The Importance of Creativity & Building Brand Identity to Support Long Term Business Growth 

Your brand’s identity is its persona. It is comprised of your company’s name, voice, tagline, positioning, personality, and paints a clear picture of who your brand is. 
 
Why is this so important for long-term business growth? If your customers don’t recognize your brand, they are less likely to be loyal to you. By having a strong, creative, and consistently-maintained brand identity, marketers predict that you can achieve a 10-20 percent growth increase. This is because of the following five reasons explored below: Differentiation, customer loyalty, reputation, innovation, and growth opportunities.

Reason #1. Differentiation Sets Your Brand Apart

Creativity can help your business stand out from competitors by offering unique solutions and ideas that distinguish your brand. A strong brand identity can further reinforce this differentiation and help customers easily recognize and remember your brand. Consistency across all parts of your business, including your logo, tagline, and any messaging that goes out to customers and employees allows people to easily recognize your brand and differentiate it from competitors. Knowing that differentiation is so vital, how do you get your identity to stand apart from your competitors? 
 
The key is to think outside the box and to make sure your strategy is relevant today. Shockingly, many businesses still follow a brand strategy that was created in 1931. With how widely our world has changed since the thirties, it’s necessary to change your business strategy to keep up with the current needs of customers. A variety of factors effect businesses and how they need to operate including the financial market, the media, elections, current trends and lifestyles, and consumer behavior. In order to differentiate your brand identity in a positive way, you must remain agile, keep up with the times and adapt when necessary. Adaptation is vital to leveraging power. And it’s almost guaranteed to lead to growth, even in a looming recession. 

Reason #2. Creativity Leads to More Loyal Customers

Your brand should creatively find ways to personalize messaging to your customers. In fact, 72 percent of consumers are more inclined to engage with your brand if the messages are tailored to them, and  93 percent of businesses report experiencing increased sales by targeting customers with customized messages. If your brand is experiencing a looming recession or financial trouble within its organization, it can be supported by looking internally to upkeep or maintain brand to drive long term growth at little to no cost.
 
There are three signs that will determine if your brand needs a revamp. One of those signs is when a brand isn’t reflective of the customers it serves. Building a strong brand identity can help create an emotional connection with customers, which can lead to increased loyalty and repeat business. Your goal should always be to celebrate the customers who make your business possible. Look at your brand through a DEI lens or revamp your brand identity through its look, voice, and tone to better serve your customer base. 

Reason #3. A Well-Crafted Brand Identity Will Earn Your Business a Positive Reputation

If you look at any highly successful brand, they all have one thing in common: a reputation. McDonald’s is known for their red and yellow colors, the golden arch, their instantly recognizable jingle, and a clown named Ronald. Apple stands out from competitors and earns a trusted reputation through their products’ sleekness, the minimalistic look of their stores and advertisements, and the feeling of familiarity across all of their products. 
 
A well-crafted brand identity can increase trust and attract new customers. Demonstrating a trusted voice and delivering engaging experiences that are recognizable to consumers entrusts a loyal reception of your brand. The global head of the LinkedIn B2B Institute, Jann Schwarz, says, “A strong brand is a force multiplier for any business and is the key to pricing power, which is more important than ever in a high-inflation economy.” 

Reason #4. Smart Strategies Will Put Your Brand at the Forefront of Innovation

Brand identity is no longer just about what a brand does. Instead, its focus is on what the brand can do for an individual. Understanding this change in trajectory and being aware of the way marketing will look in the future, if following consumer trends, will make your brand evolution most successful. Innovation bolsters success in expanding marketing strategies and can get a company through financial setbacks by ensuring customers that your brand is still relevant and will evolve to keep with its customer’s needs. 
 
Additionally, It takes an insightful and well-rounded group of people to make your brand innovative and a leader in your industry. Theorem identified these roles necessary to revamp your brand: marketing manager, creative director, designer, copywriter, and project manager — all working cohesively. Smart companies will work to find diverse creative talent to fill these roles. The diversity in your marketing and creative departments can together gather ideas that will be distinguishable from previous brand strategies. 

Reason #5. Creative Brand Identity is Integral for Growth

A strong brand identity and creative approach can help your business expand into new markets, attract new customers, and develop partnerships with other businesses. In 2022, LinkedIn research showed that 89 percent of marketers surveyed indicated that brand building is as important to driving long-term revenue growth in B2B businesses as it is in B2C markets. A successful brand identity can produce returns on your investment in the form of lead generation, new customers, customer retention, and referrals. Make sure to reflect back on your company goals when revamping and maintaining your brand identity to see how it benefits your company financially and through customer retention.

A Strategically Built Brand Identity Can Bolster Your Finances and Attract More Customers

A strong brand identity and creative approach can help your business expand into new markets, attract new customers, and develop partnerships with other businesses. In 2022, LinkedIn research showed that 89 percent of marketers surveyed indicated that brand building is as important to driving long-term revenue growth in B2B businesses as it is in B2C markets. A successful brand identity can produce returns on your investment in the form of lead generation, new customers, customer retention, and referrals. Make sure to reflect back on your company goals when revamping and maintaining your brand identity to see how it benefits your company financially and through customer retention.

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        Meto

        Meto

        Meto is a tech-based nonprofit intent on making access to quality higher education a reality for all students. We have a special focus on creating scholarships for low-income students.


        In 2018, Meto was founded to connect African students with university opportunities. Along the way, we have learned that all students can benefit from our innovative model, wherein universities make the first move and invite good-fit students to apply. So, in 2023, we opened our platform to students across the globe.

        website: https://meto-intl.org/

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                  The Mission of the Nikhil Badlani Foundation (the “Foundation”) is to enhance the lives of underserved children in West Orange, NJ and neighboring communities through music lessons, scholarships, and traffic safety education for all.

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                  By contributing to organizations such as Black Girls Code and the Anti-Racism fund, we aim to be a fundamental supporter of diversity in the workplace and beyond. These organizations specifically speak to Theorem’s role as a leading voice in the technology innovation space and we avidly support their missions. The vision of Black Girls Code is to empower girls of color, ages 7-17 to become innovators in STEM fields and encourages them to be the builders of their own futures. The Anti-Racism Fund serves as a response to the inequities experienced by the African-American community. It provides monetary support to a dynamic portfolio of curated organizations as a way to inject and enable social change.

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