Question

What are the advantages and disadvantages for companies for product endorsements?

Answer 1

Answer:

It can help your brand stand out, but can also be expensive.

Explanation:

Advantages:

1. Can open up new markets for your business.

2. A solid product endorsement can build brand credibility.

3. Creates a higher retention rate for future customers.

4. Endorsements give your brand personality!

5. Speeds up the time required to establish a market footprint.

Disadvantages:

1. Endorsements become associated with the brand image.

2. It's expensive to hire people to endorse products.

3. The endorsements may one day eclipse the product.

4. A good endorsement can't fix a bad product.

5. It may generate temporary inquiries only.

I hope that helped!!