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:
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.
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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.
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Creative Brainstorming Techniques, then find ways to
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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.
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