We are all well aware of the incredible usefulness of excel for data management. For visualizing that data, it also has a good number of features to create charts, graphs, etc. This portion is somewhat limited, however, and there is a much more intuitive and versatile tool for data visualization;
How do customers choose which brands to purchase, be loyal to, or respect? Customers become savvier all the time, so it will largely be based on what’s worked for them in the past or on other customers’ reviews. But their perceptions of the brand itself as a recipient of their
As marketers, we sometimes run the risk of narrowing our focus toward our business unit alone. To be efficient in our jobs, however, we must keep sight of every segment of the company or brand that we are marketing to our audience. This means keeping sight of financials so that
Brand identity is a crucial component of marketing. Creating or building upon a brand’s identity can be a long and involved process, with varying methods and strategies. The leveraging of secondary brand associations is one such method, and it consists of linking your brand’s image, to some extent, to another
When trying to determine the state of your brand’s performance, sales numbers are one of the primary components to look at. Your raw numbers, however, can only tell you a fraction of the story. You can certainly compare them to previous years’ performance to determine how much growth has occurred.
In the branding process, the first step to figuring out the best way to get to where you want is to take a full inventory of where you currently are. Conducting a brand audit allows you to determine what your sources of brand equity currently are. This in turn allows
Because price is one of the components of the marketing mix (along with product, place, and promotion), marketers have to be informed about and involved in the development of pricing strategy for the offered products or services. This begins with the awareness of the minimum pricing point at which a
Building brand value should be at the forefront of every marketer’s goal orientation. The promotion of specific products, services, or events is important in and of itself, but it should be interwoven with the building, reinforcing, or utilization of the brand value at all times. But brand value at its
The principle of market share is fairly self-explanatory to the majority of businesspeople. Investopedia defines it as the percent of total sales in an industry generated by a particular company. So if you run a professional hockey team and they have 1,500 season ticket holders, while there is a total
A brand is far more than just a logo. That logo, along with all other elements that represent the brand to an audience, is meant to be built upon the foundation of the brand’s uniqueness: what sets it apart from its competitors. G2’s Learning Hub lists 8 Essential Brand Elements
