If you are the owner of a new business, what is the picture that came to your mind first when you started visualizing your business? There is a 90 percent chance that the first visual you have in your mind about your business is its Logo. Every business owner or manager always has a vision of how his business is represented and looks.
This vision is linked with the design and concept of a logo. When you start laying down the framework of your business, make sure you layout the logo design. The Logo is an important part of your business because it stands as an identity for your business. According to various studies, around 75 percent of customers recognize brands by their logos. Popular brands have a strong and unforgettable logo imprinted in the minds of users.
The Logo is not just an image. If cleverly created and used, it can also be a marketing tool. You can take the examples of the most loved brands of today’s markets to know the importance of a business logo. If you are still not convinced, below are the top ways in which logos can support business functions and returns.
Multiple functions of Logos in running a business
If you think about what is in a logo, take time to understand that 78% of consumers think that company logos are works of art. You can also create your own work of art by brainstorming and researching. There are multiple ways in which a logo helps your business.
Grabs attention and creates an impression
A business logo with a good design and color scheme grabs the attention of prospective leads and engages them. A thought-provoking logo design with a message is a great way of starting conversations around your business. Such conversations become great tools for word-of-mouth marketing. People are more adept at taking visual messages inside than words and text.
Therefore, visuals like logos leave a more lasting impression. The first impression a business leaves on the mind of a consumer goes a long way in bringing sustained business to its front. Therefore, a strong, meaningful logo design is important from the initial stage of your business. The lack of a good logo shows that you are not clear about the purpose and vision of the business. If you wish to rethink the logo design, you can go for a rebranding in five or ten years.
It establishes your brand identity
To carry on branding exercises and brand campaigns, the first thing you need is a brand identity. If the brand has a confused positioning, it will not be able to establish stability in its own niche. For brand establishment and long-term marketing, a clear and strong brand identity is important.
When the brainstorming process is clear and outlined, the logo design is emphatic and helps in the proper development of marketing strategies. When the brand identity has a good logo as a front, it begins the customer engagement process. The Logo should be created in line with the targeted customer base psychology so that it can connect with the base.
Once the brand identity is established, future marketing and promotional activities will have a strong channel. For future brand and marketing activities, a logo design is important. If you want result-driven campaigns for revenue, then start with a logo design and brand identity. Building a recognizable brand can create revenue and profit channels. The tones, fonts and color schemes of the brand logo create a brand identity.
Separates from your competition
When a brand enters a market, the first and continuous concern for the brand is its competition. The initial process starts with scoping out the competition. However, after knowing your competition, it is important to rise above it. The brand logo might look like a small component, but it helps in creating an individual identity for your brand.
A strong brand identity sets you apart from your competitors. The business has to make a continuous effort to be different from its competitors. However, the effort starts with the design and concept of a brand logo. All other marketing and competitive activity can be based on the Logo and its concept.
This is why all social media activity and other marketing activities have the Logo as a brand component. The first difference that the consumer recognizes when picking up the product is the Logo and the packaging. Therefore, put a lot of thought and effort into designing the brand logo.
Create brand loyalty with the Logo
As important as the first revenue generation is, so is the sustenance of revenue channels for a long time. Logo helps in converting leads into consumers. However, the Logo also helps in retaining customers by inspiring brand loyalty. Visual impressions go a long way in determining the way in which customers behave.
If the brand leaves a strong impression and has a hold on customer behavior, the customers will return and come back to buy more. Creating a steady revenue channel from the user base ensures sustained success for the business. While there are many factors that determine the long-term success of a brand, the Logo is an important factor in this journey.
There are many successful brands that have logos that are very popular across the world. Such companies are able to create a huge market presence and take the next step to brand expansion in different markets. The more memorable a logo is, the more invested a person becomes in it.
A logo design lays down the foundation of brand identity for businesses. The logo design may be only one component of the brand, but it is very vital. Logo itself stands for the brand. When people talk about branded products and attach value to the brand, they are visualizing the Logo and its values. The creation and promotion of a logo is an important marketing activity for any brand that wants to create a legacy for itself.