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LAST UPDATED 4 Sep, 2024
You are starting a new business and need to decide the branding direction.
Or, you’ve already been around for a while and are struggling to grow.
You have a good product, but people don’t seem to see its value. Maybe they just don’t understand why they need your product.
Or, maybe you’re triggering them towards buying a financial product while you’re selling a sports product.
Let’s explore the differences in branding direction depending on the type of business you are running.
Framing your brand visually and verbally to speak expectations and create desires is driven by defining a good buyer persona.
Here lies the tricky part.
Someone who is scoping to purchase HR software for their department during work hours might look for a new dress or shirt in their off time. Each person will fill in multiple shoes during the day and their buyer persona will shift based on the situation and the needs delta at any given moment. This will happen from the problem recognition phase to the post-purchase phase. 1
Since you are always targeting people (not businesses), the thing to nail down is the expectation they are going to have after establishing contact with your brand, and later on when considering purchase.
I would like to focus on the type of business or rather type of transaction that will occur. This can be extended to the type of value this person will get, and how it will be delivered.
One of the most important factors when purchasing decisions are made is perceived value.
For example, a person who is getting a new lawn mower is thinking about how to keep their lawn nice and tidy. They might be interested in a larger and more expensive lawn mower because their gardener will spend fewer hours to mow the lawn. The perceived value is SAVING.
Another person from that same neighborhood will also scope a new lawn mower, perhaps the same one. They will have a different reason though; they want their neighbors to view them as a household or family that is wealthy. The perceived value is STATUS.
Therefore, when understanding the best brand direction for your business, one key factor to observe and understand is what kind of people you are talking to and what kind of expectations they have from your brand and product.
The type of business you are running will significantly affect your branding direction.
In B2B branding, the buying process is often longer and more complex, involving multiple stakeholders who are looking for solutions that deliver desired results.
With this type of business, your branding needs to speak trustworthiness and reliability and display a deep understanding of the industry your solution is offering. Some key elements to focus on are:
All of these elements should be reflected on your website, sales collateral, and advertising. But it goes deeper than that, the brand ethos should be set forth in sales training, customer services, and the overall culture of the company.
In B2C branding, the focus should be all about connecting with your end consumers on a personal level.
Contrasting B2B branding, the buying phases in B2C branding are more impulsive and emotionally driven, meaning your brand needs to appeal to the desires, needs, and aspirations of individuals. Impulse buying occurs frequently with shoppers, so make use of it.
You need to create a dream come true scenario, play the long game, and ensure that your consumers become brand fans. Some essential key elements are:
D2C branding requires a strong emphasis on authenticity, transparency, and a direct connection with the customer. The brand’s story, narrative, and mission often play a significant role in building loyalty and trust. Some key elements to focus on are:
C2C branding relies heavily on the trust and interaction between users. Your brand needs to foster a strong sense of community, safety, and trustworthiness, ensuring that both buyers and sellers feel confident using your platform or brick-and-mortar C2C. Items to focus on are:
The best brands are the ones that evolve and adapt. Even if you are heading in the right direction, it’s very important to stay relevant and keep conforming to your buyer persona.
Branding is something that should continually be worked on and refreshed. Even if you reach a point where a complete overhaul is needed. 10
“Your Brand is the single most important investment you can make in your business.”
-Steve Forbes
Investing in the right branding direction will bring you a significant revenue increase in the long run. 11
Don’t hesitate to book a free consultation call to review your branding in detail.
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Different stages of the buying process
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Oracle website
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Etsy Financial Statements
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Design as a strategy