– What is your brand mission in the wider world? What do you want the brand to do?
– What is the future vision for the business? Where do you want it to be in five, ten, 20 years? A filter for decision-making If you get this process right, a tightly defined brand becomes a filter for decision-making within the business. It will also help define the culture of the business. It?s as powerful internally as it is externally as it really gives your people something to rally behind. Driving marketing efficiency Defining your brand?also drives marketing efficiency because the focus shifts to planning how you can use the plethora of channels available rather than being distracted by what you want to say. This is important when every penny of marketing spend needs to contribute a return. There is great disparity in the amount that businesses spend on their marketing. As a percentage of gross revenue, figures vary from just one or two per cent of turnover for established small businesses with few competitors, to upwards of 30 per cent for start-ups or major brands looking to get ahead of their competitors or establish a challenger brand status. But no matter what the size of the spend, it has to be effective and being crystal clear on your brand is the starting point to achieving this.?Don’t underestimate the exponential effect that engaging creative expression of your brand can have on the performance of your communications. Tell the story As if all of this wasn?t enough, a strong brand contributes to commercial success too. Look at any list of brands and as well as being well-known or trusted or recognisable, the odds are they will usually be highly profitable too. There is no room for me-too, look-alike businesses today. Work out what it is that makes you special and create a brand that tells your story to the world. Mike Rose is board director of The Mission Marketing Group and MD of Chapter
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