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Business strategy
Measuring The Success Of Your Branding Efforts
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[QUOTE="Yusra3, post: 277735, member: 31907"] [I][B]1. Brand Equity[/B][/I] Your brand equity is the value of your brand, based on consumer perceptions and associations. To measure brand equity, you can conduct surveys or focus groups to gather data on consumer attitudes and behaviors towards your brand. [B][I]2. Sales And Market Share[/I][/B] Sales are a direct indicator of how well your brand is performing in the marketplace. You can track sales by product, by channel, or by geography to get a detailed picture of how your brand is faring. Market share is a measure of your brand's relative performance in comparison to other brands in your industry. [I][B]3. Customer loyalty[/B][/I] Customer loyalty measures how likely customers are to continue doing business with you over time. To calculate customer loyalty, you can track customer retention rates or survey customers about their satisfaction with your brand. [/QUOTE]
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