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Topic : How to build a brand
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Marketing & Branding

 
Started by : Meena Deshmukh, Product/Brand Manager, Videocon Inds   03 09 2010 07:20:46 +0000
Industry : Advertising/PR/MR/EventsFunctional Area : Consumer Sales(Sales & Marketing)
Activity:  185 views;  last activity : 07 06 2010 20:18:09 +0000

These days, branding is all about pricing and altering the price to get more consumers, but in the next decade the rules of the game will be different. However in order to get that growth it is important that brands build consumption as well as premium into goods. Indian society today is moving from wants to desires because of the rising incomes.

The advent of big format stores is encouraging consumers to spend and consume more. In the coming decade adjacent categories will see growth like mouthwash, conditioners etc. But for brands to benefit, they have to stretch across categories and tap into the consumer across categories.

So I would like to ask you people, according to you all, how can brands build their consumption?

 
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1 2 3 4 5
1 By making them transparent
2 360 degree approach
3 Adding Value to their product.
4 Accessibility, Affordability and Adoptability: Keys to the Success
5 Brand Building
6 More than transperency its consumer saisfaction which is the key to improve consumption
7 Core service & Value added services must be in place to drive brand consumption
8 By Meeting up Standards at all Levels...

By making them transparent

idea posted by Meena Deshmukh Product/Brand Manager, Videocon Inds

If brands are transparent then consumers will trust that brand more and this transparency will be discussed online as well. Total brand experience starts from advertising, continues when the consumer sees the product on shelf, to when he feels/smells it and finally when he consumes the product.

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in my opinion consumption depends entirely on brand image. Brand image does not only consists the intangibles but tangibles like how prompt and friendly is the service. how flexible you are about helping customers upgrade to better and bigger technology. for example, i want to upgrade to a better fridge, TV and washing machine but the cost of upgadation is huge, which is strange because India has a market willing to get the basic technologies at a good bargain. if companies explore that market they can offer great upgrade options to customers who want to graduate to the next level. Quality remains the best seller and it will always be so. Lately the aesthetics have become a huge factor in deciding what to buy, so designs have to be absolutely stunning. constantly innovation in design. lastly, speaking from my personal interactions with clients. the design and production value of the ads go a long way in forming the image of the company. Bigger logo and bigger product reflects the lack of confidence in ideas and the brand itself.

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by sudhakar , BUSINESS CONSULTANT  | 03 09 2010 08:01:51 +0000

i endorse meena's view. In any form of businesss transperency  plays a vital role. In other words THE VERY IDEA OF C. B M IS VERY MUCH ENSURED WHEN THINGS ARE TRANSPERENT. IT IS OFTEN SAID AND DONE THAT  BE TRANSPERENT IN EVERY THING WE DO. A GREAT IDEA AT THE RIGHT JUNCTURE

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360 degree approach

idea posted by Himanshu Jha Head/VP/GM-Client Servicing, Crayons Advertising Limited

Good topic Meena,

You asked how brand can build their consumption. Company has to adopt 360 degree approach to increase the consumption, one factor can't influence the consumption pattern.

The parameters which may matters to increase the consumption are:

a) Distribution network. Where all your products are available

b) Brand image of the product. How your product is perceived by consumers, they see it as value for money / premium product.

c) Awareness about your product. How much advertising support does product have?

d) Quality of your product. If the product is as per consumer expectation, repeat purchase will be done.

There may be more factors like that. Thus it is not one factor which will help increasing sales for company,

Himanshu

 

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Given that the brand has a communication, given that they have positioned it well, given that they have ensured a quality product, given that they have priced it as per the quality levels.... Does the product / brand address itself as a people brand?? Meaning does it advocate some super customer relation programs??? In short, is their back end in place?/

For every product / brand to enjoy a life cycle and keep itself alive, it has to have a very strong promotional and servicing team that innovates, engages and gratifies these customers for the sheer fact of utility!! a 360 degree approach is the most ideal. Keep communicating and reaching your TG through the entire gamut of the vailable media (Digital, electronic, print, BTL) and see the difference!! :))

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In today's scenario when the competition has increased and there are various brand available, we need to think according to our target customers.i.e what they want and how we could help in solving their problem

Brands can build consumption when they address the pain areas of their customer and help to solve them.

