90 Sec Deck: Why is branding important for small businesses?

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90 Sec Decks is a series of presentations that neatly and clearly break down major marketing concepts for your consumption in 9 slides or less. All of the presentations are provided under a Creative Commons Attribution 3.0 Unported License, so by all means download, modify, share and enjoy! All I ask in return is an acknowledgement link.

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Created by Jason Amunwa | jaffydesigns.com/blog Creative Commons Attribution 3.0 Unported License

Why is Branding Important?

Smart marketing in 9 slides or less

Created by Jason Amunwa | jaffydesigns.com/blog Creative Commons Attribution 3.0 Unported License

Most small businessesrely on just oneadvantage:

LOCATION

Image by Samuel Mann

Created by Jason Amunwa | jaffydesigns.com/blog Creative Commons Attribution 3.0 Unported License

Which is fine, so long as you’re the onlygame in town.

This is called a “Local Monopoly”

Created by Jason Amunwa | jaffydesigns.com/blog Creative Commons Attribution 3.0 Unported License

But if a comparable competitor moves in,customers will choose whichever productis lower-priced.

Created by Jason Amunwa | jaffydesigns.com/blog Creative Commons Attribution 3.0 Unported License

A price war erupts, permanently eroding profits. This iscalled Commoditization.

(There are nowinners in this

scenario)

Created by Jason Amunwa | jaffydesigns.com/blog Creative Commons Attribution 3.0 Unported License

Branding counters this downward spiralby explaining why your product is unique.

Created by Jason Amunwa | jaffydesigns.com/blog Creative Commons Attribution 3.0 Unported License

Branding communicates value beyond theprice tag.

Created by Jason Amunwa | jaffydesigns.com/blog Creative Commons Attribution 3.0 Unported License

And branding forges an emotional bondwith your customers that enhancesloyalty.

Created by Jason Amunwa | jaffydesigns.com/blog Creative Commons Attribution 3.0 Unported License

Tired of pointless price wars?

Created by Jason Amunwa | jaffydesigns.com/blog Creative Commons Attribution 3.0 Unported License

Fight the commoditization of yourbusiness with branding!

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