Liquid Creativity https://liquidcreativity.com.au/ Liquid Brand Agency, Melbourne Tue, 12 Nov 2024 05:35:41 +0000 en-AU hourly 1 https://wordpress.org/?v=6.2.6 Effective Brand Positioning: How Melbourne Tech Companies Can Differentiate to Dominate https://liquidcreativity.com.au/melbourne-tech-companies-brand-positioning-strategies/ https://liquidcreativity.com.au/melbourne-tech-companies-brand-positioning-strategies/#respond Tue, 19 Nov 2024 05:34:31 +0000 https://liquidcreativity.com.au/?p=24962 Elevate your business with these 5 essential branding strategies. Build a strong brand identity, connect with your audience, and drive long-term success.

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BRANDING


Effective Brand Positioning: How Melbourne Tech Companies Can Differentiate to Dominate






In Melbourne’s thriving technology sector, differentiation is a strategic necessity. With countless tech firms vying for attention, standing out requires more than innovative products and services. It demands a strategic approach to brand positioning that resonates with customers, highlights unique strengths and establishes a memorable presence in the market.

As one of the fastest-growing technology hubs in the Asia-Pacific region, Melbourne is home to companies driving advancements in digital health, automation, and quantum technologies. The booming landscape presents both opportunities and challenges.

Effective brand positioning can help Melbourne tech companies secure their place and thrive long-term. In this article, we explore what brand positioning means for technology companies in Melbourne and how it can be leveraged to achieve a lasting competitive advantage.

What Is Brand Positioning?

Brand positioning is about creating a favourable and unique perception of your brand in the minds of customers.

02_Tech_Companies_Brand_positioning_Build_up_your_brand_positioning

Brand positioning is about creating a distinct space in the market that resonates with your ideal customers. At its core, effective brand positioning is built on three foundational elements: unique value proposition, target audience relevance and competitive advantage.

1. Unique value proposition:

This is the heart of your brand positioning—the defining qualities and benefits that set your tech company apart. For Melbourne’s tech firms, this might mean highlighting advanced AI capabilities, innovative digital solutions or unparalleled local expertise. Your unique value proposition should define why customers should choose you over competitors.

2. Target audience:

Understanding who you’re speaking to is essential. Melbourne’s tech industry serves diverse clients, from startups and corporations to government entities. Positioning that speaks directly to your ideal audience ensures your message is relevant and hits home, creating a stronger connection and building trust.

3. Competitive advantage:

Melbourne’s tech scene is highly competitive, so leveraging your competitive advantage is crucial. This element defines the edge you have over others in the market—whether it’s a faster solution, specialised services or a reputation for reliability. By clearly articulating what makes you the best choice, you can elevate your brand and attract the right clients.

Why Differentiation Is Crucial in the Tech Industry

Differentiation allows companies to carve out a niche, attract loyal customers and build a memorable and impactful brand.

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Melbourne is a thriving technology hub, home to many top Australian and international tech companies. As the city’s tech landscape grows, so does the competition. To succeed, tech companies must stand out in this crowded space to drive long-term success.

Several factors make differentiation essential for Melbourne tech firms:

Rapid tech advancements: In an industry where innovation is constant, staying relevant requires more than keeping up with the latest technology. It’s about positioning your brand as a leader in breakthrough areas, like AI and quantum technologies, to convey a forward-thinking identity.

Global competition:

Melbourne’s appeal as a technology supercentre attracts international giants and startups alike. To compete, local tech firms must establish a brand position that highlights their unique expertise, particularly in understanding and addressing the specific needs of the Australian market.

Evolving customer expectations:

Today’s technology consumers expect more than cutting-edge solutions. They want brands that demonstrate sustainability, transparency and social responsibility. Tech companies aligning their brand positioning with these values can build stronger connections and foster customer loyalty.

By addressing these pressures head-on, Melbourne tech companies can create distinctive brands that stand out, foster trust and drive long-term success.

Key Strategies for Effective Brand Positioning in Tech

For Melbourne’s tech companies, effective brand positioning means standing out in a competitive and rapidly evolving market. Here are three key strategies to build a competitive edge:

Focus on innovation

Melbourne’s tech ecosystem is known for digital health and advanced manufacturing. Positioning your brand around innovation means showcasing your role as a leader, whether in quantum technology for research institutions or automation solutions for manufacturing. Demonstrating leadership in industry-specific advancements reinforces your brand’s relevance, establishes credibility and signals to customers that you’re at the forefront of technological progress.

Customer-centric positioning

Effective brand positioning in tech also means putting customers first. By tailoring your messaging to highlight how your solutions address customer pain points, you demonstrate that you understand their needs. Melbourne’s tech companies, particularly those in digital health and clean energy, can differentiate by emphasising how their products enhance lives, boost sustainability or improve efficiency. This customer-centric approach builds trust and shows that your brand is in tune with its audience.

Niche specialisation

Specialising in a specific tech area differentiates your brand and establishes a depth of expertise. For example, if your company focuses on clean energy tech for sustainable manufacturing or quantum computing for secure communications, you’ll attract clients looking for dedicated solutions in these evolving fields.

Case study – Logicly

When Logicly (formerly Strategic Data) approached Liquid Creativity, it sought a transformation that reflected its shift from a data-centric company to a digital solutions provider. The goal was to attract a more diverse client base and showcase its capabilities to larger organisations, including government bodies, corporates and research institutions.

Liquid Creativity worked with Logicly to reposition the company, creating a new name, brand identity, and marketing strategy that communicated their strengths in solving complex information challenges. Moving away from a purely data-focused identity, we crafted a brand narrative highlighting Logicly’s role as a digital solutions provider with broad expertise.

The rebrand included a dynamic visual identity and a new website, supported by insights gained from client and staff interviews. These efforts helped Logicly present a cohesive message that resonated with new and existing clients.

Elevate Your Brand Positioning for a Competitive Edge

Melbourne’s tech landscape is filled with potential, and effective brand positioning is essential to make the most of it. You can build a thriving brand by aligning your brand with customer expectations, showcasing unique strengths and maintaining a credible identity.

If you’re ready to define or refine your brand positioning, we can help you create an authentic, innovative brand that’s perfectly aligned with your business goals. Get in touch to book a discovery call and explore how we can help you navigate Melbourne’s tech sector with confidence.


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]]> https://liquidcreativity.com.au/melbourne-tech-companies-brand-positioning-strategies/feed/ 0 Rebranding vs. Brand Refreshment: What’s the Difference and Why It Matters – Overview https://liquidcreativity.com.au/rebranding-vs-brand-refresh-key-difference-and-importance/ https://liquidcreativity.com.au/rebranding-vs-brand-refresh-key-difference-and-importance/#respond Tue, 12 Nov 2024 05:35:05 +0000 https://liquidcreativity.com.au/?p=24960 Elevate your business with these 5 essential branding strategies. Build a strong brand identity, connect with your audience, and drive long-term success.

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BRANDING


Rebranding vs. Brand Refreshment: What’s the Difference and Why It Matters – Overview






A brand that resonates with customers and shapes positive perceptions is essential for any business. Even the most iconic brands rebrand and refresh—not because they’re failing, but because they’re smart enough to know that staying relevant means embracing change. Whether it’s a full rebrand or a more subtle refresh, keeping your brand in step with the times can be the difference between staying ahead and getting left behind.

It’s important to remember that branding isn’t a one-off task; it’s an ongoing process. New competitors emerge, market dynamics shift and customer needs evolve. As your business grows and adapts, your brand must follow suit. That’s why regularly reviewing and updating your brand is crucial to maintaining its relevance and driving continued success.

But when should you choose a full rebrand versus a brand refresh? Both options serve distinct purposes, and choosing the right one can have a significant impact on your business. In this article, we’ll explore the differences between rebranding and refreshing, and provide insights on when each approach might be right for your brand.

What Is Rebranding?

Rebranding is an extensive transformation of a company’s entire identity. More than just updating a logo, it can involve a new name, redesigned visual elements, adjusted messaging and even shifts in mission and vision.

Rebranding is a strategic move aimed at changing how a business is perceived by its target audience, often to align with new directions, overcome challenges or tap into fresh markets.

Why Companies Choose to Rebrand

Rebranding is typically a response to significant shifts within the business or its environment. Here are a few key reasons why businesses opt for rebranding:

Why Companies Choose to Rebrand

Structural changes, such as mergers or acquisitions:

Rebranding can help unify a new entity and communicate its identity to customers and stakeholders. For example, in 2023, Tabcorp Holdings’ demerger created The Lottery Corporation, which then rebranded to establish itself as a standalone company.

Strategic pivots:

Businesses often rebrand to reflect new goals or strategies. For example, Square rebranded to Block in 2021 to better reflect its current identity and future goals by encompassing a broader focus on financial services beyond payments.

Responding to market perceptions:

Negative or outdated perceptions can harm a brand, and rebranding can offer a fresh start. In 2020, AMP rebranded after facing reputational challenges, adopting a new look and customer-focused approach to rebuild trust.

Adapting to significant external changes

Sometimes, industry advancements necessitate rebranding. In 2023, Australia Post rebranded to reflect a shift towards digital communication and e-commerce, updating its image to stay aligned with market trends.

What is a Brand Refresh?

A brand refresh differs from a rebrand because it involves more subtle updates to existing brand elements without altering the core identity.
This approach is ideal for businesses that want to modernise their image while retaining customer recognition and loyalty. A refresh might include changes to a logo, colour palette or marketing materials, but it doesn’t usually redefine the brand’s purpose or positioning.

When a brand refresh is the right move?

A refresh works best when you want to enhance an established identity. Here are a couple of scenarios where a refresh may be suitable:

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Keeping up with visual trends:

Visual styles evolve quickly, and brands must adapt to avoid looking dated. Woolworths, for example, periodically refreshes its logo to stay contemporary while honouring its established identity.

Adjusting to shifts in consumer behaviour:

Consumer preferences change over time, and a refresh helps brands keep up. Telstra has repeatedly refreshed its brand to maintain relevance with its tech-savvy audience, updating its visual identity without altering its core offering.

Understanding the difference between rebranding and refreshing is crucial, as each approach has distinct impacts on a business.

Scope and scale of changes:

Rebranding involves a complete overhaul, touching every aspect from the name to core messaging. On the other hand, a brand refresh focuses on visuals and marketing collateral, leaving the core identity intact.

Impact on brand perception:

Rebranding can reshape market perception but may risk alienating loyal customers. Refreshing builds on what’s already there, maintaining continuity while enhancing relevance and appeal.

Cost and time investment:

Rebranding is typically more costly and time consuming, while a refresh is generally quicker and more budget-friendly—ideal for brands seeking incremental improvements.

Examples of Rebranding and Refreshing

Liquid Creativity’s work with Arli illustrates a successful brand refresh. Arli sought to update its branding to reflect its shift from being a volume home builder to a bespoke architectural builder. The refresh involved refining the identity, website, marketing, and advertising, which helped them attract a new target customer without disrupting brand continuity.

In contrast, Liquid Creativity’s rebranding of CNG Systems showcases the impact of a full rebrand. After a detailed market analysis, the rebrand introduced a new visual identity and refreshed messaging that showcased CNG’s focus on innovation and customer service. This transformation helped CNG differentiate itself and opened doors to new market segments, demonstrating the power of a well-executed rebrand.

Why Choosing the Right Approach Matters

Deciding between a rebrand and a brand refresh should carefully align with your business’s long-term goals and current market position. Here’s why choosing the right path can have a lasting impact on your brand’s success:

Aligning with long-term business goals:

A rebrand is beneficial for businesses entering new markets or undergoing structural changes, offering a chance to redefine market position and attract fresh audiences. A refresh, however, can help modernise your look and stay aligned with current trends without a major overhaul.

Understanding audience perception:

Maintaining continuity is essential when considering how your customers perceive your brand. A rebrand can risk confusion if customers feel the brand has changed too much. A refresh, by contrast, can subtly shift perceptions, retaining customer loyalty while updating the brand in familiar ways.

Weighing costs and timelines:

Rebranding demands significant investment in time and resources, while a refresh can usually be accomplished more quickly and affordably. This makes refreshing practical for businesses looking to evolve without extensive disruption.

Making the right decision between rebranding and refreshing can enhance your brand’s relevance, clarity, and connection with your audience. When in doubt, it’s best to consult with experts who can provide insights tailored to your business’s unique needs and objectives.

Is It Time to Rebrand or Refresh Your Brand?

Knowing when to rebrand or refresh can significantly affect your brand’s success. Here are some factors to consider:

  • Assessing brand alignment: If your brand’s messaging no longer aligns with your business objectives or customer expectations, it may be time for a rebrand.
  • Evaluating visual and market relevance: A refresh can be effective when your brand feels outdated but retains a loyal customer base.
  • Considering market competition: A rebrand could redefine your position if your brand no longer stands out or reflects what you do.

Assessing Your Brand’s Needs with Liquid Creativity

Choosing between a rebrand and a refresh is an important decision that must align with your business’s long-term goals. Liquid Creativity offers expert brand workshops to help you assess your brand’s current state and determine the right path forward.

