Branding It’s hard to believe that one of today’s most widely used corporate terms started out west in the 1800’s. Although the introduction of the term “Branding” may be far off from the meaning you desire in your business, even 100 years ago a particular brand was everything to a cattle ranch, the corner butcher shop even the grill a rancher’s product would eventually end up on. Today, Branding is defined as “the application of marketing techniques to a specific product, product line”. Improving your brand today means that you seek to increase your product or service’s perceived value to the customer and thereby increasing your brand franchise and brand equity. At UPCOM we see a brand as an implied promise that the level of quality people have come to expect from a particular brand will continue with future purchases of the same product. Ultimately, this will increase sales by making a comparison with competing products more favorable. By increasing the perception and implied success of your product you will also be able to increase your product or service price as your brand develops the reputation of meeting the same expectation of your growing customer base. At UPCOM we believe that the true value of the brand is determined by the amount of profit that is generated by your business, not only by how impressive your logo, website or marketing campaign. How you know that you have a successful brand is simple: Just track the combination of your price and your profits. An increase in both may be a solid indication that your brand is performing at a level of optimal success. However, if neither of these indicators are reflecting the true potential of your reputation or product potential please visit one or both of the programs offered in this section. Take the first step in building or establishing your brand with UPCOM.
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Published on Jul 2, 2013