Why Branding is Important for Start-Ups
Kris Kelley writes this week on the importance of branding for start-ups. Read on…
Branding is the process of creating a symbol, a name, a website or a design that identifies a company in consumers’ minds. It creates an impression and evokes an emotional response. Every company needs to develop a brand. This is particularly true for start-ups.
Getting a new company off the ground takes an incredible amount of energy, determination, money and time. The urge is to start generating revenue as soon as possible, so the idea of creating a brand often gets pushed down the to-do list. It shouldn’t. Here is why branding is important for start-ups:
Branding Builds Credibility and Trust
Getting customers to trust a new company is not easy, particularly if the competition is well established. Strong branding in the form of a professional, sleek website and a powerful logo give a start-up a better chance of success when going head to head with a reputable competitor. The more polished a start-up appears, the more credibility it has.
Branding Improves Recognition
A well branded business is easy to remember. This recognition often starts with a company’s logo. Think of the Nike swoosh, the Facebook “f” or the Disney magic castle. Consumers immediately recognize these symbols and connect them with their company. Strong logo or other design branding helps start-ups break through the noise and clutter from day one.
Branding Brings in New Customers
If a start-up has no branding or dull, boring branding, then how will customers remember where they bought their new jacket or got their hair cut? If they can not remember the name of the merchant, how can they refer their family or friends? How can they talk about their experience in a Facebook post? Start-ups need all the customers that they can get. Strong branding ensures that current customers will refer future customers.
Branding is key to any company’s success. If you are ready to take your business to the next level, then contact us. We are here to help you reach your goals.