Whether you need to revamp your image or undertake a full rebrand, our Melbourne-based team can craft a strategy that reflects your unique identity and resonates with your audience.

Get in touch to book a free discovery call. We’re here to help you navigate the process and ensure your brand remains authentic, relevant and impactful.


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]]> https://liquidcreativity.com.au/rebranding-vs-brand-refresh-key-difference-and-importance/feed/ 0 5 Essential branding strategies for small businesses https://liquidcreativity.com.au/branding-strategies-for-business-success/ https://liquidcreativity.com.au/branding-strategies-for-business-success/#respond Thu, 01 Aug 2024 05:16:03 +0000 https://liquidcreativity.com.au/?p=24647 Elevate your business with these 5 essential branding strategies. Build a strong brand identity, connect with your audience, and drive long-term success.

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BRANDING


5 Essential branding strategies for small businesses






Branding goes beyond just a logo or catchy tagline for a business — it’s about building a brand identity that attracts and fosters lasting brand associations.

Strategic and well-planned branding can propel your business ahead of competitors, cultivate a loyal customer base, and drive growth.

In this article, we’ll explore five essential branding strategies for businesses to establish and maintain a strong brand presence.

1. Define your brand identity

The first step is to develop effective brand strategies that directly resonate with your target audience.

Understand your vision

Your vision forms the foundation of your brand, defining your business purpose, goals and position in the market. This helps to clarify what your brand stands for to both you, your employees and your target audience.

Articulate your point of difference

Outline what sets your business apart from competitors. Clearly define the benefits of your products or services and explain how they meet the needs of your ideal customer.

Develop a brand voice and personality

A brand voice and personality defines how you communicate with your audience and how you want to be perceived. Consider the qualities you want to convey to your audience.

For example, if you want to project that your brand is caring, innovative and trustworthy,  these attributes should be evident in your messaging, communication, and visual direction. It should be consistent across all channels and serve as core principles in any marketing material.

2. Understand your ideal audience

This stage of branding is critical and many businesses make mistakes at this stage. They often assume they know their audience’s needs without conducting thorough research to understand their challenges and desires.

Additionally, they fail to clearly define their ideal audience. Consider the type of audience you want to attract — maybe it’s those who appreciate your brand’s value, are loyal and are enjoyable to work with. The better you understand them, the more effectively you can tailor your messaging to engage and resonate with them.

Conduct thorough market research:

Conduct thorough market research:

Research can take the form of surveys, interviews with ideal clients, focus groups, competitor audits, or questionnaires. This process involves collecting information about your ideal audience, including their needs, qualities, preferences, and behaviours. This data can help your business understand your customers’ needs and how to meet them effectively.

Create buyer personas

Creating detailed buyer personas helps businesses gain a deeper understanding of their target audience. These representations of your ideal customer are based on market research and real data about your existing customers.

They include demographic information, behaviour patterns, motivations, goals, and challenges. With this knowledge, you can tailor your marketing and advertising efforts to meet customers’ specific needs and preferences, which will lead to more business conversions.

Tailor your message to your audience

Understanding your audience allows you to craft targeted messaging that resonates with their specific needs and preferences. By addressing their unique pain points and highlighting the benefits they care about, you can explain how your products or services can help resolve their issues and make their lives easier. This approach enables you to engage your audience more deeply and achieve better results in your marketing efforts.

3. Create a consistent brand image

Creating a consistent brand image is crucial for building recognition and trust among your audience. This involves maintaining uniformity in your visual direction and voice across all marketing materials.

Consistency in your logo, colour scheme, typography and imagery creates a cohesive look that enhances brand recognition. Similarly, using a consistent tone and style in your communications reinforces your brand’s personality and values with your target audience. This uniform approach not only boosts memorability but also builds trust and credibility, as customers know what to expect from your brand.

Design a memorable logo

A brand needs a face, and your logo serves as that face. It should be simple, memorable, and reflective of your brand’s identity. A well-designed logo can leave a lasting impression on your audience, making your brand easily recognisable and reinforcing your brand’s image and values.

Choose your colour palette

Another critical factor in developing your brand identity is selecting a colour palette. Every colour can evoke specific emotions, so choose colours that represent the personality you want your brand to convey. Ensure the colours you select reflect how you want your brand to be perceived by your target audience.

Maintain consistent fonts and design elements

By using consistent fonts and design elements across all your marketing materials — whether on your website, social media, print materials or packaging — you create a cohesive and recognisable brand image. Your choice of fonts, whether bold, contemporary, serif, or delicate, helps define the personality of your brand.

Similarly, maintaining consistent design elements like logos, icons, and graphical styles enhances brand recognition. This uniformity not only enhances visual appeal but also builds trust and credibility with your audience. It ensures that every interaction with your brand feels cohesive, reinforcing your unique identity and fostering customer loyalty.

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4. Develop a strong online presence

In today’s digital age, having a solid online presence is essential for any business.

Develop a professional website

Your website serves as the initial interaction between you and potential customers. Design, communicate, and develop the site based on the customer research, brand identity messaging, and brand personality established in the previous steps stages.

Ensure the information is targeted, emotive, and encourages engagement, utilising special offers or incentives to prompt enquiries and regular form submissions.

Use social media platforms

Take full advantage of social media platforms, which are essential for connecting with users seeking products or services and interacting with brands. Use these platforms to boost brand and business awareness among your target audience, articulate your values, and engage deeply with your target audience.

It’s not just about selling, but also forging genuine connections, educating and delighting customers with fresh insights, information, or new products. Regular interaction with customers on social media cultivates strong brand relationships and fuels business growth.

Implement SEO best practices

You may have heard of SEO, which stands for Search Engine Optimisation. It involves optimising your website to enhance its search engine friendliness on platforms like Google and Bing. This strategy boosts your website’s online visibility, making it easier for users searching for products or services like yours to find you.

5. Foster customer relationships and loyalty

The cornerstone of every business is earning customer trust. The key question is: how can we achieve that?

Provide exceptional customer service

Post-sales service is a common concern for every customer. Ensure easy access to your customer service team who should be well-trained to uphold your brand values and effectively handle customer queries.

Engage with customers regularly

Regularly engaging with customers is crucial for building loyalty and trust. Use channels like email newsletters, social media, SMS, or WhatsApp marketing to share updates about your business, offers, and valuable information, fostering stronger connections with your audience.

Develop a loyalty program

Introducing a loyalty program is another effective way to engage customers. This program can feature discounts, exclusive offers, special events or other perks that provide tangible benefits to customers and encourages repeat business activity.

Conclusion

Branding is an ongoing journey that demands dedication, perseverance, and consistency. When you establish your brand identity, you can better understand your target audience, maintain a consistent brand image, cultivate a strong online presence and nurture customer relationships. These strategies can help you develop a strong, resilient brand that stands the test of time.

The enduring rewards of effective branding includes increased customer loyalty, enhanced business visibility and ultimately, increased sales.

At Liquid Creativity, we specialise in implementing these branding strategies, empowering you to craft a brand that deeply connects with your audience and drives business growth. Let’s collaborate and explore how branding can be a transformative opportunity for your business today.

Read more: How To Create A Memorable Brand Logo: Tips And Tricks

FAQs

What is the most important aspect of branding for a business?

Defining a clear and unique brand identity is paramount for a business. This involves articulating your mission, vision, and unique value proposition, which serve as the cornerstone for all your branding efforts.

How can a business differentiate its brand in a crowded market?

A business can differentiate its brand by identifying and highlighting its unique qualities. This might involve a distinctive value proposition, outstanding customer service, or a unique brand voice and personality.

What tools can help a business with branding efforts?

Several tools can assist businesses with branding efforts, including graphic design software (like Adobe Illustrator or Canva), social media management tools (such as Hootsuite or Buffer), and SEO tools (like Google Analytics or SEMrush).

Once we create a brand that works for your business and ideal clients, we can create templates and style guides to help you produce the right marketing materials that is consistent with your brand strategy and positioning.

We also work with clients on an ongoing basis to create marketing materials and branded collateral if your business does not have an internal marketing team. 

How long does it typically take to see results from branding strategies?

The timeline for seeing results from branding strategies can vary, but generally, it takes several months to a year to start noticing significant changes and results. Consistency and persistence are keys to successful branding as well as being responsive to market feedback.

Can rebranding be beneficial for businesses and if so, when?

Rebranding can be beneficial for businesses when there is a need to refresh the brand’s image, reach a new target audience, or differentiate from competitors. It is also best done when when your branding no longer represents what you do and who you are as a business. It’s important to approach rebranding thoughtfully to ensure it aligns with your current business goals, values and future aspirations.


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]]> https://liquidcreativity.com.au/branding-strategies-for-business-success/feed/ 0 How to create a memorable brand logo: tips and tricks https://liquidcreativity.com.au/how-to-create-a-memorable-brand-logo/ https://liquidcreativity.com.au/how-to-create-a-memorable-brand-logo/#respond Wed, 04 Oct 2023 01:26:59 +0000 https://liquidcreativity.com.au/?p=24316 Learn how to create a logo that connects with your target audience and represents your business with our lessons and examples.

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How To Create A Memorable Brand Logo

BRANDING


How to create a memorable brand logo: Tips and tricks






Your brand logo is one of the most important elements of your brand identity. It’s the visual snapshot and representation of your brand’s personality, values and message.

It’s often the first thing potential customers see when they encounter your brand, and it’s often the thing they remember about you.

Creating a memorable brand logo isn’t a simple process. It takes creativity, strategy and research. You want your logo to stand out from the competition, resonate with your target audience and reflect your brand’s essence. Randomly choosing a symbol, your favourite colours and plonking it alongside your brand name isn’t going to achieve that.

In this article, we’ll share some tips and tricks on creating a memorable brand logo that will help you grow your business and build customer loyalty. We’ll cover the following topics:

  • Designing a brand logo that stands out
  • What makes a great logo
  • The psychology of logo design
  • Creating a memorable logo
  • Tips and tricks for a memorable logo
  • Finalising your brand logo

Designing a brand logo that stands out

Before you start designing your brand logo, you need to understand the purpose of your logo and how it fits into your overall brand strategy. A logo is not just there to look nice. It’s a powerful communication tool that needs to convey a lot of information about your brand at a glance.

To design a brand logo that stands out, you need to consider the following factors:

  1. The competition: Research your competitors and see what kind of logos they have. What are their strengths and weaknesses? What are their unique selling points? How can you differentiate yourself from them?
  2. Your target audience: Work out your ideal customers and what they want from your brand. What are their needs, preferences, and expectations? How can you appeal to their emotions and values?
  3. Your brand personality: Establish the style of your brand. How do you want your customers to perceive you? What are the core attributes and characteristics of your brand? How can you express them visually?

Memorable logo design: What makes a great brand logo?

A great logo is memorable, effective and suitable for your brand. It should capture your customers’ attention and make a lasting impression on them. It should also communicate your brand’s message clearly and consistently across different platforms and contexts.

To achieve these goals, a great logo should have the following characteristics:

  1. Simplicity: A simple logo is easy to recognise, remember and reproduce. It can also look more professional and elegant than a complex one. To achieve a simple logo, use minimal elements, colours and fonts that work well together.
  2. Relevance: A relevant logo relates to your brand’s name, industry, products or services. It should also reflect your brand’s personality and values. Use meaningful symbols, shapes or words that convey your brand’s essence.
  3. Originality: An original logo is unique and distinctive compared with other logos in your market. It is creative and innovative, which shows that your brand is different and ahead of the curve. Use unexpected or clever elements in your logo that surprise or delight your customers.
  4. Versatility: A versatile logo works well in different sizes, colours, backgrounds and mediums. It adapts to different situations and audiences. A versatile logo should have a clear, consistent design that can be easily modified or scaled without losing its quality or identity.

Some examples of successful logos that have these characteristics are:

Apple: The Apple logo is one of the most iconic logos. The bitten apple symbolises innovation, creativity and knowledge. It also creates a visual pun on the word “byte”, which relates to computers and technology.

Nike: The Nike logo is another example of a simple, relevant, original, versatile logo. The swoosh represents movement, speed and energy. It also suggests a wing, which relates to the Greek goddess of victory, Nike.

Coca-Cola: The Coca-Cola logo is one of the most recognisable logos in the world. The script font conveys elegance, tradition and authenticity. It also creates a distinctive shape that resembles a wave or a smile.

The psychology of logo design

The psychology of logo design studies how people perceive logos and how they affect their emotions and behaviour. It looks at how colours, shapes, fonts and other design elements can influence customers’ attitudes and decisions.





What should I consider when choosing colours for my brand logo?

One of the most important aspects of logo design psychology is colour theory. Colours have different meanings and associations in different cultures and contexts. They can also evoke different moods and feelings in people. For example:

  • Red: a powerful colour that can signify passion, excitement, danger or aggression. It can also stimulate appetite and attention.
  • Blue: a calming colour that can signify trust, reliability, professionalism or tranquility. It can also reduce stress and promote loyalty.
  • Yellow: a cheerful colour that can signify happiness, optimism, energy, or creativity. It can also stimulate curiosity and enthusiasm.
  • Green: a natural colour that can signify growth, health, freshness or sustainability. It can also encourage relaxation and harmony.

What role does typography play in a brand logo?

