Impacts of Counterfeiting: The Need To Protect Your Brand
With a comprehensive prospectus on the virtual world, the internet offers a lot of scope for expanding and marketing a brand. Along with the expansion in the business, there are plenty of pitfalls in the internet business.
A brand helps to reach the targeted audience and identify the products or services easily to the customers or clients. The brand is the marketing asset that gets the audience and the customers to trust it. It is one of the most valuable assets which need protection because, in the end, the brand is what stays. The reputation of a business can be ruined if the brand is not protected. Trademark Infringement, where another businessperson uses your brand for marketing her/his goods without your consent, can be prevented through brand protection.
So, one of the most primary reasons to protect a brand is to protect its reputation in the industry. Next, one of the means to protect a brand is to register the domain first. Protecting the brand with the help of domain registrars ensures that you can register for a vast number of international and generic domains that come with affordable packages. You can expand your customer base with the international domain.
These days, business and marketing are done mostly online. Suppose the online reputation of the brand gets tainted already or needs to be protected from getting ruined, then companies providing online reputation checking services in Singapore need to be appointed.
The increasing trend of online shopping during this specific period especially has given tremendous opportunities to the counterfeiters to attack a reputed brand & make a profit, all under the cloak of anonymity. Since the consumer today is more focused on possessing the products due to its limited availability and not bothered much to check its quality, the e-commerce website grants innumerable opportunities to the fraudsters & grey market profiteers to process illicit sales.
Posted on July 20, 2021 by Pankaj Monga