Brand loyalty is massively studied in human behavior and psychology. Numerous studies have shown a near identical product is perceived differently depending on the branding.
Influence of brands on our subconscious is HUGE. Without noticing, we identify with a brand, in a very tribal mindset.
A good marketing sells a product. A great marketing creates an army.
When you have people who are defending your brand and products, you create a network effect.
The large contingent of people who resonate with your message become your #1 customers.
If you are able to hook people on your mission, identity, and position, you earn yourself a lifelong customer.
These people have strong brand loyalty. They will buy from you, they will fight for you, and they will make you money.
How to leverage this in your business?
Create a family. Foster an environment where people feel like they belong to.
Apple has defined the market on this area. Studies where people's brains were analyzed with an MRI machine showed astonishing information regarding its brand.
Apple users showed increase positive response to the brand, a similar one to how people react their own family.
How do you replicate this in your own business? Storytelling. Don't be a mundane brand selling a product. Sell the benefits. Tell the story. Create an army.
Marketing, copywriting, and customer relations are essential. A good product will sell itself. But if you can convert the buyers to be loyal soldiers and ambassadors, the profit increase will be unmatched.
Look around in your life. Which brands do you identify with? What companies do you defend?
Question their marketing strategies. Look what they are good at, and how they are conveying the message.
Once you see a trend and understand the gist, you will be able to replicate that success.
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4 ways to finish books faster and boost your reading speed:
1) Practice skimming: Skimming is a technique that involves reading only the most important parts of a text. Practice this technique by scanning the text quickly and focusing only on the headings, subheadings, and most important sentences.
2) Avoid subvocalization: Subvocalization is the habit of silently pronouncing each word as you read it. To read faster, try to break this habit by focusing on clusters of words and not pronouncing them individually.
If you don't have money to invest you might be a victim of lifestyle creep: Your salary increases every year but so does your expenses.
If you want to save as much as you can every single month, you have no choice but to identify your spending and start cutting from different categories.
Budgeting and expense tracking is the best way to do this.
1. You play safe with your money because you do not know how to make it again.
Until you understand a way of making more money from money, you will always hold on to the money you have.
2. Your partner will influence your money, more than your knowledge.
Who you spend your life with, their worldview, their approach towards money, their rich profile - all have a far bigger influence on how you treat your money, than your own knowledge.