Why Identifying Brand Purpose is the First Step in Developing Brand DNA
By Aaron Carpenter, Founder of ACV Consulting and Fractional CMO
Today’s consumers are bombarded with so much choice. In a saturated marketplace with endless ads, brands and noise, how do you craft a brand that stands out yet stands the test of time? A clear and compelling brand purpose.
According to Forbes, consumers are 4 - 6x more likely to purchase from purpose-driven companies. They want brands to stand for something and be agents of change. And the good news is that brands with a strong purpose see stronger brand loyalty and bottom-line results.
What is Brand Purpose?
Brand purpose is the core reason your brand exists beyond making a profit. It is the guiding compass that informs every aspect of your business, from product development to marketing tactics. In simple terms, brand purpose answers the question: "What positive impact does our brand make in the world?"
Why is Brand Purpose Important?
Consumer Connection: Consumers are looking for brands that align with their values. A clear brand purpose helps forge strong emotional connections with your audience, fostering loyalty and advocacy.
Differentiation: A well-defined purpose provides a unique narrative that sets your brand apart.
Internal Alignment: A compelling purpose unifies your team, aligning their efforts towards a common goal.
Brand Purpose as the Foundation of Brand DNA
When we are working with a client on developing their Brand DNA, we always begin with Brand Purpose. The reason we start there is because having a clear and compelling purpose is what motivates us. That then guides the sequential layers of the brand DNA including values, archetypes, and ‘Reasons To Believe’. Think of your brand purpose as the root system that supports the entire brand structure.
How to Identify Your Brand Purpose
Examine Your Core Values: Start by reflecting on the core values that drive your brand. These values should resonate with both your team and your audience.
Understand Your Impact: Evaluate how your brand positively impacts society. This could be through sustainable practices, community engagement, or innovative solutions that address social issues.
Engage Stakeholders: Involve key stakeholders in the purpose discovery process. Their insights and perspectives are invaluable in shaping a purpose that is authentic and meaningful.
Articulate the Purpose: Clearly articulate your brand purpose in a way that is easy to understand and communicate. This purpose should inspire and guide your team, while also resonating with your audience.
How to Amplify Your Brand Purpose
Integrate Purpose into Operations: Ensure that your brand purpose is reflected in every aspect of your business, from product development to customer service.
Educate and Empower Employees: Your team should be your brand’s strongest ambassadors. Educate them about the brand purpose and empower them to communicate it effectively.
Leverage Authentic Storytelling: Use storytelling to highlight how your brand purpose is making a positive impact. Authentic narratives resonate deeply with audiences.
Measure and Adapt: Regularly measure the impact of your purpose-driven initiatives and be prepared to adapt your strategies as needed. This ensures that your brand remains relevant and impactful.
At ACV Consulting, we specialize in helping brands develop their Brand DNA, beginning with purpose. Connect with us to explore how we can help you define and amplify your brand through Fractional CMO services and workshops.
About Aaron Carpenter
As former VP of Marketing at Levi Strauss and a transformative CMO at The North Face, Aaron has guided some of the world’s most dynamic brands into the digital era while helping to shape their unique brand identities to meet the evolving global marketing environment. Today, Aaron lends his expertise to a wide range of brands through powerful fractional work while maintaining his position as an influential global lifestyle marketing figure.