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Atricle Dump - How To Position Your Product (And Own A Place In The Consumers Mind)
Reduce, Reuse, & Recycle: Plastic Corrugated Makes Your Company More Environmentally Friendly think too much about anything - and when you are powerful like McDonalds and "own" the spot in the consumers mind, you make it easy for the consumer. They just know what you do and you become the place to go.If one were to ask the average manufacturer to list some of the major difficulties faced in the industry today, his or her list would most likely include the effort to comply with customer requirements. And in today’s world, these requirements usually include a large number of rules designed to protect the environment and adhere to increasingly strict regulations set by both foreign and domestic governments.In recent years, powerhouse companies like Wal-Mart have begun to demand their suppliers adopt very rigorous environmental codes. Since mammoth companies like Wal-Mart have enough power to virtually make or break one’s business, it is essential that suppliers learn to comply, or face the possibility of extinction. As a result, businesses involved in any as Here in Australia, McDonalds is changing itself - one would think in response to the growing negative perceptions of the quality of the food and general community concerns about obesity. So it has recently released "deli rolls". But hey, says the consumer, isn't that Subway? And it has chicken nuggets on th One Of My Biggest Pet Peeves These Days Is Waiting In Line For Everything Depending on who you talk to, positioning is a marketing phrase that has many different meanings to many different marketers. I define positioning as how the customer maps your product in their minds versus comparable products that are available to them.It seems to me that everywhere we shop these days, or any service we require involves long waiting times. Stores used to hire enough clerks, cashiers, and service people to meet the needs of their customers. As a business person who understands how to calculate percentage ratios, this makes no sense to me.Mostly in business we set up our labor and many other business expenses based on sales figures. So if we consider larger stores doing revenues of $30,000-$50,000/day, and their average cost of labor is only ten percent of their gross sales, which is low by the way, they should have between $3000-$5000/day to spend on wages. Just figure out the math yourself, how many employees would a store be able to hire a day at eight bucks an hour?I can understand Let me explain this further. In the car market (now bear in mind I’m in Australia so some of these brands may or may not be familiar to you but I’ll do my best to be universal), let’s map out in our minds how the positioning might look. Status symbol/luxury: Mercedes Benz/Lexus Serious Driver: BMW Serious sport: Porsche Safety: Volvo Family: Holden or Ford (6 cylinder) Affordable: Toyota Affordable European: Volkswagen Cheap: Hyundai Hoon: Anything with holes cut in its bonnet, big mag wheels and noisy mufflers. (Suburu's seem popular amongst this group.) You start to get the idea? Of course, it’s not quite as simplistic as this map. We can add other variables to create a “position” for ourselves. Those variables might include gender, age, location, personal aspirations, budget and so on. For example, in Australia women like to drive a hatchback (like a VW Golf), since it’s easy to load shopping in the boot (or trunk if you’re in America). So the Volkwagen Golf's positioning could potentially be: “Affordable European for women that shop” Let's also look at how easy it is to damage your positioning and to illustrate, I'm going to use one of my favourite current examples, McDonalds. What is McDonalds to the average person? Well it used to be a hamburger place; and that's how we all saw it in our minds. This was very powerful for McDonalds because hamburgers were a popular takeout food and McDonalds was the first large scale hamburger joint and "owned" the position in our minds. When you thought hamburgers - you thought McDonalds. The marketing department of McDonalds reinforced this perception to us too - through television and other media. We got it - and we attributed McDonalds with the ownership of "hamburgers". It was powerful because consumers don't like to think too much about anything - and when you are powerful like McDonalds and "own" the spot in the consumers mind, you make it easy for the consumer. They just know what you do and you become the place to go. Here in Australia, McDonalds is changing itself - one would think in response to the growing negative perceptions of the quality of the food and general community concerns about obesity. So it has recently released "deli rolls". But hey, says the consumer, isn't that Subway? And it has chicken nuggets on the Targeting Your Online Advertising y: Mercedes Benz/Lexus Serious Driver: BMW Serious sport: Porsche Safety: Volvo Family: Holden or Ford (6 cylinder) Affordable: Toyota