Skip to main content

what is Brand Equity?

According to Investopedia

Brand equity refers to a value premium that a company generates from a product with a recognizable name when compared to a generic equivalent.


Read article click here
In simple term Dominance of any product in his field is Brand equity
for example

If you want Toothpaste we prefer Colgate,
if you want water we prefer Bisleri,
insurance refer to LIC,
In India, BJP means Modi and Congress means Rahul Gandhi,
Brands are too dominant that they replace the product

How the brand is created?


  1. Name
  2. Logo
  3. Tag line
  4. Medium of Communication



I would like to share An example which all Indians can relate

Topic:- Historic 2014 Election


BJP has created a boom for Narendra Modi in Social media in terms of marketing and Advertising

 People behind Advertising
Piyush Pandey(Executive Chairmen Creative designing of Ogilvy)
Sam Balsara(Chairmen And Managing Director of Madison)
Piyush Pandey was the only person who coined the term "Aab ki Baar Modi Sarkar"
it acts as a jingle for BJP
UPA campaign and NDA campaign
They got around 50 days of media planning
they created 200+ Tv Commercial,100+ Radio commercial
100+ print Ads/per night
To create a brand  Advertising is the major factor

 Good Advertisement  kills a Bad Product Faster


Brand Equity can be divided into a category
National Brand Equity
Regional Brand Equity


Learn more about Brand Equity purchase these books




Comments

Popular posts from this blog

What is Big Data?

Big Data is the huge amount of data which can't be stored and processed using the traditional methods within the given time frame. So, The Question arises that how much big should be the big data . Generally, people think that the data whose size is more than GB, TB, PB is big data. But, it's not the case. some data which is small in size can be a big data. For example 100mb of a document is to be sent by email(we generally use Gmail ), but it's not possible because Gmail  doesn't support this feature.  That's why  100 MB of the document can be referred to as a big data for email service. let's understand bigdata with another Example 1TB of data is given a person, 1 TB contains images which he has to edit and process in a particular amount of Time, for a normal user it will be a Bigdata. Some analysis of data in the real world Facebook-100TB /day twitter- 4400 twites /day LinkedIn - 10TB/day Google+ - 10TB/...

What is Virtualization in cloud?

In this post, we will discuss Virtualization, load balancing, Hypervision, and Machine Imaging What is load balancing? In simple terms balancing traffic in an appropriate and effective way is called load balancing. Example:- Suppose you have a website and your gateway can handle 1000 visitor at a time but traffic is 2300 what will happen to your gateway? It will stop working and your website may crash. This is called load and if we manage this using more gateways it will be called load balancing. Real-time Example:- Flipkart hosts sale on   22 July 2014 and Site "Crashed" Do you know why? Because the traffic was more than expected and the gateway failed to process The error was 5001,5002,5003 which refer to gateway and service unavailable. Report click here  How to overcome crash and the answer is to buy more gateways and handle the traffic . let's understand it with a simple example You have a website whose dail...