LumoLab brand insights

How much does branding cost?

Business branding is a seven year cycle, deemed necessary to achieve these strategic outcomes:

short term outcomes
 Generate 90% more inbound calls
 Lift buyer intent by 53%
 Lift buyer perception by 40%
 Improve word of mouth by 21%
 Retain 38% more website visitors
Long term outcomes
 Build and scale audiences around your brand
 Lift visibility & stake a distinct space in the market
 Provide investors clarity on brand value
 Launch & position a new or updated product
 Craft a compelling, cohesive offer

Companies investing in comprehensive branding systems achieve 3.2x ROI on ad spend and 42% lower cost per lead.

Setsail marketing data

Strong branding delivers a 53% lift in buyer purchasing intent.

I‍nt'l Journal of Advanced Research



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The bigger the investment,
the more strategic your impact.
The more strategic, the more
mileage and influence you
leverage your sales off.  

Spend in United States (in USD)

$250-500

500-3K

5-22K

22-42k

60-250k +

Fiverr
Upwork
Freelance Designer
Creative Studio + Agency
Full Stack Agency
Logo
0-5%
lift in buyer intent
Logo to Mini-Branding
5-15%
lift in buyer intent
Branding
+ Website
20-30%
lift in buyer intent
Branding
+ Website
+ Copywriting
+ Social/Advertising

40-60%
lift in buyer intent
Branding
+ Website
+ Copywriting
+ Social/Advertising
+ Top Tier 0.1% Creative Assets
(Video / Animation / Illustration)
+ Public Relations
+ Physical Activations
120 - 200%
lift in buyer intent



LumoLab offers a streamlined
experience, with a direct line to
your design consultant with the
broader expertise of an agency.

8K

12K

22K

34K

50-75K

LumoLab
LumoLab
LumoLab
LumoLab
LumoLab
Branding
30%
lift in buyer intent
Branding
+ Landing Page
+ Copywriting
40-50%
lift in buyer intent
Branding
+ Small Website
+ 6 page Blog
+ Copywriting
40-80%
lift in buyer intent
Branding
+ Regular Website
+ 6 page Blog
+ Copywriting
+ Lead Generation (High Value Content Offer)
80-120%
lift in buyer intent
Branding
+ Website
+ 6 page Blog
+ Copywriting
+ Lead Generation (High Value Content Offer)
+ Top Tier 0.1% Creative Assets (Video / Animation / Illustration)
120 - 200%
lift in buyer intent

81% of consumers say trust is essential before making a purchase.

Edelman

70% of buying decisions occur before any sales interaction

Hubspot

Data on Branding and its impacts.

4/10 buyers equate amateur branding with low-quality products/services.

Bronze paper clip turned to a 30 degree angle and cropped off at the side for placement on the side of the visible browser window

38%

of website visitors leave immediately due to unappealing branding.

They have 6.5x less interaction than competitors.

21%Bad branding reduces word-of-mouth by one-fifth.

74% of S&P 100 companies rebrand within their first 7 years. Established brands refresh to stay competitive.

SmashBrand

60%

of consumers avoid brands with unattractive branding, even when it has positive reviews.


B



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Comparison by features


Provider Type

Cost Range

Logo

strategy

brand system

enterprise grade

web
strategy

web
design

web
build

Ads & LEad gen

Fiverr &
99designs

$250 - $500


Upwork

$500 - $3k

Freelance Designers

$5k - $22k

LumoLab

$8k - $55k

Learn more

Studios

$16k - $75k

Agencies

$60k - $350k


Comparison by strengths

Provider Type

Benefits & RISKS

Fiverr/99designs

Very affordable

Risks:
Quality varies a great deal.
Many designers of low experience
Many non-native language speakers stifle communication & expectations

Logomarks alone have limited impact on engagement
Guiding the designer to a solution may require much effort

Upwork Freelancers

Quite affordable

Risks:
Quality varies a great deal.
Many designers of low experience
Many non-native language speakers stifle communication & expectations

Finding and selecting an experienced designer can be difficult

Logomarks alone have limited impact on engagement
Guiding the designer to a solution may require much effort

Independent Designers

High Quality Design in general. Some offer Brand strategy.

Risks:

Designers have varied levels of expertise
Finding and selecting an experienced designer can be difficult
Rarely able to conduct enterprise-grade branding

LumoLab

High quality design, content writing,
Strategic planning, Customer profiling, Strong enterprise expertise.

Can take on small pockets of marketing load ie, content writing.

Studios

High Quality, strategic, generally mid to strong experience.
Studios have various strengths and weaknesses.
Strategic planning, Customer profiling,
Some cut the budgets by only developing simple brand systems.

Risks
Management layers add complexity to project management.
Higher costs for project management.

Agencies

High Quality, strategic, strong experience.
Even able to share some of your teams marketing load.
Strategic planning, Customer profiling, Strong enterprise expertise.

Risks
Much higher costs for project management layers.
Much more complexity in project management.

B


selected data points and quotes

"If a scaleup were to change certain levers within its brand toolkit, it could see a 20% increase in interest from people", says Drew Usher, the Research Lead and Brand Strategy Director at Hotwire Australia

“Branding is a powerful yet undervalued tool by most tech scaleups, which prioritise product over brand. Striking a balance between function and emotion in brand communications is a huge opportunity."

Hotwire Australia, 2023

A study by the Institute of Practitioners in Advertising (IPA) found that campaigns with a strong visual identity were 27% more likely to report significant business effects, such as increased market share and sales (IPA, 2021).

Practicioners in Advertising, 2021

The human brain processes visual information 60,000 times faster than text (IAS, 2022), making visual branding a critical component in capturing attention and conveying your brand's message.

IAS, 2022

According to research by Hubspot, infographics are 30 times more likely to be read than a written article and they can increase website traffic by up to 12% .

Hubspot, 2024

According to Vengage study in 2021, over 50% of marketers used visuals in over 91% of their content, wit 36% of all visual used being custom-created visuals for their brand.

Vengage, 2021

A Springer study found that people following directions with text and illustrations do 323% better than people following directions without illustrations.

SPRINGER


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Four key takeaways:

Identifying your tribe aligns with values and vision, guiding like stars.
Focus on what customers can achieve with your product, suggests Jason Fried.
Generate warm leads, and cut down cold leads that hurt your bottom line on excess qualifying time.
Build your brand prestige, by effectively leverage your strategy, while remaining brand-cohesive.
Scott Beckman says customers buy emotions, not features or benefits.
Bain's Elements of Value enhance offerings, meeting a spectrum of desires.

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