Thursday, May 18, 2006

Why Brands Have Real Value for the Consumer

Branding seems to a lot of people to be a lot of smoke and mirrors. In short, they consider it "marketing bullsh*t". But brands have real value.

As I've mentioned, brands have real value - not just for a company, but for the consumer - because they simplify consumer choices. It's worth something to the consumer to buy a trusted brand. They are willing to pay for the convenience of not having to thoroughly research all the pros and cons of competing products.

That's why it's rational - and not "marketing bullsh*t" - for strong brands to command a higher price.

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