I’ve Got Bills To Pay & You’re Talking About Brand Building?
Not every single marketing activity will translate to direct sales! Can someone please scream this from the rooftops? If you’ve worked in a marketing capacity, you know this. And you also know a lot of clients straight up refuse to accept it. It’s easy to want to connect all marketing activity directly to ROI. Some of these activities, such as social media, may be viewed as extras and add-ons because they do not translate to direct revenue, but do they help in solidifying the overall brand picture? You bet! It’s imperative to place brand building and sales activities in separate categories. Although they might occasionally overlap, they must be treated as different actions, with different strategies that generate different results. [bctt tweet=”if consumers feel your brand is wack, they won’t be willing to pay much for it – Oluwaseyi Bank-Oni” username=”SheLeadsAfrica”] It is easy to overlook the importance of building a solid brand before diving straight into selling. Especially after investing funds into a business. Granted, in the beginning stages of running your business, you might command profits left, right & center. But what keeps your clients coming back? What prevents them from switching to a competitor selling the exact same product or services for slightly less? Your brand – that’s what! Big brands invest millions of dollars in building and maintaining a certain brand image with no direct translation to sales. This is not just for fun or because they feel like splurging. It’s because they understand the value and the equity that comes with a solid brand name. Even the good book says, “A good name is more desirable than great riches. To be esteemed is better than silver or gold”. Hallelujah, somebody? Take Coca-Cola, for example, this brand participates in different types of brand building activities designed to trigger emotions, nostalgia, and certain positive feelings associated with the brand. Amidst these activities, Coca-Cola products are not explicitly sold. Why? The brand understands the value of building brand equity with their current and potential consumers. What is this brand equity, you ask? It is simply the value placed on a particular brand, based on the experience, feeling, or perception a consumer attaches to it. Simply put, if consumers feel your brand is wack, they won’t be willing to pay much for it. If they view your brand as the best thing since sliced bread, they will be willing to pay more for it compared to similar brands. Thus it has a higher equity and commands a price premium in the market. The problem with focusing on sales before boosting brand awareness and equity is that you may attract a slew of one-time clients. They buy and use your product, but have no connection to keep them coming back, so they keep it moving! A competitor product pops up the next time and they switch. Sounds familiar? Yeah, we’re all guilty of doing this. We’re also guilty of being extremely loyal to certain brands based on the value we have placed on them. For some mothers, only a certain brand of diapers will do for their babies, for others, such as myself, we buy fuel from only a certain brand of petrol stations. That’s the beauty of building a strong and trusted brand. There are many angles to this “brand equity” business, including consumer-based brand equity as discussed previously, employee-based brand equity, and more. As your business grows, employee-based brand equity cannot be neglected. In growing brand loyalty and equity, employees can be your most cost-effective brand evangelists. The people who will love and promote your brand from the mountaintops – for free. Let’s use Heineken as an example, I have a couple of friends who work for the brand, and as we say in Nigeria, they “carry it on their head”. Sometimes I think to myself, “Na your papa own this place?”-(Does your father own Heineken?) but guess what? The last time I was in Amsterdam, where the HQ is located — What was I most excited to see & do? To tour the Heineken brewery! The passion their employees have for the brand and the sincere love and joy that emanates when they speak about it, in turn, gave me the “ginger” and excitement to go see things for myself. When your employees truly believe in your brand and become loyalists (not just because you pay them a salary), something truly magical happens. They become one of your greatest and cheapest marketing assets. The word begins to spread organically and the positive brand equity transcends from employees to consumers. [bctt tweet=”When your employees truly believe in your brand and become loyalists (not just because you pay them a salary), something truly magical happens – Oluwaseyi Bank-Oni” username=”SheLeadsAfrica”] It’s understandable, you put money in, you want money out, and quick! Unfortunately return on investment is not always immediate or that simple. Recognizing the need for brand building activities which may not necessarily translate to sales in the short-term is the first step. Understanding the need to cultivate long-term meaningful relationships with your target is the next. While creating a distinction between brand building and selling activities, always remember to look at the big picture and think long-term. As Gary Vaynerchuk once said, “Brand is not transactional. Brand is forever”. Got an article to share with us? Click here.
