You can have first-rate products and services, but if you can't establish the need, communicate the benefits and differentiate yourself from the competition in ways that make people want to do business with you, you’ll forever be selling up hill.
As Robert Krumroy, Identity Branding, Inc. says: “Branding is about the customer--who has never met you--being able to answer the question: ‘Why you?’"
Your "Value Proposition”
Your brand can be based in large part on your “value proposition,” which is what differentiates you from your direct and indirect competition—and, if it’s good enough, will draw people to you.
Your value proposition should be a clear, concise statement of why your business is unique and a better choice. Your market positioning, competitive analyses and SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) gives you everything you’ll need to develop a value proposition based on your strengths, your competition, what your “ideal” customer wants from you, and how this benefits people in your markets.
This message must be delivered to your markets consistently and repeated frequently. If prospects understand what they need, trust you and connect emotionally with your message, sales resistance melts before your eyes. Yes, it’s that powerful!
First Impressions, Last
Short-term, smart professional branding gives you the immediate recognition, market access and momentum you need to attract customers and build sales; long-term, it can help increase market share, foster customer loyalty, sustain your client-building efforts—and practically guarantee clients will eagerly refer you to others (“Hey, look what I’m part of! You should be too!”).
Branding should be part of your annual marketing/advertising expense budget. The Small-Business Administration advises entrepreneurs to use 5% of gross sales on advertising, but that varies depending on sales volume and location.
Everyone Has a Brand
“Everyone has a brand, like it or not,” adds John Melchinger, The Marketing Coach™. “You have one. It may not be the one you want and you may not be nurturing it, but it's yours nevertheless. Not to shape your brand rigorously and nurture it is to leave it to your public to decide. That is the much less effective alternative.”
Building Your Brand
The purpose of this exercise is to create a short message people will remember whenever they think about you. When part of a coordinated marketing plan, your professional identity brand will drive customers to your business. You will also need to give some thought to which medium to use.
Example: This is Joe Financial Advisor’s brand identity. It’s deceptively simple, yet sends a compelling message to his target market, Tool
Navigating the Complexities of Estate Planning
Estate planning is a critical process that involves organizing your assets to ensure they are managed and distributed according to your wishes after your passing. It's a common misconception that estate planning is only for the wealthy; in reality, everyone has an estate and, by default, an estate plan—whether they know it or not. However, without a deliberate and well-crafted plan, state laws may dictate the distribution of your assets, often not aligning with your personal desires. Surprisingly, statistics show that approximately two-thirds of Americans pass away without a will, the most fundamental estate planning document. This article delves into the essentials of estate planning, highlighting the importance of proactive measures to protect your legacy and provide for your loved ones.
Market Planning -- Getting The Word Out
“There are those who get things done and those who think about getting things done.”--Col. Wesley L. Fox, USMC (Ret)
Making Your Mark With The “Millennials”
Generation Y--The second-largest crop of young people in America's history, offspring of the Boomers—80 million of them, nearly 27 percent of the U.S. population—are in their late teens and 20s, and already a market force to be reckoned with.
