Question

Topic: Branding

Brand Equity

Posted by Anonymous on 250 Points
how to measure brand equity?
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RESPONSES

  • Posted by Blaine Wilkerson on Accepted
  • Posted by Pepper Blue on Accepted
    I think this article will be helpful.


    https://www.aegis-marketing.com/BrandEquity.htm

    Also, this is a great book:

    Strategic Brand Management: Building, Measuring, and Managing Brand Equity by Kevin Lane Keller

    It is often referred to as the "Bible" of brand equity.

    Hope that helps.
  • Posted by ReadCopy on Accepted
    Absolutely agree with Amir, its s simple indicator or brand equity (other more 'reliable' metrics are truey difficult and expensive to employ and only really needs to be undertaken when you are looking at selling the business!).

    Take the following test:

    1. Put your brand and that of your MAJOR competitors.
    2. Pick your most popular product and put its price down, as well as the price of similar competitor products.
    3. Look at the list and ask a prospect which brand they would choose.
    4. Which ever they choose, increase that price by 5-10% and reduce the others by 5-10% and repeat the question.
    5. Repeat this 5-6 times, and you will soon pick up if any brand has majority brand loyalty (does a more expensive brand get picked often?), or whether the market is just price sensititive, and brand doesn't matter too much!

    Good Luck
  • Posted by ReadCopy on Accepted
    Remember brand equity is only made up of:

    Brand Loyalty
    Name Awareness
    Perceived Quality
    Brand Associations - celebs, events etc
    Other Proprietary Assets (i.e. trademarks and patents, relationships etc)

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