How important is branding for my company?

When people think of branding, they often associate it with having a great logo or a memorable name. But branding goes far beyond the visual aspects of your business. So what exactly is a brand?

The short answer is: everything.

Your brand includes things such as the look and feel of your website, your customer service and how you engage on social media. It represents every single aspect of your business. Your company’s branding will influence what people think about your business and whether they perceive your brand as being reliable, fun, modern, attractive, cutting edge etc.

Beyond just having a memorable logo, good branding increases the value of your company. For larger organisations it provides employees with a purpose and direction. When done correctly it can make getting new customers easier. When all of these parts of the business are working well, the overall brand tends to be in a good position.

After formalising a company, anyone serious about their new business will set themselves the tasks of:

• getting a logo designed
• organising business cards/stationary to be designed and printed
• getting a website built
• creating company pages on social media platforms

Now whilst these are all essential and worthwhile jobs has thought gone into how the branding of the company fits in? Is it being done in the right way?
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Let’s take a look at how the brand impacts your business:

Recognition
It’s not surprising that the first thing people associate with branding is the logo; as it’s the first component that people tend to see. Logo design is critical because that simple graphic or icon will be on everything that you do. A professional logo design should be created so that it is simple enough to be remembered - but it must also convey the desired impression of your company.

A professional appearance builds credibility and trust. People are more likely to purchase from a business that appears professional and polished, rather than something that looks ‘cobbled together’ or done on a very tight budget. Getting this step wrong could seriously impact the success of your business. Once you have established a (bad) reputation, it’s hard to change it.

Positive recognition is essential because it develops a good relationship between your business and your customers.

Trust and Confidence
People are more likely to buy again from a company when their first experience was good, or when someone has recommended them. Through their own experience they too build confidence and trust with you and your products or services. Once you start to be recognised, you begin to distinguish yourself from your competitors.  Strong brands can feel like an extension of you. Just think of the products you buy that you just wouldn’t buy from any other brand.
 
Loyalty
A strong brand, with a professional structure behind it, will begin to build loyalty. Once all the aforementioned factors are working in harmony, you are likely to have a customer base that will keep coming back for more.
 
Advertising
Advertising is another component of your brand strategy. It is essential for your business to bring customers to you and communicate to the world what your business offers. If it resonates with your would-be customer, then your brand will draw them to your business.

It is important to have thought through what you want to advertise, how you want to advertise and where and when you want to advertise. Not thinking through your message and tactics properly may not achieve the desired effect that you want. If done badly, it could lose you money and damage your brand.

New Customers
Branding enables your company to get referral business from those that are now loyal to you. This is where all companies want to be, as it is the most profitable advertising source. Word-of-mouth referrals are only possible where you have built a solid reputation on delivering a great product or service.

Let customers engage with your brand
Being on social media will allow customers the opportunity to engage directly with your brand. You can do this by simply creating a hashtag for your business, which should feature in every post you publish. This will help people remember the brand if they see this in every post.

Branding motivates employees
Many people choose the companies they want to work for because they are aligned with their ethos and practices. People often aren’t simply looking for work, but looking for their ideal employer. When employees understand your mission and reason for being, they are more likely to feel that same pride and passion and will align their attitude with the company’s.

Take the time to invest in your brand
Unfortunately, many businesses don’t prioritise branding and this is a huge mistake. Poor branding impacts your business in many negative ways and can threaten the survival of your company. Your brand is the face of your business. How do you want people to feel about your brand?

Invest the time, energy and resources to develop a brand that you’re proud of. This is not a quick win – good branding takes time and planning. But remember that it’s worth the investment and it will help boost your profits.

If you need advice on branding for your business or are looking for a website design in Essex, then look no further. Call Perfect Layout Digital Marketing on 01708 578 015, email us at [email protected] or complete the contact form below.