Do you really need a brand?
Do you need to develop a brand identity?
If you want sustainable growth in your business and if you want to earn more than what you do today, you must develop a brand identity for you or your business. There is no alternative to this proposition.
At this point, many business owners will step back saying that branding means advertising and thus it would require huge investment. This is a very common situation as a beginner: The business owner do not have much idea about the actual rate of advertising in different media.
What is the basic relationship between advertisement and branding?
For effective branding of your product or company, you must hit the target market with your brand identity, repeatedly. You must make sure that they remember your face (business face) at least when they need you the most. Thus, to achieve this, marketers use advertisement in different formats, such as audio, audio visual or only visual.
Does it mean that you need to invest a huge amount of money in advertising?
It is not necessarily so. To put it simply, advertising cost depends on the size of your target market and the best medium to reach them. You do not necessarily need to invest in expensive billboards or in a full-page newspaper advertisement to reach the target market.
You can easily find some alternatives to reach it. For example, think about branded office stationary gifts, email advertising, mobile advertising or even social media networking. If you think, you can also use your existing subscribers or clients to promote your business and your brand. For example, think about shopping bags and packaging. These advertising media will cost much less than traditional advertisement and may prove more effective if you can use them properly.
Branding is all about giving a relevant face to your business. More importantly, if you do not add a face to your business, the target market will soon develop one for you and you will have almost nothing to do about that. Once an impression is created, it is very tough to replace it with a new one. Thus, you need to consider developing a brand image from the very first day of launching your product.
How to do that?
The first thing you need to do is to create a diagram or flow chart of how you want your product to be perceived by the target market. At the same time, you need to find out other elements like your target market, where they live, how they want your product to be, how your product is different from your competitors'.
You will also need to find out the best way to reach the target market - evaluate different options such as radio or TV advertisement, POS advertisement, newspaper or magazine advertisement, email advertisement etc.
Once you have developed a flow chart of what you want or how you want to develop your brand, draft a branding strategy accordingly. For example, develop an appropriate logo, color scheme (maintain the same color scheme across the product), a tag line to attract your target market etc.
Do not forget to evaluate how people perceive your brand.
About the Author
Steve McMains is a media professional and writes for different online publications on media and advertising industry. For more information on corporate branding or integrated marketing, he recommends you to visit http://www.brandweek.com.
Thursday, January 1
Do you need a brand identity?
Monday, July 9
Part Time Business Ideas that Work
By: Nazir Daud
A couple of friends of mine needed to generate a little extra income on top of their wages. They were both into keep fit and enjoyed working out. They decided to supplement their income by becoming part time fitness instructors.
They had to do a course which lasted less then six months and taught them the basics of keep fit. They both enjoyed doing the course and made some great friends along the way.
The money is good and they keep fit at the same time! One teaches spinning on the stationary bikes whilst the other does aerobics classes. They both benefit from free membership in the gym they teach in…
If you are good with your hands and into DIY then why not become a part time handy man? Busy people now a days just never get round to fixing that faulty cupboard… and the money that they are willing to pay for odd jobs is not that bad either for a couple of hours work.
Start up costs are very low as long as you have the full range of basic tools. Most people who start out working part time find that this can easily turn into a full time occupation!
Do you enjoy gardening? This is a great little earner if you do not mind getting your hands dirty… especially enjoyable if you find someone rich with a beautiful garden! The only problem with this business is that work dies away in the winter months.
A mobile car wash can be a nice earner and if you buy all the equipment it can be very easy to clean a large number of cars in a short time. Pick one or two street and whiz around a couple of times a week.
You will need to buy a van with some specialist tools and carry your own water on board. Starts up costs are higher than other part time businesses and therefore this business demands a lot more careful planning.
A photography business can be run from home and it is easy to make a decent income. Digital cameras are so good now that you do not even need a dark room to process your pictures. Start of with the usual weddings and birthday parties. Take pictures of all the landmarks in your city.
More websites are being created every day and all of them need some images. Speak to web designers and take pictures to their specifications. Online networks are expanding rapidly and people need portrait pictures. Demand for head and shoulders shots is massive.
The great thing about the photography business is that you can take pictures all the time. You do not have to be in work mode to snap away! It is easy to build a huge collection of images and showcase your work on a website. Start up costs are now very low and this business can become extremely lucrative once you have built up a collection of images.
Do you have any ideas for a part time business that can help to provide additional cash flow for people struggling to pay the bills?
About Author
Naz Daud Business Franchises and UK Business Directory Franchise Opportunity & Business Opportunity Ireland Business Directory & Franchises
