How to Write Your Business's Brand Launch Plan
Set Up and Brand Your Website
Ten Ways You Can Sink Your Personal Brand

How to Protect Your Business's Brand Equity

For as long as you own your business's brand, you must protect that brand's equity (meaning its value). While your business builds the equity of your brand, always monitor these four strategic areas to be sure that all decisions related to your brand are consistent with your brand position, promise, and image:

  • Product: If you adopt new product lines or make product adjustments, be sure they match your brand image and market position.

  • Pricing: Be sure that all pricing decisions align with your brand’s market position and image. Discounting is a popular way to win quick sales in today’s cost-conscious market environment, but if your market position is that of the high-end, elite brand, a discounting strategy may be the equivalent of shooting your brand in the foot.

  • Promotion: Be sure all promotions are consistent with your brand identity. As brands mature, too often they experience a costly, brand-eroding diversion from the original brand image and promise.

  • Place: While you enhance your distribution — the way you get your product to your market — be sure that you select only those channels that support your brand identity. Too many high-end brands have suffered by cutting distribution deals with warehouse outlets only to later receive the cold shoulder from the boutique retailers with whom they’d built their reputations and clientele.

  • Add a Comment
  • Print
  • Share
blog comments powered by Disqus
Negotiate a Respectable Rate for Mom Blog Services
Track Affiliate Links to Improve Mom Blog Sales
Review Big Brands for Your Social CRM
How to Give Your Business's Logo a Makeover
Your Mom Blog and Affiliate Marketing
Advertisement

Inside Dummies.com