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Asked by: Hoummada Miniatua
business and finance marketing and advertisingHow do celebrity endorsements help?
Similarly, it is asked, what are the benefits of celebrity endorsements?
The benefits of using a celebrity for advertising are the ability to:
- Build brand equity, meaning brand power is acquired through the name recognition, which allows the company to achieve larger sales and profits.
- Increase the consumer's remembrance of the ad.
- Link the product to the celebrity's skills.
Also, how do celebrity endorsements work?
Celebrity endorsement attaches the fame of a celebrity to a brand or product. With this strategy, a brand is buying people who are idolised to associate themselves with their product so people want to buy it.
With celebrities vouching for or promoting their products, brands can increase awareness, trust and familiarity, which are important variables in the purchase decision-making process. Consumers feel more sympathetic towards a brand, if their products are promoted by a celebrity they admire or relate to.