The Branding Series: 5 reasons why branding is so important today
Single Malt’s marketing executive, Kate, has been looking at the reasons why branding is so important for your business in 2019.
The big question… what is branding?
The common misconception is that branding is just a logo, this is absolutely not the case.
Your brand is the way your customers feel about your business, it is the mental associations and symbolic meaning and loyalty towards your offering.
Having a strong brand is more important than ever, and here is why…
BRANDING HELPS YOU STAND OUT FROM THE CROWD
Back in the late 19th century – early 20th century, when modern branding started to evolve, there was less competition for your products to compete with. Today, the amount of products in the market is overwhelmingly abundant, therefore, just having a good quality product is not enough. You need a brand as a badge of distinction, to help you stand out from the crowd.
BRANDING HELPS CREATE A STRONG RELATIONSHIP WITH YOUR CUSTOMERS
We define ourselves through the brands we consume, so your brand image needs to represent how your target audience wants to be viewed by the world. It needs to represent your customer’s ideas and values so they can use your brand to express themselves.
Mastering this will create a long-lasting relationship with your customers.
BRANDING BUILDS TRUST
People will feel more comfortable parting with their hard earned cash if your business appears professional, polished and credible.
BRANDING PROVIDES DIRECTION FOR YOUR TEAM
Branding can increase levels of motivation and provide direction for your team, as it helps them fully understand your purpose as a business and gives them something to work towards.
BRANDING PROVIDES FAMILIARITY AND CONNECTION
People like what they know. Creating a recognisable brand will create a sense of familiarity towards your organisation. A powerful and recognisable brand will generate loyalty and also generate more customers through the most powerful form of advertising, word of mouth.
A strong brand needs to be memorable, professional and it needs to represent your customer’s values.
In mastering this, your organisation will stand out in today’s saturated marketplace, your brand will generate trust, and a strong relationship with your customers and provide direction for your team.
DO YOU WANT TO BRING YOUR BRAND TO LIFE?
If you are ready to develop your brand and want to see results, we are only a phone call away. We’d love to hear from you, let’s get together, chat it through and see how we can help you.