Four Simple Questions to Assess Your Brand-ability
by Kim Castle
Branding is one hot topic, although it is wildly misunderstood. To make things even more confusing, branding is often tossed in the same basket as marketing which makes its application to an entrepreneur or sole-practitioner even more unclear.
While speaking on branding, the question that I hear most is "How do I know if my business or service is brand material?" With businesses opening left and right, and more and more of them closing each year, I'm glad there are smart business owners who are open to understanding the issue.
If you've found yourself asking the same thing, don't worry, you're not alone. Perhaps this can shed some light.
At a recent luncheon, the same question came up again in a different way. I was seated next to an attorney whose sole practice focuses on elder abuse cases. He asked me in rapid succession (a manner that showed me he'd be great in court):
"Isn't branding for businesses that make a lot of stuff?"
"Doesn't branding apply only if you want to sell a lot of stuff?"
"Isn't branding pointless for my kind of business?"
Smiling, I fired back, "Yes, yes, and...no."
Yes, branding is most often associated with businesses that make a lot of stuff. Yes, branding is advantageous if you want to sell a lot of stuff. No, branding is not pointless because every business makes something (or offers a service) and wants to sell it.
Branding is about making your product or service known to as many potential customers as possible, consistently, with the most effective use of your time and money. Branding is about repeat business. Branding is about effortless referrals. Wouldn't that be a benefit to ANY business, especially yours?
To help you gain more brand-worthy clarity, ask yourself the following questions:
1. Am I really passionate about what I am doing with my business, service or product?
And I mean REALLY passionate! If not, is there something more you can be doing to turn your passion switch on? It takes an amazing amount of energy and persistence to make a business take hold in the customer's mind. With more and more businesses competing for headspace, it's imperative that you set yourself apart. If you are not cooking with the fuel that passion gives you, you're missing out on a very crucial element that could mean the difference between thriving and closing.
2. Do I have a big vision of my business, service or product?
Do you dream of reaching lots of customers in different ways with your product or service? Do you see a way to deliver your product or service to an increasing amount of people with less and less effort? Did you create a mindset or special approach in your field that can be delivered in a variety of mediums, i.e., speaking, books, audio CDs, consulting, etc? Do you envision moving beyond an hour-for-hour method of providing your service? All of these support a big vision. When approaching your brand, not only do we begin from the inside out, we create it from the perspective of where you will be in five years as if it is now. Small vision does just that, keeps you small. The choice is always yours.
3. Is my product or service a real benefit to lots of customers?
It's important that you answer this one as honestly and openly as possible. I was very passionate and had a huge vision for a career as a mime! (Yes, you read that correctly... a mime.) However, no amount of passion and vision would make people buy it on a large scale. Thanks to Marcel Marceau, the mime card had been played out. You may find that being truthful with your answers will lead to branding even better products and services.
4. Am I prepared to acquire the knowledge or surround myself with a team to accomplish the business success that developing my business as a brand delivers?
The plus side of being an entrepreneur is that you may wear many hats in your business. The negative side is that you feel like you must! The truth is, you don't! You're an expert in your field and you need to honor that expertise by supporting it with a variety of other skill sets to make your indelible mark– logo design, copywriting, website design, your marketing plan creation and execution, as well as others. The important thing is that you realize...you're in command because it's your ship! And being a commander takes knowing where you want to go, gathering the maps to make the journey, and assembling the crew to make it happen.
If your answers to these questions are yes, then you have the makings to develop your business as a brand. You just need the knowledge and practice to do so. If you're shaky on some of the questions, find out why. Even if you never develop your business as a brand, solid yeses to these simple questions will only make your business more successful and more enjoyable. After all, isn't that we all want?
© Castle Montone, Limited All Rights Reserved.
So are you brand worthy?
Yes, I am! Nope, not yet...