Another important aspect of logo design psychology is typography. Typography is all about making written language look good and easy to read. It’s an art form that involves arranging different styles of type for visual effect. Typography can convey meaning and emotion through fonts, sizes, styles and spacing. For example:

  • Serif fonts: fonts with small strokes or lines attached to the end of the main strokes of the letters. They are often used for traditional, formal, or elegant brands. Examples of serif fonts are:
    • Times New Roman
    • Georgia
    • Garamond
  • Sans serif fonts: fonts that do not have serifs. They are often used for modern, clean, or minimalist brands. Examples of sans serif fonts are:
    • Arial
    • Helvetica
    • Verdana
  • Script fonts: fonts that mimic handwriting or calligraphy. They are often used for creative, artistic or whimsical brands. Examples of script fonts are:
    • Brush Script
    • Lucida Handwriting
    • Pacifico




How to create a memorable logo

Once you clearly understand your brand’s purpose, audience, personality and message, you can start creating your logo.

Here are some steps to follow:

  1. Sketching and brainstorming: You can use paper and pencil, digital tools or online logo makers to generate various concepts. You can also use inspiration from other logos, images, words or symbols related to your brand.
  2. Choosing the right design elements: Decide on the type of logo you want (e.g., wordmark, letter mark, pictorial mark, abstract mark, mascot), the colours you want to use (e.g., monochrome, complementary, analogous), the typography you want to use (e.g., serif, sans serif, script), and the shape you want to use (e.g., circle, square, triangle).
  3. Iterating and refining the design: Keep working on your design until you’re happy with the result. You need to test your logo in different sizes, colours, backgrounds, and mediums to see how it looks and works and get feedback from your target customers to see how they perceive and respond to it.

Finalising your brand logo

Once you have created a logo that resonates with your audience and reflects your business, you need to finalise it and make it ready for use. Here are some steps to follow:

  1. Get stakeholder feedback: Check with your partners, employees and investors to see if they approve of your logo and if it aligns with your brand’s vision and goals.
  2. Make necessary adjustments: Update your logo based on the feedback you received. You may need to tweak some colours, fonts, shapes or other elements to improve your logo’s appearance or performance.
  3. Create a brand style guide: Document the rules and guidelines for using your logo. A brand style guide should include information such as the logo’s variations, sizes, colours, fonts, spacing, alignment and dos and don’ts.

Common mistakes in logo design

Some common mistakes to avoid when designing a brand logo are:

  1. Using clipart or stock images: Clipart or stock images are generic and unoriginal. They can make your logo look cheap and amateurish. They can also cause legal issues if you don’t have the proper license or permission to use them. You should create your own logo from scratch or use a professional.
  2. Using too many colours or fonts: Too many colours or fonts can make your logo look cluttered and chaotic. They can also reduce the legibility and readability of your logo. You should limit your logo to two or three colours and fonts that complement each other and match your brand personality.
  3. Following trends too closely: Trends can be tempting, but they can become outdated or clichéd over time. They can also make your logo look like other logos in your market and not stand out. You should avoid copying or imitating other popular logos and try to create a timeless and unique logo that reflects your brand’s essence.
  4. Ignoring the context: The context is the environment where your logo will be seen and used. It includes the size, background, medium and audience of your logo. You should consider how your logo looks and works in different contexts and make sure it is versatile and adaptable.
  5. Not testing your logo: Testing your logo is an important step in the design process. It helps you to evaluate how your potential customers perceive, react, and respond to your logo. It also allows you to identify any issues or problems with your logo before you launch it. You should test your logo with different methods, such as surveys, polls, focus groups or online tools.

Logo design: How to get it right

Logo design is a specialised skill, and while there are tools to help novices do it themselves, we recommend seeking expert support.

Your logo can make a huge difference to your business success, and it’s tricky to create one that captures your brand essence, communicates your brand’s message, is simple, relevant, original and versatile, and makes a lasting impression.

At Liquid Creativity, we believe logo creation sits within a strategic brand design process. Contact us today if you’re ready to elevate your business with a memorable logo. We’d love to hear from you and help you with your brand strategy and logo design needs.



FAQs


A brand naming mistake is an error or flaw that affects the quality, effectiveness or suitability of your brand name. It can hurt your brand’s image, reputation or recognition. It can also make it harder for your customers to find, remember or trust your brand.

Using a generic name hurts your brand because it makes your brand boring and forgettable. It doesn’t tell your customers anything unique or distinctive about your brand. It also makes it harder for your brand to stand out from competitors and rank well on search engines.

Some common mistakes when using geographic locations in a brand name are:

  • Using a location that is too broad or vague (e.g., “Global Solutions”, “Worldwide Travel”)
  • Using a location that is too narrow or specific (e.g., “Swan Street Plumbing”, “Rose Bay Accounting”)
  • Using a location that is irrelevant or misleading (e.g., “New York Pizza”, “Paris Fashion”)

These mistakes can limit your brand’s scope, potential, or growth. They can also confuse or alienate your customers who are not from or familiar with the location.

Some key factors to consider when creating a brand name are:

  • Your brand strategy defines your goals, values, personality, and positioning. Your brand name should reflect and support your brand strategy.
  • Your target audience is the group of people who are most likely to buy or use your products or services. Your brand name should resonate and connect with your target audience.
  • Your competitors are the other businesses that offer similar products or services as yours. Your brand name should differentiate and distinguish your brand from your competitors.
  • Your industry is the category or sector that your business belongs to. Your brand name should be relevant and suitable for your industry.
  • Your culture is the set of beliefs, values, norms, and customs that influence your business. Your brand name should be respectful and appropriate for your culture.
  • Your SEO improves the visibility and ranking of your website on search engines. Your brand name should be optimised and keyword-rich for search engines.

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The post How to create a memorable brand logo: tips and tricks appeared first on Liquid Creativity.

]]> https://liquidcreativity.com.au/how-to-create-a-memorable-brand-logo/feed/ 0 Top 10 business brand naming mistakes you should avoid https://liquidcreativity.com.au/avoid-these-brand-naming-mistakes/ https://liquidcreativity.com.au/avoid-these-brand-naming-mistakes/#respond Tue, 26 Sep 2023 15:45:28 +0000 https://liquidcreativity.com.au/?p=24291 Not only do you need to create a brand identity that makes you stand out, but you also need to communicate to your customers the value that your brand represents.

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how to avoid the top 10 brand naming mistakes

BRANDING


Top 10 business brand naming mistakes you should avoid






Your brand name is one of the most important assets of your business. It’s the first thing that potential customers see and hear. It’s crucial to get it right.

Your brand name is the foundation of your identity, reputation, and recognition. It’s also the basis of your legal protection and differentiation.

But finding your perfect brand name isn’t easy. There are many factors to consider, such as your brand values, company culture, target audience, competitors, industry and SEO. And there are many pitfalls to avoid, such as generic, complicated, overly trendy and hard-to-pronounce names.

In this ultimate guide to naming your brand, we share the top 10 brand naming mistakes that could kill your business and how to avoid them. We’ll also give you some examples of good and bad brand names and tips on creating a memorable and effective brand name for your business.

The top 10 common brand naming mistakes to avoid

  1. Choosing a generic name
  2. Making it too complicated
  3. Being too trendy
  4. Ignoring cultural connotations
  5. Forgetting to do your research
  6. Not considering SEO
  7. Failing to trademark your name
  8. Being too narrow
  9. Not testing your name
  10. Choosing a name that is hard to pronounce


Choosing a generic brand name


Mistake 1: Choosing a generic name

What is a generic brand name?

A generic name is a name that describes what your business does or offers in a very general way. For example, “Online Bookstore” or “Car Rental Service”. They may seem clear and straightforward, but they’re also boring and forgettable. They don’t tell your customers anything unique or distinctive about your brand. They also make it harder for you to stand out from your competitors and to rank well on search engines.

How to avoid choosing a generic brand name.

Aim for a name that conveys your brand personality, values, benefits or story. Avoid using common words already used by many other businesses in your industry or category. Instead, look for more specific, original and creative words.

Examples of unique brand names.

Instead of “Online Bookstore”, Booktopia combined the words “book” and “utopia” to suggest a paradise for book lovers. Instead of “Car Rental Service”, Zoomcar implies speed, convenience and fun.

Mistake 2: Making it too complicated

What is a complicated brand name?

A complicated brand name is hard to spell, pronounce, remember or understand like “Xobni” or “Zynga”. They may seem clever or quirky, but they can be confusing and frustrating for your customers. They make it difficult for your customers to find you online, refer you to others or trust you as a credible and professional business.

How to avoid choosing a complicated brand name.

To avoid making your name too complicated, choose a name that is simple, clear and easy to say and write. Avoid using numbers, symbols, hyphens or unnecessary letters in your name. Instead, look for short, familiar, or easy-to-pronounce words.

Examples of uncomplicated brand names.

Instead of “Xobni” (which is “inbox” spelt backwards and was a software company that helped users manage their email contacts), Inboxer is more intuitive and descriptive. “Zynga” is the name of the founder of a social gaming company’s dog, but Playa is more simple, playful and appealing.

Mistake 3: Being too trendy

What is a trendy brand name?

A trendy name is a name that follows a current fad or fashion in naming, like using suffixes like “-ify”, “-ly”, or “-ster” (e.g., Spotify, Bitly, Hipster) or using misspellings or abbreviations (e.g., Flickr, Tumblr, Grindr). While these names may seem cool or catchy for now, they may become outdated or clichéd over time. They could lose their originality and differentiation as more and more businesses adopt similar naming styles.

How to avoid choosing a trendy brand name.

To avoid being too trendy with your name, you should aim for a timeless and classic name. Avoid copying or imitating other popular brand names in your industry or category. Instead, look for words that are meaningful, distinctive and enduring.

Examples of brand names that defy trends.

For example, instead of using “-ify” as a suffix for your music streaming service (e.g., Musicify), you could use a word that relates to music history or culture (e.g., Rhapsody). Instead of using a misspelling or abbreviation for your photo-sharing app (e.g., Picr), you could use a word that evokes emotion or creativity (e.g., Snapjoy).



Brand Naming Mistakes


Mistake 4: Ignoring cultural connotations

What are cultural connotations in brand naming?

A cultural connotation is a meaning or association that a word or phrase has in a specific culture or language. For example, “Nike” is the name of the Greek goddess of victory and “Amazon” is the name of the largest river in the world. These names have positive and powerful connotations that enhance their brand image and appeal. However, not all cultural connotations are positive or appropriate. Some names may have negative, offensive or embarrassing meanings or associations in different cultures or languages. For example, “Nova” is a car brand that means “not going” in Spanish.

How to avoid choosing a culturally inappropriate brand name.

To avoid ignoring cultural connotations with your name, choose a respectful and suitable name for your target markets and audiences. Avoid using words or phrases with unintended or undesirable meanings or associations in different cultures or languages and look for words or phrases that are positive and relevant for your brand.

Examples of culturally appropriate brand names.

Instead of using “Nova” as a car brand in Spain, you could use “Luna”, which means “moon” and suggests elegance and innovation. Extensive research and a diverse creative team can help you get this right.

Mistake 5: Forgetting to do your research

Why is research important in brand naming?

Research is an essential part of the brand naming process. It helps you understand your brand positioning, ideal customers, competition and market. It also allows you to generate and evaluate your potential brand names. Without research, you may choose an irrelevant or inappropriate name for your business.

How to use research when choosing your brand name.

Choose your name based on data and insights rather than personal preference, opinion or assumptions. Look for sources and methods that can help you validate and refine your brand name so that you have checked it’s right for your business.

Examples of research tools for brand naming.

You can use online tools such as Namechk to check the availability of domain names and social media handles for your potential brand names. You can use online tools such as Google Trends to check the popularity and demand of keywords related to your possible brand names, or SurveyMonkey to conduct surveys and polls to get feedback from your target audience on your potential brand names.

Mistake 6: Not considering SEO

What is SEO, and why is it important in brand naming?

SEO stands for search engine optimisation, which is the process of improving the visibility and ranking of your website on search engines such as Google. SEO is important for your brand name because it affects how easily and quickly your customers can find you online. A good brand name can help you boost sales by attracting more visitors to your website.

How to incorporate SEO into brand naming.

Aim for a name that is optimised for search engines. You’ll need to do keyword research to establish what the popular search terms are for your industry. Avoid using phrases that are too common, similar, or obscure for search engines. Instead, look for names that are unique, relevant and keyword rich.

Examples of search engine optimised brand names.

Rather than using “The Flower Shop” as a florist business name, which is a little generic for search engines, you could use “Bloom & Blossom Flowers”, which is unique and descriptive. Once you have established a strong brand, keyword-rich branding becomes less relevant.

Mistake 7: Failing to trademark your name

What is a trademark?

A trademark is a legal protection that grants you the exclusive right to use a name, logo, slogan or design for your business. A trademark helps prevent others from using your name or a similar name for their business. It also allows you to build your brand recognition and reputation.

What happens if you don’t trademark your brand name?

Failing to trademark your name can expose your brand to the risk of infringement, confusion or dilution. Infringement occurs when someone else uses your name or a similar name for their business without your permission. Confusion occurs when customers mistake another business for yours because of their similar name. Dilution occurs when your name loses its distinctiveness or value because other businesses use it.

