Wednesday, June 14, 2006

Brand Identity is a Good Investment

Why invest in your business's brand identity? For the same reason you invest in the maintenance and upkeep of your home - you're building your equity.

Every year, thousands of people decide to set up their own business. Reasons for doing so often include an invention, a new product or service, or an original idea or solution to an everyday problem. It might also be to fill a gap that is discovered in the market or a business related to the work an individual already does, or possibly an interest or hobby that the owner turned into a business.

Whatever your own reason, the idea of investing in one's brand identity gives a business a chance to succeed and grow wealth.


Implementing a brand strategy can transform a company by helping it reach new customers and make it easy for the customer to buy its products or services.

Customers could be anyone from an individual purchasing a pair of shoes to a family investing in a backyard.

A compelling brand identity enables you to present your company, products or services anywhere with an immediately recognizable, distinctive professional image that positions you for success, no matter your size. Using a well-defined brand identity will also help you establish a requisite perception by a specific group of clientele. It can also help differentiate your business in a positive sense, giving you a competitive advantage over your competitors.

Implementing a good brand-identity strategy will also make it easier for the sales force to sell. Size of your business is not important. Strategic brand identity works across a host of diverse audiences and cultures building awareness and understanding of your business and its product or service strengths.

As mentioned above, our goal should be to build brand equity. Doing so, we increase our business's value.

A brand is our reputation and is considered to be one of our business's most valuable assets. This is important for small businesses and not-for-profit organizations. The future of the business depends on building customer awareness, protecting a solid reputation for fairness, quality and delivery of a product or service that satisfies the customer's current and future needs and wants.

A strong and growing brand identity will help build brand equity through increased forms of recognition, awareness and customer loyalty. This in turn will give our business the success it needs.

Business owners who seize every available opportunity to communicate their company's brand value and what their brand stands for will reap considerable benefit and financial reward. This translates into building brand equity.

Regardless of what kind of business you have, here are a few considerations for building an effective brand identity: your brand needs to be bold, memorable and appropriate for the market; be immediately recognizable and provide a clear, consistent image throughout your company; communicate the company's persona and legally protect your brand logo or tagline; and finally, establish and build on an enduring value proposition that addresses your customers' current and future point of relevance.

| Brand Identity is a Good Investment