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20/09/2017
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28/05/2014
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Brand
A brand is a mixture of attributes, tangible and intangible, symbolised in a trademark, which, if managed properly, creates value and influence.
“Value” has different interpretations: from a marketing or consumer perspective it is “the promise and delivery of an experience”; from a business perspective it is “the security of future earnings”; from a legal perspective it is “a separable piece of intellectual property.” Brands offer customers a means to choose and enable recognition within cluttered markets.
21/05/2014
IT'S ANOTHER ........... GOOD MORNING BEAUTIFUL PEOPLEhttp://ts4.mm.bing.net/th?id=HN.608054763822188243&pid=1.7
DIFFERENCE BETWEEN A COMMODITY AND A BRAND : Examples
COMMODITIES BRANDS
Soft drink Coca- cola
Water Eva
Razor blade Gillette
Computer Hp
Noodles Indomie
Products Are Instantly Meaningful but Brands Become Meaningful over Time.
When you launch a new product, it’s easy to make that product instantly meaningful and useful to consumers because it serves a specific function for them. However, a brand is meaningless until consumers have a chance to experience it, build trust with it, and believe in it. That’s why the 3 steps to brand building include consistency, persistence, and restraint. It takes time and effort to convince consumers to believe in your brand.
The brand name is quite often used interchangeably with "brand", although it is more correctly used to specifically denote written or spoken linguistic elements of any product. In this context a "brand name" constitutes a type of trademark, if the brand name exclusively identifies the brand owner as the commercial source of products or services. A brand owner may seek to protect proprietary rights in relation to a brand name through trademark registration and such trademarks are called "Registered Trademarks".
Products Can Become Obsolete but Brands Can Be Timeless
With the introduction of DVD players and more recently DVR devices and streaming video services, VHS players have become obsolete. The same thing happened to 8-track tapes, vinyl records, cassettes, and CDs. Today, most people buy their music in digital format and listen to it on their iPods. The Elvis Presley brand is timeless, but no one buys Elvis music on cassettes anymore.
Similarly, a product can be replaced with a competitor’s product if consumers believe the two products offer the same features and benefits. Products with low emotional involvement are typically easily replaced. For example, do you really care what brand of milk you buy or do you primarily just care that the milk you buy is fresh and includes the fat percentage that you want?
Products Can Be Copied and Replaced but Brands Are Unique
A product can be copied by competitors at any time. When Amazon launched the Kindle e-reader device, it didn’t take long for competitors to come out with their own branded versions of an e-reader product. However, the brand associated with each e-reader device offers unique value based on the perceptions, expectations, and emotions that consumers develop for those brands through previous experiences with them.