Benefits to Branding




Building your company a good reputation is one of the most important investments you can make.  Here’s 5 reasons why:

Develops Loyal Customers: When you build a brand that customers know and love, they become not only customers for life, but are likely to spread a good word of mouth.

Establishes Familiarity Among Customers:  Exposure exposure exposure!  The more you get your company’s brand out there, the more familiar consumers are going to be with it, and the more likely they are to use your product or service when they are in need of what you offer.

Allows You To Charge Premium Prices:  Why are consumers willing to pay $300,000 for a Bentley?  They are paying this premium price because they want to be associated with the brand which has built such a prestigious reputation, not because their products do anything that amazing.

Lowers Your Marketing Costs: Once your brand is created and maintained, people already know about your company and marketing costs are greatly reduced.

Offers Consumers a Sense of Security:  When consumers are investing a significant amount of money in something, they want to feel like they are making a safe investment.  Building a good brand reputation allows your customers this comfort.

Sources: http://www.namedatlast.com/branding3.htm,
http://www.avsgroup.com/resources/financial_benefits.asp

Follow the link below and learn all about Powerteam International and how we can help with your company’s branding!


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  • 1/12/2010 10:08 PM Brad West wrote:
    This reminds me of a story about now BMW was introduced into the US in the 1950s. The first year they entered the US market they chose to compete against VW and horribly failed. By choosing to compete against Mercedes Benz the next year it totally changed the way people looked at BMW with very few changes to the product itself.

    It’s amazing how association works with branding and once established how far you can push it. An inferior product may be a hard sell when it comes to huge positive recognition. I know I am still having issues with my real passion and how to monetize it. I do know one thing though whet ever it is I will brand and push it huge!!!!

    Thanks for the great post.
    Brad West
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