THE VALUE OF BRAND
Ever wonder how to differentiate yourself or your company in a world where the starting point is excellence? A world where being great at your job, having all the right tools and products - is the commodity-level minimum?
Brand is a key tool to capture the customer mindspace your company needs in a crowded market. Where everyone looks the same, a strong brand tells your customers key things they need to know:
- Who you are
- What you stand for
- What to expect from you and
- That their expectations will be met or surpassed
Your customers need TO BELIEVE – or why should they care?
Brand sets expectations.
When you meet or surpass expectations, brand is the memory hook that gets you the credit. Brand moves you beyond the commodity level to a place of premium value.
- $100 T-shirts? – Versace
- $200 running shoes? – Nike
- $5,000 watch? – TAG
- $15,000 weekend seminars? – Michael Jordan
People don’t pay premium prices for a product. They pay a premium for BRAND VALUE. - They believe.
Use brand to increase corporate profile – introduce yourself to customers before you meet them
Use brand to set expectations high and shorten the sales cycle
Use brand to extend the reach of word of mouth
Use brand to create resonance and leverage advertising and marketing dollars
Use brand to build your own legend
If brand is the conversation people have about your company when you’re not in the room - can you afford to be left out of that conversation? Find out what they’re saying and close the brand gap that could be holding your company back.
If you would like to know how to improve your brand contact the brand specialist Catherine Worral at Ideastream Design.
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