Lumo Lab brand insights

Building your brand strategy

PArt 2 Your Tribe & the Dream Destination

In this second part, we delve into understanding your tribe in a crowded marketplace and identifying the dream destination.

Brands and consumers often meet amidst a cacophony of voices and choices. The journey to reach your audience goes well beyond what you sell or how you sell it.
When you understand your brand's soul and the people it aims to serve you take the first step in resonating on a level beyond the transactional.

C
B

Finding your tribe.

Identifying those who align with your brand's values and vision—your tribe—is like navigating by the stars. It requires understanding not just where you are but how they feel and respond to the world.

Jason Fried once suggested that you can approach your customer with:

""Here's what our product can do", or
"Here's what you can do with our product"

He emphasizes the effectiveness of drawing focus towards the benefits rather than features of an offering.

Marketer Scott Beckman furthers this discussion with: "People are not buying features or benefits, they are buying emotions." pointing to anecdotal evidence of sales people being most effective when engaging with customer emotions.

Bain & Company's Elements of Value offers a strategic framework that clarifies your specific audience through identifying their shared values into a pyramid, from functional needs to life-changing impacts.

The model helps you to enhance your offering and marketing to better meet the spectrum of consumer desires, transcending transactional relationships for deeper connections.

By aligning your solution and your marketing with the specific values of your desired customers, brands can create strong differentiation and positioning in the marketplace and while forging lasting bonds with customers - because you are enabling them to reach their Dream Destination.

Four key takeaways:

Identifying your tribe aligns with values and vision, guiding like stars.
Focus on what customers can achieve with your product, suggests Jason Fried.
Generate warm leads, and cut down cold leads that hurt your bottom line on excess qualifying time.
Build your brand prestige, by effectively leverage your strategy, while remaining brand-cohesive.
Scott Beckman says customers buy emotions, not features or benefits.
Bain's Elements of Value enhance offerings, meeting a spectrum of desires.
C
B

The Dream Destination.

Now that you have clearer idea of the values you're addressing its time to consider. What secondary flow-on benefits will they experience?

What positive emotions are a response to the flow on benefits?

As we address the aspirations and the emotional payoffs for our customers, we are able create a bond that people will rave about.

People are motivated to avoid emotional pain.

By identifying the emotionally-driven reasons people choose your product or service allows you to develop language that speak right into their 'wants'.

Where do you win?

Consider, what are the areas where you aspire to deliver unmatched outcomes and value to your customers?

What comes next?

Part 3 - Defining your brand statements.


Lumo Lab's Brand Strategy Workbook is here.

Planning a rebrand to unlock your brand's full potential?

Our comprehensive Brand Strategy Workbook lays a foundation towards defining your unique identity, vision and message in your marketplace.

To help accelerate growing brands, we are making our workbook available at $120 for early-bird purchasers until 1 August 2024.
AcCess the offer