Business Branding Tips

Do you have a promise that articulates your company’s value proposition and exemplifies the behavioral experience you to commit to deliver at every interaction? Have you thought about your brand promise? What do you commit to deliver to your customers…to your employees?

Being crystal clear and delivering relentlessly on your brand promise can set you apart from the competition. It can make the difference between you being perceived a commodity and excelling above that commodity. It can set the stage for your employees to continuously work to deliver on a commitment that no one else can deliver on as well or as fanatically as your brand.

Delivering on your brand promise is crucial to your success. According to the experts, the single most important aspect of successful branding is CONSISTENCY…showing up the same way every time, walking your talk and being true to what you stand for. 

So what are you waiting for? Make sure you have a Brand Promise and deliver on it consistently.

What can really make your brand stand out from the crowd consistently?—is it the “hard stuff” (your products and services, price points, advertising and promotional campaigns) or perhaps the “soft-stuff” (your values, company culture, customer relationship practices, etc.)?  Remember the one major auto manufacturer that came out with an “employee discount” promotion for the entire world.  Well, within a few weeks or less just about every other competitor duplicated and promoted the same campaign. That was easy to copy and no longer made the originating auto-manufacturer of that oh so clever promotion stand out from the crowd. Not to mention, it probably didn’t help their balance sheet either!

So, maybe the answer to the million dollar question is the soft-stuff: your values, your distinct personality and culture as a brand and how you show up; who you hire, how you hire and how your employees behave, treat your customers and treat one another; your internal processes and the strategies you employ—all the internal stuff that drives the engine of your business! Some people say the soft stuff is too touchy, feely and can’t differentiate a business. That’s hog-wash!

Let’s just focus on values for a moment. Many brands tout company values and guiding principles. Some are great at walking their talk; others are just mediocre at best in practicing their values. In a study conducted by Booz Allen Hamilton and the Aspen Institue of corporations in 30 countires and five regions, it was reported  that top performing companies consciously connect values and operations. They found something interesting: how a how a brand delivers on its values influences two strategic business areas of relationships and reputation. Furthermore, companies that reported superior financial results emphasized their values. They were also more successful in linking values to the way they run their companies. A significantly greater number reported that their management practices were effective in fostering values that influence the cultures they created and how they delivered on their brands, customer relationships, business growth and financial performance.

Hmm? Maybe it’s time to stand out from the crowd by working on the soft stuff!

Is customer service everything you need to build an authentic brand?  What about customer appreciation?  One is the result of the other…right?  So, if you deliver great customer service then this should result in Customer Appreciation?  Well, that’s NOT necessarily so…wish it could be that simple, but not in today’s world. With the current competitive climate great customer service just isn’t enough. So, why focus on customer appreciation?  Well, if you want to retain a customer for life, a strong bonded relationship must be developed….between your brand and your customer.  This bonded relationship, which creates customer appreciation, is the heart and soul of your authentic brand. What creates that bond is how you and your employees collectively behave at every customer touch point and how you collectively live up to what you promise to deliver to your customers.  ‘Authentic Brands’ are built by conscious design, not by default!   Think about who you are and how you want to show up. Make sure your employees understand the linger feeling you want to leave your customers. Is it friendly, warm and engaging? If, so, do they genuinely care by showing eye contact, listening intently and engaging in sincere dialogue to understand their needs rather than treating them as just another transaction? This type of behavior is authentic. You can’t fake it!  Here’s a quick story.  I was on the phone recently with the new prescription drug company of my healthcare provider. I have had nothing but disappointment in the past in dealing with healthcare providers.  I wasn’t quite sure how to refill my prescriptions through their online service so I could save on the cost.  So I called and asked “Do I have to have my doctor rewrite the prescriptions all over again?  Can’t you just contact the former provider to give you the information?”  I already had a preconceived notion about what I could expect and was cringing! To my surprise, the customer representative immediately picked up on my slight displeasure. There must have something in my voice! She said, “unfortunately we can’t just have them transferred…due to federal regulation, but I will call your doctor’s office and get the information. Please allow me a moment and I’ll take care of the details for you.”  She put me on hold and came back on the line 3 times within a 5 minute period to assure me she was working on it. She then confirmed my prescriptions and said “Ms. Chapman, the prescription you require will be mailed to you within 5 days.  If you need something sooner, I can certainly arrange that.  I said, “That’s perfect timing.” I was ecstatic. I didn’t have to jump through hoops.  She then said, “in the future, all you have to do is call us directly or visit our website and we’ll take care of it for you right away. Here’s my number, if I’m not available, just leave me a message and I’ll return your call promptly!”  I was absolutely certain this was going to be a hassle, but instead I was delighted by the representative’s concern for my situation. I was so appreciative. She genuinely cared. Since then, I have continued to call this representative every time I need something. I’ve developed quite a bonded relationship. The point here is how do you want your employees to show up and deliver on your brand?  What behaviors and standards do you have in place that set you apart from your competition and create the ULTIMATE in CUSTOMER APPRECIATION? Make sure your employees are trained in these standards with consistent policies and practices in place for them to deliver consistently and seamlessly with your customers at every touch point. Lastly, make sure your employees are sensitive to pick up on the slightest cues and are empowered to take the initiative to do whatever it takes to “Wow” your customers. Did you know? A shift in customer retention by as little as 5% can account for more than 20% improvement in profits, and in certain industries can account for as much as 50%-100%.  Remember, powerful brands are not built by default.  They are the result of a deliberate and conscious process starting from the Inside Out.Sign up for Ignite Your Business Brand DNA! A Step-by-step Program to Skyrocket the Growth of Your Business: Define It, Create It, Build It, PROFIT! Discover your unique business brand DNA of values, style, standards and differentiators. Leverage this blueprint to engage and motivate your employees to create consistent “Wow” experiences that win customers for life and grow your business exponentially! Go to www.BrandDNAProducts.com.

Before we get too deep into the New Year, we’d like to challenge you with another question. Do you know what percentage of your revenues is repeat business? If your answer is no, then how will you grow your business? Did you know it takes 5-7 times more money, time and effort to attract a new customer versus retain and upsell an existing customer?

According to Fred Reichheld, author of Loyalty Rules, and Bain Fellow (Bain & Company, Inc.) and Founder of Bain’s Loyalty practice, “an increase in customer retention of 5% increases profits 25%-100%.” So, what are you doing with your business brand to retain your customers? How are you consistent? Do you show up the same way every time walking your talk? How are you distinctive? What makes you decidedly different from your competition? How are you relevant to your market? Do you connect with your customers’ and employees’ values and needs yet are true to your values and needs as a brand? Check out more about Consistent, Relevant and Distinctive in our Ignite Your Business Brand DNA to Skyrocket Your Growth.

We invite you to share your success practices. We also want you to put yourself in the customer’s shoes and share your experiences of being loyal to other brands. Thanks in advance for sharing!