7 Small Business Benefits of a Strong Brand
Who you are and what you do are two very different things.
And yet our culture works as though who you are and what you do are one in the same. We relate worth to doing, not being. Especially when we’re constantly bombarded with messaging about who we should be. It’s difficult to step back from expectations, grab the wheel, and steer in our own direction for our own reasons. But who we are the very first step to achieve the benefits of a strong brand.
When you meet people, one of the first things they’ll ask is, “What do you do?”
We may identify ourselves this way: “I’m a Business Owner. A Legislator. Administrator. Project Coordinator.” But that’s not who you are, that’s what you do. It’s a functional answer. Most of the time, this definition works. We wear this label and leave it at that. But we’re so much more, and it’s worth it to think of yourself as a who, not a what.
Business Branding 101 can be tricky: it can be difficult to sum up your identity succinctly, more so as a woman.
As a mom, writer, and business owner, I’m often tempted to define myself by my weekly tasks:
- Dog Feeder: My 3 rescue pups bark their assent.
- House Cleaner: The Little Blue House has been home for 6.5 years.
- Grocery Shopper: Vegetarian will be more realistic when the youngest leaves for Boot Camp.
- Toilet Paper-Within-Reach-Provider: Don’t ever mistakenly buy one-ply, even if it saves more trees.
- SEO Content Expert: Thanks for stopping by!
- Doctor Appointment Scheduler: Between the 3 kids and I, we have 3 medical insurance companies.
- Dinner Cooker: Since the youngest started his job, this now falls fully back onto my plate. Boo.
- Yard Nurturer: This summer we’re trying all new things in the garden.
- Book Reader: My Kindle travels with me everywhere.
- Business Manager: Spreadsheets, business meetings, goal casting and planning galore!
- Homework Nagger: There’s only one left in high school, but he’s doing AP classes so homework is real.
- Relationship Maintainer: What a raft of girlfriends I’m honored to have!
Whew. It’s easy to forget that we’re more than what we do.
Full stop.
We’re MORE than what we do.
When you figure out who you are, only then can you figure out what you do and why it matters. You’ll begin to lead and not follow. And it doesn’t get much better than that.
Have you ever realized that there’s not anyone who can see the whole of who we are? (My boys like to remind me I’ve never seen my face. It’s always a reflection, projection, or picture.
How’s that for an identity crisis? While that thought might launch you into scads of lonely, I think it’s quite liberating because it means we can be anyone we want to be.
- Your child’s teacher sees you as Mom.
- The grocery store clerk knows you as the one who always buys cheese, chocolate milk, and English muffins.
- The gas station attendant knows you as the one who rolls in with a sigh.
- Co-workers know you as the one with the best snacks.
- The dogs think you’re the warmest, coziest lap when it’s cold outside.
- And as an entrepreneur, your clients consider you the Expert.
You and only you can decide who you are. Not our culture, not the neighbor, not the person behind you at the traffic light. And certainly not the self-declared business expert who hangs out at the local coffee shop. So peel off their labels and find one of your own that fits you just right.
Which leads me to ask, “Who are you, friend?” Your answer will shape the direction of everything.
Who you believe you are in relation to your business can determine your success or failure. This is the foundation you need to start reaping the benefits of a strong brand.
If you believe you’re the expert, you’ll jump in with both feet and start cranking out products and services with abandon. If you don’t think you’re good enough to make a difference, you’ll keep procrastinating and never get much of anything off the ground.
Who you believe you are is important to your business future, your financial future, and your happiness.
When you figure out who you are, only then can you figure out what you do and why it matters. You’ll begin to lead and not follow. And it doesn’t get much better than that.
The Small Business Benefits of a Strong Brand:
1. A Competitive Edge in the Market
Once you know who you are, the benefits start flooding. YOU as an entrepreneur or woman-owned small business start shining in your brand, and as a result develop a strong brand identity. You are your own brand ambassador, whether you’re at a networking meeting, showing your stuff on Instagram, or buying cheese at the grocery store.
This confidence makes you magnetically unforgettable. That check-out clerk will wish she were your best friend. And that fellow networker will instantly have a list of potential clients she’s ready to pass your way.
When you are YOU, the world shifts. When you live and breathe comfortably in your own skin, confident of who you are and what you bring to the table, you become a force to be reckoned with. It makes you irresistible. How that for a competitive edge?
2. Loyal Customers
The people who flock to you are the ones who share your values. Once you’ve made emotional connections with your tribe, you’ve turned them into long term customers. This customer loyalty provides benefits for years to come.
3. A Steady Stream of Referrals
If you can show that you’re a reliable brand that’s here to stay, potential customers will come to you. Your current clients will talk about their great experiences with your customer service, which will help you attract even more business.
4. More Effective Marketing
When you’re authentic and comfortable in what you say and your presentation, you’re able to build trust rapidly. This likeability factor means increased interest and greater engagement, which means your sales journey moves more like a rocket than a leisurely stroll around the neighborhood. You’ve proved your value in the market
5. Premium Pricing
With greater trust comes higher prices. Does this mean you take advantage? No, but as in any industry, greater demand justifies a higher cost. People will pay more for something they know works. When you engage their emotions, the same magic happens.
(Remember when Strawberry Shortcake dolls were all that and then some in the 80s? I was obsessed. From Orange Blossom to Lime Chiffon, I had them all. I even wanted Purple Pieman with his mean old Berry Bird.)
6. Engaged Employees
A solid brand strategy doesn’t just look outward. It keeps in mind that your brand’s reputation is vital inside your workspace as much as it is on social media or on the store shelves.
Creating a brand that your employees know, like, and trust will keep them by your side through thick and thin. This increased brand loyalty means lower turnover rates, greater efficiency on the production line, and happier work environment.
7. Stronger Partnerships
Powerful brands create partnership opportunities with other brands in the marketplace. Who doesn’t want to work with a company who has stellar financial performance, carries high brand recognition, and a steady stream of customers who don’t just recognize your brand, but are fanatical about everything you do? Customer recognition like this means money in the bank for anyone you choose to work with.
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