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Adding Value to their product.

idea posted by Dhiraj Wohra Dy. Manager, Centum Learning Ltd

A Brand can only prosper(increase consumption) by giving more value to its customers than its competitors. A common example could be the presence of Private labels in super marts as the most renowned brands have not been able to deliver Value to Their immediate customers that is super-marts....

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by Sambit , Project Manager, Azurepower India  | 03 11 2010 05:28:26 +0000

The whole concept of branding with the growing affluent Indian middle class is still in a naive. The youthness in the market is a really a interesting and challenging story. So brand building in India is going to be youth valued for years to come.

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Accessibility, Affordability and Adoptability: Keys to the Success

idea posted by Ankit Kumar Asst. Manager/Manager -(VAS), Reliance Communication

If you want your brand to be consumed more than others, then you have to have these:

Accessibility: Brand should be accessible with ease.

Afordability: Consumer should not feel that to consume your brand an extra budget is required.

Adoptability: How adoptable is your brrand with consumer.

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Brand Building

idea posted by NATTERAJA R. ARIKRISHNAN GM-Projects, Bentec Electricals & Electronics Pvt. Ltd

Branding is more than just a business buzzword. It has become the crux of selling in the new economy. If the old marketing mantra was, " Nothing happens until somebody sells something" the new philosophy could be " nothing happens until somebody brands something "

Brand is the name attached to a product or service. A brand represents many more intangible aspects of a product or service: a collection of feelings and perception about quality, image, life style, and status. It creates in the minds of customers and prospects the perception that there is no product or service in the market that is quiet like yours.

Unless you build a powerful brand and create brand identity, and if you cannot convince the customers that your product is worthy of purchasing, no amount of advertising, fancy packing, or public relation will help you achieve your sales goals.

Therefore successful branding program begins with superior products and services, backed by excellent customer service that permeates an entire organization.

Then comes the remaining things like distribution, availability, and pricing etc.,

 

Hence in my opinion the successful branding/creating identity will create & develop loyal customer base which will only make brand consumption again and again.

 

  1. Thanks for the referral Ms.Meena Deshgupta  
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More than transperency its consumer saisfaction which is the key to improve consumption

idea posted by Ramesh Parakkat Adisor/Projects, Freelancer

It is easily said that transperency will lead to consumption but to add on to the consumption and keep on building to it , the consumer or customer who consumes it should derive full satisfaction at evey point of the units consumed .

All the arguments fail to realise or understand that a chunk of Indian population reside in the rural area,s , wherein the real consumption story lie, hence my argument on core services and value added services for full consumer statisfaction.

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by Ramesh Parakkat, Adisor/Projects, Freelancer  | 03 23 2010 06:04:06 +0000

No points given for consumer satisfaction will drive consumptiion , which is very suprising,in a era where consumer is said to be the king .

 We can force a horse to the water but cannot make it drink the saying goes , in the same way you can do a 360 degree sales & marketing , including reserach etc etc , but only on the consumer satisfaction can a product increase its consumption.

All great and good stories are coined for sucessful brands & services , but few stories are sung for brands , Product & services that had failed even after all the jargons , technique, research, positioning , strategies etc etc  were in place.

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Core service & Value added services must be in place to drive brand consumption

idea posted by Ramesh Parakkat Adisor/Projects, Freelancer

The Brand drivers may create the brand saliency or recall but in order to build consumption its important that Brand managers/ Marketiers focus on the Core services and the Value added services so as ensure continuous availability of the product to the consumer/customer , also reinforce the salient aspect of the brand communication to the targetted group for maximising the competitive advantage which will in turn build the real consumption levels for the brand. 

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by Vinay Bhide, AGM- Operations  | 03 21 2010 12:13:51 +0000

Hv seen all views till date, but would agree most with Mr.Ramesh.The first step / requirement for sales to progress are product and / or brand recall, coupled with " the top in the mind " symptoms for the product.

Also agree that core benefits are key,coupled with " augmented benefits ". And most imp of all, buyers must perceive " value for money " on a sustained basis.

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By Meeting up Standards at all Levels...

idea posted by Manish Gaurav Chairman, B2B Logica Pvt. Ltd.

Dear All be it in sense of growing demand in any said sector or product brands can grow only when if all the parameters meet the requirement of the consumer i.e satisfaction of customers, competition, present brand value at that time.

Or be it Ethical Standards all areas will have to be taken into consideration critically.

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