Affordable European: Volkswagen Cheap: Hyundai Hoon: Anything with holes cut in its bonnet, big mag wheels and noisy mufflers. (Suburu's seem popular amongst this group.)When targeting your online advertising, keep in mind that there are hundreds of millions of web users and at least some of them are probably looking for a product just like yours. This gives you a huge potential for profit if your product is good, your advertising is seen by them and if it lets them know how good your product is and why it would be a good thing for them to buy.But if you are not targeted enough in your audience, then it is quite likely that you will either waste a lot of money, a lot of effort, or both. Many people, when they start advertising online, try to keep their advertising as wide as possible, placing ads just about anywhere. The reason behind this is usually that they think that the more people that see the advertising, the more they You start to get the idea? Of course, it’s not quite as simplistic as this map. We can add other variables to create a “position” for ourselves. Those variables might include gender, age, location, personal aspirations, budget and so on. For example, in Australia women like to drive a hatchback (like a VW Golf), since it’s easy to load shopping in the boot (or trunk if you’re in America). So the Volkwagen Golf's positioning could potentially be: “Affordable European for women that shop” Let's also look at how easy it is to damage your positioning and to illustrate, I'm going to use one of my favourite current examples, McDonalds. What is McDonalds to the average person? Well it used to be a hamburger place; and that's how we all saw it in our minds. This was very powerful for McDonalds because hamburgers were a popular takeout food and McDonalds was the first large scale hamburger joint and "owned" the position in our minds. When you thought hamburgers - you thought McDonalds. The marketing department of McDonalds reinforced this perception to us too - through television and other media. We got it - and we attributed McDonalds with the ownership of "hamburgers". It was powerful because consumers don't like to think too much about anything - and when you are powerful like McDonalds and "own" the spot in the consumers mind, you make it easy for the consumer. They just know what you do and you become the place to go. Here in Australia, McDonalds is changing itself - one would think in response to the growing negative perceptions of the quality of the food and general community concerns about obesity. So it has recently released "deli rolls". But hey, says the consumer, isn't that Subway? And it has chicken nuggets on th 14,000 Brains ations, budget and so on.Many years ago, a CEO off a major conglomerate was visiting one of his businesses for a periodic business review. As the meeting was ending, he innocently asked the leader of the business to tell him again how many employees were in that business. The answer was 14,015 people.The CEO was silent for a minute or two and was clearly pondering the answer. No one in the room could have imagined where he was ultimately heading with his question.Finally he said, “Since you have 14,000 people, you obviously have 14,000 brains available for use in this business. What a tremendous resource you have at your disposal. The average human brain weighs about three pounds. That means you have about 42,000 pounds of human brains in your business. That’s 21 tons of huma For example, in Australia women like to drive a hatchback (like a VW Golf), since it’s easy to load shopping in the boot (or trunk if you’re in America). So the Volkwagen Golf's positioning could potentially be: “Affordable European for women that shop” Let's also look at how easy it is to damage your positioning and to illustrate, I'm going to use one of my favourite current examples, McDonalds. What is McDonalds to the average person? Well it used to be a hamburger place; and that's how we all saw it in our minds. This was very powerful for McDonalds because hamburgers were a popular takeout food and McDonalds was the first large scale hamburger joint and "owned" the position in our minds. When you thought hamburgers - you thought McDonalds. The marketing department of McDonalds reinforced this perception to us too - through television and other media. We got it - and we attributed McDonalds with the ownership of "hamburgers". It was powerful because consumers don't like to think too much about anything - and when you are powerful like McDonalds and "own" the spot in the consumers mind, you make it easy for the consumer. They just know what you do and you become the place to go. Here in Australia, McDonalds is changing itself - one would think in response to the growing negative perceptions of the quality of the food and general community concerns about obesity. So it has recently released "deli rolls". But hey, says the consumer, isn't that Subway? And it has chicken nuggets on th The Best Kind of Advertising lace; and that's how we all saw it in our minds. This