To position your product effectively, you must understand the market context. This involves knowing the landscape, trends, and how customers view other products in your space. 	“You can’t position your product without understanding where it fits within the market.”

Understanding the Market Context

Positioning isn’t just about being different; it’s about being different in a way that delivers value. You need to clearly communicate how your product solves a problem or meets a need better than anything else. 	“The key to great positioning is tying your differentiation to something the customer cares deeply about.”

Role of Value in Positioning

Positioning is crucial because it defines how your product is perceived in the market. A well-positioned product stands out, making it easier for customers to understand its value and why it’s the right choice for them. 	“Positioning is the difference between your product being chosen or ignored.”

Importance of Positioning

Positioning is the strategic foundation that defines your product’s place in the market, while messaging is how you communicate that position to the world. Both must align for your strategy to succeed. 	“Positioning is the ‘what,’ and messaging is the ‘how’—both are crucial for effective communication.”

Positioning vs Messaging

Your product’s position may need to change as new competitors enter the market, customer needs evolve, or your product itself changes. Regularly reassessing your position keeps it aligned with current realities. 	“Successful companies continually adapt their positioning to stay ahead in the market.”

Adapting Positioning over Time

Common pitfalls include focusing too much on product features, not understanding the market context, and failing to differentiate. Avoiding these can prevent positioning mistakes. 	“Avoiding common positioning mistakes can be the difference between success and failure.”

Common Positioning Pitfalls

A positioning statement is a concise description of your product’s unique value and the target market it serves. It should be clear, specific, and focused on what makes your product the best choice. 	“A great positioning statement is the foundation of your marketing strategy.”

Building a Positioning Statement

Your company culture plays a significant role in how you position your product. A strong alignment between culture and positioning enhances authenticity and customer trust. 	“Your culture should reinforce your positioning—when they align, your product’s value becomes undeniable.”

Positioning & Company Culture

The five components of positioning are: market category, competitive alternatives, unique features, value, and customer segments. These elements work together to create a clear, compelling position in the market. 	“Each component of positioning plays a vital role in creating a cohesive market presence.”

The 5 Components of Positioning

The positioning process involves defining your product’s unique value, identifying its competitive alternatives, and crafting a positioning statement that clearly articulates these elements. 	“Positioning is not just a statement—it’s a process that requires deep understanding and careful execution.”

Positioning Process

Testing your positioning with real customers ensures it resonates and is understood. This feedback helps refine your message and increases the likelihood of success. 	“Positioning is only as strong as its resonance with your target audience—test it to ensure it hits the mark.”

Testing Your Positioningu

9.	Avoid Pitfalls: Steer clear of common positioning mistakes.	10.	Revisit Positioning: Adapt as markets and products change.	11.	Growth-Oriented Positioning: Positioning should support expansion.	12.	Keep Positioning Dynamic: Evolve with market realities.	13.	Align with Culture: Let your company culture support your positioning.	14.	Focus on Value: Differentiate in ways that matter to customers.	15.	Communicate Clearly: Make sure your message is easily understood.	16.	Maintain Authenticity: Ensure your positioning reflects your true value.

It's important to really understand what customers compare your solution with, because that's the yardstick they use to define “better. Think of your product as a fishing net. You have a theory that your net is good for catching grouper, but you haven't fished with it yet so you aren't certain what you might catch.

Identify the products or services your customers see as alternatives to yours. This helps you understand what your product is competing against and how to differentiate it. 	“Understanding your competitive alternatives is the first step in positioning your product effectively.”

Identifying Competitive Alternates

As your product and market evolve, so must your positioning. Revisiting and refining your position ensures it remains relevant and continues to drive growth. 	“Positioning is not static—it must evolve with your product and market to support growth.”

Positioning for Growth

Your product’s differentiation is what makes it stand out. It’s about highlighting what makes your product unique and why that uniqueness matters to your target audience. 	“Differentiation is the cornerstone of positioning—it’s what sets your product apart.”

Differentiating Your Product

Different customer segments may perceive your product differently, so your positioning must resonate with each segment. Tailoring your message to different segments can enhance its effectiveness. 	“Positioning is not one-size-fits-all—different segments require different approaches.”

Positioning & Customer Segments

1. The Importance of Positioning
2. Understanding the Market Context
3. Identifying Competitive Alternatives
4. Differentiating Your Product
5. The Role of Value in Positioning
6. The Five Components of Positioning
7. The Positioning Process
8. Discovering Your Unique Value
9. Building a Positioning Statement
10. Positioning and Customer Segments
11. Testing Your Positioning
12. Positioning vs. Messaging
13. Common Positioning Pitfalls
14. Positioning for Growth
15. Adapting Positioning Over Time
16. Positioning and Company Culture

Topics That Will Make You A Premium Marketer Today

Your product’s unique value lies at the intersection of what you do differently and what your customers care about. It’s the reason customers choose your product over others. 	“Your unique value is the bridge between your product’s differentiation and customer needs.”

Discovering Your Unique Value

1.	Understand Market Context: Know where your product fits.	2.	Identify Competitors: Understand what you’re up against.	3.	Differentiate Effectively: Stand out by solving customer needs.	4.	Create Unique Value: Connect differentiation with customer care.	5.	Build a Positioning Statement: Be clear and concise.	6.	Segment Your Audience: Tailor positioning to different groups.	7.	Test Positioning: Ensure it resonates with your target market.	8.	Align Messaging and Positioning: Consistency is key.

"Obviously Awesome" reveals how mastering product positioning can make or break your business, guiding you to stand out in a crowded market with clarity and confidence.

You know your product is awesome--but does anybody else? Forget everything you thought you knew about positioning. Successfully connecting your product with consumers isn't a matter of following trends, comparing yourself to the competition or trying to attract the widest customer base.So what is it? April Dunford, positioning guru and tech exec, will enlighten you.Her new book, Obviously Awesome, shows you how to find your product's "secret sauce"--and then sell that sauce to those who crave it. Having spent years as a startup executive (with 16 product launches under her belt) and a consultant (who's worked on dozens more), Dunford speaks with authority about breaking through the noise of a crowded market.Punctuated with witty anecdotes and compelling case studies, Dunford's book is at once entertaining and illuminating. Among the invaluable lessons you'll learn are: - The Five Components of Effective Positioning - How to instantly connect an audience to your offering's value - How to choose the best market for your products - How to use three distinct styles of positioning to your advantage - How to leverage market trends to help buyers understand why making a purchase is important right nowWhether you're an entrepreneur, marketer or salesperson struggling to bring inventive products to market, Dunford's insights will help you find your awesome, so that your customers can too.

Differentiating Your Product

Similar ideas to Differentiating Your Product

Show your personality

Don’t Be Humble

What are benefits?