Online Branding Is Critical for The Success Of Every Business

The Importance of Branding

You may already realize online branding is one of the most critical aspects for your business. It makes no difference if your business is B2B, retail, big or small. When you use an effective branding strategy, you achieve a significant edge in a highly competitive market. The best way to define the term branding is as the promise you have made to your customers. Online branding informs your customers as to what they will receive from your services and products while differentiating you from your competitors. Your brand is a reflection of who you are, who you want to be and the perceptions of your target audience.

The Innovation of Branding

The innovation of your brand is the defining factor in how you are perceived online. This can be as reliable, experienced, knowledgeable, etc. Your product perception will be low or high cost, low or high quality and low or high value. It is impossible to be everything for everyone. Your brand must reflect the desires of your target customers and your perceptions of what your brand represents. It is critical to understand your brand is responsible for the success and growth of your company regardless of what you are selling. Your customers need to understand your brand and your mission. This is a lot more than simply the colors you have chosen for your brand. The process of brand development begins with conducting research. Your brand values must be strategically developed and communicated to your target audience to be effective. A brand can be associated with the latest fashions or how to reduce car insurance. There are four critical components to effective branding.

The Competitive Advantage of the Brand

You will be competing for your resources, the attention of your audience, talent and funding whether you are for or non-profit. To be successful in your category you have to have a good strategy to implement and an organizational plan. Your goals require a detailed plan for outlining specific measures and actions. You can outmaneuver your competition by reaching these goals. When this is accomplished correctly, your brand will properly represent your company. This will promote initiatives and strategic areas to improve your company, aid in growth and set you on a path for the future.

Brands are a Stable Asset

Companies will always succeed and fail; some products will not achieve success and every day technology changes. Despite this, a strong brand has the ability to continue moving forward through all the inevitable changes. Your brand should be the most sustainable asset of your company. When your brand is combined with your overall strategy, it becomes the principle for decision making and organization. There are numerous brands that have been in existence for more than 100 years, are immediately recognized by consumers and have an astronomically high value. These facts become even more impressive when you consider the life of the typical corporation is only 25 years. Your brand is your company’s most stable asset.

The Economic Value of the Brand

Every business is segregated into tangible and intangible assets. Your brand is an intangible asset. A study revealed the brand of the company is responsible for over a third of the shareholder value. The greatest values of most companies are intangible. The most prominent asset is the brand. The brand for Coca-Cola is responsible for in excess of 54 percent of the stock market value for the company. Just the brand name is valued at $67 million. The value of a brand is a critical asset. The brand of the Red Cross enables the organization to attract both volunteers and donations. Your brand is exceptionally important for your company because of the unique impact on the consumers. Your online brand is the key to your business because it attracts and influences partners, employees and your target audience. Your brand can create awareness for organizations and consumers, cut through the clutter of the marketplace, attract and develop relationships mutually beneficial for the public, suppliers and customers to help everyone reach their individual goals.

The Expectations of the Brand

The basis for the world you live in is promises. The promise of the airline mechanic is to be thorough, check the aircraft numerous times and ensure the safety of the passengers. Restaurants promise to provide a clean environment and prepare fresh food. The consumer believes their children will be protected and educated during the course of the school day. These promises are not usually bound by legal repercussions. They are a vow based on the ethical and moral code of the business owner. When you opened your business, you assured your customers you would do exactly what you promised. This is an agreement encompassing your services, products and company. Your branding is based on any promises you made to your target audience. The promise of your brand tells your audience what you believe in, who you are and why your product is valuable and unique. When you make the effort to fulfill your promises throughout the relationship, you are helping your business grow and succeed. When these promises are not kept, the reputation of you company is in jeopardy. This often results in failure because your brand has suffered. Keeping the promise of your brand results in the affection and loyalty of your customers

The Bottom Line

People see the promises made by brands every day. Even purchasing a soda from a vending machine engages the promise of the brand. Despite the numerous options available, the consumer will choose their drink based on their past experiences with the brand. The selection has the expectation of receiving exactly what the consumer was prepared to receive. This involves the process of awareness, desire, interest and satisfaction. Many of the greatest influencers are not directly related to the service or product. The influencers are the association the person has with the specific brand. This makes your online brand identity, promises and advertising crucial for the success of your business.

7 Reasons Why Branding Matters

Despite what you might think, branding isn’t reserved just for Apple, Google, Coca-Cola, McDonald’s, and and it’s not just your logo or mission statement. Branding is important for your company. It defines who you are and what do you do; how you see yourself and how do you want to be seen; where do you want to be and how will you get there; and what makes your business unique out of all the others. Branding requires your attention since it can also increase the value of your company, help you grow, make it easier to connect with customers and determine your success. If you’re still unconvinced, here are seven reasons why branding matters in business.

