Understanding “why statements”
The term “why statement” gets thrown around quite a bit among branding and marketing professionals. But what does it actually mean, and how can having one help your business?
What is a why statement? A why statement is the phrase you use to explain the motivation or purpose of an entity to change the world for the better.
This concept of why statements goes hand-in-hand with Simon Sinek why statement idea that “people don’t buy what you do, they buy why you do it.” In other words, people don’t make buying decisions with their heads, but rather with their hearts – in fact, research shows that a whopping 95% of consumers make buying decisions with their subconscious, rather than rational minds.
Understanding why branding is important can provide clarity on how to craft an impactful why statement that resonates with your audience, fostering deeper connections and loyalty.
But a surprising number of small businesses in Nashville, TN still sell to customers’ intellect rather than their emotions, which often leads to poor sales and slow growth. In a world where there are an infinite number of buying options, you need to speak to customers’ hearts, not their heads.
How can you do this? You must be wondering how to write a why statement?
By uncovering your “why”, so that you, your employees, and potential customers are clear about why your business exists and what it hopes to accomplish. You can find your why statement by using this simple formula:
Why statement = To primary contribution so that primary impact
Examples:
- To help business owners simplify their accounting processes so that they can spend less time and money on organizing their finances.
- To educate people on the value of nutrition so that they can live healthy, fulfilling lives.
- To make it easy for the elderly to use technology so that they can remain connected to the changing world around them.
Those people and businesses that understand what is a why statement and
their true “why” are likely to find and make strong connections with people who believe what they believe. People are far more likely to do business with companies that share their values, so connecting with like-minded individuals is crucial to small business success.
We’ve already talked about how important empathy and integrity are in running a successful business in Nashville, TN, but a strong why statement can help fuel and guide every other aspect of your business.
Understanding why branding is important underscores the significance of aligning your business’s purpose with your branding efforts, reinforcing authenticity and resonance with your audience.