Brand affinity refers to a metric by which market researchers can predict how a customer is going to behave. With this information, it is possible to differentiate between the customers to achieve market segmentation.
As a customer develops brand affinity, the chances that they are going to stick to your brand increases. Thus, there are higher probabilities that they are going to buy products from your brand, even if your competitors are offering exciting deals and discounts. In addition to this, there are also chances that they are going to refer your brand to their friends, and family.
Why brand affinity is important?
There are numerous benefits of brand affinity. You are going to have happier and satisfied customers and clients who are going to stay devoted to your brand.
Whether you are a start-up or you have a well-established brand, brand affinity is considered to be a smart choice to grow the customer base of your business. It is regarded as an ideal option for creating brand awareness of your business. Besides this, it also strengthens your relationship with the customers.
How to boost brand affinity?
This write-up comprises of some of the strategies that can be helpful to boost the brand affinity:
Know our audience
The first step to achieving a brand affinity for your business understands your targeted audience. You can collect information from a plethora of data sources such as sales, surveys, interviews, reviews, CRM data, social media data, employee anecdotes that help you in understanding the targeted audience.
As you make use of social data, you can know about the likes and dislikes of your consumers, what they are interested in. As you gain more information about them, you can develop your personality as well as their affinity.
Stay connected with your customers
To boost brand affinity, it is necessary to remain connected with your audience. For example, you can create an email list and send them compelling emails to provide them updates about the value; your brand is going to offer.
There is a plethora of ways of staying connected with the audience. You can opt for social media marketing, content marketing strategies, email marketing, printed media and also direct phone calls to stay connected with your customers.
Listen to the community online
Online comment contents can be a great option to seek information from followers. There are chances of getting a plethora of unfiltered and direct opinions on a wide variety of questions. If you want to know what your targeted audience is thinking without undergoing too much of their details, it is recommended to go for a voting contest.
Demonstrate the USP for your business
To strengthen the relationship of your customers with your brand, you need to make them understand that you stand ahead in the crowd. It is recommended to show the Unique Selling Point or USP of your business to the customers so that you can let them know that you have something unique for your fans and consumers
Find your personality
Customers are capable of creating an emotional bond with those businesses, which they can find a connection with. An average customer is not going to relate to a nameless corporation or building. Hence, it is essential to design your brand with a unique personality.
As you have a unique brand personality, you will find a rise in the brand loyalty of your targeted audience. You need to ensure that your brand perceives something, which your targeted audience can relate to as well as engage with.
To develop a brand personality, you need to consider your brand completely, starting from the visual image to the message. Once you have identified your personality, you should ensure to stick it.
Developing brand affinity is considered to be one of the robust strategies for enhancing the return on investment of your business. There will be an increase in the customer loyalty of your potential audience by adopting the above-mentioned strategies.
In addition to solidifying the customer base of your brand, it also helps in expanding the same exponentially. However, you need to be transparent with the goals of your business and communicating changes for creating a strong relationship, for boosting brand affinity. You can enhance the revenue of your business on a wide scale by boosting the brand affinity of your business.
eBrandValue with its unique and proven algorithm can accurately identify
and predict brand affinity changes with the underlying insights based
on real-time developments. For details of such insights visit our
product page. Thus, companies
can accelarate their marketing decisions and stay a step ahead of their
competition.
To learn more about eBrandValue Platform, and how such metrics influence brand value, contact us using the form below.
