BRANDIN EU Branding Handbook for SMEs | Page 12

II.3. BRAND BUILDING, BRANDING PROCESS Brand building is a way of defining your business to yourself, your team and your external audiences. It could be called the business’ “identity”, but only on the understanding that it embodies the core of what the business is and its values, not just what it looks and sounds like. The benefit and purpose of it: When customers connect emotively — because they share the same values and beliefs of a brand — it leads to higher sales and better brand differentiation. It also leads to loyalty, advocacy and can even protect your price in times when competitors rely on promotional discounts to drive sales. Brand is more than a logo, a name or slogan — it’s the entire experience your prospects and customers have with your company, product or service. STEP 1 PREPARE STEP 2 ANALYSE STEP 3 DEFINE Business Objectives Business Analysis Objectives Differentiation Research Brand Analysis Credibility Personality Information Gathering Target Analysis Stakeholders Interviews Competitive Analysis Brand Positioning Statement STEP 4 IMPLEMENT Communication Strategy Internal Internal Communication Communication Tactics Tactics Rick Duncan, brandfixer.ca – …often my work involves strategic planning, so I developed the “brand development process” to explain how it works. Not every company goes through the entire process, but it is a methodology to ensure there is discipline to the thinking. GROW WHO YOU ARE 4. Build our business by expanding into adjacent markets or categories that aling with our brand strategy. 10 Creative Development Measurement KNOW WHO YOU ARE Your brand strategy defines what you stand for, a promise you make, and the personality you convey. And while it includes your logo, color palette and slogan, those are only creative elements that convey your brand. Instead, your brand lives in every day-to-day interaction you have with your market: • The images you convey • The messages you deliver on your website, proposals and campaigns • The way your employees interact with customers • A customer’s opinion of you versus your competition STEP 5 CREATE Brand development is an on-going evolution, not a static exercise SHOW WHO YOU ARE 1. Fully understand what our brand stands for and what makes our business different from and better than the competition. BE WHO YOU ARE 2. Consistently articulate our brand (verbally & visually) at every point of customer contact. 3. Find out where our customers get information about our categories and actively engage with them in as many of those places as possible. Tom McCall mc2branding.com – “Like so many elements of marketing, the process of developing and articulating a differentiated brand is an ongoing one. Done right, it’s a continual cycle of discovery, definition, communication, and evolution.” 11