As a brand strategist, I mostly work with new businesses on establishing themselves as brands – as quickly and as honestly as possible. With the growing awareness for Small Business Saturday, I felt it was time to analyze how small businesses brand themselves in an organic grassroots manner – and how startups can learn from these businesses that are rooted in localism and fueled by brand advocates.
Our view of what a small business is has changed over the past decade. The financial crisis of 2008 led to uncertainty and unemployment, which led to people crafting and cooking again and, not so coincidentally, preferring local eateries and buying artisanal products. Many of these products were passionately created by people who had just one product and little to no business background. The best (and often only) way for them to market was by talking to their neighbors. At the same time, a new generation was becoming fed up by corporate America.
To gain insight on all matters local, I sought the opinion of a fellow local entrepreneur who is an expert on the subject, DW Ferrell. I met Ferrell locally when we shared the stage as panelists at the California Women’s Conference a few years ago, and his name popped in my head automatically when I started thinking about this topic. Ferrell was a retail strategist for major brands and shopping centers before veering in the complete opposite direction. He is co-founder of a social enterprise startup, a campaign community and platform marketplace for local makers and merchants that works to accelerate the local marketplace. Needless to say, he lives and breathes this subject matter.
I translated our lengthy and insightful conversation into three key lessons on how a local mindset can propel your startup into a meaningful and dynamic brand that remains true to itself:
Having the right mindset is key. Most brands have a community manager who, more often than not, turns into a social media PR machine who spends half their time nurturing social followers, and the other half putting out social fires. But that’s not the community we’re referring to. Successful local businesses are deeply involved with the city and its initiatives, with community events and planning. They want to contribute as much to the community as they are benefiting from it. If startups apply this desire to connect with their followers, share experiences, build upon them and use their shared values for the greater good, their brands will win big.
The next time you make a sale, think about what you can give in return (besides the product). If the customer isn’t expecting anything additional, a small unexpected gesture will lead to them seeing you as a friend, and that’s the basis of any relationship. When you repeat that step and that thinking, you create a community.
Just like any brand, a small local business stands for something and has to create meaningful values. These values need to embody the values of not only their customers and clients, but also the community and their contributions to it. “It isn’t enough to follow traditional brand marketing principles that are based on ‘push marketing.’ Instead, you and the company have to intentionally ‘live the story’ that embodies the brand’s values,” Ferrell said during our conversation. As Ferrell asks, “How will you align profit and purpose? How will your model support your mission?”
You have to create your vernacular and define your terms. When you define it and share it publicly with your community, you can ensure that you have the right community, as members will celebrate your values if they share your views. Furthermore, this forces you to hold yourself accountable. You’re saying: This is our ideal, our identity. Does it resonate with you? Great. We now need to be true to you, because you are behind us.
Your “biggest” competitor is not your enemy.
This lesson may be a bit tough to swallow, but you are nothing without a supportive network. And when you launch locally, that very network includes your competitors. In the small business world, the local coffee shop supports the other local coffee shop to leverage their unity and create a network that only has one enemy – in this example, Starbucks. If the small ones stick together they generate more word of mouth about each other and hence sales while forming a support system as a side effect.
The only thing that will hold you back from that handshake with your competitor is fear. And as Franklin D. Roosevelt once said: “Only thing we have to fear is fear itself.”
Stop fearing; instead, cross-pollinate. “Cross-market” would be the correct term, but let’s keep this local and share the love.
CATEGORIES: Blog Startup Advice Your Brand Launch: Brand Strategy
TAGS: core values, cross-marketing, DW Ferrell, Intrinsic Branding, Localism, Small Business Saturday, social enterprise