Coca~Cola. Nike. Google.
Oprah. Dr. Phil.
What success principle do these 6 'entities' use that can quickly help you build your business?
I'll answer this question in a second, but first.
Here, check out the ONLY 3 ways to grow a business.
1) Get more customers - 'customer acquisition'
2) Increase the size of the transaction - 'upsell'
3) Increase the frequency of purchase per customer
Ok, got that? It's very important. Great.
Onward.
Here's a concept that took me a while to 'get', but once I did it opened my eyes to great wealth building possibilities.
What do those 6 'entities' have in common?
They're all there own BRAND.
Yes, whether they're an individual personality, Ex. Oprah, or a company, Ex. Nike, both of them are their own brand and you know who else is?
YOU.
Yes, you.
I find that most home based entrepreneurs and small business owners don't realize that they are their own BRAND.
Yes, how people perceive you and your business says a ton about whether they'll do business with you. (Especially for their 2nd purchase from you.)
Branding is bonding.
Branding is about 1 to 1 relationships.
Branding is about becoming valuable to your target market.
Branding is feeling.
Have you ever thought of yourself as a brand?
I mentioned the 3 ways to grow a business above because if people like you, trust you, and you help them, you'll get an increase in all 3 ways.
An increase = more money in your pocket.
One of branding strategies I suggest is sending 'thank you' postcards or 'Happy Birthday' cards to people in your world.
Yes, it's a simple strategy but it says a ton about you.
Oprah, Dr. Phil, and Nike all know that everything they do helps or hurts their brand and so should all of us.
Ask yourself:
What is my brand?
How would others describe myself and/or my business?
How can I improve my brand?
We're ALL 'The Brand Called You'.
If it's a new idea for you, think about it because it can help you short and long term.
Speak soon.
Mike
No comments:
Post a Comment