Market Research
Product positioning in Five Easy Steps
You were alwaYs on mY mind
Product positioning is what comes to mind when your target market thinks about your product compared to your competitor’s products. When you hear Rolls Royce automobile, what do you think? Probably: highest-end luxury and exclusivity. That’s their positioning. There’s no confusing the positioning of Rolls Royce and Hyundai.
Why is positioning important?
Product positioning is a crucial ingredient in the buying process and should never be left to chance. It’s your opportunity to influence the market’s perception of your products. Failure to proactively address product positioning is unlikely to end well. With or without your input, customers will position your product—probably based on information from your competitors, which will not flatter you. Clear, concise, meaningful product positioning also helps you cut through the relentless advertising and marketing noise of the marketplace. In your customer’s mind, product positioning gives your messages some context so they can be better heard and accepted.
Positioning characteristics
The goal of product positioning is to keep your product on top of your customers’ mind when they’re considering a purchase. To be successful, product positioning must achieve three objectives: • Differentiate your product from the competition’s • Address important customer buying criteria • Articulate key product (or company) characteristics
Marketing messages and positioning have a lot in common
During the process of generating product positioning strategies, periodically review each one against the following list of characteristics. Is your product positioning strategy: • Single-minded—does it convey one primary message at a time? • Meaningful—will it connect with the target audience? • Differentiating—does it contrast your strengths against the competition? • Important—is it pertinent and significant to the target audience? • Sustainable—will it resonate with the
You were alwaYs on mY mind
Product positioning is what comes to mind when your target market thinks about your product compared to your competitor’s products. When you hear Rolls Royce automobile, what do you think? Probably: highest-end luxury and exclusivity. That’s their positioning. There’s no confusing the positioning of Rolls Royce and Hyundai.
Why is positioning important?
Product positioning is a crucial ingredient in the buying process and should never be left to chance. It’s your opportunity to influence the market’s perception of your products. Failure to proactively address product positioning is unlikely to end well. With or without your input, customers will position your product—probably based on information from your competitors, which will not flatter you. Clear, concise, meaningful product positioning also helps you cut through the relentless advertising and marketing noise of the marketplace. In your customer’s mind, product positioning gives your messages some context so they can be better heard and accepted.
Positioning characteristics
The goal of product positioning is to keep your product on top of your customers’ mind when they’re considering a purchase. To be successful, product positioning must achieve three objectives: • Differentiate your product from the competition’s • Address important customer buying criteria • Articulate key product (or company) characteristics
Marketing messages and positioning have a lot in common
During the process of generating product positioning strategies, periodically review each one against the following list of characteristics. Is your product positioning strategy: • Single-minded—does it convey one primary message at a time? • Meaningful—will it connect with the target audience? • Differentiating—does it contrast your strengths against the competition? • Important—is it pertinent and significant to the target audience? • Sustainable—will it resonate with the