{"id":127649,"date":"2023-07-03T17:20:13","date_gmt":"2023-07-03T09:20:13","guid":{"rendered":"https:\/\/zegal.com\/?p=127649"},"modified":"2023-07-03T17:59:49","modified_gmt":"2023-07-03T09:59:49","slug":"why-branding-matters","status":"publish","type":"post","link":"https:\/\/zegal.com\/en-sg\/blog\/post\/why-branding-matters\/","title":{"rendered":"Why Branding Matters: Building Trust and Differentiating Your Startup in the Market"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"1280\" src=\"https:\/\/zegal.com\/wp-content\/uploads\/2023\/07\/brand-startup-1280x1280.jpg\" alt=\"brand startup\" class=\"wp-image-127650\" srcset=\"https:\/\/zegal.com\/wp-content\/uploads\/2023\/07\/brand-startup-1280x1280.jpg 1280w, https:\/\/zegal.com\/wp-content\/uploads\/2023\/07\/brand-startup-320x320.jpg 320w, https:\/\/zegal.com\/wp-content\/uploads\/2023\/07\/brand-startup-160x160.jpg 160w, https:\/\/zegal.com\/wp-content\/uploads\/2023\/07\/brand-startup-768x768.jpg 768w, https:\/\/zegal.com\/wp-content\/uploads\/2023\/07\/brand-startup-1536x1536.jpg 1536w, https:\/\/zegal.com\/wp-content\/uploads\/2023\/07\/brand-startup-640x640.jpg 640w, https:\/\/zegal.com\/wp-content\/uploads\/2023\/07\/brand-startup-1024x1024.jpg 1024w, https:\/\/zegal.com\/wp-content\/uploads\/2023\/07\/brand-startup-1200x1200.jpg 1200w, https:\/\/zegal.com\/wp-content\/uploads\/2023\/07\/brand-startup-1920x1920.jpg 1920w, https:\/\/zegal.com\/wp-content\/uploads\/2023\/07\/brand-startup.jpg 2000w\" sizes=\"auto, (max-width: 639px) 98vw, (max-width: 1199px) 64vw, 770px\" \/><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.freepik.com\/free-vector\/branding-concept-landing-page_5156258.htm#query=brand&amp;position=1&amp;from_view=search&amp;track=sph\">Image by pikisuperstar<\/a> on Freepik<\/p>\n\n\n\n<p>When it comes to <a href=\"https:\/\/zegal.com\/blog\/post\/legal-checklist-for-startups\/\" class=\"ek-link\">building a business<\/a> from the ground up, the hardest part is always the beginning. It\u2019s challenging to break through the crowd and set your brand apart as a main character in the landscape of your chosen industry. But with the right strategy, it is possible.<\/p>\n\n\n\n<p>A successful brand needs to be many things\u2014authentic, relevant, transparent, and accessible.<\/p>\n\n\n\n<p>But perhaps one of the most important and often overlooked qualities of a healthy brand is trustworthiness. <a href=\"https:\/\/www.awardaroo.io\/blog\/the-21st-century-customer-who-is-the-modern-consumer\" class=\"ek-link\">Today\u2019s consumers<\/a> are much more cynical and marketing-savvy than their predecessors, which means winning their trust and approval is the ultimate prize.<\/p>\n\n\n\n<p>But how does a brand build lasting trust? And what can you do to differentiate your startup from the saturated world of small businesses? Keep reading to find out.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-building-trust-and-uniqueness-is-important-for-startup-brands\"><span class=\"ez-toc-section\" id=\"Why_building_trust_and_uniqueness_is_important_for_startup_brands\"><\/span><strong>Why building trust and uniqueness is important for startup brands<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Your startup\u2019s brand is its identity. It\u2019s your business\u2019 friendliest, prettiest face. It\u2019s there to engage with the public and represent all your best and most marketable qualities.<\/p>\n\n\n\n<p>With the<a href=\"https:\/\/zegal.com\/blog\/post\/5-branding-lessons-for-those-who-know-nothing-about-branding\/\"> right brand strategy<\/a>, you can successfully attract your target audience, gain social leverage, and curate the identity of your business in favour of longevity and profitability. But in order to do that, your startup needs two things: <strong>trust <\/strong>and <strong>individuality<\/strong>.<\/p>\n\n\n\n<p>Unlike established businesses, startups don\u2019t have the luxury of historical familiarity. Before you can convince your audience that your products or services are worth investing in, they\u2019re going to have to see you as a safe, trustworthy, and likable entity.<\/p>\n\n\n\n<p>In addition to this, there needs to be a clear difference between you and the other brands in your industry. Consumers need to recognise your brand as an independent one that offers unique experiences or products that rise above those of your competitors.