The Role of Antecedents Brand Equity on Customer Loyalty in Freight Forwarding Service Companies (Courier)
1Irwan Chairuddin,2 Muhtosim Arief, 3 Bahtiar Usman,4Kurniawati, 5Willy Arafah
1,2,3,4,5University of Trisakti, Jakarta
https://doi.org/10.47191/jefms/v5-i12-59ABSTRACT:
The purpose of this study is to determine the effect of digital content marketing (DCM), price fairness (PF) on customer loyalty (CL) mediated by brand equity (BEQ) and strengthened by the moderating variable relationship equity (RE) in service companies’ courier. It is well known that trying to make customers loyal is one of the policy concepts so that a company can continue to operate, at least customers do not switch to competitors' service products. This effort is certainly more efficient than starting again looking for new customers with more intensive promotions and innovations. Re-introducing a product to customers means that we convey the branding of the product. In addition, this study aims to see what factors can increase brand equity. One of them is by presenting effective digital content marketing, shipping prices that match customer expectations (price fairness) and paying attention to the performance of service and communication with customers (relationship equity).
The research design and method used in this research is hypothesis testing. This research is non-quantitative experimental, using a questionnaire given to 206 respondents who are customers who use courier services. Data analysis used SmartPLS software version 3.2.9 with the Structural Equation Model (SEM) multivariate analysis method.
The results of this study indicate that based on respondents' perceptions of DCM and PF, they have a positive effect on CL mediated by BEQ. Although PF does not have a direct effect on CL, mediated by BEQ, PF can strengthen its influence on CL, this fact reinforces the importance of brand strength in a service product. Whereas RE has not been able to moderate BEQ to strengthen CL value in courier service companies.
This research is expected to be an alternative consideration for courier service companies to increase customer commitment to remain loyal in using the services offered, considering that retaining existing customers is more profitable than finding new customers and as an additional reference for future researchers.
The novelty in this study is to place digital content marketing as a variable that influences customer loyalty values both directly and indirectly.
KEYWORDS:
digital content marketing (DCM), brand experience (BE), price fairness (PF) brand equity (BEQ), relationship equity (RE) and customer loyalty (CL).
REFERENCES:
1) Abdul, W. K. (2017). Price reduction strategy: Effect of consumers’ price unfairness perceptions of past purchase on brand equity. Asia Pacific Journal of Marketing and Logistics, 29(3), 634–652.
2) Aeker, D. A. (1991). Managing Brand Equity. The Free Press.
3) Ajina, A. S. (2019). The role of content marketing in enhancing customer loyalty: An empirical study on private hospitals in Saudi Arabia. Innovative Marketing, 15(3), 71–84. https://doi.org/10.21511/im.15(3).2019.06
4) Al-Msallam, S., & Alhaddad, A. (2016). Customer Satisfaction and Loyalty in the Hotel Industry: The Mediating Role of Relationship Marketing (PLS Approach). Quest Journals Journal of Research in Business and Management, 4(5), 2347–3002.
5) BPS. (2022). Ekonomi Indonesia Triwulan III-2022 Tumbuh 5,72 Persen (y-on-y). BPS Indonesia.
https://www.bps.go.id/pressrelease/2022/11/07/1914/ekonomi-indonesia-triwulan-iii-2022-tumbuh-5-72-persen--y-on-y-.html
6) CNBC. (2018). E-Commerce Dorong Pertumbuhan Jasa Pengiriman. Www.Cnbcindonesia.Com.
https://www.cnbcindonesia.com/news/20181127154856-8-43917/e-commerce-dorong-pertumbuhan-jasa-pengiriman
7) Content Marketing Institute. (2021). What Is Content Marketing? Useful content should be at the core of your marketing. Content Marketing Institute. https://contentmarketinginstitute.com/what-is-content-marketing/
8) Diller, H. (2008). Price fairness. Journal of Product and Brand Management, 17(5), 353–355.
https://doi.org/10.1108/10610420810896103
9) Dwivedi, A., Merrilees, B., Miller, D., & Herington, C. (2012). Brand, value and relationship equities and loyalty-intentions in the Australian supermarket industry. Journal of Retailing and Consumer Services, 19(5), 526–536.
https://doi.org/10.1016/j.jretconser.2012.06.009
10) Garanti, Z., & Kissi, P. S. (2019). The effects of social media brand personality on brand loyalty in the Latvian banking industry: The mediating role of brand equity. International Journal of Bank Marketing, 37(6), 1480–1503.
