to Prevent Fraud
    It has been observed that often business opportunity sellers use shills to promote their products or business opportunities in advertising. Perhaps you seen this before when someone on TV was obviously a very skilled actor will swear by certain product or business opportunity in an infomercial. They claim that they've made all kinds of money in this new investment and business opportunity, yet often this is totally fraudulent.You see, often the person stating what a great business it is; is only an actor they are not in the business nor have a meeting the money doing anything for the business other than being an actor for the video.You see, the Federal Trade Commission is now onto this and they have proposed a new set of rules to prevent this type of fraud, as it is disreputable and misleading advertising and misrepresents the truth. Below is an excerpt from the Federal Trade Commission's report on their new proposed set of rules for business opportunity disclosures;Proposed section 437.5(q): Shills“Proposed section 437.5(q) would address one of the most pernicious practices common in fraudulent
    answer the phone.

    Your brand must come through loud and clear at all times. With a brand also comes a promise. WalMart promises the lowest prices and friendly people. Your brand will have a promise too.

    Four: Make A Brand Promise

    Talk with your customers. Understand how they see your business, and what your brand means to them. Find out what is important to them about choosing a business like yours and what benefits they get from doing so. Make sure your brand promise is important and valuable to the customers you want most. Once you understand your customers, you can create a brand promise. Serta, the mattress company, has a promise of “We Make The World’s Best Mattress”. Maytag has the lonely repairman, reinforcing the promise of dependable service and called the “Dependability People” with the headquarters located at #1 Dependability Way.

    Your brand promise should be stated clearly, in concise language so everyone in your organization and your customers understand the promise, just like Maytag’s and Serta’s promises. Then, you m

    Going Public via Initial or Direct Public Offering: Role of the Securities and Exchange Commission
    The Securities and Exchange Commission (SEC) is the most well-known and feared governing body in the financial world. Its very name can be intimidating to a small company hoping to go public, but it doesn’t have to be.The SEC was established by Congress to regulate securities markets with the intent of protecting investors. For this reason, it requires registration for the issuance of almost any kind of securities, including mail or internet-based issues.In an initial public offering, the process of filing necessary paperwork with the SEC can be time-consuming and complicated. First, a registration for must be filed and declared effective. Despite the fact that the registration becomes public knowledge immediately, the company may not attempt to sell shares until the registration is declared effective. Registration documents include a prospectus to be given to all investors, as well as a section that is made available on the SEC website but which does not have to be provided to investors. A company’s underwriter will prepare and file these documents with the help of accountants and lawyers.For a c
    Every company has a brand (how people think of them) whether they created it through design or accident. By creating your brand through design, you shape the way you wish your company to be viewed by customers and potential customers. This will remove some of the uncertainty concerning what others will expect from you and say about you. The power of a brand can’t be over-estimated. The Golden Arches are known worldwide.

    However, many people confuse a logo with a brand. The logo is a very small portion of the brand effort, especially during the startup phases. Later, once your brand has been repeatedly communicated, in multiple ways, with consistency, the logo can begin to embody the overall brand. But, it will never be the brand.

    Do you know what makes your company or its products unique? If you don’t you can’t begin to establish a brand identity by design. There are seven elements to remember when designing your brand.

    One: Know Your Customers Better Than You Know Yourself

    Customers buy for their reasons, not yours. If you want to sell them your product, you MUST sell to their concerns, not your own. Every piece of marketing copy must FOCUS upon them. If you don’t speak their language, you don’t get their money. With branding as with selling, if you don’t understand your customers, you won’t build a brand of which they want to be a part.

    Let’s say you were trying to sell a snowboard. To effectively sell a snowboard to a fifteen year old requires an entirely different conversation than selling the same item to his mother. How you brand your product in these two different customer bases is entirely different if you wish to be successful. If your product could be sold to a fifteen year old or a 40 year old, you’d better decide who you are going to focus your branding efforts upon for the greatest success.

    Crawl within your targeted customer’s mindset. Understand what they think about the product, what they want from the product, and the alternatives they have to the product. Now that you know what the customer wants, you need to understand your competitive environment and your competitors.

