When we study a client’s industry, most often the collective marketers look and sound pretty much the same. If an enterprise doesn’t make its distinction apparent, how will its customers/prospects perceive it as being different from any other source? How will associates know what distinguishes their organization? To market effectively, an entity must clearly define what’s unique about itself and/or its products/services and communicate this clearly to its internal and external audiences.
Differentiate or discount
You risk commoditization when your offering is perceived as being no different from that of the competition. A well-defined brand creates the perception there is no other offering like yours. Once this is apparent to your target market, pricing becomes a less important factor when a buyer is comparing you to competitors.
What’s your distinction?
Most entities have something unique to offer their market, but may not have discerned what this is. Your company’s product, service, process, or mindset may be unique in your industry. Look deep within and determine what you provide that no competitor does.
Gather input from a cross-section of associates, top to bottom and across all departments. Ask each person, “What’s unique about our company and/or its offering?” The combined feedback becomes the list of potential unique selling propositions (USPs). Boil down the long list to a few USPs that are truly unique.
Which USP is most important?
Once you’ve compiled the internal list of potential USPs, it is essential to get your customers’ input. The USP that you ultimately promote must not only be unique, but it must be what your customers want or need. So, ask customers to rate the importance of the USPs you believe to be unique in your industry segment. Your clients’ input will help determine the focus and gist of your brand message.
In one case, Borns surveyed Agility Therapy’s customers and found that Agility’s “willingness to be adaptable, agile, and responsive to the needs of their customers” is the most important of the five USPs we presented. These customers also revealed that Agility’s major competitors were not flexible.
Borns coined the word flexagility™ to convey Agility’s most important USP. This is featured in their brand message: Delivering flexagility™, every way, everyday.
Name it and claim it!
Once you have confirmed what’s really unique about your company and most valuable to your customers, it’s time to express this point of differentiation. So, in the fewest words possible (three to five), coin a word and/or craft a phrase that defines your claim of distinction. This becomes your brand message, which is the centerpiece of your brand.
What’s your EBM? Time for name change? Got domains?
So, what’s it mean?
Now that you’ve met the challenge of capturing the distinction of your company, product, and/or service in a concise brand message, you must expand on it to clarify its meaning. We call this the expanded brand message (EBM). This becomes the language for your elevator pitch and marcomm such as the message on your website homepage.
Don’t let those USPs go to waste
When you surveyed your customers, some of the other USPs may have been rated fairly high. If so, weave these USPs into your EBM to give your customers and prospects even more good reasons for doing business with your organization.
We need backup!
As you promote your brand, it can gain credence much faster if you prove your claims. Collect examples of how your unique offering has benefited your customers. This could be published in the form of a testimonial or case study.
Oh, what about our name?
Does the name of your company reflect what your entity does or offers as it did back when it was established? Has the name kept up with the times? Or has your industry changed and left your name meaningless or archaic? As you evaluate your overall brand, this is a good time to evaluate your name. This is also a great opportunity to tie the name and your brand message together.
When we conduct keyword research for clients, we determine the actual words/terms searchers are using when they are looking for specific products or services. We do this research when we are designing a new website or optimizing a client’s existing site. We have also modified companys’ names based on the keyword research findings.
As an example, we changed the name of Agility Health to Agility Therapy based on keyword research results that showed us ‘Therapy’ was most often included in the combination of words when searchers were looking for rehabilitation services e.g., “contract therapy providers”.
Get those domains!
Among other reasons, purchasing your website domain names will protect your brands. We discovered that a client’s competitor had purchased the domains of our client’s equipment brand names. It was obvious the competitor wanted to capture business (e.g., parts, service, new equipment) that may have otherwise gone to our client.
Names/domains to consider:
- business name and variations
- brand messages/tag lines
- keywords and phrases
- product names
- service names
Purchase your domains with the most popular domain extensions: .com, .net.
Next comes brand implementation
Once your brand has been developed, then comes the action of branding (i.e., implementing, extending, fulfilling). This is covered in the Marketeering issue on ‘Branding.’
If you want to learn about Borns’ reDiscoverSM brand strategy or need help with developing and implementing your brand, please contact Randy Borns at email@example.com.
Download this issue of Marketeering
Brand (brand) n. a claim that an offering is unique, more valuable
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