The Power of Brand Personification
Identifying, articulating, and projecting human characteristics are key to developing an effective brand personality — and key to differentiating your brand from the competition. According to a recent consumer survey, 57.5% of people are more likely to purchase from a brand with a strong personality. We’re pretty sure Apple, Nike, and Coca-Cola would agree with that assessment. But that’s B2C. What about B2B?
As B2B qual market researchers specializing in complex technology, healthcare, and finance studies, we don’t often have the opportunity to research water brands. But we firmly believe that B2B companies have much to gain from creating and communicating strong brand personalities — perhaps even more so than B2C brands. Here’s why.
Deeper Audience Connections
B2B brands that have an identifiable personality are more likely to resonate with their audiences on a personal and emotional and not just logical level. In the data-driven and clinical worlds of tech, healthcare, and finance where perceived parity is often rampant, making those deeper emotional connections is what clearly sets your product, service, and brand apart.
Consider pharmaceutical companies whose drugs compete for mindshare against me-too and generic alternatives. Having a brand with a strong, recognizable, and compelling personality behind the drug gives it a significant leg up in the competitive landscape.
Relatability, Authenticity, and Likeability
A well-developed brand personality can also make your B2B company more human, authentic, and relatable for your audience. Because even though you may be B2B, you’re still communicating human-to-human. If your audience likes you, they’re more likely to choose you over your competitors. They’re also more likely to become loyal customers who do repeat business and refer you to others.
Communicating Core Values
A brand personality is a powerful way for B2B companies to reflect and communicate core values. It allows you to show your customers what matters most to you and how you operate as an organization, without lecturing to them. Your brand personality shows your audience who you are, at your heart. And when customers feel like they know you, they’re more willing to trust and engage with you.
The Trust Factor
More than 80% of consumers consider trust a deciding factor in their buying decisions. That trust-building is particularly critical for technology companies that provide mission-critical solutions to businesses, for pharma and biotech companies who have patients’ lives in their hands, and for finance companies who must communicate credibility, stability, and confidence. Simply put, the stakes are higher for B2B than for B2C. So creating that trust is essential for any B2B company whose products and services directly impact their customers’ jobs, lives, and bottom lines.