Sunday 1 August 2010

What Is Branding and Why is it Important?

Branding is very important in the business world. Building a strong recognisable brand will increase business and ultimately lead to much higher profits. If business builds a strong brand people will recognise that brand instantly and trust it. Take Pepsi for example, it is a very strong and recognisable brand. When PepsiCo brings out a new product people are more willing to try that product out because it has the Pepsi Brand. They trust the Pepsi brand and are more willing to purchase new products from the company simply because they have trust in the Pepsi brand. A company that has not got a very strong brand will have trouble introducing customers to a new product they have developed because people don't recognise the company or the product and are less likely to purchase any thing.


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