Brand Resonance describes the nature of this relationship and the extent to which customers feel that they are “in sync” with the brand.
In regards to
maintaining customer based brand equity Samsung is one in electronic goods.
Samsung has been investing
heavily in brand loyalty and not just marketing. One of the major competitor of
Samsung is Apple but in today’s content Samsung is now challenging Apple in
this crucial area of marketing. Samsung is feelings about a brand, a brand is to
a person’s life and how often and naturally a brand comes to mind.
On the upside for Apple, it
scores higher for people with salaries of over $50,000. But Samsung are taking
the consumer brand battle to Apple and winning.
Samsung can be seen winning
out in all forms of social media. Samsung has been trying for the past three years to
win the hearts of its users, to go with the loyalty that its relatively low
prices inspire. As part of its brand strategy it has invested heavily in social
engagement and that too is paying off.
Samsung was named as the most shared brand of
2013. Samsung achieved a total of 7.3m shares during last year. Samsung
achieved a 201% increase on the previous year when it finished in eighth place.
Samsung has become more
popular than products that people depend on for everyday functions like
washing, eating and drinking. Already back in September 2013 Samsung was well ahead of Apple in sharing of video ads
(by a ratio of 5:1).
Samsung outsells Apple in
smartphones and is likely to surpass it in tablets too.
Samsung has
attempted to promote the product brand Samsung Galaxy, the Galaxy comes in a
variety of versions; some less advanced than the flagship model.
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