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The relationship between marketing strategies, branding and loyalty
Literature review on brand loyalty among consumers
Brand loyalty in the contemporary world
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One of the biggest challenges facing marketers is gaining and retaining customers. There are many ways a retailer can achieve brand loyalty but the most important person that can achieve it is the sales person that helps create brand loyalty. As a future retail leader, I define “brand loyalty” in the context of retail today as something that goes beyond creating a relationship between the customers and the sales associate; it is about creating trust and that is when customers begin to lean towards a brand and continuously purchase it. In other words, brand loyalty is the degree to which a consumer will repeatedly purchase a brand and stay committed to it. Brand loyalty is complex and many factors influence it such as consumer attitudes, …show more content…
Having a strong clientele base would allow the sales person to suggest specific brands to a returning customer. Customers are more likely to buy a certain brand again if the service they get from the sales person is exceptional. Most retailers train employees to deliver great customer service, by greeting customers, or asking them if they could be of any help. Thus, customer service is a large factor for a retailer to achieve brand loyalty amongst customers. Providing incentive programs such as, earning rewards for every purchase will bring back customers to continue purchasing the same product instead of going to the competition. Everyone wants something that cannot simply be purchased. By providing some privileges it makes customers feel appreciated. Another factor I believe is crucial for retailers to effectively achieve brand loyalty amongst its customer- base is letting the customers know of new and exciting developments within the company and what to expect next. Building momentum through communication and making the consumers feel welcomed and involved in the happenings of the business can make customers return and purchase the product at the same
As the salespeople’s immediate supervisor, it is the primary responsibility of the manager to provide proper training to enhance the salespersons’ effectiveness and improve their skills. Given the importance of having a productive and enthusiastic sales team, the manager needs to develop and manage effective reward and compensation packages to ensure a highly motivated and satisfied sales force. Sales managers also ensure that the company 's standards of professionalism, image, and branding are consistent with the sales team’s interaction with company customers. The manager 's presence also makes customers feel valued as well as provide credibility on behalf of the company (Pilling, Donthu, & Henson,
Brand loyalty is defined by Aaker (1991, p. 39) as a circumstance which shows the tendency of consumers switching to another brand, particularly when the brand makes a change, whether is a change in price or product features. Oliver (1997) characterizes brand loyalty as a sense of commitment to constantly repurchase or repatronise a favored product or service in the future, regardless of any marketing tactics or situational influences that may act upon switching behavior. Aaker (1992) and Keller (2003) noted that brand loyalty means that each consumer whose past and future purchase is the same, they recommend others to purchase or they have the intention to purchase more. Moreover, Brand loyalty is the attitude of brand preference towards a
Kevin Keller’s brand equity model is known as the Customer Based Brand Equity Model (CBBE). This model was first introduced in his book, Strategic Brand Management. According to the model, a company must shape how customers think, feel, and act towards a product in order to build a strong brand. A consumer must have the right type of experience around the brand, which foster positive thoughts, opinions, perceptions, beliefs and feelings. By building strong brand equity, customers will recommend company products and will buy more of them. Moreover, this increases brand loyalty and decreases brand switching to competitors. One’s memory consists of a network of associations and connecting links, and any association ever processed about a brand
A luxury good is something that, as ones income increases; the demand for an item or service also increases at a higher than proportional level, in contrast to necessity goods, in which demand increases proportionally with a decrease in income (Varian, 1992). Generally, luxury goods are seen as those at the highest end of the market, in terms of price and quality. Haute Couture clothing, accessories and luggage are considered to be classic luxury goods, although many markets have a luxury sector, for example Automobile, Bottled Water, Coffee, Foods, Jewellery, Sound Systems (HiFi), Tea, Watches, Wine and Yacht.
In order for a brand to fall under the category behavioral loyalty customers must not only be brand loyal, but also feel that it is the only brand out there that has the product they need (pg.96). For example, if the product
Companies creates a great and effective brand image or identity no matter from internal and external sources. Therefore, all the competitors are willing to do so because the brand image has the direct impact to generate consumer satisfaction value. Brand Image affects loyalty at least in two ways. Firstly, customer may use his preferences to present his own image. That may occur both in co...
According to Hsieh, Pan, and Setiono (2004), "a successful brand image enables consumers to identify the needs that the brand satisfies and to differentiate the brand from its competitors, and consequently increases the likelihood that consumers will purchase the brand". A company or its product services, which constantly holds a favorable image by the public, would definitely gain a better position in the market, sustainable competitive advantage, and increase market share or performance (Park, Jaworski, & MacInnis, 1986). In addition, several empirical findings have confirmed that a favorable image (i.e. brand, store/retail) will lead to loyalty (e.g. Koo, 2003; Kandampully & Suhartanto, 2000; Nguyen & LeBlanc, 1998),
Loyalty is a positive propensity for an organisation or brand (Da Silva & Alwi, 2006). In general, loyalty has been considered in various ways, such as positive word of-mouth, repurchase intention and so on. Burton (2002) argued that loyalty is probably better seen as attitude than behaviour.
... all the existing meanings and definitions of brands are provided. The history and evolution of brands are also looked upon.
Customer loyalty tends the customer to voluntarily choose a particular product against another for his need. The loyalty may be product specific or it may be company specific. When a loyal customer has repetitive requirement of the same product, such customers may be described as being ‘brand loyal’. On the other hand he/she may also require different products of the same manufacturer. That is to say he/she makes significant purchases direct from the same supplier and that counts as the company specific loyalty.
• Gifford, Jr., Dun, “Brand Management: Moving Beyond Loyalty”, Harvard Business Review, March-April 1997, pp.9-10.
Customer Relationships is about building a relationship of trust and convenience. A customer wants the company they are working with to be intuitive. To know their needs before they do. They want to feel respected, they need to believe you are honest and have integrity. This relationship breeds comfort and familiarity and causes the consumer to continue to do business with your company. This relationship that is built develops a personal relationship, like a friendship and it is one that the consumer cannot get from the store down the road and it is that personal touch of sincerity, of knowing their needs, of servitude that will turn them into lifelong branded customers.
This study has been significantly impact for the fast food chains in Pakistan in order to gain insightful findings about brand loyalty and overall brand equity.
From the study it is clear that people often purchase branded products since they are aware of the brand performance or perhaps they have a good past experience about the brands. This makes customer’s become loyal with the specific brand.
Lawfer, M., R. (2004). Why customer come back: how to create lasting customer loyalty. United State of America: Career Press.