How to get it right.

Choose a name that is eligible and available for trademark registration. Avoid using names that are already registered or pending registration by other businesses. Instead, look for unique, distinctive names suitable for your business. To register and trademark your name in Australia, check out the Australian Government’s website.

Mistake 8: Being too narrow

What is a narrow brand name?

A narrow name is a name that limits your brand’s scope, potential or growth. Even though they have been highly successful, “Toys R Us” and “The Body Shop” are examples of narrow brand names. They restrict the brand’s ability to offer new products or services, enter new markets or segments, or adapt to changing customer needs and preferences.

How to avoid choosing a narrow brand name.

Aim for a flexible and scalable name. Avoid using words that are too literal, specific or restrictive for your brand. Instead, look for more abstract or suggestive words for your brand.

Examples of broader brand names.

“Toys R Us” could be called “Play”, which is more flexible and inclusive for different toys and customers. “The Body Shop” is quite literal and restrictive compared with “Lush”, which is more abstract and suggestive for different products and experiences.

Mistake 9: Not testing your name

Why you must test your brand name.

Testing your name is an important step in the brand naming process. It helps you to evaluate how your potential customers perceive and respond to your brand name. It also allows you to identify any issues or problems with your brand name before you launch it. You must test your name to avoid choosing a name disliked, misunderstood or ignored by your customers.

How to test your brand name.

To refine your brand name, use testing with your target audience (not your family!). When choosing your brand name, you should avoid relying solely on your opinion or judgment. Instead, look for ways and methods that can help you test your brand name with real customers, like surveys, polls or social media.

Examples of testing tools for brand names.

You can use online tools such as PickFu to run quick and easy polls to get feedback from your target audience on your potential brand names, or you can ask on social media. Getting help from a brand naming agency is also a good idea if your budget allows.

Mistake 10: Choosing A name that is hard to pronounce

Why you should avoid hard-to-pronounce brand names.

Hard-to-pronounce names are difficult for your customers to say or hear. “Miele” and “Huawei” are successful examples, but they can be challenging and frustrating for customers. They make it hard for your customers to communicate with you or others about your brand or remember or recall it.

How to avoid a hard-to-pronounce brand name.

To avoid choosing a name that is hard to pronounce, you should aim for a name that is easy and pleasant to say and hear. You should also avoid using words with unusual spellings, sounds or syllables for your brand. Instead, look for words that have familiar spellings, sounds and syllables for your brand.

Examples of easy-to-pronounce brand names.

For example, instead of using “Miele” as an appliance manufacturer name, which is pronounced as “MEE-luh” in German but often mispronounced as “MY-lee” or “MILL-ee” in English, you could use “Mila”, which is simpler and more consistent in pronunciation across languages. Instead of using “Huawei” as a smartphone maker name, which is pronounced as “HWA-way” in Chinese but often mispronounced as “HOO-a-way” or “HOO-way” in English, you could use “Hua”, which is shorter and more straightforward in pronunciation across languages.

Brand Naming: How to get it right

Choosing a great brand name is not easy, but it’s not impossible either. By avoiding these ten brand naming mistakes, you can create a brand name that is memorable, effective and suitable for your business. A brand name that reflects your brand strategy, resonates with your target audience and stands out from your competitors.

But you don’t have to do it alone. At Liquid Creativity, we’re experts in branding and naming. We can help you to create a brand name that is strategy-led, customer-focused and market-ready. We can help you avoid the common pitfalls and challenges of brand naming and guide you through the process with ease and confidence.

If you’re ready to take your brand to the next level with a great brand name, contact us today. We’d love to hear from you and help you with your brand naming needs.



FAQs


A brand naming mistake is an error or flaw that affects the quality, effectiveness or suitability of your brand name. It can hurt your brand’s image, reputation or recognition. It can also make it harder for your customers to find, remember or trust your brand.

Using a generic name hurts your brand because it makes your brand boring and forgettable. It doesn’t tell your customers anything unique or distinctive about your brand. It also makes it harder for your brand to stand out from competitors and rank well on search engines.

Some common mistakes when using geographic locations in a brand name are:

  • Using a location that is too broad or vague (e.g., “Global Solutions”, “Worldwide Travel”)
  • Using a location that is too narrow or specific (e.g., “Swan Street Plumbing”, “Rose Bay Accounting”)
  • Using a location that is irrelevant or misleading (e.g., “New York Pizza”, “Paris Fashion”)

These mistakes can limit your brand’s scope, potential, or growth. They can also confuse or alienate your customers who are not from or familiar with the location.

Some key factors to consider when creating a brand name are:

  • Your brand strategy defines your goals, values, personality, and positioning. Your brand name should reflect and support your brand strategy.
  • Your target audience is the group of people who are most likely to buy or use your products or services. Your brand name should resonate and connect with your target audience.
  • Your competitors are the other businesses that offer similar products or services as yours. Your brand name should differentiate and distinguish your brand from your competitors.
  • Your industry is the category or sector that your business belongs to. Your brand name should be relevant and suitable for your industry.
  • Your culture is the set of beliefs, values, norms, and customs that influence your business. Your brand name should be respectful and appropriate for your culture.
  • Your SEO improves the visibility and ranking of your website on search engines. Your brand name should be optimised and keyword-rich for search engines.

Categories





Related Posts



The post Top 10 business brand naming mistakes you should avoid appeared first on Liquid Creativity.

]]> https://liquidcreativity.com.au/avoid-these-brand-naming-mistakes/feed/ 0 How to create a successful brand identity: A step-by-step guide https://liquidcreativity.com.au/create-successful-brand-identity/ https://liquidcreativity.com.au/create-successful-brand-identity/#respond Tue, 18 Jul 2023 02:45:15 +0000 https://liquidcreativity.com.au/?p=23995 Master the art of building a winning brand identity with our step-by-step guide. Uncover the secrets to success and create a strong brand that stands out.

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create a successful brand identity

BRANDING


How to create a successful brand identity: A step-by-step guide






To build your brand identity, you need to define your purpose, target audience, brand personality, brand positioning, brand name, tagline, visual identity and messaging, then implement it consistently across all touchpoints and monitor its effectiveness over time.

It’s a complex task, but building a strong brand identity is essential for any company that wants to stand out in today’s cluttered and competitive marketplace. Let’s step you through our process for creating a successful brand identity to help your business thrive.

What is brand identity?

A brand’s identity is more than just a logo or a tagline; it is a complete visual and verbal representation of your brand’s personality, values, and purpose.

Your brand identity is what makes you stand out. Our brand identity process helps you systematically consider all the important factors that work together to make up your brand identity.

Following this approach will help you strategically craft a differentiated brand identity, position your brand as a unique and compelling choice in the marketplace, attract customers, build loyalty, and drive sales while leaving a lasting impression that sets you apart from your competition.

Brand identity process

Here are the ten steps you can take to build and manage your brand identity:

  1. Determine your brand’s purpose.
  2. Define your target audience.
  3. Research your competitors.
  4. Create a personality for your brand.
  5. Write a brand positioning statement.
  6. Choose a name and tagline.
  7. Establish your visual identity.
  8. Create brand messaging.
  9. Put your brand identity into action.
  10. Monitor and refine your brand identity.

start building your brand identity

1. Determine your brand’s purpose

Brand purpose is the impact you want to make in the world.

Defining your brand’s purpose is the first step in developing a strong brand identity. Understanding and documenting your ‘why’ is critical because it serves as a guiding force for your decisions, actions, and overall strategy.

Your purpose is your reason for existence and should represent the deeper meaning and values that drive your business. It should embody the authentic and inspiring reason behind why you do what you do. This foundation will serve as a guidepost for all future branding efforts, ensuring that your messaging, visual identity, and marketing materials are consistent with your purpose.

You’ll need to undertake some deep introspection to define your brand purpose. Start by contemplating your brand’s unique story, the problem you solve, and the value you bring to customers’ lives. Reflect on your brand’s vision and the positive change you want to create.

For instance, a sustainable fashion brand’s purpose might be to promote ethical practices in the fashion industry, empower small-scale producers, and reduce environmental impact. By integrating fair-trade sourcing, transparent supply chains, and eco-friendly materials, they live their purpose and inspire customers who value conscious fashion choices.

2. Define your target audience

Your target audience is a specific group of people you aim to reach and serve.

Identifying your target audience is essential in developing a solid brand identity. You can tailor your branding strategy to better resonate with them if you understand their needs, preferences, and behaviours. Start by conducting market research to analyse demographics, psychographics, and consumer behaviors.

Dig deep into their needs, aspirations, pain points, and preferences. You can create detailed buyer personas that represent your ideal customers by gathering insights through surveys, interviews, and data analysis. These personas provide a clear picture of who you’re targeting, enabling you to tailor your messaging, products, and experiences to resonate with them on a deeper level.

For example, if you are a fitness apparel brand targeting health-conscious millennials, your target audience might be active individuals aged 25-35 who prioritise wellness, value sustainability, and seek unique, functional workout gear.

By understanding your audience, you can create marketing campaigns that emphasise eco-friendly materials. By honing in on your target audience’s desires and aspirations, you can effectively connect with them, build brand loyalty, and drive sales.

3. Research your competitors

Researching your competitors when creating your brand identity is a crucial step that can provide valuable insights and a competitive edge in the market. By understanding what your competitors offer and how they position themselves, you can identify opportunities to differentiate your brand and create a unique value proposition that resonates with your target audience.

To begin your competitor research, identify key industry players who target a similar audience. Explore their websites, social media profiles, and marketing materials to understand their brand messaging, services offered, and overall positioning. Take note of their strengths, weaknesses, and areas where you can outperform them.

Next, analyse their client testimonials and online reviews to uncover what customers appreciate about their services and where there may be room for improvement. Pay attention to common pain points or gaps in their offerings that you can address with your brand.

For instance, let’s say you’re a financial advisor targeting young professionals. Your research uncovers that your competitors focus on offering investment advice but customers are just as interested in learning how to make sound financial decisions.

You can fill that gap in the market by differentiating yourself and positioning your brand as an advisor who not only provides investment guidance but also offers comprehensive financial education resources like webinars, workshops, and online tools to empower customers to make informed financial decisions.

4. Create a personality for your brand

Brand personality is the human-like traits and characteristics that your brand embodies.

Creating a memorable and impactful brand identity requires the development of a strong brand personality. It distinguishes you from the competition and makes your brand more relatable to your target audience.

To create your brand personality, identify the key personality traits consistent with your brand’s purpose. Consider the emotions you want your brand to elicit and the personality traits that will assist you in achieving that. For example, if your brand is about innovation and pushing boundaries, you could embody a daring, bold and unapologetic personality.

The tone of voice you use will bring your brand personality to life. Spend time creating a description of your tone of voice including examples so that everyone who writes on behalf of the company knows how to bring the brand personality to life in communication piece they create for the brand.

For example, our daring, bold and unapologetic brand may announce an upcoming sale on social media like this: ‘Get ready for the most epic sale event of the year! Brace yourself for jaw-dropping discounts and unbeatable deals. It’s time to live boldly, shop fearlessly, and unleash your inner trailblazer.’

Consider your brand as a person with distinct personality traits, likes, dislikes, and quirks. You can give your brand persona a name and backstory to make it more relatable and engaging. Your brand persona should guide your communication strategy, ensuring your messaging and tone are consistent across all channels.

5. Write a brand positioning statement

A brand positioning statement succinctly defines how a brand differentiates itself from competitors.

To create a brand positioning statement:

  1. Identify what makes you different.
  2. Consider the benefits and value your brand offers and how it fulfills the specific needs of your audience.
  3. Distill these elements into a clear and concise statement that encapsulates your brand’s unique position in the market.

Here is a template and a completed example you can use as inspiration for creating your brand positioning statement:

  • Template: For [insert your target market] looking for [product, service or problem you solve], our [product/service] is a [name the category] that does [the key problem-solving capability]. Unlike [primary alternative], we [key differentiator].
  • Completed example: For discerning home renovators seeking innovative design solutions, our architectural firm offers a visionary approach to transforming spaces. Our designs are a fusion of art and functionality, redefining the category of residential architecture. Unlike other architects, we seamlessly integrate sustainability principles into our designs, creating eco-friendly and energy-efficient homes that inspire and endure.

launch your brand identity

6. Choose a name and tagline

Your brand name and tagline are vital in shaping your brand identity and leaving a lasting impression on your target audience. Your brand name must be memorable and evoke your brand’s essence. It should reflect your brand’s purpose, personality, positioning and appeal to your target audience. Similarly, if you choose to have a tagline, it should be a concise, catchy statement that quickly communicates your brand’s value.

Consider your brand’s core values, target audience, and competitive landscape to create a compelling brand name and tagline. Brainstorm words, concepts, and associations that align with your brand’s identity and positioning. Remember to aim for clarity, simplicity, and relevance to your industry.

Think about using variations on your name, use something descriptive or invent a new word. Test different options with your target audience to gauge their response and refine your choices.

