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Does your business command a price premium in your category?
Or are you slugging it out with the competition and throwing in a free toaster?
All cars start instantly. All flat-screen televisions are flat. All bottled water is filtered. So how is it that leading brands attain a price premium in the marketplace?
It is because they clearly communicate a compelling point of difference. A difference that people are willing to pay more for. A difference that people feel emotionally connected to.
Customers will pay 19% more for a leading brand name as compared to a weaker brand.*
* Source: Court, D. 1996. "Uncovering the Value of Brands" The McKinsay Quarterly 4: 176-178.
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