Wednesday, April 28, 2010
Tuesday, April 27, 2010
What is Brand
What is brand?
“A name, term, sign, symbol or design or a combination of them, intended to identify the goods or service of one seller or group of seller and to differentiate them from those of competitors”
[Adapted from Kotlar]
What is difference between the brand and product?
Ø A products sits on retailers’ shelves; a brand exist in consumers’ mind
Ø A product can quickly be outdated; a brand is timeless
Ø A product can be copied by competitors; a brand is unique
A product become brand when the physical product is augmented by something else- image, symbol, perception, feelings etc
From the marketers’ perspective, a brand is a promise
From the consumers’ perspective, it is the set of associations, perceptions and expectations existing in his or her mind
Without brand meanings there is no brand. Brands are 1st and foremost a bundle of meanings. A brand remains always a cluster of meanings. Indeed, those meanings need to be constantly renewed, modified, furnish and when necessary rotated.
Brands flourish on the strength of relationship. Quit often people do not buy just one brand in a given category but swap among a list of brand. Brand –consumer relationship can be summarized by “what consumer looks for and expects from the brand”.
Brands are about relationships, then, and relationships are about trust.
By: Yatin Somani
About me .....
For writing blog my wife Monica Somani motivated to me, so, all the credit of my blog goes to my loving wife.
I learn [learning] advertising and out of box thinking [I don’t know how much I do] from my ideal advertising guru Pawan Kulkarni. I want one day I can do advertising like him.
My ex-boss Mr. M J Menon & Mr. Saugata teaches me about the basic of product management.
Now days, I am learning Management and leadership qualities from Mr. Farhat Khan. Hope one day I am manager like him.
My favorate advertising media – Print Media
My favorate marketing book – The Marketing by Philip Kotlar
Guidelines for my life – My parents, My Big brother and few of my best friends
What I love – Marketing [Marketing is not job for me, its passion for me]
What I hate – if someone called me “sir” [my parents has given me good name “Yatin”]
What I like to do – to develop the campaign and advertising