SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 27 Sep, 2014  

Branding.9.Thmb.jpg Consistency key to successful branding

Branding.9.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
Bikky Khosla | 10 Apr, 2012
What is your favourite brand of laptop, hair dye, tooth paste, or peanut butter? There are thousands of companies that are producing these categories of product, but when confronted with such a question, most of us would hardly take more than a few seconds to give our answers. We have only a few names picked out for each. That's how branding works. It helps one to quickly differentiate a product or a service from other similar products or services. From a marketer's point of view, branding, therefore, can be a magic wand for success.

Is it possible for a small firm to become the most talked about brand in the market? Some skeptics view it is difficult -- nearly impossible -- to create a successful brand while big guys are competing for share of the same cake. But I believe otherwise, and there is no dearth of small business success stories to support my view. Any business, big or small, can build a sensational brand from scratch, and many small and medium enterprises (SMEs) already did that in the past with extraordinary success. For example, Nirma, once started as a one-product, one-man outfit from a 100 sq ft room in 1969, is today among the most well-known brands in its category in and around the country.

Today, every small business owner knows that branding is critical to business, but many still do not seem to have a clear idea how a brand image could be created. Their efforts just never go beyond creating a unique logo, launching a product, marketing it, and putting some money on advertising. Of course, these factors are important by their own means, but branding does not happen that way. You cannot create a lasting impression just by doing that.

At the heart of branding, there must be consistency, determination and integrity.

None can create a successful brand within a few months. You have to think long-term, and work constantly on how your company can be transformed into a renowned brand. Branding is all about creating a lasting impression in your prospective customers' mind, and naturally it will take time. The journey is usually very long and tiring -- most of the times generating no immediate result. Only those who are determined enough not to give up can succeed.

Consistency and integrity are crucial. No doubt, a unique product may help you attract your prospects, or your marketing efforts will let them know about your brand, but so long you don't take these actions consistently, you can hardly move a step forward in creating a successful brand. In addition, branding must be built on what is true. You have to do what you say, deliver what you promise, and better if you over-deliver.

So next time you think about creating a brand image for your small business, get ready to go that extra mile. 
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

branding of a city
Sergey Romanenko | Sat Apr 14 12:38:59 2012
how about branding a city? is it the same?


Very effectiv
Chandran | Fri Apr 13 05:00:31 2012
Your article on Branding - Very simply written yet very effective and presented effortlessly. Thanks Chandran Harmony Texstyles


Branding
Sheihu Bafalul | Thu Apr 12 18:51:54 2012
Hi. How are you? Branding sometimes means naming the same category of a product with different, differing logos and names (of brands). Borrowing names of what are available in the market and which are on the move just by making change/s in the letters/numbers/phonic sounds the word gives out. This is also another way of branding. However there are only a few cases where this way of branding fails on the occasion such as a borrowed name of an After Market product  trespasses an O.E.M. products only when the quality there is assured with minimum profit margin of the After Market ones. I’d like to discuss the factors involving in brand-naming. Sheihu Bafalul 


SIR, THANKYOU FOR INVITING , JOIN ME
E.SANTOSHKUMAR | Thu Apr 12 07:29:24 2012
SIR, THIS IS .E.SANTOSH.KUMAR, THKS FOR INVITING , MY E-MAIL.ID.erlasantoshkumar@gmail.com Sir, any meeting call me cell:9550574341


branding..............
R.K.Seethapathi Naidu | Thu Apr 12 06:19:21 2012
Wonderful write-up! As a guest lecturer, I found most of the students of marketing are easy going type! Time & survival will teach the students: HOW TO ACT IN TIME! R.K.Seethapathy Naidu pathiplans@sify.com


Branding
S.M.Irfan | Wed Apr 11 08:45:27 2012
Dear Sir, Thanks for sharing your knowledge and words of wisdom. We are into mfg. of Health and beauty care products since last 20 yrs, and are really fed up with market peoples/ Clients upper hand. Even though we have a good reputation in market, still we are not considered as a known Brand. Can u please suggest some names of reputed Brand Consultants in Mumbai ? Please respond. Thanks and regards. S.M.Irfan 09322225104 gracenterprises2010@gmail.com crescentplastics@gmail.com

  Re: Branding
W. Jones | Wed Apr 11 09:36:59 2012

If you have served your customers for last 20 years with loyalty, I doubt that you're still unknown or relied upon. Analyze the buying behavior of customers - Are there repeat buyers? Are they regular buyers. Do they always buy only from you and not from your competitors? Get the answers. Try to think from a customer's point of view. If possible, note buyers' responses after sales on topics like Price: Is it lower or higher?, Service: Is delivery, after sales satisfactory? Are buying procedures fast and easy? If you find everything positive,be sure that your buyer are certainly spreading good words about you. They are creating a brand for you.

But don't ignore other aspects. You must expand marketing to let more prospects know about your brand, you must advertise to remind them you are there to serve them. Do some extraordinary: deliver products much before schedule, give small offers on 3-4 big purchase in a month (or 2/3 months), give rebate on bulk purchase, try guerrilla marketing tactics, advertise on B2B portals, make own website (with online order-payment options), advertise in local trains, etc), launch product and try to get the news published in a newspaper. I promise, it will benefit.

Finally, never allow any customer to exploit your business but just let them know that you care by your works - without breaking the set rules.


  Re: Re: Branding
R.K.seethapathi Naidu | Thu Apr 12 06:23:24 2012
If a buyer,buys ur product regularly,it confirms that ur product suits their taste-where the brand image start works: when u stop producing with quality, u r digging the graveyard for ur brand!

  Re: Re: Branding
Rupangudi Ravi Shankar | Fri Apr 13 02:23:46 2012
Whatever mentioned in the editorial highly true and relevant. But how many small scale units have the financial muscle to launch a brand building exercise?? Neither the promoter nor the financial institutions come to the rescue of the SSI units. Actually in my opinion we need to have focused funds like the VC and HNI who study the product and pump in money to make it success by building the brand image. Of course my suggestion will fall to deaf ears as no funding institution or HNI will take a long term position in investments more so in building a brand image which is non tangible asset. I once for suffered after creating a quality product(s) and could not build up a brand image in the market.

  Re: Branding
Sheihu Bafalul | Thu Apr 12 19:03:50 2012
Dera Mr. Irfan, I don't think, for the small and the SMEs, consulting an agency is, o.k. Just discuss with your partners or people in the field manufacturing companies if you are a marketer. See that the name can be pronounced easily with some attraction, modern, perhaps something of stupidity.


Tell me about a supplier
John Holland | Tue Apr 10 18:33:21 2012
Could you please tell me if one of the suppliers shown on your website is still a viable company The name is Multi Tech - they are located in Maharashtra, India - Our company is interested in purchasing an item they provide. The item is a Gas Volume Tester (measures pressure(psi) in bottles. 


 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter