Definitely a great brand experience can ensure true customer loyalty as long as the emotional connect with the brand remains. But care has to be taken to ensure that the brands doesnt take the loyalty for granted and degenerates over a period of time. It is easy to gain a loyal following but very difficult to maintain it at that level. One way of doing it is through a good loyalty programme and the other way is through frequent product innovations. Make subtle changes in the brand to ensure you give a new experience everytime the customer purchases one.
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Jaygopal Raghavan, Marketing Manager, Landmark Group
| 01 26 2010 07:04:21 +0000
In the tetail segment, big retaillers like Big Bazar, Nilgris and Spencers will not keep nonpopular products in their shelf especially in the product line of cosmetics, sanitary items, electricals & electronic items, home appliances and other consumer durables. Because of the brand name of the big retail chain there is no need for the buyer to purchase. Today the consumers are more aware on what to buy and where to buy. The buyer may think good products will be available in the above big retail shops. If they fail to deliver the requirements as per the taste of the consumers, nobody will visit again.
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NATTERAJA R. ARIKRISHNAN, GM-Projects, Bentec Electricals & Electronics Pvt. Ltd
| 01 25 2010 17:08:14 +0000
Hi, A brand experience starts from the shop shelf - till the time its tried by the consumer. Once the brand is picked up its satisfying a need - when this need becomes a want i.e., 'I can't do without this product' it is the ultimate nirvana for a product. For this nirvana to happen the product should deliver on the promise it stands for consistently. Thus satisfying want continuously leads to brand loyalty.
By
Suryakumar Sharma, Consultant
| 01 25 2010 15:03:01 +0000
What is brand experience and loyalty ? Both can not be separated. For examble, Mr. X wants to buy a material for which there are several brands available in the market. Among the several brands, some may be very popular in the minds of the buyer and some may not be. The option for Mr. X is either to buy the popular one or the unpopular one.Here, buying a new product which is not so popular is not very easy even if it is a good one. In case Mr. X wants to buy the new product, not popular but with good quality, what he will do ?. As a matter of fact he will make a study in the market and also discuss with his friends and good marketing professional including the verification and examination of the product literature. Hence any new entry of product in the market will not be so easily accepted by the dealers or the customers. It will take some time to establish the brand image in the market for the customer acceptance. The company has to take a lot of endeavours to establish it through sales promotional activities like dealers meet, technical seminars, and also advertising in the media. Therefore seeing the brand will not creat any experience. The product is to be used by one and merits and demerits are to be analysed and then up to what extent the product is able to satisfy the user are to be decided.So, the Brand Experience is derived only after using it, which may lead to Loyalty
By
NATTERAJA R. ARIKRISHNAN, GM-Projects, Bentec Electricals & Electronics Pvt. Ltd
| 01 24 2010 16:57:54 +0000
brand is the one that is well recognised for something.ex: dettol,its products are recognised for some medical care. it takes a long time for a label to turn into a brand. so, definetely brand is one of the core that companies cannot loose in any circumstances. so definitely brand is that customer has a good faith in it. so, the brands are very much prefered by the customers.
By
nagarjuna.merugu , MBA/PGDM student, avinash institute of management
| 01 24 2010 15:33:34 +0000
24-01-2010 Loyalty means faithfulness or true allegiance towards any products in the market liked or required by an individual / buyer. So the degree of loyalty may vary or change in accordance with likes, dislikes, taste, fashion, product service, product appeal, satisfaction, and durability of products depending upon the purchase pattern of the customers. Therefore, the Brand Experience will ensure true customer loyalty up to some extent. Hence, loyalty of customers is not perpetual. As a prelude to discuss the subject, we shall look at the following:- Any company that selling or marketing its products/brands is to meet customer needs. This is the basic fundamental of marketing programe. Consequently, the various brands / products in the market are subjected to severe competition. The buyers make their choice from the competitive environment. Their purchase behavior involves taking decision based on the product availability, price comparison, company reputation, product quality, and differentiation from other competitors. - In the present scenario, both the indigenous and the multinational companies are fighting from the same platform to market their brands with features and every one is trying to position their brands in the market. A good marketing strategy calls for trying to establish a separate market segment for their products/brands with a view to have Brand Image and Brand Acceptance. This needs customer satisfaction, quality, durability, and product differentiation than the competitors. Then only they will be able to find their own way to penetrate the market segment to demonstrate their ability to install Brand Image or Loyalty from the customers.
