Brainstorm Your Brand: Brand Identity
As a solo/micro business owner, you may not think that building a brand identity is something that you need to do. You most likely have a website, a business name, a marketing plan, and maybe even a logo. But is that enough? The short answer is.. maybe?
It depends on Why you’re in business in the first place? What you want your business to accomplish? Who your core audience is? And How you want to be remembered? But if you’re trying to build any kind of long-term sustainable business then building a brand matters as much to you as it does the big corporations.
When asked what branding is, most solo/micro business owners say something to the effect of my logo is my brand. Or they tell you all about their marketing strategy. Or they point to their signature product or service. Or they simply stare at you with that deer in-the-headlights look because they have no idea at all.
Let’s set the record straight. Branding is not your logo. It’s not your marketing strategy. And, it’s not your signature product or service. Brand Strategist, Marty Neumeier defines your brand as, “a person’s gut feeling about a product, service, or organization.” What does that even mean?
Basically, it means your brand is what your core audience says it is. This is why it’s imperative to know Why you’re in business. What you want your business to accomplish. Who your core audience is. And How you want to be remembered.
Without knowing these things, your core audience won’t have any clue whether or not they can trust that you can provide the solution to their challenge. In essence, they’ll believe your brand isn’t right for them when it may just be exactly what they’re looking for.
Your Brand Identity Matters
Your brand is the soul of your company. It defines your goals and objectives. It defines your message, your mission, and your methods. And it embraces your core values. Let’s look at one brand who knows exactly what it stands for.
An athletic clothing company that had humble beginnings in Vancouver, Canada starting in 1998. A design studio by day. Yoga studio by night. A company that has never wavered from those humble beginnings. Lululemon understands exactly Who they are as a company. Per their website:
Brand Identity for Lululemon
Why they’re in business: To create more than a place where people could get gear to sweat in, we wanted to create a community hub where people could learn and discuss the physical aspects of healthy living, mindfulness, and living a life of possibility.
What they want their business to accomplish: A constant that has never wavered is our desire to empower people to reach their full potential through providing the right tools and resources, and encouraging a culture of leadership, goal setting, and personal responsibility. Our core values of personal responsibility, entrepreneurship, honesty, courage, connection, fun, and inclusion are lived by our people every day and are at the heart of our unique company culture.
Who their core audience is: Guests, Ambassadors, and elite athletes.
How they want to be remembered: We create transformative products and experiences that build meaningful connections, unlocking greater possibility and wellbeing for all.
Lululemon creates an ever-evolving manifesto as a way to...” share our culture with the community. It’s an evolving collection of bold thoughts that allow for some real conversations to take place. Get to know our manifesto and learn more about what lights our fire.”
As you can see they know their core audience very well. Not every company would dare to be so bold. But this is what makes them radically different and sets them apart from their competition.
Questions For You
Here are a few questions to help you shape your brand identity.
Why are you in business? Aside from the obvious of making money. What is your big Why?
When you start a business making money is generally one of the top reasons why. But, if the only reason you started a business was to make money or try to “get rich quick” you didn’t start a business you created a side hustle. And one that most likely won’t last very long or be very profitable.
A business takes planning and a deeper understanding of what it is you’re trying to accomplish. If you’re in for the long haul, discovering Why you created this business will give you a foundation to build on. It’s time to channel your inner 3‑year-old and keep asking yourself Why you started this business until you know exactly Why from your heart.
What beliefs and core values are important to you as a company?
Click on the link to get a list of core values for yourself and your business. Take a look at them and write down the ones you resonate with.
What you believe about yourself and your abilities may very well either drive your company forward or stop it dead in its tracks. And, the company culture you create may attract or repel your core audience. Knowing exactly what you and your business stand for will allow you to move forward with integrity and confidence.
What do you do better than anyone else?
Knowing where your strengths lie and what you’re good at will allow you to communicate clearly with your core audience. They’ll be able to easily see just what sets you apart.
What makes you different from your competitors?
What is the one thing that makes you radically different from your competition? How can you use what you discovered in the last 2 questions to set yourself and your business apart from your competitors?
Penzeys Spice is another company who knows exactly what they stand for, what sets them far apart from their competition and they’re unafraid to stand up for what they believe in. To move forward, you have to lead the pack. They do it unabashedly.
Knowing Your Core Audience
Understanding who you are as a business allows you to communicate that understanding to your core audience on a personal level. Once they understand exactly what your business stands for, they can decide whether your brand is right for them or not.
Both Lululemon and Penzys Spice know their core audience and go after them even if it means alienating an entire demographic. Because knowing your core audience goes far deeper than just knowing their demographics.
Drill down to who your core audience is. You want to know them based on their traits and behaviors. Think about people you know and associate with that have the same characteristics you want in your core audience. Using the examples below create a list of traits you want your core audience to have.
Example:
- Funny: Has a sense of humor. Likes to joke, are bubbly and enjoy having a good time
- Spiritual: Comes from a place of authenticity and gratitude, able to see the possibilities want to incorporate their belief into all they do, overall positive attitude and mindset
- Open: To trying new and different ways to do things, willing to learn new technologies, willing to entertain new ideas, willing to help others
- Honest: No BS
- Action Oriented: Willing and eager to take action, interact, try things out, team player willing to help others
- Good Communicator: Able to communicate their ideas, able to take constructive criticism, able to give constructive criticism, participates in the ongoing conversation, polite and tactful
- Centered: No making mountains out of molehills, easy in all aspects of style.
- Invest: Sees abundance and feels gratitude in all they do. Willing to do what it takes to invest in themselves.
- Inspirational: Deep desire to create lasting change in their client’s life, service-oriented, coming from a place of wanting to be the change
What three words would your core audience use to describe your brand?
Now that you know who your core audience is, what language do they speak? Come up with 3 (or more) words that your core audience would use to describe your brand. Remember, these aren’t words you’d use, so do your best to hear them in the voice of your core audience.
At this point, you should have a pretty good idea of the Why, What, Who, and How of your business and the brand you want to create. Taking action is your next step. Use what you’ve discovered here to begin creating a brand that defines the soul of your business.
If you found this post helpful leave a comment. And, if you have any questions or need any further help creating your brand be sure to reach out: shonda@taylorberrydesigns.com. I’d love to hear from you.
For more strategies on how to build your brand grab your e‑book today.