THE IMPORTANCE OF BRANDING
“Your brand is the single most important investment you can make in your business”. Steve Forbes.
When we think of branding as small business owners, many of us often hold the belief that it’s a marketing strategy reserved just for the big boys, however that couldn’t be further from the truth. Every business can benefit from establishing and using branding strategies in their marketing. Having a strong brand increases the likelihood of the customer choosing your product or service over your competitors. Branding also helps make getting new customers easier. When you have a great reputation it speaks for you.
LOYALTY & RECOGNITION
Not only does your brand foster loyalty, used correctly branding will reduce your marketing costs and stop you relying on a low pricing strategy to win business. Good branding builds recognition and helps customers to build an emotional connection with your business. When you are able to clearly articulate your company’s core values in all your marketing and communications you give your customer the opportunity to see beyond your products and services and connect with you on a deeper level.
TRUSTWORTHINESS & CREDIBILITY
A well thought out brand is trustworthy and has credibility and 64% of customers who have shared values with a business will use that as a driving force behind their purchase (Salsify, 2022). This statistic shows that every single interaction you have with your customer matters. By developing astrong and consistent branding you’re setting yourself up for success. By keeping consistency of brand across all your communication channels you make it easier for your customer to remember you and engage with your brand marketing.
Building your brand and always keeping it front of mind in everything you do should always be your top priority. When your customers understand you and believe in what you stand for they will support you. So what are you waiting for, develop your branding strategies today. Need help, reach out to us and see what we can do for you.
Want to learn more, read our newsletter on the benefits of proactive marketing & branding.