Why brand building matters for SMEs
There’s no doubt about it that a recognisable brand is one of the most valuable assets a business owns. 59% of consumers prefer to buy products from brands familiar to them.
As a small business, you may be competing against larger brands and that’s why it’s so powerful to stand out with a solid brand-building process. By building a brand and not just a business, it will give you fantastic growth and loyal customers.
Why brand building matters for SMEs
Brand building doesn’t happen overnight and is a process that requires a strategy, however, achieving this will result in establishing long-term relationships with your customers. Brand building is about getting a long-term flow of sales, revenue, and profit, now and into the future. Take Digby Brown Solicitors for example. Here at STV, we have partnered with the team since 2013 on their advertising journey. Working closely with their account manager Maggie, Digby Brown Solicitors have since grown to become one of the most recognised solicitors in Scotland, and they believe their long-term TV marketing strategy has played a huge role in making this happen.
“In 2013 in Scotland no one had heard of Digby Brown Solicitors. Roll on a few years later and we are a household name. Why? Genius marketing/creative and quality production and the ability to reach the largest single audience in Scotland. Digby Brown’s growth in recognition is down to no small part played by STV. We value STV and we know this partnership matters.” – Craig Semple, Director of Marketing at Digby Brown Solicitors
Check out their most recent ad here:
Brand building is all about building memory structures that will influence consumers’ behaviour into the future. The most effective way of doing this is through repeated exposure and broad reach media such as TV because the aim is to show consumers that you’re there and build these memory structures, regardless of whether or not they are shopping right now.
The power of TV advertising for building great brands
TV advertising remains the most effective way to build a brand in comparison to other forms of advertising. Just as it turns people into stars, TV turns brands into household names. When asked what type of advertising makes brands more famous, 66% of people chose TV – over five times more than the next closest media, which was social. Reach is critical in building a successful brand and no other form of advertising can build scale as quickly and powerfully as TV.
Building your brand with STV
At STV, we understand the power of brand building. That’s why we work with Scottish businesses to help grow fantastic brands. We launched the STV Growth Fund in 2018 to make it easier for Scottish businesses to advertise on television. Our Fund connects Scottish businesses with consumers earlier in their business journey, enabling them to capitalise on the unrivalled connection STV has with consumers – reaching 81% of Scots every month. From retailers and home improvement services to leisure and eCommerce businesses, our members have achieved success.
One of our favourite brand-building success stories comes from Cheeky Chompers, a Scottish baby brand established by two female entrepreneurs, Julie Wilson and Amy Livingstone, who saw their sales increase by a third after partnering with the STV Growth Fund. The first Cheeky Chompers STV campaign resulted in a massive 16% growth in brand awareness over just two weeks with a significant increase in brand awareness amongst their core target audience of women, parents, and 35-44s. Since their first campaign, Cheeky Chompers has been back on air to continue building their brand awareness and engage with Scottish consumers. You can hear more about Julie and Amy’s TV advertising journey in their own words here.
Are you a Scottish business looking to build long term brand awareness amongst a Scottish audience? Find out how we can support by heading over to www.stvgrowthfund.tv
Source: Thinkbox, 2021: TV advertising is for everyone, Thinkbox, 2019: How TV generates business growth, BARB, Jan-Jun 2021, adults, 09:30-29:59, Stuff, 2017: Peter Field: Short-termism is killing effectiveness, Fresh Spark, April 2021, 11 Simple Steps for a Successful Brand Building Process