Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Make Money Online
Stock
Brand Equity - How to Increase Your Brand Value and Increase Your Profitability
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Faith B, post: 227171, member: 11591"] [JUSTIFY]Building Brand Equity is an excellent way to increase customer loyalty and reduce acquisition costs. Attracting new customers can cost a company up to five times as much as maintaining current ones. Also, brands with loyal customers are more resilient and will stick with them even in tough economic times. This article will explore the different ways to increase your Brand Value and increase your Company's profitability. Let's start with the basics. It is important to create a recognizable, believable brand. [B]What is Brand Equity?[/B] Simply put, brand equity measures the asset value of a brand. It is also a component of a company's market valuation. Some studies have found a positive correlation between brand equity and financial performance. Others focus on customer mindset metrics. However, these metrics have not been independently validated by MASB or other bodies. The purpose of this article is to highlight some key concepts about Brand Equities. The next step is to measure the strength of a brand.[/JUSTIFY] [B]Brand equity can be measured in a variety of ways; [/B] [LIST] [*][JUSTIFY][B]The most obvious way to do this is through social media monitoring;[/B] The more positive a brand's reputation is, the more likely it is to be successful. For instance, if a company is able to retain its customers, they are more likely to continue to do business with it. They are also more likely to try new products. Ensure that your customers have a positive perception of your brand. This will increase your brand's value and increase sales. When a brand has a negative reputation, its reputation will be affected and it may cause sales to decline. A good reputation will lead to higher profits for a business. While the more valuable your brand is, the better it will be.[/JUSTIFY] [*][JUSTIFY][B]When companies build a strong brand, they can earn more money; [/B]Moreover, they can avoid the commodity status and race to the bottom. High Brand Equity also helps businesses attract more investors and create more value. A brand that has high brand equity is also valuable, and attracts more customers and investors. Finally, a strong brand will attract a high-quality workforce. In addition to this, it is crucial to maintain a positive image. This will ensure a healthy business.[/JUSTIFY] [/LIST] [JUSTIFY][B]Summary[/B] Building Brand Equity is a process of creating a strong relationship with your customers. In the first stage, your brand identity will capture the attention of potential customers and will become a stable base for future customer relationships. Once this initial stage is complete, your brand will have the ability to attract loyal consumers. Once they've found a good product, they'll recommend it to their friends and family. This is the foundation of your brand's equity.[/JUSTIFY] [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Make Money Online
Stock
Brand Equity - How to Increase Your Brand Value and Increase Your Profitability
Top