Marketing strategy where the same brand name is given to a number of products in order to encourage recognition. It eases the introduction of new products, increases market acceptance, and lowers marketing costs.
| Business Dictionary: Family Branding |
Marketing strategy where the same brand name is given to a number of products in order to encourage recognition. It eases the introduction of new products, increases market acceptance, and lowers marketing costs.
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| Wikipedia: Family branding |
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Family branding is a marketing strategy that involves selling several related products under one brand name. Family branding is also known as umbrella branding. It contrasts with individual product branding, in which each product in a portfolio is given a unique brand name and identity.
There are often economies of scope associated with family branding since several products can be efficiently promoted with a single advertisement or campaign. Family branding facilitates new product introductions by evoking a familiar brand name, which can lead to trial purchase, product acceptance, or other advantages.
Family branding imposes on the brand owner a greater burden to maintain consistent quality. If the quality of one product in the brand family is compromised, it could impact on the reputation of all the others. For this reason family branding is generally limited to product lines that consist of products of similar quality.
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| Brands and Brand Names | |
| Umbrella brand | |
| Individual branding |
| Examples of family branding? | |
| What are the risks associated with family brands? | |
| What is Family branding and its positive and negative effect? |
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