The
best way to craft the brand positioning is offering represents the right kind
of things in the minds of the target market. The brand positioning helps to
reduce the gap between the company’s product and customer awareness and buying.
In
today’s situation customers uses only that product which they see or positioned
for them. Let’s take an example of Wills Lifestyle to understand. Wills
Lifestyle positioned the brand for young and fashion oriented customers hence
medium and high profile customers are persuaded through message and become
ultimate buyer.
Due
to importance of positioning in the market “MOOV” the pain relieving ointment
from Reckitt Benckiser India Ltd. repositioned the product from relieving joint
pain to backache specialist. Due to repositioning, MOOV become largest selling
rubefacient brands in India and has been consistently featuring in the “100
Most Trusted Brands” (Source: The Economics Times).
The
better way to craft the brand positioning is to identify the customers and
competitors. It is advisable to the companies that they should understand the
product and accordingly defines the targets, do better segmentation.
Competitor
analysis is also important while crafting the brand positioning. Company can
use point of difference to differentiate themselves from competitors. E.g.
Apple uses point of difference technique (like design, ease of use, irreverent
attitude). Nike uses performance, innovative technology and winning as a point
of difference.
Another
way of branding is Point of Parity in which companies describes the benefits of
the product so as to attract more prospects. E.g. Dettol and Savlon. Savlon is
highlighting their product as “No String Property” to counter the category
perception and strong brand associations created by Dettol.
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