Repositioning a Brand - It's Going to Be a Long Road

A long road? It doesn't have to be. Today, branding is such a broad term used loosely to explain a concept that for some isn’t so easy to define. In our entrepreneurial training classes, we explain that the only way to describe branding is to say that ‘branding is everything’! From the way your employee answers the phone to how you dress and even how the company is structured internally. In fact, described by many professionals like LaCosta Lolly of LLS International Consulting, a international strategic firm, “developing a strong brand starts from the inside out”. I couldn’t agree more. I have taught in many courses that in order to brand or reposition an existing brand you must start from the inside out.

First, we analyze the brand through the process of what we call the branding wheel model which first starts with the company’s core philosophy. At that point we determine the organizations unique selling proposition moving into the entire brand architecture; ultimately, determining what that looks like and sounds like to the world through creative imagery and messages. To reposition a brand we have to take it a step further and redefine what the organization looks like to its stakeholders. This can be done through the perceptual mapping process. As you probably realize at this point, it isn’t going to be an easy task. It takes a highly skilled professional or consultant to help entrepreneurs step away from the business long enough to develop the foundation of a strong brand.The question is what can you do? The best thing you can do for your company is envision its future. Without your leadership and understanding of where you want to take the company – most likely you will not gain support from those who drive your vision. It doesn’t have to be a long road if you play the visionary role in your business. When repositioning your brand it’s best to understand how to shorten the path to successfully build positive brand equity in the minds of stakeholders.

Here are the top ten things you need to do in order to start:

1. Follow the branding wheel process
2. Develop scenario’s or what if situations
3. Take action (seems simple but many small businesses fail because they do not ‘TAKE ACTION’)
4. Hire someone to help you (a coordinator, an intern, a friend or relative or a consultant)
5. Review the trends 5-10 years out for your industry
6. Develop a spreadsheet that captures the benefits, features, advantages and disadvantages of your competition
7. KNOW the competition better than they know themselves
8. Network, network, network (both online and at events)
9. Remember the 5 P’s of marketing (Product, Placement, Price, People, Promotion)
10. Analyze your internal structure, your vision for the company and how you manage your people

If you want to learn more about branding or repositioning your brand, you can attend one of our free workshops (see events on our Face Book page) or you can visit our Web site. We offer a wealth of information to help small to mid-sized businesses augment their marketing and their brands. Learn from some of the brightest consultants in their fields of expertise like LaCosta Lolly, Harry Futch and others. These consultants have joined our team to deliver sound advice to our readers. Each of them have a passion for helping entrepreneurs realize their dreams.