consumers

Brand Building: Attracting Your Ideal Audience

776 415 Shout Out Studio

Whether you are establishing a new brand or taking a closer look at an existing brand, one key aspect to take into account is your audience. Furthermore, are you attracting the audience you want? Successful brands are able to identify and align with their audience in a way that is both natural and genuine.

The ability to identify your ideal audience allows you to establish a connection between your brand and your consumers. Having a clear understanding of the type of consumer you want gives you an advantage when it comes to the rest of your marketing efforts. Even if you’re a small business and don’t want to exclude a potential customer, identifying your target audience is crucial to branding.

Values: The values of your company should be apparent in your brand. Are you a company who values tradition and quality? Or do you value innovation and contemporary style? These types of questions should be able to be conveyed simply through your branding. That’s why luxury brands don’t waste resources by trying to reach out to every consumer. That’s also why their branding reflects the exclusive lifestyle they want to attract.  They focus on being selective, high quality, and not available to the everyday consumer. By doing this they set themselves apart and attract the type of customer they want.

Social Media Engagement: What kind of audience does your brand attract on social media? Is it a younger crowd who enjoys entertaining and humorous content or is it an older crowd looking for engaging and informative content. Does it mirror the type of people you hope to attract as customers, or are you missing the mark? Social media is a great way for companies to see where they stand when it comes to branding. It gives both the consumer and the company an opportunity to give direct feedback to one another.

Be Original: It’s easy when developing a brand to look at what is working for other companies. While this isn’t necessarily a bad thing to do for inspiration and ideas, it is a bad thing to do when you try and mimic another brand. To stand out from the crowd and attract the attention of people, you have to find your own image. Even though two car companies are fighting for the same customers, they tend to go about it from a different angle. They have their own story to tell, and that story is unique to them. Find your unique story and use it to build a brand that is all your own.

Don’t Over-do It: Trying too hard to appeal to your audience can come off as just that, forced. Don’t make promises you can’t keep, and don’t be something you’re not. Find the middle ground that keeps true to your company, but is also attractive to the audience you hope to gain. This middle ground will be the best opportunity for success.

Lastly, think about the long haul. Build a brand that can be adapted over time while staying relevant to your target audience. Building a brand for the now is setting it up for a complete overhaul. Keeping the long-term in mind will help you build a brand that can stand up to the test of time. You will always need to adapt because your audience won’t stay the same forever, but adapting is easier than changing.

Photo Credit: Roger Reuver

Money

Marketing Your Value

880 461 Shout Out Studio

“Strive not to be a success, but rather to be of value.” – Einstein

The technical term of value is the benefits a customer receives from buying your good or service. Here’s the hard part, folks: Value is in the eye of the beholder… so one person could hold your company value to a different standard than others. The question you should ask is who should value your value:

1. Yourself:

You have to establish a great value within yourself and what you do well. Without true value marketers can’t communicate benefits to the customer very well – at least, we hope not. A huge challenge to a marketer is to connect that true value to the customer.

2. Consumers:

One important thing to remember when you are marketing your value is to market with consumers – not to them. See the problem is marketers have to make sure that your consumer appreciates the value of your product/service. Marketers who understand that know that their company value will be more successful if they build relationships between the product/service and the consumer.

3. Competitors:

How do you go about creating a valued advantage over your competitors? Like we said, you first have to find the value in what you do really well. Second, you have to find value in what your competitors don’t have value in… say what?? Basically, you have to hold what you do to a standard that your consumers will acknowledge and therefore create brand equity in their minds – that is the value you hold over your competition.

Photo Credit: Unhindered by Talent

© 2021 Shout Out Studio, LLC