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Brand Equity: What It Is, the Benefits, and How to Build It

InMoment XI

For example, if a customer is looking for a quick OTC pain reliever, they may turn to Tylenol over a drugstore generic alternative because they know the brand and trust it. That is the essence of brand equity. The better your brand equity, theoretically the better your company will perform in sales and public perception.

Brands 492
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The Definition of Predictive Analytics in 2019

CloudCherry

Predictive analytics is a branch of business intelligence that takes customer data and behaviors from within your application, analyzes them, and produces predictions on future paths your customers might take or emotions they might feel towards your brand. No more guessing about what customers truly want. Causal Models.

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Financial Services Reputation Management: Secure Lifelong Customers

InMoment XI

Did you know that over half of financial services consumers say they have low trust in their provider? And, of those consumers, only 34% of them would recommend their brand to friends and family. Since finances are such a personal part of our lives, consumers in the industry are the most withholding of their trust.

Financial 260
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User Feedback: Definition, Importance and How to Collect it

SurveySparrow

User Feedback is the information you gather from your customers about you. It includes opinions, thoughts, suggestions, and any reviews they have about your product, service, or brand. Though the bases are multiple, let’s focus on the vital ones… Customer-Centric Approach: It keeps the user as the focus point.

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Psychographic Segmentation: Definition, Examples, Categories

SurveySparrow

Brands divide its customers based on psychographic segmentation. The way we buy, the careers we choose, the brands we are loyal to, and even the movie stars that we look up to are determined by this. If a beer brand discovers that its customers enjoy watching sports, it can use this in its ad campaigns.

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Rebranding: Inflow or Loss of Customer Base

CSM Magazine

Rebranding is an active marketing strategy that changes the concept of the brand. The goal is to give a boost to development, to increase customer loyalty. The definition is published here. It is necessary to tell potential consumers about the differences from analogues. One of the tasks is to strengthen the brand.

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The Psychology of Consumer Buying Behavior: Understanding How and Why People Buy

SurveySparrow

As a business owner or marketer, it’s essential to understand the psychology behind consumer buying behavior. Understanding consumer behavior is crucial for businesses to create effective marketing strategies that appeal to potential customers and lead to increased sales.