Benefits of a Successful Brand

Once a brand has achieved “brand equity,” an organization experiences many benefits. Some of which are the following.

  • Leveraging power
  • Cooperative marketing/promotional ventures with desired Partners
  • Loyalty drives repeat business (repeat byway travelers)
  • Strong brands allow for greater shareholder and stakeholder return (economic impact for byway communities)
  • Brand-based price premiums allow for higher margins (packaging your byway experience)
  • Strong brands lend immediate credibility to new product introductions (new designations)
  • Strong brands embody a clear, valued and sustainable point of differentiation relative to the competition (travelers will always choose America’s Byways and not other packaged routes)
  • The more loyal the customer base and stronger the brand, the more likely customers forgive the company in the event of a mistake (bad byway experience such as high incidents of road construction during their travels)
  • Brand strength is a lever for attracting the best new byways
  • 70% of customers want to use a brand to guide their purchase decision.
What’s the Benefit of Branding Anyway?
Benefits of Building a Brand

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