How Do You Know If You’ve Achieved True Brand Loyalty?

By Matthew Harris

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A consumer is at the store, faced with a specific need and a wall full of potential solutions, looking to make a purchase decision.

This is the moment of truth for any brand – the first barrier to purchase has been crossed – the consumer is in the door and is considering that brand as an option. But success has not yet been achieved, as there are a number of factors and situations which play into a purchase decision, all of which are running through their mind as they work through the decision.

But just then, another consumer walks down the aisle toward our subject, heading straight toward the same wall of products. The difference in this instance, however, is that the second consumer heads straight toward a particular brand, without hesitation or pause.

Curious at how such a quick decision could be made, the first consumer asks the second what made it seem so easy?

“I knew exactly which brand I would get on my way here,” the second one says. “To be honest, I couldn’t even tell you what other brands make this product. It’s Brand X for me, every time.”

There it is – the goal of any brand in a competitive marketplace. To have consumers who put your brand above all others without question. It takes time and effort to achieve and maintain. It’s brand loyalty.

Consumers become loyal to certain products and brands for a number of reasons.

In some instances, the loyalty is driven by prudence. If a product provides consistently superior quality or a good price, then it’s common sense that a consumer would establish brand loyalty. Who wouldn’t lean toward the brand that is bigger, better, faster or cheaper than the competition?

The problem comes when this gets mistaken for true brand loyalty. In reality, it rarely has anything to do with the brand itself.

Plus, it’s difficult to put much weight in the “loyalty” aspect of the equation when a product that is even bigger, better faster or cheaper than the original comes along and with it goes the same consumer from before.

No, true brand loyalty supersedes these traditional purchase drivers, revealing itself as a force upon the consumer to which typical purchase-driving factors do not apply. Much like the situation above, loyalty brands are first, last and everything in between when it comes to choices for their loyal consumers.

How can you really know if you’ve achieved brand loyalty? Here are three indicators:

Consumers seek out your brand time after time, regardless of if there’s a new kid on the block.

It’s the worst nightmare for any well-established, legacy-type brand: you’re comfortably sitting at the top of the heap, but then a new brand hits the market, looking to steal the eyes and purchases of your core consumer base. However, this is really only an issue for those brands who have mistaken a sense of brand loyalty for the aforementioned common sense loyalty.

But true brand loyalty? That will make a consumer look at the new kid on the block and think, “no Go to the full article.

Source:: Business2Community