Categories
Branding

The Value of Business Branding

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Business branding is important. It doesn’t matter what the size of the business is, or what it actually does, it can be branded. The thing about brands is that we tend to associate them with the big companies, the ones that become household names we all know and recognize instantly, either because of their name or logo. That is thanks to their branding and their utilizing proper brand asset management to ensure they are delivering a consistent message. I’m certain we would all like that of our own businesses, but it feels considerably out of reach.

The important factor here is your marketing, because if your marketing strategy isn’t incorporating branding then you simply aren’t doing it properly.

If you want to have a successful, branded business then you’re going to have to be willing to push your brand forward at every opportunity. It isn’t something that just suddenly happens, it is something that people get used to and familiar with over time, the more they see your brand the more they remember it and associate it with your business – which is exactly what you’re aiming for here.

Step One – Logo

Essentially your logo is your brand, or at least it should be. This means that your logo should be something simple but unique. Think of all of the famous brands you know – some use their name as the logo, which is a clear and simple way of doing things, and those that do often have a very particular way of presenting that; Think of Coca-Cola, Sony, Google – their name is their logo, but presented in a clear, familiar way that we instantly recognise. Others use imagery that we become familiar with over time; Mustang, Apple, Nike, Starbucks, Toyota, Mitsubishi (pretty much any car manufacturer) – they’re all simple logos that we instantly recognise and associate with that company. You should aim to produce a logo that is easy to recognise and can become associated with your business easily.

Step Two – Use your brand

Once you have a logo that is suitable to become your brand you can start to push that forward by incorporating it into your business. You want it on display everywhere. Your office. Your website. Your letterheads. Basically if something comes out of your company it should be branded. This is actually very simple to do. Use your logo as the image on your social media platforms (if you don’t have a business page on at least Facebook and Twitter you should definitely make one). Steadily expand your way out, use your brand in more places and ensure it gets seen more. The more it is seen the more people will associate the brand with your company.

Step Three – Market with your brand

It’s one thing if people start to associate your brand with your name. It’s another if they start to associate it with your business, not just the name, but what your business does, what your business could provide. With the right marketing this could be a fantastic way for you to attract more customers to your business, allowing you to grow and increase your profits.

Branded Uniforms; if your employees interact with customers encourage them to wear company uniforms which feature your brand. This helps your employees to appear more professional and makes them easily recognised by your customers.

Branded Messages; when you’re blogging, or writing press releases, or providing infographics or just about anything else to market your business in the online world your primary concern might be getting a backlink. However, it might be much more beneficial to you to use your brand, rather than a link.

Remain Consistent; your logo isn’t the only part of your brand. Your colours, your values, and your purpose are all part of your brand. Using the logo colour scheme in your website, office space, leaflets and so on and so forth can all help to further your brand.

Step Four – Don’t Change without Explanation

Part of being consistent is that you don’t re-create your logo or brand on a regular basis, even changing the design of your website can have negative effects if you don’t explain yourself. Take Pepsi for example; first of all Pepsi used to be known as Pepsi-Cola, and when they first came about their logo was a lot more like the Coca-Cola logo; red and white, concentrating on the text. However; at the beginning of the war there came to be more focus on two primary things; bottle caps and supporting the troops. It was during this period that Pepsi started to use the red white and blue design, and first began incorporating the shape of the bottle cap behind the words.

Then, in order to distance themselves from Coca-Cola, their primary competitor, the company dropped the ‘cola’ from their name. Over the years the design has evolved, but kept that circular shape and the red, white and blue colouration, which certainly helps with their marketing. Their brand is well known, and of course because the reasons for the chances in the brand were explained it allowed them to market it as a very positive thing.

Regardless of what changes you make to your brand, so long as you explain the reasons for the changes to your customers they are more likely to agree with you, it also helps them to feel that they have some involvement in your brand, allowing the association between your company and your brand to develop stronger and more beneficial to you.

Step Five – Sell your Brand

One of the best things about having a brand is that people recognise it and want it, and they’re willing to pay a little extra to have something that people know. Regardless of whether you start selling t-shirts or giving away pens, your brand should be present on all of the products from your company. Not only to further develop the association between your business and your brand, but also to allow your products to have a greater value.

