Professional Documents
Culture Documents
Positioning
Positioning
How
consumers
view
the
brand’s
distinct
market
niche
in
relation
to
its
competitors.
A
brand’s
positioning
and
connection
with
the
consumer
is
defined
by:
1. Target
Market
2. Competitive
Landscape
3. Key
Insight
4. Key
Benefit
5. Reason
to
Believe
Target
Market
The
ideal
audience
or
most
likely
buyers
for
a
product.
It’s
a
well-‐defined
group
of
customers
based
on
factors
such
as
demographics
(age
and
gender)
and
psychographics
(attitudes
and
interests).
The
‘target
market’
concept
exists
for
2
reasons:
one
–
a
company
usually
can’t
afford
to
target
everyone
with
its
advertising
efforts;
and
two
–
a
product
can’t
satisfy
all
customers
at
the
same
time.
Example:
Women
over
50,
with
active
lifestyles,
who
work
out
more
than
2
times
a
week
Defining
the
Target
Market
• Split
the
population
into
buckets
based
on
different
combinations
of
a
set
of
characteristics,
list
their
core
values,
and
figure
out
how
to
best
serve
them.
• Understand
what
drives
a
customer
segment
in
terms
of
attitudes,
beliefs,
and
–
most
importantly
–
what
are
the
"unmet
needs"
given
their
current
options
today
in
the
category.
Competitive
Landscape
A
comparison
of
a
company’s
products
against
those
of
its
competitors.
It
often
boils
down
to
a
two-‐by-‐two
matrix,
where
the
axes
reflect
key
product
attributes.
Each
product
is
represented
by
a
circle
according
to
where
it
falls
against
these
attributes,
and
the
size
of
the
circle
indicates
the
product’s
relative
size
in
dollar-‐
sales
or
market
share.
Example:
Swallow-‐able,
chewable,
powdered,
or
drinkable
vitamins
found
in
stores
or
online.
1
Property
of
CPG
Camp™,
Marketing
EDU,
LLC,
All
Rights
Reserved,
2014
Key
Insight
The
central
belief
or
‘core
value’
that
determines
consumer
behavior.
A
key
insight
emerges
when
a
marketer
has
an
a-‐ha!
moment
and
understands
consumer
behavior
at
a
deeper
level.
In
the
CPG
world,
marketers
spend
countless
hours
watching
and
listening
to
consumers
in
order
to
determine
key
insights.
Because
when
true
insights
are
discovered,
they
can
unlock
profound
product
ideas
and
communication
strategies.
Example:
Sheila
is
approaching
50…she
knows
she
is
losing
her
youth,
but
more
importantly,
she
feels
like
her
identity
is
slowly
escaping
and
that
her
best
years
might
be
over.
For
Sheila,
it
is
much
more
than
simply
looking
older
and
not
having
energy
anymore…it
is
about
finding
the
emotional
and
physical
confidence
to
get
up
in
the
morning
and
face
this
new,
scary
world.
Key
Benefit
The
value
a
consumer
derives
from
your
product.
There’s
actually
a
big
difference
between
benefits
and
features.
And
many
marketers
commit
the
sin
of
selling
their
products’
features
instead
of
its
benefits.
The
Key
Benefit
should
address
or
provide
a
“solve”
for
the
Key
Insight.
Example:
Provides
increased
levels
of
vitality
and
energy
Reason
To
Believe,
or
“RTB”
Evidence
that
supports
the
product’s
key
benefit.
What
are
the
facts
that
will
convince
consumers
that
you
can
deliver?
As
a
marketer,
when
you
communicate
your
product’s
Key
Benefit,
you’re
making
a
promise.
Why
should
the
consumer
believe
you?
Example:
Specially
formulated
by
dieticians
to
provide
the
complete
range
of
energy-‐enhancing
b-‐vitamins
The
Big
Picture
The
big
picture
of
positioning
is
that
the
Target
Market,
Competitive
Landscape,
Key
Insight,
Key
Benefit,
and
Reason
to
Believe
are
all
linked.
Define
your
target
market
and
competitive
landscape,
discover
a
key
insight
that
drives
consumption
within
that
target
market,
identify
your
product’s
key
benefit
that
addresses
the
key
insight
or
driving
force,
and
finally
give
consumers
evidence
that
you
can
deliver
the
benefit
–
give
them
a
reason
to
believe.
All
together,
these
components
create
a
cohesive
positioning
for
a
winning
product
strategy.
2
Property
of
CPG
Camp™,
Marketing
EDU,
LLC,
All
Rights
Reserved,
2014