How Brand Affects Product Life Cycle


In a previous post I looked at how innovation can Restart the Product Life Cycle. As suggested there, most of us are familiar with the standard product life cycle graph. A product increases in popularity, levels out, and then declines. But have you thought about how brand can influence and help shape the product lifecycle?

In fact, a brand can dramatically influence the shape of your product’s life cycle. This includes both your company’s brand and your products brands. For the purpose of this article I will be discussing branding in general. To see how brand changes the shape of a product life cycle we need to first take a closer look at four stages of a brand’s life cycle.

  1. Brand Development: the creation of a brand including the brand promise, look and feel, and other brand elements.

  1. Brand Recognition: exposing a brand to the customer base to increase visibility and ultimately gain brand recognition.

  1. Brand Loyalty: customers become loyal to a brand and not just one product line.

  1. Brand Sustainability / Brand Maintenance: continuing to tweak the brand, increase brand recognition and brand loyalty.

When it comes to the product life cycle we are most interested in brand recognition and loyalty.

  1. As brand recognition increases so does product adoption. In other words, the more the recognition the sharper the curve upward.

  1. As brand loyalty increases product decline is slowed. Essentially, the more loyal customers who are repeat customers the blunter the curve downward.

brand-product-lifecycle

More important in this discussion, then those two points, is what happens when you have a declining product with a large brand loyalty base and you use innovation to Restart the Product Life Cycle. The result is a dramatically sharp curve upward of adoption.

brand-product-lifecycle

Brand does play an important role in the product life cycle.

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7 Responses to “How Brand Affects Product Life Cycle”

  1. Trent Says:

    Hi I’m writing a website on product development and branding, really like the image you have above, may I have permission to use it on my website?

    Thanks
    Trent

  2. For Rent By Owner Says:

    Great post….
    Thanks for the post…

  3. rent to own homes Says:

    Brand loyalty really is important… all about branding.

  4. tommy Says:

    Great to see some good news!

  5. Tami-Jo Says:

    It does not have to be difficult to create your own product. But you must have something that of value that you could offer to your customer. Using the Product Renegade Video Series, you will be able to discover those areas that will help you to create sterling products so that you will be known as an authourity in your niche.

  6. Roblojd1211 Says:

    After a certain period of time even Innovation methods wouldn’t make enough influence on the sales to keep the product from decline but it definately extends the life cycle by a considerable amount :) A really good piece of info.

  7. My bullshit Says:

    ok

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