was very powerful for McDonalds because hamburgers were a popular takeout food and McDonalds was the first large scale hamburger joint and "owned" the position in our minds. When you thought hamburgers - you thought McDonalds.He was a little old man, and he was confused. All around him were huge, confusing technological marvels, and he had no clue what he was really looking for...or at, for that matter.I was on commission, so the higher-end merchandise meant a bigger commission for me.I began by asking him what he was trying to do.It was simple. He had a huge record collection (you remember records, right?), and he just wanted to sit and listen to Bing Crosby, The Andrews Sisters, Perry Como, Dean Martin, Frank Sinatra...artists like that.This led to one of my next questions. Were any of the records 78's?Yep, he had a bunch of those.Well, in that time and place, the standard reply was that it was very hard to find anything that would play a 78 The marketing department of McDonalds reinforced this perception to us too - through television and other media. We got it - and we attributed McDonalds with the ownership of "hamburgers". It was powerful because consumers don't like to think too much about anything - and when you are powerful like McDonalds and "own" the spot in the consumers mind, you make it easy for the consumer. They just know what you do and you become the place to go. Here in Australia, McDonalds is changing itself - one would think in response to the growing negative perceptions of the quality of the food and general community concerns about obesity. So it has recently released "deli rolls". But hey, says the consumer, isn't that Subway? And it has chicken nuggets on th Performance Management? think too much about anything - and when you are powerful like McDonalds and "own" the spot in the consumers mind, you make it easy for the consumer. They just know what you do and you become the place to go.I recently became involved in a conversation with a researcher who belonged to the Performance Management Group of a leading business school.Being curious I had to ask exactly how it was that her group actually “managed” performance.She told me that the work of her group centred around finding a way to measure the performance of the workforce such that when the workforce strayed from norms or targets laid down by management, management could use the collected data to drag the workforce’s performance back to what they believed it should be.I was struck by the peculiar nature of the object of their research,The Holy Grail for her group appeared to be the discovery of the numerical tool that would allow “The Manager", the person with the lea Here in Australia, McDonalds is changing itself - one would think in response to the growing negative perceptions of the quality of the food and general community concerns about obesity. So it has recently released "deli rolls". But hey, says the consumer, isn't that Subway? And it has chicken nuggets on the menu. Hey, isn't that KFC? And some of their outlets have a McCafe selling coffees and muffins. Hey, isn't that Starbucks? So once, where McDonalds held a very clear position in the mind of the consumer it is trying to be all things to all people and the first rule when it comes to branding is that you cannot be all things to all people - you will fail. To ask the consumer to think about your brand and to ask them to make quantum leap shifts in their perceptions of your brand (so carefully nurtured by you over all those years) is a huge ask. From the hamburger place to the everything place; from a kids place to a place for grownups; from a "junk" food perception to telling us they are healthy? McDonalds is in serious trouble. Its consumers aren't going to get this. The three steps to create and communicate a position. 1. First think about your product attributes. When you are creating positioning for your product, you need to start by think through the attributes of the product (car attributes include safety, durability, speed, comfort and so on). The best way to identify what is the most important attribute is to ask questions of potential buyers. What do customers think of your product? What is the most important attribute to them? What would compel or persuade them to buy your product over an alternative? (If you are looking to advertise or promote your product, you might also ask them where they look for information about those products, and what language do they use when talking about them.) 2. Choose the attribute that’s best for your product. The rules are that if you are the first product to market in your category, you can have a choice of “owning” any attribute which you can position your product against, and you would want to choose the most important attribute relating to that product. But, if you are not the first product in the category, different rules apply. The rule of the follower is to do the opposite of the leader in order to provide the consumer with a genuine alternative.
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