    Two: Understand Your Competitive Environment & Competitors

    Your competitive environment has a major impact on how you brand your products or your company. For instance, retail is a highly competitive environment. There are companies that deal in the high end of the market and those who don’t. WalMart has chosen to compete in the low price arena of retailing. They work hard to build a brand of “low price, friendly company”. They obviously do it well. All one has to do is look at their financials to draw that conclusion.

    You need to understand your competitive environment as well as WalMart understands theirs. But how can you do that effectively, without WalMart’s budget?

    Start by asking your existing customers, “If you weren’t working with us, with whom would you be working?” Identify the companies to whom you most often lose business. Learn as much as you can about these competitors, including how customers perceive them, what makes them unique, and why they win the business they do.

    Three: Define Your Brand Personality

    Brands are like people. They have personalities too. People choose brands based upon whether or not the characteristics of the product or company brand fit them. My mother wouldn’t be caught dead in a WalMart. I love a bargain, so I love WalMart. Two customers. Two different perspectives regarding the same business.

    If you have defined your ideal customer well and understand your competitive environment, you can select a brand personality which will appeal to your audience. Think of your brand personality just like any personality. It will have traits. Choose two or three personality traits to develop for your business. Will your business be youthful, fun and irreverent? Will it be conservative, sophisticated and elite? Once you have defined the two to three personality traits that define your business, they must be visible in everything you do. All advertising, your website, your emails, everything must be consistent with your brand personality. This also includes your collateral materials, the people you hire, and even the way you answer the phone.

    Your brand must come through loud and clear at all times. With a brand also comes a promise. WalMart promises the lowest prices and friendly people. Your brand will have a promise too.

    Four: Make A Brand Promise

    Talk with your customers. Understand how they see your business, and what your brand means to them. Find out what is important to them about choosing a business like yours and what benefits they get from doing so. Make sure your brand promise is important and valuable to the customers you want most. Once you understand your customers, you can create a brand promise. Serta, the mattress company, has a promise of “We Make The World’s Best Mattress”. Maytag has the lonely repairman, reinforcing the promise of dependable service and called the “Dependability People” with the headquarters located at #1 Dependability Way.

    Your brand promise should be stated clearly, in concise language so everyone in your organization and your customers understand the promise, just like Maytag’s and Serta’s promises. Then, you mu

    Global Creative Solutions can never be as Creative or Effective as Local Ones?
    ‘Think globally, act locally’.This seems to be the specific, considered and most targeted answer in the task of reaching and encapsulating the vastly diverse audiences that exist in the great market-place of the world. To a certain degree the concept of being able to direct communications to a specific audience is an extremely effective and optimum form of conveying a message and is of the utmost importance in discussing the business of advertising.‘Local’ ad agencies, such as ones just representing their country, act rather like societal sponges and craftsmen. They have optimum understanding and knowledge of their nation’s culture, trends, fashion, street vernacular and the general things that are in vogue. They also know what ideas have been used before and what things are ‘cool’, this allows for originality and creative strategic tailoring.Logically from this culturally specific knowledge, ad agencies will be able to advise their clients on the best way to reach this local audience and the most effective forms of media to target these audiences. Consumers are different the world over, and react diffe
    sell them your product, you MUST sell to their concerns, not your own. Every piece of marketing copy must FOCUS upon them. If you don’t speak their language, you don’t get their money. With branding as with selling, if you don’t understand your customers, you won’t build a brand of which they want to be a part.

    Let’s say you were trying to sell a snowboard. To effectively sell a snowboard to a fifteen year old requires an entirely different conversation than selling the same item to his mother. How you brand your product in these two different customer bases is entirely different if you wish to be successful. If your product could be sold to a fifteen year old or a 40 year old, you’d better decide who you are going to focus your branding efforts upon for the greatest success.

    Crawl within your targeted customer’s mindset. Understand what they think about the product, what they want from the product, and the alternatives they have to the product. Now that you know what the customer wants, you need to understand your competitive environment and your competitors.

    Two: Understand Your Competitive Environment & Competitors

    Your competitive environment has a major impact on how you brand your products or your company. For instance, retail is a highly competitive environment. There are companies that deal in the high end of the market and those who don’t. WalMart has chosen to compete in the low price arena of retailing. They work hard to build a brand of “low price, friendly company”. They obviously do it well. All one has to do is look at their financials to draw that conclusion.

    You need to understand your competitive environment as well as WalMart understands theirs. But how can you do that effectively, without WalMart’s budget?

