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Phone:+91 72 99 020 432
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Brand promotion is a strategy that is commonly used in marketing in order to increase customer loyalty, awareness of products and sales. Instead of focusing on the specific products, a company focuses on the promotion of its brand.Qudra Incorp is the leading web promotion company based in Bengaluru with a deep knowledge in the field of digital marketing and Internet promotion. The team helps you to promote business effectively. The company is a leading social media and brand promoters and have compiled a list of techniques for promoting your brand on social media. Objectives of Brand promotion The main objectives of brand promotion are : (i) To Promote Information: The firm provides the relevant information about its various brands offered in the market. Information relates to features, prices, special schemes, etc. of the brands. (ii) To Differentiate the Product: Another main objective of brand promotion is 'brand differentiation' which means convincing the customers about the unmatchable features or merits of the particular brand. For example, Pepsi differentiates its brand by using the slogan "The choice of a new generation". Such differentiation helps to create 'Brand Loyalty' which means consumers are faithful to and continue to prefer a particular brand, e.g., Lux soap. (iii) To Increase Demand: Brand promotion efforts aim at stimulating demand for a product. They persuade customers to buy more and more of the product so as to increase its sales and market share. (iv) To Build Brand Equity: Brand equity means the power and value that a brand adds to a product. The utility of the brand is emphasized. Status oriented advertisements highlight the value of the brand and pride in its ownership. For example, utility of owning a Mercedes Benz car or LG air conditioner. The brand value of a product justifies its higher price in the market. (v) To Stabilize Sales: Seasonal, cyclical and other fluctuations in demand affect sales. Brand promotion efforts seek to stabilize sales by minimizing the impact of such fluctuations. For example, Nescafe promoted its new brand of 'iced coffee' to increase sales during summer. (vi) To Offset Competitors' Marketing Efforts: In a highly competitive market, even a well-established brand has to be promoted to retain market share. For example, Coca Cola and Pepsi keep on repeating their advertisements for their own brands of soft drinks so as to offset each other's efforts. (vii) To Build Image: Brand promotion is also aimed at creating a positive image of the company offering its brands in the market. A company can build its prestige and goodwill by offering quality brands at reasonable prices and through satisfactory after-sale service.
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