<\/p>\n\n\n\n<p>But in these two senses, being \u201cunknown\u201d can actually be an advantage because you have the opportunity to go in any direction you like.<\/p>\n\n\n\n<p>Let\u2019s look at some ways to cultivate sustainable brand trust and present your business in a way that shows you offer something truly special.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-set-and-measure-brand-trust-goals\"><span class=\"ez-toc-section\" id=\"Set_and_measure_brand-trust_goals\"><\/span><strong>Set and measure brand-trust goals<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Setting goals is one of the most effective ways to progress in any ambition. And startups are no exception. Before you can move forward, it\u2019s important for your brand to recognise where it currently is and where it wants to be in future.<\/p>\n\n\n\n<p>How will you measure your brand\u2019s level of trust with the public? Through customer reviews? Number of new clients per month? Profits? It depends on your target.<\/p>\n\n\n\n<p>Create a strategy for cultivating trust and choose a few benchmarks for measuring its success. For instance, if you are working on becoming more active and engaging on social media, you can use a metric like follower count, mentions, or tags to gauge effectiveness.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-tell-your-story\"><span class=\"ez-toc-section\" id=\"Tell_your_story\"><\/span><strong>Tell your story<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>You can inspire trust and loyalty in your target audience by showing them who you really are. Storytelling is a great way to share a piece of vulnerability with your audience.<\/p>\n\n\n\n<p>There are multiple ways to incorporate storytelling into your startup brand strategy. You can <a href=\"https:\/\/zegal.com\/blog\/post\/content-marketing-for-small-business\/\">tell the story<\/a> of how your business came into being, you can tell the story of your founder\u2019s vision, or you can tell a story about your product or services that makes customers want to buy it.<\/p>\n\n\n\n<p>Storytelling plays a major role in brand trust, especially in the context of a startup brand. Think of your story as your introduction to the world. It\u2019s your welcoming speech that shows people who you are and why they should engage with you over competitors.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-understand-and-leverage-your-uvp\"><span class=\"ez-toc-section\" id=\"Understand_and_leverage_your_UVP\"><\/span><strong>Understand and leverage your UVP<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>UVP stands for <a href=\"https:\/\/www.crowdspring.com\/blog\/unique-value-proposition\/#:~:text=A%20strong%20value%20proposition%20is,your%20business%20over%20your%20competitors.\">Unique Value Proposition<\/a>. Knowing exactly what it is that you offer and why it makes your brand special is key to cultivating brand trust and beating the competition.<\/p>\n\n\n\n<p>What does your brand have that no one else does? What unique value does your startup brand brings to the table? Knowing what your \u201csecret sauce\u201d is will give you the necessary competitive edge and make you more appealing to your range of targeted consumers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-nurture-a-high-response-rate\"><span class=\"ez-toc-section\" id=\"Nurture_a_high_response_rate\"><\/span><strong>Nurture a high response rate<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Customer relationships are crucial no matter how established your business is, but in the early phases of being a startup, it becomes even more crucial.<\/p>\n\n\n\n<p>Responding to as many questions, comments, messages, or concerns as possible will not only boost your online visibility but will also encourage customers to see you as a trustworthy and authentic brand in general.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-delegate-someone-to-manage-brand-identity\"><span class=\"ez-toc-section\" id=\"Delegate_someone_to_manage_brand_identity\"><\/span><strong>Delegate someone to manage brand identity&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Even though startups tend to have tight budgets, assigning someone to specifically manage the identity and perception aspects of your brand can be highly beneficial. Running a profitable, functional business is hard enough, but doing all that while trying to curate a perfectly authentic and trustworthy identity is much harder.