Your brand identity is a melting pot of your business values, mission statement, communication, visual elements, and audience perception. In other words, it’s a characteristic inherent to your business – intrinsic traits that impart personality to your brand and help you connect with your customers.
And considering that you have anything between a tenth of a second to seven seconds (quite a tight window, one must say) to make a lasting first impression, having a solid brand identity can tip the scales in your favor. Here are some tried and tested strategies to build a stellar brand identity:
Identify Your Value Proposition
| 64% of businesses have an established value proposition. However, only 2.18% of these value propositions are considered meaningful. |
Understanding the core values, philosophies, and beliefs that form the foundation of the business is necessary for the success of any branding effort. And so, brand identity starts with the business’ value proposition.
But what is a value proposition? In simplest terms, the value proposition is a summary of how your products or service can improve the customer’s life.
An effective value proposition is:
What it is not:
| 5 seconds: the time taken to read and understand a company’s value proposition. |
Typically, a value proposition contains:
Design a Compelling Logo
| 10 seconds: the time required for a buyer to form an opinion about a business logo.However, it takes five to seven impressions before the logo becomes recognizable. |
A logo is the most precious brand collateral that forms an almost instant visual association with your brand. As such, businesses are unafraid to sport these on all marketing assets, be it custom t-shirts, vinyl banners, adjustable pop-up displays, window signs, decals, and more!
Think of McDonald’s golden arches or Nike’s Swoosh symbol; one look at these logos can conjure the brand name – indicating its carefully curated brand identity.
| 80%: the increase in brand recognition upon using a signature color. |
Designing a logo that reflects brand identity is a long and strategic process that changes from business to business. However, it will often feature the following steps:
Establish Brand Guidelines
| 60% of US millennials expect brand consistency across online and offline channels. This strategy can uplift revenue by 23%. |
The logo is just one piece of your branding efforts. The other elements could be the company’s story, color palette, voice or tonality, imagery, etc., which form a part of your brand’s persona.
To faithfully replicate this brand across different platforms, businesses have to create brand guidelines – a document that standardizes the process.
| 33%: the increase in revenue through the consistent presentation of a brand. |
Apart from the elements of a brand, the brand guidelines should also contain:
Create Useful Content
| 82% of consumers perceive a brand positively upon reading useful and custom content. |
Content marketing is an excellent way to carve a niche for your brand and make it stand out. It leverages storytelling and personalization to help with the discovery, trustworthiness, and adaptability of a brand’s identity.
From building a brand from scratch to rebranding a popular brand – content marketing can do it all.
| 63% of consumers have engaged in poor or disappointing brand content, resulting in a churn of 23%. |
Apart from creating valuable content in-house, brands must also focus on repurposing user-generated content as it is seen to be more credible and relatable.
Stay Real
| 86% of consumers consider authenticity to be the prime consideration while supporting a brand.Honesty is closely followed by friendliness (83%) and helpfulness (78%) at the second and third spots, respectively. |
In the era of digital distrust, consumers around the world appreciate authenticity now more than ever. As a result, companies are expected to be rightful and transparent in how they present themselves, conduct business, and treat their employees and customers.
| 94% of consumers would stay loyal to a brand if it offered complete transparency on various business aspects. |
You can build brand authenticity by:
Brand identity is the sum of many moving parts. So use the tips and tricks shared above to devise a formula that works for you!