Gaebler Ventures Gaebler Ventures is a business incubator and holding company providing venture capital investment and shared services to early-stage companies. We've invested in some great portfolio companies. Some of the best resources for entrepreneurs -- all based on our real world experiences! Our guiding investment philosophy is to provide exceptional returns for our investors. Check out the latest news from Gaebler Ventures. Learn more about Gaeber Ventures! Get in touch. We'd love to talk with you!   
 
 
Gaebler Ventures is a business incubator, holding company, and private equity firm. We help entrepreneurs transform ideas and innovations into greatness.

Articles for Entrepreneurs

 

Branding Advice for Entrepreneurs

 

Creating a Distinct Brand

Written by Clayton Reeves for Gaebler Ventures

It is important to create a distinct brand when operating in a tough economy. Make sure that your customers remember why they buy your product.

Sometimes it may seem hard to differentiate yourself amidst a sea of lookalikes.
(article continues below)

This can be true for everything from coffee shops and restaurants to shoes. There is a reason that Nike and New Balance are able to sell their shoes for significant mark ups over other bland brands. They have acquired a following through their distinct brand.

For years, with Michael Jordan as the face of Nike, they had something that no other product had. Now, athletes flock to Nike in droves to wear their shoes and market their products. New Balance has made a reputation based on cost effective performance shoes. Now they are able to produce more expensive shoes because of the perception of quality. How does your business create a distinct brand? There are several ways to do so.

Uniqueness

This is important to creating distinction between your business and the competition. There is only one Michael Jordan, and Nike was able to market him as well as any athlete in history. Even after being retired for quite a few years, Jordan's shoes are still among the best selling basketball shoes on the market.

Your business probably can't get a star athlete to hawk your products. There are other options. Everything from theme, color, packaging, and policy can create a unique advantage for your business.

Meaningful Differences

Building off of the previous topic, the differences must be meaningful. Simply adding a thing or two to a product does not make it different. They must be substantial and meaningful differences. Depending on the product, this could be anything.

Personal Experience

Small businesses have the opportunity to create a personal experience for their customers. Follow up calls and genuine care about the customer experience will help foster a sense of personal experience with the customer. While the company must make sure they are not pestering the customer, it is also a valuable source of feedback.

If the customer feels the experience is not personal, how could it be altered? Customer suggestions are a great source of knowledge for any small business.

Innovation Maintenance

Maintain the innovative spirit in the workplace. Innovation is what drives growth, and fostering that innovation and creativity is one of the best investments a firm can make. This holds especially true when your business is trying to differentiate itself from the competition.

Have rewards and contests to create a sense of competition and creativity. People can easily fall into a rut if things are not different and fun on a regular basis. Therefore, operate your business in such a way as to avoid these ruts and motivate employees to be creative.

Customer Perception

Finally, the most important part of all this is probably the part where you turn your own perceptions into the customer's perceptions. In order for them to buy your product, they must buy into your ideas and perceptions. Advertising can help but the products must be genuinely different or your customers won't bite. The more educated people get from online forums and the internet, the more they are likely to see through transparent differences.

When he's not playing racquetball or studying for a class, Clayton Reeves enjoys writing articles about entrepreneurship. He is currently an MBA student at the University of Missouri with a concentration in Economics and Finance.


Comment Board

What's your take on creating a distinct brand? We welcome your comments.

Be the first to comment on this article.



Write a comment  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.

 

 

Additional Resources for Entrepreneurs

Starting a Business - Business Ideas - Naming and Branding - City Guides

Buying a Business - Writing a Business Plan - Raising Money - Incorporate

Small Business Marketing - Advertising Advice - Public Relations -

Customer Service Tips - Entrepreneurial Selling - Workplace Safety

Startup Leadership - Strategy - Intellectual Property and Entrepreneurs

Articles on Exporting - Human Resources for Entrepreneurs - Workers Comp

Legal Information for Entrepreneurs - Sarbanes-Oxley - Accounting - SBDC

Business Credit Cards - Nonprofit Entrepreneurs - Mission Statements

Tax Tips and Resources for Entrepreneurs - Operating Your Startup Business

Real Estate Decisions for Entrepreneurs - Franchising - Selling a Business

Starting a Home Business - Small Business Technology - Business Travel

Business Finance - Advice for Retailers - Entrepreneurship for Scientists

Administrative Professionals / Office Managers - Family Business Advice

Good Businesses to Start - Start an Energy Business - Start a Hedge Fund

Payroll Service Information - Productivity Tips - Bad Economy Advice

Small Business Websites - Search Engine Optimization - Online Reputation

Search Engine Marketing - Social Marketing Optimization - Business Forms

Business in the Jungle - Business in Fiction - Negotiating - Radio Ad Costs

Newspaper Advertising Rates - City-Specific Resources for Entrepreneurs

Small Business Insurance - Global Entrepreneurship - China & Entrepreneurs

Entrepreneur Features - Employee to Entrepreneur - Small Business Ethics

Acquisition Speculation - Good Business Books - SBA Franchise Loans

Small Business Loans - Studying Entrepreneurship - How Kids Make Money

Social Entrepreneurship - Mergers and Acquisitions -

Veteran Entrepreneurs - Useful Web Sites for Entrepreneurs - Dell Deals

Buy.com Deals - Female Entrepreneurship - Small Business Experts

Entrepreneurial Resources by State - Resources for Young Entrepreneurs

African American Entrepreneurs - Resources for Hispanic Entrepreneurs

Resources for Asian Entrepreneurs - Resources for Women Entrepreneurs

Resources for Gay Entrepreneurs - Businesses for Sale - Office Supplies

Economics - Lists of Small Business Incubators - Lists of Angel Investors

Lists of Venture Capital and Private Equity Firms - Franchise Opportunities

Recommended Products and Services for Entrepreneurs - Contributors

Get FREE Price Quotes from Multiple Vendors - Business Glossary