Only few Small business owners understand the importance of branding. They identify the key linkage between successful business and strong branding. Branding will always help you create great success for your business.
Branding is an unique way of defining your business to your team, customers, clients, stakeholders. It is also a 'identity’ point for your business. Let’s try to understand the important 5 principles to great an everlasting brand.
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1. Define your brand
Review your product / service you would like to brand. Gather necessary details related to the market which it occupies and the needs / concerns of your customers. Any words / character used should always relate to your nature of business.
2. What drives your business?
Clear Purpose, Vision, Mission enables you to drive a proper robust business and therefore create self-sustaining branding. These also help you position your business as a key player in the market.
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3. Build long-term relationships.
Create trusty with your customer by conveying realistic expectations. Be clear with your business values and that should drive your day to day business.
4. Don’t follow BIG BRAND STRATEGY.
Try and sketch your own identity. Corporate chains will have great impact in the market and don’t be tempted to recreate similar branding. Always try to leverage your business strategy towards branding.
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5. Be bold and innovative.
Unique, quirky designs / branding always stand out in the crowd. Don’t be afraid of trying new trends which enables your business to grow.
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