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Published byMyrtle O’Connor’ Modified over 9 years ago
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Building Internet Brands Brand Equity and Brand Image Creating a Strong Brand on the Internet
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What is a Brand? Name, term, sign, symbol or design intended to identify the goods and services of one seller or group of sellers Used to differentiate from the competition.
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Types of Brands Online Yahoo Ebay Monster.com Offline Disney Gap UPS Xerox
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Other Distinctions of Brands Business to Business Cisco Boeing Business to Consumer American Airlines CDNOW
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Brand Equity and Brand Image The strength of a brand measured by brand equity. Financial Asset Competitive Advantage Marketing Aspect Brand Awareness Brand Recognition Recall Brand Image
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Lunarpages Case Study : An Overview What is Lunarpages? In 2003, Lunarpages wanted to redesign their website to increase customer conversion rates and create a strong brand So, they contacted the Ceonex company
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Lunarpages Case Study: The Challenge Ceonex noticed several significant problems with Lunarpages’ old site that needed to be solved Lack of strong and memorable brand Unprofessional image Lack of depth
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Lunarpages Case Study: Solution Ceonex’s primary mission was to create a definitive brand identity to bring distinction and value to what Lunarpages could offer Powerful core theme Appropriate colors, images, and logo Comprehensive company branding
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Lunarpages Case Study: Results The creation of a definitive brand and professional image has resulted in significant business benefits for Lunarpages Customer base more than tripled in 15 months Customer conversion rate doubled Consistent 15% monthly revenue increase Overall 25% decrease in customer turnover
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Creating a Strong Brand on the Internet Awareness Acquaintance with brand Ability to recognize and recall Familiarity Knowledge of product, features, and services offered Positive Imagery Done by marketing programs Favorable brand association Completed Transaction Beginning of relationship Brand Building
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Building Strong Imagery on the Web Gillette Venus Gillette Venus BMW Films BMW Films
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Internet Tools Personalization Tools Customer Database Customer Control Collaborative Tools Purchase-process streamlining tools Stored personal information Avoid filling out forms Self-service tools My Account page Personalized services Do-it-yourself product design tools Dynamic-pricing tools
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Amazon.com – Personalization Tools Customer database –Amazon has info about customers Knows your name when you sign on Can reach you by e-mail & “snail mail Customer control – customers can influence content on Amazon.com “Improve your Recommendations” capability Customization of your own page
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Amazon.com – Collaborative Tools Customer-supplies book reviews & ratings High publicity collaborations Amazon & Doonsbury comic artist teamed up in 1998 Visitors to the site got to complete the unfinished comic
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Amazon.com – Purchase process streamlining tools 1-click payment system Stores payment information Customers can avoid filling out forms each time they make a purchase on Amazon.com Wish list Stores the products you want to buy for another visit
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Amazon.com – Self Service Tools My account page Offers customer-specific services Order tracking When was your order shipped? Arrival estimate Ability to change personal information
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Dell.com – Do-it-yourself Product Design Tools The ability to design your computer to your exact specifications Choose monitor size, processor, operating system, media enhancements, warranty, memory, etc.
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Amazon.com Dynamic Pricing Tools Shipping costs are varied depending on where they live. Outside the U.S. usually costs more to ship Auction sites like Amazon’s auction pages and eBay a good example of dynamic pricing.
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Stuart Weitzman Case Study Problem SW Needs Help with Their E-Commerce Site Strategies Improve Navigation Simplify Customer Login Procedures Enhance Branding & E-marketing Efforts
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Stuart Weitzman Case Study Results SW has Attracted 200 New Preferred Shoppers to their Web Site Increased Sales & Exposure by Building Site Loyalty & Recognition through targeted E-mailings Improved Navigation to Allow Customers to Place Orders with Ease
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5 Strategies For Effective Online Branding WorkZ.com By Joe LePla Be True to Your Brand Be Relevant and Engaging Provide Branded Interactive Value Brand Relevant Content Enhancement of On-Site Brand
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Conclusion Creating a strong brand provides competitive advantage A strong brand creates lasting value
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