In the current times, marketing follows us. It fills every possible empty space of our world, and tries to convince us that various products are worth our money, or that we should share certain opinions. Consumers, however, are starting to be immune to the clutter. We grow more cynical about marketers' claims, and so the persuasion industries start to research and refine methods to reinforce an emotional attachment between the people (us) and the brands we buy.
streda 25. januára 2012
The Persuaders
nedeľa 15. januára 2012
Brand Leaders
A brand leader commands the largest profit margins, of a given market. The brand is then most widely sold and has the most recognized product in a particular market segment. Brand leaders are specific to their group, for example, Coca Cola is a perfect example of a brand leader in the beverage market. Not only do they know that they hold most sales of all of the competitors, as brand leader they receive a lot of perks.Coca Cola has very high customer loyalty. Being a the most popular, and quality product ensures that the customers keep coming back for more.
Being a brand leader can be signal of quality too. For example, Louis Vuitton is currently the leader among luxury goods. Being a brand leader of this sort shows different advantages such post might hold. Louis V, being a brand leader receives a lot of free publicity. Of course, it is particularly the commercials that help earn the post, but after that, people are interested in the name, products and the companies actions - it leads to people talking - basically free marketing. The fact that it is a brand name, decreases price sensitivity in a customer. You would not pay $500 for just any bag or pair of shoes, but the fact that it Louis Vuitton makes it seem like a good buy even with the ridiculous price-tag. Such brand is admired, and has a high purchase intent. This means that it can expand. Although it may have been originally bags, now this brand makes belts, scarves, or shoes. The fact that it is a brand leader provides a platform for expanding the product categories.
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