A great brand name and tagline example is IMAX, which used a combination of the words ‘image’ and ‘maximum’ for their brand. Their tagline ‘Think Big’ reinforces their brand identity, encouraging audiences to aspire to grander experiences and embrace the immersive and awe-inspiring world of big screen theatres.

7. Establish your visual identity

Your visual identity consists of your logo, colour palette, typography, and other graphic elements that represent and differentiate your brand.

Your logo and visual identity play a massive role in creating a strong and memorable brand identity. They are the visual elements that convey the essence and brand personality to your target audience. A well-designed logo and consistent visual identity can make a lasting impression and lead to better business performance.

The first step in developing your visual identity is creating a logo and selecting your colour palette. Your logo is the focal point of your visual identity and should be easily identifiable and memorable. The colours you choose for your brand can significantly impact how your audience perceives it. Colours can convey emotions and create a certain mood, so choosing colours that align with your brand’s personality and values is essential.

Your visual identity should include typography and other graphic elements such as patterns, icons and imagery in addition to your logo and colour palette. The typography you choose should be easy to read and reflect the personality and tone of your brand. It is also critical to select versatile typography that can be used in various mediums, such as print and digital.

There are a vast array of options for logo and colour palette design. You can try a DIY approach using intuitive (and sometimes free) online tools, but these have limitations in creativity, originality and their ability to represent your personality visually.

You could work with a graphic designer or engage a professional brand design agency with the expertise to help you clarify your brand’s purpose, positioning, values and personality and then bring it to life.

An excellent example of a brand that understands the importance of a strong logo and visual identity is Nike. The iconic Nike ‘swoosh’ logo represents movement and athleticism. It is instantly recognisable and serves as a symbol of their commitment to empowerment.

Nike’s visual identity extends beyond the logo, incorporating consistent use of bold typography, dynamic imagery, and a distinct color palette, creating a cohesive and powerful brand presence across all channels.

8. Create brand messaging

Brand messaging is a set of words and phrases that communicate your unique value proposition and personality.

Developing your brand messaging is a critical part of creating your brand identity. Your communication needs to be consistent, clear, and genuine. It should convey your brand’s distinct personality and values while connecting with your target audience, and to do this, you need to have decided ahead of time what phrases and words best achieve these goals.

An excellent way to do this is to create a messaging hierarchy, which is the order that you want to convey your brand’s messaging. For example, a key messaging hierarchy for a sustainable fashion brand could include the following levels:

  • Primary message: Fashion that cares for the planet.
    • Supporting message 1: Sustainably sourced materials and ethical production practices.
    • Supporting message 2: Stylish designs that don’t compromise on quality.
    • Supporting message 3: Join the sustainable fashion movement.
  • Call-to-action: Shop our eco-friendly collection and make a positive impact.

9. Put your brand identity into action

Once you have developed your brand identity, you can implement it across your website, social media platforms, advertising, and other physical and marketing materials. Building a strong brand identity and ensuring your messaging is memorable and resonates with your target audience require consistency.

This is where your brand style guide is useful. A brand style guide is a document that specifies how your brand should be represented across all channels. It explains how to correctly use your logo, colour palette, typography, and other visual elements. It also includes information about your brand’s messaging hierarchy, tone of voice, and specific words or phrases to use or avoid.

Every customer touchpoint should reflect your brand’s identity, from your website to social media pages to business cards, uniforms, signage and brochures. Ensure consistency across all channels by having a brand guide that helps to consistently maintain your brand’s identity.

10. Monitor and refine your brand identity

Developing a successful brand identity is an ongoing process. After establishing and implementing your brand identity across all channels, you need to monitor it over time. Your business and target audience may evolve, and your brand may need to adapt. You might need to improve your messaging, change your visual identity, or even redefine your brand’s purpose.

Monitoring your brand identity with your target audience helps assess its effectiveness and make any necessary changes. You could undertake surveys, focus groups, or other market research, or run various marketing campaigns to see what brings the best results. Gathering data and feedback can provide valuable insights into how customers perceive your brand and what changes may be required.

Ready to create your brand identity?

A strong brand identity builds credibility and customer trust, increasing brand recognition and loyalty. Take the time to invest in your brand identity, and your company will thrive.

By following the steps outlined in this guide, you can try your hand at developing a brand identity for your business, although many companies outsource this important task to branding experts. If you’d like to see how this might work for your business, get in touch for a free introductory chat.

FAQs

1. What is a brand identity and why is it important?
Brand identity is the collection of all elements that a company creates to portray the right image to its audience. It includes visual elements like logos, colors, fonts, and messaging that collectively communicate what your brand stands for. A strong brand identity helps differentiate your business from competitors, builds trust, and enhances customer loyalty.

2. What are the key components of a brand identity?
A successful brand identity typically includes:

Logo: The visual symbol of your brand.
Typography: The fonts used consistently across all platforms.
Color Palette: A specific set of colors that reflect your brand’s personality.
Imagery: Photos, graphics, and other visual elements.
Tone of Voice: The style of communication your brand uses.
Brand Guidelines: A document outlining how to use these elements consistently.

3. How do I define my brand’s core values?
To define your brand’s core values, ask yourself questions like:

What does my business stand for?
What problems do I solve for my customers?
What unique value do I bring to the market?
These core values should be clearly reflected in every aspect of your brand identity.

4. How can I make my brand identity stand out from competitors?

To create a unique brand identity, focus on:

Understanding your target audience and their needs.
Highlighting what makes your product or service different.
Creating a consistent and cohesive brand experience across all touchpoints.
Using bold and creative design elements that resonate with your audience.

5. What role does consistency play in brand identity?
Consistency is crucial in building brand recognition and trust. When your brand identity elements—logo, colors, typography, and tone—are used consistently across all platforms (social media, website, packaging), customers are more likely to recognize and remember your brand. Inconsistency can confuse potential customers and dilute your brand’s impact.

6. How do I maintain my brand identity as my business grows?
As your business evolves, it’s essential to revisit and refine your brand identity. However, maintaining the core elements of your brand (logo, values, and tone) helps ensure consistency. Regularly updating your brand guidelines and ensuring that all team members understand and adhere to them will help maintain brand integrity over time.


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]]> https://liquidcreativity.com.au/create-successful-brand-identity/feed/ 0 How to conduct a brand audit: A step-by-step guide https://liquidcreativity.com.au/guide-to-conduct-brand-audit/ https://liquidcreativity.com.au/guide-to-conduct-brand-audit/#respond Tue, 18 Jul 2023 01:49:38 +0000 https://liquidcreativity.com.au/?p=23985 Discover the key steps for conducting a brand audit in our comprehensive guide. Assess your standing and optimise your brand's identity.

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how to conduct brand audit

BRANDING


How to conduct a brand audit: A step-by-step guide






To do a brand audit, you need to define your brand, analyse your market position, review your visual identity and messaging, evaluate your brand’s touchpoints and make an action plan. Brand audit checklists, templates and tools can help.

That sounds like a lot. But in this step-by-step guide, we’ll help you through the process and share expert tips to make it easier. Let’s begin by explaining brand audits and why you need to do one.

What is a brand audit?

A brand audit is an evaluation of your branding efforts to identify gaps, strengths, weaknesses, and opportunities for improvement. It helps to ensure your branding aligns with your goals and resonates with your audience.

Regular brand audits are essential for companies that want to build a solid and successful brand.

Our brand audit process systematically examines brand identity, market position, visual identity, messaging, and touchpoints. Following this approach will help you conduct a comprehensive brand audit to get valuable insights into your branding efforts.

why you need to audit your brand

When should you do a brand audit?

Here are seven situations when a brand audit might be needed:

  1. If you feel your brand no longer represents your business
  2. To help you decide if your brand needs a minor refresh or a complete overhaul
  3. If you are expanding your products or services
  4. If you are making a geographic move
  5. If you are undergoing a merger or acquisition
  6. If your sales have dropped off or your marketing isn’t achieving results
  7. If your brand developed organically without a strategy behind it

Brand audit process

Here are the steps you can take to audit your brand:

  1. Define your brand
  2. Analyse your brand’s market position
  3. Review your brand’s visual identity
  4. Audit your brand’s messaging
  5. Evaluate your brand’s touchpoints
  6. Make an action plan and monitor progress

brand audit process

1. Define your brand

The first step in conducting a brand audit is to define your brand. This step comprehensively examines your brand identity, vision, mission, values, and personality to ensure your branding efforts are delivered consistently, align with your business goals, resonate with your target audience and build customer loyalty.

A. Clarify your mission and vision

Your mission and vision should drive all that you do. Your mission is your purpose. It’s a statement about what you want to achieve. The vision is the future goal. Think of it like a road map to achieve your mission. Defining your mission and vision will take some deep thinking and time, but it’s highly worthwhile because it sets the tone for your entire business.

B. Document your brand identity

Your brand identity incorporates your brand name, logo, slogan, other visual components and the tone of voice of your written content. Your brand identity must be appealing to your customers. It also must be presented consistently across all platforms, like your website, social media profiles, ads and stationery. It’s useful to document your brand identity in a brand guidelines document so all brand materials can be created with the same consistent identity.

C. Detail your brand values

Your brand values are what your company stands for. They address the convictions and rules that guide your brand’s behaviour. Defining your values and ensuring they flow through every part of your business is essential to build customer trust and brand loyalty.

D. Assign your brand personality

Brand personality is the human attributes and characteristics that address the brand’s image and voice. You should always ensure every customer touchpoint is delivered with your defined brand personality in mind.

2. Analyse your brand’s market position

The second step in conducting a brand audit is to analyse your brand’s position in the market. This step involves comprehensively examining your brand’s competitive landscape, along with a SWOT analysis and consumer research. This step will help you better understand your brand’s market position, identify areas for improvement and develop a more effective marketing strategy.

A. Conduct competitive analysis

Conducting a competitive analysis helps you understand your competition’s strengths and weaknesses compared with your own. With this information, you can identify the gaps in the market and find out where you can place your brand compared to theirs.

Look at their brand positioning, product range, pricing, distribution channels, target audience, messaging and marketing tactics as a starting point.

B. Undertake a SWOT Analysis

A SWOT analysis helps to identify your brand’s internal strengths and weaknesses, along with the opportunities and threats in the external environment. Conducting a SWOT analysis is a structured way to help you better understand your brand’s market position and identify opportunities for improvement.

C. Perform consumer research

Doing consumer research helps you understand your ideal audience’s needs and preferences. The more you know about who they are, how they think and what they’re looking for in a company, service or product, the more you can communicate effectively with them.

Check your online reviews, do a poll on social media or set up interviews with your customers and ask in-depth questions. It will help you identify opportunities to create an effective marketing strategy or improve your existing one.

3. Review your brand’s visual identity

The third step in conducting a brand audit is to review your brand’s visual identity. This step thoroughly examines your brand’s logo and tagline, colour palette, typography, brand imagery and photography. Reviewing your brand’s visual identity ensures that your branding efforts are consistent, memorable and reflect your brand’s values and personality. This can help build brand recognition and loyalty and drive business growth.

A. Analyse your logo and tagline

Your brand’s logo and tagline are your visual identity’s most prominent and recognisable elements. Take time to assess if they are simple, memorable, reflect your brand’s values and personality, and appeal to your customers. Ask staff and customers for feedback and be prepared to update them if they’re no longer doing the job.

B. Scrutinise your colour palette and typography

Your brand’s colour palette and typography are crucial in creating a consistent and recognisable brand image. Therefore, it is essential to ensure they are consistent across all touchpoints and reflect your brand’s values and personality.

C. Review your brand imagery and photography

Once again, your brand’s imagery and photography should reflect your brand’s values and personality and resonate with your target audience. Spend some time checking that your imagery and photography are consistent and appealing because if they aren’t, it can hinder the success of your business.

4. Document your brand’s messaging

The fourth step in conducting a brand audit is to define your brand’s messaging. This step involves a comprehensive examination of your customer’s needs to ensure what you say and how you say it appeals to your target audience and effectively communicates your brand’s key benefits.

A. Examine brand messaging and tone of voice

Review your current marketing materials to analyse how you talk about your brand. Your brand’s messaging and tone of voice should be consistent across all touchpoints and reflect your brand’s values and personality.

B. Define brand messaging and tone of voice

Document the key messages of the brand to ensure that you are always talking about the brand and the products and services in the same way. Make sure your communications are consistent with the brand by linking your tone of voice to the personality and values.

5. Evaluate your brand’s touchpoints

The fifth step in conducting a brand audit is to evaluate your brand’s touchpoints to see if they are consistent, well-designed, and uphold your brand identity. You need to examine every contact point where your customer might interact with your brand, like your website, social media accounts and marketing, as well as the customer experience, your physical store or offices and customer service channels.

By evaluating your brand’s touchpoints, you can identify areas for improvement and ensure that your branding efforts effectively build brand recognition, loyalty, and advocacy to drive business growth.

A. Review website content

Your website is often the first touchpoint for potential customers, and making a good impression is essential. First, check that your content is well-organised, easy to navigate and optimised for search engines. Then, make sure your website clearly communicates how you will help customers.

Ensure your messaging is consistent and quickly gives people the information they need. Try to ensure you’ve demonstrated that you understand precisely what they need and show them how your product or service delivers.

