Brand awareness is the likelihood as to how aware a customer is about a brand, product or service. Brand awareness is how much a customer or prospect recalls or recollects about a particular company & its goods. Brand awareness is one of the key dimensions of brand equity & its includes a customer’s ability to remember the product, logo, tagline, name etc.
Importance of Brand Awareness
Brand awareness is often considered to be a prerequisite which stimulates a customer’s buying decision as it represents the main factor for keeping a brand in the consideration pool. Brand awareness leads to consumers’ assessment of perceived risk and their determination to make a purchase decision, driven by the familiarity with the brand and its varied characteristics. Brand awareness can further be segmented into at least two facets – unaided which is also known as brand recall and aided which is known as brand recognition. It is important for a company as it helps in its brand equity and is one of the basic steps of brand building. The fact that brand awareness plays a very important role is driven by the cut throat competition which exists in the market due to minimal differentiation in commodity items. High degree of brand awareness leads improved brand knowledge to better sales and high market share.
Elements & Types of Brand Awareness
Brand awareness is the ability of a customer to identify a particular brand. It is basically what all a customer remembers about the company’s offering. Brand awareness can be how a customer recollects various elements about a brand like logo, product type, slogan, advertisement, brand name etc. Brand awareness is basically of the following types: 1. Brand recall: Customers are able to identify the brand themselves without any aid, known as unaided recall. 2. Brand recognition: In this type of brand awareness, aided recall helps customers remember a particular brand. 3. Top of the mind brand: Any brand which a customer recalls without any help and is the first thing on their mind is top of the mind brand.
Brand Awareness Models
There are several ways in which brand awareness leads to enticing a customer into a purchase decision. Some models, which highlight the importance of brand awareness that creates a positive brand image & which leads to customer buying a product are mentioned below: a) Hierarchy of Effects Theory: The hierarchy of effects theory typically demonstrates how a customer sequentially moves from an unaware stage to ultimately ending up in buying of the product. There are three main stages through which the customer goes through. These are: - • Cognitive: - The first stage which focuses on building up the brand awareness about a particular product and associate the brand with it.
What is Brand Recognition?
Brand recognition is the ability of existing consumers as well as prospective customers to recognise a brand through its features like logos, taglines, colors, product features, other attributes etc. Brands which have a higher brand recognition leave a more lasting impact on the minds of the consumer, and generate a high brand loyalty over a period of time.
Importance of Brand Recognition
Brand recognition is a continuous process where a customer is regularly exposed to the positive attributes of a brand, so that a certain perception or image of the brand is created with the customer. It is very important for companies to understand what the customers feel about their brand, how the customer positions the brand value, what is its brand image, brand knowledge etc. For testing brand recognition, companies perform various tests through surveys, study groups, brand recall tests etc. Expressed normally as a percentage of the target market, brand recognition is the primary goal of advertising in the early months of a product's introduction in the market. Brand recognition does not necessarily need the customer to identify the brand name. Instead, it means that consumers can respond to a brand after viewing its visual packaging images and tell us about the brand awareness of the customer. Thus, the ultimate marketing goal is to have the target market think of your product when they are ready to buy thus, making the brand to stand out from the crowd. A high brand recognition means a higher brand equity.
Steps to Improve Brand Recognition
Some measures to improve the brand recognition of a product maybe: • Provide great customer service like guarantees and after-sales services. • Develop a heart-felt story that speaks to why you are in business which would gain trust of the customer. • Work to keep your name in front of your market and on the top of the customer’s minds. • Provide value – exceed their expectations. • Host a Facebook Group or promote your brand on twitter and other social media. • Use the same photo/logo in all your marketing materials and be consistent in your branding so as to not confuse the customer
What is Brand Recall?
Brand Recall is the degree or likelihood of instantly remembering the name of the brand if a product/service or any other kind of brand association comes up. Brand Recall can be aided or unaided.