1. Makes Companies Relatable

When people first heard Apple’s “Think Different” ads they were immediately able to identify themselves with the brand because they shared that vision. Even if most people at the time didn’t own an iMac, or didn’t want one for that matter, they could still relate to the brand message. Since a company is something artificial and distant, branding brings it closer to people, shapes their opinion and how they perceive it.

2. Delivers a United Message

Branding connects all aspects of a company. For example, a creative professionals from Studio X achieve this by developing brand strategies that combine physical features (interior and graphic design) with virtual architecture (web design and development). This consistent presence delivers a united message across all channels of communication. Everyone involved with your company, from clients to partners, will have a clear understanding of what your business represents.

3. Supports Marketing Efforts

Marketing plays an important role in building your brand. It allows you to gain visibility with key demographics and creates brand awareness. As your brand awareness grows, marketing can rely on that recognition to support its own efforts. This mutual dependency between branding and marketing will allow your business to grow. Once you start dominating one specific market, the reputation of your brand will make it easier to market yourself to target a completely different audience.

4. Drives a Premium Price Point

Brand awareness can increase the value of the products or services you sell. As people start associating your brand with quality and it starts trending, what you sell becomes more desirable to your audience. This allows you to increase the price of your products. Quality brands are able to put a price on their brand name because people are willing to pay extra to be associated with it. That’s one of the main reasons why Starbucks coffee is more expensive than regular java at your local coffee shop.

5. Encourages Employee Endorsement

A company can improve the extent of its reach if it encourages employee endorsement. Branding helps with this since employees will tend to be more productive and promote the company when speaking to others. By feeling the value of your brand, they associate themselves with its message. This makes them more likely to endorse a positive experience about your brand, and can even turn employees into brand ambassadors that regularly share the company message at their own free will.

6. Creates Trust Among Customers

A strong brand is centered around its customers. When you have your customers (and their desires) in mind first, and profit second, it creates trust among them and marks you as a professional. As customers perceive a company’s intentions as sincere, authentic and transparent, they will transfer those feelings to the products or services you offer. They will believe that what you offer has enough power to improve their lives, and that justifies their decision to buy from you, instead of the competition.

7. Builds a Loyal Customer Base

Branding can inspire loyalty among your customers. After they convert from prospects, customers will ultimately shape their future feeling towards your brand through their experience. If you do introduce the feelings of trust, they are far more likely to make a purchase again.

Not only that, but great branding values customer loyalty and will look to reward it. In turn, your loyal customers will want to repay for your care by promoting your brand. They will become brand ambassadors and will spread a good word about your company, even remaining loyal during bad times.

Tracey Clayton is a working mom of three girls, passionate about traveling, marketing and everything tech related. Her motto is: “Live the life you love; love the life you live.”

How to Keep Your Company On-Brand at all Times

Working toward brand excellence is so important as a small business owner, and this is something that you should be striving for every day when running a business. There are some excellent ways of enhancing and boosting your brand, and there are plenty of things you can do to help you make the company a little more on-brand as much as possible.

The best way of impressing your customers and taking your business further is to make sure you are always on-brand. Your company will have an ethos, and a way of doing things, and your daily activities must exude this at all times. So, these are some of the best ideas you can use that will help keep the company on-brand at all times!

  • Never Compromise

You must never compromise from what makes your business and brand what it is. You will have plenty of business ideals that you want to make sure are important parts of the business every day. Never compromise on your beliefs, your plans for the company, or how you want the business to come across. It is important that you stick to your beliefs and ideals, and always make sure they are a focal point of the business, as this is one of the great ways of staying on-brand.

  • Keep Your Marketing Consistent

Another way of ensuring that you keep the company on-brand at all times is to make sure your marketing is as consistent as possible. The best way to keep the business branding on the right track is to make sure you improve your customer service, and that the marketing has the right focus. Too many companies seem to have a disjointed marketing strategy, and this can be detrimental to the company.

  • Cohesive Content

One of the most important things when it comes to staying on-brand is making sure you have cohesive content. So much of the time, your content can feel disjointed and not representative of the way you want your brand to come across. This is the sort of situation in which you need to use sites like https://www.templafy.com to get the correct sort of document and content management. This is so important in ensuring you are able to keep things cohesive and on-brand.

  • It’s Easy to Describe Your Brand

You know when you have kept everything on-brand when it is easy to summarize your brand in just a few short words. This is the most important thing to remember, and you need to put yourself in the place of your customers. Can your brand be summed up in just a few words? If the answer is no, then you need to make sure you work on improving your brand identity and make sure you better understand how to get back on-brand.

