Brand positioning is a way to identify and distinguish a brands own value and market position among a group of competitors. Positioning of a brand involves the arrangement of a experience (associated with a brand) in the market so that it can take a definite position in the consumers mind. This essay will analyze the concept of brand positioning, discuss a popular methodology for brand positioning, and make recommendations on how to best use it.
Brand positioning refers to the act of positioning a brand in the market relative to competitors. It takes a consumer-centric view and can be divided into two parts. First, it establishes the unique value that the brand provides. It includes features, benefits, values, and even attitude. Through this positioning process, the brand conveys an image that sets it apart from the competition.
Second, the brand positioning strategy should include a plan to communicate and remind customers and potential customers of the unique value that the brand offers. This includes advertising, social media, and any marketing activities that will support this goal.
The brand positioning methodology is a key component of the marketing process, and today one of the most popular methodologies for positioning is the Brand Positioning Map. This tool allows marketers to conceptualize their positioning strategy a brand by comparing it to key competitors. The brand positioning map is a two-dimensional diagram containing two key variables:
The first variable represents the brands competitive advantages, focusing on the brand’s advantages compared to the competition across seven categories: quality, price, customer service, new products, innovation, awards and recognition, and environmental sustainability initiatives.
Second variable describes the target customer segment, including demographics, psychographics, preferences, and purchasing behaviors. This allows the marketer to determine the type of customer and understand their needs, motivations, and preferences.
By using the Brand Positioning Map, marketers are able to visualize the competitive positioning of their brand and identify competitive advantages, weaknesses, and opportunities. Additionally, the exercise can help marketers see how customers view the brand and identify potential areas for improvement.
To effectively utilize the Brand Positioning Map, marketers should begin by researching and defining the target customer segment and competitive environment. An analysis of the competitive landscape will help marketers identify key opportunities and competitors, as well as competitive advantages, weaknesses, and threats.
Next, the marketer should create customer personas and develop marketing messages that target and resonate with each persona. This will help define the brands position and differentiate between brands. Additionally, the brand positioning map can be used to test hypothetical positioning strategies and scenarios to ensure the positioning is resonating with customers.
Finally, marketers should create and execute a plan to ensure that the brand’s positioning is communicated and promoted through all marketing channels, including advertising, events, and PR. Additionally, marketers should stay up-to-date on customer trends, preferences and behaviors so they can constantly assess and fine-tune the positioning.
Brand positioning is a key component of the marketing process and the Brand Positioning Map is a powerful tool for developing and executing a successful brand positioning strategy. By researching the target customer segment and competition, creating customer personas and marketing messages, and executing an effective communication and promotion plan, marketers can make sure their brand stands out from the competition and resonates with customers.