Potential benefits that may be gained from strong brand equity:
• Increased sales
• Price premium
• Customer loyalty
• WOM and promoters
• Perceived popularity and real visibility
• More effective social media
• Mainstream media attention
• Retailer appeal
• Point-of-sale merchandise uptake
• Supplier bargaining power
• Staff recruitment and retention
• More energetic corporate culture
• More skills and resources and capabilities
• New product success
• More product line extensions
• Easier market development
• Strategic alliances
• More efficient marketing spend
• Significant competitive advantage
• Reduces threat of new entrants
• Increased profits and stability of cash flows
• Borrowing/capital raising
• Stable cash flow and easier planning
• Economies of scale
• Improved price/earnings ratio
• Product range
• Relative product quality
• Points of differentiation
• Retailers used
• Retailer prominence
• CEO profile
• Media (mainstream and blogs/forums)
• Word-of-mouth
• Use of celebrities
• Other brand associations
• Visibility of the product
• Social media ‘connection’
• Social ‘status’ of the product
• Entertainment or self-identity product
• Market share (extent of popularity)
• Perceived innovation
• Perceived integrity
• Success of new products
• Sales + service staff
• Target markets
• Market coverage (global?)
• Time in market
• Competitive set
• B2C or B2B only
• Social responsibility