6 brand positioning techniques for staking a claim in specific market segments.
Brand positioning involves creating a vision of a product or business relative to competitors.
As such, the messaging must be unique, focused and consistent. If not, you may be missing out on opportunities to distinguish yourself from “the other guys.”
The concept of positioning relates to how a product is perceived by customers relative to its competitors. It originated in the advertising industry as a way of identifying the product attributes that need to be inserted into the buyer’s consciousness.
For example, the product may be cheap, innovative, cool or high quality. Positioning helps provide a clear focus. It’s essentially about influencing attitudes and perceptions about a product or company brand, rather than changing the product itself.
Positioning improves performance by increasing awareness of a company’s or product’s capabilities and by refreshing or reinforcing an existing brand.
The following six branding techniques are useful for achieving distinction or for effectively staking a claim in a specific market segment:
1. Understand the market.
This involves finding a niche or part of the market where there’s space to establish and maintain a profitable position. Not only does this require an understanding of the market, but also the key trends and factors influencing the market.
This may require the recognition that in certain markets, at certain times, there are simply no attainable positions left.
2. Focus on the customer.
When planning or considering the position of a product or business, it’s important to remain externally focused and consider how the customer will perceive and react/respond to the message or offer. In other words, which message will have the greatest impact on the customer in the way that was intended?
3. Manage timing.
Positioning is often easiest when you’re the first in a new market: the value of first-mover advantage.
From this position, it’s possible to get to know the customer and to market in detail and then build a strong customer base and rapport with customers. Often, as a first-mover, the brand image appears responsive and innovative.
For brands that are not first-movers, it’s important to choose the right moment to launch, ideally when the market leader is weak or quiet or both.
Next- Brand techniques 4 through 6