Are brands more or less powerful in the e-commerce era? I bet most people would say that they're less powerful because we have more choice. I think that's the wrong answer. Distribution is less important because is much more easily accessible.
As a result, you'll be less likely, ultimately to buy the brand of your choice. The store won't have it, you won't feel like calling more stores, or it just won't be close enough to you. But in the internet era, you are pretty much guaranteed to get the brand you want.
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So that's one reason why brands are more powerful today. A search for a brand, is much more likely to result in a purchase because of universal availability for even the most obscure brands. There's another reason. You're at the store now: "Hey, where's the tide?" "Aisle 3."pic.twitter.com/uflvcQpmxG
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So now, you have a dilemma; should you get tide or should you get something else that does the same thing? You'll probably grab Tide, but who knows? Maybe this time you'll try to save some money and get the store brand. Let's compare this situation to Amazon.pic.twitter.com/qZbJ6LoOSM
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Should i get Tide? Or maybe...Tide? Or...well it seems to be that Tide is really the only laundry detergent on earth. The results keep going like this.pic.twitter.com/bAUYVTzGTA
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Tide's got this locked up. And were another brand to spend the money necessary to get some of those sponsored slots, they'd have to pay a pretty penny, given that their conversion rate would be much lower.
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So, anyways, that's why I think brands are more powerful, especially obscure ones that couldn't make it onto the shelves in the pre-internet era, today than ever. Proctor Gamble is losing its grip on your wallet, but that's a distribution, not a brand issue, to my mind.
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