Branding and the Consumer MAIN GOALS FOR MARKETER • • Getting merchandise noticed Getting product to stick in the consumers mind KEY FACTORS IN BRANDING • • How the consumer remembers the product over competition Some products have become so big that any other product is referred to by that name – Coca Cola, Kleenex, and Q‐Tip would be examples BRANDS AID IN THE PURCHASING PROCESS • • Without a brand the consumer would be unable to easily look at the product and differentiate between two different products Brands show the consumer o Quality o Status o If they will ultimately end up purchasing the product BRAND LOYALTY • • Sense of trust in consumers mind With a loyal consumer base brands can ward off competition COGNITIVE LEARNING • • Encompasses all mental activities of humans as they work to solve problems or cope with situations 3 types of learning in consumers mind o Iconic Rote Learning o Vicarious Learning/Modeling o Analytical Reasoning ICONIC ROTE LEARNING • • Consumer sees or hears a message repeatedly – consumer associates that message with product A low involvement learning VICARIOUS LEARNING OR MODELING • • • Consumer pays attention to those around them as well as advertisements From models the consumer is able to learn what is accepted or proper in society Learn new trends in product ANALYTICAL REASONING • In‐the‐moment type of learning • Consumer reasons that the product is similar to what they are looking for All types of learning are the breakdown of cognitive learning – learning that takes place in the mind of the consumer as well as from the senses of sight sound touch and occurrences within the world around them EMOTIONAL RESPONSE • Brands that are able to evoke a memory or feeling RETRO BRANDING • • Revitalize and bring back feelings of “the old days” Relate back to a time when things were simpler and safer KEY FACTORS • • • • Understanding consumer behavior How the buyer learns about the brand Possibilities of advertising – creating an emotional attachment A brand name or logo that is memorable