Brand
Marketing theory often highlights the inherent disadvantages faced by small brands. Firstly, customers’ brains naturally gravitate towards familiar names, equating well-known brands with trustworthiness. Secondly, advertising tends to be more cost effective for brands with wider availability, further reinforcing the dominance of larger players.
With 90% of customers choosing products based on recommendations, leveraging your existing customer base is a powerful way to attract new clients and grow your business. Encouraging customers to share their stories about your products or services helps to build a genuine image, which, in turn, draws in new leads.
Ever since social media burst onto the scene in the early 2000s, ad spend has increased year on year. Social media is currently driving better cost-effectiveness and reach on target audiences than traditional broadcast TV, and it’s estimated that this will only rise further, with social spend reaching $219.8 billion by the end of 2024.
















