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	<title>Paws for Thought &#187; branding commodity</title>
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		<title>Selling a commodity makes branding strategy even more crucial</title>
		<link>http://blog.adamsstrategy.com/2009/08/branding-strategy-commodity/</link>
		<comments>http://blog.adamsstrategy.com/2009/08/branding-strategy-commodity/#comments</comments>
		<pubDate>Thu, 13 Aug 2009 16:14:09 +0000</pubDate>
		<dc:creator>Karen Polcaro</dc:creator>
				<category><![CDATA[Branding Strategy]]></category>
		<category><![CDATA[Marketing Communications Strategy]]></category>
		<category><![CDATA[Paws For Thought]]></category>
		<category><![CDATA[Positioning Strategy]]></category>
		<category><![CDATA[branding commodity]]></category>
		<category><![CDATA[postioning strategy]]></category>

		<guid isPermaLink="false">http://blog.adamsstrategy.com/?p=406</guid>
		<description><![CDATA[When selling a commodity, whether it be insurance, lumber, or apples, branding strategy is more important then ever. Most times, when consumers are making a commodity-based purchase, they are looking at price, convenience, and not much else. How do you shine above the overcrowded marketplace of businesses willing to undercut you to gain a customer? [...]]]></description>
			<content:encoded><![CDATA[<p>When selling a commodity, whether it be insurance, lumber, or apples, <strong>branding strategy</strong> is more important then ever. Most times, when consumers are making a commodity-based purchase, they are looking at price, convenience, and not much else. How do you shine above the overcrowded marketplace of businesses willing to undercut you to gain a customer? Your brand.</p>
<p>When selling products and services, especially commodities, how the brand is positioned within the marketplace will often be the deciding factor of whether a consumer decides to buy from you. Most of the successful positioning strategies have to do with added value to the customer. Though the brand may be a little more expensive, there can be a perception of higher value—whether it be customer service, slightly better product, desirable product feature, or extra convenience.</p>
<p>How do you make a commodity brand stand above its competitors?</p>
<p><strong>Credibility</strong>. How do you measure up to the competition? Whether your brand is the oldest or the newest, ways to build credibility include; third party endorsements; a strong web presence; and regular communication with the audience.</p>
<p><strong>Awareness</strong>. If consumers are not aware of the brand, it has little chance of success. An easy-to-find and informative website, advertisements, and customer contact are ways to raise awareness.</p>
<p><strong>Added value</strong>. How can you add value to a commodity without slashing costs. Depending on the product or service; added value can come as customer service; desirable product features; rebates; or coupons.</p>
<p>Commodities are necessary to the economy but are often difficult to market and brand. Developing a sound market position and backing it up with effective branding strategy will help bring the product or service to the next level, making it a desired brand instead of a necessary commodity.</p>
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