https://youtu.be/q1U5HoPuFTgLodge ranks #1 on brand strength in the Pots & Pans category, beating out leading brands such as Le Creuset, Cuisinart, T-Fal and Instant Pot, while fighting off up-and-coming challengers like Farberware and Michelangelo . 24% of searches in Pots & Pans are branded, indicating Strong brand awareness in this category
Having a strong brand is essential for any business. Brand strength is the unaided quality of your brand and it shows how often consumers search for your brand specifically instead of competitor products when looking to purchase in a given category. Measuring and improving your brand strength can be done by optimizing your media mix towards upper funnel media, which will help drive future growth in retail ecommerce. This is especially important in categories with high brand search. Let’s take a look at how to do this.
Measuring brand strength can be done by comparing the volume of branded searches for every brand in a particular category, which helps track which brands are becoming more prominent.
Optimizing your media mix is the best way to improve your brand strength. Lodge uses upper funnel activities such as DSP, Sponsored Brands and Sponsored Display that target prospective shoppers in their category. They additionally used lower funnel tactics like shopping ads and dynamic remarketing to help drive conversion for customers who are familiar with or have already expressed interest in their product or service. The combination of these two types of activities created an effective and efficient media mix that helped build awareness, drive conversion, and improve customer loyalty over time–all leading to increased sales and higher profits margins.
Lodge’s investments helped them dominate with 3 different branded search terms in the top 5 in the category. This is supported by their #1 ranked Brand Strength and Share of Voice.
If you’re interested in seeing how your brand is performing relative to the competition, CommerceIQ’s Category Leaderboard will show you not only your scores across the 8 retail ecommerce management (REM) metrics, but also offer recommendations on areas for improvement. Reach out to CommerceIQ to get a free Category Leaderboard produced for your brand.
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