πŸ”† Greater resilience in tough times

πŸ”† Greater resilience in tough times

Earlier this week, Interbrand published its annual Best Global Brands report for 2022. The summary:Β 

This year, against a backdrop of increased economic uncertainty, the cumulative value of the world’s 100 Best Global Brands surpasses $3 trillion for the first timeβ€”up 16% year on year; proof that strong brands have greater resilience in tough times.

The question is: what can we learn from this in B2B SaaS? Here’s what Interbrand’s findings:

  • Today, the world’s most successful companies don’t start with product but with brand.
  • They address a range of different customer needs (jobs to be done)β€” through a portfolio of differentiated products and services.Β 
  • They’re focused on building strong and emotionally meaningful customer relationships.
  • They balance exceptional experience and unparalleled integrity.

Here’s the thing:

The essence here is creating deeper emotional connections and higher relevance with the right customers. Doing this right does a couple of things:

  • It signals to customers where and when they share common values with your brand
  • How and where your brand complements and fits into their own meaning systems

Once that’s clear, trust and energy build, and commitment becomes unconditional.

It’s not enough to “be a good SaaS Business” anymore.Β 

The market rewards remarkable saas businesses – which means:

  • Sell the idea, not the product
  • Understand you can’t please everyone
  • Offer something valuable & desirable
  • Aim to be different, not just better
  • Surprise and hit the right nerve

Question for you to reflect upon:

What’s the proof within your SaaS business that you will have greater resilience in tough times?

 

Be Remarkable

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