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Branding and Marketing for Professional Services

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JANUARY 24, 2022

A 10 Step Brand Development Strategy for


Your Professional Services Firm
Branding (https://hingemarketing.com/blog/topics/branding)

C-Suite Topics (https://hingemarketing.com/blog/topics/c-suite-topics)

Mergers & Acquisitions (https://hingemarketing.com/blog/topics/mergers-and-acquisitions)

Strategy (https://hingemarketing.com/blog/topics/strategy)

Any Industry (https://hingemarketing.com/blog/industries/uncategorized)

Lee Your brand is perhaps your professional services firm’s most


valuable asset. If this is true, then developing a stronger
brand is your most important task (that’s why we developed
(https://hingemarketing.com/about-
hinge/team/team-
our Brand Building Guide
member/lee_frederiksen) (https://hingemarketing.com/library/article/the_brand_buildin
LEE FREDERIKSEN, PH.D. g_guide)). Not convinced? Consider what a professional
Managing Partner services brand is.
Visit Bio
(https://hingemarketing.com/about-
hinge/team/team-
member/lee_frederiksen) | Your Brand Defined
More by this author
(/blog/author/lee_frederiksen)
A professional services brand is best understood as your
firm’s reputation and it’s visibility in the marketplace. The
strength of your brand can be measured as Reputation X
(https://www.linkedin.com/shareArticle?
mini=true&url=https%3A%2F%2Fhingemarketing.com%2Fblog%2Fstory%2Fa_10_step_brand_development_strategy_for_your_professional_services_f
Visibility.
(https://twitter.com/intent/tweet?
There is another important dimension of your brand as well:
url=https%3A%2F%2Fhingemarketing.com%2Fblog%2Fstory%2Fa_10_step_brand_development_strategy_for_your_professional_services_firm&text=A
how relevant it is to your target client audience. More about
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that later.
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Download the Free Brand
Building Guide for Professional
Services Firms
(https://hingemarketing.com/librar
y/article/the_brand_building_guid
e)

Brand Development Defined


Brand development is the process of creating and
strengthening your professional services brand
(https://hingemarketing.com/blog/story/brand-building-for-
professional-services-firms). As we help firms develop their
brands, we divide the process into three phases.

The first phase is getting your brand strategy right and


aligned with your business objectives.

Second is developing all the tools you will need to


communicate the brand, such as your logo, tagline and
website.

Finally, there is the phase of strengthening your newly


developed or updated brand.

Your brand development strategy is how you go about


accomplishing these tasks. To make the task a bit easier,
we’ve broken the brand development strategy into 10 steps.

A 10-Step Brand Development


Strategy

1. CONSIDER YOUR OVERALL BUSINESS


STRATEGY.

A strong, well differentiated brand


(https://hingemarketing.com/library/article/differentiation-
guide-for-professional-services-firms) will make growing
your firm much easier. But what type of firm do you want?
Are you planning to grow organically? Your overall business
strategy is the context for your brand development strategy,
so that’s the place to start. If you are clear about where you
want to take your firm, your brand will help you get there.

S E E C A S E S TO RY: T H E A I M I N S T I T U T E
(HTTPS://HINGEMARKETING.COM/PORTFOLIO
/THE-AIM-INSTITUTE)

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IDENTIFY YOUR TARGET CLIENTS.
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Who are your target clients? If you say “everybody” you are
making a very big mistake. Our research clearly shows
that high growth, high profit firms
(https://hingemarketing.com/library/article/spiraling_up_creat
e_a_high_growth_high_value_professional_services_firm)
are focused on having clearly defined target clients. The
narrower the focus, the faster the growth. The more diverse
the target audience, the more diluted your marketing efforts
will be. So how do you know if you have chosen the right
target client group? That’s where the next step comes in.

3. RESEARCH YOUR TARGET CLIENT


GROUP.

Firms that do systematic research on their target client


group
(https://hingemarketing.com/library/article/hinges_profession
al_services_guide_to_research) grow faster and are more
profitable (see figure below). Further, those that do research
more frequently (at least once per quarter) grow faster still.