Categories
Communication Skills

An Interactive Guide to Business Blogging

We all know the incredible power of the internet. We understand it as an invaluable tool for research, shopping, and building networks and connections. We recognize the viral influence of social media and its impact on cultural and buying habits. We can see it as a wonderful catalyst for ideas and education. And yet, even with this unquestioned knowledge of the internet’s potential, still a huge number of small businesses have little to no presence online. If you’re stunned, you should be.

You’re Not only missing out on potential customers…

It’s unquestioned how much the internet has expanded and diversified over the past decade. With the rise of social media, blogging platforms, and a host of tools for quickly building websites, the internet has been re-packaged for large-scale consumer interaction. Geographical boundaries no longer matter in terms of trends, ideas or even news and the amount of fresh content that is created each day is astonishing. In short, we’ve become a culture that literally “Google’s” everything – we even check out reviews for the local Barber before we think about walking through the doors. So, if you’re not online, you’re not only missing out on a huge market, but you may also be in danger of losing your current customers.

This is why it’s so essential for Businesses to regularly be publishing quality content on the web. More than ever, businesses need to position themselves as experts in a specific area and draw loyal online readers by providing this specialized content. But for many small businesses that don’t have a blog or website, taking the first steps can feel daunting: How do I get a blog started? What should I write about? How often should I post?

The Simple Guide To Business Blogging

With these questions and concerns in mind, Simply Business has put together an incredibly helpful guide for small business blogging. It walks businesses through the steps of defining a blogging niche, brainstorming content ideas, and understanding the blogging culture. It’s one of those resources that you’ll find yourself returning back to again and again. So if you find yourself either frantic for content or simply unsure on how to move forward, grab a cup of coffee, a notepad and start strategizing a new way of engaging customers online.

Categories
Starting Up

A Quick Guide to Getting Your Business Off the Ground

An exciting business idea makes you want to get up and get moving right away but directing that energy in the wrong direction or doing too much too fast could ultimately lead to failure. Before you start selling products or services, you need to follow a few steps to ensure legality and safety in the business world.

Create a Business Plan

If you hope to take out a business loan or find investors, you’ll need a business plan. Even if you can fully fund your new endeavor yourself, a plan will help you to stay on track and ensure you’re reaching your financial goals and production schedules. You can make either a traditional business plan or a lean startup plan, but keep in mind that investors may ask for more information if you present them with the latter.

  •         Traditional Plan: A traditional plan is best for requesting financing. Although you can mix and match sections to get exactly what you need, it typically includes an executive summary, a description of the company, a market analysis, organization and management information, information about the service or product, marketing and sales information, and a request for funding.
  •         Lean Startup Plan: This plan is best if you want to get started quickly or have a relatively simple idea. The most common type of lean plan is a business model canvas, which usually includes key partnerships, activities, and resources, customer relationships and segments, a value proposition, cost structure, and revenue streams.

Go Through the Legal Process

The earlier you get the legal aspects of your business out of the way, the easier it will be for you to start selling your product or service. You’ll need to trademark your company name as well as handle any relevant patents or copyrights. You must also decide on a business structure, such as a corporation or partnership, and file for federal tax identification numbers.

Registering your business and obtaining a company bank account is important for being viewed as reputable. Don’t forget that you may need a license and permits to operate if you intend to run a specific kind of company. Examples include those dealing with firearms, tobacco, or alcohol. If you are unsure of the legalities of your company, it is best to consult a business lawyer.

Purchase Business Insurance

Before you start operating, you need to find the best business insurance. At the very least, you should have professional liability insurance, which will protect you and your company if someone is injured due to your product or service. If you have a business property, you’ll want to get a policy for it as well. Other types of insurance include product liability insurance, vehicle insurance, and if you have employees, a workers’ compensation policy.

