The Power of Keeping Promises
3 essential tips for building brand equity
May 12, 2008
Edited by: Ken Beaulieu in: Internet Brand Building
In today’s fast-paced world, many business owners view their customers as widgets on an assembly line. They move them through the line, take their money, and make way for the next one. That is no way to build a business, says Scott Deming, author of The Brand Who Cried Wolf. “When you are working to create a brand, you are working to create a belief for your customers that they’re extremely unwilling to part with, a belief that has lasting value,” he says. “That means keeping the promises you make, and even the ones you imply.” To ensure a powerful brand-building strategy, Deming offers these three essential tips:
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- Be careful what you promise. When individuals and companies don’t deliver on their brand promises, they fail to create or maintain the brand’s value in its categories. That means no brand loyalty among customers. In the reverse scenario, when a company over-delivers on its promises, it is able to create a feeling of belonging, culture, and family.
- Separate yourself from the pack. When businesses get mired in sales quotas, short-term goals, statistics, and so forth, the people inside those businesses become robotic. They’re focusing not on how the brand is doing, but on what the numbers tell them. Both you and your employees should be focused on exceeding your customers’ expectations.
- Perspective is everything. To really know how things are going at your company, you’ll have to step out of your own shoes and take a walk in those of your customers. You need to look at them and ask yourself, “If I were one of my customers right now, what would I love to have from me?” Then, deliver it.
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