Friday, December 26, 2008

The Personal Brand Leverage


It is a well known fact that personal branding can be really helpful as an entrepreneur because it establishes not only your reputation, but links you to your ventures. Sometimes people lack to build a personal brand when they are employed by another company; one that they do not own or have not founded. Some say that it is not needed to create a personal brand when you work for a company which you have no personal ownership in or do not have any private ventures of your own. I strongly disagree with people who think that creating a personal brand is unnecessary for many reasons. The main point of creating a personal brand is to get people to know you for your expertise and can give you an edge over other people in the workforce.

Be the one- Companies face numerous applications when they are interviewing for certain jobs, especially when the position is really high up in the hierarchy. Having a strong & established personal brand can give you better chances to be selected for a certain position.

Don’t be the one- On the other hand of being “the one,” there is the fact that companies face when letting people go. When you have a strong brand that represents the company you work for, chances are they will not let you go among your co-workers because you have more influence in the outside world, than the other employees. Say you are a business consultant and there are four more in your department. Your department head is letting two people go, but chooses to hold on to you because you are known for your expertise in consulting and the companies clientele are likely to give their business to the company you work for. Because of your personal brand, you are recognized as an asset to your company.

Get a Higher Pay- Most of us don’t mind making more money. Along with a strong personal brand, chances are pay will have a strong positive correlation with the strong identity you have created. Companies will WANT to hire YOU over other applicants, even if it means paying an extra $50k or $100k.

Ability to Create Your Own Business- The workplace is a great learning experience, but what if you want to experiment and start your own business, which is similar to the one you are employed with. Having a strong personal brand can boost that start to your business. The clientele that will come to your new business might have heard from people that you have worked with in the past through your employer. Due to your brand, you have created a strong and positive reputation, giving you an edge over others in the industry.

Many Networking Possibilities- Bill Gates is respected among the tech world. It is probably true that any technology conference around the world would be pleased to have him speak or appear at their conference. He has created a very strong personal brand aside from Microsoft, which gives him the ability to network with new people, who would be honored to be in his presence.

It is not needed that you be working for a Fortune 500 company or own a very well known business to start building your personal brand. Anyone can create a positive personal brand or a negative personal brand, but it is the personal brand that will set you apart from others. If you create a well respected and knowledgeable personal brand, chances are you might open the door for numerous new possibilities, for any industry.