B. Investigate social media content and engagement

Your social media presence is crucial in building brand awareness, engagement, and loyalty. Check that you are posting information and imagery on your social media that’s engaging, informative and reflects the business’ personality, messaging and vision. Ensure you engage with your followers promptly and authentically in the brand’s tone of voice.

C. Evaluate your marketing efforts

In addition to your website and social media, you need to analyse all other marketing for consistent branding. Look at emails and newsletters, advertising, events, sponsorship, and public relations activities and see if there are opportunities for improvement.

D. Study your customer journey

Your customers’ experience with your brand can significantly impact their brand perception and their likelihood of becoming repeat customers or advocates. Therefore, you must ensure that your customer journey is well-designed, easy to navigate and a positive experience.

It’s also important that your brand’s values and personality are consistently delivered throughout. Customers will go elsewhere if your in-store service doesn’t live up to your website’s friendly and welcoming tone.

6. Make an action plan and monitor progress

The sixth and final step in conducting your brand audit is to create an action plan. It should identify all the areas for improvement that you uncovered in your audit. Ensure you prioritise your action plan and allocate the right resources to get it done. Hire expert help if you need it. Monitor your progress to see if your changes help you achieve your goals.

Brand audit checklist and template

A brand audit checklist and template can help ensure your brand audit is comprehensive, thorough, and effective.

A. Importance of having a brand audit checklist

A brand audit checklist can help you stay organised and cover all the necessary components of a brand audit. It can also help you identify improvement areas and develop actionable insights to improve your branding efforts.

B. Examples of brand audit templates

Many brand audit templates are available online, and you can choose one that best fits your specific needs and objectives. Some examples of brand audit templates include a SWOT analysis template, a brand identity audit template, and a customer experience audit template.

When selecting a brand audit template, it’s essential to ensure that it covers all the components of a comprehensive brand audit.

Auditing your brand is crucial in building a solid and recognisable brand. By following the five steps outlined in this post and using a brand audit checklist and template, you can ensure that your branding efforts effectively communicate your brand’s values and personality and drive business growth.

Brand audit tools

Conducting a brand audit can be complex and time-consuming, but many tools are available to help make the process easier and more efficient. Here are three tools that can be especially helpful in conducting a brand audit:

A. Brand audit software

There are many different tasks to complete for your brand audit. One of the best ways to ensure you don’t miss any necessary steps is to set up a project in a task management app. Examples of task management software that you could use to manage your branding audit project are Monday, Asana and Trello.

B. Analytics and data visualisation tools

Analytics and data visualisation tools can help you to track and analyse your brand’s performance metrics, including website traffic, social media engagement, and customer satisfaction. In addition, these tools can help you identify improvement areas and develop actionable insights to improve your branding efforts. Examples of analytics and data visualisation tools include Google Analytics, SEMrush, and Tableau.

C. Survey and feedback tools

Survey and feedback tools can gather feedback from customers and stakeholders about their perceptions of your brand. These tools can help you identify improvement areas and understand how your brand is perceived in the marketplace. Examples of survey and feedback tools include SurveyMonkey, Typeform, and Qualtrics.

Ready to tackle your brand audit?

A brand audit is essential for any business looking for ways to improve its results. By following our step-by-step process, you can ensure that your branding efforts effectively communicate your brand’s values and personality, differentiate your brand from competitors, and drive business growth.

Remember, brands evolve over time, so a brand audit isn’t a set and forget task. A successful brand requires ongoing effort and attention, so you may need to revisit and refine your branding as your business evolves.

If you’d prefer to use a branding expert to complete your brand audit, please reach out for a free introductory chat.

FAQs

What is a brand audit, and why should I do it?

Answer: A brand audit refers to the detailed analysis of your brand’s current identity, performance, and positioning. Brand auditing allows you to appreciate the way consumers view your company’s brand, as well as uncover its positive elements and negatives. It keeps it relevant and competitive within the marketplace.

What are the key elements of a brand audit?

Answer: Some of the main constituents of brand audits can include visual aspects (logos, colors, fonts), messaging and tone, customer perceptions/feedback market position, and competition. Such an in-depth analysis will give you a full understanding of how far your brand has gone.

How do I collect data for a brand audit?

Answer: You can collect data for a brand audit through mixed methods (qualitative and quantitative). In addition to social media monitoring and online research conducted by your marketing department or advertising agency, other viable means include interviews with customers/clients or personnel from different functional departments in your company. This can be further supplemented by conducting SWOT analyses to bring out more insights.

What steps should I follow to conduct a brand audit?

Answer: Conducting a successful brand audit requires the following measures:-

Define your objectives and scope.

Gather and analyze data on your brand’s visual elements, messaging, and customer perceptions.

Compare your brand against competitors.

Identify strengths, weaknesses, opportunities, and threats.

Develop an action plan to address findings and improve your brand.

How often should I conduct a brand audit?

Answer: It’s recommended to conduct a brand audit at least once a year. However, if your brand undergoes significant changes, faces new competition, or experiences a shift in market trends, more frequent audits may be necessary to ensure your brand remains aligned with your business goals and market conditions.


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]]> https://liquidcreativity.com.au/guide-to-conduct-brand-audit/feed/ 0 How to Add Value to Your Brand and How to Communicate This to Your Customers https://liquidcreativity.com.au/how-to-add-and-communicate-value-your-customers-will-recognise/ https://liquidcreativity.com.au/how-to-add-and-communicate-value-your-customers-will-recognise/#respond Thu, 01 Apr 2021 09:56:49 +0000 https://liquidcreativity.com.au/?p=17866 Discover how to boost your brand value to your audience. Learn strategies to identify, communicate and deliver great customer experiences.

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How to Add Value to Your Brand and How to Communicate This to Your Customers

BRANDING


How to add value to your brand and how to communicate this to your customers



For any successful business, their brand is one of their most valuable assets. To reach this point requires a commitment to building a truly exceptional brand in the first place. Not only do you need to create a brand identity that makes you stand out, but you also need to communicate to your customers the value that your brand represents.

So, if you want to go about doing just that, read on for our guide.

What does it mean to add value to my brand?

‘Adding value’ can be a problematic term to define fully. There are lots of different ways you could conceivably add value to a product or service. You can make it more financially appealing. You could provide a more efficient service. Or you could change the design aesthetics.

With so many different things falling under the same title, it’s essential to carefully consider what is really meant by adding value to your brand.

When you’re considering your brand’s value, you need to put yourself in your customers’ shoes. Their opinion is the most important one. With that in mind adding value to your brand means creating a product/service and experience that solves your customers’ problem. The way that you do that should prioritise the features and aesthetics that your customers most highly rate.

What is customer perceived value?

When it comes to anything relating to your brand, the most important critics are your potential customers.

When they look at your marketing and all your messaging, they will come to an opinion about how much value you can offer them. This is usually a balance between the benefits they get from choosing you and the cost. When your customers weigh these points, they will determine the value of your brand.

It’s important to remember that what customers are most often looking for are solutions. For instance, you don’t buy a hammer to have a hammer. You buy a hammer so you can put nails in a wall. What this means is that a large factor in the calculation of customer perceived value is going to be a judgement of how well your solution will work for each customer.

Adding extras to your solution might seem like a shortcut to increasing your customer perceived value. However, if the extras are of no use to your customers, they won’t alter the value at all. For instance, I wouldn’t value a hammer anymore if it also played music – that’s not what I need a hammer for.

Competing on value or competing on price?

It can be easy to get sidetracked into focusing only on price. When asked to picture a ‘value’ item, many people picture discount or cheap options. However, there is a lot more to value than just the cost.

The price of your product should absolutely be considered when you are thinking about the value you’re offering. Pricing yourself at the lower end of the marketplace can also be a reasonable way to compete. Doing so does place you on a certain track, however.

If you decide to complete on price alone, then you are deciding to offer not only a low priced solution but in most cases a low-value one as well. Otherwise, you’ll be hard-pressed to actually make a profit.

Choosing to compete on value instead of price means that you can make a better quality product and price it accordingly. By focusing on the value, you can get out of the race to the bottom and not only create something that your customers want, but also place yourself in a position to have larger profit margins.

You need to clearly understand which type of company you are. If you are focused on providing value, you will be marketing towards a different type of consumer than if you choose to compete on price alone. Knowing who you are marketing to is a vital component of any brand strategy.

Understand value with market research

Because the value of what you’re selling is very much in the eye of your customers, it’s vital that you carry out thorough research. In order to give your customers a product they value, you need to clearly understand what is most important to them.

Market research is a vital piece in developing your brand strategy. It is something that you should also regularly return to. Customers’ opinions change, and so does the competition. In order to continue to offer a solid value proposition to your customers, you need to continue to check in with them about what they want and need. If their priorities change, then the perceived value of your solution can also change.

Make social listening a habit

It can be tempting to rely on numbers to assess the effectiveness of social media offerings. However, if you just look at the numbers of followers, likes, and #tags, you’ll be missing out on a wealth of useful information.

Social media gives you the ability to look at the broader background to your customers. You can see what they care about, what they have to say about your company, and what the rest of your industry is doing.

Taking the time to listen to your followers can provide you with valuable insight. It also gives you the opportunity for more personal interactions. Both of these are ways to add to the value of your brand. You can use these insights to tailor your solution to your customer’s needs, and you can make them feel heard. There is no better way to build loyalty and buy-in than that.

Show your customers you ‘get’ them

Because value is a rather intangible quality, it means that there are a lot of less obvious components to it. Whether or not a brand aligns with a customer’s ideals and world view can be a large contributing factor to how much value a brand is perceived to have. By showing your customers that you have a shared view of the world, you can raise your estimation in their eyes.

A recent example of this is how large brands responded to the BLM movement that followed the death of George Floyd. P.E. Nation posted supportive messages about equality on Instagram. Aesop shared the names of other black people who had been killed by police and made donations to relevant charities.

Both of these were marketing decisions.

P.E. Nation received a fair amount of backlash. Many of their customers pointed to their lack of action and their vague messaging. At the same time, Aesop got a lot of positive reactions. Their messaging was more specific, and they did something, which showed a better understanding of how their customers felt.

Create (and deliver) a brand promise

When customers choose your brand, they should know exactly what to expect. One of the best ways to communicate your brand’s most important value proposition is through a promise. This makes it clear to your customers what you value most. It’s a quick way for them to assess if your views on what’s important matches theirs.

However, there is absolutely no point in making a promise if you are unable to keep it. If you say you are going to do something, it is important to make sure you do all you can to keep your word. If you don’t, it will get out, and that will be what your brand becomes known for.

Improve the user experience

As we’ve explored, value goes far beyond money. In fact, one of the most valuable things you can offer your customers is time. If you can find ways to save them time or make the time they spend using your product easier and more pleasant, then you will be adding a large amount of value to your offering.

Focusing on your users’ experiences will identify places where you can smooth things out. Creating value is all about seeing things from your customers’ point of view. Streamlining and improving all aspects of your customers’ experience is an important tool for building the value of your brand.

Emphasise unique qualities

When you’re competing in a crowded market, it’s important to know what makes you stand out from the crowd. This means taking the time to get to grip with what your competitors offer and then highlighting what it is that makes you unique.

By making a point to tell your customers about what makes you different, you’re also telling them about how you are the better value option.

Humanise your business

As a species, we have an innate desire to form social bonds. We’re so good at it that we see faces in everything from clouds to the dirt on a truck. When it comes to marketing, you can use this desire to form bonds to help build your brand. The easier you make it for your customer’s to form a relationship with your brand, the stronger that relationship will be.

There are lots of easy ways to bring the human touch to your brand and elevate it from being a faceless corporate entity. But, before you go running out to find the perfect face for your brand, why not instead make use of all the people who already have.

Using your real employees in their real workspaces is a great way to bring some life to your brand. You can be a little playful and let some of your employees’ personalities shine through as well.

Your employees are your greatest resource when it comes to humanising your brand. They are ideally placed to be the ambassadors you need. They know your company and hopefully are invested in your company’s success.

When possible, try to interact with your customers on a personal level. This can be as simple as personalising your automated mailings; it’s a lot easier to feel positive about an email when you’re addressed by name rather than as ‘valued customer’.

Deliver value before and after the sale

When you’re thinking about the value you offer your customers; you need to think about their entire experience. When value is behind your offering, you need to make it a core part of everything you do. It can be tempting to simply focus your efforts on small sections of the user experience.

It’s not uncommon to fall into the trap of focusing solely on the product or the sales experience. However, customers will focus on the aspects of their experience that are ‘less than’. It’s no good having an amazing sales experience if the after sale care is sub-par. If you set your brand up as the best value choice, you need to consistently deliver on that promise.

Involve customers behind-the-scenes

Customers love to feel like they have a real connection with their favourite brands. The better they know your brand, the more loyal they will be and the better they will be as a brand ambassador. There are two great ways to achieve this.

The first is to invite your customers to see what happens behind the scenes. This can be as simple as creating some videos that show some of the unseen aspects of your company. Giving customers this sort of behind the scenes access makes them feel more invested in your company.

