5 Ways a Well-Built Brand Makes Your Company Money

  1. When you’ve built a brand, it makes it easier for your target audiences to notice you and recognize you. Amidst all the loud marketing, a strong brand allows a customer to clearly see what your business is and why your offerings matter to them. This makes it more compelling and more likely they will patronize your business.
  2. Branding sets the groundwork for customer loyalty. They aren’t merely interested in a product or experience, they believe in your brand and all that you have to offer – and will continue to return time and time again. They are also likely to become your brand evangelists.
  3. When a customer loves a brand, they are often willing to pay more to be a part of that “brand identity” than an alternative brand. Many people rush to attain the newest iPhone, when the one they have is still quite functional, while other brands may offer products with similar or even better features. This is what it means to create affinity branding.
  4. A good brand protects what you have, and helps you grow. Patents will expire, technology will change, similar offerings will appear — but, solid branding occupies emotional territory in your customer’s mind that can’t be replicated by competitors.
  5. A well-built brand guides future business decisions and strategies. When you know exactly who you are, and why customers turn to you, you can keep your brand on track and moving forward. You can easily see where your business can potentially grow without alienating your audiences. Harley-Davidson once tried to sell perfume. Needless to say, people were confused and sales were dismal. Their customers wanted the motorcycle lifestyle only Harley-Davidson represents. There’s nothing flowery about a screamin’ eagle.
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What is Brand Consistency and Why is it Important?

Brand consistency means always delivering messages aligned with the core brand values in the same tone, presenting the brand’s visual language in a consistent way, and repeating the same colors throughout the cohesive brand experience. Over time, these elements become ingrained in the minds of consumers, and they’re more likely to remember your brand. Brand…

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How Dunkin’ Successfully Rebranded in 2019

The history of Dunkin’ began with a restaurant called “Open Kettle” in Massachusetts, in 1948. Founder William Rosenberg served donuts for five cents and premium cups of coffee for ten cents. Rosenberg renamed his restaurant “Dunkin’ Donuts” in 1950, and franchised his brand in 1955. Since 1950, the number of Dunkin’ restaurants has increased to…

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How Good Branding Saves Your Company Money

Many businesses make the mistake of throwing money at marketing without thinking enough about their brand, as a whole. Paid media campaigns might garner attention, but they can’t necessarily retain it and convert as many customers without solid branding. A company with a consistent, strong perception amongst audiences will always outperform competitors with the same…

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Why Colors Matter

When choosing colors for your brand, there is a lot to consider. Certain colors are often associated with certain traits or even expectations the public may have as it relates to what your organization offers. These associations can bridge the gap between your branding materials and target audiences. Just because your favorite color is fluorescent…

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Avoid These 6 Branding Mistakes

Not getting the logo right. Designing a logo yourself (just for now) may seem like a good idea, at first. But, changing a logo mid-stream can be complicated. If you aren’t widely recognized, you could lose what brand equity you may have already established. If you are, you could confuse, alienate and ultimately lose your…

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Comical Global Branding Fails

Even the biggest brands can make mistakes when bringing their brand to new markets. A company should always carefully research and identify any cultural differences, or language translations, when expanding their business. You want to catch any possible missteps before they happen. Here are some epic fails for a good laugh. Coca-Cola When first launched…

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What is Branding?

Branding is all of the ways you establish an image of your company in your customers’ eyes and minds. It’s your “what”, your “how”, and your “why”. Your description of what you offer, the colors associated with your business, your visual identity, your website, your advertising, your collateral and your social media presence—these are all…

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6 Benefits of Choosing a Local Agency

A local agency will understand the local market. Remember those global branding fails? The large corporations launching those campaigns did not understand the market they were advertising to. When working with a local agency, you won’t have any time zone differences to worry about. Everyone is on the same page, the same schedule! A local…