    Start by asking your existing customers, “If you weren’t working with us, with whom would you be working?” Identify the companies to whom you most often lose business. Learn as much as you can about these competitors, including how customers perceive them, what makes them unique, and why they win the business they do.

    Three: Define Your Brand Personality

    Brands are like people. They have personalities too. People choose brands based upon whether or not the characteristics of the product or company brand fit them. My mother wouldn’t be caught dead in a WalMart. I love a bargain, so I love WalMart. Two customers. Two different perspectives regarding the same business.

    If you have defined your ideal customer well and understand your competitive environment, you can select a brand personality which will appeal to your audience. Think of your brand personality just like any personality. It will have traits. Choose two or three personality traits to develop for your business. Will your business be youthful, fun and irreverent? Will it be conservative, sophisticated and elite? Once you have defined the two to three personality traits that define your business, they must be visible in everything you do. All advertising, your website, your emails, everything must be consistent with your brand personality. This also includes your collateral materials, the people you hire, and even the way you answer the phone.

    Your brand must come through loud and clear at all times. With a brand also comes a promise. WalMart promises the lowest prices and friendly people. Your brand will have a promise too.

    Four: Make A Brand Promise

    Talk with your customers. Understand how they see your business, and what your brand means to them. Find out what is important to them about choosing a business like yours and what benefits they get from doing so. Make sure your brand promise is important and valuable to the customers you want most. Once you understand your customers, you can create a brand promise. Serta, the mattress company, has a promise of “We Make The World’s Best Mattress”. Maytag has the lonely repairman, reinforcing the promise of dependable service and called the “Dependability People” with the headquarters located at #1 Dependability Way.

    Your brand promise should be stated clearly, in concise language so everyone in your organization and your customers understand the promise, just like Maytag’s and Serta’s promises. Then, you m

    Where CIOs Can Make the Biggest Impact
    What is the aspect of the role where CIOs can make the biggest impact? What can we do to make that impact? In Change Management, you have to identify a compelling need to change. Do you have an organization that will support you? Do you have the skills? Do you have the relationships? What's your mission?The door between the Chief Information Officer CIO and CFO offices is opening wider, and the executives are building a path to regular interaction that allows the Information Technology IT function to excel in meeting the business' needs, not simply to comply with regulatory mandates or budgetary strictures.The most time-absorbing activity is ensuring that Information Tecnology IT systems are efficient across an organisation, through careful delegation, "You won't get into the chief executive's office if his PC is down!"Companies are increasingly handing CIOs the role of change agent. They're getting that responsibility because of their unique position at the nexus of multiple trends. And computing resources are pooled and tailored for simpler management and better utilisation.Finance and
    ur competitors.

    Two: Understand Your Competitive Environment & Competitors

    Your competitive environment has a major impact on how you brand your products or your company. For instance, retail is a highly competitive environment. There are companies that deal in the high end of the market and those who don’t. WalMart has chosen to compete in the low price arena of retailing. They work hard to build a brand of “low price, friendly company”. They obviously do it well. All one has to do is look at their financials to draw that conclusion.

    You need to understand your competitive environment as well as WalMart understands theirs. But how can you do that effectively, without WalMart’s budget?

    Start by asking your existing customers, “If you weren’t working with us, with whom would you be working?” Identify the companies to whom you most often lose business. Learn as much as you can about these competitors, including how customers perceive them, what makes them unique, and why they win the business they do.

    Three: Define Your Brand Personality

    Brands are like people. They have personalities too. People choose brands based upon whether or not the characteristics of the product or company brand fit them. My mother wouldn’t be caught dead in a WalMart. I love a bargain, so I love WalMart. Two customers. Two different perspectives regarding the same business.

    If you have defined your ideal customer well and understand your competitive environment, you can select a brand personality which will appeal to your audience. Think of your brand personality just like any personality. It will have traits. Choose two or three personality traits to develop for your business. Will your business be youthful, fun and irreverent? Will it be conservative, sophisticated and elite? Once you have defined the two to three personality traits that define your business, they must be visible in everything you do. All advertising, your website, your emails, everything must be consistent with your brand personality. This also includes your collateral materials, the people you hire, and even the way you answer the phone.

