Emotional branding: revolutionary initiative to enhance product marketing
In fast
consumption-driven economy, companies engage their targeted consumers in unique
ways to flourish in the market. The core success formula in fierce competitive
environment is branding a product as it creates added value
for the consumer as well as the company. Emotions play vital role in marketing. An emotion is
a mental and physiological state related with range of feelings, thoughts, and
internal or external behaviours. Emotion is a process, in which the perception
of a set of stimuli, allows a mental assessment that enables consumers to label
and recognise a particular emotional state. Emotional branding concentrate the
significance of emotional link between the firms and the consumer affected by
the system of the characteristic values and needs of modern consumers, which
develops a new symbol consumption culture.
Emotional branding is
a modern phrase in marketing communication that denotes to the process of
enhancing brands and companies that attract directly to the consumers’
emotional states, needs, desires, beliefs and ambitions. The key purpose of
emotional branding is to enable people to form emotional acquaintances with
brands in a subconscious way. Emotional marketing is fruitful when it prompts
an emotional response in the customer, that is, a strong and lasting desire for
the promoted product. Emotional brands have immense emotional impact on the
clienteles. It is assumed that emotions play vital role in communicating information
about products and services.
The benefit for
emotional branding is that people have a propensity to respond fervently to
different life experiences and place emotional value on adjoining objects. Brand
can assist in managing risks by creating standing of a trusted company. If a
company is in trouble period, it has a greater chance to survive in a market as
compared to firms without a reliable brand. Furthermore, brand accelerates
growth and generates revenue. Dominant and popular brand attracts new
consumers. Lastly, banding helps to maintain long-term sustainability because
it creates a strong emotional relationship with customers.
In simple terms, emotional
branding seems to identify how the process of generating a brand links with
people’s sentiments.
When analysing the
case of a brand Adidas. The features
and traits of its running shoes would be the shapes, styles, and colours. Main
benefits of shoes of this brand is the grip and power of the shoes, while the
emotional advantages that appeal customers are the feelings of energy and power
evoked to continue running. The tagline for the brand is ‘Impossible is
nothing’, stirring up the feeling of empowerment.
In Case of glorious
company Apple inc. , its core
capability remains delivering excellent customer experience through outstanding
user interfaces. Product strategy of Apple inc. is based around this, with the iPhone, Mac, iCloud, iTunes, and the
Apps Store all playing major roles. The distinguishing feature of each of Apple
Pay and Apple Watch remains the customer experience of a graceful user
interface and easy to use. Branding strategy mainly stresses on the sentiments
of consumers. The Apple brand personality is about lifestyle, imagination,
liberty regained, innovation, passion, hopes, dreams and aspirations, and
power-to-the-people through technology.
To conclude, today’s
market is based on exceptional marketing strategies to grab consumer attention.
Emotional branding is espoused by emerging firms to monetize the customers and
enjoy the success in business platform.
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