How strong is your company's brand? This one simple question can make or break your business. A strong brand allows you to grow and reach more customers while carrying industry influence with you. But how do you identify the strength of your brand? Looking at the bottom line and expense reports only go so far. In fact, these lines on a spreadsheet document only paint a very small portion of the greater picture. You need to look at brand equity.

Brand equity has nothing to do with current corporate growth or whether you're pushing into a new market. It instead has everything to do with how the perspective audience perceives your business. The way the target demographic views your company, brand and products says so much more than any amount of website analytical data. It has the ability to forecast upcoming quarters and determine whether or not a new product release will prove successful or a failure. All this points to why you need to know what brand equity is.

Jan 18, 2018 9:29:00 AM by Frode Nortvedt |1 Comment Add Comment

Retail marketing revolves around connecting with the consumer and creating desire to draw in potential customers and convert them into leads and sales. Advertising showcases how a product addresses a problem the consumer has and how it can make their lives better. To do this well you need as much information as possible.

Analytical data and customer insights are valuable sources of information. In addition, brand equity plays a pivotal role in establishing what the key demographic is interested in and how the target audience perceives your business and products. That is why you need to know about the brand pyramid.

Jan 6, 2018 10:09:00 AM by Frode Nortvedt |0 Comments Add Comment

Brand equity is all about how a customer perceives your brand. It sums up their feelings, both perceived and realised, dives into their experiences with your brand's products/services and also how favourable they look upon your company.

For the most part, a company's strength lies within its brand equity. Should your customers deem the products you offer unfavourably, growth and expansion become more problematic. Due to this, you need to understand not only how to appropriately define brand equity, but how to paint it a priority in your retail business.

Dec 23, 2017 8:41:00 AM by Frode Nortvedt |0 Comments Add Comment

In the world of business, knowledge is power. The more you know about performance, key demographics, buying practices and how each shift throughout the course of a year, the better off your company is. Customer brand equity, in a nutshell, covers a customer's overall attitude to your brand and its ability to influence success. Due to this, understanding how to measure customer brand equity in retail provides valuable insights into business performance and how it may set itself up in the long run.

Dec 11, 2017 8:57:00 AM by Frode Nortvedt |0 Comments Add Comment

Marketing and selling has taken a rather drastic turn in recent years. While advertising online has existed in some shape or form since the 1990s, social media has turned it on its head. Social media serves as an incubator for relationships of all kinds. While initially started for the primary function of connecting with friends, successful businesses fully take advantage of the selling potential found within social media. Known as social selling, the process develops a relationship between the buyer and seller. With so much effort directed towards social selling, how can a more traditional shopper marketing campaign survive? Very easily, to be honest. It just takes some careful planning and proper execution.

Nov 29, 2017 8:27:00 AM by Frode Nortvedt |0 Comments Add Comment

Every marketing campaign has several steps in place to generate leads, grab the attention of customers and make the final pitch for a potential sale. Understanding the importance of every step and how to properly execute each separates businesses with the strongest bottom line from the rest.

If you run a physical brick and mortar facility, in-store marketing makes up a key component to the final step in your marketing campaign. It should function as the closer for the advertising team.
However, before you dive head first into in-store marketing specifics, you need a wider understanding of your marketing strategy and identify how each step leads consumers to your doorstep.

Nov 17, 2017 9:03:00 AM by Frode Nortvedt |0 Comments Add Comment