A Brief Guide to Brand Management for Startups

brand managementManaging your brand is of vital important for startups. In a world of increasingly commoditized products and services (especially in the digital space), a well developed brand differentiates your business, communicates your value proposition, and conveys important information about who you are and what you do.

Here are some key startup branding and brand management cornerstones to remember:

Focus on Creating Experiences

I recently finished reading B. Joseph Pine II and James H. Gilmore’s paradigm shifting book The Experience Economy. Pine and Gilmore contend that to realize success in the modern economy, companies should focus upon creating innovative and enduring experiences rather than products or services. The authors credit the creation of compelling experiences for the growth and terrific success of onetime startup’s Apple and the Geek Squad.

The book got me thinking a lot about the importance of branding, since I’ve always believed that a company’s brand is a summation of customer touchpoints; it’s the experiences you are able to create, the conversations you are able to foster, and the feelings you are able to elicit. To build your startup’s brand, be creative in how you design an experience.

As Pine and Gilmore point out, Apple was able to enhance its brand through innovative retail stores by analyzing the hospitality experiences of boutique hotels. The Geek Squad created a great brand by embracing elements of theatricality in its operations. Focus on designing great experiences for your customers and your brand will come naturally.

Be Your Brand

A simple Google search on ‘branding’ will turn up a great deal of information on the merits of ‘living your brand’. Solid brand management principles should be ingrained in every company’s culture, but startups are in a unique position with regard to this philosophy. For a new company with a small number of employees, branding is as much about you as it is about the company. You’re the driving force behind your startup, so act as if it’s an extension of yourself. Since effective brand building is as much a question of internal culture as external efforts, train yourself and your employees to channel the brand in all interactions with customers and third parties.

Design Matters

First and foremost, it’s important to remember that good design cannot make up for poor branding. A creative logo or beautiful website become meaningless when not integrated into a cohesive brand management program. However, don’t under appreciate the positive impact great design can have upon your brand. Creative and well thought out design elements help communicate key characteristics about your brand, increasing the attractiveness of your startup, helping to foster engagement and start customer conversations.

A solid brand management program is crucial to the long-term success of your startup. When building your brand, remember that in a digital world you don’t own your brand. Focus upon creating great experiences for customers, understand that your brand is an extension of your company’s culture, and embrace the power of design.

What other elements are important when building a startup brand?

If you’re looking for help building your startup’s brand through the creation of great customer experiences, check out how VA Partners can help.

A Brief Guide to Brand Management for Startups