Branding your business is
almost always a challenge for startups, especially the bootstrapped ones. In
the beginning, the entrepreneurs seem to have a lot ideas and dreams but hold
themselves back due to unavailability of funds. Even if they start with their
own little money, almost nothing seems to be moving.
With time, the entrepreneurs
get busy paying the bills and stop doing whatever little they had started to
brand the business. Result, they end up being in a commodity business and are
never able to charge premium for their products or services. No matter what
business are you into – you must be crystal clear on below points:
Question 1) What do you do? – It’s not
about what you want to do or what you used to do but what actually you do in
the present. Be clear on your business. I am not using complex words like get
to know your business model etc but let’s understand the very basic and essence
of your business.
Question 2) Why do you do it? – Is it your
passion or you are pushed into it by some obligation? Ah, let me tell you
making lots of money is not the right answer. You need to go deeper and reach
to the core of why you do whatever you do. In the language of leadership you
can call it finding your purpose.
Question 3) What do you believe in about
your business? – Diving deeper into the response of this question will give you
your Unique Selling Proposition (USP). Once you find your real USP, you need to
start shouting on that and let the world know about that.
Ah,
maybe you can take a pause here and spend some time in finding better and
deeper responses to these questions. Remember, you need to go to the real core
– spend time with yourself and come up with the answers which can convince you.
Great!
If you have done this homework and are clear about things. Let’s move to the
next part.
Tell me
what are your favorite brands?
Is it
Apple or Google or Amazon or Nike or you love Pepsi as a brand?
When
you think about a car which brand comes to your mind?
When
you think about taxi which brand comes to your mind?
When
you think about buying clothes which brand comes to your mind?
You can
add more questions and make a list of all the names that come to your mind.
Awesome!
Let’s move to the next question:
How
these brands which are best in their field made that spot in your heart? This
is a million dollar question. Let me share my understanding of what these
brands did to rule the heads and hearts of so many consumers in the world.
1) AWESOME PRODUCT/SEVICE QUALITY
– NO COMPROMISE HERE. They understand the best source of their marketing is
word of mouth or word of mouse from their existing customers. It has been
proved in research after research that the buyers trust their friends and
family’s recommendation or some other authority’s review way higher than
anything else. IF YOU WANT TO BUILD YOUR BRAND. START HERE. Make your business
clutter free. Remove the things which don’t match with what you do, why you do
and what are your beliefs. But whatever you choose to do, BE THE BEST. World
loves the best and rewards them the most. Products are made in the factories
but the experience is shaped during your moments of truth. Here are the things
which you can do to improve the customer experience, so called service.
a. Be friendly with your
customers. Don’t consider yourself as a salesperson instead be a friend first.
Personalize your communication (spoken or written) as much as possible.
b. Ask them what exactly do they
want – be specific and find out their exact requirement. At times salespeople
or the marketers go wrong here in this first step itself and can never correct
this later.
FOCUS
ON THE PRODUCT AND THE CUSTOMER EXPERIENCE BOTH.
2) Build your personal brand.
People buy people first. Invest time and money in your own training &
learning. If you can become an influencer, you can become a sales magnet. Take
baby steps to make a personal brand with your behavior and commitment. I have
seen that entrepreneurs start finding influencers to endorse their products and
brands instead invest that effort in making yourself an influencer. Building
personal brand is possible with genuine intent and consistent effort. The best
part here is you are gaining the people to your side and you can’t really walk
away from your business like any other influencer can. This point can’t really
be over emphasized. Make your own strategy and start it today. Three easy ways
to start building your brand are:
a. Fulfill your time commitment.
Be it your personal presence or your product delivery, BE ON TIME. PERIOD.
b. Handle money well – pay the
vendors & employees on time. Ah yes, get your money from the market on time
as well. If I put this in two words CONTROL CREDITS.
c. Be nice to people, have no ego
whatsoever. You are here to do business and not to win arguments. In case
anything goes wrong, say sorry and move on.
3) Show glimpse of the hard work
which you and your team does behind the curtains. Maybe you can post pictures
or videos of how the machines run or just click pictures of various steps in
manufacturing something and show to the world. It’s a secret.. people are
always interested to know the things which happen behind the curtains. This
will establish the fact that you know things and do those yourself instead of
just being an intermediate between the consumer and the manufacturer.
