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PART 4 Building Strong Brands Chapter 9 | Creating Brand Equity Chapter 10 | Crafting the Brand Positioning Chapter 11 | Competitive Dynamiter p a Ch9In This Chapter, We Will Address the Following
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Identify your target audience and understand their needs and preferences.
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Creating brand equity involves establishing a strong and favorable perception of a company's brand in the minds of consumers, which can lead to increased loyalty and higher sales.
Companies that are looking to strengthen their brand position in the market and build a strong connection with consumers are required to focus on creating brand equity.
The process of creating brand equity involves conducting market research, developing a unique brand identity, consistently delivering on brand promises, and effectively communicating brand values to consumers.
The main purpose of creating brand equity is to differentiate a company's products or services from competitors, increase brand awareness, establish brand loyalty, and ultimately drive sales.
Information such as brand positioning, target market analysis, brand messaging, brand image, brand identity, and brand equity measurement must be reported when creating brand equity.
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