While the pandemic has encouraged a surge in business creation, one’s ability to provide a good or service is not enough. Entrepreneurs who wish to establish and grow their business need to understand the importance of personal branding. A company’s ability to brand sets it apart from the next. Effective branding identifies who the core customers are and keeps them engaged, wanting more.
Personal branding allows companies and small businesses to adapt quickly to the ever changing business world. This adaptability can positively impact the growth of a company as consumers tend to value honesty and candor from businesses. Success and failure are two terms that are not foreign to business owners. Personal branding being adaptable allows a company to recover from a failure by implementing quick changes to messaging or marketing.
Marketing is the primary tool used to help convey and establish a personal brand. This tool tells a brand’s story, in addition to showcasing products and services. In order to successfully market a personal brand, you must know the brand’s backstory. Marketing a personal brand can provide a competitive advantage and separate the business from others. Consumers are swarmed by advertisements every day, a unique brand message can separate your business from the rest.
Taking time to create a strong and adaptable personal brand can be an important and cost effective way to grow your business.
For help with your intellectual property needs, please contact the SBEC at businessclinic@elon.edu.