To
create positive brand equity, marketers must focus on making sure that the
consumers see the difference between their brands and the others. “A brand is
said to have positive customer-based brand equity when customers react more
favourably to a product and the way it is marketed when the brand is identified
as compared to when it is not”[1]
In
marketing the consumers are divided into three major categories: Consumers
motivated by ideals. The consumers
in this category require knowledge about the product before they buy the
product. For them quality, integrity and tradition are very important.
Consumers motivated by achievement.
Consumers in this category struggle for a clear social position. They make
their choices on the social desires of people in the group to which they belong
or aspire to belong. And finally, Consumers motivated by self-expression. The consumers in this category make rational decisions while making their purchase-decision.
Trademark can appeal consumers having different emotional and psychological
needs. Brands, as
symbols, signs, and names can influence consumers’ psychological responses, namely
cognitive and affective responses. “A successful brand appeals to consumers by aligning their perceptions with
the
product’s physical presentation, pricing, promotion etc. Starbucks, the most successful global
café appeals consumers on the basis of its emotional warmth, communal ambiance,
and memorable coffee-drinking experience”[2].
Modern brands can also
deliver emotional and self-expressive benefits while simultaneously providing
functional benefits. For those who buy and/or use branded goods or services,
positive emotional and self-expressive experiences can be the basis for a strong
attachment to the brand. Further, trade mark’s capacity to make a statement
about social status may depend as much on the presentation and price of the
marked products as on a reputation concerning their quality and functional
characteristics. Here, the role of the trade mark expands beyond signifying
information about the marked products to consumers to include signalling
information about consumers of the marked products to third parties. And the
reassurance that the trade mark provides to consumers includes the fact that it
can convey this message to third parties. These associations may just reinforce the trade mark’s reputation
concerning characteristics on which consumers need reassurance, but they can
also take the form of attractive analogies or metaphors for the products or
their other characteristics that appeal to certain consumers.[3] They may go further and appeal to consumers’
psychological needs for social status, self-expression and a sense of
community.[4]
Consumers have, for example, come to
regard certain brands and the trade marks signifying these brands as
symbolising a certain social status or standing. Purchasing marked products
then becomes a way in which consumers can make a statement about their own
status or standing.[5]
A unique brand name and
cohesive brand identity are probably the most powerful pieces of information
for consumers. Brands may give us a positive clue as to a proprietor but modern
trademarks are equally or more likely to convey, among a huge amount of other
messages relating personality, purpose, performance, preparation, price and
position.
[1] Keller (2003)
[2] David Allen Bernstein, A Case For
Mediating Trademark Dispute In The Age of Expanding Brands, http://www.cojcr.org/vol7no1/CAC102.pdf accessed on
25/7/2011
[3] Jerre B. Swann,
An Interdisciplinary Approach to Brand Strength, http://www.inta.org/TMR/Documents/Volume%2096/vol96_no4_04.pdf, accessed on
25/7/2011
[4] Swann, Aaker
and Reback, 2001, http://www.inta.org/TMR/Documents/Volume%2096/vol96_no4_04.pdf, accessed on
25/7/2011
[5] Becker and
Murphy with Glaeser, 2001.
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