By: Mahnoor Awan
What’s a brand?
A brand is not only related to the product or service you’re selling, neither is it your website, nor the name or the logo of your company. A brand is so much more than that. It’s (almost) intangible – it’s the feeling or experience generated when people hear your company’s name.
Why is it important to create a brand?
Creating a brand instills a confidence in users that your company is recognized and reliable. Especially if your company is online based, it is important because you can no longer do that on a one-to-one level, as you’re not personally there to convince your customers.
In 2016 so far, the online markets’ user penetration in e-commerce has been 38.5% alone, and is expected to rise to 49.72% by 2020. Considering how the world services are moving online, consumers prefer going for brands they know of, as they feel comfortable giving them their personal information like, email address and credit card information. Based on a study by Nielsen, 60% of global consumers with Internet access prefer to buy new products from a familiar company.
Now that we know why having a brand is so important, the real question is:
HOW TO BRAND YOUR COMPANY?
Whether you’re an already established company or a startup, here are a few, easy, and cost-efficient ways to brand your company.
CHARACTERIZE YOUR BRAND
The first, and probably the most important thing is to define your brand. Here a few questions to get you started:
A brand is not only related to the product or service you’re selling, neither is it your website, nor the name or the logo of your company. A brand is so much more than that. It’s (almost) intangible – it’s the feeling or experience generated when people hear your company’s name.
Why is it important to create a brand?
Creating a brand instills a confidence in users that your company is recognized and reliable. Especially if your company is online based, it is important because you can no longer do that on a one-to-one level, as you’re not personally there to convince your customers.
In 2016 so far, the online markets’ user penetration in e-commerce has been 38.5% alone, and is expected to rise to 49.72% by 2020. Considering how the world services are moving online, consumers prefer going for brands they know of, as they feel comfortable giving them their personal information like, email address and credit card information. Based on a study by Nielsen, 60% of global consumers with Internet access prefer to buy new products from a familiar company.
Now that we know why having a brand is so important, the real question is:
HOW TO BRAND YOUR COMPANY?
Whether you’re an already established company or a startup, here are a few, easy, and cost-efficient ways to brand your company.
CHARACTERIZE YOUR BRAND
The first, and probably the most important thing is to define your brand. Here a few questions to get you started:
- Why are you in business?
- What does your brand offer?
- How does your company relate to the needs/wants of customers?
- What are your company’s goals and objectives?
- What kind of ideas or visions it supports?
