| Brand Equity

Building brand equity for your business increases brand awareness, boosts public perception and, typically, leads to an increase in sales. As long as you don't let the drive to boost brand equity hinder your company's drive to deliver a quality product and excellent customer service, your business stands to gain market share and an improved bottom line.

Keep your core values in mind while creating a brand equity model and you'll experience a number of benefits. Here are just a few:

Mar 6, 2018 9:22:00 AM by Frode Nortvedt |0 Comments Add Comment

There's nothing wrong with copying what you like. You've probably heard the Oscar Wilde quote of, "Imitation is the sincerest form of flattery." If you see something that works in the world of business, replicate it.
Now, this doesn't mean go and completely steal slogans. You can't rip off "Just Do It" and toss it onto your next marketing campaign. That's a good way to end up on the losing end of a lawsuit. However, you can replicate strategies and study what a business does to grow its brand equity.

Jan 30, 2018 8:33:00 AM by Frode Nortvedt |0 Comments Add Comment

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