From a marketing standpoint, we live in a world where it's more difficult than ever to stand out. There's so much noise and content floating around on the internet that it's become imperative to find a way to distinguish your brand to stand apart from the competition.
By definition, branding is the effort that you put into making your name, symbol, and/or design identifiable to your company. When branding is done well, your target audience will be able to easily distinguish your product from the competition's and have a clear understanding of why you're the better choice. By making branding the basis of your marketing strategy, you're able to let consumers know what they can expect from your company and be more memorable with your target audience.
It's human nature to seek validation from our peers, and thanks to social media, this innate characteristic that we all possess has been amplified. Whether we want to believe it or not, there's still something in us that wants to have the latest and greatest item to hit the market that will be the envy of our friends, whether it's a new pair of kicks or a savvy smart bike that allows us to take fitness to a whole new level. In today's digital world, the "cool" kids that are showing consumers the products and services that they need to be jonesing for are the social media influencers.
A consumer's perception of a brand has always been shaped by what others say about the business. However, thanks to the widespread adoption of social media and the growing number of online review sites, today's consumers are more exposed than ever to people's decisions about what to buy, wear, and like.
People have long embraced the concept of storytelling, and this beloved pastime has been carried down from generation to generation. Not only do stories offer entertainment value, but they also are an effective way to explain and educate an audience about topics that could be mundane or complex otherwise. This is why storytelling can serve as one of your most powerful branding tools.
When determining where to spend your marketing dollars, you need to shift your focus to video for the coming year. If you're like most business owners, you want to earn more conversions, and video content will help you to improve your conversion rate across the board--from social media marketing to the performance of your website. In fact, a recent HubSpot survey revealed that more than half of businesses consider video to be the type of content with the best ROI.
We live in what is known as a reputation economy. Your brand is really only worth what consumers perceive your reputation to be. The consumers' growing dependence on the internet to research products and services before making a purchase decision is a driver in this reputation economy, and what is being said about your business online is shaping your image and credibility.
The digital marketing landscape is constantly changing, and what worked well for you last year may no longer be effective in 2018. As a savvy business owner, it's to your benefit to stay on top of the latest digital marketing trends to ensure that you're visible to your target audience.
The start of a new year means fresh beginnings. Are you planning to launch a new business in 2018? If so, you should know that good branding will be your company's most valuable asset, especially in today's digital world.