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Judith Earley

Guide to Positioning a Premium-Priced Product or Service

Finding your niche can help boost sales and promote repeat business


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The higher the price tag of your goods and services, the more customers will resist paying it, no matter how much they want or need it. Product positioning is important because it creates a perception that a product is a necessity. When designing a product positioning strategy, consider:
  1. Whether you know how and where your target market buys your kind of product, or uses your type of service
  2. If there are innovative ways that you could deliver your product or service that would be less expensive, more effective or easier for your customer.

Action Steps
The best contacts and resources to help you get it done

Define your image


Branding — the name and description you select for your product or service — is critical to keeping yourself on top of your buyers' minds.

I recommend: Sign up for a course in Guerrilla Marketing at NitroMarketing.com. Get real-world advice from a marketer who is required reading in many top MBA programs.

Narrow your focus


The more defined your market, the fewer competitors you will have and the more customers will seek you out.

I recommend: Software, reports and advice from Niche Marketing Research Center will help you select the right niche and reach it effectively. Duct Tape Marketing is a great resource for hands-on marketing ideas, including books and CD Rom instruction.

Be a big fish in a small pond


Consider advertising in specialized publications that are read by target audiences defined by demographics, lifestyle or need. It will increase the chances of your ad will be noticed by people actually in the market for what you have to offer.

I recommend: Read up on Entrepreneur.com's Creative Brainstorming Techniques, then find ways to market big ideas on any budget.

Research your audience


It's worth the investment in market research to find out what people think of your area of product or service. And if your business is already established, what do they already think of you?

I recommend: Biz360 offers a guide that will help you to monitor industry media trends for positioning your product or service within a new market.

Repetition, repetition, repetition


The most successful positioning statements are easy to understand and are repeated over and over and over.

I recommend: Stop worrying about your written materials. Clear Copy Solutions offers copywriting services to help you stand out from the crowd.

Tips & Tactics
Helpful advice for making the most of this Guide

  • A good publicity strategy helps to grow your reputation as an authority in your field.
  • Don't compare your product or service to something similar; compare it to what's on the next level, such as private consultation or custom manufacturing.

The official source of Positioning a Premium-Priced Product or Service is
the Prestige Pricing page at Business.com

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Corporate and product positioning evaluation, program development and implementation.

Consulting services to start-up businesses.

Consultants for small business product and corporate positioning.


 Best Sites to Learn MoreBack to top 

Articles and resources on marketing methods to position a product or service.

Guide to positioning with a marketing worksheet.

Discussion of the elements and methods of the marketing technique.

American Marketing Association overview of positioning (requires free registration.)

Knowledgebase of articles on marketing segmentation, target marketing and positioning.

Articles, white papers and reports on marketing solutions and research.

Articles and resources for small business strategies.

Guide to how to position a company, product, service or brand offering an interactive tool to design advertising and marketing concepts.

Discusses market research methods for brand positioning.

Guide to advertising and marketing a position.

Management knowledge portal guide to role of positioning strategies in marketing plans.


  Best Blogs and Forums Back to top 

Category of entries on the positioning debate.


  CommentsBack to top 

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