18 Feb 2008 04:53:16 | Bill Willard
You can have first-rate products and services, but if you can't
establish the need, communicate the benefits and differentiate
yourself from the competition in ways that make people want to
do business with you, you’ll forever be selling up hill.
As Robert Krumroy, Identity Branding, Inc. says: “Branding is
about the customer--who has never met you--being able to answer
the question: ‘Why you?’"
Your "Value Proposition”
Your brand can be based in large part on your “value
proposition,” which is what differentiates you from your direct
and indirect competition—and, if it’s good enough, will draw
people to you.
Your value proposition should be a clear, concise statement of
why your business is unique and a better choice. Your market
positioning, competitive analyses and SWOT analysis (Strengths,
Weaknesses, Opportunities, Threats) gives you everything you’ll
need to develop a value proposition based on your strengths,
your competition, what your “ideal” customer wants from you, and
how this benefits people in your markets.
This message must be delivered to your markets consistently and
repeated frequently. If prospects understand what they need,
trust you and connect emotionally with your message, sales
resistance melts before your eyes. Yes, it’s that powerful!
First Impressions, Last
Short-term, smart professional branding gives you the immediate
recognition, market access and momentum you need to attract
customers and build sales; long-term, it can help increase
market share, foster customer loyalty, sustain your
client-building efforts—and practically guarantee clients will
eagerly refer you to others (“Hey, look what I’m part of! You
should be too!”).
Branding should be part of your annual marketing/advertising
expense budget. The Small-Business Administration advises
entrepreneurs to use 5% of gross sales on advertising, but that
varies depending on sales volume and location.
Everyone Has a Brand
“Everyone has a brand, like it or not,” adds John Melchinger,
The Marketing Coach™. “You have one. It may not be the one you
want and you may not be nurturing it, but it's yours
nevertheless. Not to shape your brand rigorously and nurture it
is to leave it to your public to decide. That is the much less
effective alternative.”
Building Your Brand
The purpose of this exercise is to create a short message people
will remember whenever they think about you. When part of a
coordinated marketing plan, your professional identity brand
will drive customers to your business. You will also need to
give some thought to which medium to use.
Example: This is Joe Financial Advisor’s brand identity. It’s
deceptively simple, yet sends a compelling message to his target
market, Tool
About Author :
Bill Willard has been writing high-impact marketing and sales
training for over 30 years—but as Will Rogers put it: "Even if
you're on the right track, you'll get run over if you just sit
there.”