The Sponge Blog: Evolve – embrace brand evolution. - Insights and ideas about design and marketing from The Sponge Sydney

As one of our core services is creating (and managing) brands for new businesses, my team and I have the frequent pleasure of meeting with entrepreneurs. I think many of these entrepreneurs wouldn’t call themselves this, however Webster’s dictionary defines “entrepreneur” as: ‘one who organizes, manages, and assumes the risks of a business or enterprise.’, so in my opinion they definitely are.

I personally admire the bravery that it takes to invest in an idea. I feel a kinship with this type of person as it is something I do time and again (with varied success!). Even with the uncertainty that accompanies creating a new business, there is freedom in knowing you are in control and not at threat of being fired.

The economist and entrepreneur Paul Zane Pilzer informs us in his Entrepreneurial Challenge that with the current economic climate, you really have no choice but to become an entrepreneur and the time to do it is when the going is good, not to wait until times are tough. I am not saying that you need to quit your job today and invest in that idea you have stewing over. I am saying that it is definitely worth a discussion to see if it is feasible.

Our policy of only accepting new “non-competitive clients” means our clients are spread across many different industries. With this variety of industries comes the privilege of experiencing and learning many different business models, processes and practises. One benefit is that we can share these practises with our clients in different industries, in some cases giving them first mover advantage. Similarly and sometimes more importantly, we can use them to shape a newly born idea, brought to us by an entrepreneur, into a fully developed brand and strategic business model.

We have two such projects in the development which I will touch on briefly now and share with you in detail in future posts once they have launched. One is an international business model that worked successfully ten years ago, but has been flailing in recent times due its laborious and out dated processes. We have streamlined this model into a completely scalable, cashflow generating online model with a powerful referral funnel and client retention system.

In the second of these we recognised that what the client thought was the product would work better as a free lead generator and the actual ‘profitable’ product is something else entirely. The new product has the potential to generate more than eight times the revenue from each client than the original idea. Furthermore if we are successful in adding the value we plan with this project, the repeat revenue is ongoing.

You may be thinking how does this fit in the realm of branding?

My team and I believe that client experience is a huge part of branding. If you get the client experience right, you will get the brand right. An awesome example of this is Zappos! Zappos generates over a billion USD in online sales annually, with 80% coming from existing clients. Their focus is their company culture and their client experience. I recently read to Zappos CEO Tony Hseih’s recently released book Delivering Happiness: A Path to Profits, Passion, and Purpose in which he goes into detail about how Zappos got to where it is today. I highly recommend it!

When evaluating a new idea for a business or a brand, we like to think of it from your new client’s perspective. In the formative steps of creating a business there is every opportunity to shape the client experience completely so that it is ideal. Naturally this is heavily intertwined with the business’ process, so to us it is a critical part of branding and something we care very deeply about.

This kind of work is exciting to us and we relish every opportunity to create something special. Have you got an idea you want to discuss?

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