This is such an important thing for your business, and you have to do what you can to ensure your company is going to improve and thrive as a result. There are so many things to consider when trying to keep your business on-brand as much as possible.

The Five Areas Of Marketing Experts Will Excel In

Starting out in business can be overwhelming. When you have an idea that you love and that you know can work, you’re often excited to get stuck in. But before long, you’ll realize that a lot goes into running a business. And you can’t always manage everything on your own. In fact, it’s impossible. As your business starts to grow, you can’t spend 25 hours every single day doing admin, making sales, taking care of customer service, watching the finances, running operations, and marketing the business too. You’ll never have the time! Instead, you need to delegate. And even more so, you need to make sure that you’re delegating to people that are going to be experts in each area, particularly when it comes to marketing. Because you’ll often get the best results when you work with people that really know what they’re doing.

  1. PR

When it comes to PR, you will always want to make sure that the time spent on this is going to get the best coverage possible. If you don’t have the contacts, then you won’t even be able to come close to what an experienced agency or PR consultant can do. When you’re thinking about running an event or working with influencers, PRs can pretty much nail this for you too. You just have to stand back, enjoy the results, and pay the bills.

  1. SEO

Right now, you may think you know keywords, but do you really? Are you putting as much time as possible into getting your site to rank well on Google? Are you even doing any off-page SEO at all? If not, then you need to leave it to the experts. When you have an SEO agency or consultant in place, they will be aware of the latest techniques and policies, so that your SEO can always stay fresh.

  1. Advertising

Next, you have advertising. And if you’ve never created an ad before or even tried to set up a campaign, you may find that you’re pouring money down the drain by trying to do it yourself. Of course, you could learn, but this is better outsourced to advertising agencies that get results. If you know you want sales or traffic or customer or anything else, then leave it to those in the know.

  1. Social Media

From here, you then have social media. With so many different platforms to consider and a whole host of noise being made on all of them, do you know how you’re going to stand out? Probably not. But a social agency will know exactly what strategy your business needs to make waves and engage with your audience. So hire one and let them do their stuff.

  1. Copywriting

If you know that you can’t create great copy, you could spend more time trying to get it right, or you could just cut your losses and get someone in to do it for you. Compelling copy matters on everything from your website to your newsletters. So make sure you have the right writer on the job.

What is mobile marketing automation?

There have been a lot of new terms that business people, customer service representatives, and marketers have come to know over the last few decades. Take mobile, for example: Where once we used to be desktop or laptop based work spaces and free time, in the past few years mobile has re-made how we do nearly everything. And mobile has grown at a pace that few expected when it was first introduced. In fact, mobile-only users are now expected to top over 50 million in just a few years. That means those people may not even have a laptop, at all.

So marketers have to figure out how mobile users are different than other users, and marketers also have to figure out how to use automation when possible in order to make their more complex job easier. How do they do that? This graphic explains it.

What Is Mobile Marketing Automation?

How To Launch Your First Physical Product

The world of business is changing. Years before, it could take a lot of time and thought in order for you to get your business off of the ground. You could spend years doing your research and raising the funding you need to create your product and put it out into the market. However, now, you can also work on your craft at the same time. Because launching a content website is often the first step. When you have a blog, social channel, or online magazine, you’ll find that you’re able to create an audience, generate an income, and really get your research together before you launch that product. Sometimes, you don’t even have the intention or launching anything until you discover that there’s a need for it. So, your next project begins. But when it comes to actually launching that physical product, how should you go about it?

  1. Use Your Research

As we’ve lightly touched on, your research here is going to be crucial. When you’re working with an audience that you know well, you’ll have a lot of insight into who they are and what they want. You’ll even have the data to back it up. So make sure you pull all of your analytics data and any feedback you have to work out what they want. You can even ask them directly, just to make sure that the first product you launch is exactly what they want.

  1. Source A Manufacturer

When you do know what product you’re going to go with, you then need to find your manufacturer. The beauty of the modern world is that you don’t have to do any of this in-house. You can work with a dedicated supplier that will design, produce, and ship this product for you. Just make sure you pick out a company that you trust, that you can work well with, and that you think will do the best job.

  1. Design Your Packaging

While this is all starting to take off, you’re going to want to decide on your packaging design. For this, you might need printed labels for the actual product itself, boxes or outer packaging, shopping packaging, and even tags. Regardless of what you need, just make sure that everything fits with your brand.

  1. Anticipate The Launch

From here, you’re then going to want to make sure that you’re ready for your product launch. A great way to do this is to build up your product launch email list. Not only will you get to see what kind of interest there is, but you can market directly to the interested parties when you’re about to launch.

