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Oct 30

Brand Management How-To

Tips for How to Build Your Brand

Strong, consistent, well-managed brands will produce higher market values and competitive advantages for the businesses that develop them. Each time a customer interacts with your brand, the experience they have plays a part in defining who you are as a business.

Brand management is what turns a small business idea into a household name. Start thinking about the basics- are you delivering a message that will be appealing to the general public? Or to a local set of customers in a particular city such as here in Calgary? From logo choice to website colour schemes – every small detail may play a part in how your business is being viewed by the public.

Differentiate Yourself

Strive for customer identification – catchy slogans and taglines are used because they are more likely to be remembered. When your tagline is created with your unique core differentiators in mind, it can also keep the entire team focused on your vision. Check out this article on the 3 types of unique core differentiators!

Be Prepared to Inform

Develop your “elevator speech.” In any given situation you may find yourself being asked what it is you do for a living. Have a precise, informative and brand-dropping answer for this question that you can call upon in any networking setting.

Become a Trusted Advisor

Share your expertise – in fact, BE an expert in your business. Organise talks, workshops and informative seminars to further your brand recognition. Conduct industry research, ranking your competitors based on size, business model and reputation. Map out where you want your business to fall in relation to your competitors and focus on targeting that segment of the market.

Take a Close Look

Conduct internal studies – examining your business’ strengths, weaknesses and capabilities. Do you have what it Brand Managementtakes to corner that segment of the market that is missing?

Utilize a PR Firm

Consider a Public Relations firm to manage your reputation. PR is also a powerful tool when handling small-scale brand disasters, putting out fires before they can spread. You can even engage a stand-alone PR person who focuses on the small business sector and can perhaps add real value on a small-business budget.

Engage with Social Media

Tackling the management of an online presence or brand can be overwhelming. Start with the ‘hub’ (your website, company blog, social media sites, etc.) and focus on a stringent monitoring system of all comments and mentions, both positive and negative. Once you secure the ‘hub’ you can begin the ‘hunt’, reaching out further into the web, seeking opportunities to introduce your brand.

Remember: Your Customers are Already Talking About You

Reputation plays a large part in determining your business’ profit statement. An article in the New York Times once noted, “Your customers are talking about you, and the whole world is listening..” Sure, for most of us our world may be very small, however it is still listening! And brand management ensures that the world likes what it hears.

 

What methods have helped you build and manage your company’s brand?

We’d love you hear from you! Leave a comment below!

 

Copyright 2012, Bullseye Business Systems Pty Ltd. All rights reserved. Reprinted with permission from http://www.ranone.com

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