2014: Louboutin enter the beauty arena with nail polish.
2016: perfume 2017: mascara
Marketing as stigma
- Marketing has a long, familiar history and widespread connotation of inferiority
and stigma - This negative view endures, often finding overt expression or existing as an undercurrent to social views of branding when it’s criticized. “The use of private brands by retailers is a very real obstacle to the manufacturer of nationally advertised good who wishes to obtain the widest possible distribution”
“A brand is a name with power to influence buyers”
A brand is a shared, desirable and exclusive idea
Why do we need brand?
To reduce the risk (authenticity, trust, reliability, acknowledgement, estimability)
Characteristics of a brand
- Attractive - Experienced by people at contact points - Activated by deeds and behaviors - Communicated - Distributed
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