In this age of social media, when you compete against brands with loyal customers and an unlimited marketing budget, you have to find ways to build a compelling brand identity to communicate with your target customers and form solid relationships for success. As per a survey report, 59% of customers prefer to buy products from brands they are familiar with. Even if you own a small business, a powerful brand identity can help you reach a broader customer base and urge them to engage with you. But how do you build a strong brand identity? Before I dive into the nitty-gritty of building a brand identity, let's first understand the term "brand" and the meaning of brand identity.
What is a Brand?
According to Jeff Bezos, the founder of Amazon, a brand is what people talk about you when you are not in the room. In other words, a brand is a customer’s perception of a business from various factors– be it a logo, website, advertising or customer service.
What is brand identity?
A brand identity is how you want to present your company to your potential customers, from its trademark to visual appearance, communications and more. Simply put, a brand identity is how it feels, looks, and differentiates you from the rest of the brands in the market. The basic elements of a strong brand identity include: • Logo • Design • Colours • Images • Typography • Illustrations • Data visualisations • Video and motion pictures • Web design • Business cards • Packaging • Email design Some brands (if not many) fail to connect with people despite creating a brand identity using these elements. Why? It could be because it was unable to interact with people. You have to create a brand identity that works for everyone. While designing a strong brand identity, make sure: It’s distinct from its competitors and eye-catchy. • It creates a visual impact. • It’s scalable. • It is easy to understand and use. • Its elements compliment your business.Significance of Brand Identity
• Good brand identity builds trust and familiarity. If you consider survey reports, you will notice over 59% of customers buy products from brands they trust. Having a distinct brand identity with a clear message can help you attract more customers. • A clean brand identity sets you apart from competitors. Every brand identity should demonstrate a unique element that leaves a memorable impression on people's minds and helps them differentiate its competitors. • An effective brand identity brings customer loyalty. You can only become a customer’s favourite if you provide a unique customer experience. You may find it surprising, but people would prefer to pay 16% more for a better brand experience.
6 Steps to Creating a Successful Brand Identity
Whether you are thinking to rebrand or build a new brand identity, you must consider a few mandatory steps to get through the process in a sane mind. So without further ado, let's get to it.