When customers go to MyAOL and buy something, AOL is the brand, not what they buy. The power brands of “Bricks and Mortar” and the “Internet” are systematically killing off local brand equity. The only protection against this fate is to build your own “power brand”.
In e-business that means being everything, to everyone, all the time. For $39.99 a month, any organization can list up to 40,000 items and reach 10 million people on Amazon thru its z.Shops. “Amazon.com Payments” allows seamless transactions while the customer receives credit security and merchandise guarantees. Amazon’s “All Product Search” allows a buyer to find anything that’s for sale. The implications are terrifying! Does your company know how to build a “power brand”? |