As your company grows, listen to how your customers perceive you. Let that continue to define your brand. Make sure you read every single comment, review,and piece of feedback you get from your customers. If what they are saying doesn’t align with what you think your brand is, maybe it’s time to go back to the homework questions we assigned at the beginning of this blog.
Key Ideas: Each business is unique and that there can be no formula for achieving competitive advantage; firms should adopt a flexible planning and review process that aims to cope with strategic surprises and rapidly developing threats; management's focus is on how to deliver superior customer value; highlights the key role of marketing as the link between customers and the organisation. Daymond John - Branding Your Business
Market leader: The market leader dominates the market by objective measure of market share. Their overall posture is defensive because they have more to lose. Their objectives are to reinforce their prominent position through the use of PR to develop corporate image and to block competitors brand for brand, matching distribution through tactics such as the use of “fighting” brands, pre-emptive strikes, use of regulation to block competitors and even to spread rumours about competitors. Market leaders may adopt unconventional or unexpected approaches to building growth and their tactical responses are likely to include: product proliferation; diversification; multi-branding; erecting barriers to entry; vertical and horizontal integration and corporate acquisitions.
Blogs are good, but they’re just one tool. A blog should not be your sole marketing strategy. You should have a comprehensive multi-touch marketing plan to get your value proposition in front of your target audience. This can take many forms. You can launch a direct mail campaign, email campaign, host a webinar, sponsor a local event, attend a trade show, attend networking events, cold call prospects, win awards, etc… There are a thousand different ways for you to be noticed. You have to find the best combination of methods for your strategic goals. Data shows that people need to be exposed to a brand at least seven times before they buy. If you simply do one touch and stop, you’re wasting valuable budget dollars and probably wondering why your efforts are not successful.
4. How do all the other elements work? Ideally all the elements that visually represent your brand should feel like they are from the same family. From uniforms to signs to logo’s to business cards to the typeface you use on your brochure or website, the colours you use, shapes and the tone of voice for the language you use. Check out http://www.innocent.co.uk for a good example of this.
I like to use Open Site Explorer as a way to check out what my competitors are doing with their SEO. Moz allows you to find out what external links your competitors are getting. This can give you incredibly valuable insight as to what their content strategy is like, or if they even have one in the first place, and potentially where they’re advertising online. How to Turn Your Next Event Into a Branding Blockbuster
We don’t make decisions with our brains, but rather our hearts. We purchase a new home because of the way it makes us feel, imagining the memories we’ll create there, our friends and families chilling on the deck outside. If you do not sell people that emotional motivation behind the product, the service, the brand, you won’t connect to as many buyers. We spend money on things that make us happy. It’s not complicated; it’s human.
Supercharge your brand’s design with this fresh, fun and clean template. This design manages to capture the idea of vitality and energy by simply using a vibrant colour, clean blocks and super simple type. This template is flexible and adaptable to suit your need, perfect for any brand that wants to project some positivity and vibrancy through their designs.
A carefully-cultivated marketing strategy should be fundamentally rooted in a company’s value proposition, which summarizes the competitive advantage a company holds over rival businesses. For example, Walmart is widely known as a discount retailer with “everyday low prices,” whose business operations and marketing efforts revolve around that idea.
Barney stated that for resources to hold potential as sources of sustainable competitive advantage, they should be valuable, rare and imperfectly imitable. A key insight arising from the resource-based view is that not all resources are of equal importance nor possess the potential to become a source of sustainable competitive advantage. The sustainability of any competitive advantage depends on the extent to which resources can be imitated or substituted. Barney and others point out that understanding the causal relationship between the sources of advantage and successful strategies can be very difficult in practice. Barney uses the term "causally ambiguous" which he describes as a situation when "the link between the resources controlled by the firm and the firm's sustained competitive advantage is not understood or understood only very imperfectly." Thus, a great deal of managerial effort must be invested in identifying, understanding and classifying core competencies. In addition, management must invest in organisational learning to develop and maintain key resources and competencies. A Beginner's Guide to Branding Your Business