Roi of brands
Brands aren’t build in one day.
It takes ages to build.
The money invested in your brand brings no or hardly any return the first years.
It is only after several years in the market that your brand has achieved awareness and is recognized in your industry.
Hence the Return On Investment is hard to calculate as the horizon is over many years and the return increases by the years.
Brand is long lasting
Building a brand is for the long run and the money seems wasted throughout the first years as much more revenue could be generated by other means and methods of marketing.
Still building a brand is a good investment as it has long lasting effect and impact once your brand is established.
How strong is your brand?