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Brand
Equity is the familiarity and trustworthiness of a
product or a service in the general marketplace. Brand
equity is the most important aspect which helps
companies to charge premium prices, contributing to
increased bottom lines. Brands do not happen overnight,
it needs proper planning and careful execution. Your
offering is listed to searchers in response to a keyword
or key phrase that was queried to solve a problem,
answer a question or find a service/product.
Internet is one market place where brand centered buying
pattern is quite common. Online users buy products
without actually seeing it or feeling it. Ensuring that
your website get listed gives you brand equity and
greater brand recall. Top positions in major search
engines improve brand awareness and credibility. It also
creates identity for an unknown brand. Online brand
building activities drive offline sales and offline
brand building activities drive online sales. Every
interaction with a service, a product or its provider
gives tangible proof of the real value the brand has -
its
action.
All these interactions and impressions add up to the
brand. |