How has the proliferation of the internet affected the way you do business?
The fact is, the proliferation of the Internet, social media and mobile—and their vast impact of society and consumer behavior—has changed things substantially for marketers. Successful branding is no longer simply creating a great logo (though still very important) and developing the most clever advertising campaign possible. Successful branding involves a myriad of strategies, concepts and channels—a mixing of tried and true principles and an ever-evolving, agile adaptation to the digital age we live in.
A brand is more than a name, a logo or a product, but rather an idea and a position that exists in the mind of your audience. It’s the gut reaction people have when they see or hear your company name—the collected sum of their thoughts, feelings and experiences with your company. And how they think and feel is a result of both the tangible and intangible attributes of your brand that they perceive through their interactions and experiences.
Jeff Bezos, founder of Amazon.com, really sums up the concept of a brand: “A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things well.” I really like the second half of his quote because it nails the fact that a reputation is really built on quality in the details. And building and maintaining a brand without a doubt is hard work, but those that do it well instantly stand out in our minds.
The goal of branding
Branding was originally a very simple and practical concept: distinguishing your cattle from the cattle at the ranch next door. But while the idea of simply distinguishing your company from the competition is still at the heart of branding, it’s a much more complex process. The process of branding is defining, conveying and maintaining your brand’s core value—figuring out who you are, what you stand for, conveying that to your audience and then maintaining it.
But the end goal of branding is getting past the tangible attributes of your company (the who, what, when, where and how) and tapping into the emotional triggers of your audience by conveying intangible attributes (the why factor) that are not easily imitated by the rest of the pack. Because intangible attributes are felt emotions. And everyday, regardless of the industry, both B2B and B2C, people make decisions based as much on their feelings as logic.
How branding has changed
Branding in the past was solely a one-way communication. It was all about telling people how they should think and feel about your brand through exposure—clever advertising and an abundance of frequency and reach. The idea was that if you shouted loud enough, often enough, and in as many places as possible, then people would start to believe what you were telling them. And today there’s now A LOT more ways to expose people to your brand. Traditional media still has a place, but now there’s websites, social media, mobile apps, blogs, video and countless other channels for exposure.
Branding has changed because consumers have changed
The digital age has fundamentally changed the way people shop, research and make purchasing decisions. 89% of purchasing decisions begin with a web search and B2C and B2B prospects alike are reading blogs, reviews, articles, websites, etc. Today’s prospects are smarter, savvier and less likely to believe you’re the best choice just because you say you are. And consumers are now in control and have become conditioned to ignore traditional, interruption-based marketing messages. As marketing authority Seth Godin first pointed out several years ago, brands now need permission to engage their audience.
Your website is now a huge part of your brand
Your company’s website is the face of your brand online and it’s arguably your most important brand and marketing asset. According to research from Thomson Reuters Web of Science, it only takes 50 milliseconds—a blink of the eye—for users to form an opinion about your website and therefore your brand. Is that opinion positive? Does your website convey credibility and trustworthiness? Do users find it not only visual appealing, but easy to use and helpful? Does your website reflect your brand the way you want your brand to be reflected? Let’s face it, your website is either working for your brand or against it.
Branding is no longer just about exposure
Branding is no longer simply about a prospect’s exposure to your company; it’s about their experiences and the various interactions they have with your brand. And there are a lot of interactions: seeing your logo, speaking to one of your employees, browsing your website, interacting with your Facebook page and visiting your store or office. All of these “touch points” need to be considered as part of the overall brand strategy.
Branding is now real-time
Perhaps the biggest change to branding is that it’s now real-time and consumers are as much a part of telling your brand story as you are. And due to the viral nature of the web and social media, a brand can be built up or torn down overnight. We can all think of examples of brands that have been impacted—some positively and some negatively—because of a viral video, a social media post or an online review.
This article was first published by Circle Studio.
In a bid to help SME’s to create a flawless digital brand, we have put together a package to cater for them making it both painless and professional. Read more on our Digital Branding and Marketing Starter Pack.