Business Branding
Side-Step The Big Business Branding Techniques That’ll Leave You Broke And Disappointed And Discover Cost-Effective Branding Strategies That Small And Home-Based Businesses Can Start Using Today
From the e-mail
I’ve been receiving lately, it’s clear there is a lot of confusion
surrounding the topic of online branding. Nike, Coke-Cola, Budweiser,
McDonalds, Levi’s, Amazon.com... these are the branding masters.
Now the question
is, how can you model their success?
These days,
online branding is being preached as one of the big "Do or
Die" marketing strategies. So everyone wants to brand their
e-business -- but no one is exactly sure what branding is, how
it’s done, or where to start.
What is branding,
anyway?
Branding is
about building a compelling association between (a) your
company, your logo, your products, etc., and (b) an image, an
emotion, or a memorable message that embodies -- implicitly or
explicitly -- the biggest benefit you have to offer your
customers.
Effective
branding creates the kind of fierce product loyalty that
leaves customers indifferent to the marketing tactics of the competition.
It’s what compels you to walk past all of those no-name-brand
on-sale colas at the local grocery store and pick up the 6-pack
of Coca-Cola that costs three times more. It’s what makes children
plead and beg to go back to McDonalds again and again. And it’s
what has made the phrase "Just Do It" synonymous with
Nike.
Say "Amazon.com,"
and people think of "The Earth’s Biggest Bookstore."
Go to Burger King because you can "Have It Your Way."
Buy Energizer batteries because they "Just keep going, and
going, and going." And "When you care enough to send
the very best," send a Hallmark card.
But the slogans
and taglines are only part of it. Think of the Hallmark commercials.
These tearjerker mini-dramas are built around love and family
values, ending with someone showing they "care enough"
by giving a loved-one a Hallmark card. They evoke strong emotions
that drive their slogan home.
And think
about the Nike logo -- the "Swoosh" that represents
the wing of the Greek goddess Nike, the personification of victory.
While it’s probably safe to say that the majority of people are
unaware of its mythological significance, their logo holds
just as much meaning as their name.
It’s all very
impressive, right? Well... yes. But before you jump on
the bandwagon, let’s take a realistic look at the "big branding
picture" to see where your small or home-based e-business
fits into this.
First, let’s
debunk the three major branding myths I frequently encounter...
MYTH
#1
I
need to make my company or product a household name.
TRUTH:
You’ll be most successful and most profitable if you closely
target your market! Focus on getting your business name
and your advertising in front of your best potential customers
-- the people who have an expressed interest in what you’re
offering -- as opposed to everyone!
MYTH
#2:
Branding
my business online means buying thousands of dollars worth of
high-visibility banner impressions.
TRUTH:
Banner advertising just isn't as profitable as it once was.
Ads that once pulled 5 to 10% click-throughs are now lucky to
pull 0.6 to 0.8%, if even that. You’ll be far more successful
if you focus your limited advertising dollars on more performance-based
advertising. Pay for customers... not overpriced, unproven advertising.
MYTH
#3:
I’ll
need to spend a lot of money if I want to gain brand recognition.
TRUTH:
There are plenty of free and low-cost techniques that you can
use to brand your e-business.
If you’re
a small or home-based business then, chances are, you don’t have
the millions of advertising dollars it takes to build a nationally
recognized brand and make your company a household name -- at
least not yet!
So let’s skip
the high-priced large corporate branding techniques that I’m
seeing pushed everywhere I look -- after all, these strategies
simply don’t translate to e-businesses with limited advertising
budgets -- and instead, let me give you some practical information...
Cost-Effective
Branding Techniques That You Can Start Using Today:
1) Develop
A Strong Unique Selling Proposition (USP)
Imagine yourself
sitting across the table from your best potential customer. In
one sentence -- one very short sentence -- clearly communicate
how he or she will benefit from doing business with you. Your
message should be clear, the language simple, and it should be
easy to remember. There’s no room for wordy corporate mumbo jumbo
here.
I know this
is a pretty tall order... but your hours of agonizing, writing,
brainstorming, and rewriting will pay off in the end. This will
be the message that your market will identify you by and associate
you with.
2) Target
Your Market
The beauty
of running an online business is that you can reach literally
hundreds of thousands of targeted potential customers all over
the world -- people who want to buy what you’re selling -- for
little or no cost. It’s what has made it possible for small and
home-based business owners like you to take the Internet by storm
and make outrageous profits with very limited advertising budgets.
