Two manufacturers produce technically identical products, but one sells it three times more expensive — and people buy from him. The secret is not in the quality of materials, but in the fact that one built a brand around the product, while the other was satisfied with packaging.
Competitors sooner or later copy successful technical solutions, recipes, and even packaging design — this is normal dynamics of any competitive market. However, accumulated trust, recognizability, and emotional connection with the audience do not transfer along with product copying: two externally identical products from different manufacturers are perceived completely differently by people precisely due to the difference in the strength of the brands behind them.
This explains why some companies maintain market leadership for years, even when competitors release technically no less quality analogs — the gap is sustained not by the product, but by the accumulated brand.
No matter how strong a brand may be, it cannot indefinitely compensate for a weak product — sooner or later, real usage experience becomes the decisive factor in trust. Marketing can attract the first purchase, but it is the product quality that determines whether the customer will return and recommend the company to others.
The product also constantly provides the brand with new material for perception: each update, each new feature, or recipe change either strengthens the brand image or undermines it if it does not meet the expectations that the brand has already formed.
A good brand helps a product tell about itself what is difficult to convey through technical specifications alone — emotion, status, belonging to a certain lifestyle. That is why two functionally identical products can cost fundamentally differently depending on which brand stands behind each of them.
At the start of a business, the product is almost always primary: without a working product there is nothing to build a brand on, and all the power of positioning is broken by the disappointment of early customers. But as the company grows, investments in the brand begin to yield returns comparable to investments in the product itself, and sometimes even exceeding them — especially in categories where competitors' products have already reached technical parity.
In practice, most successful companies do not choose between investing in the product and investing in the brand, but rather allocate resources between them depending on the stage of business development. Early stages require maximum attention to the product, while mature stages gradually shift focus toward strengthening the brand as a way to maintain leadership in the face of technically comparable competitors.
Real features of the product — how it is made, from what, why it is designed exactly that way — often become the foundation for the most compelling brand messages, as they are based on facts rather than abstract claims that competitors can easily copy.