Thursday, June 13, 2019

Ten Ways to Successfully Position Your Brand in Overcrowded Markets



Today, brand managers are increasingly at a loss about how to differentiate their brands. In most product and service categories, every unique and purchase motivating position has been claimed by one or more brands. Product and service categories have matured, brand research has gotten sophisticated and competitors have successfully filled all of the brand positioning niches. So what is a brand manager to do to discover a new unique and compelling brand position?

Here are some ideas:

  1. Identify, create and own a new "category of one." The Strong National Museum of Play did this by repositioning its brand from a children's museum to the only museum of play. 
  2. Through qualitative research, discover one or more compromises all of the brands in the category are making with their consumers and then design a business model and brand to overcome these compromises. CarMax did this vis-a-vis traditional used car dealerships and Uber did this vis-a-vis traditional taxicab companies. 
  3. Choose a valued benefit that has never been a part of the category. Apple did this with the introduction of smartphone apps. Southwest Airlines did this by owning "fun."
  4. Add an element to the brand that no other competitor in the category has added. Opaque did this. It introduced the concept of dining in the dark. 
  5. Make an outrageous version of a traditional product. Check out Loudmouth Golf for wild clothes. 
  6. Combine two or more products into one or two or more functions into one product. Victorinox Swiss Army was one of the first to do this with its knives. 
  7. Focus on a niche market or on one market segment. Orvis and lululemon do this, as does Lane Bryant. 
  8. Create a character that gives the brand a distinctive personality. Kellogg's Tony the Tiger was one of the first, but GEICO's gecko,  Progressive Insurance's Flo and Jamie and Pistachio's elephant, Ernie are also examples of this. 
  9. Go left when everyone else is going right. Naomi Klein did this with her No Logo book when everyone else was writing about the power of brands.
  10. Use a new material or technology that no one else is using. SmartSolve has created environmentally friendly dissolving paper, pouches, labels, thread, tape and adhesive. 
What do all of these approaches have in common? Out-of-the-box thinking.  None of these brands would have become what they became if their managers had applied linear or incremental thinking. 

If you are interested in this topic, here are some other blog posts that might be of interest to you:

By the way, the Interceptor vehicle pictured above is a car, boat, plane and helicopter all in one, applying idea #6 above.




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