Brand differentiation: what makes B2B brands connect with customers
How effective is good branding? 13 is the answer. Customers are 13 times more likely to buy from a B2B brand they have a strong connection with, according to this study from the Corporate Executive Board Company.
So what does a strong brand look like? Every February Superbrands publishes its annual brand league table, which is an independent survey based on the opinions of marketing experts, business professionals and consumers.
One of the three judgment criteria is ‘distinction’ – is the brand well know in its sector and suitably different from its rivals? The B2B league table is a great way of honouring companies that have mastered brand differentiation.
What makes a brand different
If you visit the ‘About us’, ‘Who we are’ or product pages of brands that have made it onto that league table, the same trend keeps coming up: those companies are on there because they’ve found a way to explain their brand and product to their audience.
For example, Visa is number one in the Superbrands table and positions itself as providing a trusted and reliable service. Visa has over 1.9 billion cardholders in the world and is about as close to ubiquitous as a brand can get, but it still assesses the brand’s strengths and weaknesses through qualitative and quantitative research so that it evolves to meet business needs.
Finding your brand’s voice
Differentiation is key. But how do you differentiate? It’s as much a ‘state of mind’ in a corporate sense as it is anything that manifests as words and images.
A brand is sometimes described as ‘a promise you make to customers’. If all customers want the same thing – value, quality, assurance, etc – they all want the same promise, right?
Well, there’s the conundrum – how do you offer something that is differentiated whilst appealing to common needs and demands?
In our experience, the best forms of differentiation come from the ‘DNA’ of the business. No two companies start the same way, employ the same people or follow an identical path.
Discovering the unique attributes – no matter how small – and boiling them up should result in a differentiated position. But so many companies struggle to achieve this, especially in B2B.
As part of Inbound Marketing Week, Octopus Group, a HubSpot partner, is hosting ‘Beyond The Buyer Persona: How To Differentiate Your Brand’ – a breakfast for marketing managers that will cover how brands can find their voice and, in turn, their customer.
The event will include:
- The psychology of thinking differently: an engaging talk from leading business psychologist Jamil Qureshi
- Applying differentiation to your content marketing strategy: an insight session presented by Billy Hamilton-Stent, Octopus Group
- Discussion / Q&A
The event is at the Octopus Group office in Farringdon, London, on Thursday 5th March and begins at 8.30am. Places are limited, so if you’re a marketing manager with a desire to be different, please register your interest via firstname.lastname@example.org
Image source: flickr.com/photos/robbyryke