Short explanation of why brands have become a critical issue in product marketing:
Brand is defined as a “name, term, sign, symbol or design, or a combination of them intended to identify the goods and services of one seller or group of sellers. Therefore it makes sense to understand that branding is not about getting your target market to choose you over the competition, but it is about getting your prospects to see you as the only one that provides a solution to their problem. Branding is important because it builds relationships with consumers and is a guarantee that what they like about a product will be there every time.
Brands have become a critical issue in the marketing of products because it is everything you do to get your business known and to enhance its reputation. It’s advertising. It putting your business name on your vehicle. It’s sending out your invoice on an attractive letterhead or invoice form. It’s an attractive logo. It’s telling the guy in line at the supermarket what business you’r in. It’s passing out your business card. If you do you branding right you will get referrals. People will look for you on the Internet. People will recognize your site when they find it. They will look in the phone book for you.They will trust you. They will buy from you. When you are marketing your site, business, product, service, you must be seen, heard and remembered by your audience. Consumers are bombarded with messages all day every where they travel. You must stand out and the most cost effective way to do this is logical domain branding.
Today, we live in a society of overwhelming choice, which basically translates to relationships of convenience with the brands we choose. Today’s “wired” become tomorrows “tired” often in the course of a week, no matter what the emotional connection was when it was “in”. Brand loyalty is an illusion for marketers for the most part, and those that focus on innovation of their brand offerings with emerging trends are poised to fare better than those who still believe their customers will remain loyal to them. If brands create emotional relevance with customers over time, then they can potentially win them over for life. There are Coke drinkers who’ve never tried Pepsi, Nike owners who’ve never tried on a pair of Adidas, Starbucks customers who won’t ever get their latte from The Coffee Bean.
A good brand is a powerful thing. If done properly, a brand is much more than just an array of logos and slogans. It can conjure up magic images in the mind of the consumer and build life-long affinities.In the end, there can never be too much emphasis placed on branding’s importance. Modern consumers exist in a ridiculously cluttered media environment. Anything that captures attention amidst such chaos is worthwhile. The difficulties inherent in creating a magic brand presence mean good marketers will always stay in business.