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Step 1. Set Apart your brand form the ‘herd’
With all of the choice consumers have on the market these days, it comes as no surprise that we hear so much talk about operating in a “niche market†or as a ‘Purple Cow’. Now, what about those businesses who have really similar products competing against them – how do they profit? Well, they set themselves apart from the competition. This can be done by having a competitive advantage – or having something of value which is hard for competitors to imitate. So, how can a marketer do this? For starters, you can position it away from your competitors using four different ways:
These basic types of positioning differentiate your brand from rivals and offer a counter-intuitive way for you to increase consumer trust and their perceived value of your brand. I would highly recommend that you sit down and analyse your strengths and weaknesses within your business then identify your opportunities and threats outside of your business for developing this step. Then you will be able to brainstorm a lot of valuable ideas and use those ideas to help position you away from your competition. Once you’ve got this sorted, you can then move on to reap the benefits of communicating more effectively with your target market - or in other words, get more business.
Step 2. Give your brand it’s very own identity.
Think of your brand like it is a person. What characteristics do you want people to associate with your brand? Here are some ideas to get your mind going…
This step is very subjective, and you may want to do some research before putting your foot down. Find out what people associate with your particular industry or niche. If you’re in doubt, look at your competitors to see what else you can do, but be careful trying to imitate them - Although your competitor’s brand attributes may rub off onto your brand, your customers may be confused between your brand and that of your competitor’s.
Step 3. Create and maintain your Brand’s image.
As I said above, EVERYTHING a brand does and doesn’t do can have an effect on what your customers think of you - and this final step is the most crucial step for bolstering your brand in the business world. So by this stage you should have set your brand away from competitors and given it an identity. Now you have to put everything together and give it an image which you will use for everything in your business that your customers come into contact with.
Just think about this for a moment – You’re walking through the city and brands are looking to grab your eye but none of them do… Suddenly there is one which commands your attention. It has everything together, everything matches, it sends the same message in every part of it and it is exactly the type of brand you like. As you keep going to the city, you may even keep seeing the same brands which didn’t get your attention, however when you see that clearly defined brand once again, you recognize it instantly and you begin to trust them more. Just like that old proverb - Familiarity breeds trust.
So if you’re able to coordinate your advertising, your product packaging, your corporate values and anything else a customer might come into contact with, with your brand on it, not only will it be ‘bolstered up’ in their minds, but they will like it more, out of increased trust and similar values to their own. If you haven’t got a powerful brand, then maybe this might be the trick for you…