The Value of Branding for small businesses

The Value of Branding & What It Can Actually Do for Your Business

When it comes to branding many people often assume it’s just a logo and a colour palette. But honestly, the ‘look’ of a brand is just the tip of the iceberg. Brand identity (visuals only) alone won’t cut it in this day and age. Consumers are looking for brands who share the same values, beliefs and who talk their talk and walk their walk. In this article, I’ll explain how now most products/services are considered commodities but if you want to be known for more than faceless facts and figures and start inspiring and motivating people then you need to think hard about what your business stands for and capture the true essence of your brand. I’m going to break down the graphic below into more detail to help you understand the value of branding and what it can do for your business.

What is branding?
What is brand and what it can do for your business.

Build Your Dream – An Analogy

Let’s say you’re about to embark on a journey to building your dream home. Before you make it a home it needs to be a solid structure; and a strong safe structure needs a plan; the blueprint. You have a pretty good idea of how you want the end result to look but getting it that point and build right is going to save you heaps of time and money in the long run (we’ve all seen what happens when people cut corners on Grand Designs).

You first need to start by sitting down and planning your dreams and goals for what you want your home to; do for you, be for you and feel for you. A framework is designed to put in place the foundations, to a) keep you on track, b) to create consistency and c) remember why you started in the first place.

A home is a place for you to live out your core values they should be reflected throughout the exterior and interior and the same goes for branding a business.

In other words, do you want it to be self-sustaining, secure and future-proof? Your values make up the backbone of your brand. They don’t have to be the same as your own personal values but my experience they often are. We get into business because our values drive our passion and it’s this passion that makes us unique.

TOP TIP: Remember with all things a little planning at the beginning will always add up to big results! The same goes for branding.

Slow and Steady Wins The Race

Building a strong brand is no quick and fast process making sure the foundations are solid, strong and taking the time to foresee any problems to ensure the safety and stability of the brand’s success will ensure it can withstand the test of time and support you and your family in the life you dream of. Remember you’re building a legacy.

Once you’ve got a rock-solid framework and your super clear on what your brand stands for, then it’s time to start planning the look and feel (just like painting the walls of a home). What style should it lend itself to? When people visit your shop or website how should they feel? Inspired, calm, reassured or motivated?

Like I mentioned above your values play a vital role in the end result. Just like building a house, you need to look at all aspects, for example, does it lend itself to the landscape (your market/industry)?

All these aspects and questions are the same for building a strong and safe brand. Your brand is a platform for promoting your businesses core values (the WHY you are doing what you’re doing). Read my blog post The Ultimate List of core Brand Values for Lifestyle Brands to help you uncover your brand’s values.

Eliminates the need to compete on price

A brand is taking commerce, (the act of selling a product or service) and giving it a personality (remember it’s what’s on the inside that counts). If you think of the logo as the ‘face’ of the business, the brand’s is the likeable, loveable character of the business.

The little question of WHY has a major impact on the development of your brand and its success. Without it, you don’t have a brand you have a business, that is only limited to selling faceless, facts, figures, benefits and features. Originality comes from you. Think about what you’re truly selling a lifestyle? A dream? Once you’ve figured that out there’s no need to compete on price.

Brand clarity Session
One of my Brand Clarity sessions: I work with my clients on a 1:1 basis

Branding defines your purpose

It’s your core values, belief system, passion and the grounding reason WHY you exist in the first place? Your WHY should always be at the forefront of your brand. Quoting Simon Sinek “People don’t buy WHAT you do, they buy WHY you do it?”. The goal is not to do business with everybody the goal is to do business with people who believe what you believe and trust in what your brand stands for. A strong brand helps you align with your audience and build a community that loves and trusts you thus creating a loyal following filled with advocates.

In this day and age, people buy on emotion. Why? Because most products or services are considered a commodity. Think of how many coffee brands, fashion brands, car brands and yes services based businesses like personal trainers there are in the world. All offer a similar end result but it’s their values that set them apart.

For example, A car (regardless of the brand) will get you from A to B safely, but how they get you there is what determines WHY a buyer will choose one over the other. Yes, it can be on price but often it’s based on an emotional thought process. If you value power, beauty and soul then maybe an Aston Martin speaks to you, while if you pride yourself on sustainable and cutting-edge technology then it’s likely a Tesla will resonate better. Each car brand has its own tribe, Mercedes drivers are considered a different type of driver from an Audi driver and so on.

A brand isn’t just a logo it represents values and beliefs. – Image from @fitdancecz Instagram

No matter how much we crave individuality, the brands we buy from define who we are. Nike, for example, is the brand that represents inspiration and innovation to every athlete* in the world. *If you have a body you’re an athlete.  They stand by their values consistently throughout their brand, no one else does it quite like them that’s why they sell so many branded Tshirts with a simple Nike Swoosh, people want to showcase who they are as individuals and if they wear Nike or even a t-shirt with WWF their values are clear. The psychology that plays into building a brand is an art. We all have access to the same media platforms, marketing ideas and marketplaces. But how come some are more successful than others? It’s down to good branding and clearly communicating its values.

A brand That’s loved and trusted

Trust is hard to acquire in today’s markets. Unfortunately, the internet is home to a lot of false claims which no industry can escape. When I build brands for my clients I always give them the hard truth that it’s not all about you it’s about them. Finding and understanding your audience needs wants, fears and desires are vital in running a successful business today. Branding is what people expect, experience and remember; the true challenge is creating a brand that goes beyond their expectations, leaving a lasting (positive) impression.

It tells a story

When you only choose to focus on the facts, figures, features and benefits it doesn’t drive behaviour or emotion maybe that’s why Dell’s website is so boring (clearly I’m not the target market) and Apple’s is enchanting. As humans, we’re programmed to love a good story. We like to feel inspired, motivated and feel like we can relate to the characters. A brand’s story should evoke emotion and spark action among the audience allowing them to feel empowered. Telling your story builds trust and loyalty which is responsible for human behaviour and decision making. The art of telling your story is the magic your brand has and everyone loves a good underdog that’s on a journey to success.

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