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We know, 81% of consumers need to trust a brand to consider buying.
Source: Smart Insights
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In a world of endless consumer choice, standing out is everything. Brand power is about more than just being recognised – it’s about connecting deeply with your customers.
We’ve explored how you can build your brand power, from the magic of compelling storytelling to truly understanding your community of consumers.
In an era where trust and authenticity are paramount, brand storytelling enables businesses to build credibility and foster long-term relationships with customers.
By sharing stories of their origins, values, and journeys, brands establish a sense of transparency and authenticity. When customers feel connected to a brand’s story, they are more likely to become loyal advocates and ambassadors.
We know, 81% of consumers need to trust a brand to consider buying.
Source: Smart Insights
Being relevant and meaningful helps brands to build brand power.
For instance, a brand like Patagonia has improved its brand power by committing to sustainable and ethical manufacturing practices and communicating this commitment to customers through its marketing and advertising.
Another example is a brand like Nike, who has built its brand power through a strong focus on innovation and using celebrities in its advertising campaigns.
Experiences create memories that consumers will share so they need to be true to your brand.
Whether it’s the experience of your website, brand activation or even your packaging, all of these are “experiences” consumers have when interacting with your brand.
The luxury market achieved significant milestones in 2023, reaching €1.5 trillion globally with an impressive 8% to 10% growth from the previous year.
Source: Bain & Co
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