Branding Cures Several Marketing Headaches
Are you trying to attract business with a no-name,
no-differences-from-competitors company identity? Branding your
company, when done well, not only helps you stand out in a field
of similar choices, it also helps you avoid price-shoppers and
deliver results to customers that inspire loyalty. Here’s why.
Headache #1: Competitors all seem the same
Put yourself in the mindset of a customer and go shopping for a
company that provides what you sell. Do all the options seem
pretty much the same? If so, create a memorable difference with
branding. Stand for something that will set you apart.
Be faster, longer-lasting, more traditional, more fashionable,
more child-friendly, organic, more international, etc. When you
put this difference front and center in your company name and
tag line, you become the best and possibly even the only choice
for your target market.
Some companies make their mission statements available to
customers as a way to communicate their operating values.
Others embody their values and differentiation in advertising
symbols, slogans, signage and store design. Still others rely
on media coverage to get across their distinctive message. Some
convey what they stand for in their customer newsletter.
Standing for something specific (not something vague like
"quality") helps your company say “So what?” to all the
competition.
Another way to brand the company is to choose a personality for
it and embody that personality in everything they do. Here are
some options:
· sincere and friendly
· off-beat, fun to be with or exciting
· adventurous or artistic
· careful and finicky
· glamorous and sophisticated
· the strong, silent type
· brash and even slightly irritating
· motherly and considerate
>From the company's personality can flow ad campaigns, kinds of
special events to sponsor, company colors and typefaces,
corporate gift selection, even the talent chosen to record
company voice mail messages. With a personality, you’re more
memorable than bland competitors.
Headache #2: Price-shoppers and tire-kickers waste your time
When you make pricing part of your branding, you cut down on
the number of "tire-kickers" you need to deal with. This occurs
whether your prices are high, low or medium. You also rope in
many of the shoppers who might otherwise make incorrect
assumptions. Some go away without asking your prices because
they figure they couldn't afford you. Some guess that your
prices are low and conclude that therefore you couldn't be very
good at what you do. In the latter case, proclaiming your high
prices increases business because clients willing to pay for
the best now know you fall into the category of elite firms
they want to patronize.
Above all, make sure your pricing fits with the other
components of your image. If you charge in the low range, your
stationery, logo and delivery trucks shouldn't look classy and
expensive. If you charge in the high range, you should be
giving out higher quality company gifts and promotional items.
Another good solution for companies bothered by price shoppers
and customers seemingly without brand loyalty is to lean more
heavily on benefits differentiating them from competitors. The
classic definition of business benefits reminds us that people
don't really buy 3/4-inch drills, they buy 3/4-inch holes. They
don't buy an item or a service, but the result produced by the
item or the service.
If you're a financial planner, you really deliver not financial
advice but peace of mind and the ability to live well in the
future or take care of one's family. If you're a rental car
agency, you really deliver not a rental car but the ability to
drive around freely when someone's own car is being repaired or
is far away back home. Building these benefits into your company
name and tag line is smart.
Headache #3: Customer service doesn’t inspire loyalty
Branding can give your organization an image to live up to and
therefore help your employees perform better than with a bland
identity. This worked so well for Domino’s Pizza when their
identity rested on delivery within 30 minutes that they had to
pull back on this promise after a jury held the company
responsible for an accident caused by a driver rushing to
deliver within the promised time. To avoid that pitfall, run
your new proposed branding past a lawyer trained to think in
terms of worst case scenarios.
Keep tabs on how well your employees are living up to a
customer service promise by engaging a "mystery shopper" or
"mystery patient" (for hospitals), who interacts with the
company incognito and then files a report on their experience.
Many of the faults that turn up in such reports can be easily
corrected once identified, leading to an improved image.
You can also directly solicit feedback from clients through a
survey form. Sometimes the very act of asking for feedback
improves your firm's image, since it shows you care about
customers' experiences.
When implemented intelligently and visibly, branding sets you
apart from competitors, helps free you of price shoppers and
gives customers an experience that brings them back to you
again and again.
About The Author: Marcia Yudkin is the author of 6 Steps to
Free Publicity and ten other books hailed for outstanding
creativity. Find out more about her new discount naming
company, Named At Last, which brainstorms new company names,
new product names, tag lines and more for cost-conscious
organizations, at www.NamedAtLast.com
|