Bit of info on brand loyalty and how it is built - guidelines for Ann Inc to follow
http://www.essortment.com/brand-loyaltys-influence-consumer-behavior-35996.html
In today's highly competitive environments, improving consumers' loyalty to brands permits marketers to maintain a comfortable and lasting position in the marketplace.
The new millennium is not just a new beginning; it
is a continuation of trends in human behavior that have been following cyclical
patterns throughout our country's history. Just because we have entered a new
era does not mean we have to start from scratch when it comes to interpreting
why certain consumers are loyal to certain brands, and what type of factors
influence these allegiances.
Brand
Loyalty is the consumer's conscious or unconscious decision, expressed through
intention or behavior, to repurchase a brand continually. It occurs because the
consumer perceives that the brand offers the right product features, image, or
level of quality at the right price. Consumer behavior is habitual because
habits are safe and familiar. In order to create brand loyalty, advertisers
must break consumer habits, help them acquire new habits, and reinforce those
habits by reminding consumers of the value of their purchase and encourage them
to continue purchasing those products in the future.
The image surrounding a company's brand is the principal source of its
competitive advantage and is therefore a valuable strategic asset.
Unfortunately, many companies are not adept at disseminating a strong, clear
message that not only distinguishes their brand from the competitors', but distinguishes it in a memorable
and positive manner. The challenge for all brands is to avoid the
pitfalls of portraying a muddled or negative image, and instead, create a broad brand vision or
identity that recognizes a brand as something greater than a set of attributes
that can be imitated or surpassed. In fact, a company should view its brand to
be not just a product or service, but as an overall brand image that defines a
company's philosophies. A brand needs more than identity; it needs a
personality. Just like a person without attention-grabbing characteristics, a brand with no personality can
easily be passed right over. A strong symbol or company logo can also
help to generate brand loyalty by making it quickly identifiable.
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