Finance:Top-of-mind awareness

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Top-of-mind awareness (TOMA) is a measure of how aware is a consumer of a brand. It is part of consumer behaviour, and is a key aspect of marketing research and marketing communications.

Definitions of top-of-mind awareness

In marketing, "top-of-mind awareness" refers to a brand or specific product being first in customers' minds when thinking of a particular industry or category.[1]

Top-of-mind awareness is defined in Marketing Metrics: "The first brand that comes to mind when a customer is asked an unprompted question about a category. The percentage of customers for whom a given brand is top of mind can be measured."[2]

TOMA has also been defined as "the percent of respondents who, without prompting, name a specific brand or product first when asked to list all the advertisements they recall seeing in a general product category over the past 30 days."[3]

At the market level, top-of-mind awareness is more often defined as the "most remembered" or "most recalled" brand names.[4]

Top-of-mind awareness: uses and applications

Top-of-mind awareness is a special form of brand awareness. Top-of-mind awareness is generally measured by asking consumers open-ended questions about the brand that first comes to mind in a particular category, like a fast-food restaurant (McDonald’s). Market researchers are then able to take this data and turn it into a percentage to figure out who is leading the way in top-of-mind awareness.[5] Companies attempt to build and increase brand awareness[6] using such digital marketing strategies as search engine optimization (SEO), search engine marketing (SEM), social media marketing (SMM), content marketing, and more.[7]

In a survey of nearly 200 senior marketing managers, 50% responded that they found the "top-of-mind" metric very useful.[2]

See also

References

  1. ↑ 7 Publicity Myths That Can Hurt Your Business by Pam Lontos, published in Exchange Magazine, retrieved on March 26, 2012
  2. ↑ 2.0 2.1 Farris, Paul W.; Neil T. Bendle; Phillip E. Pfeifer; David J. Reibstein (2010). Marketing Metrics: The Definitive Guide to Measuring Marketing Performance. Upper Saddle River, NJ: Pearson Education, Inc. ISBN:0137058292. The Marketing Accountability Standards Board (MASB) endorses the definitions, purposes, and constructs of classes of measures that appear in Marketing Metrics as part of its ongoing Common Language in Marketing Project.
  3. ↑ AllWords.com, retrieved on March 26, 2012
  4. ↑ See, for instance, Koniewski, M., Brand Awareness and Brand Loyalty, PMR Research Paper, Feb, 2012, www.research-pmr.com
  5. ↑ "Top of Mind Awareness: Definition & Theory". https://study.com/academy/lesson/top-of-mind-awareness-definition-theory.html. 
  6. ↑ "Tools to Increase Brand Awareness" (in en). https://flippingbook.com/blog/brand-awareness-tools. 
  7. ↑ Panel®, Expert. "Council Post: 15 Smart Ways To Expand Brand Awareness To New Audiences" (in en). https://www.forbes.com/sites/forbescoachescouncil/2020/09/11/15-smart-ways-to-expand-brand-awareness-to-new-audiences/. 

Further reading

Larson, Charles U. (1989). Persuasion. Reception and Responsibility. Fifth Edition.. Wadsworth Publishing Company. ISBN 0-534-10134-8. 



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