Building your brand
First published on 17 of December 2018 • Updated 05 of April 2019
Your company’s brand can be a major asset – potentially the biggest asset of all. A recognisable brand builds trust, inspires employees, makes it easier to spread word of mouth and helps you create consistent and impactful marketing. We tend to think of brands in terms of large corporations, like Coca-Cola, Apple and Amazon, but all of these benefits apply to small businesses and can be equally important.
In this simple introduction you’ll find out the fundamentals of branding, including:
- What is a brand?
- How do you create and define a brand?
- Your brand values
- What are the different elements of a brand?
- How to develop your brand over time
Remember that your brand has a monetary value that should be factored in to the value of the business. Talk to your accountant about how to value your brand.
What is a brand?
You can think of your brand as your business’s personality. If your business were a person, who would they be and what would they be like? That should immediately give you some idea of what your brand is.
Put in basic terms, your business is what you do, but your brand is who you are. However, bear in mind that a brand doesn’t just come from you, and may be very different from your own private personality. The brand is how your customers view your business, and the values they associate with it. Your task is to make sure that this customer perception is as positive as possible – and just as importantly, that it’s a good fit for your core customers. So how do you achieve this?
How can you define your brand?
You may have a very clear idea of your business’s identity. Then again, you may be so busy that you haven’t a clue. The first step to building your brand is to take a step back and see your business from the customer’s perspective. This will form the foundations of all your branding and promotional activity.
Know your customers
First, think about your customer. A huge variety of people may use your products and/or services, but most businesses have an ‘ideal customer’ who is most typical. Focus on this kind of person and how you might appeal to them. For example, it’s no good having a brand that appeals most to middle-aged parents if your core customers are teens.
Create a profile of your customer base, starting with your ideal customer and working outwards to include more casual consumers. Ask questions such as:
- What’s their age range?
- Are they male/female/either?
- Are they single/married/either?
- Do they have children?
- Are they working or retired?
- Do they have a high, medium or low level of income?
- Do they mainly live in the country or the city?
- What do they value most (e.g. quality, speed, friendliness, convenience)?
- What might their other interests be?
This is just a short list of the possible attributes that you may want to consider. Work to build as clear a picture of your customers as you can.
Identify your unique selling points
Next, move on to thinking about your USPs. Identify what makes you different from your competitors, such as service, innovation, value, convenience, quirkiness, quality, friendliness and so on. Then think about the one or two that really stand out – you need at least one aspect that sums up what you’re all about and where your energies are focused. If you can’t easily find one, go back to your ideal customer and find out what they appreciate about you most.
Explore your culture
Now look at your culture. This is the way you do business and what you’re generally like as a company. You can use the spectrum below to plot where you think your company falls on the scale.
For example, Coca Cola would appear close to the Fun and Friendly ends of the scale, but also close to Traditional. Barclays Bank might be Serious and midway Friendly/Formal and Innovative/Traditional, while Nike is very Innovative but mixes Fun and Serious elements, and so forth.
What goes into creating a recognisable brand?
Building a recognisable brand requires much more than a logo. Here’s an overview of all the touchpoints you have with your customers, which work together to form a brand.
- Customer service – How you interact with your customers will leave a lasting impression. Think carefully about the way you deal with day-to-day contact, delivery options, procedures, complaints and ongoing support etc. Make sure it’s consistent and that your team all follow the same processes.
- Your products and service – What do you deliver and what makes it different or better than your competitors? Your customers need to know why they choose you and will come to expect a specific experience, so be consistent with what you offer.
- Values – In what ways do you think your business is making a positive difference to the industry, society or the world? This is what your company values are – or at least the ones you should promote as part of your brand.
- Tone of voice – This is how you speak to your customers, e.g. friendly, to the point, expert, professional and so on. This will affect all of your communications, including what’s written on your website, emails, letters, phone calls etc. If you’re not good with words, get help here – it can make a huge difference to your brand perception.
- Name – You might already have a name that you don’t want to change, but remember that your name is part of your brand. If it’s long, difficult to say or doesn’t reflect your company’s personality then you might want to have a rethink.
- Visual style and logo – From the colours and fonts you use to the pictures you choose, your visual style is how customers will physically see your brand. It’s worth getting expert support on this as it’s a complex aspect with deep rooted psychological and social parameters. Nothing is more off-putting than amateurish design.
- Tagline and mission statement – An example of a tagline is L’Oreal’s ‘Because you’re worth it’ or Ronseal’s ‘Does exactly what it says on the tin’. A mission statement is generally less catchy and more explanatory, and will be largely for internal use. It’s a short sentence or paragraph that reminds your people and your customer what you’re here for. An example is Tesla’s, ‘To accelerate the world's transition to sustainable energy’.
- Marketing – All the messages you put out about your business, from newsletters to advertising and your website, will help form your brand. Make sure they’re consistent in tone, visuals and messaging.
Developing your brand
Now that you have the various brand elements in place, you need to check regularly to see if they having the desired effect. You want your brand to be strong enough to create customer loyalty, not just customer recognition. Therefore it will probably need to evolve and grow as the business environment around you changes and more competition appears.
Your brand should be something you’re constantly building and protecting. This process should follow a strategy that incorporates your goals, values and style guidelines, which is sometimes called a brand plan. Like a business plan, the brand plan sets out what you want to achieve and how you propose to do it. As with every strategy, you should keep testing it against reality to see if it needs adjusting.
Your brand is your single biggest touch-point with your customers, and the channel through which you’ll build those long-lasting customer relationships that keep your business healthy. So put lots of care and attention into your brand, and treasure it!
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