Preview

Positioning and Differentiating Your Business

Good Essays
Open Document
Open Document
6230 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Positioning and Differentiating Your Business
The E-Myth Mastery Program
Module 2: E-Myth Marketing Fundamentals
Business Development Process: MK-0040

Positioning and Differentiating Your Business

Positioning Strategy Worksheet

The E-Myth Mastery Program
Module 2: E-Myth Marketing Fundamentals
Business Development Process: MK-0040

I

I

Target Market:

Part 1 – Developing the Components of Your Positioning Strategy
The first step in writing your Positioning Strategy is to select the six general components by checking the appropriate boxes in each category below. Then translate those general components into the specific elements of your Positioning Strategy by writing down how each applies to your business in your target market.

I Product acceptance
I Commodity selection
I Brand preference

How it applies in this market segment…

I Prestige identification
I Preemptive persuasion
I Brand/product imagery

How it applies in this market segment…

I Interpersonal
I Objective
I Introverted

How it applies in this market segment…

General classification

Relative standing

Gratification mode

I

I

I Experimental
I Performance
I Value

Page 9

Not just a car, but the ultimate driving machine. (sensory impact, unconscious associations)
Not just an investment service, but your road to financial independence. (unconscious associations, conscious-mind conclusions) Not only a restaurant, but your best value in good taste.
(functionality, price/value)
More than an insurance company, we’re round-the-clock security. (access/convenience)

As you think about ways to redefine your product, keep in mind:
1) the product and company attributes that are most important to your customers; and 2) the attributes that make you stand out from your competition. You’ll find it helpful to keep in mind the
Central Psychographic Model – the type of buyer in your market segment – while also staying aware of what sets your business and its products/services apart from

You May Also Find These Documents Helpful

  • Powerful Essays

    mkt311 tb chap8

    • 19883 Words
    • 186 Pages

    Positioning strategies generally focus either on how the product benefits the consumer or on how it is better than competitors' products.…

    • 19883 Words
    • 186 Pages
    Powerful Essays
  • Powerful Essays

    Positioning: Arranging for a market offering to occupy a clear, distinctive, and desirable place relative to competing products in the minds of target consumers.…

    • 3316 Words
    • 13 Pages
    Powerful Essays
  • Better Essays

    1. Create or describe a strategy for your firm, as operationalized by Collis and Rukstad. Be sure to be comprehensive and specific when separately describing your objective/scope/advantage and the subcomponents of each one. As a final portion of your answer, append and describe the activity-system map of your firm. [Figure 1]…

    • 3509 Words
    • 11 Pages
    Better Essays
  • Satisfactory Essays

    SCLT 2380 Notes

    • 441 Words
    • 3 Pages

    Positioning- Understanding customer’s view, Positioning techniques, Evaluating segment preferences, Differentiating the marketing mix, Relationship between positioning and targeting.…

    • 441 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    week 4

    • 917 Words
    • 4 Pages

    In addition, this paper will discuss how the company will create a new positioning statement for the product, and provide justification for the new positioning strategy.…

    • 917 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Midterm Exam

    • 283 Words
    • 2 Pages

    9. What is the role of 'positioning' in a marketing strategy? Give an example of two companies who are positioned well in the marketplace in terms of perceived value from the consumer's viewpoint.…

    • 283 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    According to Alvin J. Silk, a positioning statement is designed to define who are a company’s customers, what set of needs does the product fulfill, and why is the product the best one to fill those needs (2006, p. 90). I found this question challenging because a positioning statement should define “the place the firm wishes to occupy in its’ target customers’ minds” (Silk, 2006, p. 90). In the case of MMBC, the definition of the target customer was under discussion. For purposes of the first question, I developed the following positioning…

    • 2196 Words
    • 9 Pages
    Best Essays
  • Powerful Essays

    Creating a company image, brand, or new product in a given market can be difficult, and getting a target market to notice can be even harder. Whether marketing a service, a company or a person, positioning is crucial to the success of any product. Positioning of that product or service is about how to get into the mind of the potential customer. When positioning a product a company wants the customer to recognize the product was designed especially for him or her. For marketers to develop a marketing strategy he or she must use different types of analysis to determine product positioning, competitive positioning, customer perceptions, and distribution-channel…

    • 1575 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Rose Only

    • 13395 Words
    • 54 Pages

    The following report has been prepared in order to understand the marketing, planning and strategy the company Roses Only has developed over the years as well as suggestions on how to improve itself. In addition, we have also worked with CEO of Roses Only Steven James to get an insight on their current marketing strategy and planning. Based on the consultation with Roses Only, we have recommended tactics and strategies which over a certain period could have the ability to achieve long-term profitable growth.…

    • 13395 Words
    • 54 Pages
    Powerful Essays
  • Better Essays

    A solid marketing strategy provides a roadmap to creating and delivering true value to distinct groups of customers. All successful marketing strategies must begin and end with the customer, they cannot be an afterthought or taken as a given, so marketers must test their assumptions about their customers constantly. These are the thing that goes into a marketing strategy. A cohesive combination of: Targeting—to whom are you going to market your products and services? Positioning—how are you going to differentiate yourself from competitors? Product/Service Attributes—what attributes/features will the product/service have? Marketing Communications—how are you going to reach the target and with what message? Pricing—what price will you charge the target? Distribution—what channels will you use to sell the product or service? Customer Service—how will you manage additional customer needs? Of these components, targeting and positioning are the two most critical elements (Burgemeister, 2003).…

    • 2128 Words
    • 9 Pages
    Better Essays
  • Powerful Essays

    Aqualisa Quartz

    • 2278 Words
    • 9 Pages

    the marketing strategy and how a company is positioned – what are the target customers and…

    • 2278 Words
    • 9 Pages
    Powerful Essays
  • Better Essays

    Ethics and Gender Roles

    • 1132 Words
    • 5 Pages

    In order for a particular product or service to be successful in the industry, it needs to be clearly positioned within its market. The positioning should reflect the needs of the customers as well as the position of the company in relation to competitors. Depending on the positioning, the marketing team can decide what attributes of the product to amplify in their campaigns and what steps will be required to form the proper connections to the customer. Furthermore, the position adopted by a firm also impacts brand equity, as in, the kinds of associations customers make to the product, their level of loyalty, and brand awareness.…

    • 1132 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Espn

    • 272 Words
    • 2 Pages

    Positioning - the act of designing the company’s offerings and image so that it occupies a distinct and valued place in the target customer’s mind relative to competitive choices.”…

    • 272 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Yamaha Case

    • 4751 Words
    • 20 Pages

    * Aaker, D.A. & Shansby, J.G. (1982) Positioning your product. Business Horizons, 25, (3), p.56.-62.…

    • 4751 Words
    • 20 Pages
    Powerful Essays
  • Powerful Essays

    References: Spee, Roel, and Wim Douw. "Cost-Reduction Location Strategies." Journal of Corporate Real Estate 6, no. 1 (September 2003): 30–38…

    • 1893 Words
    • 8 Pages
    Powerful Essays

Related Topics