Listen "Byron Sharp On How Brands Grow"
Episode Synopsis
Tell Us How You Feel With A Text ReviewThis episode breaks down Byron Sharp's How Brands Grow; a book that fundamentally challenges lot of traditional, widely practiced, marketing folklore, asserting that brand growth is driven by evidence-based principles rather than untested assumptions. Sharp argues that increasing market penetration, by attracting more light buyers, is crucial for growth, as most consumers are polygamous and buy from a repertoire of brands. The Double Jeopardy Law supports this, showing bigger brands have slightly more loyal buyers simply because they have more overall buyers. To achieve this penetration, brands must prioritize physical and mental availability, ensuring their products are easy to find and easy to recall in buying situations. This requires consistent use of distinctive brand assets and mass reach advertising, while price promotions and narrow targeting are largely ineffective for long-term growth.If you are interested in the original source material for this episode, just reach out to Gordon for a copy.
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