Sunday, May 12, 2013

Develop your brand identity and your sales will follow…

Centrifuge just completed a qualitative research study among specifying design engineers and once again we were reminded of a bedrock truth regarding branding and selling in the industrial sector. Brand image and customer preference go hand-in-hand. When an organization’s leadership works hard to develop and manage the company’s brand identity, sales will follow, and there are two reasons for this:

1. Developing a clear brand identity fosters a clear brand image.

The brand identity of your company is entirely yours to manage. It is your definition of the greater competitive value only your company can deliver. Define this value poorly however, and your company’s brand image becomes devalued. Your brand goes forth by way of a line card, website and sales presentations that may as well be interchangeable with those of your competitors, because from a specifier’s point of view, they are interchangeable.

2. Branding and selling are inseparable disciplines.

Specifying design engineers will not recognize your greater value until you stop selling from your line card and start uncovering the problems (costs) they are experiencing, costs which your core competencies can solve. But if your organization is not guided by this deeper understanding of value definition (value definition being the central function of a highly developed brand identity), then your people will not understand the difference, and your marketplace will never be exposed to your greater value delivery potential.

The reason for this disconnect is one of perspective – yours and not your customer’s. If a specifying engineer can solve a design problem by looking at your line card, they will very likely find the same “solution” from one of your competitors and probably for less cost. But when your company takes the perspective of the customer, you start with a truly consultative understanding of the problems and related costs being experienced by the customer, costs very often yet to be recognized by the customer and his or her organization.

Brand identity development facilitates this greater understanding of value definition and value delivery. But in the absence of this development, all of your marketing communications and sales efforts will continue to sell your company short.

jb
www.centrifuge-now.com

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