Product positioning Essay Example for Free

Product aligning EssayWhat do you do? Keep in perspicacity that the question has to be answered from the customers point of view and clearly state what the result does for the customer. Customers develop opinions about companies and harvest-feasts, and the view of each in the mind of the customer always occurs in relation to the competition or the customers other alternatives (which may include doing nothing). While grocery storeing communications play a part in developing the desired position, its worth noting that in reality customers make up their minds based on a wider telescope f factors, including packaging, pricing, product performance, references and media recommendations. placement fundamentals Positioning is the single greatest influence on a customers buying decision. Each customer evaluates products in the market according to their mental map of the market. Positioning exists in customers minds, not in positioning statements. People do not easily or willing ly transfer their minds about a products positioning. Positioning must first demonstrate a products relevance, using supportable, reasonable, nd literal terms. Making the product easier to buy through effective positioning makes the product easier to sell. occasion the market Mapping the market involves identifying and staking out the most relevant customer segments. It enables you to establish and potentially control how your product is viewed in terms of benefit and differentiation. Benefit The advantage conveyed by the product to the target customer based on his have reason to buy. makes you unique in the marketplace, at the same time bearing relevance to the Positioning template The positioning template can help you to express the fundamental value proposition that your product provides to a target customer and the market.It must identify the target customer or market compelling reason to buy products placement within a new or existing category refer benefit that directly addresses the compelling reason to buy primary alternative source (i. e. , competitor) of the same benefit key difference or point of differentiation Positioning statement The positioning template enables you to work a positioning statement, which xplains who you are, what you offer, whom it is for, and why it is important and compelling.The positioning statement should meet several key criteria It effectively identifies the target customer or segment, and makes the situation clear and understandable. It makes your claim (and related benefit) concise, singular and compelling, and supports it by credible evidence. It makes the differentiation statement concise, singular, compelling, and supportable, and it reflects the target customers attributes and environment. It passes the elevator test (i. . , it can be explained in a some words).Using the template, a positioning statement can be structured like this For (target customer or market) Who (have a compelling reason to buy) Our pr oduct is a (products placement within a new or existing category). That provides (key benefit that directly addresses the compelling reason to buy) Unlike (primary alternative source (i. e. , competitor) of the same benefit) Our product (key difference or point of differentiation in relation to the specific target customer) Positioning and market type In a new market, you must define the market and your companys place within it.This involves positioning your company to visionary buyers as a thought leader within an emerging, highly promising market category. You must also demonstrate your products benefit or competitive advantage against existing products and the status quo. In an existing market, the positioning changes. Here, it must demonstrate to credible and comprehensive option for the customers needs. In order to procure the desired positioning, your communication must clearly articulate your unique points of differentiation.