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5 Ways Branding Will Add Value To Your Business in 2020: Common Studios
5 Ways Branding Will Add Value To Your Business in 2020: Common Studios
Common Studios
Hackney Downs Studios,
London, E8 2BT
+44 (0) 7473 45 88 77
kelsen@commonstudios.co.uk
www.commonstudios.co.uk
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Brand matters
01
Find your
North Star
If a company can define their ‘North Star’, the direction and definition of all
their communications will be infinitely more powerful. This guiding purpose
can have a major impact on how your brand is viewed in the market and,
ultimately, can be the driving force behind your success.
In this new world, brand principles have evolved to offer more dynamism
and deeper connection. What we traditionally have thought of as brand
attributes is better articulated as personality; brand promise becomes
relationship and brand awareness becomes meaning. In this world, your
business trajectory will be in step with what your customer believes you
can deliver.
Brand Idea:
‘The Wellness Alchemist’
XOI Botanicals
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02
Reinvent yourself
02 Reinvent yourself
The key benefit of any rebranding project should be to boost your bottom
line. Reaching new clients, standing out from competitors, showcasing your
expertise and expanding your influence and reach are all effective ways to
increase your profits – just by giving your brand a new look.
For some companies, changes in a market situation can put their existence
under threat. The digitisation in society, in particular, is making it necessary
for certain sectors to reinvent themselves. Different requirements call
for different products. Some fashion brands have closed their physical
stores to only sell clothes online, and companies like Amazon have
evolved incredibly over the last few years by becoming a completely digital
department store.
It’s important that your website is fully flexible, easy to update and
maintain, and works across a range of devices, especially mobile. A brand’s
website is often the first port of call for many people when they’re looking
to find out more information about a company.
03
Reach new
audiences
One of the biggest advantages to refreshing the look and feel of your
brand is the ability to reach new customers. Rebranding presents an
opportunity to enhance and enliven a business – drawing a brand closer
to target audiences and drawing in new audiences.
Target audiences, positioning and market share can all change during a
product or company lifecycle. What was once highly effective may now
be holding you back, which means your branding needs to be updated to
reach a new audience.
It’s important to ensure that your new customers and prospects can
connect with your brand. A good strategy will allow you to not only reach
that audience, but speak their language.
04
Overhaul your
image
Over time, cohesion can be diluted and a brands image can lose touch
with it’s effectiveness. Consistency within your brand will help increase
the overall value of your company by reinforcing your market position,
attracting higher quality customers and raising the perceived value of your
products or services. In contrast, inconsistent behaviour quickly leads to
confusion and mistrust.
With growth comes the need for a well thought out brand, closer
understanding of your audiences and continued focus on service and
experience across all touchpoints. It’s a new world out there and people
need to know who you are, today.
Brand Images:
Finlay London
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05
Stand out in
the crowd
It may seem obvious, but it’s a highly competitive market and you need to
stand out to survive. What makes your company special in a competitive
landscape?
As you grow, your capabilities may begin to directly compete with those of
your competitors. Maybe there’s a new player on the market that provides
a product comparable to yours, but with aspects that are more in line with
customer desires. You now either need to catch up or recreate yourself in
order to stay in the game. Your rebrand should enhance your brand identity
in a way that appeals to both existing and new customers.
Your company needs a unique voice, look and feel to communicate why it’s
different from its competitors and gain a greater market share. Rebranding
will help establish your business as an industry leader with a personality
that appeals to your audience.
Common Studios
Now, more than ever, a brand’s ‘why’ is key to it’s success. Common
studios started from the idea that people benefit when business is a force
for ‘the common good’. If a brand can identify it’s purpose and connect
meaningfully with the right audience, it can go where it needs to go. We
strive to create clear ideas that resonate with your audience.
Let’s talk
kelsen@commonstudios.co.uk
+44 (0) 7473458877