The hallmark of every business success is the amount invested in advertising in that particular product or service. This is a great deal and a tested tactic or machinery in the business world. The likes of Coca-Cola brand, Pepsi Cola, etc, are living witnesses to advertising. They remain dominant in their market segment, not because they are the best soft drinks in the world, but because they make advertising a compulsory tool or strategy for them to dominate the market. So don't you think that it will also do you a lot of favour if you make your new product/service known to the world too?
Below are Few But Cogent Reasons Why You Should Advertise Your Brand
Advertising Builds More Familiarity
You may decide to pick a particular media to advertise your brand or product. This is how your target audience will know you and stick with your brand like glue. Being familiar with your brand will make your target audience loyal and continue to patronize your product or service. Most business people don't really understand this concept and it kills their business before maturity.
It Creates Good Image For You
What advertising your business will do in promoting your brand is that, it will make your name stick to the hearts and minds of your target customers. Your message and the image you are sending out must portray your brand. Make your customers proud of you by creating a memory which sends a call for a permanent relationship with them. This will enhance the life span of such brand and give it a better face.
It Gives Your Business More Leverage
According to investopedia, ''Leverage is the use of various financial instruments or borrowed capital, such as margin, to increase the potential return of an investment.'' This means that, when your customers see you up there advertising your product or service, they will have no other choice but to buy more of your brand. And this will in turn make you want to invest more capital in order to gain more ROI.
It Gives You More Return On Investment (ROI)
Advertising your new business in the beginning might be very expensive and capital consuming, especially in the conventional media. But trust me, with time you will start generating returns on investment in your sales or services, if only you can wait. It is not every business that could endure till the end to get their ROI. Just be very positive, optimistic and you can be assured of a great return on investment.
It Makes You Stand Out From The Crowd
When you are out there advertising your brand, it should state the advantages of using it over others. Your business will only grow if you start an effective advertising campaign for this purpose. Most businesses fail due to lack of proper market penetration. For a business to grow faster and speedily, it must employ a strategy of promoting the brand to a large extent and which will make it stay up there.
Sincerely speaking, when others (your competitors) are grousing for demand and low sales turnout, you should be glamouring for supply and high profit turn out. This is because you've applied the right concept of marketing in your brand and it will definite make you stand out from the crowd, above your competitors.
It Makes Your Brand Looks Very Visible To Your Customers
Even if you are new in the business, you are being recognized and the advert you are running can actually generate traffic for that your brand. This means that, advertisement helps heterogeneous and diversified target customers to see your product or service through the help of the mass media. Mass media has very powerful effects, and these effects will also affect the target public making them to stick with your product.
It Leaves A Permanent Signature On The Minds Of Your Customers
Lastly, you must create a memorable message in the minds of your customers. This, if you do will help and automatically stimulate your customers to stay glued to your brand without looking back. Your permanent signature could be, for instance, let's say, your product is fast food and your name is 'HUNGER QUENCH', at the end of your campaign, you must have a particular message like, 'hunger quench chicken, so sweet, scintillating, i love it'. Believe me, this signature will stick in the minds of your target customers if done repeatedly and correctly.
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