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Oct12
Building Brand Trust - All Hands On Deck

Trust in business is key. Without trust, you dsmall_biz_reflections.pngon't have a business. 

It takes all hands on deck to build brand trust.

Brand trust is the level to which your customers and prospective customers or clients believe in your brand.

It is the extent to which they see your brand as a trusted necessity in their professional or personal lives.

Which toothpaste do you always buy? Which mechanic do you choose to service your car? Which school do you send your children to? These decisions are based on brand trust.  

Employees are also part of your brand trust equation. Brand trust permeates a business. It is not just about the customer perception. Employees have to believe in your brand too.

Weak links in your business and supply chain can affect the brand trust your business has with your customers and others you deal with, such as suppliers or the community.

Missed orders, lackluster service and offhand communication can drive customers away. On the other hand, if you pass or exceed the brand trust health check, then keeping customers, positive word of mouth and expanding your business are key benefits.

The power of word of mouth can make or break a business. When you think of it, word of mouth is often about brand trust... sharing good and bad experiences about a business.

Customers are your best advocates for spreading the word about your point of difference.

Does your business have all hands on deck working together to build brand trust?

 

 

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2 Comments/Trackbacks




» What Is Branding? Basic Business Terms from SmallBizMentor
Branding is key to leveraging your business name and what you have to offer. If no one knows about you, you don't have a business. What is Branding? Branding is more than a business name or logo. Your small business... [Read More]

Hi Yvonne,

Thought you may appreciate a recent North American study by Concerto Marketing and Research Now that found when people trust a brand: 83% will recommend it to other people, 78% will give its new products and services a chance, and 50% will pay more for its products and services.

We also managed to uncover six psychological drivers of trust in brands. All six of these drivers are equally correlated to brand trust, and work together like parts of an engine. If brands want to build trust - then these six drivers are the key.

Here’s a link to the study: http://nickblackonblack.blogspot.com/2009/09/brand-trust-six-drivers-of-trust.html

Regards,

Nick Black
Vice President - Strategic Insight
website: www.concertomarketing.com
linkedin: www.linkedin.com/in/nickblackconcerto
blog: http://nickblackonblack.blogspot.com

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