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The 30 second test your Professional Services or FinTech brand is probably failing

Try something. Pull up your website, your LinkedIn page and your most recent piece of content. Hand them to someone who has never heard of your business. Give them 30 seconds, and then ask three questions. • “What do we do?” • “Who do we do it for?” • “Why should someone choose us over anyone else?”

Author

SANDBOX

Read Time

5 mins

If they answer all three confidently, you can stop reading. But if there is a pause, a squint or a politely worded “something to do with… financial services?”, then you have just discovered something your last brand review probably missed. Your brand is not landing the way you think it is. And for businesses where reputation is everything and relationships take years to build — law firms, financial services businesses, consultancies, fintechs — that gap tends to be more costly than anyone realises. According to a landmark Bain & Company study of 362 organisations, you are far from alone. 80% of businesses believe they deliver a superior experience to their clients, while only 8% of those clients agree.

Bain called it the “delivery gap”. It is one of the most stubborn problems in business, and it applies to brand as much as it applies to service. 

The decision that happens without you

The reason is matters so much right now is that your prospective clients are making decisions about your business long before they ever speak to you.

6sense’s 2024 Buyer Experience Report, which surveyed over 2,500 B2B buyers globally, found that buyers are 70% of the way through their purchasing decision before they make first contact with a supplier. 81% already have a preferred business in mind before that conversation happens. Which means the pitch, the credentials meeting, the chemistry session — all the things professional services businesses invest enormous energy in — are the final act of a play your brand wrote without you in the room. If that brand is vague, generic or simply invisible, the audience has already left the building. 

Why good work needs good branding

This is where most professional services businesses have a blind spot. The instinct is to let quality speak for itself — to trust that good work, strong relationships and a decent reputation will do the heavy lifting. And for a long time, that worked. But Hinge Marketing’s research across 50,000 professional services businesses and their buyers tells a different story today. High growth businesses are almost three times more likely to have a strong, clear brand differentiator. The businesses without one — the ones running variations of “expert team”, “tailored solutions”, “trusted partner” — are competing on familiarity and hope. In a market where median growth has fallen to its lowest point since 2018, that is a strategy with a shrinking return.

The three things to look for

So back to the test. What it actually reveals, when you run it properly, are three very specific gaps.

The first is ‘clarity’ — whether someone can understand what you do in a single sentence without prior knowledge of your business. Research from Nielsen Norman Group shows visitors form a first impression of a website in as little as 10 seconds. The value proposition either lands immediately or it does not land at all.

The second gap is ‘specificity’. “We work with financial services business” is not a position, it is a description. “We help RegTech businesses explain complex compliance propositions to non-technical buyers” is a position. The difference between those two statements is the difference between being considered and being overlooked.

The third gap is the hardest to close and the most commercially valuable. ‘Memorability’. After 30 seconds with your brand, does anything stick? Not a tagline. A feeling. Something that separates you from every other professional services business making broadly similar promises to broadly similar people. Spellbrand’s analysis of over 2,000 brands found that the gap between how a business sees itself and how the market sees it is almost always wider than anyone expects, and that it directly affects pricing power and the ability to retain clients over time.

Where to go from here

Run the test with someone who represents your next client — not your marketing team, who have been staring at your brand for so long they have lost all objectivity, and not your existing clients, who already know why they chose you. Someone with fresh eyes and no prior knowledge. Give them 30 seconds, ask the three questions, and listen carefully to what comes back.

It will tell you more than your last brand review. And it will cost you nothing but a slightly uncomfortable ten minutes.

If the test raised an eyebrow or two, come and talk to us. A free 30 minute consultation with SANDBOX — we’ll tell you honestly what we see.

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