Small companies need branding too
Posted in Blog,Featured,Our ThinkingFebruary 18, 2012No comments
Working with SMEs of all shapes and sizes, one of the things that continues to amaze me is how smaller businesses often consider branding as the sole reserve of large companies. Why is this? Further investigation leads me to conclude it is because they misunderstand what branding actually is, that is they consider branding as simply a form of marketing, a visual way of helping a company stand out.
By discovering what their brand is about and in doing so, understanding the importance of branding to their company’s success, they are often left amazed they managed without a clearly defined brand.
What is branding?
At Clock we refer to brand as the DNA of a company. It is the essential component that enables everyone within a company to work together to form a cohesive strategy. Without a clearly defined and understood branding strategy, a company struggles to deliver a cohesive customer experience.
So if branding is so critical why are so many companies being run without a brand strategy?
Often it is simply because they have never had it, therefore they don’t know they need it. The point they discover their brand lacks focus is when they find themselves competing on price and are struggling to stand apart.
We work with many companies who are seeking to define their brand positioning.
They are looking to uncover what differentiates them. What makes them distinctive and what makes them compelling to customers.
Business consultants would consider this their territory. The point is brand strategy and business strategy share the same territory. Done properly, they go hand in hand – by understanding the business vision, the strategic plan and the competitor landscape, the brand strategy is there to clearly and distinctively communicate a company’s relevance. In other words if a company has a strong, clear, competitive brand positioning it gives customers a ‘shop window.’
SMEs not only need this as much as multi-nationals – they need it more.
They are often operating as ‘bottom-feeders’ – picking up business where the multi-nationals are not interested in going, often because the margins are too small.
By defining their area of specialism or unique operating style or personality, a smaller company can often create a space to sit free of many competitors. And in doing so, command a higher premium for their goods or services.
Now surely every company wants that?