WEBINAR WITH YETUNDE SHORTERS: THE P.O.W.E.R OF PURPOSEFUL PERSONAL BRANDING (JULY 19)
What comes to mind when you hear the term ‘personal branding’? A perception of oneself? A unique identity? No matter the thought, your personal brand reflects your reputation, your legacy, the people you surround yourself with, your authenticity…the list is endless! Having a well-defined personal brand requires you to be proactive about how you manage it. This starts with thinking about what you want to be known for and then taking purposeful action to ensure that’s the image you’re creating. So, what does it mean to have a ‘purposeful personal brand’? How can it earn you top dollar without blowing lots of schmoney on stuff that won’t even do justice to your brand? Join Yetunde Shorters, on Thursday, 19th July, as she shares secrets that will earn you multi-six figures without spending a dime on advertising or marketing through purposeful personal branding. Yetunde Shorters helps the inspired go-getter create an authentic, purposeful and fun personal brand that helps you do what you love while helping others, in a way that creates financial freedom for you and your family. [bctt tweet=”Discover the #power of purposeful personal branding with @Yetunde on July 19th at 12PM EST! Register here: bit.ly/yetundes” username=”SheLeadsAfrica”] Some of the topics we’ll cover Identifying where your purpose comes from and get clear on it Ways to elevate your personal brand How to develop a brand statement that represents you best Secrets that will earn you multi-six figures without spending a dime on advertising or marketing Register below to get access to this opportunity and submit questions you would like Yetunde to answer. Webinar details: Date: Thursday, July 19th, 2018 Time: 12PM Miami // 5PM Lagos // 6PM Johannesburg Watch Part 1 below: Watch Part 2 below: About Yetunde Yetunde Shorters is an international publicist and an industry leader in helping women entrepreneurs discover their purpose and provide value to the right people to make profits. She is also the creator of ICY PR, the Afropolitan Chef and Founder of ICY ACADEMY and a 4-time Amazon best-selling author. With over 15 years of experience working and securing publicity for multiple Grammy Award Winning Artists, International Celebrities and Entrepreneurs, Yetunde has been featured in Elle, CBS, Zen Magazine, Tropics and more. She is masterful at connecting her client’s sense of purpose to prosperity. She also uses her skills to help emerging entrepreneurs create value, save time and increase productivity. In partnership with She Leads Africa, Yetunde is launching A Purpose Breakthrough 101 session, a 90 minutes intensive brand clarity session, where she delves deep into your purpose to connect it to profits. She also runs the ICY ACADEMY PERSONAL BRANDING MASTERCLASS, where you learn strategies that get results, techniques that save you time and access to a powerful network of go-getters who provide the support you need to thrive in your purpose.
WEBINAR WITH SUPRIYA SHARMA: TAKE CHARGE OF YOUR BRAND WITH DIGITAL MARKETING (APRIL 19)
Building a successful brand can be risky business and quite a challenge, especially in this forever evolving digital space! FYI – that’s all about to change…keep reading! While you should tailor your brand’s strategy to its specific goals, how can you ensure that your brand stays ahead of the game, amidst the disruption, through digital marketing? Allow us to school you!… [bctt tweet=”Join @HodanTV for a webinar on April 5th, to learn about building a digital community.” username=”SheLeadsAfrica”] Some of the topics we’ll cover Building a community with the power of storytelling Tips for innovative storytelling using YouTube Building your confidence as a digital entrepreneur and African woman Register below to get access to this opportunity and submit questions that you would like Supriya to answer. Webinar Details: Date: Thursday, April 19th, 2018 Time: Lagos 11am // Johannesburg 12pm // Nairobi 1pm Register for this webinar with Supriya below: [ninja_forms id=170] About Supriya Join Supriya Sharma, on Thursday, 19th April, as she teaches us how to take your brand’s success to the next level with digital marketing. Supriya Sharma is the Managing Director of SAS Business Solutions, a global service provider catering to big business houses, SMEs and educational institutions. She has spoken at some international events of repute on topics that include Leadership & Women, Time Management, Effective Business Communication, Being beautiful, Emotional Intelligence in the Workplace, Digital Marketing (take charge of your business) and Entrepreneurship. [bctt tweet=”Take charge of your business through digital marketing with Supriya Sharma on April 19th. Reg here: http://bit.ly/SupriyaSharma” username=”SheLeadsAfrica”] Some of the topics we’ll cover Steps to choosing the right marketing network Best practices to curating valuable and shareable content Tips for leveraging the right brand influencers A guide to effective content promotion via social campaigns Building a sustainable brand strategy with digital marketing Register below to get access to this opportunity and submit questions you would like Supriya to answer. Facebook Live Details: Date: Thursday, April 19th, 2018 Time: 11AM Lagos // 12PM Johannesburg // 1PM Nairobi Watch here: About Supriya Supriya Sharma, is a certified corporate trainer, coach and motivational speaker who began her academic journey as a scholar (gold medalist) in aerospace engineering. She was offered full scholarships at renowned US and UK universities and further developed her skill set to be an astute management professional gaining valuable experience in HR, corporate communications, sales and marketing. Seeing the current status of the world’s economy, Supriya decided to pursue a course in entrepreneurship from one of India’s Ivy League business schools, where the idea of SAS was born. In 2014, Supriya represented Nigeria in the Dreamforce Conference which was held in San Francisco, USA. To add, she has conferred the title of Ms Intelligent – Lagos & Ms Talented – Lagos in the Beauty Pageant organised by ICA in 2017. Supriya strongly believes in giving back to the society as a part of her responsibility. In this view, she actively volunteers her time to develop employability skills among the Nigerian youth and is closely associated with women empowerment missions across Asia and Africa.