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How to Establish a Distinct Brand Identity in a Crowded Market

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How to Establish a Distinct Brand Identity in a Crowded Market

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In today’s digital world, crafting a standout personal brand is essential for success as a business leader. One thing’s for sure: Consumers trust and purchase from real people more than impersonal brand names. This is especially true with a service business. According to the recent national research study, “Trends in Personal Branding,” personal branding is more than just a social media personality contest. The data showed that 67% percent of ALL Americans would be willing to spend more money on products and services from the companies of founders whose personal brand aligns with their own personal values.

A personal brand that captures your unique expertise can elevate your business and create a loyal customer base. That same study mentioned above showed that 74% of all Americans reveal they’re “more likely to trust someone who has an established personal brand.” In perhaps the most powerful statistic of the entire study, it turns out that 82% of all Americans agree that “companies are more influential if their executives have a personal brand that they know and follow.

Let’s explore some action steps you can take to build a brand identity that cuts through the noise of a crowded marketplace.

Related: 8 Reasons a Powerful Personal Brand Will Make You Successful

Crafting and communicating your brand

Your personal brand is the story you tell the world, and your audience wants to learn something genuine about you and your brand story. It’s crucial to share not only your professional triumphs but also the personal stories and passions that make you relatable, such as your hobbies, family, travels, etc. Consistency in your messaging creates a coherent narrative, while authenticity fosters a trusting relationship with your audience.

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Embrace the platforms where your audience engages the most. For professionals, LinkedIn is often the go-to, serving as a space to demonstrate expertise and share personal insights. Authoring books and hosting podcasts can elevate your authority, allowing you to reach a wider audience with in-depth knowledge. My brand and reputation on LinkedIn didn’t soar until I added a lot of authentic posts and stories and less boring business-focused posts. Sharing personal aspects should be done thoughtfully, ensuring each story aligns with your professional message and adds value to your brand narrative.

Building community and engagement

The goal of a personal brand is to create a community, not just a following. Engagement is key. Encourage your audience to participate in conversations or debates through comments, forums and direct messaging. This interaction makes your brand relatable and accessible.

Responding to feedback and adapting your brand message is important, but remember to stay true to your core values. Avoid the trap of overpromotion, and strive for a balance that promotes engagement over sales. Your brand should inspire interaction and foster a genuine connection.

Building relationships with other like-minded entrepreneurs can open the door to opportunities that are mutually beneficial, such as speaking on a podcast or attending an upcoming event. When you collaborate with others outside of your immediate followers, you’re able to tap into their audience, gaining exposure to potential customers who already trust your collaborators’ judgment.

To be most effective in growing your audience, select partners whose personal brands resonate with your own. Their followers should have interests that overlap with the products and services you offer. For example, if your brand is built on financial literacy, partnering with influencers in the personal development space could be advantageous.

Scaling your business through personal branding

Success in personal branding can often be qualitative. Look for engagement beyond likes and shares — genuine messages from your audience and opportunities for collaboration are indicators of a resonant personal brand. As your brand gains traction, use your influence to support your business goals. A strong personal brand can lead to new ventures and partnerships while amplifying your reach. As you scale, maintain the integrity of your brand. Growth should enhance, not compromise, the personal touch that distinguishes your brand from the rest.

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Building a personal brand is an ongoing process that involves sharing your journey and leveraging your experiences. It’s a powerful strategy for entrepreneurs, offering a platform for growth and the opportunity to make a real impact. Maintain authenticity, consistency, and focus on community. These principles will guide you in creating a personal brand that not only stands out but also stands for something meaningful.

A reputation is built up by trust, and a personal brand is a trust accelerator. Another recent study found that 76% of American Millennials are more likely to buy from a person with a personal brand.

Related: 6 Strategies You Need To Ensure Your Personal Brand Stands Out

1. Define and deliver your value proposition clearly

Imagine you’re a chef at a bustling food market. Every other stall is offering a range of dishes, each with its own mix of flavors and ingredients. To stand out, you need to have a signature dish — something that no one else offers, that tells your story and satisfies a unique craving. Your value proposition is that dish.

What is it that you provide that no one else does? Maybe it’s a unique combination of services, or perhaps it’s a particular approach to wealth management that’s both approachable and highly effective. Once you’ve defined it, communicate it consistently across all platforms — be it on your LinkedIn profile, on your podcast shows or when speaking at events. Make it clear, make it appealing, and ensure it speaks to the core of what your audience values.

2. Personalize your client experience

Imagine each client interaction as a handcrafted gift. It’s not just about the content inside the package — it’s about the wrapping, the note that accompanies it and the perfect timing of its delivery. Your clients should feel that every piece of advice and every service you offer, is tailored specifically for them.

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This doesn’t mean creating entirely different services for each individual, but it does mean understanding their unique challenges and goals. Use client feedback to refine your offerings. Send personalized communications. Host events that cater to their interests and values. By personalizing the client experience, you build a relationship that feels exclusive and deeply connected to their needs.

3. Educate and empower your audience

Just as a gardener nurtures plants to grow, so should you cultivate your audience’s financial knowledge. Education is empowerment — and by providing valuable, easily digestible information, you position yourself as not just a service provider but a guide and mentor.

Start a blog or a YouTube series focused on financial literacy, using simple language and relatable analogies. Explain complex concepts using common life experiences, like comparing diversified investments to a balanced diet. Not only will this reinforce your brand as a source of valuable knowledge, but it will also foster trust and deepen the relationship with your audience.

