According to American Marketing Association, A brand is defined as a name, term, design, symbol, or any other feature that identifies one seller's goods or service as distinct from those of other sellers. The legal term for brand is trademark. A brand may identify one item, a family of items, or all items of that seller. If used for the firm as a whole, the preferred term is trade name.
Post It is a product of 3M and was launched in 1977. This was an entirely new product in the market. On year after its launch it raked in more than US $2 million in sales.
BRAND NAME - POST IT
TAGLINE - Organize and prioritize at home, school or the office.
LOGO -
Post It is a product of 3M and was launched in 1977. This was an entirely new product in the market. On year after its launch it raked in more than US $2 million in sales.
BRAND NAME - POST IT
TAGLINE - Organize and prioritize at home, school or the office.
LOGO -
Why this brand name?
Point of Parity - In a particular product category, the features that are similar between the product and its competitors.
Point of Difference - In a particular product category, the features that differentiates a brand with its competitors.
POP and POD of 3M and other sticky notes (Big Logonotes, Stick it or not notes, Sticky Notepads, etc) -
Points Of Parity -
- Both are sticky notes.
- Same target group.
- Same pricing strategy.
Points Of Difference -
- Global brand.
- Quality is better (Post It).
- Comparatively more variants.
Brand Equity -
According to American Marketing Association, brand equity is a phrase used in the marketing industry to try to describe the value of having a well known brand name, based on the idea that the owner of a well known brand name can generate more money from products with that brand name than from products with a less well known name, as consumers believe that a product with a well known name is better than products with less well known names.
Brand asset valuator model - This model suggests that there are four key components of brand equity.
Energised differentiation - Measures the degree of which the brand is seen differently.
Relevance - Measures the appropriateness and breadth of the brand's appeal.
Esteem - Measures the perception of quality and loyalty.
Knowledge - Measures the brand awareness.
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