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Why a brand?
Drayton Bird 2014
A right mouthful about brands
Brand equity describes the value of having a
brand based on the idea that the owner of a well-
known brand name can generate more money from
products with that brand name than from products with
a less well-known name, as consumers believe that a
product with a well-known name is better than
products with less well known names.
How a strong brand helps you
• You make more money by selling more at the same
price
• You make more money by selling the same volume
at a higher price
• You get more repeat purchases
• Customers stay with you longer
• Their lifetime value is greater
• Economies of scale mean you can undercut
your competitors.
• You can pay more to get or keep a customer
• People forgive your mistakes more easily. They
trust you to put things right.
How to live forever
• Things can be copied
• Brands can’t
• “A brand is not a process, a product or
people. It can live on after processes and
products have changed – and people have
died”
-Jeremy Bullmore
• Companies are made up of people
• People die. People move on.
• Working practices change
• But how do you “copy” a brand?
• Impossible: its qualities are in the mind.
Helpful marketing ideas, free
● Each takes 1-5 minutes to read
● A constant stream, simple and practical
● Plus the best marketing book ever
● Over 16,117 marketers all over the world get
them
● Go to draytonbird.comand you can too

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Branding

  • 2.
  • 3. A right mouthful about brands Brand equity describes the value of having a brand based on the idea that the owner of a well- known brand name can generate more money from products with that brand name than from products with a less well-known name, as consumers believe that a product with a well-known name is better than products with less well known names.
  • 4. How a strong brand helps you
  • 5. • You make more money by selling more at the same price • You make more money by selling the same volume at a higher price • You get more repeat purchases • Customers stay with you longer • Their lifetime value is greater
  • 6. • Economies of scale mean you can undercut your competitors. • You can pay more to get or keep a customer • People forgive your mistakes more easily. They trust you to put things right.
  • 7.
  • 8. How to live forever • Things can be copied • Brands can’t • “A brand is not a process, a product or people. It can live on after processes and products have changed – and people have died” -Jeremy Bullmore
  • 9. • Companies are made up of people • People die. People move on. • Working practices change • But how do you “copy” a brand? • Impossible: its qualities are in the mind.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14. Helpful marketing ideas, free ● Each takes 1-5 minutes to read ● A constant stream, simple and practical ● Plus the best marketing book ever ● Over 16,117 marketers all over the world get them ● Go to draytonbird.comand you can too