Why would
you turn a blind eye to this critical advantage by spreading
your limited advertising dollars across the entire web -- trying
to sell your product to everyone -- instead of focusing on those
people who want to buy from you?
It just
doesn’t make sense.
So I know
I’ve already mentioned this, but it’s worth saying again. It’s
absolutely critical that you target your market.
3) Whenever
Possible, Make Your Message Interactive
If you can
compel people to actively engage your marketing message rather
than passively hear or view it, you’ll dramatically increase the
probability that they’re going to absorb it, remember it, and
repeat it.
One of the
best ways to make your marketing message interactive is through
viral marketing. To read a previous Marketing Tips article that
explains exactly what you can do to make your marketing message
viral, click
here now.
4) Be
Consistent In Voice, Format, And Delivery
In order to
engrave your brand in the minds of your target market, you need
to consistently repeat your message to them...
- Design
a signature file that contains your message and attach it
to the end of every e-mail you send. It costs you nothing and
it’s an easy, effective way to repeat your message to those
people you have direct contact with -- your best potential
and repeat customers!
- Your web
site design, logos, and graphics should, if possible, visually
emphasize and reinforce your message. Check out McDonalds'
web site at http://www.mcdonalds.com
Does that yellow and red look familiar? Think about how you
can similarly use your web site design to further impress your
brand in the memory of your visitors.
- Your newsletter
content and your web site content should all ultimately
contribute to your marketing message. There is no room for
distractions like articles or links that don’t move you towards
your main goal (to sell your product, remember?).
5) Nurture
Existing Relationships With Customers And Subscribers
If they already
know you, if they’re already familiar with who you are and what
you do, if they’ve already bought something from you, then you
should be building on these existing relationships. Maintain
regular contact via e-mail (it’s free!), and consistently
remind them who you are, what you do, and most importantly, how
they stand to benefit from continuing to do business with you.
If you play
your cards right, not only will you profit from their repeat
business, you may also persuade them to "spread the good
word" to others with similar interests.
6) Be
Visible To Your Best Potential Customers
A big part
of branding is obviously about getting your name in front of your
best potential customers, so that when the time comes for them
to buy, they’ll choose you over the competition! Here
are a few powerful ways that you can do this...
- Write
articles that contain information that will be of interest
to your target market and then offer them to industry newsletters
and web sites free of charge. Web masters and editors will
appreciate the free, quality content, and you’ll get your name
and URL in front of your target market.
- Participate
in newsgroups and discussion forums where your target market
hangs out. This is an easy, no-cost way to develop your reputation
as an industry expert. Simply make yourself available to answer
questions and provide participants with information that they
will value.
- Submit
your web site to the search engines and directories. Also
be sure to search for directories that are geared towards your
industry and request a listing.
- Request
links from sites where your target market meets. This is
not only a great way to increase your visibility, it’s also
an extremely powerful way to attract large volumes of highly
targeted traffic -- yet it’s frequently dismissed or overlooked!
- Use
banner advertising -- in moderation! With well-designed
banners and a targeted ad campaign, you can make money
with banner advertising. Just be sure to educate yourself on
the latest, most cutting-edge banner techniques before getting
started. To read an article on designing effective banners
that really work, click
here now.
- Start
your own Affiliate Program. With your own Affiliate Program,
you can enlist an army of affiliates who will spread your name
and your marketing message across the web -- and you don’t pay
them a cent until they make a sale. To read an article on how
you can start and profit from your very own Affiliate Program,
click
here now.
Don’t
Lose Sight Of Your Ultimate Goal:
With branding
being hyped as one of the marketing strategies to pursue
right now, I worry that some of you may be steered off-track.
While it’s a good idea to be aware of and actively direct how
your e-business is being branded, remember that there is a
key difference between creating awareness and actually closing
sales.
Given the
innumerable marketing strategies that you can use to simultaneously
create brand awareness AND draw targeted traffic to your web site,
there is no reason for you to be spending your limited advertising
dollars on branding techniques that don’t return a significant
profit.
Avoid being
sucked in by the myth that the entire web needs to know who you
are. Focus on your target market and realize that most forms
of traffic generation ultimately enhance awareness of your brand.
You
are spelling out your brand message, directly and indirectly,
with everything that you do, say, and sell.
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