The second way to get customers involved is to ask for, and make use of, user-generated content. People love to see their pictures and content featured. So, if one of your customers makes something great, then why not ask if you can use it. Or ask all your customers to share pictures or videos of your product. It’s a cheap and easy way to create a buzz and to help turn your customers into ambassadors.

Communicate to employees, not just customers

It’s vital that before you tell your customers something, you first tell all of your employees. This is a step that can be easy to forget. Doing so can cause a lot of problems and make your company look unprofessional.

One big reason for doing this is so that your employees aren’t blindsided. If you make a promise to your customers about something, then you can guarantee that it’s going to come up during a sales pitch or a customer service call. If your employees don’t know what the customers are talking about, then it causes problems for everyone. You employees feel like they’ve been left out of the loop, and your customers lose confidence that you’ll follow through on your promises.

Another reason why it’s important to communicate with your employees is that consistency is a massive component of building an effective brand. All of your employees will have some contact with customers or potential customers at some point, so it’s important that they all give the same message.

If every point of contact a customer has with a company gives them a different message, then they won’t feel certain about what the brand is actually offering.

Related Questions

What is customer lifetime value?

Customer lifetime value is a way of looking at how much profit you make from a customer over the whole relationship. It moves you beyond the purchase to purchase value of each interaction. It’s important to consider because it gives you a better projection of your long term profits from each customer.

Recruiting new customers is more expensive than selling to existing customers. So you want to try and maximise your customer lifetime value. If your customer lifetime value is significantly lower than you expect, this can be an indication that there is a problem with your customer experience.

Keeping an eye on your customer lifetime value can warn you if you need to make any changes to your business model, or if changes you’ve already made are effective.

How can I differentiate my brand from competitors?

If you are in a crowded marketplace, it’s important to stand out from the crowd. There are a few different ways to do that. In order to decide which is best for you, you’ll need to invest some time assessing your competitors and comparing your offering to theirs.

The best way to differentiate your brand is to identify what makes you unique. What do you offer that no other competitor does? If you can identify a unique feature, then this should be the focus of your messaging to customers. This allows you to build an identity as the company that does ‘x’.

If there is no definitive feature that you can point to make your company stand out, you can instead look at your position in the market. Are you the lowest cost option, or are you the high-quality deluxe option? You can use your price point as a means to differentiate yourself.

A final option to differentiate yourself is to find your voice. If your brand has a unique and individual voice and message, that can be enough to make you stand out. This comes from some clever and conscientious branding. In fact, however you differentiate your company from the rest; it will rely on having an effective branding strategy.

FAQs

1. What are the most effective ways to add value to my brand?
You can add value to your brand by improving product quality, providing exceptional customer service, offering personalized experiences, and fostering strong customer relationships. Emphasizing sustainability, innovation, and exclusive benefits also helps differentiate your brand from competitors.

2. How can I communicate my brand’s value proposition to customers?
You can communicate your brand’s value proposition through clear messaging on your website, social media, and advertising campaigns. Highlight your unique selling points (USPs), use customer testimonials, and create content that demonstrates how your product or service solves problems or meets customer needs.

3. What role does branding play in adding value to my business?
Branding creates a perception of value by shaping how customers view your business. A well-defined brand identity, logo, design, and tone of voice contribute to emotional connections with customers, establishing trust, credibility, and loyalty over time.

4. How can I ensure my brand value resonates with my target audience?
To ensure your brand value resonates, conduct market research to understand your audience’s needs, preferences, and pain points. Tailor your messaging and offerings to address these insights. Consistent engagement, personalized communication, and aligning your brand with their values will deepen the connection.

5. Can offering additional services or products add value to my brand?
Yes, expanding your offerings or providing complementary services can add significant value to your brand. For instance, introducing loyalty programs, extended warranties, or product bundling can enhance customer experience and increase perceived value.

6. How do I measure the effectiveness of my brand’s value communication?
You can measure effectiveness through customer feedback, engagement metrics (e.g., social media interactions, email open rates), and sales performance. Tools like customer surveys, reviews, and Net Promoter Score (NPS) help assess if your brand’s value is being clearly communicated and appreciated.


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]]> https://liquidcreativity.com.au/how-to-add-and-communicate-value-your-customers-will-recognise/feed/ 0 A marketing expert’s tips on simplifying business decision making https://liquidcreativity.com.au/a-marketing-experts-top-tip-to-simplify-business-decision-making/ https://liquidcreativity.com.au/a-marketing-experts-top-tip-to-simplify-business-decision-making/#respond Tue, 30 Mar 2021 09:04:03 +0000 https://liquidcreativity.com.au/?p=17859 Your brand positioning is the key to making business decisions streamlined. Here are our expert tips on how to use it to your advantage.

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A marketing expert’s tips on simplifying business decision making

BUSINESS

A marketing expert’s tips on simplifying business decision making



Business decision making is a vital part of any company. Modern management depends on the ability to make better decisions, and these decisions sustain the activities of the entire business. Decisions need to be made at every single level of management, and many employees are required to make critical business decisions on a regular basis.

These decisions are integral for ensuring the organisation’s goals are being achieved, but making these decisions isn’t always easy.

In most cases, business decision making requires you to identify the goal you want to achieve, collect relevant information, and weigh up all the options before making a final choice. Decision making can be difficult, and many different factors need to be considered when you are making business-changing choices.

We are here to share our marketing expert’s top tip to help simplify business decision making. Brand positioning is an effective strategy, giving you and your team the ability to make better decisions for your business.

In this guide, we will look into what brand positioning is, how to determine it, and how it can help your decision-making process.

What is brand positioning?

Brand positioning is a term that is thrown around a lot by marketing professionals. It defines what your brand stands for and is the reputation that your business will be known for among consumers. Brand positioning allows a business to differentiate itself from the competition and stand out from the crowds.

Brand positioning can help boost brand awareness, justify pricing and communicate the value of a product or business. Some people describe brand positioning as the space that a company owns in the minds of its consumers. Every business will have a brand position, whether it has proactively created a strategy for it or not.

When your business can position itself in the right way to consumers, it can help to create a major advantage in the industry. Brand positioning leads to market differentiation and highlights the uniqueness of your product or company. This marketing strategy can be used to demonstrate how one of your products solves a specific consumer problem in a better way than competitors.

A clear brand position will provide your customers with the answers they need to make purchasing decisions. The ability to make better decisions is an often-underestimated benefit of brand positioning.

How do I figure out my brand’s positioning?

Figuring out your existing brand positioning and deciding if it is the right strategy for your business isn’t always an easy task. Your brand will already have a position in consumers’ minds, whether you have done this on purpose or not.

In order to figure out what your brand positioning is and what it should be, you need to spend some time researching your industry. Look at your competitors and figure out what brand position they have chosen, and how well that is working for them. Once you know where your business sits among its competitor set, you can determine a position that will help your brand stand out.

Your brand position also needs to be authentic to you and reflect your values as a company. Look at your business story and mission and incorporate all your values in your brand positioning strategy.

Think carefully about your target audience and define your market so that you can create a brand position that is relevant to them. Figuring out your brand positioning is ultimately about figuring out what makes you different from the rest and what value you bring to your customers.

How does brand positioning help with decision making?

Having solid brand positioning is vital for effective decision making. When you know exactly who your business is, what it stands for and how it fits in customers’ minds, you can make decisions to help the brand flourish.
If you want your team to be able to make better decisions on a daily basis, then you need to keep your brand positioning in mind. It should be used as a base for every business decision that is made.

When you consider if a decision fits with your brand positioning, it can help you to make more effective choices that will lead to success. There are many reasons why brand positioning helps with decision making;

Guides strategic decisions and marketing mix

Brand positioning can help to guide strategic decision making. Your ability to make decisions that will truly help your business thrive can be improved when you keep your brand position at the core of everything you do.

Strategic decision making is all about setting yourself up for long term success and meeting longer-term goals and visions for your business. When you have your brand positioning as your reason and base for every decision, you will be better able to clarify the bigger picture. This will help your business to align short term plans into a deeper and broader mission for your brand.

Your marketing mix also needs to be aligned with your brand positioning. If you are defining your marketing mix elements, then your brand positioning needs to be at the forefront. Once you know your brand’s positioning, the most effective elements of the marketing mix will be more straightforward and easier to identify.

If you have an inconsistent marketing mix compared with your brand positioning, then it can lead to confusion over your products and business. Starting with your brand position in mind, and then identifying your marketing mix will help keep your business decisions on track.

Helps evaluate partnerships and opportunities

Businesses regularly have to make decisions about the partnerships and opportunities they pursue. Choosing the wrong partnerships can harm your business and affect how consumers perceive you.

When you keep your brand position in mind when deciding potential opportunities and partnership, you can focus on the ones that will truly benefit you.

The brand position provides some much-needed clarity in the bigger vision for your company, helping you to decide on the partnerships that are right for business.

You only want to partner with others that fit with your brand positioning strategy and share your values. A business should only choose to take opportunities that reflect these elements of their brand as well. If you are presented an opportunity that doesn’t align well with your brand, then keeping your positioning strategy in mind will help you understand why it isn’t the right choice.

On the flip side, partnerships and opportunities that fit well with your brand position are easy to make decisions about as you can clearly see the benefits to your business.

Provides framework for market research

Market research is absolutely essential for effective decision making. It provides a base of knowledge for decisions to be made upon. However, just going out and doing any market research you possibly can won’t help your business make educated decisions.

Your market research must be relevant and accurate to your consumer base and industry. Having a solid brand positioning strategy gives you a framework for your market research. It is a starting point that you can build upon, to ensure that your efforts are being focused in the right place.

When you and your teams know exactly where your business sits within its competitor set and what your vision for the brand is, you can make better decisions when it comes to market research. There is no need for conducting research on companies that are not direct competitors of yours, and no use for researching consumers that aren’t in your target market.

Brand positioning sets out these elements so that your market research can be carried out effectively and successfully. That market research can then improve your ability to make better decisions for your business.

Enables better leadership throughout your business structure

No matter the size of your company, leadership is vital for success. When it comes to making decisions, business leaders are usually very involved. Brand positioning can improve leadership throughout the business structure. This is because it ensures that everyone is on the same page about the business and its goals.

No matter the level of seniority in the business, leaders should all have the same brand position at the forefront of their minds. When every manager in the company is focused on the same goal, they will be able to make more consistent leadership decisions.

A well-understood brand positioning strategy helps leaders right across the business to make decisions with the same goals in mind. When this brand position is then filtered down into every employee and member of the team, it ensures the entire business structure will keep it at the heart of everything they do.

Companies that are able to keep their position and branding guidelines consistent across the entire business are better placed to make effective and successful decisions.

Attracts and helps evaluate new recruits

Brand positioning isn’t just about what customers think of your business, but also potential employees and partners. Having a strong brand position will help to attract the right talent to your business.

When the world knows who you are, what you stand for and what makes you different from the rest, you are more likely to attract the kinds of employees that reflect your values. The people you hire are one of the most important assets to your business, and it is vital that they blend into your brand position.

Brand positioning will also help you to make informed recruitment decisions. When you use your brand position to evaluate potential new team members, you can make sure you hire individuals that resemble your values and goals.

Employees reflect the brand’s messaging, especially if they are customer-facing. When you incorporate brand positioning into your recruitment decision-making process, you will be able to hire the best people to help your business grow.

Assists collaboration with creatives and partners

When your business has a well-defined brand positioning strategy in place, you will have the ability to make better decisions when it comes to communication. Working with creatives and partners, whether it be designers, copywriters, photographers or something else entirely, requires a solid understanding of your brand and values.

Creatives and partners will be better able to evoke the emotions of your business and its customers when they understand your brand position.

If you are deciding which marketing campaign, collateral design or publication to work with, your brand positioning can help you find the right choice. A business that has more focus on where they are going will be better placed to make impactful decisions.

A successful brand strategy will narrow your audience and market and highlight your unique selling points. This makes decisions easier and simpler because it eliminates a lot of the other options on the table.

Support brand longevity and long term success

A well planned and defined brand positioning strategy will provide business decision-makers with a compass which will help to steer all long term decisions in the right direction. When your brand is positioned correctly for success, your longevity will be supported.

An effective branding strategy will impact your brand personality, communication, core messaging, identity, tone of voice and much more. All of these aspects help contribute to the long term success of your brand.

When every member of your team has your brand’s positioning strategy as a basis for their decision making, they will inevitably make choices that are better for your business’ long-term future. A good brand positioning strategy will map out all the attributes needed to help support brand longevity and long term success.

The ability to make better decisions comes from a brand positioning strategy that sets out who the target market is, the unique selling points of products, and the values of the business.

What kind of brand positioning documents should my business have?

If you are looking to improve your brand positioning and creating a strategy that will help your business decision-making processes, then you will need to implement some documentation. Brand positioning statements are the most common options for documents for a brand strategy.

A brand positioning statement is a short description of your business, product or service, and its target market. It will also include how your product or service fulfils the need of the defined target market. These statements are essential internal tools for determining all marketing efforts and supporting decision making.

  • The purpose of these brand positioning statements is that they clearly define;
  • Your customer base and who your business serves
  • Your product offering and how they serve your market
  • How your products help your market resolve a problem
  • Why your business does what it does
  • How your business is different from the rest of the industry

Brand guidelines are another set of documents that can help to support brand positioning, and they usually provide all the information related to your brand identity. Brand style guides usually include a brand story, logo guidelines, colour palettes, font and typography, image guidelines and any other vital branding information.

