1. Talk to your existing clients and target audience members and discover what they look for in a business they work with? See if any common factors crop up, what values do they see as important? Consider aligning your brand with these.
2. Look at your competitors. What positions do they occupy in the marketplace? Try mapping on to a graph the various positions held in the market by your competitors, against two key categories i.e. price vs. product variety or age appealing to vs. innovative services / products.
You will quickly see if there are any gaps in the marketplace for a new brand. But be careful to look at why that gap exists, you may find there is a very good reason why no businesses operate there.
3. Be consistent. Once you have defined your brand values, what you stand for and how you will conduct business, make sure you communicate them consistently, across every aspect of your business. It is counterproductive to have a great website that presents you as a luxury brand, then send a poor quality home printed brochure to a potential client. Likewise make sure your marketing mix aligns with your brand values. If you have an innovative brand, make sure that is communicated through your marketing material. Be consistent with your logo, your corporate colours. It should all serve to build a clear identity of what your business looks like and what it stands for. If you send mixed messages, the customer will be unsure as to what they are getting and is likely to become insecure with you offering.