In the resource-based view, strategists select the strategy or competitive position that best exploits the internal resources and capabilities relative to external opportunities. Given that strategic resources represent a complex network of inter-related assets and capabilities, organisations can adopt many possible competitive positions. Although scholars debate the precise categories of competitive positions that are used, there is general agreement, within the literature, that the resource-based view is much more flexible than Porter's prescriptive approach to strategy formulation.
Think of your audience not as a large group without a face, but rather an individual you’d sit down for cup of tea with. Now, when writing your blog posts, or reaching out on social media to announce your next product line, think about that person. What do they want from you? What kind of incentives can you provide? Do they want to hang out with you? It’s always good to create a brand where people want to hang.
I can’t tell from your post what things you’ve NOT done, but I imagine you’ve done quite a bit of Nick’s list. As a caveat to others who may be reading this as a small business owner, I’d say that because brand is so integrated in everything you do, if you DON’T pay attention to the brand you WON’T see the sales. In other words, you can’t afford to ignore the brand. For start-ups, that means planning for non-revenue generating work – brand development – before you start seeing sales. We call those investments “table stakes” because it’s what you have to do just to establish your brand, even before the first sale is made. If we could get sales without managing the brand, there’d be no reason to manage the brand. How To Advertise For A Small Business
Those who follow after the Close Followers are known as the Late Entrants. While being a Late Entrant can seem very daunting, there are some perks to being a latecomer. For example, Late Entrants have the ability to learn from those who are already in the market or have previously entered.[98] Late Followers have the advantage of learning from their early competitors and improving the benefits or reducing the total costs. This allows them to create a strategy that could essentially mean gaining market share and most importantly, staying in the market. In addition to this, markets evolve, leading to consumers wanting improvements and advancements on products.[99] Late Followers have the advantage of catching the shifts in customer needs and wants towards the products.[92] When bearing in mind customer preference, customer value has a significant influence. Customer value means taking into account the investment of customers as well as the brand or product.[100] It is created through the “perceptions of benefits” and the “total cost of ownership”.[100] On the other hand, if the needs and wants of consumers have only slightly altered, Late Followers could have a cost advantage over early entrants due to the use of product imitation.[95] However, if a business is switching markets, this could take the cost advantage away due to the expense of changing markets for the business. Late Entry into a market does not necessarily mean there is a disadvantage when it comes to market share, it depends on how the marketing mix is adopted and the performance of the business.[101] If the marketing mix is not used correctly – despite the entrant time – the business will gain little to no advantages, potentially missing out on a significant opportunity.
Whether it's a print ad design, mass customization, or a social media campaign, a marketing asset can be judged based on how effectively it communicates a company's core value proposition. Market research can be helpful in charting the efficacy of a given campaign and can help identify untapped audiences, in order to achieve bottom-line goals and increase sales.

Jemma Jones, department manager of marketing communications at Honda Motor Europe Ltd, thinks concise, consistent communication is the cornerstone of effective brand-building but says it’s surprising how many small business owners overlook this: “It might seem obvious, but ask yourself who you’re providing a service for and what the key messages are that you want to convey.”
Know your products. Spend time articulating the benefits of your products in addition to the features. How will they make a difference in someone's life? Why does that matter to your customers? The most effective marketing speaks to the emotions of consumers, and that connection is created when you can articulate the benefit your business provides. What is a brand?
This book will help you fashion a brand that is fresh and new. By shifting the focus from products to people, this book will help you create the “feel” you want to convey with your brand. Furthering its reputation as a current and modern resource is the fact that it’s the first marketing book that examines the influence of the LGBTQ community on several brands. A Complete 2020 Marketing Strategy That Requires No Budget | Digital Agency Expo Keynote

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
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