In today’s business world, branding is everything. Whether you’re creating content, launching a product, or marketing yourself, branding has a huge impact on perception, but more importantly, it also a huge impact on potential profitability. Take legacy brands like Coca Cola or BMW for example. These are Million Dollar Brands that have been around for decades and are still going strong. Or take personal brands like Gary Vaynerchuk. These entrepreneurs have built themselves up into national (and in some cases, international) figures through the power of branding. And it’s not just legacy brands or personal brands that are benefiting from the power of branding. Even newer companies like Slack and Peloton are using branding to make a big splash in their respective industries. It’s clear that branding is here to stay and that its importance will only continue to grow in the coming years. Don’t miss the brand bubble or you will risk becoming obsolete.
Creating a legacy million dollar brand that generates millions in revenue isn’t easy. It takes planning, dedication and a whole lot of elbow grease. But it’s not impossible. Here are a few best million dollar-brand practices for building a successful brand that generates massive income.
In order to build a legacy million dollar brand and company that generates massive income, start with a building out strong a foundation. That means creating a brand and personal brand that is authentic and relatable. Even coming down to the name.
Tip: In today’s creator economy, whether your a CEO, Entrepreneur or thought leader you have the ability at your fingertips to double capitalize on your company brand. Whether you are small and just starting out or already established – your personal brand should be the driving force behind your platform and company brand.
It should be the reason people choose your products or services over the competition. It should be an extension of you and everything you stand for that makes you different as a legacy-minded entrepreneur and thought leader in your space. Once you have established a strong personal brand, you can begin to build a million dollar legacy brand that will last for generations. Here are some best practices for building a million dollar legacy brand:
- Be clear about who you are and what you stand for.
- Build a team of like-minded individuals who share your vision.
- Create content that is valuable and relevant to your target audience.
- Stay true to your core values, no matter what challenges you face.
- Constantly innovate and evolve your offerings to stay ahead of the competition.
- Above all, always remember that your legacy brand is about much more than just making money – it’s about making a positive impact on the world.
MILLION DOLLAR BRAND FACT: By 2022, the global brand consulting market is expected to be worth over $22 Billion. So if you’re not already putting time and energy into building your brand, now is the time to start! You and your company are the greatest brand asset you will ever work on. It is time to capitalize on the brand economy age.
Looking to build out your million dollar brand? We would love to help. Contact us here about your project.