Importance of Brand Recall
To increase their brand exposure, companies want their brand to come under unaided recall in relation to their competitors. The first brand name which is recalled (often known as "top of mind") has a distinct advantage in brand space over others competitors, as it has the first chance of evaluation for purchase by the consumer. If a company has high brand recall, this would mean there are more chances that while buying the customer will remember it more often and would end up buying more of the brand. If this cycle continues, repeat purchases would be more. Hence Brand Recall is very important for a brand manager. Brand recall is a part of brand awareness, which along with parameters like brand recognition and top of the mind brand help a brand establish in the minds of the consumer. There are primarily two types of brand recall i.e. aided brand recall and unaided brand recall. Unaided recall is where a person can recall or remember the name of the brand without any cue or hint. Aided recall on the other hand requires an external cue or hint of this recall. Lets understand more about them. As per common market research pure brand recall requires "unaided recall". Unaided recall means that no help or aid is given to consumer to recall the brand. It was already in the mind of the consumer under a product category. For example when a respondent is asked to recall the names of any phone brands he may know, or any beer brands he may know & the brands which he is able to recall without any help will come under unaided recall. The other one is "Aided recall" which tells you the level to which a brand name is recognized when the actual brand name is prompted. An example of such a question is "Are you aware of "Apple" brand?" In this case the Brand name is told to the respondent. One of the few brand recall test includes day-after recall test, which tests are consumers feedback after 24 hours.
Strategy to Increase Brand Recall
Companies give a lot of importance in ensuring that the brand recall for their products are high. Having a high brand recall requires a lot of time, money and patience. Some steps to increase brand recall are: Maintain high quality of the product or the service as eventually customer needs have to be fulfilled. 2. Ensure good brand visibility through advertising, packaging etc. 3. Brand recall can be enhanced by making sure people see the brand all the time. 4. Engaging customers through contests, events etc can help build a strong brand recall. 5. A unique brand name, logo, tagline etc can help connect with customers to increase brand recall.
What is Top Of Mind Awareness?
Top of mind awareness is the brand that comes to mind first when an unprompted question about a category is asked to a customer. Top of mind awareness is the percentage of customers who think of that particular brand first. It is a measure to see how well brands rank in the minds of customers. It is represented in percentage mostly.
Measuring Top of Mind Awareness
During an experiment to measure top of mind awareness, the customers are shown series of advertisements or any other promotion and asked for the first brand that comes to their mind. This is to checking the advertising awareness among the customers. They are asked these questions 30 days after the promotions are shown. The experiment is repeated for many customers and the percentage of people telling the different brands are noted down. From these percentages the awareness level of the brand can be calculated. It is also used to measure the effectiveness of the advertisement. Companies try to build brand awareness through different channels and try to increase brand equity. Brand awareness can be created by using TVCs, online marketing tools, print media, OOH and other advertising channels.
Importance of Top Of Mind Awareness
Top of mind awareness ranks a brand of a company in the minds of the customers while thinking about a particular industry or category. It helps in increasing brand awareness. People see many advertisements and use the brands as per their choice and preferences. Basically, people buy the products that come to their mind ‘first’. It is the brand that comes to the mind of the customer first when they are asked an unprompted question about a category or the percentage of respondents who name a particular brand first, without prompting, when they are asked to recall all the advertisements, they had seen in last 30 days. It is the ‘most remembered’ or ‘most recalled’ brand names. It is a special form of brand awareness.
Categories of Top Of Mind Awareness
For the product to be in top of mind awarenss, the brands must qualify one of the following categories: Perennial favourite: Keep on providing best products and services to all the customers. Some of them will retain the experience and it will become all-time favourite for them. Lingering bad taste: Most of the people are not clear on what they want but they are clearer on what they don’t. These are not the potential target customers as the brand is coming to their first in a negative way. So, always avoid to be in this list. Right Exposure: Give the customers more exposure to the products. Frequency of exposure of brand affects the customers as more frequent interaction with the brand leads to more brand awareness and retention Different Levels of Brand Awareness: Three different levels in which brand awareness can be measured are: Top of mind Awareness- The first brand that comes to the mind of customers when asked about a particular category. For example, when the customers are asked about shampoo, which brand comes to their mind first. Brand Recall- It is spontaneous awareness. The customers recall a brand after some cues like the segment in which the product or service falls or a specific need that the brand fulfils. For example, when the customers are asked about anti-dandruff shampoo, which brand comes their mind. Brand recognition- It is an aided awareness. The customers recall a brand when they are provided with a list of brands. For example, when customers a list of different brands of shampoo and are asked which brand they have seen or heard out of the brands in the list.
Advantages & Disadvantages of Top Of Mind Awareness
Some advantages are: 1. It increases brand awareness among people. 2. The brand first comes to the mind of the customers when they go for any purchase. So, sales will increase. A few disadvantages are: 1. It is time taking, long term process and needs investment. 2. Customers get confused between more than one brand.
Brand Positioning Brand Positioning Refers To "Target Consumer's" Reason To Buy Your Brand in Preference To Others. It Is Ensures That All Brand Activity Has A Common Aim Is Guided, Directed and
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