Why It's Important to Have Strong Brand Values - Fraser Communications (2024)

Brand values are important for any business. It's important to be known for quality products and services in order to make an impact on customers. Core values should always be incorporated into a brand's look, language, marketing, and customer relations.

The world of social media and digital marketing can be tough, but there are a few simple things that you need to keep in mind. It's important for your business to have impactful values so make sure they're something worth standing behind and not just what gets the most likes. Make it clear as soon as possible who you are, why people should care about what you do, and how trustworthy your company is with their money by being honest from day one.

Why Should You Care?

A brand is the face of a company. It can be expressed in logos, slogans, marketing campaigns, packaging and customer relations.

Good marketing ideas are key to a company's image, but not all ideas may be worth it. A business needs strong core values so customers know what they stand for and the type of service that will come from their company.

In a bid to retain clients and catch new ones, it is important for companies to consider their branding. A company's marketing strategy should be to reinforce its core values while also being recognizable among competitors to build up their reputation.

The most successful businesses have powerful identities in order to make an impression on people, despite changes in technology

People want products and services that are reliable so they will repeatedly support the brands that make an effort to satisfy customers. The benefits of creating strong brand values include improved recognition, trust and connectivity.

Recognition

Impactful brand values improve recognition.

The key to branding is consistency. Branding pays for itself by increasing customer loyalty and strengthening your company's identity in the marketplace.

With the customers' needs in mind, you should be committed to what your business is about and hold quality at a high standard. You want your customers to trust you. Good brand values are an important part of setting the foundation for this relationship with them!

Trust

Powerful brand values build loyalty and create trust. Trust is the most important marketing tool for any business, so it's essential to be known in your niche and have a good reputation.

People want someone they can trust, not just with their money but also with their time. Your product or service has to live up to expectations.

Customers want assurances that your company will stand behind what you sell and you won't just take their money and run. Be honest and true with your customers and have your brand values reflect this. This creates deep bonds that last for years.

Connections

Your brand values are the foundation on which you build your business identity and personality. They're what people admiringly associate with your company, thanks to that signature look, language, and marketing strategy. They all tell a part of the story about who you really are as an organization!

You want your company to be known as one that creates quality and reliable products.

Authenticity is important because it makes people feel like they know you on a personal level. If your customers or clients are in touch with your core values from the beginning, it will make those business relationships smoother.

Remember that building connections doesn't just happen overnight. It can take time and requires consistent communication. Your brand values can be the basis for this connection. Once these relationships are established, all of this time invested becomes worthwhile when you see those sales go up high.

Define Your Brand, Raise Awareness

Your values are the things you stand for as a business. To identify them, create a list of values and think about what they mean to your company.

Select your core values and focus on these when marketing to customers. Maybe use a catch phrase that resonates with this value system on social media posts, television ads, signage at events - anywhere where people may see it.

Values are not just for marketing, they can influence how you run your business. Document policies and procedures in detail so employees can refer to these documents to know what is expected from them as a member of that organization. Include this language on employee handbooks as well as websites, brochures and marketing materials. Be consistent in your values wherever customers may see it too so they also understand what is expected.

Consistent communication between management and those lower down in the company hierarchy is crucial to ensure everyone is on the same page.

Now the question is what are good brand values? This depends on the business and its intent, but here are some suggestions.

Clean and Concise

Good brand values should be clean and concise.They should be shared with customers and employees.

This may seem like an obvious statement, but we've all seen brands that never clarify what they stand for. It's important to know your business values so you can be known for them and not just any old thing.

Solid values can give you a foundation to figure out what decisions your company should make and how you want to be represented. This is important because when people connect with the core of your message on an emotional level, they will be more likely to convert into customers.

Stand Out

Your brand's values should set you apart from the rest.

Have unique core values for customers to know what you stand for so they can see if they want to build a relationship with your business.

These can be incorporated into your brand’s look, language used, and customer relations. Customers are looking to align themselves with brands that share their interests and beliefs, so your company must have a loud voice. Knowing what you stand for is key in this age because people want to purchase from companies they believe in.

Customers are quick to leave businesses if they believe you don't care about or respect them. A company that turns its back on its customers reflects a bad look and you will see sales falling and customers leaving.

Financial Value

Trustworthiness adds to financial gains by making you look more dependable, authentic, and attractive to consumers so that they are willing to pay for your products/services over competitors. For example:

Apple Computers. Apple's brand values are based on simplicity. They also have a focus on design and quality, which is why consumers go to them year after year for their products.

Ace Hardware is known for focusing on family values that they want to share with the world. They create connections with customers through community outreach programs like building homes in Haiti or giving back during natural disasters.

Solidcore’s core idea is fitness combined with yoga-inspired moves that will help you sculpt your body into what you visualize it should be, while still feeling good about yourself throughout the process of getting there.

These are just a few examples. There are many more brands out there with impactful values that you can research and learn from to create your own brand identity.

Maintain that Reputation via Social Media

Maintain your company's reputation by actively fostering it.

Social media is a great way to maintain positive relationships with customers. Respond quickly and professionally when there are any negative comments about your product, apologize for the inconvenience or confusion caused if needed, and share solutions on how they can get back what's rightfully theirs.

This will show customers that their concerns matter which will, in turn, make it more likely for people in the market to trust those brands again - whether online or offline!

