feeling, thinking, and acting Approaches of Perception • Multi-trait Approach • Single Trait Approach Multi-trait Approach • The multi-trait theory used most commonly by marketers is the Five- Factor Model. • This theory identifies five basic traits formed by genetics and early learning. These core traits interact and manifest themselves in behaviors triggered by situations. Multi-trait Approach Single-Trait Approach • Single-trait theories emphasize one personality trait as being particularly relevant to understanding a particular set of behaviors. • They do not suggest that other traits are nonexistent or unimportant. Rather, they study a single trait for its relevance to a set of behaviors, in our case, consumption-related behaviors. • Examples of single-trait theories of relevance to marketing include those dealing with vanity, trait anxiety, sensation seeking, compulsive buying, materialism, affect intensity, and self-monitoring Single-Trait Approach • Consumer ethnocentrism • Reflects an individual difference in consumers’ propensity to be biased against the purchase of foreign products. • Consumers low in ethnocentrism tend to be more open to other cultures, less conservative, and more open to purchasing foreign-made products Single-Trait Approach • Need for Cognition • Need for cognition (NFC) reflects an individual difference in consumers’ propensity to engage in and enjoy thinking. • Compared with low-NFC individuals, those high in NFC engage in more effortful processing of persuasive communications, prefer verbal to visual information, and are less swayed by the opinions of others. • NFC has obvious implications for marketing communications Single-Trait Approach • Consumers’ Need for Uniqueness • Consumers’ need for uniqueness reflects an individual difference in consumers’ propensity to pursue differentness relative to others through the acquisition, utilization, and disposition of consumer good Brand Personification • Brand personification suggests a consumer tendency to attribute human life to brands. • We can observe a close relationship would seem to exist between brand personification and brand personality. • This logic suggests that strong brand personification can be inferred from the ease with which distinct brand personalities can be assigned. Brand Personality • Brand personality is the human characteristics or traits that consumers can attribute to a brand. • Communication of a brand personality is one of the primary ways marketers can make a product stand out from competitors and inspire brand loyalty.
People want to see the humanity within a
business Brand Personality • If the brand were to come alive as a person, • What would it be like? (Image, Looks, Physical dynamics) • What would it do? (Role, activities, services, message) • Where would it live? (Consumer Perception, Location) • What would it wear? (Packaging, Selection of Colors) • Who would it talk to if it went to an event? (Target audience, Target Market) • What would it talk about? (Competitive advantage, Benefits) Brand Identity • A person’s identity serves to provide direction, purpose and meaning for that person. • Consider how important the following questions are • What are my core values? (Brand Commitments, Brand promises) • What do I stand for? (consumer perceived value) • How do I want to be perceived? (Product, Brand perception) • What personality traits do I want to project? (brand attributes, elements) • What are the important relationships in my life? (Consumers, shareholders, Market growth, Sales) The Use of Personality in Marketing Practices Assessing Brand Personality • 1. Sincerity: Loyalty with brand is represent to the sincerity (down-to-earth, honest, wholesome, and cheerful • 2. Excitement (daring, spirited, imaginative, and up-to-date) How much you get excited ? Your opinion about the brand after using it. • 3. Competence (reliable, intelligent, and successful) Who are the competitors of your brand • 4. Sophistication (upper class and charming) The quality of being sophisticated • 5. Ruggedness (outdoorsy and tough) Western, Tough = tough, rugged Sincerity Excitement Excitement Competence Competence Sophistication Sophistication Ruggedness Ruggedness Brand Personality Traits • Masculine (Strength, courage, independence, leadership, and assertiveness) • Feminine (Supportiveness, gentleness, warmth, cooperativeness) • Older (Loyalty, Awareness, Higher sales and profits) • Younger (Uniqueness, Passion, Consistency.) • Old fashioned (Based on strong historical norms, values beliefs) • Trendier (Based on going trend, day by day cultural changes) • Conforming (Perceptions, Adaptation) • Irreverent (Stubbornness, Importance) How to Create Brand Personality • There are various ways to make a strong Brand Personality discovered by different authors and researchers, here we will discuss about some major points that could help make a strong Brand Personality. 1. Symbols, Logo 2. Brand Ambassadors 3. Feelings engendered by Brands 4. Brand as a badge Symbols, Logo • Symbols can be controlled and can even have Strong associations. • Brand Ambassadors • A brand ambassador promotes a product or brand that they feel positively towards and want to share with their followers. There are many types of brand ambassadors. We are going to focus on the top 4 most popular: • Influencers • Customer Ambassadors • Expert Ambassadors • Affiliate Ambassadors Brand Ambassadors Feelings engendered by Brands • Engaging with your users makes them feel more personally connected to your brand and elicits more emotional reactions. • Start engaging your users more by connecting with influencers, sharing user-generated content on social media, and replying to reviews and comments to make lasting connections Brand as a badge • Brands send a message about the person using them. • If we ask consumers to imagine a BMW driver and a Ford Truck driver, they can easily tell us the differences between the two types Why use brand personality? 1. Creates brand equity Creates brand equity 2. Builds long-term brand equity 3. Differentiates the brand and makes it distinct from other competitive offerings