Socratic Brand Power RatingTM

Link your marketing actions to an ROI

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With Brand Power Rating you gain market share by strengthening your brand. The first step is to determine the strength of your brand in today’s marketplace.

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Output: What You Get:

A stable model that links a firm’s marketing actions to a measurable return on investment has been the goal of marketing departments for at least three decades.

Many theorists have attempted to link advertising, promotion, communications, public relations and sales strategies to replicable and predictable outcomes that exhibit a direct correlation with financial performance. Since the mid-1990s a model that has shown a great deal of promise is the “sales funnel” concept. The sales funnel model utilizes the Awareness-Interest-Desire-Action (AIDA) framework.  This framework measures the power of a firm’s brand—through its marketing activities—to directly influence the proportion of people who, once aware of the brand’s presence in a market, become repeat customers. At each stage of the sales process, brands tend to lose share. The model provides great diagnostic power to isolate the point at which losses take place. By identifying the levers for customer retention the model informs brand actions that allow a firm to strengthen loyalty among its customer base. Actions may relate to brand building activities (e.g. advertising, PR) or demand generation activities (e.g. channel marketing, POS messaging) depending on which phase of the funnel requires focus.

Funnel Facts: Getting To Purchase Intent

Measure four strong components common to most market conditions (Awareness-Consideration-Preference-Purchase Intent), and create a single rating number that indicates the overall efficacy of a brand to move customers down the sales funnel. The model not only has very strong correlations with current market share, but also has shown to track successfully against directional changes in future share.

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What We Solve

Capturing Knowledge and Insights

For Clients Around The Globe

Strategy
Consulting

To understand both the rational and underlying emotional reasons for how consumers feel about brands and why they make brand selections

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Product & Service Innovation

Develop start-to-finish innovations ecosystems to identify, screen, evaluate, develop, and prototype new products and services

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Communication & Naming

Optimize messaging and to ensure it reflects the brand’s core equities and desired associations

 

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Brand Health Tracking

Obtain insights for brands to identify positioning opportunities that enhance long-term strategy

 

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