Companies spend millions of dollars and a lot of effort to build their brands. Why? A good brand brings its bearer instant name recognition and automatic credibility as well as a perception of reliability and trustworthiness in the market place. A good brand is worth its weight in gold, literally and figuratively.
According to an article in Business Week, the world's most valuable brand, Coca- Cola, is worth $6.7 billion. (Read more at: http://www.businessweek.com/magazine/toc/06_32/B399606globalbrands.htm.)
Brands are evaluated based upon how much they are likely to earn in the future. As employees, we are similarly evaluated based on how much value we are likely to bring to an organization.
We could all benefit from taking some tips from the brand leader when it comes to building our own personal brand. Here are some best practices from Coke.
First, anticipate the needs of your clients. For example, knowing that the annual benefits enrollment period is approaching, my team suggested an online contest to stimulate readership of the enrollment materials. The number of contest participants was used a way to measure awareness of the program.
Retool. When I discovered what all my teenage nephew could do with his IPOD, I used a gift certificate to purchase one and the whole world of podcasting has got me thinking about all sorts of application for reaching various publics.
Engage partners. When I had the opportunity to hire three new staff members, I involved my two peer managers in the interview process. Since they would be regularly working with the new team members, it made a lot of sense that they have an input into the hiring decision. Involving them gained their additional support in integrating the new staffers into the company.
Don't fear failure. I was recently the only woman over 40 in a step aerobics class. I knew nothing about step, and was afraid I may fail miserably among the younger, more lithe, class members, but they coached and helped me. Thanks to their support and facing my fear, I'm ready to sign up for pilates.
Take a page out of Coke's book. Build your own brand. Anticipate needs. Retool yourself. Engage your partners and don't fear failure. Your brand, too, can be worth its weight in gold.

