“Remain
at the forefront of a customer’s mind…if you aren’t, someone else is.”
- Joshua Garity
Brand recognition is often the deciding
factor when customers are choosing between two or more products/services. Advertising
cannot wave a magic wand and make people buy products or services they are not
yet ready for. It involves a crucial process of familiarizing the customers
with the brand. This is why we see the same advertisements on newspapers and
television commercials and hear the same on the radio over and over again. The
aim here is to create brand awareness.
Brand
awareness is the measure of the consumers’ awareness of the existence,
importance and availability of your brand. It is closely related to brand
recall which is the readiness with which a given brand springs to mind.
Following are some famous examples
Kitna Deti Hai – Maruti
Chutki Mein Chipkaye – Fevistick
Jeevan ke sath bhi, Jeevan ke baad bhi – LIC of India
I’m Loving it - McDonalds
Kitna Deti Hai – Maruti
Chutki Mein Chipkaye – Fevistick
Jeevan ke sath bhi, Jeevan ke baad bhi – LIC of India
I’m Loving it - McDonalds
Creating positive brand positioning requires
creating a positive image of the brand. When operating in a competitive market
with similar businesses selling similar products and services, there are often
very few factors that differentiate one product or service from its
competitors. Therefore, the product or service that maintains the highest
positive brand awareness usually gets the bigger market share.
Positive
brand awareness reflects the effectiveness of marketing communication. Thus,
the initial goal of advertising campaigns is simply to make the target
market aware that a particular brand exists. At the end of the day, branding is a major reason why people
pay more for one product over another.
In
our opinion, to increase brand awareness a business needs to advertise not only
when business is under performing or before a new launch but also when business
is at its peak albeit with some lesser spend than in aggressive stages.
Brand Positioning at
different stages of business growth
·
A young naïve business entity needs to register with its
target audience and hence creating awareness is of prime importance. Greater
the budget bigger the impact and vice versa. If your voice of the brand can
reach the last levels you ought to get a bigger opportunity.
·
When business is strong there is a steady flow of money to support
an advertising campaign.
·
A strong client or customer base reduces the pressure
of advertising extensively for new projects. Although the end result is to sell the product
or services, the path that leads there begins with awareness of the brand.
·
Existing customers often forget about other the services or
products on offer. Effective soft selling can be used to increase your business
with them.
·
When business is strong and stress is low, you can be more
receptive to innovative marketing ideas. Creative advertising creates emotional
responses and registers deeper in the minds of the customer. This emotional
connection will help them remember your brand.
There
are successful companies who do not advertise but are very successful. They have
developed their business through customer service and word of mouth. This form
of advertising is called social
interaction and it involves great time and effort to measure success. Normally
smaller brands with a local or regional reach can rely on their product/service
worth and instead of spending on the advertising through various media can
concentrate of personal branding involving time and physical efforts.
Whatever
the choice of creating awareness, an organization needs to promote globally and
maintain a constant presence in the minds of the buyer. In order to survive and
excel, it becomes crucial to differentiate your business from your competitors
who are on the hunt for the same customers as you are, based on your budget and
assuming the deliverable do not lack on qualitative and quantitative parameters
as the case may be.
To
find out unique ways of keeping your business on top of your clients’ mind,
contact Blossoms on mktg@studioblossoms.com
or call +91 98230 64636
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