In the world of brand management, two critical metrics often come under the spotlight: brand awareness and brand consideration. Both play vital roles in the health and growth of a brand, but which one should you prioritise? Understanding the nuances of each can help you make more informed decisions and optimise your brand strategy.
Brand awareness refers to the extent to which consumers recognise and recall your brand. It’s about getting your brand name out there and ensuring it sticks in the minds of your target audience. High brand awareness means that when consumers think of a product or service in your category, your brand is one of the first to come to mind.
Building brand awareness is typically the first step in establishing a brand presence. It’s achieved through various marketing and advertising efforts that introduce the brand to the market and keep it top of mind. However, while awareness is essential, it doesn’t necessarily translate to sales. Just because a consumer recognises your brand doesn’t mean they’ll choose it.
Brand consideration, on the other hand, refers to the stage where consumers who are aware of your brand actively consider it as an option during their decision-making process. It’s a more advanced metric that indicates not just recognition but also preference. When consumers are ready to make a purchase, brand consideration measures whether your brand is in the running.
This metric is particularly crucial because it directly impacts your brand’s conversion rate. A high consideration rate suggests that consumers see value in your brand and are likely to choose it over competitors. Therefore, while awareness is about making consumers aware of your brand’s existence, consideration is about convincing them that your brand is the best choice.
Brand awareness and consideration are not mutually exclusive—they are part of a continuum in the consumer journey. Typically, a consumer moves from awareness to consideration as they gather more information about your brand and evaluate how well it meets their needs.
For new or lesser-known brands, building awareness is often the primary focus. However, as a brand becomes more established, the focus should shift towards increasing consideration. Without strong consideration, even the most well-known brands can struggle to convert awareness into actual sales.
The answer depends on your brand’s current position in the market and your strategic goals:
Consider the case of a consumer electronics brand launching a new smartphone. Initially, the brand’s marketing efforts might focus on creating buzz and increasing awareness through widespread advertising, influencer partnerships, and media coverage.
Once the product has gained visibility, the focus would shift towards consideration. The brand might release detailed product reviews, comparison videos, and user testimonials that highlight the smartphone’s features, performance, and value for money—convincing potential buyers that this is the device worth purchasing.
In this scenario, awareness drives initial interest, but consideration is what ultimately influences the purchase decision.
Both brand awareness and brand consideration are crucial to a successful brand strategy, but their importance varies depending on your brand’s maturity and market conditions. By understanding where your brand stands and what it needs to achieve next, you can strategically balance these metrics to drive both short-term sales and long-term growth.
At Brand Health, we specialise in helping brands navigate this balance. Our bespoke brand tracking solutions provide insights into both awareness and consideration, helping you fine-tune your strategy and achieve your business goals.
Ready to optimise your brand strategy? Contact us today to learn how we can support your brand’s growth journey.