Tips

Here are some tips for utilizing your company values:

  • Think about how those values can be used in marketing, customer relations, and other ways to get the word out.
  • Create a tagline or slogan around those values.
  • Distinguish your values from goals. Goals are what you hope to achieve while values define who you are.
  • And research!

Research into customer needs, the market you're in, and who your exact demographics are. Based on that research, you can see what your customers value the most and have your own brand values reflect that accordingly.

Conclusion

You may not be aware of it, but the way to successfully market your business has a lot to do with how well people trust and remember you. Strong brand values are essential for building recognition and customer loyalty. If this is something that's important to you as an entrepreneur, take some time today to think about what qualities make up your core message.

There are many ways to construct these values; just keep in mind they should be clean and concise, stand out from the crowd, and of financial value. The best piece of advice we have for making your messages resonate? Make sure it’s in YOUR voice! Contact us now so we can help create a marketing campaign tailored specifically for you.

Why It's Important to Have Strong Brand Values - Fraser Communications (2024)

FAQs

Why It's Important to Have Strong Brand Values - Fraser Communications? ›

Powerful brand values build loyalty and create trust. Trust is the most important marketing tool for any business, so it's essential to be known in your niche and have a good reputation. People want someone they can trust, not just with their money but also with their time.

Why is it important to have brand values? ›

Brand values determine your brand's identity, message and personality. These brand principles guide story, actions, behaviours and decision making processes. Investing in and knowing your brand values is fundamental to ensuring your business remains unique in a saturated market.

Why is it important to build a strong brand identity? ›

Having an effective brand identity allows you to create a consistent brand and message across all your marketing platforms. A strong branding strategy is when all the marketing material has the same style and design. Building consistency helps customers easily recognize your brand.

What are the benefits of strong branding added value? ›

Benefits of a strong brand

It can help you build trust with customers, increase your market share, and drive sales. A strong brand can also improve your company's overall value, attract top talent, and create a sense of unity among your employees.

How do you communicate brand values? ›

How do you communicate and reinforce your brand values and personality across different touchpoints?
  1. Know your brand identity.
  2. Choose your touchpoints wisely.
  3. Be consistent and coherent.
  4. Be authentic and relevant.
  5. Be creative and engaging.
  6. Here's what else to consider.
May 25, 2023

What is brand value and its importance? ›

Brand value is the monetary worth of your brand, if you were to sell it. If your company were to merge or be bought out by another business, and they wanted to use your name, logo, and brand identity to sell products or services, your brand value would be the amount they would pay you for that right.

What are the effects of brand values? ›

Values are a key part of your brand strategy that can help you attract new customers, grow a strong values-aligned team, and build long-term relationships with customers. Establishing core brand values, and truly living them through your brand strategy, can lead to both a better business and a better world.

What is the value of a strong brand identity? ›

Builds loyalty and trust

A unique brand that differentiates you in the marketplace can separate your business from the competition. A strong brand that conveys your values builds an emotional connection with customers. This will attract them to your business if they share the same values.

What are the three reasons that branding is important? ›

Your brand is arguably one of your organization's most important assets. It gives your organization an identity, makes your business memorable, encourages consumers to buy from you, supports your marketing and advertising, and brings your employees pride.

How to improve brand value? ›

These steps build from a base to form a brand equity pyramid.
  1. Step 1 – Identity: Build Awareness. ...
  2. Step 2 – Meaning: Communicate What Your Brand Means and What It Stands for. ...
  3. Step 3 – Response: Reshape How Customers Think and Feel about Your Brand. ...
  4. Step 4 – Relationships: Build a Deeper Bond With Customers.

How can a company benefit from strong brand equity? ›

Brands with strong equity are often able to command higher prices for their products or services, as consumers perceive them as having greater value. A strong brand can also give a company a competitive advantage in the market, as consumers are more likely to choose a familiar brand over a lesser-known one.

How would you define a strong brand? ›

Strong brands have clear brand core values, an unequivocal positioning, and a long-term brand strategy. Consistent brand management with the help of brand rules ensures that the brand strategy is consistently applied in operative business. This helps to prevent a brand from overstepping its credibility limits.

What is core brand values? ›

Core brand values are the foundation of your company culture and how you do business. They should be reflected in everything you do, from the way you treat employees to the products and services you offer. Companies that genuinely uphold and embody their brand core values have several advantages over their competitors.

How do you emphasize brand value? ›

Crafting a compelling brand value statement requires clear and relatable language that resonates with your audience. Emphasize the advantages and results you offer while incorporating an engaging call to action.

How important is brand communication? ›

When done correctly, brand communication can create an emotional connection with customers, leading to improved customer loyalty and increased sales. This connection is created through targeted messaging that communicates the brand's core message and provides customers with value-added content they can use.

What do brand values represent? ›

They represent the core and identity of the brand, helping to establish trust, build relationships, and differentiate the brand in the marketplace. Brand values are often reflected in the company's mission statement, corporate culture, and the messages it conveys through marketing and branding efforts.

What does brand values mean in business? ›

What are brand values? Brand values can be defined as the foundational beliefs that a company stands for. They refer to the “ideals” guiding the brand's actions, such as environmental protection, diversity, solidarity, or transparency.

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