The right branding is worth its weight in gold

08 September 2008 | 11:37 - By Shivani Gupta

 The right branding is worth its weight in gold Michael Phelps is not only the most successful Olympian in history, he has also been coined the possible billion dollar man, with experts predicting that he could now earn up to 30 million dollars a year including sponsorships.

On a national level, Stephanie Rice has been tipped to be the next golden girl.
When you watch Stephanie speak, she is a girl well beyond her years. Amidst all the pressure and limelight, she projects a cool, calm and confident nature, something money cannot buy.

Sydney celebrity agent Max Markson who has already predicted Rice has the potential to be the "next Ian Thorpe'' in terms of sponsorship earning potential.
When it comes to your business, who are the people who can help brand your business? Peter Switzer is currently working with Optus Yes and offering three small businesses the opportunity to win professional coaching from Switzer Business Coaching.

When I completed my book Passion@Work, I decided to ask Wayne Jackson to do my foreword.  Wayne is the Chairman of Minters Ellison Lawyers and the former Commissioner and CEO of the Australian Football League.  I believe that Wayne knew me enough to write my foreword having worked with Minter Ellison Lawyers as a client of mine and I share his passion for AFL.

Having people that fit into your set of values is really important.  There have been many people in history who have been named the promoter of a product and then been seen to be doing or supporting the opposite of the brand or product they are promoting.

Some areas to consider before you ask someone to represent your business:

1. Make sure the person you are thinking of getting involved is going to be a fit with your brand/product

2. Make sure the values of your brand/product is going to be in alignment with the message you are sending

3. The contract you have in place is clear and concise

On a small business scale. Branding can be as simple as testimonials on your website, associates with your business and if you get asked to promote a product.

Have you ever been asked to promote something or asked someone else to and it has not worked?

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About this Blog

Risking It All presenter and business expert Shivani Gupta has a passion to see people grow their businesses. Shivani brings her vast experience and practical business sense to help out the entrepreneurs in the television show and the SBS online audience in her business blog.

Shivani Gupta is a business dynamo with heart, vision, values and passion. She is a former corporate executive who “risked it all” herself to become an author as well as establish her own successful business coaching and speaking business, Passion@People. Shivani is well qualified for the role of helping our four start-up businesses, and your business too. Shivani has worked with a range of companies from sole traders to six of Australia’s top ten companies. She has won awards that include ‘Telstra Young Business Woman of the Year’. She was born in India and grew up in Australia. For more information about Shivani visit www.shivani.com.au

 
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