https://doi.org/10.1108/IJBM-09-2018-0257
11) Hanaysha, J. (2016). Restaurant Location and Price Fairness as Key Determinants of Brand Equity: A Study on Fast Food Restaurant Industry. Business and Economic Research, 6(1), 310. https://doi.org/10.5296/ber.v6i1.9352
12) Harun, A., & Rokonuzzaman, M. (2021). Pursuit of loyalty in service recovery: The roles of brand equity and cognitive reappraisal as moderators. Journal of Retailing and Consumer Services, 62(May), 102601
https://doi.org/10.1016/j.jretconser.2021.102601
13) Hollebeek, L. D., & Macky, K. (2019). Digital Content Marketing’s Role in Fostering Consumer Engagement, Trust, and Value: Framework, Fundamental Propositions, and Implications. Journal of Interactive Marketing, 45, 27–41.
https://doi.org/10.1016/j.intmar.2018.07.003
14) Holliman, G., & Rowley, J. (2014). Business to business digital content marketing: Marketers’ perceptions of best practice. Journal of Research in Interactive Marketing, 8(4), 269–293. https://doi.org/10.1108/JRIM-02-2014-0013
15) Huma, S., Ahmed, W., Ikram, M., & Khawaja, M. I. (2020). The effect of logistics service quality on customer loyalty: case of logistics service industry. South Asian Journal of Business Studies, 9(1), 43–61. https://doi.org/10.1108/SAJBS-10-2018-0114
16) Ibrahim, B., & Aljarah, A. (2018). Dataset of relationships among social media marketing activities, brand loyalty, revisit intention. Evidence from the hospitality industry in Northern Cyprus. Data in Brief, 21(November), 1823–1828. https://doi.org/10.1016/j.dib.2018.11.024
17) Järvinen, J., & Taiminen, H. (2016). Harnessing marketing automation for B2B content marketing. Industrial Marketing Management, 54, 164–175. https://doi.org/10.1016/j.indmarman.2015.07.002
18) Kannan, P. K., & Li, H. “Alice.” (2017). Digital marketing: A framework, review and research agenda. International Journal of Research in Marketing, 34(1), 22–45. https://doi.org/10.1016/j.ijresmar.2016.11.006
19) Karmeita, G., Atmaja, K., Nyoman, N., & Yasa, K. (2020). The Role of Customer Satisfaction in Mediating the Influence of Brand Personality and Service Quality on the Loyalty of Beachwalk Shopping Center Customers. European Journal of Business and Management. https://doi.org/10.7176/ejbm/12-20-11
20) Keller, K. L. (2013). Strategic Brand Management: Building, Measuring, and Managing Brand Equity. Boston: Pearson.
21) Kotler, P., & Pfoertsch, W. (2006). B2B Brand Management. The Marketing Review - Market Rev. 7.
10.1362/146934707X205877.
22) Kusumawati, A., Langga, A., & Alhabsji, T. (2020). Intensive distribution and sales promotion for improving customer-based brand equity (CBBE), re-purchase intention and word-of-mouth (WOM). Journal of Economic and Administrative Sciences, ahead-of-p(ahead-of-print). https://doi.org/10.1108/JEAS-03-2019-0041
23) Lemon, K., Rust, R., & Zeithaml, V. (2001). What drives customer equity. Marketing Management, 10(January 2001), 20–25. https://doi.org/10.1016/j.tiv.2010.07.023
24) Lesmana, R., Siaha Widodo, A., Sunardi, N., Kencana No, Jls., & Selatan -Banten, T. (2020). The Formation of Customer Loyalty from Brand Awareness and Perceived Quality through Brand Equity of Xiaomi Smartphone Users in South Tangerang. Jurnal Pemasaran Kompetitif, 4(1), 2598–2893.
http://www.openjournal.unpam.ac.id/index.php/JPK/article/view/7211
25) Logiawan, Y., & Subagio, H. (2014). Analisa Customer Value Terhadap Customer Loyalty Dengan Customer Satisfaction Sebagai Variabel Intervening Pada Restoran Bandar Djakarta Surabaya. Manajemen Pemasaran, 2(1), 1–11.
26) Meizan, M. I., & Zuliestiana, D. A. (2017). PENGARUH BRAND EQUITY TERHADAP CUSTOMER (Studi pada PT JNE Cabang Kantor Perwakilan Bandung) THE INFLUENCE OF BRAND EQUITY ON CUSTOMER LOYALTY (Study on PT JNE of Representative Office Bandung ). E-Proceeding of Management, 4(3), 2290–2295.
27) Merisavo, M. (2008). The interaction between digital marketing communication and. In Digital Marketing (Issue June).
