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#Post#: 34--------------------------------------------------
News portals and blog platforms
By: Rasel Rasel Date: September 9, 2023, 6:22 am
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Contrary to this your actions are directly reflected in sales
and financial results. If you are curious about generating
greater value for the brand and its solutions read on. In this
article we will explain what brand equity is its importance for
brands and how to use it in digital marketing. So let's get down
to business! What is brand equity. Brand equity is the end
result of branding. In other words it refers to the value added
to a product or service thanks to the strength that the brand
has gained in the market. Obviously this added value has the
objective of acting on the consumer's perception and behavior
regarding the brand how he feels and acts in relation to it.
This influences the purchase decision and consequently the
profitability of the business.
Like several other expressions used in the marketing universe
brand equity is an English term and in free translation means
something like �brand equity�. What is brand. Have you ever
noticed how an identical product can have different perceptions
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on the part of consumers. This happens
as the brand establishes itself in the market. The recognition
it acquires comes mainly from the consumer's experience with
your product or service. First of all to talk about brand equity
it is necessary to understand the concept of brand well. It's
normal for us to associate the brand with the company's name
which isn't wrong but the concept of a brand goes far beyond
that.
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As we just remembered it involves the consumer's experience and
how they assimilate the values ​​that the brand
passes on to them. In other words brand representation takes
into account all the elements that involve your business and are
in contact with the consumer whether tangible or intangible
depending on the segment. This perception that the consumer
creates directly contributes to the identification of the
company. Therefore a brand that has a positive image is more
likely to gain preference at the time of the customer's purchase
decision.
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