04/10/2024
Building Your Brand’s Perceived Value.
Powerful Brands, aren't the most fabulously unique brands,
They are the ones that their tiny uniqueness appeals to a customer's high ranking values.
Redesigning your perceived value, can strengthen your brand.
And How do you start?
A brand's perceived value is the non-priced indirect service that customers buy.
They are the benefits of the benefit.
(This image) shows the perceived value of Your brand, Lamborghini and Tesla,
Now that you understand what perceived value is,
How do you build one?
That's a trick question, you don't build your buyers value,
You discover and Align.
Your customers have a value heirarchy.
Mr Drew Whitman, an experienced marketer,
Came up with a list of 8 first order values common to every customer.
If you'd like to see the list comment “V"
What then happens after you've understood your buyers value hierarchy?
Establishing A Link: you have to associate the uniqueness you have, with a value that ranks as high as possible in the hierarchy.
Some heavy impact linking methods include,
Framing,
Priming,
Anchoring,
Causality,
Similarity & Contrast.
Need an example?
Heinz ketchup: (one of many examples) Heinz promote their ketchup as “Slow”
What does that make the mothers buying the ketchup think?
Slow = Thickness = Quality = Nutrient = Healthy Family.
Guess what linking method they applied there?
BTW!!
If you found any value in this,
Then consider sharing it, to reach more people that might need it.
Thank you in advance.