Advantages of Branding

Advantages of Branding

Branding is emphasising the company’s products by differentiating from other competitors by adding value to the products.  Branding is a business identity which creates distinctive perceptions in the minds of customers. Customers believe a particular brand and expect high quality and fashionable products. Branding is a process which makes company’s distinction from the others. Branding plays a vital role for customers, owners and intermediaries.

Advantages:

  1. Branding helps to enrich the company’s value, customer preference and loyalty and act as a robust barrier to company’s competitors.
  2. Strong branding builds permanent identity of the product and enhances the profitability of the company.
  3. The quality of branded products is better and enhances repurchasing.
  4. Branding leads to customer satisfaction with the products and make them brand loyal.
  5. It serves as a robust reputation and good will towards the company.
  6. Positive experience with the brands induces the customer to purchase and repurchase the products frequently.
  7. Branding improves the company’s equity and brings more money for the company.
  8. Branding reduces the marketing expenses by making the investment for the brand creation and maintaining thereafter.
  9. The motive for purchasing decisions of the customers goes for branding products.
  10. Robust branding builds customer recognition where customers recognize the brand over something that is unfamiliar to them.
  11. Branding helps for easier introduction of new and different products and also less expensive for products introduction.
  12. As the customers are attracted towards the brand, customers render shared values and build an emotional relationship with the company.
  13. Branding enhances the trust worthiness with customers and increases the product’s sale in an effective manner.
  14. Branding gives familiarity of the products to customers, increase the level of confidence and trust of the customers towards the products and results in liking of the products.
  15. Branding has a strong impact over the sales of the product as customers who bought the products would have a strong influence with their friends or beers through word of mouth by giving recommendations for branded products.
  16. Branding helps to build a strong image of quality rendered by the company.
  17. It promotes stability and longevity of the company.
  18. Due to attraction of brand, buying decision is easily done by the customers and branding induces a strong feeling in the minds of customers.

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