Commercial Applications
Write a short note on brand promotion.
Advertising
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Answer
Brand promotion means persuading customers to purchase a particular brand. The main purpose of brand promotion is to build a market for the product and to meet competition.
Methods of Brand Promotion:
Advertisements — Advertisements in newspapers, radio, TV, and other media are regularly given to make a brand well-known. Brands like Lux soap, Colgate toothpaste, and Titan watch have become popular through advertising.
Quality Control — Brands become popular and continue to enjoy buyer confidence only when the quality of the brand is maintained consistently.
Publicity — Mass media such as newspapers, radio, and television give news and views about an organisation in such a way that the image is enhanced. News releases, feature articles, and press conferences are key publicity techniques.
Sales Promotion — Short-term incentives like discount coupons, prize contests, and money refunds are used to promote brands.
The power and value which a brand adds to the product is known as 'brand equity'. Strong brand promotion builds brand loyalty over time.
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