Research helps you understand your target client’s


perspective and priorities, anticipate their needs and put
your message in language that resonates with them. It also
tells you how they view your firm’s strengths and your
current brand. As such, it dramatically lowers the marketing
risk associated with brand development.

Brand Development - The Impact of Research on Firm


Growth and Profitability

4. DEVELOP YOUR BRAND POSITIONING.

You are now ready to determine your firm’s brand


positioning within the professional services marketplace
(also called market positioning). How is your firm different
from others and why should potential clients within your
target audience choose to work with you?

A positioning statement is typically three to five sentences in


length and captures the essence of your brand positioning.
It must be grounded in reality, as you will have to deliver on
what you promise. It must also be a bit aspirational so you
have something to strive for.

5. DEVELOP YOUR MESSAGING


STRATEGY.

Your next step is a messaging strategy that translates your


brand positioning into messages to your various target
audiences. Your target audiences typically include potential
clients, potential employees, referral sources or other
influencers and potential partnering opportunities, to name a
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While your core brand positioning must be the same for all
audiences, each audience will be interested in different
aspects of it. The messages to each audience will
emphasize the most relevant points. Each audience will also
have specific concerns that must be addressed, and each
will need different types of evidence to support your
messages. Your messaging strategy should address all of
these needs. This is an important step in making your brand
relevant to your target audiences.

Download the Differentiation


Guide for Professional Services
Firms Here
(https://hingemarketing.com/librar
y/article/differentiation-guide-for-
professional-services-firms)

6. DEVELOP YOUR NAME, LOGO AND


TAGLINE.

For many firms, a name change is not required. But if you


are a new firm, are undergoing a merger or are burdened
with a name that no longer suits your positioning, a name
change may be in order. Even if you don’t change your firm
name, a new logo and tagline may make sense to better
support your brand positioning.

Remember, your name, logo and tagline are not your brand.
They are a part of your brand identity
(https://hingemarketing.com/blog/story/understanding-
brand-identity), the ways to communicate or symbolize your
brand. You must live it to make it real.

And don’t make the mistake of showing the new logo around
internally to get a consensus. The name, logo and tagline
are not for you. They are for your marketplace and should
be judged on how well they communicate, not how much the
partners like them.

S E E A L S O : B R A N D I N G S E RV I C E S F O R
P R O F E S S I O N A L S E RV I C E S F I R M S
(HTTPS://HINGEMARKETING.COM/PROGRAMS
- S E RV I C E S / S E RV I C E S / B R A N D I N G - S E RV I C E S )

7. DEVELOP YOUR CONTENT


MARKETING STRATEGY.

We could have called this step “develop your marketing


 ()
SUBSCRIBE FOR FREE strategy.” But we didn’t. Instead we call for a content
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Address
strategy 
(https://hingemarketing.com/blog/story/why-do-b2b-content-
marketing-strategies-fail).

Why? Content marketing is particularly well suited to


professional services firms in the Internet age. It does all
things traditional marketing does but it does them more
efficiently. It uses valuable educational content to attract,
nurture and qualify prospects.

Remember that your brand strength is driven by both


reputation and visibility. Increasing visibility alone, without
strengthening your reputation, is rarely successful. That’s
why traditional “awareness-building” advertising or
sponsorships so often yield disappointing results. On the
other hand, content marketing increases both visibility and
reputation at the same time. It is also the perfect way to
make your brand relevant to your target audiences. Case
closed.

8. DEVELOP YOUR WEBSITE.

Your website is your single most important brand


development tool. It is the place where all your audiences
turn to learn what you do, how you do it and who your
clients are. Prospective clients are not likely to choose your
firm solely based on your website. But they may well rule
you out if your site sends the wrong message.

S E E C A S E S TO RY: L B M C W E B S I T E
(HTTPS://HINGEMARKETING.COM/PORTFOLIO
/LBMC-WEBSITE)

Further, your website will be home to your valuable content.