Related Questions

How can I tell how customers perceive my brand?

How your customers perceive your brand is known as brand perception. It is an important part of brand positioning but measuring it can be a challenge. There are a few ways that you can tell how customers perceive your brand, and it is important to track this over time;

  • Focus Groups: Focus groups have been around for years, and they are an effective way of investigating what people think of your business and products. They reveal the positives and negatives of your brand and help you gauge how customers feel.
  • Perception Surveys: Sending surveys to existing customers and potential new ones is an effective way of learning how they perceive your brand.
  • Social Media: Tracking mentions and reactions across social media channel is an easy way to determine how customers view your business. Checking reviews and comments on your pages and posts can provide useful insights.

What does it mean to have a premium product?

Premium products are often thought of more highly than others on the market and are a way that some brands choose to position themselves. There are many questions around what makes a product ‘premium’, but in most cases, it comes down to quality and price.

A product that is perceived as being premium is usually higher in quality than the others on the market and has a price tag to reflect this. Consumers are generally happy to pay more for a premium product because they believe they are getting a higher quality option.

Positioning your brand as a premium product is effective for justifying a premium price. These products are often sold in upmarket stores and only available in high-end shops. They must have the quality to match, as consumers will expect more from a product that is perceived as being premium.

Every industry and market will have a range of premium products and budget products, each with their own features and price points. Each brand in these industries will need to position their products in the correct place within the market.

FAQs

1. What is the first step to simplify business decision-making?
The first step is to clearly define your business objectives. Understand what you want to achieve in the short and long term, and use these goals as a guiding framework for decision-making. Prioritizing decisions that align with your objectives helps streamline the process.

2. How can data improve decision-making for my business?
Data provides objective insights into customer behavior, market trends, and business performance. Analyzing key metrics such as sales, customer satisfaction, and website traffic allows you to make informed decisions based on facts rather than intuition, reducing guesswork.

3. What are some common decision-making tools or frameworks I can use?
Popular decision-making tools include the SWOT analysis (Strengths, Weaknesses, Opportunities, Threats), the Pareto Principle (80/20 rule), and decision matrices. These frameworks help break down complex choices into more manageable parts, making it easier to evaluate options.

4. How can I avoid analysis paralysis when making decisions?
To avoid overthinking, set time limits for making decisions, focus on the most critical data points, and limit the number of options you consider. Trust your experience, prioritize key factors, and remember that not every decision requires perfect information.

5. How important is team collaboration in business decision-making?
Collaboration brings diverse perspectives and expertise, which can lead to more balanced and effective decisions. Involving key team members ensures that decisions are well-rounded, while also increasing buy-in and alignment across your organization.

6. Can automation or technology help with simplifying decision-making?
Yes, leveraging technology like customer relationship management (CRM) systems, marketing automation tools, and analytics platforms can streamline decision-making by providing real-time data, automating routine tasks, and delivering actionable insights to guide your choices.


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]]> https://liquidcreativity.com.au/a-marketing-experts-top-tip-to-simplify-business-decision-making/feed/ 0 10 Questions that are key to understanding your business https://liquidcreativity.com.au/these-10-questions-are-the-key-to-understanding-your-business/ https://liquidcreativity.com.au/these-10-questions-are-the-key-to-understanding-your-business/#respond Tue, 30 Mar 2021 09:01:44 +0000 https://liquidcreativity.com.au/?p=17869 If you want to run an effective business, you must clearly understand your strategy and where you stand in the market. Here are the ten big questions that you need to consider.

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10 Questions that are key to understanding your business

STRATEGY

10 Questions that are key to understanding your business



If you want to run an effective business, you must clearly understand your strategy and where you stand in the market. If you want to have a strong overview of your business, there are ten big questions that you need to consider.

Having the answers to these questions will help you to make consistent and effective decisions.

Why is it important to better understand my business?

The better you understand the big picture of your business, the better placed you are to react to change. If you aim to grow your business, then you will also need this information in hand. Not only will it let you keep everything moving in the right direction; it will also mean you can talk about your business to investors or prospective customers with confidence.

Why was the business founded?

It’s really important to keep your eye on why you founded your business in the first place. Having the why behind your business gives you more credibility and gives you a mission. Both of these things make it easier to recruit and retain talented employees.

The story of the why behind your business is also useful for attracting more customers. When people know the story behind your business, they feel more connected and engaged.

]The other reason you should be able to answer this question is that it goes to the very heart of what your business does. Most businesses are created to solve a problem. It’s only by knowing the ins and outs of the problem you are trying to solve that you can effectively identify and then market to your customers.

What are the business’ current goals?

Whether you’re looking to grow your business or just hoping to maintain the status quo, it’s important to have short term goals. These should, ideally, be well-defined goals.

The best goals are SMART ones. That means your goals are Specific, Measurable, Achievable, Realistic and Timely. In other words, you have a specific goal in mind that you can measure so, you know if you’ve achieved it or not.

It should be something that you can actually achieve, and you have some control over. Finally, you should have a time period in mind over which you’ll work towards it. At the end of that period, you’ll review and revise your targets.

Depending on your company’s size, you may just have overarching goals for the whole company, or you might have specific goals for diffraction teams. It’s important that everyone knows what these are, as they will keep you moving in the direction you need.

Where do we want to be in 5, 10 and 20 years’ time?

Short term goals are important for driving the direction of your company on a day to day basis. However, it is vital that you also take some time to consider where you see your company in the more distant future.

If you can describe where your company should be in 5, 10, and 20 years, that will give you a roadmap and a vision that the whole company can get behind.

Obviously, your long term goals don’t need to be as specific as your short term ones. We are all very aware that life can throw some highly unexpected curve balls. But these big overarching goals make it clear to everyone where the company is pointing.

Once you have your long term goals decided, you should make a point to plan to revisit them. Thinking about them once a year is a good idea. It allows you to check if you’re still all pulling in the right direction. It can also identify if you might need to reconsider where your company is going.

Who is our target customer?

No matter what you’re selling, you must know who your customer is. The more specific you can be about who your customers are, the better your chances of successfully marketing to them.

When you think of your target customer, you should be able to be hyper-specific about them. It can be helpful to create a profile of your ideal customer. From this, you can develop a really clear picture of who it is that you’re selling to.

However, it is worth checking that the people who are buying from you match your picture of your target customers. It’s not uncommon for you to end up with a different customer demographic than you intended.

If that happens, it’s important to take some time and do some research. Find out as much as you can about who is buying from you. With that information, you’ll be much better prepared to make the tweaks you need to maximise your sales.

Who are our competitors?

To have a firm grip on your business, you also need to have a keen understanding of your competition. In some cases, it might be obvious who your competitors are, but there are often some surprises hidden when you start to ask questions.

The best way to get a clear idea about who you’re competing with is to ask your customers and prospective customers. Asking about other solutions they had considered might help you identify exactly who you’re competing against.

Not only do you need to know who you’re competing with, but you also need to know what they are offering and how it is different from what you have. Going through the sales process with a competitor and trying out their solution can be really important. It can give you insights into the ways in which you are different and ways in which you might improve what you do.

It can be easy to just put your head down and focus on what you’re doing. But, if you ignore the competition, you’ll be missing out on opportunities to improve and may eventually end up losing out on revenue as well.

Why do customers choose us over competitors?

It’s really important to know what persuaded your customers to choose you over the competition. Customers will often make a decision for reasons that you didn’t expect. If a large number of your customers have the same reasoning, then it’s important to know what that is.

For instance, if your customers like a small feature that you added a long time ago, and you remove it, then you might not only have unhappy customers, but you’ll also lose future sales as well.

Once you understand what you have that the competitors don’t, you are well equipped to focus your messaging on those features and benefits.

If you don’t know or have just made an assumption about why your customers choose you, it’s time to do some research. Canvas your customers and ask them to tell you why they chose your company.

Where does our profit come from?

This might sound like an obvious thing to know. However, it’s surprising how many business owners don’t know where the real source of their profits is.

For instance, if you sell one key product, as well as some smaller add-ons or accessories. You need to be clear about which of those brings in the most profit. If the biggest profit comes from the add-ons, then you need a different sales pitch that pushes customers to make those extra purchases.

If you look at your numbers and are surprised about where your money is actually being made, it can be a sign that you need to make a change. It’s all about making the most of the resources you have to get the best outcome.

A great example of this is Groupon. Groupon was originally the ‘little brother’ to a website called The Point. Andrew Mason started Groupon as a side project. When it became clear, which was the profitable idea, he switched his focus. This is why you’ve heard of Groupon, but you’ve probably got no idea what The Point was.

What unique resources do we have access to?

The resources you have determine what you can do and where your business will go. So it’s important that you take the time to audit what you have and all the ways that these resources can be used.

If the pandemic has taught business owners anything, it’s to look at their resources in new ways. The diverse range of companies who started to make PPE and ventilators show that knowing what you have and what you can do with it can open up many new opportunities.

Keep in mind that resources are not just physical things. It is worth taking some time to do an audit of the skills your employees have. Not only will this allow you to ensure that you are making the best use of them all, but it can also reveal new ways to work and may give you access to new ideas.

The added bonus is that taking the time to get to know your employees can make them feel more valued, especially if you are looking for ways to use their skills.

What kinds of data do we have access to?

Data is a powerful business tool. No matter what you do, you will be generating and collecting data even if you don’t intend to. If you can analyse and parse that data, it can give your business insights, help you to support your customers, and guide your business decisions.

Before you can do any of that, you need to know what you have. Data comes in a lot of different forms and varieties. The most important type of data you need to know if you have is personally identifiable data. If you have anything like this, you will need to make sure that you are storing it in compliance with data privacy regulations.

It’s a good idea to go through all the places that you store any data and label them. Make a list of what you need and what you don’t. There is little point in keeping complex data that you will never use, especially if you have to keep it securely. Once you’ve pruned the useless data out it’s time to organise, store, and use what you’re left with.

How are we communicating our unique value to customers?

Once you are clear on your USP and your value proposition, it’s worth checking that you are sharing that information with your customers. There are a lot of different ways to go about doing that, but you need to make sure it’s explicit and consistent.

In situations where you have one clear, strong feature that makes you stand out a good way to communicate that to your customers is to use a brand promise. When you promise your customer something in this way, it shows that you understand what they want and you are going to deliver it.

Just make sure that you are able to keep any brand promises you make. You can be certain that it will be all over the internet in no time flat if you don’t.

In your messaging, you’ll want to make sure that anywhere you mention your USP you are doing so in a prominent position. This isn’t something that you want to leave your customers to find. It should be at the heart of your message because it’s what makes you stand out.

A good way to check if your message is correctly aligned is to show some customers your material. Then ask them what the most important message is. If they don’t identify your unique value offer, then you will need to do some redesigning.

Related Questions

How can I better utilise customer data in my business?

Some of the buzz words floating around at the moment are ‘big data’ and ‘machine learning’. If you want to get people excited about what you do, these seem to be the terms to use. So, it’s a given that most companies and businesses are collecting as much data as they can about their customers.

However, the important part of the puzzle is knowing what to do with all the data you gather. Unless you really do have vast amounts of data and the technical knowhow, machine learning is unlikely to be the answer just yet.

When it comes to data, there are two big things you need to get right before you can put it to positive use. The first thing to focus on is how you are organising the data. If you just have sheets full of details and no way to process that information or analyse it for insights, then it’s not going to do you much good.

The second thing to consider is the safety of the data you have. There is nothing worse than having to tell your customers that you’ve lost control of their personal data.

Once you have your data organised and secure, you can start to look for ways to use it.

The most obvious use of all this data is to gain insights into who your customers are and why they are choosing your services. With that information, you can better tailor your marketing. You can personalise the communications with existing customers and focus your general marketing efforts in the right way.

Another way to make use of your customers’ data is to use it to help them. If you can provide insights to your customers that improve their experience of using your products or can prompt them when they might need to take action, it can build a more positive relationship. This sort of data use does need to be done with care. Done wrong, it can feel creepy.

What is the best method of setting business goals? 

The best goals are ones that are chosen with care. A good system for generating goals is to make them SMART (Specific, Measurable, Achievable, Realistic, Timely). With SMART goals, you have clear objectives, you can measure your progress, and you can have a specific timeframe to work on it.

Some schools of thought suggest that you should always set highly challenging and ambitious goals. The idea is that this pushes everyone to work harder. You might not reach your goal, but you will achieve more than you would with a smaller target. This is a philosophy that is best used only on occasion. Constantly missing goals and falling short can be draining. So can pushing your team to work at full speed all the time.

The best goals are ones that are reasonable and achievable. You should focus on something that is within your reach and that you have control over. You can always revise goals if it becomes clear that they were set too low. However, It is also worth taking some time to celebrate when you do achieve any of your goals.

The process of setting goals is an important one. However, what you do once you’ve picked your goals is just as important. In order to create accountability, it’s a good idea to share your business goals. This can help the whole company feel like they are working together, and it can be an invitation for more ideas on how to achieve your goals.


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