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
If you’re looking to create a fresh, modern design that’s still simple and flexible, check out this kit. The beauty of this kit lies in how incredibly simple it is – simple palette, simple font selection, simple design elements. With a fresh but professional palette, a strong sense of alignment and a clean design, this kit is ready to go for any of your professional business needs.
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.
Also, make sure that your blog design can accommodate a good mix of text and visuals. This means that the blog should be explaining the issues with visuals such as images, videos and infographics wherever required. Such an interesting and engaging mix of content will attract more potential customers to your blog. This builds trust for your business, which is an effective brand building exercise. Get more information on how to start blogging here.
For instance, you produce equipment of machines, you are doing a business-to-business space. It requires a different approach than business-to-consumer marketing because there several more steps involved in it. You need to find out the decision makers and find out ways to persuade them to business with you. to do this, you need to build a relationship with them by providing superlative services.
Consider your partner’s audience. Would it be interested in your brand? Is it that difficult for you to reach without this partnership? How well does it trust your co-brand? That’s crucial to getting them to listen to you, too -- people don’t trust traditional advertisements anymore. So make sure your partner reaches the audience in a way that instills confidence, not doubt.
Diversification is the riskiest area for a business. This is where a new product is sold to a new market. There are two type of Diversification; horizontal and vertical. 'Horizontal diversification focuses more on product(s) where the business is knowledgeable, whereas vertical diversification focuses more on the introduction of new product into new markets, where the business could have less knowledge of the new market.
An effective brand strategy gives you a major edge in increasingly competitive markets. But what exactly does "branding" mean? Simply put, your brand is your promise to your customer. It tells them what they can expect from your products and services, and it differentiates your offering from that of your competitors. Your brand is derived from who you are, who you want to be and who people perceive you to be. How to create a great brand name | Jonathan Bell