Techniques for Positioning

Below are some ways any company can position their product in an ultra-competitive marketplace.

  • Target A Specific Group Of People.ย Email marketing and list managing services have long been dominated by the likes of Mailchimp, Aweber, and Constant Contact. Those are just three of the dozens of services to choose from when beginning an email marketing strategy. The industry is flooded with highly competent and well funded companies. However, that didnโ€™t deter the folks at Campaign Monitor from building their own solution. They didnโ€™t build the product and then try to sell it to designers. They positioned the product by building specific features designers would love.
    • Technique:ย If the competition is selling to one niche, you can build your product or service so that it is perfectly suited for a niche that the competition is ignoring.
  • Do One Or Two Things Very Well.ย When everyone seems to complain about the 800 pound gorilla in your industry, find out why. If it is because there are too many features, and it takes too long to learn, make sure your product or service focuses on doing one or two things very well.

“We WILL be there with you every step of the way.”ย 

  • Base it On Your Unique Intelligence.ย Statements like “we’ve forgotten more about xxx than you will ever know” which clearly show that your knowledge and experience in an area is far superior than competition can create a unique position.
  • Tell A Unique Story.ย A third way to position your company is to tell a unique story. If your competitors are all telling the same story, whether that is that they have the lowest price, or are the most innovative, then you need to be telling a different story. Do you offer the best service? Or are you the easiest to use? Or are you like 52Teas and welcome product suggestions?
  • Be More User Friendly.ย Focusing on making the life of your customers easier and not trying to milk them for every last dime will have a huge impact on your success.

In order to find sufficient demand in the market, a company not only needs to solve a real pain for target customers but it also needs to find an effective approach to communicate its productโ€™s value.

Follow Us on Social Media

Where do you go for answers?

LEARN MORE

Our Learning Community is the one stop shop for the intelligence you need. Instead of countless hours searching for answers, we’ve organized what you need to know across all of the business and personal issues you face. You’ll get knowledge, ongoing support, weekly live coaching sessions, tools and templates, vendor reviews and a vibrant community of your fellow entrepreneurs. All that for only $99/month! Join today!

Share The Lonely Entrepreneur