Brand Awareness
Brand Awareness
Brand Awareness
Definition
Extent to which a brand is recognized by potential customers, and is correctly associated with a
particular product. Expressed usually as a percentage of target market, brand awareness is
the primary goal of advertising in the early months or years of a product's introduction.
or
Brand awareness is the extent to which a brand is recognized by potential customers, and is
correctly associated with a particular product. Expressed usually as a percentage of the target
market, brand awareness is the primary goal of advertising in the early months or years of
a product's introduction.
Brand awareness is related to the functions of brand identities in consumers memory and can be
reflected by how well the consumers can identify the brand under various conditions. Brand
awareness includes brand recognition and brand recall performance. Brand recognition refers to
the ability of the consumers to correctly differentiate the brand they previously have been
exposed to. This does not necessarily require that the consumers identify the brand name.
Instead, it often means that consumers can respond to a certain brand after viewing its visual
packaging images. Brand recall refers to the ability of the consumers to correctly generate and
retrieve the brand in their memory.
A brand name that is well known to the great majority of households is also called a household
name.
Importance
"Awareness, attitudes, and usage (AAU) metrics relate closely to what has been called the
Hierarchy of Effects, an assumption that customers progress through sequential stages from lack
of awareness, through initial purchase of a product, to brand loyalty." In total, these AAU metrics
allow companies to track trends in Customer knowledge and attitudes.
Although the hierarchy of effects is considered as a one-way linear relationship, these three
stages are not clear-cut. The causal link might be reversed. The usage could cause the
awareness while the attitudes can also influence the awareness. For example, one owned a Dell
wireless mouse and had excellent using experience. Such experience might determine the ones
favorite brand attitude toward Dell.
Brand awareness plays a major role in a consumers buying decision-making process. During
this process, the category need is stimulated first. For example, you need to do food shopping.
You will only write down the food categories, like chocolate, instead of brand names on your list.
You will scan the packages of chocolate on the shelf and recognize different brands. Such
recognition might be based on the knowledge of an acquaintance or friend having used the
product in the past or constant advertisement. In this situation, brand awareness does not require
brand recall because brand awareness may occur along with brand recognition. However, in
other situations, brand recall is required. For instance, you are in a hurry and want to grab a bite
at a fast-food restaurant. It is not possible for you to drive around and make a decision. You need
to retrieve different fast-food brands in your memory, choose one and go there directly. In this
situation, constant advertisement is important in consumers memory retrieval because the
consumers are willing to go to the first brand that can be recalled.
The eventual goal of most businesses is to make profits and increase sales. Businesses intend to
increase their consumer pool and encourage repeat purchases. Apple is a brilliant example of
how there is a very high recognition of the brand logo and high anticipation of a new product
being released by the company. An iPod is the first thing that pops into our minds when we think
of purchasing an mp3 player. iPod is used as a replaceable noun to describe an mp3 player.
Finally, high brand awareness about a product suggests that the brand is easily recognizable and
accepted by the market in a way that the brand is differentiated from similar products and other
competitors. Brand building also helps in improving brand loyalty.
Methodologies
Mokhira discussion in industry and practice about the meaning and value of various brand
awareness metrics. Recently, an empirical study appeared to put this debate to rest by suggesting
that all awareness metrics were systematically related, simply reflecting their difficulty, in the
same way that certain questions are more difficult in academic exams.
Channels of Brand Awareness
There are many ways to generate brand awareness in the consumers. Listed below are four such
channels
Advertising is the activity or profession of producing information for promoting the sale of
commercial products or services. Advertising is used through various media to generate brand
awareness within consumers. They can be aired as radio ads, television commercials, internet etc.
Guerrilla Marketing creative campaigns allow every small firm to compete with bigger firms
by carving out narrow but profitable niches. Nowadays, big firms also use guerrilla marketing to
catch consumers attention at low cost. These tactics include (1) extreme specialization, (2)
aiming every effort at favourably impressing the customers, (3) providing service that goes
beyond the customers' expectations, (4) fast response time, (5) quick turnaround of jobs, and (6)
working hours that match the customer's requirements. The term 'Guerrilla Marketing' is a
registered trademark of author Jay Levinson who popularized it through his several 'Guerrilla'
books.
It is an out of the ordinary way of marketing a product. Low-cost channels can be utilised to
generate a high level of interest in the product and create brand awareness. Utilisation of
personal contacts is the most popular way of guerrilla marketing. Product Placement is an
advertising technique used by companies to subtly promote their products through a nontraditional advertising technique, usually through appearances in film, television, or other media.
A formal agreement between the product manufacturer and a media company can be generated
through which the media company also receives an economic benefit, usually in the form of a
fee. The media company in return will showcase the product through any of the various means
they have available to make the brand stand out. Some people, however, consider product
placement to be deceptive and unethical.
For example, Coca-Cola could pay a given fee to have the title character drinking a Coke, instead
of a Pepsi beverage, or Toyota might pay to have one of the characters drive their newest
automobile. Through product placement, companies hope that moviegoers will take note of the
products used by the characters, and therefore think more strongly about using the products
themselves. Social Media is the most contemporary and cost-effective way of creating a brand
awareness with an online audience. Many companies use social media like Facebook, YouTube,
blogs etc.
Challenges
Maintaining Brand Awareness is a very important aspect in marketing a company. It is
imperative and very helpful to analyze the response your audience has towards the change in
packaging, advertising, products and messages sent across through various means. Working
towards creating an image in the minds of the consumers is not the last thing a company should
aim to do. Inviting consumer feedback and maintaining a constant presence in the market is
equally essential. Availability of the product to the consumer is one such way of doing this. The
consumer should not have to come looking for you when he is in need of making a second
purchase of the product, dealerships and outlets at convenient places should make the consumer
think of the brand as the most convenient and best solution to their needs of fulfillments.
While brand awareness scores tend to be quite stable at aggregate level, individual consumers
show considerable propensity to change their responses to aided recall based brand awareness
measures. For unaided recall based brand awareness measures, consumers brand awareness
remain relatively stable. For top of mind recall measures, consumers give the same answer in
two interviews typically only 50% the time. Similar low levels of consistency in response have
been recorded for other cues to elicit brand name responses.