by Debra Valle
Fuel for your business
Big or small, brand
equity is the name of the gameBuilding brand equity making a name
for yourself that distinguishes you from
competitors is the name of the game no
matter how large or small the enterprise.
Whether you are a home-based business, salesperson,
professional, independent contractor, corporate
executive, artist, freelancer, small corporation,
non-profit organization, or even a global conglomerate;
the task of creating a unique point of difference
is daunting.
Developing a brand that sticks in
the mind of consumers requires a very deliberate
and conscious effort. And though brand equity
involves the creation and delivery of quality
products and services, raving fans, and an impeccable
reputation and profits, creating a brand message
that compels a customer to purchase requires that
you communicate a promise you are
willing to keep.
What I have observed is that most sole proprietors
spend little or no time thinking through their
brand identity or promise. Their business operating
philosophy seems centered in an idea developed
by the film Field of Dreams if
you build it they will come. The truth is
that if you build it and fail to communicate
it your it is destined
to become the worlds best kept secret.
Another misperception shared by many solo professionals
and small business owners is the belief that their
own businesses are too small to create the kind
of distinctive message and look accomplished by
Madison Ave. Most of us believe we don't have
the money or level of resources used by Fortune
500 companies to develop a unique brand identity.
While our pockets may not be as deep, the processes
responsible for creating some of todays
genuinely great brands are not as costly or involved
as you might think. These processes are easily
adaptable. And they dont take Madison Avenue
genius to incorporate.
Creating a personal
brand identity
To create a personal brand identity, you must
first place yourself squarely on the path of your
success and then consciously construct and take
responsibility for the vision, the business, and
the image that you are creating.
At the very core of your business sits an essential
truth where your specialized set of talents, gifts
or strengths overlaps with the needs of your customers,
their aspirations, or fears. When creating a unique
brand message, you must truly understand what
value you add to the lives of your customers.
The quicker you lay hold to this value, the easier
it is to communicate a compelling message.
Where do you begin?
You are the CEO of your brand, which means you
must take charge of positioning your brand in
the marketplace. Like the CEO of any Fortune 500
company we begin the process with research. Start
by gathering consumer and competitive data.
Five steps to discovering your unique brand message
- Survey loyal customers, defectors (those who
were once part of your franchise), and shoppers.
- Study competitor products, positioning, pricing,
and brand messages.
- Determine how you want to be positioned in
the minds of your customers and others.
- Define your target audience, understand their
wants, fears and aspirations.
- Look for all the functional, symbolic, and
emotional points of differentiation.
Gather this information looking for themes and
the nuggets of information that seem to hold it
all together pointing to your key selling
idea.
Once you have completed these steps, you will
be standing firmly on your unique brand platform
ready to create your brand new look.
Check out Fuel cells
to help you get started!
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Fuel cells
Tips on how to get
the brand development process startedCreate a personal focus group. Your focus
group will help you better understand your current
brand position in the marketplace. People already
see in you a particular promise. Your job is to
discover how you are currently positioned (or
seen) in their eyes. You may think you know why
others are in a relationship with you, but you
will find that your raving fans are
infinitely more willing to brag about your
gifts than you are.
Here's how to begin.
- Identify 812 clients or associates you
absolutely love.
- Ask them if they would be willing to be in
your focus group.
- Explain that you are getting ready to re-brand
your business and that you are trying to get
a better handle on your value in the marketplace.
- If they agree, send them the questions listed
below.
Questions for your focus group
- When you approach me for guidance or input,
what do you expect to occur?
- What kinds of issues do you count on me to
solve for you?
- What would you say is my special gift or talent?
- What would you say to someone else when describing
what to expect from me?
- In a word or two, how do you expect to feel
following an interaction with me?
- What's your sense of how I might be excluding
potential clients or opportunities?
- Why might someone choose NOT to purchase my
product or service?
- What measures could I take to create more
opportunities or a stronger identity or image?
Many people describe this one exercise as the
most moving experience in their branding process.
Many are shocked to discover how clearly they
are truly seen. Most are amazed that the attributes
attracting others to them are often the trait(s)
they themselves take most for granted. Few have
ever before realized the marketing potential in
their every day values. This experience for many
is described as the experience of returning home.
The answers you glean from this exercise will
help you better understand your value to your
ideal clients. You can then confidently and consistently
speak to
- what it is you stand for;
- your promise in the marketplace;
- the difference you make;
- the value you bring to your target audience.
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Fuel for your soul
Remember self in the
processThe following quote is attributed to Martha
Graham, known by many as the Mother
of American Dance. I was reminded of it
while reading frequent Oprah contributor
Cheryl Richardson's
e-newsletter in December. It speaks to the reason
why it is important to harness our gifts and create
a business from that basis.
"There is a vitality, a life force, a
quickening that is translated through you into
action, and because there is only one of you
in all time, this expression is unique. If you
block it, it will never exist through any other
medium and be lost. The world will not have
it.
It is not your business to determine
how good it is; nor how valuable it is; nor
how it compares with other expressions. It is
your business to keep it yours clearly and directly,
to keep the channel open. Martha
Graham
Here’s another reminder of the importance of self in the branding process. It’s from
Tom Peters, author of Brand You 50.
When you are promoting Brand YOU, everything
you do and everything you choose not
to do communicates the value and character
of your Brand. Tom Peters
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