Every time you ask for a Kleenex instead of a tissue or order a Coke instead
of a cola, you're demonstrating the power of branding. While advertising and
marketing create awareness about your product or service, branding builds an
emotional connection between consumers and your company.
This emotional connection can be one of the most valuable assets you build.
It creates a market that believes in your product, zealots who'll tell others
about it and customers who'll be loyal to your product as long as you continue
to deliver on your brand promise.
So how do you build a powerful brand? There are countless books and seminars
on the topic, but here's a quick primer of some of the essential building
blocks.
Go beyond the surface. Yes, a creative, professional-looking logo,
website and sales materials are important, but by themselves, they don't create
your brand. They create a look people will associate with your brand. A
successful brand must connect on a deeper, more emotional level to create
long-term loyalty.
Become your company or product's brand. For many businesses, the
entrepreneur should be linked to her brand to create a connection with her
audience. Martha Stewart was a pioneer in this strategy, linking herself and her
lifestyle to the promise of her products. Martha Stewart succeeded by
establishing herself as the "living well" expert, with the knowledge to teach
others and the ability to persuade them to aspire to her high standards. To do
this, you must create a compelling reason why you're the go-to expert in your
field. Strategies include publishing articles and books, hosting seminars or
speaking at community groups, and positioning yourself as the expert the media
should turn to for insights or comments.
Create a sense of belonging. Many consumers--especially women--need to
feel that they belong. Jeanne Bice, founder of The Quacker Factory, successfully
caters to that need. She sells her line of clothing on QVC and has created a
community with fun rituals that foster a sense of belonging. She has hosted
Quacker Cruises where she and her customers vacation together, and she suggests
that women quack when they recognize another woman wearing her sweaters. Other
examples of brands that foster a positive sense of belonging are Apple Computer
Inc., The Body Shop, Harley-Davidson and Mini Cooper.
Have a social conscience. Studies have shown that all other factors
being equal, consumers--especially female and college-age consumers--will choose
the product they perceive to be more socially responsible. And rather than just
sponsoring a community event or donating products to charity, consider building
a social component into your brand. Once again, The Body Shop is a good example.
By weaving an environmentally conscious approach into everything the company did
from the very beginning in 1976, The Body Shop was one of the first companies to
build itself on the tenets of social responsibility. Other well-known brands
perceived to be socially responsible include Ben & Jerry's, Burt's Bees and
Starbucks.
Create demand for your product or service indirectly. While
advertising can help build awareness, it won't build a strong brand connection
on its own. Editorial placements in magazines, newspapers or TV shows can
provide a third-party endorsement that gives your brand credibility. And
guerilla marketing strategies--like word-of-mouth and experiential marketing,
which allows consumers to engage and interact with your brand--can be invaluable
when it comes to building brand personality and a connection with your market.
Tamara Monosoff is the Founder of Mom Inventors Inc., a dynamic company with two core elements: consumer products with the highly recognized Mom Invented brand and an online community of support mominventors.com providing information, interaction and inspiration for women entrepreneurs. Tamara is also the best-selling author of The Mom Inventors Handbook and Secrets of Millionaire Moms.