A business with the wrong brand identity is swimming against the current and creates issues for itself that can be avoided with the right branding.
But the right part is what is so complicated.
A solid brand identity serves your business by showing off your core values without needing much assistance and it should be the centerpiece for all your marketing efforts.
If you’ve already had your brand established but it’s dated or for some other reason doesn’t accurately convey what you are all about, then this process can be a little more of a struggle but equally rewarding.
It doesn’t have to be a negative experience at all and if you ask the right questions, the answers and the brand identity will come naturally.
Before you start any branding or rebranding try asking these five questions so you know you’re on the right track.
1. What do you like about your business?
This is such a simple question and it might not even be easy to answer. The answer you give can really show you a lot about what your business interests are and why you are in business in the first place.
Do you enjoy the product yourself and want others to share in what you’ve made or discovered? Or are you a public speaker who loves being on stage educating others?
By asking yourself what you like about your work you’ll see what others could like about it. Plus, the more you fully understand why you are in business and what you love about it, the more others will pick up on that energy.
This is key to defining your business’s brand properly.
2. What brands do you like?
While a foreign industry to yours may not seem like a good guide for your brand, it can show what appeals to you and how you’d like to be seen.
Select a few brands you’ve been loyal to and analyze what drew you towards them. Are they very trustworthy and business focused or are they boisterous and community focused?
Everything from their logo to their tagline to the content on their website and social channels can be evaluated.
You don’t need to copy them at all but assess the intentions behind their identity and why that same approach might be suitable for you and your business.
3. What do your competitors look like?
Your competition has likely already done some soul searching themselves before they committed to their branding. Look at how they sought to define a unique brand voice that makes them stand out from everyone else.
If there are consistencies between competitors, understand that the similarities exist for good reason. You should possibly adopt some elements of those consistent variables into your own brand.
4. What are some “pain points” for your clients?
We’ve talked about pain points in a previous post about differentiating your brand USP. These are areas where your ideal client struggles.
These can be industry-wide faults or simply something nobody has put the effort into addressing.
If potential leads encounter the same barrier over and over and you can offer them a solution that avoids all the headaches, it should be at the forefront of your business’s identity.
5. Why you?
Aside from being an option that is less frustrating or has a more positive outlook, what do you do that is so different?
This can come down to something as small as your service guarantee or as broad as your pricing. Maybe you deliver more consistent results? It’s different than what you like about yourself.
This question is really about what your ideal clients like about you. These can be very different answers but no less important to defining your brand.
A brand that isn’t appropriate to your business and your goals will work against you so make sure you ask yourself these five questions before you start settling on anything.
DISCLAIMER: This article expresses my own ideas and opinions. Any information I have shared are from sources that I believe to be reliable and accurate. I did not receive any financial compensation for writing this post, nor do I own any shares in any company I’ve mentioned. I encourage any reader to do their own diligent research first before making any investment decisions.
The TopRanked.io Weekly Digest: What’s Hot in Affiliate Marketing [++ A2 Hosting Affiliates Review]
Something's brewing in the Right to Repair space. Lawmakers are increasingly law-making. DIY fixer upperers are increasingly fixer uppering. And,...
Why the Carbon Credit Market Is Not Working
The Carbon Brief analysis focused on 34 companies that alone used 38 million tons of carbon dioxide over the period...
Recrowd, Real Estate Lending Platform, Finally Gets European Authorization
Recrowd adopts a distinct approach for less sophisticated investors, limiting their investments to under €1,000 or 5% of their net...
Why the Amounts Invested in Belgian Fintech Companies Decreased
In 2023, the Belgian fintech sector has not witnessed any major fundraising events similar to those in previous years, such...
Bitcoin Soars 130% This Year: Will It Reach New All-Time Highs in 2024?
Bitcoin is currently trading within an ascending channel, maintaining support at $35,000, with an upward trajectory towards the psychological resistance...
Cannabis1 week ago
South Africa Approves a Bill Legalizing Cannabis Cultivation and Possession
Crypto3 days ago
First Condominium of Tokenized Houses Launched in Brazil
Impact Investing2 weeks ago
New Round for 3rd Edition Dedicated to High-Impact Startups in Italy
Fintech1 week ago
Private Credit and Tokenization: a Market Worth Over $1 Trillion