<\/p>\n\n\n\n<p>Delegating someone to handle the relationship-building side of your startup will alleviate social pressure and allow the rest of the team to focus on the more technical side of the business.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-use-a-clm-platform\"><span class=\"ez-toc-section\" id=\"Use_a_CLM_platform\"><\/span><strong>Use a CLM platform<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>CLM stands for Contract Lifecycle Management. A CLM platform helps your business streamline contract processes and protect those on both sides of every agreement you sign.<\/p>\n\n\n\n<p>Such agreements can include vendor contracts, sales agreements, customer contracts, intellectual property agreements, or employment contracts, to name a few. By using a CLM platform, you can build up a reputation as a trustworthy business.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-understand-your-target-audience\"><span class=\"ez-toc-section\" id=\"Understand_your_target_audience\"><\/span><strong>Understand your target audience<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Not everyone measures trustworthiness in the same way. Different consumers value different things, so knowing what your target audience wants is critical for developing a brand strategy that actually gains momentum.<\/p>\n\n\n\n<ol class=\"wp-block-list\" type=\"1\" start=\"3\">\n<li><\/li>\n<\/ol>\n\n\n\n<p>Perform thorough, continuous research on the consumers who fall into your target audience demographic, and adapt it as time goes on. The more you know about them, the easier it will be to meet your customer\u2019s needs and curate your identity in a positive, sustainable way.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-invest-in-your-brand\"><span class=\"ez-toc-section\" id=\"Invest_in_your_brand\"><\/span><strong>Invest in your brand<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>When you <a href=\"https:\/\/www.wealthsimple.com\/en-ca\/invest\/managed-investing\">invest in stocks<\/a>, you have a long-term plan for growth and return on investment.&nbsp; You need to do the same with your branding. Customers love consistency, so even if you\u2019re new, you need to ensure that you can retain your branding, values, and business ethos for the foreseeable future.<\/p>\n\n\n\n<p>If customers can see that you&#8217;re investing in what you have to offer and that <a href=\"https:\/\/zegal.com\/blog\/post\/successful-brand-building\/\">your brand is built to last<\/a>, they\u2019ll trust you more. You can show this in numerous ways, from offering long-term discounts to teasing new products or developments that are coming soon. This promotes a feeling of longevity that shows your brand is built to stand the test of time.&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-final-thoughts\"><span class=\"ez-toc-section\" id=\"Final_thoughts\"><\/span><strong>Final thoughts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Building a startup brand isn\u2019t an easy or fast process. But with the right strategy and team on your side, it can be a highly rewarding one.<\/p>\n\n\n\n<p>By working on the trust and individuality components of your startup brand identity, you can speed up the integration period for your business and find sustainable growth in no time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image by pikisuperstar on Freepik When it comes to building a business from the ground up, the hardest part is always the beginning. It\u2019s challenging to break through the crowd and set your brand apart as a main character in the landscape of your chosen industry. But with the right strategy, it is possible. A [&hellip;]<\/p>\n","protected":false},"author":134,"featured_media":127650,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","inline_featured_image":false,"footnotes":""},"categories":[14343],"tags":[],"usecases":[],"businesstypes":[],"country":[],"class_list":["post-127649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-outside-perspectives"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.8 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Why Branding Really Matters For Startups | Zegal<\/title>\n<meta name=\"description\" content=\"As a startup, getting customers to trust you is essential. 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