28) Nazari, M., Ali, M., Hosseini, S., Vahid, S., & Kalejahi, T. (2014). Impact of Price fairness on Price Satisfaction, Customer satisfaction and Customer Loyalty in Iran Telecommunication Market (Case: MTN Irancell Company). Customer Satisfaction and Customer Loyalty in Iran Telecommunication Market, 3(1), 131–144.
29) Ongkowidjoyo, H. (2015). The Impact of Brand Equity towards Customer Loyalty of Starbucks: Testing the Role of Customer Satisfaction as the Mediate Variable. IBuss Management, 3(2), 186–195.
30) Otsetova, A. (2017). RELATIONSHIP BETWEEN LOGISTICS SERVICE QUALITY, CUSTOMER SATISFACTION AND LOYALTY IN COURIER SERVICES INDUSTRY. MANAGEMENT AND EDUCATION.
http://www.conference-burgas.com/maevolumes/vol13/b2_v13.pdf#page=49
31) Ou, Y. C., Verhoef, P. C., & Wiesel, T. (2017). The effects of customer equity drivers on loyalty across services industries and firms. Journal of the Academy of Marketing Science, 45(3), 336–356. https://doi.org/10.1007/s11747-016-0477-6
32) Palazzo, M., & Vollero, A. (2015). Conceptualizing content marketing: a delphi approach. Mercati E Competitività, 1, 25–44. https://doi.org/10.3280/mc2015-001003
33) Pinar, M., Trapp, P., Girard, T., & Boyt, T. E. (2014). University brand equity: An empirical investigation of its dimensions. International Journal of Educational Management, 28(6), 616–634. https://doi.org/10.1108/IJEM-04-2013-0051
34) Putra, I. I. (2019). STATISTIK PELAKU USAHA E-COMMERCE DI DKI JAKARTA TAHUN 2019. PORTAL STATISTIK SEKTORAL PROVINSI DKI JAKARTA. https://statistik.jakarta.go.id/statistik-pelaku-usaha-e-commerce-di-dki-jakarta-tahun-2019/
35) Rahim, K., & Clemens, B. (2012). Organizational goals and performance measurement criteria for content marketing. In Journal of …. David Publishing Company, 1840 …. http://docplayer.net/11225254-Organizational-goals-and-performance-measurement -criteria-for-content-marketing.html
36) Rancati, E., & Niccolo, G. (2014). Content Marketing Metrics: Theoretical aspects and empirical evidence. European Scientific Journal, 10(34), 92–104.
37) Sutrisno, A., Andajani, E., & Widjaja, F. N. (2019). The Effects of Service Quality on Customer Satisfaction and Loyalty in a Logistics Company. KnE Social Sciences, 2019, 85–92. https://doi.org/10.18502/kss.v3i26.5360
38) Taylor, S. A., Celuch, K., & Goodwin, S. (2004). The importance of brand equity to customer loyalty. Journal of Product & Brand Management, 13(4), 217–227. https://doi.org/10.1108/10610420410546934
39) Tobing, R. P., Suroso, Halim, R. E., & Alif, G. (2020). Relationship brand orientation and internal brand equity at internet service providers: An organization change readiness effect. Journal of Asian Finance, Economics and Business, 7(2), 181–193. https://doi.org/10.13106/jafeb.2020.vol7.no2.181
40) Vinh, T. T., Thi, T., & Phuong, K. (2020). An Empirical Study Examining a Mediated Moderated Model of Perceived Price Fairness , Brand Equity and Purchase Intention. 2(2), 44–59.
41) Vogel, V., Evanschitzky, H., & Ramaseshan, B. (2008). Customer equity drivers and future sales. Journal of Marketing, 72(6), 98–108. https://doi.org/10.1509/jmkg.72.6.98
42) Yan, X., Wang, J., & Chau, M. (2015). Customer revisit intention to restaurants: Evidence from online reviews. Information Systems Frontiers, 17(3), 645–657. https://doi.org/10.1007/s10796-013-9446-5
43) Yaqub, R. M. S., Halim, F., & Shehzad, A. (2019). Effect of service quality, price fairness, justice with service recovery and relational bonds on customer loyalty: Mediating role of customer satisfaction. Pakistan Journal of Commerce and Social Science, 13(1), 62–94.
44) Zhang, (Sandy) Sha, Van Doorn, J., & Leeflang, P. S. H. (2014). Does the importance of value, brand and relationship equity for customer loyalty differ between Eastern and Western cultures? International Business Review, 23(1), 284–292. https://doi.org/10.1016/j.ibusrev.2013.05.002