Use these 7 strategies to make your brand sustainable.
By: Lynn Parker | 07/15/2009
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URL:
http://www.womenentrepreneur.com/2009/07/build-your-brand-for-longevity.html
HTML clipboardIt's a useful exercise to anthropomorphize. So close your eyes (before
reading any further) and envision your company's brand as a living, breathing
thing. Got the picture in your mind?
I hope you see a unique being with its own character, personality, purpose
and behaviors. And like any living thing, it must be cared for to reach its
potential and be a sustainable brand. Here are best practices to grow and tend
your brand for longevity:
- Strategize. As we move in sophistication from thinking about brands as
logos to brands as experiences, you must use your brand promise to drive
business planning. This means that the most important question you can ask
is, "What should we do this year to increase our brand value difference in
the market?" Your brand must be your primary strategy driver, not just
something you communicate. You must be committed to your brand's value over
time and invest in actions that deliver more of your brand promise to the
market. So if your brand is about being the best partner, for example,
dedicate a portion of your annual planning process to shoring up current
partnerships and identifying ways you can be a better partner at all levels.
- Consistify. OK, I made up that word. But the idea still applies: Make
sure your visual and verbal brand speaks with one voice, and that your
customer touchpoints all deliver on your key value. It's good practice to
put all your customer-facing materials on a table and see if you get one
message or many.
- Update. Sparingly. It's OK to refresh your look and feel. You can come
out with new ad campaigns. Just make sure that the heart of your brand--its
DNA--doesn't change over time. What you can change is the additional ways
you demonstrate your brand in your actions, products, programs and
communications. Change how you say it, not what you say.
- Get it out there. You can't secure customer preference, loyalty or
commitment levels of engagement for your brand without the first step:
awareness. Look for low- or no-cost ways to get your brand in front of
prospects. As Chinese philosopher Lao Tzu put it, "A journey of a thousand
miles begins with a single step."
- Localize. If your brand shows up in different countries or regions, make
sure 70 percent of your brand's value, meaning and personality stays
consistent, while you change 30 percent of it to match the specific culture.
Check out Apple's ads in Japan, the United Kingdom and the U.S. on YouTube
if you want to see a master of the art of localization.
- Contextualize. Look for places and times for your brand to show up where
its value will be most appreciated. For example, airports are a desirable
demographic for Wi-Fi networks There's a captive audience of passengers who
are stuck there and bored.
- Benchmark. Ideally, you should measure the strength and content of your
brand yearly, so you know what pieces need shoring up and what you're doing
well. You can do this via a web-based survey. (For a sample of a brand
report card,
click
here.) For example, if your brand is predicated on innovation, and your
innovative scores dip, then you know a key foundational part of your brand
needs more attention.
Brands are not static--they change through time. The
key is knowing what should be updated and what needs to stay consistent so
that your value grows. Managing your brand through time will make it
sustainable.