Branding 101: Managing Your Brand
Key Takeaways
- Managing a brand requires commitment, passion, and a long-term strategy to grow stronger and evolve with the company.
- Consistency is key when maintaining a brand, including consistency of price, quality, messaging, assessing competitors, and customer feedback.
- Developing a cohesive brand will be crucial if the company is to develop a good reputation in a competitive industry.
You can’t “fix” a brand over night. It’s an ongoing process! Managing your brand requires commitment, passion and a long-term strategy.
If implemented effectively, your brand will grow stronger and develop with your company. It will possibly evolve as you become more and more comfortable with your brand as a marketing tool.
Part V: Managing your brand
You may find you will lose some clients along the way. If this is the case, do they fit in with your brand values and where your business is going? Odd as it may sound, a customer that doesn’t fit may harm your brand. If these customers do fit with your perceived brand values, you need to find out why the ‘fit’ isn’t working the way you planned and how you can improve your brand communications. However, don’t let a client dictate your brand values as this may harm the long-term vision. This is one of the key things to remember, as you don’t want to lose something you have spent time building. Constantly remind yourself, and your team, of your brand values.
Your brand will also evolve based on your customer interaction. Utilise feedback as often as possible, so you know you are on the right track.
- Assess your competitors and see what they are doing right
- Ask unhappy customers why they are unhappy and resolve the issues as quickly and efficiently as possible
- Regularly review your products/services and all communication. Make sure they fit in with your brand values and your client base
An important part of managing your brand is being consistent. It includes consistency throughout price, quality and message with your interactions and communications. McDonalds have this perfected. You can walk into any one of their restaurants, anywhere in the world, and know exactly what to expect when you ask for a Big Mac. There is a level of consistency there – on a global level. You can also see that they have had to change their core brand values as general social values change towards health issues.
The heart and soul of your business
You need to be realistic on what you can achieve with your own resources. Both, financially and with the human resources you have. From a business perspective, a brand is the very core of your business – the heart and soul of what the company is about. Think about the big brands and the way they deliver. Obviously, they have big budgets, but they have also developed their brands over time. There is no reason why you can’t begin to develop your company brand now.
In an increased world of competition, it is essential to find a position and direction for your company moving forward and to establish a way to engage people.
It is amazing how many SMEs do not pay attention to developing a cohesive brand for their business as they grow. This can create problems as a company begins to move away from the initial business owner being seen as the brand.
Create a distinctive brand for your business now and you can develop a company that gets recognised for all the right reasons, and by all the right people.
Good luck!