    Your brand must come through loud and clear at all times. With a brand also comes a promise. WalMart promises the lowest prices and friendly people. Your brand will have a promise too.

    Four: Make A Brand Promise

    Talk with your customers. Understand how they see your business, and what your brand means to them. Find out what is important to them about choosing a business like yours and what benefits they get from doing so. Make sure your brand promise is important and valuable to the customers you want most. Once you understand your customers, you can create a brand promise. Serta, the mattress company, has a promise of “We Make The World’s Best Mattress”. Maytag has the lonely repairman, reinforcing the promise of dependable service and called the “Dependability People” with the headquarters located at #1 Dependability Way.

    Your brand promise should be stated clearly, in concise language so everyone in your organization and your customers understand the promise, just like Maytag’s and Serta’s promises. Then, you m

    Smoked Salmon as a Corporate Gift or Executive Gift, Not a Glass Golf Ball
    There are numerous industries which interact with clients that would be better off giving a real gift of appreciation at the close of a deal, or business sale, than gifting some cheap logo scribed trinket. For an executive gift or corporate gift you may consider a fine gourmet gift of class and distinction, Alaska smoked salmon.Real estate, mortgage, and corporate executives are constantly looking for the closing gift that will appear genuinely thoughtful, and be sincerely appreciated and remembered by their customer or client. A corporate gift, like a glass golf ball on the desk plaque, just doesn’t work for most people. You may say, 'but it is cheap, and you can purchase them by the case, and even have them engraved.' Sure you can, and you can certainly go with that, but your corporate image will reflect those same under laying tones. What does the recipient perceive? A cheap gift. You know, about as useful as the chiropractor’s bent pen.One mortgage company came up with a great solution to this need. At the close of every deal, their clients receive a go
    rsonality

    Brands are like people. They have personalities too. People choose brands based upon whether or not the characteristics of the product or company brand fit them. My mother wouldn’t be caught dead in a WalMart. I love a bargain, so I love WalMart. Two customers. Two different perspectives regarding the same business.

    If you have defined your ideal customer well and understand your competitive environment, you can select a brand personality which will appeal to your audience. Think of your brand personality just like any personality. It will have traits. Choose two or three personality traits to develop for your business. Will your business be youthful, fun and irreverent? Will it be conservative, sophisticated and elite? Once you have defined the two to three personality traits that define your business, they must be visible in everything you do. All advertising, your website, your emails, everything must be consistent with your brand personality. This also includes your collateral materials, the people you hire, and even the way you answer the phone.

    Your brand must come through loud and clear at all times. With a brand also comes a promise. WalMart promises the lowest prices and friendly people. Your brand will have a promise too.

    Four: Make A Brand Promise

    Talk with your customers. Understand how they see your business, and what your brand means to them. Find out what is important to them about choosing a business like yours and what benefits they get from doing so. Make sure your brand promise is important and valuable to the customers you want most. Once you understand your customers, you can create a brand promise. Serta, the mattress company, has a promise of “We Make The World’s Best Mattress”. Maytag has the lonely repairman, reinforcing the promise of dependable service and called the “Dependability People” with the headquarters located at #1 Dependability Way.

    Your brand promise should be stated clearly, in concise language so everyone in your organization and your customers understand the promise, just like Maytag’s and Serta’s promises. Then, you m

    Most Influential Group of Consumers
    Recent marketing studies reveal that most marketing strategies directed toward women fail to live up to potential due to lack of appropriate market segmentation.Businesses that are the most successful and consistently reach women with targeted marketing efforts take advantage of the different ways in which women collect information and make consumer decisions. As a business owner you can capture the female buying power through specifically targeted marketing strategies toward women versus the traditional marketing strategy.A recent Vanguard study found women trust:• Female family members • Financial Institutions • NewspapersInteresting market facts:• Women perceive and behave differently to consumer marketing. Women are generally more demanding in making the initial purchase, however, once they make the decision they are more brand/product loyal. For a business this means selling to women yields greater retention rates, more repeat customers and better word-of-mouth advertising. For the advertiser it means marketing in a new way.• Women spend 14% m
    answer the phone.

    Your brand must come through loud and clear at all times. With a brand also comes a promise. WalMart promises the lowest prices and friendly people. Your brand will have a promise too.

