When developing your brand identity, think of the brands you can easily identify with a logo or a specific color or shape. Apple. Nike. McDonald's. Google. Patagonia. Target. What do they all have in common? A strong brand identity.
Brand identity is the emotional and visual representation of your brand. It can include a number of elements, such as colors, logos, messaging, and typography, all weaving together to share your brand's promise, personality, and values. It's more than just your product.
Brand identity matters for many reasons:
One of the most valuable parts of brand identity is brand loyalty. Studies show that over 80% of customers want to trust a brand before they buy from it and they want to stay loyal to the brands they already use. They are also twice as likely to advocate for a brand they like. This means that you have one shot to earn customer trust, and if you handle it successfully, your customers can become one of your biggest advertising tools.
To help build a brand identity that customers are invested in, we've put together a few tips that work for local businesses.
When building your brand identity, first draft a clear purpose statement. Your purpose statement should embody the "why" behind your business: Why did you create this product? What problem does your business solve and what benefits do you hope to offer customers? Why should customers be loyal to your brand?
This is an area where small businesses can really shine, as you have more opportunities to connect with your customers in more personal and unique ways. As a local business, you stepped up to fill a need you saw in the community. Consider how that fact affects your purpose and how that encourages customers to support your product.
Once you've considered your company's "why," you can use it to create a clear business motto that is authentic to your brand. If possible, turn it into a tagline that's easy to display and remember.
Knowing your target market is a crucial part of success. If you are advertising to the wrong market, not only do you miss valuable sales opportunities, but you also create confusion and even distaste around your brand. Imagine you're watching a family movie with your young kids, and an ad comes on for a graphic product. The company not only hit the wrong market but, in doing so, created a bad experience for anyone watching. With that small mistake, the company loses credibility, trust, and loyalty.
Defining your target market means collecting details like:
Local brick-and-mortar businesses have the advantage of observing and interacting with the target audience, while online businesses must rely more on data and purchasing patterns.
Once you understand your target market, you have the information needed to assess the biggest competitors in your sales space. Your company's competitors may be online marketplaces or brick-and-mortar stores.
Once you've identified your competition, study their services and products, marketing strategies, and customer reviews. Watch for trends and patterns, weaknesses and strengths, and opportunities you can capitalize on. It's important that you find ways to separate your company from the competition. As a local, small business, you have an opportunity to stand out from larger corporate structures that may have forgotten how to connect with customers individually. Whether you're offering a more advanced product or exemplary services, you need to foster brand loyalty with your customers.
A brand name evokes emotion, builds customer loyalty, and sets you apart from your competitors. When creating your brand's name, consider your core values, unique characteristics, and company mission. If your business is local to an area, create a brand name that reflects the values and interests of your community.
In brand name creation, less is more. Keep it easy to remember and say. Personality is key, so take your time developing a name with a distinct sound and look. Don't limit your brainstorming session. Some of the most unique, memorable brand names come from unexpected inspirations and situations.
A strong logo is paramount for brand identity, as it is typically the first thing customers encounter when learning about your brand.
When designing your logo, consider the following:
Consistency is vital to customer loyalty. If one of every four products you sell is dysfunctional, consumer trust decreases quickly. It's the same when your messaging is inconsistent. Customers also want to know your commitment to your initial values is strong. Smaller businesses must harness this power because, with a smaller customer base, there's a brighter spotlight on how you conduct business in the community.
The philosophies and messages that are key to your business should be present in any marketing materials you create. Your website, social media, advertising campaigns, mailers, and company emails should all have the same message and voice. Building trust through consistent messaging will also build your loyal customer base.
Most small, local businesses start with just a few employees who are committed to the brand and loyal to the product. As that changes and you grow and evolve, your brand will also. You add more employees, reach out to new markets, or offer your product in new places. When doing so, it's important to keep your brand voice consistent. An important and often overlooked part of brand identity is the brand style guide.
A brand style guide, sometimes called a house style guide, is a document that clearly states the guidelines and rules for all of the written and visual communication elements of your brand. While creating a style guide can be a large undertaking in the beginning, it only requires occasional updates once it is created. This document should be a living document that evolves as your brand does.
A brand identity is a fluid concept. It may change over time as your company branches out into new markets. What worked in the beginning may need to be built on to reach new demographics. For help discovering your core values and identity, understanding your audience, identifying what makes you different and unique, and committing to consistency across the board, contact us at TrustSignals Marketing. We'll get you on your way to building a brand identity strategy that translates to real results.