EP152: How To Express Benefits vs. Value When Marketing Your Brand

24/03/2023 18 min Temporada 1 Episodio 152
EP152: How To Express Benefits vs. Value When Marketing Your Brand

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Episode Synopsis

Send us a textOn this episode of the NerdBrand Podcast, we're breaking down the concepts of benefit vs. value from a branding and marketing perspective. They define benefit as something tangible that a person gets out of something, while value is more philosophical and long-term.We also chat about the importance of striking a balance between benefits and value in decision making. Both benefits and value work together, and value is typically more critical to deliver in the long run.CHAPTERS0:00:00  | Benefit vs. value as concepts0:01:00  | Immediate benefit versus long-term value in decision making0:02:00  | Balancing benefit and value in decision making0:03:19  | Personal benefit versus company value in decision making0:06:05  | Importance of pricing and perceived value0:08:10  | Importance of branding and its long-term impact0:11:20  | Examples of branding strategies in car companies0:13:08  | Importance of price reflecting value0:14:17  | Branding as an ongoing processSupport the showABOUT NERDBRANDNerdBrand is a national branding and advertising agency based in Louisville, KY. Learn more about NerdBrand.Hear more of the NerdBrand Podcast.