Branding is all about the image projected by your business; it leans heavily on the perception of people. In reality, branding is not just as simple as having the right logos, emblems and style; but it also incorporates reliability, standard of quality or lack thereof. What really matters is what the customer thinks of you and your business, and it has been said that, perception is much more important than reality. The branding of any business is the deciding factor which ultimately distinguishes a particular business from the plethora of other competing businesses.
The Importance of Branding To a Startup Company
The success of any business is intrinsically tied in to the successful image portrayed as a result of the branding achieved. The branding of a startup business is a rather crucial aspect and it may very well determine the sustainability of the business itself. The identity of any business, especially start-ups, is highly dependent on the branding done. What will persons associate your business with when they see your logo or view your ads? Will they immediately think of inefficiency or reliability? Their assumption will be based on the image portrayed – this is the power of branding!
The common factors which may at first seem insignificant are actually the ones which make up the fabric of your created identity. Easily overlooked features such as the appearance of your business cards, the visual appeal of your storefront or even your webpage, are all essential factors which go a far way in cementing the images formed from the very first impression.
Do It Once – Do It Well
As a new business, it is especially important that the right image is sent to the general public. Once your branding has been completed, it can be extremely difficult to correct. As an entrepreneur, never underestimate the power and importance of branding. It guarantees a professional look, and allows for confidence to be developed in the minds of your customers that you are able to deliver that which you have promised. This simple psychology plays a major role in motivating persons to make purchasing decisions.
Branding must be distinctive and easily recognizable. It is rather easy to get lost in the ‘world of advertising and branding’; therefore your brand must be able to stand out from all the others. Strive for consistency among all your features, for example, logo, business cards, stationery and web sites must display common threads. Remember, your goal is to strive for an image that your customers can easily identify you by – you are striving for high visibility and memory retention!
Basically, effective branding begins not with your conception, but rather with your target market. A brand should represent all aspects of the product or services which you currently offer. It is indeed a collection of the images, lifestyle and status levels which will appeal to your target base. Therefore, you approach to branding should be strategic in nature, and thorough research go the target market and you branding should be structured around the needs of you target group.
It is a well-known fact – people are easily attached to brands for various reasons, and most purchases are emotional rather than logical. So, branding must create a distinction in the mind of the customer as well as appeal to his/her lifestyle which satisfying their needs.