My Favorite Brand: Why Nike is the Best in Sports Industry
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Added on 2023/06/11
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This article discusses why Nike is the best brand in the sports industry. It covers their products, strategies, and how they remain appealing to customers. The article also explains how Nike has gained popularity and great market share.
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Running head: FAVORITE BRAND1 Name Course Lecturer Date
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FAVORITE BRAND2 My favorite brand Nike is my most favorite brand. This a brand that plays a key role in today’s sports and athletics industry.This is brand established under a company that was established under a partnership between Phil Knight and bill bower man back in 1962. Since then it has greatly developed and ends up being my favorite brand. It's brand that has consistently targeted the youth and more so the males who happen to be main customers of these brand products. It’s a brand that has also been linked with most celebrities being loyal customers to the brand. (Garima, 2013) Nike products The Nike company specializes in the production of certain products under its Nike brand name, these products include, Shoes Clothing Sunglasses Watches Hats Jewelry(Nike, 2009) These are some of my favorite products under Nike brand that make me a great fun to the Nike company. Nike is my all time since its products never stop involving. I do love their shoes since they are always trendy, always lightweight and have great support and breathable leather for basket player like me. I like the way they blend colors in their products thus making their products appealing to viewers and customer’s eyes. How Nike has gained popularity and great market share Nike has gained a great market share due to its continued gain in popularity. The gain in popularity has been contributed by several strategies that the Nike’s employed to become a leader in their market. They include 1.Their embracement on new technology 2.Use of extensive marketing investment technique to establish the Nike brand logo 3.Provision of a wide variety of products under its brand name to many sporting events thus capturing a large market share 4.Purchase of their competitor’s sport products 5.Their focus on product quality(Keller, 2017) How Nike conducts their brand positioning 1.Nike makes of emotional branding whereby, when it comes to the positioning of their products under brand name, they manufacture and produce products that are appealing directly to a customer’s emotional state, consumers needs, and aspirations as well. 2.For brand positioning, the Nikes also co-brands with several various sports and top athletes not forgetting celebrities who help them sell the brand name. For instance, I like
FAVORITE BRAND3 the way the way the brand cobrands with athletes, in a way it allowing runners to sink their shoes with their iPod which allows then track their covered distance and the calories burned within them. How the Nike has created value and remains appealing? Successful branding comes with more factors other than the logo. This makes the brand more appealing to its customers than its competitors can do. Nike brand has so far managed to create an appealing image to its customers. the appeal and rational side of Nike’s brand can be explained with its production on quality sportswear. Its strategy on emotional appeal crowns the reasons why it has and how it has created a value despite its competitors Adidas and Reebok producing quality sportswear and other related products. The idea of emotional appeal makes Nike’s brand customers appear as a hero while branded with their products and thus dominating the market.(Cope, 2017)
FAVORITE BRAND4 References Cope, E. (2017). appealing to customers with emotional branding.Cope: sales and marketing, 13. Garima, 1. (2013, Feb 11).my favorite brand.Retrieved from warehouse: https://www.termpaperwarehouse.com/essay-on/My-Favorite-Brand-Nike/411103 Keller, C. R. (2017). How Nike Became Successful and the Leader in the Sports Product Market. Profit works, 9. Nike. (2009, June 19).NEW RELEASES; bestseller; summer essentials. Retrieved from Nike plus: https://www.nike.com/us/en_us/