That content will become the focus of your search engine
optimization (SEO) efforts so that your prospects, potential
employees, and referral sources will find you and learn
about your firm. Online content is central to any modern
brand development strategy.

These days, professional services websites come in two


varieties. The first is a branding site. Such a site tells your
story and conveys who you are, who you serve, and what
you do. In short it conveys your brand message
(https://hingemarketing.com/blog/story/elements-of-a-
successful-brand-8-messaging). The other variety does the
above and also generates and nurtures potential new
clients. We call these High Performance Websites.

Download the Free Brand


Building Guide for Professional
 ()
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Firms
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(https://hingemarketing.com/librar
y/article/the_brand_building_guid
e)

9. BUILD YOUR MARKETING TOOLKIT. 

The next step in the process is to build out the remainder of


your marketing toolkit. This might include one-page “sales
sheets” that describe core services offerings or key markets
served. In addition, there may be a brief “pitch deck” that
overviews the firm or key offerings and an e-brochure about
the firm. These are rarely printed pieces anymore.

Increasingly this marketing toolkit also includes videos.


Popular video topics include firm overviews, case studies or
“meet the partner” videos. Key services offerings are also
very useful. If prepared appropriately, these tools serve not
only a business development function but also are important
for brand development.

10. IMPLEMENT, TRACK, AND ADJUST.

This final step in the brand development process may be


one of the most important. Obviously a winning brand
development strategy
(https://hingemarketing.com/programs-
services/services/branding-services) doesn’t do much good
if it is never implemented.  You might be surprised at how
often that happens. A solid strategy is developed and
started with all the good intentions the firm can muster. Then
reality intervenes. People get busy with client work and
brand development tasks get put off… then forgotten.

That’s why tracking is so important. We strongly recommend


tracking both the implementation of the plan as well as
results. Did the strategy get implemented as planned? What
happened with the objective measures, such as search
traffic and web visitors? How many new leads, employee
applications and partnering opportunities were generated?
Only by tracking the entire process can you make sure you
are drawing the right conclusions and making the right
adjustments.

There you have it — a 10 step brand development process


to drive the growth and profitability of your firm.

Lee LEE FREDERIKSEN, PH.D.


(HTTPS://HINGEMARKETING.COM/ABOUT-
HINGE/TEAM/TEAM-
MEMBER/LEE_FREDERIKSEN) |
Who wears the boots
in our office? That would be Lee, our managing partner,
(https://hingemarketing.com/about-
hinge/team/team-who suits up in a pair of cowboy boots every day and
SUBSCRIBE FOR FREE member/lee_frederiksen) 
drives strategy and research for our clients. With()a Ph.D.

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in behavioral
Email 
Address psychology, Lee is a former researcher and
tenured professor at Virginia Tech, where he became a
national authority on organizational behavior
management and marketing. He left academia to start
up and run three high-growth companies, including an
$80 million runaway success story.

HOW HINGE CAN HELP


An effective brand development strategy needs to connect
with the new professional services buyer. Hinge’s Branding
Program (https://hingemarketing.com/programs-
services/branding/) can help your firm stand out from the
competition and build a brand that drives sustained growth.

Additional Resources
Get strategies, tips, and tools for developing your firm’s
brand with Hinge’s Brand Building Guide for Professional
Services Firms
(https://hingemarketing.com/library/article/the_brand_buildin
g_guide).

Download a free copy of the Inside the Buyer’s Brain, Third


Edition  (https://hingemarketing.com/library/article/inside-
the-buyers-brain-third-edition-executive-summary)research
report to learn how to build a powerful brand to help your
firm close more sales.

Uncover your firm’s true differentiators and give buyers a


reason to pick you out of the crowd in Differentiation,
Positioning & Messaging 
(https://hingemarketing.com/hinge-university/courses/find-
your-competitive-advantage-differentiation-positioning-
messaging)through Hinge University
(https://hingemarketing.com/hinge-university).

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