18. Importance of Branding
Helps identify the companies and goods and
services
Builds customer loyalty
More likely to trust new products
Will pay higher price for brand name products
Financial value through licensing
19.
20. Licensing
Allowing another company to use a brand-
name, patent, or any other item for a fee or
royalty
Licensor – the company or individual granting
the license for a fee in this legally binding
contract
Licensee – the company or individual paying
for the rights to use the licensor’s name or
property
Licensed merchandise/products – can legally
bear the name, logo, or other characteristics of
21. Licensing agreements can apply to
just about any product
Clothing
Accessories
Toys
Sports equipment
Food
Credit cards
Video games
Household items
Souveniers
Amusement park rides
22.
23.
24.
25.
26. In the past,
Most licensed goods could be purchased only
at the event venue.
27. Today,
Licensed merchandise is made available
through many channels of distribution
28. The licensor must be careful:
To select products that reflect the image its
brand name has in the public eye
29. The licensee must be careful to:
Select the right events, leagues, teams and/or
individuals for their products – for example:
Olympic games – prestigous/high profile
globally
Winning teams and players
Award winning entertainers
Blockbuster movie stars
Celebrities with a positive image