  1. React

And finally, you have to be able to react too. When you see how well your product is selling, you’ll want to determine whether you need to place another order, or start to work out whether you should launch another product and when. By reacting to what your customers want, you’ll always be able to ensure that your products are a success.

Entrepreneurial Success – Learn as You Grow Approach

Have you ever noticed how much business people and entrepreneurs love to talk about their success?

entrepreneur_screenshot

Screenshot from – Entrepreneur Post

The majority of these successful businesses and people barely talk about their failure journeys and struggle phases; for most of them, mistakes are swept under the rug and forgotten as quickly as possible. But do you know something? Mistakes can actually give us a chance to learn the basics for those courageous enough to embrace them.

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Screenshot from – medium.com/@brett1211

I love to interview minded people and when they tell me about their wild success journey and all the profits they’ve made, I often ask them to tell me what and when they did wrong. If they can’t name any of their past mistakes or start to sputter, I know immediately that I can discount most of what they’ve just said.

The Problem Persists in Following Someone Else’s Success

No doubt, success stories actually provide inspiration to me, to you, and to all of the entrepreneurs (locally or globally). The wrong side of the story is; continuously listening to others tell you how innovative or great they are can be a problem. How? You may start to believe that they must know the best way of doing something and whatever they did during the journey, was the optimal success path. When you internalize their way as the “right” way, you begin mimicking them instead of striking out on your own and finding a way to improve things.

In a recent conversation, I came through this question, “What is something you wish someone would have told you before starting your first venture?”

For me, the answer is “nothing”!

It doesn’t matter what anyone asked me; I’m the kind of person who believes in performing A/B split testing at every phase and I love experimenting things. I strongly believe what works for one person or organization might not be as productive for others, and on top of that, I would rather learn from my past mistakes instead of following tired advice from someone who has experienced success with their own ways. This is something I like to call a “learn as you grow approach”.

There is No Exact Formula; Don’t Rely on Others’ Suggestions

Having a “learn as you grow” approach means you never assume that someone has figured it all out. But that doesn’t mean that you know all the answers, either. Once you get started, anything can be improved upon, no matter how organized or widely accepted it might be.

After spending excellent 80 years of trade in natural fibers and wool, the 3rd generation of the Wood family actually wanted to expand into the online clothing segment. Everyone seemed to have their opinions about how they should embark it, but they didn’t care how it was supposed to be implemented. They just wanted to do it the most impactful way.

They combined their online branding expertise, their knowledge of logistics and operational efficiencies to develop their own methods while maintaining the ethics of the company.

It worked. A new extensive shape of business is being established for the next generation of Wood family to expand further in the modern era of British culture. Genie Recycling pays you the best price for recycling your unwanted accessories and clothing quickly and simply!

Bottom Line – Can’t we make mistakes? Yes, we may but we should view every mistake and potential defeat as an opportunity; opportunity to improve. This can give us the requisite flexibility and adaptability, to build an organization’s framework that can be easy to adapt changes and grow quickly.

A Learn-as-You-Grow Mentality Helps You Adapt

The fear of failure (also known as – “atychiphobia”) is the primary reason most of the entrepreneurs stipulate the “safer” way of running and organizing their businesses. They tend to follow so called best practices and tested methods to minimize the chances of failure. The question is – Is this approach make them invincible? NO.

Mistakes are inescapable, no matter which avenue you choose. You know the difference; entrepreneurs who love themselves to be guided throughout the process are less likely to adapt.

Imagine an antelope born and raised in a zoo. He learns from an early age when he will be fed and where he can roam. But what happens when he’s turned loose in the wild? He’s eaten!

People who can’t learn as they grow, who can’t challenge the status quo, show resistance to find creative solutions to the problems they face put themselves at an evolutionary disadvantage. The worst part is – they end up becoming part of the digestive process. Thus, they never reach their full potential and their start-ups are never as strong as they could be.

Conclusion

So, what does this mean? Don’t rely on others to guide you, to tell you how to run your business. Instead, adopt the learn as you grow mentality, and embrace every misstep as an awesome way to improve. This way, you’ll become more productive, more efficient, would be able to adapt anything, and creating solutions that are better than the conventional ones. And do you know something? When people ask you about your mistakes/success journey, you’ll proudly talk about the events that helped shape your start-up into something great.

BIO text – Shyam Bhardwaj is a professional SEO consultant and has worked with A-listed agencies including 4Point Digital, White Rabbit Marketing, and The Website Group. You can follow him on Twitter – @shyam_bhardwaj