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product differentiation Tagged Articles
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Market Positioning: What is it and how do you do it!
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| Very few items on the market today have universal appeal. Even when dealing in basic commodities like table salt or aspirin, marketing people have gone to all sorts of extremes to create brand awareness and product differentiation. If your product or service is properly positioned, prospective purchasers or users should immediately recognize its unique benefits or advantages and be better able to assess it in comparison to your competition's offering. |
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Lesson #2: “I watch and learn. And I’m still watching and learning.”
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| Armed with both a Bachelor of Engineering and an MBA, Wilson has taken his fair share of educational courses, but the one he found the most valuable was one called “Consumer and Buyer Behaviour”. “It helped me understand things like product differentiation,” says Wilson, “how to make marketing memorable; advertising; the impact of brand logo and positioning, and post-purchase dissonance.” |
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Account Planning, Management & Development
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| As markets tighten and market competition increases, it becomes increasingly difficult for companies to achieve product differentiation in their market place. As such, businesses will find it harder and harder to optimise their profits unless they develop effective strategies to achieve differentiation. One way to accomplish this is through the enhancement of customer intimacy.
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Long Live Profit Sellling
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| Successful enterprises will focus on their bottom line through a combination of profit selling and cost cutting while relentlessly driving extraordinary value to selected customers. |
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Changing sales perceptions
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| Stop for a minute and reflect: What is your view of selling? Has your perception of sales changed over the years?
Your answer is most likely ‘yes' if you are a customer or salesperson in business to business (B2B) sales. But not if you are a customer of retail. More about that another time.
Today's changing B2B and high-end B2C sale practice styles are an adaptation to the environmental forces. The change towards people-centricity is evident in a number of organisational functions, in particular the sales function where there has been a significant shift from product-focused selling to relationship selling. |
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The Retail Jungle…where visions become real (Part 2)
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| In site to what small business owners need to know about retail products and to prepare a launch of a new product |
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A case for rebranding - catalysts for brand revitalization
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| Rebranding, whether a product or an entire brand, is a serious endeavour. The overall need for rebranding is based on the basic premise that just as people change their style of clothes, hairstyles and home decorating, so brands need to keep up with the times and changing market and consumer dynamics. At the same time, rebranding can be undertaken to fix errors made earlier in a product’s development, to create new consistency across products, or conversely, to take advantage of the benefits of product differentiation and market segmentation. |
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Other product differentiation Related Articles
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The Fear of Differentiation
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| Building a unique small business brand requires some courage. Why are unique brands so scarce while middle of the road products, services, retail stores, etc dominate the business landscape? My theory is that it has something to do with an innate fear (we all have) of being different. In a branding context, this poses a problem because differentiation is one of the key elements in the development of a great brand. So how do small business owners face the fear of differentiation? |
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The Science of Differentiation
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| There is enough evidence in the annals of branding to convince even the most skeptical small business owner that differentiation is a critical component of building a successful brand – yet there are very few that embrace the concept.
For those of you that are not convinced, there is another way to look at differentiation - through brain science. The human brain, in its mysterious glory, thrives on differentiation. |
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A case for rebranding - catalysts for brand revitalization
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| Rebranding, whether a product or an entire brand, is a serious endeavour. The overall need for rebranding is based on the basic premise that just as people change their style of clothes, hairstyles and home decorating, so brands need to keep up with the times and changing market and consumer dynamics. At the same time, rebranding can be undertaken to fix errors made earlier in a product’s development, to create new consistency across products, or conversely, to take advantage of the benefits of product differentiation and market segmentation. |
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Cash Cow or Sacred Cow?
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| Getting down to the nitty gritty about a client's 'best sellers' is one of the first things I jump into when I start a new project. More often than not, those 'best sellers' are the source of more problems than anyone would expect.
How can that be? It's the biggest seller (which is easy to prove with revenues), the cash cow, sacred cow, the product that delivers major corporate differentiation. Right?
Sometimes it is. But more often it's not.
It may generate the most revenue - but you have to look deeper, much deeper, to find out how the product is impacting your business. |
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Differentiation-Based Leadership: Three questions that every leader must ask
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| The more competition you face, the greater the need to highlight the differentiation -- the unique advantage of your product or service -- in order to succeed in the marketplace. Differentiation-based leadership places the onus of grasping, defining and communicating that differentiation on the shoulders of the leader, and extends the concept to encompass every area of business -- including the leader him or herself. Using differentiation as the central principle of strategic competitive advantage, these are the three questions that every leader must ask. |
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Market Positioning: What is it and how do you do it!
| |
| Very few items on the market today have universal appeal. Even when dealing in basic commodities like table salt or aspirin, marketing people have gone to all sorts of extremes to create brand awareness and product differentiation. If your product or service is properly positioned, prospective purchasers or users should immediately recognize its unique benefits or advantages and be better able to assess it in comparison to your competition's offering. |
|
|
Account Planning, Management & Development
| |
| As markets tighten and market competition increases, it becomes increasingly difficult for companies to achieve product differentiation in their market place. As such, businesses will find it harder and harder to optimise their profits unless they develop effective strategies to achieve differentiation. One way to accomplish this is through the enhancement of customer intimacy.
|
|
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Lesson #2: “I watch and learn. And I’m still watching and learning.”
| |
| Armed with both a Bachelor of Engineering and an MBA, Wilson has taken his fair share of educational courses, but the one he found the most valuable was one called “Consumer and Buyer Behaviour”. “It helped me understand things like product differentiation,” says Wilson, “how to make marketing memorable; advertising; the impact of brand logo and positioning, and post-purchase dissonance.” |
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SMB-Speak: Getting your Foot in the Door
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| As we all know, small businesses believe that differentiation is a strategic advantage when competing with large corporations for a customer's business. Talking about differentiation is one thing; demonstrating it is another altogether. |
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Interconnectedness, Bridge-building, Values living and growing your business
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| Look for ways where your products/services build bridges between divides and disconnects. There is differentiation in doing so.
Look for ways where your products/services remove recklessness and increase responsibility and accountability. There is differentiation in doing so.
Are your values virtues? i.e. Are what you stand for and believe in, mirrored in your actions? And are you bringing these things to your markets? There is differentiation in doing so. |
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