Wednesday, June 26, 2019

Attention Startups! Branding Is Important!


Are you planning on setting up a new business? Or are you already on your startup adventure? No matter what stage you are at in your business life cycle, the two areas of importance are: what to do before investing in branding and after you implement brand identity design.


What is brand identity design?

We have all heard the word, ‘branding’.  Some understand it well and others think they do.  But, when the term ‘brand identity design’ is used, the majority of people (even the smartest of the smarts) get confused. To keep things clear: branding is an act of forming and improving the perception of a business in the eyes of its customers. Artists might appreciate the fact that, in essence, branding is an abstract concept. Brand identity design, on the other hand, refers to tangible items. It’s a design package which includes logo design, business stationery, promotional items, etc.  Brand identity design encompasses the official brand colors and fonts, making sure it is consistent across all platforms.   

Before investing in branding

You really should decide whether and how much you are going to invest in branding before you complete your research and development stage. Why? Because branding has a direct impact on the recognition of your business. The sooner you introduce your startup to the world in terms of visual exposure, the better you’re going to do when you actually enter the market with your products or services.

Every business owner should know that marketing starts before the launch of a product or service.  The process requires time.  Branding, however, should start as soon as the decision on your company’s name is set. Design your logo so it sets the tone for your vision.  Then start showing the world your logo so they can start to wonder what it stands for.  Start building the excitement.  Once people remember your logo, they’ll eventually recognize your ads without even seeing your name but by simply connecting the design principles (colors, fonts, layout) to your brand’s standards.

After implementing brand identity design

The brand identity design includes a variety of items that should be designed by the same person or team for consistency. Imagine a professional, luxury real estate business with stationery that doesn’t exactly match its logo and website or a set of envelopes and papers that are different than the symbol they are promoting. Counterproductive!

No matter how extraordinary your company’s services may be, customers may have trouble taking the business seriously. Instead, they will go to a competitor that took care of such simple details. The point? An investment in branding is a simple and worthy way to either gain a competitive advantage or to keep up with the competition.

This is especially true for startup businesses.  The first few months are crucial for survival – let alone the ability to compete with long-standing companies with deep pockets. Startups can’t afford to lose a client because of minor inconsistency across branding elements.  This is an easily avoidable situation.
It is almost an understatement to say that startups have a limited budget.  But, the great thing about effective BRANDING is that the cost is minimal.  Unsure where to start?  Contact the experts at SK Consulting!  From concept.  To creation.  To Implementation.  We’re there with you every step of the way!