Home » Business & Finance

The Importance of Building a Brand

2 April 2009 No Comment View all Articles by: Kiera Newnam & Renee Goolday

Presented By:
Kiera Newnam & Renee Goolday

dsg_renee_webdsg_kiera_webEffective marketing begins with your brand, and building your brand is the most worthwhile investment of your time, energy, brain cells and, finally, dollars.

What’s a brand? A brand, in short, is what comes to your mind when someone says a word like Coca Cola. Or Mercedes Benz. Or Ben & Jerry’s. Customers give their business, and their loyalty, to brands they like and like to be associated with.

Venture Strategy Group defines branding this way:
Branding is the process of creating a stand-alone identity for a product or a company which fuels and sustains all customer/company relationships. Branding involves a dialogue between company and employee, employee and consumer, consumer and company.

In today’s competitive world, developing strong, differentiating brands should be one of the top priorities of growing businesses – of any size. It’s more and more evident that customers connect with brand personalities, and are willing to pay more and give greater allegiance to brand personalities they like, and equate with commitment to quality and a passion for their product.

Ben & Jerry’s is a prime example of effective branding. The Ben & Jerry’s personality is communicated on every product, every bag, and every napkin. Their customers feel as though they are members of their club, and are willing to pay 3-4 times what they used to be willing to pay for ice cream.

Starbucks is another example… loyal customers pay a premium not only because they love Starbucks coffee, but because they feel good about the entire experience and their association with it. Starbucks communicates the brand personality consistently through all they do: their decor, their packaging, their logo, their branding of each individual blend and other components.

Each of these companies communicates an appealing personality and passion for both their product and their graphic presentation. This brand personality runs deep, for it is felt by their employees and investors as well. There is a passion that comes through, and customers are willing to pay a little more for products worth being passionate about.

What is your brand personality? Fun & whimsical? Serious & methodical? Trendy & sophisticated? Rugged & edgy? Is your brand clearly and consistently communicated through all you do? The way you answer the phone? The look and feel of your website? The dress and demeanor of your sales staff? Take some time out this week to take a look at your business through your customers’ and prospects’ eyes… and see if you are communicating your brand image at full strength, half strength, or less.

Building a brand takes an investment. But it’s a worthwhile investment, and it will keep providing returns for years to come. If Ben & Jerry’s packaging looked like Sealtest’s and if Starbuck’s looked like Folger’s, we’d probably never heard of them. Yet these companies’ investment in and commitment to their brands gave them the unique, compelling edge they needed, and enabled them to create great awareness without spending millions of dollars in advertising.
* Information provided by Allbusiness.com

For more information or to schedule a meeting with a marketing specialist. Contact Kiera Newnam or Renee Goolday, Marketing Specialists, at 302-494-0757 or visit www.digitalsignguys.com.

Digital Sign Guys is the industry leader in providing Digital Signage Solutions. Our goal is to help local businesses brand themselves through our indoor digital billboard network, increase sales with our in-store point of purchase displays, and give clients professional digital media for their displays as well as a professional website.

The Big Screen Channel Network is made up of strategically located large LCD TV screens in the area’s leading restaurant, fitness and leisure locations running 15, 20 & 30 second rich media ads 24 hours a day/7 days a week. There are 9 indoor digital billboards in New Castle  County including the two newest locations in Hockessin.

We offer several low cost branding solutions that will fit the need of your business. Please contact us for a meeting with a marketing specialist.

dsgde011409

Leave your response!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.