How Brand Awareness Affects Overall Business Success

Brand Awareness Business Success Bootstrap Business Lean Startup Branding guerrilla marketing frugal entrepreneur

Let’s take a brief look at an average consumer mind: If you want to buy a new PC, what do you buy? Do you search for some well-known brands on the market, or do you rely on a completely obscure company? Of course you choose the popular brand, but the real question is why? Well, the answer is simple – because of the brand awareness. 

If you pick a popular brand, that means you’ve probably already heard of it or you might already have had some sort of experience with it. Brand awareness only signifies the extent to which you are familiar with the brand, while “brand recognition” is the general attitude/approval of a brand. 

Needless to say, brand recognition is the end goal of every company out there but awareness is the first step towards achieving that goal. Let’s examine some of the factors which can influence brand awareness. 

What’s the fuss? 

So, really, what’s the fuss about brand awareness if it doesn’t mean that your product will be purchased? Brand awareness is important because it influences the consumer mind. 

For example, if you’re looking to buy a new phone, you will most probably think of Apple and Samsung products first because everyone around you is talking about them. On the other hand, you will probably ignore Verykool products, because of a simple reason – you’re not familiar with the brand. 

With this in mind, you can understand just how much brand awareness is important for any kind of business, company, or a website. But what is there to be done? Here are a couple of strategies that you can try to spread the word about your products. 

Prizes 

Companies like Payoneer or Dropbox offer prizes if you invite your friends to use their service. Dropbox actually used this method to develop from an unknown system to one of the most used websites for data storage. Not a bad idea, indeed. 

Social Media 

According to many online SEO gurus, social media contests are a good way to spread the word about your product. Think of a story and then tell the contestants to submit the picture and video regarding that story. They will share the links on their social media profiles in order to win the contest. This is a cheap and efficient way to build your brand awareness. 

Person, not the company 

When someone says "Apple", we think of Steve Jobs. That is because he was the main face of Apple. This is a good marketing trick because people will always connect to the story and the person behind it better than with a logo or a company name. Think of an inspiring story and stand in front of your company. Your customers will recognize your honest intention and they will consider buying your product or using your services. 

Partnerships 

This one is old but gold. If you want to present your company to the world and to boost your brand, try making a partnership with some more successful companies, institutions, or individuals. There should be a common characteristic between these two sides but not necessary. If you have an insane and brave marketing idea – just do it. We all remember how Eat24 promote their business thanks to adult websites. Fortune favors the bold after all! No risk, no reward.

The bottom line 

There are a great number of tricks that you can use to boost your brand. You can try the ones I gave you here, you can consult an expert, or you can experiment on your own. However, the most important thing that you should keep in mind is the importance of brand awareness. Yes, at first sight, this may sound trivial, but if you think about it, you will realize the benefits. 

Author bio: John Stone is a business consultant and a tech enthusiast. He’s a firm believer in the notion that thinking out of the box is a prerequisite of being a successful entrepreneur.

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I hope you enjoyed this post on how brand awareness affects overall business success, especially when you're bootstrapping!

Interested in more articles on branding your biz?

Read My Posts:

- 6 Frugal Marketing  Tips: Branding On A Budget

- 5 Steps To Market Your Business

Best Of Luck In Business To You All!

Brand Awareness Business Success Bootstrap Business Lean Startup Branding guerrilla marketing frugal entrepreneur


Michael J. Schiemer of Schiemer Consulting
Digital Marketing Manager & Social Media Professional
HootSuite, HubSpot, AdWords, & Google Analytics Certified
Bootstrapping Businessman: Money - Marketing - Motivation
Mike Schiemer Builds Better Business

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