4) Give back to the world or serve
the community. I have recently found out the power of this highly powerful
tool. People who have a concern for the needy, the world has a concern for
them. I have never understood the mathematics in this equation but this is
true. If you serve the society not only people get to know about you and your
business but you also may spot some real good business opportunities and meet
with other great people. What do you care the most – is it cleanliness or
making the world plastic free or food for the hungry or the education for the
underprivileged. Find the cause you care the most and start caring. Trust me,
it’s truly the investment of time in yourself and your business.
5) Get on social media and tell
what you do personally and as a business. Step ONE of getting buyers for your
product is to make them aware that you exist and do something like that.
Understand AIDA Model of Marketing, you can read more about this in my other
blog article here.
6) Use signage & other merchandise
to spread the word. Use your logo on the stuff you make, get it
printed/engraved or put a sticker. But don’t ignore this small yet impactful
step. Your business maybe global and you may think that signage is helping only
the locals. NO. ONE – Everything starts small, who knows you may go on to start
many franchisees and we see signage of your company at so many places. TWO – do
it for yourself and your employees. Let them feel connected.
7) Use packaging to communicate,
make your customers happy and look + feel like a brand. Remember, if you really
want to do things you will find ways. Everything doesn’t need to be expensive.
Start with whatever you can and grow consistently.
8) Start gathering data of your
customers and seek permission to connect with them occasionally. Don’t bombard
them with emails and WhatsApp messages but set a weekly frequency to send an
email and/or a mobile message. Tell them about your successes or the way you
helped customers to solve a problem, to find a solution and be happy. Maybe
many of the other recipients would also have similar challenges and can
immediately connect with you. Bingo … that will be sales. But even if you don’t
get an order it anyways builds your brand. So this actually has no flipside.
9) An order from an order, a client from a client.
Ultimately the objective of all branding and marketing is to generate more
leads which lead to more sales. What if you can cut short the path to more
sales, what if you can get more sales with less efforts and you get people
talking about your products and services themselves without you being there and
without paying a paisa! Ah, this seems a dream too good to be true. However,
let me tell you can achieve this. Research a bit, discuss a bit, think a bit,
plan a bit and execute a good referral program for your business. Maybe you can
offer some gifts or discounts to your existing clients on their future purchase
if they refer you to some other prospective client or help you close some
order.
10) Write a book and be a published author, maybe Amazon’s #1 Best Selling author if you can. If your book can stay Amazon’s #1 Best Seller even if for a day, it becomes your asset for long. I have tasted the fruit with my first book MOVE MOUNTAINS – One StoryAt A Time and it’s Hindi translation पाने की हो चाह तो पर्वत भी देंगे राह, it really works. Once you have a good book on your name you can give that to your existing and prospective clients as a gift and of course this has your introduction (including your primary business)s at the back cover. Writing and publishing a book may sound a daunting task but if you find a great publisher it can be a relatively easier task. This ideas is only for the people who may not have lots of money but are truly committed to find a breakthrough and be different. Remember, there maybe less or no money in the book but it is around the book. It helps you to establish instant credibility. In case you want to get your book out you can connect with Dinesh. My books were published by Dinesh’s team and they did an amazing job both the times. I am working on my third book, ‘HEARTFUL LEADERSHIP – True Stories To Inspire Greatness In You’.
My
friend, when it comes to brand building and making businesses successful -
Ideas – matter, Funds & other resources – definitely matter. However don’t
underestimate the power of creativity and the best branding initiatives.
Experiment with many, remove most and keep the few which work. Finances maybe
the blood of your business but remember the finances will come from sales and
sales will come from marketing/branding. Consider marketing/branding
initiatives as steps to keep your heart healthy so that the body of business
have excellent supply of the blood. Sooner you make branding &
marketing your priority better it is for your business overall. May you build
the next billion dollar brand!
Wishing you a brand
which rules the hearts of the people around the world. Go succeed faster, in
case you need my help feel free to
connect at care@muskurado.com