The advantages of branding may be categorized into three parts:-
Advantages to manufacturers
Advantages to wholesalers and retailers.
Advantages to consumers
- Advantages to manufacturers
- Advantages to wholesalers & retailers
- Advantages to consumers
Advantages to manufacturers
- It helps the manufacturers to procure orders and supply the goods in districts markets
- It establishes the separate identity of a product from other similar products.
- Popular brand names can be used for other related products of a firm.
- It facilitates repeat sales as customers remember brand names.
- It facilitates direct selling to the customers once brand name gains popularity.
- It facilitates regular production since there is a continued demand for the popular brand.
- It helps in increasing demand as it develops brand loyalty.
Advantages to wholesalers and retailers.
- There is less risk and problem in the sale of branded goods.
- It requires less effort by the middleman for selling the goods.
- There is more demand of branded goods.
- It increases the goodwill of the middlemen
Advantages to consumers
- It builds the confidence of the consumers in the product.
- Branded goods are all time available to the consumers as they kept in the stocks.
- It minimizes the possibilities of adulteration.
- It provides products to the consumers at a low price as branding makes the direct sales possible.
- Branded goods are generally of goods quality.
- The branded goods are sold at fixed rate, so price remain stable,
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