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Maximizing ROI: Why Every Business Needs a Brand Strategy Consultant in 2023

Maximizing-ROI-Why-Every-Business-Needs-a-Brand-Strategy-Consultant-in-2023

In an increasingly noisy and competitive business landscape, having strong branding is no longer optional – but it is pretty essential for success. However, crafting an effective brand strategy is not an easy nut to crack… it requires a specialized skillset that combines analytical rigor with creative vision.

Here brand strategy consultant comes in handy! Better yet, companies are finding value in partnering with such specialists to maximize their branding ROI.

FYI: This investment pays dividends. Branding drives around 30% of company value and businesses with distinctive, aligned branding achieve up to 30% higher revenue growth. Yet only 15% of companies engage external expertise to guide branding.

Hence, this under-tapped opportunity prompted us to explore the concrete benefits of hiring a brand consultant as companies enter 2023. We interviewed leading consultants on the tangible impact achieved, from shaping brand narratives to driving performance through optimizations.

In this blog, we break down the multifaceted ways a brand consultant accelerates growth, especially during times of change and uncertainty.

Let's examine how in 2023, every business can reap benefit from a strategy consultant.

10 Reasons Why Businesses Need Brand Strategy Consultant

1. Conducts In-Depth Market Research

On behalf of the company, consultants conduct in-depth market research using different methods. This research provides critical consumer insights that inform strategic brand positioning.

However, this unbiased outside perspective, gained through surveys, interviews, focus groups, and research, allows consultants to deeply understand target audience needs, behaviors, and market trends. These consumer insights enable consultants to then develop optimized, resonance brand positioning and strategy.

2. Facilitates Ideation Sessions

As facilitators of interactive ideation sessions, brand strategy consultant play a critical role in bringing internal teams together to define an authentic brand purpose and core attributes. Consultants use research results to lead the workshops that eventually guide teams through creative activities aimed at revealing the brand's essence.

Consultants help different people agree on important things about a brand including what it stands for, where it fits in the market, and what makes it unique. They do this by looking at things from an outsider's view and making sure everyone agrees on these basic brand ideas.

3. Crafts A Compelling Brand Narrative

Consultants craft a compelling brand narrative and key messages that emotionally resonate with the target audience. Plus, consultants leverage research insights into consumer motivations and values to thoughtfully develop impactful brand stories and core messages.

It helps in building connections rationally while forging an empathetic bond with the intended audience.

4. Designs A Brand Identity System

You must be aware of it that designing plays an essential role in shaping a brand. The visual brand identity includes typography, logo, and color palette that aesthetically reinforces strategic positioning – creating a connection with brand identity ultimately helps in maximizing ROI.

But if you are thinking you can do this on your own, stop and think again. You need a brand strategy consultant who is skilled at creatively translating abstract brand attributes into concrete visual components. Also, consultants cohesively and aesthetically express the brand DNA across diverse touchpoints and applications that drive growth.

5. Develops Consistent Brand Guidelines

Brand strategy consultants develop clear, consistent brand guidelines and assets to enable cohesive expression across touchpoints. From detailed style guides to extensive asset libraries, consultants create tools to help teams work together and show the brand's story consistently online.

You will always find brand narrative in packaging, messages, stores, and promotions. These tools make it easier for teams spread out in different places to use the brand in the same way.

6. Provides Strategic Guidance

A brand cannot steal the show without strategic guidance – consultants guide effectively integrating the brand into marketing content, campaigns, and experiences.

With expertise in translating brand strategy into tangible executions, consultants advise teams on infusing on-brand messaging and personality into creative work through collaborative workshops, content reviews, and thoughtful execution recommendations.

7. Establishes Processes for Brand Measurement

Key value consultants provide rigorous processes for continuous brand measurement and analytics to optimize performance over time. brand strategy consultant works collaboratively to define clear quantitative and qualitative success metrics aligned with business goals.

Besides, they help implement holistic tracking mechanisms across channels to thoroughly gauge brand resonance, customer sentiment, and ROI. Ultimately, this establishes an always-on feedback loop that grounds decisions in data.

With their expansive expertise, consultants enable fact-based optimization to improve branding effectiveness and ensure maximum return on branding investments.

8. Has Expertise in Brand-Building

Consultants supply expertise on best practices in branding built from experience across multitudes of brand projects. This allows them to educate internal teams through tailored training, interactive workshops, and hands-on collaboration.

They share knowledge and impart capabilities that build clients’ competencies in brand strategy and management. Their expansive expertise equips teams to make informed decisions that align perfectly with industry best practices.

9. Analyzes Market Landscape

With an objective outside lens, brand consultants analyze the business/market landscape to identify new brand extension opportunities and synergies across business units, uncovering growth possibilities.

This can include potential partnerships, expansion into new territories/segments, and leveraging brand equity to optimize new product expansions. Consultants provide a comprehensive perspective on capitalizing on existing brand assets.

10. Guides in Difficult Situations

Throughout major branding transitions, evolutions, or crises, brand strategy consultant act as objective outside experts equipped to guide difficult decisions. They help in overcoming challenges and strategically align diverse internal opinions.

With an experienced, neutral third-party perspective, consultants can assess situations holistically and provide recommendations that balance various stakeholder needs and optimize outcomes. Their expertise lends clarity when direction seems uncertain.

Wrapping It Up!

So in 2023, don't be caught with branding that's more stale than 3-day-old donuts. Hire a trusted brand consultant to whip up a fresh strategic recipe and serve your audience crave-worthy branding success! Remember, we are living in a fast-paced world, hence, you have to bring in the best branding brand consultants - with sharp insights and quick reflexes.

Apart from this, branding without guidance in 2023 would be nothing. Good luck! Instead, let experienced branding consultants be your helping hands to strategically mold your brand into something that truly sticks.

By the way, if you need help with your branding or need a brand strategy consultant by your side -Fossphorus is your Go-To partner.

Author

Philou

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