    Four: Make A Brand Promise

    Talk with your customers. Understand how they see your business, and what your brand means to them. Find out what is important to them about choosing a business like yours and what benefits they get from doing so. Make sure your brand promise is important and valuable to the customers you want most. Once you understand your customers, you can create a brand promise. Serta, the mattress company, has a promise of “We Make The World’s Best Mattress”. Maytag has the lonely repairman, reinforcing the promise of dependable service and called the “Dependability People” with the headquarters located at #1 Dependability Way.

    Your brand promise should be stated clearly, in concise language so everyone in your organization and your customers understand the promise, just like Maytag’s and Serta’s promises. Then, you must bring the brand to life through a brand strategy and action plan.

    Five: Define Your Brand Strategy

    Think of a brand strategy as defining the limits of your approach and the outline of your methods. Later, we will design the tactics to make it happen.

    You now understand your customer and your competitive environment. Your strategy comes out of that information. Where will you position yourself? Just as WalMart uses stand-alone stores rather than join established malls, you must decide how to approach your environment in order to successfully brand your company or your products.

    You need to develop a brand that is distinct from your competitors. Many people mistakenly think that by emulating a dominant brand, they will succeed. In reality, you don’t have the resources necessary to duplicate their strategy. Seek out a niche of the dominant business’ market. You can successfully determine that niche by asking yourself, “Where are they vulnerable?”

    If your business specializes in a specific product area, such as sports equipment, build a brand of energy, strength, competition, and youth. If your advantage is consulting or ideas, make sure your brand is innovative, exciting, and cutting-edge. If you are the lowest price option, make sure to look conservative with money. If your products are more robust, like a John Deere tractor, build a no-nonsense, industrial-strength feeling into the brand.

    Your branding strategy will set the overall limits of your branding “playing field”, now it’s time to design the game plan.

    Six: Identify Your Branding Game Plan

    Moving to action, you need to define the specific actions you will take to create your brand. They must be the tangible demonstration of your company’s values and beliefs. They come directly from your brand personality, brand promise, and brand strategy.

    Southwest Airlines is a great example. Employees dress casually and have some fun in the way they greet passengers. The company’s symbol on the NYSE is LUV and the name of their in-flight magazine is Spirit. These actions reinforce Southwest Airlines’ brand personality and brand promise every day. Think hard about every planned action and its possible ramifications in your competitive environment. Many companies make the mistake of taking actions inconsistent with their brand personality. Don’t make that mistake.

    If you focus on women, then focus on activities that women support like breast cancer research and childhood disease. If your focus is on young males, then make your actions bold and worthy of bragging. The hardest part of your branding process will not be designing your tactics. The hardest part is being consistent in supporting your brand.

    Seven: Be Consistent in Action

    A brand builds over time. A brand becomes successful after years and years of consistent action. My grandmother used to say, “The proof is in the pudding”. This is a very descriptive way of saying “in the end, it’s the result that matters”. Keep that in mind as you move forward in building your brand. An excellent method for helping you maintain consistency in your branding efforts is to pick a brand personality indistinct from your own personality. In that way, it won’t take as much acting or thought to be successful. Your brand will become a natural extension of yourself.

    A Final Thought

    In today’s business climate, the world is highly competitive. It is important to differentiate your brand. A sound investment is defining and communicating what is truly special about your business. Your brand will bring you financial results through loyal and happy customers. Your brand will tell the world why they would be crazy not to do business with you.

    HTTP = HTML link (for blogs, profiles,phorums):
    <a href="http://www.casualarticles.com/article/8323/casualarticles-7-Branding-Secrets-Ready-or-Not.html">7 Branding Secrets: Ready or Not?</a>

    BB link (for phorums):
    [url=http://www.casualarticles.com/article/8323/casualarticles-7-Branding-Secrets-Ready-or-Not.html]7 Branding Secrets: Ready or Not?[/url]

    Related Articles:

    Six Sigma – Not Just for Manufacturing

    Have You Ever Had That Strange Inner Feeling?... Your Inner Voice Talking To You!

    Improve Your Promotional Flyers And Improve Sales

    Bookmark it: del.icio.us digg.com reddit.com netvouz.com google.com yahoo.com technorati.com furl.net bloglines.com socialdust.com ma.gnolia.com newsvine.com slashdot.org simpy.com shadows.com blinklist.com