Why Is Personal Branding Important For Entrepreneurs?

Whether you know it or not, you have a personal brand.

Hold up. Wait a minute. ✋

What does personal branding actually mean?


Jeff Bezos, the founder of Amazon, defines personal branding as:

"Your brand is what people say about you when you're not in the room."

Forbes describes the term "branding" to be traditionally reserved for businesses, but with the rise of social sites, social media and the gig economy, personal branding has become fundamental. A personal brand is made up of the unique combination of skills and experiences that make you who you are. It is how you present yourself to the world!

A strong personal brand can make or break your business

Effective personal branding will differentiate you from the competition and allow you to build trust with prospective clients and employers, Forbes also states.

The importance of personal branding for entrepreneurs in establishing their business success cannot be overlooked.

As an entrepreneur, these 4 main factors are constantly on your mind:

✅Customer satisfaction

✅Economic downturns

✅Market competition

✅Improving finances

There's too much not to lose track of!

Deepak Kanakaraju from Digital Deepak mentions that in sales, people buy you, rather than your product. They buy into who you are and what you represent, and this couldn't be more important than in today’s convoluted business marketplace. In the present global economy where anyone can sell anything, or anyone can copy what others are offering; having a strong personal brand is crucial, in order to stand out.

And it is crucial not just to stand out, but to be trusted by your audience - this is key! 🗝

People trust something they can relate to, like a person, not just a brand. With that trust comes loyalty, and with loyalty, come fans who proudly recommend your brand to others.

Let's break it down into simple terms:

Trust ➡ Loyalty ➡ Fans

Why personal branding is more important than ever 🤩

An article by Geekschip concludes that these are the main credibility features which define a good personal brand:

“Your personal brand is a promise to your clients… a promise of quality, consistency, competency, and reliability." – Jason Hartman

1. Credibility

How many smart and talented people do you know who are struggling financially or career-wise? Chances are, quite a few...

Despite having the skills and expertise, they somehow fail to jump-start their businesses or careers. A big reason for this is that they lack the credibility outside their current circle of influence. This is where personal branding helps!

Think of it as a “credibility bank”, where consistent work on your personal brand can give you an opportunity to make small daily and weekly credibility deposits.

Carry on those credibility deposits 😁

Over time, as you increase your circle of influence further, you will also increase your credibility to more and more people.

2. Marketing funnel

“Marketing is telling the world you’re a rock star ✨. Content Marketing is showing the world you are one.” – Robert Rose

Every entrepreneur wants to build up a well-positioned personal brand with excellent marketing, which can bring several benefits to their company. Every entrepreneur is unique. But all entrepreneurs will agree that when they try to create a relationship with their customers, it is necessary for them to influence and build a good reputation in the minds of people of all industries.

This is so important - because when people like or dislike something about a particular brand, they will spread their opinions that by sharing their experiences with the people around them, directly or indirectly; which is bound to have an influence on others opinions.

3. Relationship building 🤝

“Get closer than ever to your customers. So close that you tell them what they need well before they realise it themselves.” – Steve Jobs, Apple

If you ask any successful businessmen or women, they will tell you that the secret lies in your relationship with the people you interact with, and how you value your resources in a business.

The easy and time-tested way of promoting a personal brand is by roping into your professional network more people and maintaining a healthy relationship with them. The importance of branding for entrepreneurs encourages them to add more people to their professional network as well.

A strong personal brand can give you access to exclusive networks. A good example would be getting an interview with, let’s say, Michael Jordan - arguably the best basketball player that ever lived. And also, a very famous celebrity!

If a choice needed to be made between a blogger with a disorganised and unclear personal brand...or someone with a well-built personal brand, who has a reputation for working with celebrities and well-known figures - who do you think would get picked?

Of course, the chosen one would be the person with a well-built personal brand, 10 times out of 10. According to a 2018 CareerBuilder survey, 70% of employers use social media to screen candidates during the hiring process, and 43% of employers use social media to check on current employees.