BRAND DEVELOPMENT
BRAND DEVELOPMENT
BRAND DEVELOPMENT
DEVELOPMENT
PREPARED BY: NOELEEN N. SIBAYAN
What is Brand Development?
Brand development is the process of
creating and strengthening your professional services brand. As we
help firms develop their brands, we divide the process into three
phases.
The first phase is getting your brand strategy right and aligned with
your business objectives.
Second is developing all the tools you will need to communicate the
brand, such as your logo, tagline and website.
Finally, there is the phase of strengthening your newly developed or
updated brand.
Your Brand Defined
◦ A professional services brand is best understood as your firm’s
reputation and its visibility in the marketplace. The strength of your
brand can be measured as Reputation X Visibility.
◦ There is another important dimension of your brand as well: how
relevant it is to your target client audience.
A 10-Step Brand Development Strategy
1. CONSIDER YOUR OVERALL BUSINESS STRATEGY.
A strong, well differentiated brand will make growing your
firm much easier. But what type of firm do you want? Are you
planning to grow organically? Your overall business strategy is the
context for your brand development strategy, so that’s the place to
start. If you are clear about where you want to take your firm, your
brand will help you get there.
A 10-Step Brand Development Strategy
2. IDENTIFY YOUR TARGET CLIENTS.
Who are your target clients? If you say “everybody” you are
making a very big mistake. Our research clearly shows that high
growth, high profit firms are focused on having clearly defined
target clients. The narrower the focus, the faster the growth. The
more diverse the target audience, the more diluted your marketing
efforts will be. So how do you know if you have chosen the right
target client group? That’s where the next step comes in.
A 10-Step Brand Development Strategy
3. RESEARCH YOUR TARGET CLIENT GROUP.
Firms that do systematic research on their target client group grow
faster and are more profitable. Further, those that do research more
frequently (at least once per quarter) grow faster still.
Research helps you understand your target client’s perspective
and priorities, anticipate their needs and put your message in language
that resonates with them. It also tells you how they view your firm’s
strengths and your current brand. As such, it dramatically lowers the
marketing risk associated with brand development.
A 10-Step Brand Development Strategy
4. DEVELOP YOUR BRAND POSITIONING.
You are now ready to determine your firm’s brand positioning
within the professional services marketplace (also called market
positioning). How is your firm different from others and why should
potential clients within your target audience choose to work with you?
A positioning statement is typically three to five sentences in
length and captures the essence of your brand positioning. It must be
grounded in reality, as you will have to deliver on what you promise. It
must also be a bit aspirational so you have something to strive for.
5. DEVELOP YOUR MESSAGING STRATEGY.
Your next step is a messaging strategy that translates your
brand positioning into messages to your various target audiences.
Your target audiences typically include potential clients, potential
employees, referral sources or other influencers and potential
partnering opportunities, to name a few of the usual suspects.
While your core brand positioning must be the same for all
audiences, each audience will be interested in different aspects of it.
The messages to each audience will emphasize the most relevant
points. Each audience will also have specific concerns that must be
addressed, and each will need different types of evidence to support
your messages. Your messaging strategy should address all of these
needs. This is an important step in making your brand relevant to
your target audiences.
6. DEVELOP YOUR NAME, LOGO AND TAGLINE.
For many firms, a name change is not required. But if you are
a new firm, are undergoing a merger or are burdened with a name
that no longer suits your positioning, a name change may be in
order. Even if you don’t change your firm name, a new logo and
tagline may make sense to better support your brand positioning.
Remember, your name, logo and tagline are not your brand.
They are a part of your brand identity, the ways to communicate or
symbolize your brand. You must live it to make it real.
And don’t make the mistake of showing the new logo around
internally to get a consensus. The name, logo and tagline are not
for you. They are for your marketplace and should be judged on
how well they communicate, not how much the partners like them.
Taglines
A tagline is about the business itself, and should stand the test of
time (it doesn’t change).
Taglines represent the tone and feeling you want for your
products or services.
It is often part of your company graphics ant it stays with you all
the time.
7. DEVELOP YOUR CONTENT MARKETING STRATEGY.