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Brand Image : Brand image means the image of a particular brand in market and in
eyes of people. Brand image decides the popularity of a brand in market. A brand
having good brand image is considered more popular than a brand with low image.
Components of Brand Image : There are three components to a brand image :
attributes, consequences and brand personality. It is perhaps more inclusive to think of
a brands image as encompassing all the associates that a consumer has for that brand :
all the thoughts, feelings and imagery-even colors, sounds and smells - that are
mentally liked to that brand in the consumers memory.
First comes the attributes, attributes means qualities or functions or advantages of a
particular brand. A brand is known by its attributes i.e. the qualities it offers.
Attributes effect the brand image i.e. a product or brand with lot of advantages in
comparison to its nearest substitute is considered more suitable. Thus it enhances the
brand image. Then come the consequences, consequences means the effect of the
product. The product or brand which gives ultimate good result is considered good
brand. Thus, consequences also effect brand image. Last component of brand image is
brand personality. Brand personality includes associations with particular characters,
symbols, endorsers, life styles and types of users. Together, such brand personality
associations create a composite image of a brand. It gives the brand a sense of human,
it makes you feel a brand as a person. Thus it characterized it as adventurous, head
strong, undependable, excitable etc. Brand personality also anociate feelings with
brand. Like fun, excitement with Pepsi, taste, health with honey. Brand personality
also creates an anociation of that brand with certain important life values, such as
exciting life, the search for self respect, the need to be intellectual, the desire for selfexpression etc. Finally what often matters more than the specific personality attributed
to brand is the question of whether a brand has any clear personality at all. Thus, it
could be said that the brand personality of a "brand as a person", is used by various
advertising agencies and marketing client companies.
Thus, these are the 3 components of brand image. Brand image is a important tool for
making effective sales. Brand image builds the confidence in customers. A product
which owns high brand image is always at an advantage in comparison to products
with low brand image. Thus, brand image can be described as impression of brand in
eyes of customers.
According to David Ogilvy :
employed when the product line expands so that new products are quiet different from
other products, therefore requiring a unique name and marketing strategy.
4. Trade name and individual brands :
The last strategy that may be employed by the firm is to anociate the company name
with an individual brand of each product. In this, the company name provides some
legitimization and the individual name some differentiation for the new product. This
strategy, as in family branding carries the risk of negative association of all products
but it provides with an advantage of low cost of introduction, as brand is known to
customer.
printing and other factors used to display the brand name will all affect its
performance.
These are the ways to determine brand name. Brand name is the first impression that
customer gets. Thus, it help in a great way to build a strong, positive brand image.
Brand image is the perception of brand among present customers, potential customers
and in market. A brand owning a strong image always rules the market and makes
effective sales. Thus its very important for companies to acquire a high brand image.
Importance of Brand Name :
Consumer brand preference means to which brand consumers gives importance and
priority.
A brand is a name, term, symbol or design or a combination of these that gives
identification to the maker and seller of a product or service. Brand is an important
part of a product, it gives a name, an identification of product, moreover branding can
add value to a product. Mostly people choice the product by its brand. e.g. A bottle of
white leinen perfume will be perceived as a high quality expensive product but if the
same perfume is in unmarked bottle it would be viewed as lower quality product even
if the frequency, quality etc. i.e. are other incidents are identical. This clarifies that a
branded product is always preferred in comparison with non-branded product.
Brands also tell the buyer something about product quality, a regular buyer knows that
they will get same feature, quality and advantages each time they buy the product. A
good name can add greatly to a product success.
Attitudes are expressions of inner feelings that reflect whether a person is favourably
or unfavourably pre-disposed to some object or brand. Attitudes are not directly
observable but are inferred from what people say or what they do.
Example : If a researcher carries out a survey and finds that a consumer consistently
uses a product and also recommend it to friend, it will to concluded that consumer
have a positive attitude towards that product.
To survive in such a competitive environment it is quiet necessary to understand liking
and disliking of the customer. Consumer attitude help to know about what is their
view about product.
Customer is the central point of all marketing activities. Thus, it becomes very
necessary to know about his attitude because customer attitude decides the position of
product in market.
Importance of study of consumer attitudes & brand preference :
In present context, it is very important to study consumer attitudes, as its a
competitive world if a manufacturer doesn't know about consumer attitudes he
become outdated and couldn't stay in market for long.
The study of consumer nature helps in following :
1. Price Policy.
2. Decision regarding channel distribution.
3. Production policy.
4. Consumer Satisfaction.
These are the ways to determine brand name. Brand name is the
first impression that customer gets. Thus, it help in a great way
to build a strong, positive brand image.
Brand image is the perception of brand among present
customers, potential customers and in market. A brand owning a
strong image always rules the market and makes effective sales.
Thus its very important for companies to acquire a high brand
image.