By
NATTERAJA R. ARIKRISHNAN, GM-Projects, Bentec Electricals & Electronics Pvt. Ltd
| 01 23 2010 19:29:57 +0000
Brand experience is the otucome of right "product placing" by the Marketer. If the product gets a place in the customers mindset, then a marketer has succeeded in creating the right brand experience he or she is looking for. This is one function of Marketing strategy called STP, segmentation, targeting and placing.
By
Mathew Cherian, Research Associate/Analyst, Western Michigan University
| 01 23 2010 13:35:28 +0000
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Change.People yearn for change.It is very difficult to stay loyal to a brand for a very long time. There would be times,when a person,based on the projections before him,might consider changing his loyal brand.
By
Pradeep Goel, Director, Goel Marketing Private Limited
| 01 30 2010 16:27:16 +0000
I agree to a extent with Priya here that young generation is somewhat less affected by this 'loyalty' even after a good 'experience', the reason is being the spate of options with them & disposable income they have now & the changing life styles & global culture. They don't only have to go for iconic 'hamara Bajaj' now. Buying a Revlon lipstick doesn't insure that the same customer wont buy a L'oreal nor one has his/her wardrobe filled with all Louis Phillips or Arrow. P & G has aptly challenged the dominance of Lever in certain products, Santro became no 1 in its category leaving behind once again greatly experienced Zen. Its a matter of time & options available with the consumers now, they can anytime switch, yes there are some brands like Harley Davidson which have a 'cult' sort of followings & where loyalty seems to be very very strong.
By
ujjval jain, Retail, Retail
| 01 26 2010 12:01:11 +0000
If we try to understand it through the buying pattern than, I think the link is there between both, but it depends on the category we are dealing in. For example if we are talking about the retail sector (Big bazaar, Nilgiri’s, Spencers) where the store loyalty is on stake than good brand experience (shoppers ease at buying) may help the loyalty. But scenario may be different for exclusive brand stores where it depends on the product.
By
K Satish Kumar, Promotion and MArketing , Twinings Pvt. Ltd.
| 01 25 2010 08:52:24 +0000
The question under discussion is subjective and cannot be answered in words like yes or no. A lot of the factors here are to be considered and even then will be subjective to the individual situations, as such situations are largely influenced by the persons psychology.
By
Nagaraj VL, Content analyst, ANSR Source
| 01 25 2010 03:51:58 +0000
Bcoz, as an individual consumer, it most of the times depend onto the income-level loyality although the brand had made any influence on him. providing that his/her brand's shop come into his income-level.
By
nazim nissar, MBA/PGDM student, University of Kashmir, J&K
| 01 24 2010 18:06:44 +0000
Brand is the first face of the product coterie that a company decides to market. Your first "EXPERIENCE" with the brand is its communication to you!! I do not see any reason to go directly to product at all here!! The reason for debate here is the 'EXPERIENCE' and not product involvement. That will come much later after the brand experience sinks in!! Lets adhere to the debate and seek to understand what Jayant really means here. I will only look at the product if the brand has impressed upon me the core values that 'I' stand for!! I might be wrong in deciphering the meaning here but I feel that when its comes to the phrase 'ENSURE TRUE CUSTOMER LOYALTY'... I think this is what he means!! Product is UTILITY, Brand is 'EXPERIENCE'.
By
Makrand Bhave, Marketing & MICE, WIZCRAFT International
| 01 24 2010 02:21:34 +0000
NO!! Its not the Brand experience Jayant. The brand has to appeal to ones sensibilities and emotions in a big way. It has to vreate an impact that would MARK the customer as a THE ONE using the BRAND!! It has to have the differentiator that would give the customer a small recognition for using the Brand. Experience does not all the time culminate into sales, its the CONNECT that makes the customer GO FOR IT!! Communication and positioning also play a huge role on Brnad impact. Why do people only buy products from the SONY stable?? Why do people swear by Britannia? Why is TATA Indian in all aspects?? Why is BAJAJ so synonymous with two wheelers??? All these are beyond a great brand experience. This is my feeling. Thanks for the referral and as always kudos for a great debate once again!! :))
By
Makrand Bhave, Marketing & MICE, WIZCRAFT International
| 01 23 2010 03:14:17 +0000
It all depends on how well the brand and its product experience have impacted the customer. A demo can help u consider it but will u buy it? It also depends to whom u r addressing the question, for the older generation, steel almarah still means godrej, insurance still means LIC etc.. for the younger generation, if they hv the money and time.. they will go for the best.. will that translate into brand loyalty.. cant say..
By
Priya Varadan, Independent consultant, Self employed
| 01 22 2010 10:15:27 +0000
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