5 Reasons Why Small Businesses Should Invest in Brand Research
Thursday, February 25th, 2010 by richard
Small businesses can often overlook the notion that their brand isn’t entirely managerially constructed. One may tightly govern brand communications, but in reality, how these are received is partially beyond our control.
Consider this – perceptions of your brand that exist within the four walls of your office may not be totally (or at all) aligned with those held by your customers. That’s right. Your brand identity not only exists on your business cards, website or brochure, but also in the mind of the consumer.
It is frightening to think that consumers may interpret your brand in their own very subjective manner, but at the same time, this realisation should also be seen as an opportunity to re-discover the various (and often unexpected) meanings attached to your brand, adapt your communications accordingly, and ultimately reap the rewards of becoming a business who truly knows their audience.
So how do you discover how your customers make sense of your brand?
In short, you ask them.
Qualitative research, principally involving focus group discussions and in-depth interviews, can be an extremely useful strategic tool for businesses of all sizes. Research is vital, and here are a few reasons why:
• Provides a forum to explore and extrapolate ideas, which can act as an effective springboard to make your visions a reality.
• Enables you to drill down and understand the specific needs of your different market segments, providing a creative environment for consumer optimisation.
• Enables you to fully understand reactions to your marketing materials and packaging; identifying strengths, weaknesses, and uncovering any previously unmet needs of your customers.
• Helps you make informed business and marketing decisions, with confidence.
• Protects you from completely ‘missing the point’ with your brand communications, ensuring that you build a brand that strikes resonance with your target market.
Above all, it simply makes sense that a strong and current picture of your consumers’ mindset should underpin the strategic and creative process of building and maintaining a brand. You wouldn’t create a gourmet meal with your eyes closed would you? Well, you might try, but you would probably end up getting burnt.













