10 Reasons why a logo is essential for your business
Are you thinking about launching a new business or promote an existing one? Virtual or not, creating a business logo is essential for you to build your brand and for it to succeed. If you have given some thought about creating a business logo and have somehow changed your mind, here are some facts to change your perspective and why having a logo is vital for your business.
Your logo is the first thing your potential customers will see. It would convey your brand identity, therefore having a logo that reflects your business and its core value is essential.
What are the most important reasons behind having a business logo and what factors should you keep in mind when creating one?
1. It conveys your business idea
Everyone has a business idea that they would like to convey to an audience. Your product or service could be displayed on a website or a store, but it may not be comprehensible or deliver your brand message. A self-explanatory logo mark can give a good first impression of your brand. An accurate representation of your brand can better impact your customer and trigger the emotions for your potential client to consider a purchase.
2. It produces a theme
A business logo constructs an overall theme for your business. We know that regardless of the sector your business is in, the theme is quite specific when presenting your products or services to the potential buyers. Most successful businesses do not use a wide spectrum of colours. Rather, they pick a shade and work on the area they think can excel at. This applies to not only the products they sell but also their advertisements and displays. The key is to pick a specific shade, go around the same font style, and stay there. It would soon become your signature style and become more recognizable to customers.
3. It gives individuality to your business
If your business is already facing immense competition within the market, your utmost goal should be to stand out from the crowd and make a mark. For creating such impact, observe your competitors; what graphics, fonts and colours do they use? Then try and avoid the pattern you notice and experiment a little. Focus on small details and make yourself stand out to potential customers. Nonetheless, make sure your changes are not something that does more harm than good.
4. Logos create curiosity
Logos created with unique graphics and colours instill a sense of curiosity among audiences. First, create an exceptional looking logo. Then, seek out ways in which you can cleverly create an element of curiosity within a general audience. By showing them ways in which your brand can impact their lives can generate an increased number of customers.
5. Logos depict brand loyalty
A logo can rightfully explain why people tend to trust some brands more than others. They can deliver the message of community and belonging. A brand with the right logo means the business is here to stay; to create more products and services.
6. A logo creates consistency
Business logos are all about creating consistency when it comes to products. For example, if you are selling various products under the same brand, your logo will tell the customers to expect the same quality and consistency as other product lines that you sell.
7. It builds expectations
A business logo means that there is an expectation among several buyers. A logo depicts brand loyalty; therefore, people will begin to rely on the brand subconsciously. The ultimate goal is to show that a product or service will be delivered to your company’s standard.
8. It makes your brand known in the market
A business is meant to be identified and adopted not only among its potential buyers but also in the business sector. Having a logo means you are effectively making your business accessible and visible to your fellow competitors in the market. As soon as they see your logo associated with a sponsorship deal, they will know of your presence in the market.
9. A logo builds an emotional link
Research shows that 93% of people purchase a product from a brand due to its visual display. Here, psychology is involved to help businesses create an emotional bond with their customers. This demonstrates that people who rely on a business by just seeing the logo simply have that ‘gut feeling’ to make another purchase.
10. It creates an appeal to the product
Having a business logo will also create an appeal to the product. Similar to the emotional and psychological connectivity we discussed earlier, an appeal to the product means that customers know that comes from a trackable source that is visible to everyone. In return, this will allow them to make decisions more quickly.
We hope this article helped you understand some important reasons to why having a logo is important for your business and the factors needed to make it worthwhile. Remember, your brand should be seen by the audience at least 5 times to make it known – having a logo can be the start of this.