Saturday, July 29, 2017

Signing up for success: Brand planning for new businesses

A powerful brand strategy can invigorate the reception of any product or service. Big and successful companies have already unraveled the secrets of effective branding. They also have the resources to continually spend on various strategic marketing plans that would sustain further consumer acquisition and the profitability of a campaign. A small business, though, must reflect on a number of things to make sure funds are properly allocated. 

Image source: pxhere.com

Any startup should eventually invest in marketing. In the meantime, there are several avenues, with minimal or no disbursement necessary, that can help a new business prevent the depletion of finances while focusing on quality assurance and development of the product. 

The logo represents the business in many ways. It is one of the basic foundations of a strong branding and can be an important determiner of the outcome of any endeavor. One must look for talented artists who are also at the beginning of the race and, most probably, won’t charge you exorbitant fees for creating it. 

Once the logo is finished, one can think of a tagline that sums up the essence of the brand. Social media can provide an owner the channels for communicating that essence. Depending on one’s existing online presence and his knowledge of the social networking sites, this can pose a learning curve. The nature of the message and the target addressee need to be matched with the right social media platform to make the best use of each site’s distinct flavor. 

Although social media can help convince the consumer base of the reliability of the product or service, and that a consistent online presence is a guarantee of the owner’s commitment to providing support, one must grab other opportunities for exposure. Getting involved in local communities especially those with which one already has existing ties might increase the chances of growth for the business. Sharing one’s knowledge with other people in hosted local events might be a worthwhile use of the time and an occasion to engage with both online and offline sbases. 

Image source: pxhere.com

Dougherty Marketing offers entrepreneurial training and education and has been helping people create other opportunities for success outside employment. Read about its inspired work here.

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