Corporate Branding Royal Oak MI
(313) 255-0366
Detroit, MI
(313) 872-7850
Detroit, MI
(313) 441-0000
Detroit, MI
(313) 567-3433
Detroit, MI
(313) 885-2799
Detroit, MI
(313) 891-0321
Detroit, MI
(313) 867-3112
Detroit, MI
(313) 267-9660
Detroit, MI
(313) 963-6100
Detroit, MI
(313) 885-5220
Detroit, MI
How Branding Can Impact Your Bottom Line
So, you've decided it's time to cast your own shadow!
You are an entrepreneur at heart, and you've got the encouragement of family and friends. You've talked to an accountant and corporate lawyer. You signed a lease on a great new office, and it's decorated beautifully. You've joined the appropriate local business clubs and lined up a modest operating line with the bank. You have a cool name, and logo, and you're ready to launch.
Or are you?
Your Brand
Have you considered your brand? You might have thought that your logo is your brand. You'd only be partially correct.
You see, your brand is everything about you. It is what you do. The simplest explanation is to replace the word 'brand' with 'reputation.' Your brand involves every touch point involving all stakeholders who include: owners, management, employees, suppliers, and customers. Paying close attention to your brand from the beginning will save you money AND increase your effectiveness in your category.
Branding and The Bottom Line
The following points will illustrate how poor brand practices can negatively impact your bottom line:
No Discernible Point of Differentiation
Compare what you are selling with your competition. Other than price, what makes you different? Why should a customer care? You should have a positioning strategy that compels your customer to consider building a relationship with you. If you differentiate on price alone, you will lose.
Lack of Image Consistency
Author: Ed Roach
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