In addition to these traditional policies, many people overlook two very important policies: home business insurance and business interruption coverage. If you plan to operate your business from your home, your homeowner’s policy will not cover your company’s inventory or equipment, so be sure to purchase a separate policy. Additionally, business interruption coverage ensures you can still pay your bills if a disaster occurs that keeps your company from operating normally, such as if there were a fire or flood.

Do a Test Run

Nobody wants to spend a million dollars to get a company off the ground only for it to be a flop. Before you spend a large amount of money, do a small test run. This type of market research allows you to create your product or provide your service on a smaller scale, gain feedback from customers, and then make your company even better before you broaden your market.

Regardless of the type of business you run, vet the people you work with. From your partners and investors to your employees and insurance agents, your company is only as good as the people you have on your team. Create an excellent team and you’re more likely to have a successful company.

Categories
Online Business

Start an Online Business from Home or School

With the Web 2.0 boom in recent years and the advent of social media, it is easier than ever today to start a business. And it is also possible to extend the marketing scope of your business to reach thousands, even millions of people each month.

So where do you start?

1. Research Industry Blogs

No matter what industry you go into, a plethora of blogs will be available. Start your search at Blogcatalog and Technorati, then expand by checking out blogrolls of related sites.

2. Buy an E-book

Many blogs will offer to sell you an e-book on how to get started in the industry. While many of these are overpriced to worthless, some offer invaluable information on starting your business. Do a Google search for reviews to see which one to buy.

3. Build Your Website and Blog

Companies today should have blogs! Maybe your business is your blog and you’re monetizing with advertising or affiliate links. Or perhaps your business is an online retailer. Either way, a blog is a tangible way that your customers can connect to your business. Blog about industry trends, what’s going on at the office, your goals etc.

4. Social Media

The two most essential social media platforms for the time-being are Facebook and Twitter. Take some time and get acquainted with both of these services. Make a fan-page on Facebook and invite all of your friends. Make a Twitter profile and start connecting to people in your industry. The sky is the limit on the exposure you can achieve with just these two services alone. The key is customization. Make sure to customize your profiles for each to fit the feel of your brand. See Mashable for more tips on social media.

5. Optimize, Optimize, Optimize

Start trying to get your site to rank on the major search engines. Whole books have been written on this subject alone but here are a few tips:

· Focus on your internal structure. Make sure every page is crawl-able, you have a clean and navigable site map, and that you’re linking internally using embedded text and not meaningless phrases like “click here” or “see this article”·

Make sure you know the keywords you’re targeting.
· Start the link-building process. Reach out to fellow bloggers on related sites and offer to write guest posts. Many bloggers will often let you link your site in exchange for free content.

Starting an online business is time-consuming, make no doubt about it. But it is a relatively easy way to break into the world of entrepreneurship and small business. If you’ve ever had the urge to start your own business, this is a great opportunity for you. Once you earn your first dollar via your website, it will all be worth your time.

Categories
Business Trends

15 Facts That Can’t Be Ignored about U.S. Manufacturing

 

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While it’s true that the number of jobs in the United States’ manufacturing sector fell in recent years, manufacturing still plays a crucial role in the country’s workforce, gross domestic product, exports, and other economic factors. In fact, today’s manufacturing companies make more products than they have in decades. Even though the manufacturing sector struggled to add jobs during the economic challenges of the early 2000s, productivity has increased dramatically. This improved productivity makes the United States one of the world’s top manufacturers.

Things may change in the near future. With some luck, the manufacturing sector will benefit the country even more. It’s estimated that manufacturing companies will need 3.5 million more workers over the next decade. That’s especially good news when you consider that manufacturing workers earn higher than average wages, and over 10 percent of them are eligible for health insurance. Besides, the service industry relies on manufactured goods. Without products to sell, the service industry would flounder quickly.

Manufacturing is also important to the economy on a macro level. Every dollar spent on manufacturing adds $1.40 to the country’s economy. Many policy analysts want the United States to invest more in domestic manufacturing, because doing so is one of the most effective ways to build a more robust economy.

If these facts are surprising to you, you can learn more about the role manufacturing plays in the U.S. economy by checking out this infographic. It offers some enlightening data that may change the way you think about the future of manufacturing in the United States.