What is the value of a Brand to a business?
Let’s look at how it has affected one of our clients.
What a year… but how did it all begin?
“I need a logo, just as a bit of fun for our garden kitchen… is this something you can do?”
The answer as always is Yes! But what was different about this particular client?
The Squid and Tonic Team worked through dark evenings, rain and freezing temperatures to bring the Street Food message to Ripon and the surrounding areas and looking at the online reviews people loved it. This hard work and constant feedback allowed Squid & Tonic to develop their food offering and a string of events were booked.
It all sounds fairly easy so far, doesn’t it?
It actually takes a lot of work to make something look effortless. Paul and Carol have the drive and aptitude to make sure they have the right people on their team. From Brand and Marketing support services to working with local food producers.
12 months from the germ of an idea to a fully-fledged business is truly remarkable and Brand has been central to this. Colour It In is proud to be part of the Squid & Tonic Team.
So, is investing in a Brand for your business worth it?
Squid & Tonic is a perfect example of what can be achieved when you use your Brand to help build a business. They have pushed their brand to underline the quality of their business.
Take the use of branding greaseproof paper. This is usually the domain of bigger brands, but Colour It In can design and source products like this in small enough quantities to make it work for our clients.
From their desire to be part of a local food movement to the way they present their food, Squid & Tonic is a quality business, underpinned by a brand which they and their suppliers get behind.
Squid & Tonic continues to grow its brand and actively collaborates with other local indies. To Paul and the Squid & Tonic team quality is everything and brand is at the heart of the business.
In Paul’s own words “Cheers guys, thanks for all your help”.
What about your Business?
Here are some insights to show you where Brand can add value to everything you do.
- Differentiation
- Stand Out in the Market: A strong brand helps a small business differentiate itself from competitors, especially in crowded markets. It conveys what is unique about the business, whether it’s the quality of products, the customer service, or the business values.
- Customer Recognition and Loyalty
- Build Recognition: A recognisable brand creates an association in the customer’s mind, making it easier for customers to remember and choose the business over others.
- Foster Loyalty: A well-developed brand can build trust and emotional connections with customers, leading to repeat business and customer loyalty. Loyal customers are more likely to recommend the brand to others, increasing word-of-mouth referrals.
- Perceived Value
- Premium Pricing: A strong brand often allows a small business to charge premium prices. Customers perceive branded products or services as higher quality, justifying a higher price point.
- Perception of Quality: Even if a small business offers similar products to its competitors, a strong brand can create a perception of higher quality or value.
- Marketing Efficiency
- More Effective Marketing: A cohesive brand identity makes marketing efforts more effective. Customers are more likely to engage with a brand they recognize, making advertising and promotions more efficient and impactful.
- Consistency Across Channels: A strong brand ensures consistency across different marketing channels (online, offline, social media, etc.), which reinforces the business’s message and increases its credibility.
- Trust and Credibility
- Build Trust: A brand that consistently delivers on its promises builds trust with customers. Trust is crucial for small businesses, especially when competing against larger, more established companies.
- Establish Credibility: A professional brand image can make a small business appear larger and more established than it is, helping it to compete with bigger players in the market.
- Emotional Connection
- Connect Emotionally: Brands often evoke emotions, which can lead to a deeper connection with customers. For small businesses, this emotional connection can turn casual customers into passionate brand advocates.
- Business Value and Equity
- Increase Business Value: A strong brand contributes to the overall value of the business, making it more attractive to investors or potential buyers. This brand equity can be a significant asset, especially in the long term.
- Sustainable Growth: A strong brand can provide a foundation for sustainable growth, allowing the business to expand into new markets or product lines more easily.
- Resilience in Tough Times
Weather Economic Downturns: A trusted brand can help a small business remain resilient during economic downturns. Customers are more likely to stick with a brand they trust, even when times are tough.
If your business needs to discuss Branding and what it can do for you, speak to us today on 01765 570073. Or talk to one of our clients and find out why they use Colour It In.