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The Importance of Company Branding

By Alan Gillies

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Published: 31Mar2009
Word count: 516
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A Company Brand is a definitive way of communicating to your customers who you are and what you represent. It is specifically designed to help people immediately identify your company. It may be the logo, tag-line, slogan - or any similar thing. Brand is equally important for both major corporations and small companies. However, the path taken by these two examples is very different, primarily owing to the financial constraints experienced by the smaller organizations.

We generally associate brands with large companies, but keep in mind, a carpenter posting up small pieces of paper showing how and where someone can contact him is also a branding method. So, we can clearly see that branding is not a privilege reserved for the large scale organizations, because even businesses operating at a very small scale can easily start building a brand. However, you should be cautious about choosing an identity too quickly, and when really considering a prospective logo seriously - test it out, and make it familiar with as many people as possible prior to investing any substantial amount of money into it. Also, hiring a professional to help you with the branding process will usually be a smart move. For instance, building a website and blog or participating in various local business events are all very effective options which can greatly help you with your branding process. So, building a brand is just as much a realisable possibility for small businesses as it is for their big business counterparts.

Though market penetration is often taken as a synonym for effective branding, it should be understood that the number of people who know a brand by sight is just one aspect to be considered when weighing up whether or not you've got a really good company brand.

Associations with the people we regularly deal with as part of our business directly contribute to the building of our brand. We all have in our neighbourhood a family business which has been running since - we can't even remember, and it hasn't only survived, but thrived. This is possible because of the long lasting interactions which have been developed in their communities. So, a business such as this example is no less exceptional than a large-scale counterpart in terms of truly successful branding.

To conclude, building a brand is not about trying to make every person on this planet know your logo by sight, but bringing to perfection every possible business related act, right from the way you take an order to the packaging of a box. These things may need some changes, specifically in the way in which your organization operates - but once done, your business will take off in leaps and bounds towards a branding success. Small businesses need to break the mould relating to the concept of branding, and make use of every advantage to the fullest. The myth that "building a brand requires lots of money" and the idea that "large scale market penetration is synonymous with branding" are notions which need to be overcome if an up-and-coming branding success is to be achieved.

Alan Gillies is the Managing Director of the L2L Group, specialising in providing Executive Coaching, Training and Consultancy Services to Businesses across the Globe. Want to learn more about these business success strategies? Get Alan's popular FREE ebook today!

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