How can companies combine products to create strong co-brands or ingredient brands ?
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How can companies combine products to create strong co-brands or ingredient brands ?
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Transcript of How can companies combine products to create strong co-brands or ingredient brands ?
TYPES OF CO-BRANDING
I.1 SAME COMPANY CO-BRANDING
I.2 JOINT VENTURE CO-BRANDING
I.3 MULTIPLE SPONSOR CO-BRANDING
I.4 RETAIL CO-BRANDING
ADVANTAGES
1. POSITIONING BY VIRTUE OF MULTIPLE BRANDS
2. GENERATES GREATER SALES
3. OPENS UP NEW OPPURTUNITIES
4. REDUCE COST OF PRODUCT INTRODUCTION
DIS-ADVANTAGES
1. LACK OF CONTROL
2. CONSUMER EXPECTATION IS HIGH
3. OVER-EXPOSURE MAY DILUTE THE TRANSFER
1. INGRDIENTS MATTER TO PERFORMANCE AND SUCCESS2. DISTINCTIVE SYMBOL OR LOGO
3. COORDINATED “PULL” & “PUSH” PROGRAM
REQUISITES OF SUCCESSFUL INGREDIENT BRANDING
4. NOT ALL INGRDIENTS BRAND ARE THE SAME