Keller鈥檚 Brand Equity Model Explained (CBBE Resonance Pyramid) - YouTube

Channel: Brand Master Academy

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What's up brand builders Stephen Houraghan聽 here at BrandMasterAcademy.com and in this聽聽
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video you're going to learn what the brand聽 equity model is so you can better understand聽聽
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how to measure and grow your brand equity聽 and value so you can get your customers聽聽
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to fall in love with your brand develop聽 loyalty and keep coming back for more
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now if you're new to the channel and you want聽 to build brands that go beyond the visuals using聽聽
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strategy psychology and creative thinking then聽 you're in the right place hit that subscribe聽聽
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button and the notification bell if you want to聽 fast track your results make sure you grab the聽聽
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program strategy blueprint it's a free download聽 and the link is in the description now brand聽聽
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equity is the holy grail of branding because your聽 brand equity is the reason that your audience will聽聽
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not only choose your brand but choose to pay聽 a premium just to have your brand so when you聽聽
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understand how to measure and more specifically聽 grow it then you dramatically increase your聽聽
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chances of building a successful brand so what is聽 keller's brand equity model well kevin lane keller聽聽
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is an international leader in the field of brand聽 management and he developed one of the most聽聽
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recognized brand equity models available today聽 and that is the cbbe or the customer based brand聽聽
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equity model now this model is a tool on how to聽 establish grow and evaluate brand equity and it聽聽
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gives brand builders a framework to be able to聽 go out and do exactly that so how does the brand聽聽
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equity model work well keller's idea was really聽 simple that in order to build a valuable brand聽聽
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you need to create a perception in the marketplace聽 that your audience actually values so every single聽聽
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touch point every single interaction that your聽 audience has with the brand the entire brand聽聽
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experience should work towards that perception聽 so using the steps of the model a brand can grow聽聽
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its equity through performance associations聽 emotions and connections so let's jump into聽聽
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the steps of the brand equity model so you can聽 see exactly how to do that so this is the brand聽聽
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equity model in full or the brand equity pyramid聽 now it has four levels all focused on achieving聽聽
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an outcome that contributes towards the growth of聽 brand equity so let's run through each level now聽聽
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level one is identity so who are you so this is聽 all about brand recognition and awareness and this聽聽
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is the first step to generating or developing that聽 brand equity your audience needs to be aware of聽聽
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who your brand is they need to be able to聽 recognize it and recall it so your slogan your聽聽
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tagline your logo your name the broader identity聽 all of these elements can contribute towards聽聽
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establishing that brand awareness and helping聽 to establish that recognition in the marketplace聽聽
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level two is the meaning what are you so this聽 is all about communicating what value you offer聽聽
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in the marketplace why you're different why聽 your audience should care about your brand聽聽
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why they should turn towards your brand instead聽 of your competitors so you can use performance聽聽
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and imagery within this level so performance聽 is about demonstrating how your brand fits the聽聽
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needs of your audience and the image is about聽 how the brand aligns with your customer through聽聽
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social and psychological levels what do they聽 believe and what does your brand believe and聽聽
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what does your brand stand for level three is聽 response so how is your brand perceived how does聽聽
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the customer respond to your brand messaging and聽 what response does your brand evoke specifically聽聽
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what does your audience think and feel about your聽 brand and the two building blocks for this level聽聽
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are judgments and feelings so judgments are聽 the conclusions that your audience comes to聽聽
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in the role that your brand plays or can play in聽 their lives and the feelings are what they feel聽聽
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what emotions have you evoked from your audience聽 through your imagery through your messaging and聽聽
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associations level four is relationship so how are聽 you connected to your audience and this level is聽聽
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all about resonance have you resonated with who聽 your audience is on a really emotional level on聽聽
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a deep level do they self-identify with your brand聽 because if your audience self-identifies with your聽聽
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brand that is the holy grail of branding if they聽 feel that your brand represents who they are then聽聽
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they will feel that emotional connection so when聽 you set out to build a brand this is the level聽聽
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that you should aim to achieve because if your聽 customer aligns with your beliefs and identifies聽聽
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with who your brand is and the associations聽 that you've established in the marketplace聽聽
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not only will they be loyal customers and come聽 back for more they'll become brand advocates聽聽
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who will proudly self-identify and become聽 salespeople for your brand so as you can see the聽聽
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keller's brand equity model is very simplistic but聽 it does give you a very very simple and reliable聽聽
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tool that you can use as a framework to first聽 evaluate where you are with your brand and then to聽聽
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grow your brand equity loyalty and ultimately your聽 market share now you'll remember the first step聽聽
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of the brand equity model is to establish聽 that recognition and brand awareness if you聽聽
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want to learn how to develop brand awareness聽 then this video will give you 15 strategies聽聽
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on how to do exactly that until next time brand聽 like a master and i'll see you in the next video