Wednesday, March 2, 2011

Branding Basics


Building a brand image is one of the most important aspect in any business.  Effective branding building gives businesses an major competitive advantage in their market.

You may be wondering what is “Branding?”  What do “Branding” means?  According to The American Marketing Association (AMA) defines a brand as a "name, term, sign, symbol or design, or a combination of them intended to identify the goods and services of one seller or group of sellers and to differentiate them from those of other sellers. Branding is a effective way of getting your prospects and your existing customers to identify you.  Again, it is a way of separating you from your competitors. 

In order to succeed with Branding you must know what your customers needs and wants are.  You must win the hearts and the minds of your customers.

How to Create an Effective Brand Image

Create a Brand Image
Brand image is the foundation of your company.  Create a professional logo and place it on all of your marketing collateral.  A professional logo needs to come from a graphic designer.  If you cannot afford a graphic designer; there are plenty of logo design software to assist you.  The logo should include the main colors that will represent your business.

Develop a Tagline
Write down a clear and concise statement that will represent the company and the brand. 

Write Down Key Messages
What type of messages do you want to communicate to your audience? Your message should be clear, concise and consistent. Make your brand attributes clear.

Remain True to Your Brand
If you don’t deliver your promise, customers will not return nor will they refer you.  

Tuesday, March 1, 2011

Basic Tips for New Entrepreneurs


Know your Market
Aspiring entrepreneurs should know the business they are getting into.  You should have complete  knowledge of your target market.  The best way to get to know your target market is to RESEARCH, RESEARCH, RESEARCH.  There are plenty of website and search engines that will assist  you in researching your business.  You can always start with the basic search engine such as google or bing.  Government websites such as www.census.gov or www.bls.gov are extremely helpful.

Make Sacrifices
Getting a business off the ground is an demanding endeavor.  Most business will not see a profit until the third year of operation.  If you experience a loss in the first three years do not give up.  Becoming a business owner means you will eat, sleep and dream about your business.  Your business will become your life.  So to all the aspiring entrepreneurs, make sure you believe strongly in your field of expertise. 

Believe in Your Mission
Believe in your business and what you stand for.  Your mission statement defines your business. 

Visit www.divinitymarketing.webs.com for more information.