Related: The 3 Questions You Must Answer to Make Your Brand Stand Out

In a saturated market, your personal brand isn’t just a label; it’s your distinct edge. Your key to success is authenticity and engagement. By genuinely connecting with your audience and consistently delivering on your unique value proposition, you create more than just a brand; you build trust and long-term loyalty. It’s about being relatable yet professional, innovative yet grounded.

Remember, in the realm of entrepreneurship, your personal brand is a powerful tool that drives not just visibility but real, meaningful business relationships. Cultivate it with intention, and watch it become your most valuable asset in navigating the competitive business landscape that we all find ourselves in.

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Snapchat Explores New Messaging Retention Feature: A Game-Changer or Risky Move?

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Snapchat Explores New Messaging Retention Feature: A Game-Changer or Risky Move?

In a recent announcement, Snapchat revealed a groundbreaking update that challenges its traditional design ethos. The platform is experimenting with an option that allows users to defy the 24-hour auto-delete rule, a feature synonymous with Snapchat’s ephemeral messaging model.

The proposed change aims to introduce a “Never delete” option in messaging retention settings, aligning Snapchat more closely with conventional messaging apps. While this move may blur Snapchat’s distinctive selling point, Snap appears convinced of its necessity.

According to Snap, the decision stems from user feedback and a commitment to innovation based on user needs. The company aims to provide greater flexibility and control over conversations, catering to the preferences of its community.

Currently undergoing trials in select markets, the new feature empowers users to adjust retention settings on a conversation-by-conversation basis. Flexibility remains paramount, with participants able to modify settings within chats and receive in-chat notifications to ensure transparency.

Snapchat underscores that the default auto-delete feature will persist, reinforcing its design philosophy centered on ephemerality. However, with the app gaining traction as a primary messaging platform, the option offers users a means to preserve longer chat histories.

The update marks a pivotal moment for Snapchat, renowned for its disappearing message premise, especially popular among younger demographics. Retaining this focus has been pivotal to Snapchat’s identity, but the shift suggests a broader strategy aimed at diversifying its user base.

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This strategy may appeal particularly to older demographics, potentially extending Snapchat’s relevance as users age. By emulating features of conventional messaging platforms, Snapchat seeks to enhance its appeal and broaden its reach.

Yet, the introduction of message retention poses questions about Snapchat’s uniqueness. While addressing user demands, the risk of diluting Snapchat’s distinctiveness looms large.

As Snapchat ventures into uncharted territory, the outcome of this experiment remains uncertain. Will message retention propel Snapchat to new heights, or will it compromise the platform’s uniqueness?

Only time will tell.

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Catering to specific audience boosts your business, says accountant turned coach

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Catering to specific audience boosts your business, says accountant turned coach

While it is tempting to try to appeal to a broad audience, the founder of alcohol-free coaching service Just the Tonic, Sandra Parker, believes the best thing you can do for your business is focus on your niche. Here’s how she did just that.

When running a business, reaching out to as many clients as possible can be tempting. But it also risks making your marketing “too generic,” warns Sandra Parker, the founder of Just The Tonic Coaching.

“From the very start of my business, I knew exactly who I could help and who I couldn’t,” Parker told My Biggest Lessons.

Parker struggled with alcohol dependence as a young professional. Today, her business targets high-achieving individuals who face challenges similar to those she had early in her career.

“I understand their frustrations, I understand their fears, and I understand their coping mechanisms and the stories they’re telling themselves,” Parker said. “Because of that, I’m able to market very effectively, to speak in a language that they understand, and am able to reach them.” 

“I believe that it’s really important that you know exactly who your customer or your client is, and you target them, and you resist the temptation to make your marketing too generic to try and reach everyone,” she explained.

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“If you speak specifically to your target clients, you will reach them, and I believe that’s the way that you’re going to be more successful.

Watch the video for more of Sandra Parker’s biggest lessons.

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Instagram Tests Live-Stream Games to Enhance Engagement

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Instagram Tests Live-Stream Games to Enhance Engagement

Instagram’s testing out some new options to help spice up your live-streams in the app, with some live broadcasters now able to select a game that they can play with viewers in-stream.

As you can see in these example screens, posted by Ahmed Ghanem, some creators now have the option to play either “This or That”, a question and answer prompt that you can share with your viewers, or “Trivia”, to generate more engagement within your IG live-streams.

That could be a simple way to spark more conversation and interaction, which could then lead into further engagement opportunities from your live audience.

Meta’s been exploring more ways to make live-streaming a bigger consideration for IG creators, with a view to live-streams potentially catching on with more users.

That includes the gradual expansion of its “Stars” live-stream donation program, giving more creators in more regions a means to accept donations from live-stream viewers, while back in December, Instagram also added some new options to make it easier to go live using third-party tools via desktop PCs.

Live streaming has been a major shift in China, where shopping live-streams, in particular, have led to massive opportunities for streaming platforms. They haven’t caught on in the same way in Western regions, but as TikTok and YouTube look to push live-stream adoption, there is still a chance that they will become a much bigger element in future.

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Which is why IG is also trying to stay in touch, and add more ways for its creators to engage via streams. Live-stream games is another element within this, which could make this a better community-building, and potentially sales-driving option.

We’ve asked Instagram for more information on this test, and we’ll update this post if/when we hear back.

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